Winner’s Curse

Finally TATA Steel has won the race to acquire Corus. But Shares of TATA steel was hammered down in Indian bourses. Market feels that this deal would be a great financial burden for TATAs. Market rumors are that Mittal indirectly pushed up the cost of acquisition for its competitor.

I personally would not buy TATA Steel as the near term appreciation is not expected.

In the long run, this deal may help this reputed and honest company.

My todays’s pick is Aptech

Market Watch

Share prices, some times baffle even seasoned analysts. In real sense we can't predict the prices with 100% accuracy. But with the tools available, we can predict the direction of least resistance. In this column, I would like to mention about few stocks moving with higher momentum. They may move up or down. But they will move in the direction of least resistance, fast and enable us to make some good money. For Trading always use sensible Stop- Loss to protect your profit and capital.
My Todays picks are Geojit, Gayatri Projects and India bulls

Always use stop loss order By Larry Lavin

Always use stop loss order.
After s losing trades in one day, stop trading
If I get 100+ points in a trade, I would move my stop loss to break even.
Only use a signal to get into a market.
Do not trade on low volume days.
You don’t have to trade everyday

What happens to cement stocks?

Past week we saw zigzag price movement of cement stocks. Previous week, all cement stocks were appreciated by at least 10%. Then the news of abolition of customs duty on Portland cement came. Prices of cement stocks did a somersault. What is the near term prospect of this important sector?
Niraj Shah , a renowned stock analysts’s views are published here.
‘Import duty on cement, standing at 12.5%, has been completely removed. The duty cut, barely a month prior to the budget is apparently meant to control inflation and may be interpreted as a signal to domestic cement industry to not hike prices in the near future - particularly with elections in UP round the corner.
Cement prices, almost across the country, and particularly in South India, have risen considerably in the last 20 days, from around Rs 175/bag to Rs 190/bag in South India and it was believed that these would still continue to inch up even for the forseeable future. Prices for superior brands are ofcourse higher than these average prices across South India.
On very basic calculations, prices of imported cement, after factoring in import-duty cut, stand at Rs 240/bag in Hyderabad, Rs 212/bag in Chennai and Calcutta, and around Rs 230/bag in Bangalore. These prices are still higher than the prevailing cement prices in the regoin.
Thus, the landed cost of imported cement, even after factoring in the removal of duty, still stays marginally higher than the prevailing cement prices.Hence, what this ruling effectively does is that the possible and the widely factored in future price-hikes may not come into effect.
With the import duty removed, the possibility of these price hikes, especially in the near future, seems very remote.What will however not happen is price cuts-certain market analysts had given calls of price-cuts coming in the cement sector, which does not seem to be the case.
Also, the logistical problems that would be faced as a result of cement imports may make these imports unviable.
However, the market sentiment is likely to remain subdued. This was amply demonstrated by the stock price movement of Grasim, which, even on the back of stellar Q3FY07 results, could not hold in the green and in fact, ended the day with losses of over 3% on the BSE. All the other cement stocks also followed suit, with industry leaders like ACC and Guj Ambuja falling over 7% in the days trade.”

Import duty on cement at 12.5% has been completely removed. The landed cost of imported cement, even after factoring in the removal of duty, still stays marginally higher than the prevailing cement prices

Market Outlook by Ashwani Gujral, Technical Analyst

Above 14000, we still maintain that its not a good time to invest. Keep your account running on profit, there may not be many multibaggers from here. If you see frenzy in your stock, use it to sell.Markets head to new highs After spending about 10 sessions in a range, the Nifty broke out above 4130, to close 1.41% higher for the week. The weekly low of 4056 can now be a trailing stop for all swing trading positions. The Nifty seems to be headed to our targets of 4250 and 4440. While most large cap counters have remained ranged, the midcaps have come into their own. The mid cap index had a weekly closing at 5316, and is now headed to towards 5530. The trailing stop for the mid cap index is 5042. Meanwhile metals is where we are getting fresh sector tailwind. Our top picks include Tisco, Sail, Sesa Goa. In midcaps we are still backing Moser Baer, NDTV, Praj, Polaris and Kotak Mah Bank. Above 14000, our stance consistently remains that its not a good time to invest. So ride your moves, and plan an exit.
Keep your account running on a profit, there may not be many
multibaggers from here. If you see frenzy in your stock, use it to sell.

I am back

I am back after a long time. Finally Blogger allowed me to switch to New blogger. So I am back to my favorite place. Sorry for the inconveniences caused by my frequent switches. You can always access me at which will redirect you to my financial posts.

Then…… Start with a bang.
Karvy publishes weekly news letters for its subscribers. It has information about equity, F&O and commodity calls. Though it is meant for its clients, I am publishing it’s URL below. Use these newsletters wisely. It can be accessed from the following links.

These news letters updated every Sunday and you need
Adobe Acrobat reader to read these PDF documents.

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