Thats a big breather for many.Yes, for the first time ever the Reserve Bank Of India(RBI) has come out with its professional forecasters survey very recently. And it supports the long term growth story of the Indian markets in general. Well we have seen the markets falling like a pack of cards since mid Jan 2008. From its peak of around 21000 points the markets lost about 21% along with all other Asian markets. And also the Indian markets have been slower to recover from its lows too as compared to other markets.

So after all these here is a good piece of news for many. The RBI which came out with its forecasters survey says that the median forecast for sensex by end of June  is around 16,907 points. The forecast figures by the end of Sept 2008(Q2) is about 18,235 points. And yes RBI is bullish on the Indian markets in the coming days and the forecast by the end of Dec 2008 is at 19,431 levels.

So by Dec 2008 end the Indian markets can be anywhere in between 19,000 and 20,000 points. So thats clear signal of total recovery from the lows of March 2008. We would be more than happy to see the markets reach those levels by the year end and recover totally from its lows.

Well in my opinion these forecast should be taken with a pinch of salt as the market conditions may turn any side in a given time due to several factors. Crude oil touching $124/barrel levels, rupee falling to 41 + levels, rising inflation and global cues can a severe impact on the markets anytime. But as always India will be the place from where the world is going to see some of the biggest advances in all spheres in coming time. And I always support the long term prospectus of Indian growth story.

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Well the markets are in a downturn for some time now.The whole of last week saw the markets losing around 5% each in sensex and nifty.You can watch out for the following intra day stocks : United Breweries( cmp 725), SEL manufacturing(cmp 454), BASF India(cmp 226), Radhe Developer(cmp 157), Max India(cmp 156), Gitanjali Gems(cmp 281), Wipro(cmp 501), Bank of India(cmp 326).

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Here I covered a news, few days back on inflation when the inflation was 7.57% and expected it to rise further till 8%. And that seems to be coming true now. The latest inflation figures released on Saturday for the week ending Apr 26th stands at 7.61%.But this time around it was on the expected lines of 7.60%. The inflation has been rising continuously since many weeks due to increase in the prices of many commodities.

The figures stood at 6.01% in the corresponding  week last year.So theres a significant rise in the inflation figures. The govt has already taken some measures like banning the future trading in some commodities like soya oil, channa, rubber and potatoes. The steel sector was asked to cut prices and it followed and now on line is the cement sector.

Reacting to this piece of news the Indian stock markets shed about 344 points or 2.01% and nifty lost 99 points.The whole of the last week has been pretty bad for the share markets. The rupee is also falling against the dollar and crude oil prices touched the $124/barrel mark already. This has created some sort of panic the world over and US markets were also down. Both sensex and nifty lost close to 5% each the last week.

The coming week is going to be very crucial and would be interesting to watch out for. Its advised to trade with caution and keep a look at the latest incoming news and trend in US and Asian markets.

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Popularity: 12% [?]

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The markets were down yesterday and finally gained some momentum towards the end of the day due to fall in rupee against dollar due to which the IT company shares prices rose. The US markets were down by almost 1.6% to 1.8% yesterday and Asian markets also have started the day in deep red. So the Indian markets will also see a jittery session today.

So have a look at some intraday calls for today: Jai Corp(cmp 704), selan expo(cmp 260),IL&FS invest(cmp 187), Cairn(cmp 278), Essar shipping(cmp 175), TCS(cmp 966),Glenmark Pharma(cmp 672), Rashtriya chemical and fertilizers(cmp 77),Bajaj Hind(cmp 237), Relaince power(cmp 411.50).

Good Luck!

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The Indian share markets lost about 118 points in yesterdays trading while rest of the world markets closed flat or marginally up. Finally when the Rupee ended a record low yesterday, the IT company shares were back into trade and markets covered up a lot during the last trading hours. The IT company stocks were up. Meanwhile amidst much furore, the US markets closed up by a small margin. The crude oil prices have also hit $122/barrel. The Asian markets are trading mixed with Nikkei-225 up by 1% roughly and Hang Seng down.

So the Indian markets will also be trading around its previous closing figures. So lets have a look at some of the intra day calls for today:  Sterlite(cmp 862), Usha Martin(cmp 102),Infosys(cmp 1820),NIITLtd(cmp 109), Satyam(cmp497), UBI(cmp 172), UCO(cmp 51), ITC(cmp 225), SCI(cmp 256), LIC hou fin(cmp 361),TATA steel(cmp 816), Cairn India(cmp 259).

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The Asian markets closed in a mixed trend today.The US markets have started the day in deep red presently with the news that Microsoft has withdrawn its bid to acquire Yahoo for $ 44 billion. The markets gained nicely till 17,735 and then profit booking started and finally it ended the day in red losing 109 points and nifty lost 36 points.

From now on I shall try to provide intraday calls a day before so that you can get the calls fast and also do some analysis on them.So here are the calls for May 6th: GVK Power(cmp 50.6), power finance corp( cmp 187), UCO bank(cmp 50.2), Allahabad Bank(cmp 93), GTL infra (cmp 57.4), Reliance industries infra (cmp 1710),IL&FS Invest(cmp 278), Kotak(cmp 869.45), Jai Corp(cmp 701), Unitech(cmp 331).

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Well after a good closing in the US markets last week end, the Asian markets are trading in green this morning. We can expect a stable market today.Some intraday calls for today include: KNR construction(cmp 123), SREI infrastructure(cmp 166), Indusland Bank(cmp 102), Usher Agro(cmp 184), Geojit Financial(cmp 63), HDIL(cmp 846), Eicher Motors(cmp 296), Noida Toll(cmp 52), GTL Infra(cmp 54), Reliance Infrastructure Ltd(cmp 1523), IFCI(cmp 60), NIIT Tech(cmp 151).

Good Luck & Happy Trading ! See you all among some good profits today from the markets.

Popularity: 14% [?]

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The inflation word is back to haunt everyone once again. The latest figures released shows that for the last week of April the inflation stands at 7.57% as against 7.33% in the previous week.  It was higher than the expected 7.27% by the analysts.  The government  has taken a few precautionary measures  like  hike in the CRR  a few days back which actually sucks out a whole lot of money from the system and thus lowering the purchasing power capacity.

The crude oil prices hovering around the $120/barrel along the rising food prices have led to such a sharp rise in the inflation figures this time. If the inflation remains at these levels then RBI will be forced to increase the CRR again and manage liquidity to some extent and also the rising inflation.

Some even feel that these high levels of inflation is here to stay and would hover around 7 to  7.5 % for another 3-6 months. This would again have a bad impact on the markets when it opens again.But somehow the markets resisted this news on the last trading day of the week and was up by 312 points. Markets need to learn to stay with this for some more time in future.

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