Decisive downside major breakout by market 05-Aug-2011

With respect to previous blog on market in mid Jan-11 market did slide. It has taken a support at 17463 closing basis (or 17295 intraday low) in the month of Feb-11. It has moved up to 19800 in Apr-11.

Past

Trouble begin in earlier May-11 . Market has reacted almost 100% from feb-apr-11 rally. Technically this was not a good sign.

Present

Lots of dullness was seen in market subsequently. Market has given clear downside breakout in early Aug-11

Future

Market will likely have a notable fall in coming time. With the reverse stop loss at 18000, probable next support range for sensex 14500-13000 & nifty 4400-4000


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Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this

Mousam badal raha hai …. Reorientation repositioning ….unfolding mystery

Looking back ... last two years there is one way up movement in market ….. Market has reached almost all time high …. & now sliding down

Strong support

Some panic selling expected to continue & market will slide down further ….comparing with last time fall of 2009, market hold considerable good support zone between 18000 & 17500 ….will see a lots struggle (Kabhi down toh kabhi up : daily or intraday) between bulls & bears at support zone in coming few months

Extreme support

….though there are numerous strong till 15750 in case something tremendous go wrong in world….prima facie market may not below 17000…

Unfolding mystery …. In coming months

…if market makes base at support zone, next rally it will break previous all time high & will make touch 24000 & more ( premature time to comment) …. & offshore there will be good buying opportunities in support zone for medium term in coming months

Indian economy is doing good except food inflation caused by some @##%!# factors …. Global economy outcome come to know when there are some burst happens …. Over a period most of countries has printed notes in huge volumes & I think some economist need to predict down side of printing currency.

Watch very closely support zone

enjoy

Disclaimer:

Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this

IPO Update : Jubilant Foodworks Ltd : Khushiyon ki Home Delivery

Domino's Pizza: Fifteen year old company coming with IPO.

Below is financial overview (Rs in Crore)

Sep-09 six month period profit is 12.1 much higher than twelve month profit ending Mar-09. In contrast profit for FY 2009 is decreased though sales has rise by 33%

The brand is well known in India. Its said Domino's Pizza reaches faster than Police or Ambulance.

There is no comparative company listed in Indian Stock market. The company is fastest growing in FMCG industry. The Pizza is am increasing craze among Indian population

Can this company command PE of 80 or 100??

Price discovery:

Disclaimer:

Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this.

Mousam Badal Raha hai….Marekt is changing its Direction

Market apna rukh mod rahe hai…...

It has been quiet sometime we have seen the downfall in the market.

There are indications on Candle charting that Market is forming its bottom

In the medium term Volume needs to see on rise in coming period to have solid bottom formation.
Short run outlook: Last five week market went upside but at each time volume was coming down. It is very likely market is likely come down in short run

I have seen charts of some of companies out of following are looking promising

Ess Dee Aluminm
Shiv-Vani OilGas
Tech Mahindra
KPIT CumminsInfo
Punj Lloyd

Let see how it goes

Enjoy

Satyam Saga

Originally written on Jan,11, 2009 uploading on blog

I am positive & confident on satyam future...it will take one to two or in the extreme three months to bounce back....

Things will evolve in coming days but i don't know how it will take shape

Fair enough i feel

1) existing major shareholder like ICICI fidility & other major FII should put 1000 crore in company.

2) clean up existing financials

3) bring in strategic investor (big software MNC) with  25%  to 30 % stake at 3000 crore

with this & new board at satyam, uncertainty will be over & things will come to normal

4) if needed there can be salary cut across all employee at 20 %  ( I think 80% things are right for satyam & 20 % are gone wrong) & no firing for employee

5) Govt should not take his own benefit & play politics in the whole play (things can go worse if it happens)

Below is Valuation of Satyam: