learn2trade

Transferring ownership

2011-06-07T13:45:00.000+01:00

I am in the process of transferring this blog to another company...

There will be no further updates from me on this blog.

Rajesh

Weekend share watch

2010-06-01T07:11:00.000+01:00

BSS Group (BTSM.L) - Takeover by rival Travis Perkins (TPK.L). TPK is well positioned for recovery in housing market.

Severn Trent - Dull but defensive stock with good income. Up 30% in last 6 months. Returns to profit

Weekend share watch

2010-05-24T07:09:00.000+01:00

BTG - (LON:BGC)
Speciality pharmaceuticals company BTG exceeded its financial goals in fiscal 2009/10 as it moved solidly into the black. Profit before tax in the year to end-March 2010 totalled £9.1m, compared to a loss of £11.3m in the preceding year.

Logica (LON:LOG) - bid speculation from Indian IT service (Infosys)

Trinity mirror LON:TNI)- volume up 16% - No news

Xstrata (LON:XTA)- Relief rally after the last weeks sell off

Rockhopper (LON:RKH) - follow through on Oil discovery in Falkland. This may go up further.

Supergroup (LON:SGP) - Recent IPO and earnings. Fastest growing company.

Apple effect

2010-04-23T07:13:00.000+01:00

ARM Holdings, chip maker, listed on LSE has been rising every since Apple announced iPad late last year. Stock is up nearly 30%. It has momentum and if you look at charts it has linear upwards movement. There is news that it might be taken over by Apple. It is due to announce results next week. So it still has some legs to go further.

Breakout for Monday

2010-04-20T07:17:00.000+01:00

Stocks to watch:
AVE.L - Avis Europe - Earnings due next month. Recovery play.
RBS.L - Follow through on recent breakout. Analyst upgrade

Pre-earnings announcement drift.

2010-04-18T22:15:00.000+01:00

Often you see a stock starts rallying even there is no news. In such cases look for earnings due date. A stock will start rallying 2 to 3 weeks before earnings. The phenomenon is known pre-earnings announcement drift.

These are usually stocks will good growth rate i.e. companies where EPS and sales are in double or triple digits. Now if you get into such stocks and a stocks rallies 10 to 20% before earnings date, make sure you book your profits before earnings are released.

Last week there were three such examples.

Aggreko

Aveva group

Autonomy

Obama Condoms - For hard times

2010-04-17T21:51:00.000+01:00

You can sell anything in Big Apple....provided you know how do it. This guy is cashing in on Obama....his punch line was "For hard times...."

Slave of Wall Street - Take 2

2010-04-17T21:48:00.000+01:00

One way Wall street

2010-04-17T21:44:00.000+01:00

Slave of Wall street

2010-04-17T18:45:00.001+01:00

Recently I was on holiday in USA. On my tourist tour, I visited Wall Street. This guy was standing outside New York stock exchange and asking people if they could lend him a dollar to buy a politician. Surprisingly people were actually paying him.

This was a perfect example of marketing and human phscyology at display. Now imagine if this guy was a beggar, how many people would have paid him? The way he put his point had an impact.

How you say it or present it is very important. Think about it!!!

Stocks breakout

2010-03-01T23:24:00.003Z

Some stocks with had a breakout today

PIC - earnings due tomorrow.
RNK - Up 15% post earnings 2 days ago
MEC - earnings due 17 March
FXPO - earnings due March 23
AGK - New contract and Earnings due on 03rd March

New contract for chreming group

2009-10-05T13:49:00.000+01:00

LON:CHG - Chemring up 9% on the new of new contract with Kilgore Flare. Volume up 500%
A good buy if the share doesn't gap up or down more than 4% tomorrow.

Earnings reports

2009-08-26T22:32:00.002+01:00

Some shares with good earnings but lack volume...

Axis-Shield Interim Profits up +18% EPS up6.74p +136%

H & T Group Interim Profits up +28% EPS up 16.12p +48%

Admiral Group Interim Profits up +29% £ EPS ups 28.50p +4%

Aggreko Interim Profits up +23% EPS up 27.07p +58% (This had a breakout yesterday)

Hiscox Interim Profits up +42% EPS up 33.20p +53% - slowly drifting upwards...goes ex dividend next week

Share of Interest

2009-05-10T07:00:00.002+01:00

Heritage Oil (HOIL)

..major discovery in the Kurdistan region of Iraq...

Share on the rise. Oil sector is generally on rise on rising oil prices.

Share of interest...

2009-05-10T06:55:00.003+01:00

ISAT:

Profits up 23% in last quarter.

Recommendation from Goldman sachs . Has rised 7% on Friday after the recommendation.

May go up 20 to 30% from her....

Rally so far..

2009-05-10T06:51:00.002+01:00

In last 6 weeks, market have risen more than 25%. There is still debate about where this is a bull market or whether this is a bear market rally. People who got in early in this rally have made some heatlthy profits. Miners and finance sectors have seen the biggest gain.

There is still some steam in this market. However some correction might be around the corner which is good for this rally. Some correctin will help for the next leg of rally...

Ridge Mining

2009-03-26T22:42:00.002Z

..rally on bid news from AQP....both seems a buy after some pullback.

M&A SAATCHI

2009-03-26T22:37:00.000Z

Earnings breakout.

Advertising agency M&C Saatchi posted an annual profit of £14.1m, up 14% from the year before and said trading for the first three months of 2009 was in line with company expectations.

Long and Short

2009-03-26T22:28:00.002Z

Looking at the high volume breakout today, AQP and ENRC look convincing. Miners rallied on back of news from Rio that metal will rally in second half this year. Rio itself has doubled in last 6 months. These look a good bet for short to medium term.

BARC has trebelled in less than 1 month. Tomorrow's FT carried the headline that BARC will need raising cash soon. Time to short the stock.

British Gas - Earnings Breakout

2009-02-05T22:41:00.001Z

British Gas had a high volume breakout of more 10% on good earnings report. This could be a good buy if there is follow through...

Mothercare - Earnings breakout

2009-02-05T22:35:00.003Z

This share has rallied 40% in 3 months on earnings breakout. This is the kind of breakouts we should be looking for. Look at the smooth curve. It seems after a pause it starting its second leg up.

Autonomy and Wynnstay

2009-01-21T22:45:00.000Z

Search software specialist Autonomy made a strong finish to 2008, despite facing currency headwinds. Fourth quarter revenues rose to $145.4m from $111.1m in the fourth quarter of 2007, making full-year revenues $503.2m, versus $343.4m the year before. Profit before tax in the fourth quarter more than doubled to a record $70.5m from $32.9m, while full-year pre-tax profit jumped to $185.7m from $91.5m.

Welsh agricultural products supplier Wynnstay posted a 61% surge in pre-tax profit for the year ended 31 October 2008 after 'very strong trading' across its agricultural and retail activities. Pre-tax profit rose to £5.22m from £3.25m in the period on revenues that increased by 49% to £234.6m. Agricultural business revenue increased 52% and operating profit up 112%, while specialist retail arm rose 42% with operating profit rising 45%.

A new year Rally

2009-01-02T21:58:00.002Z

Today miners lifted FTSE but looking at the volume, the rise is not very convincing. Usually such low volume rallies are followed by a pullback or correction.

Only Logica, Antofagsta had slightly convincing volume.

Happy New Year

2009-01-01T22:49:00.002Z

I heard the saying yesterday on one of the radio channels "Optimist is one who welcomes the new year, pessimist is one who waves good bye to old year".

There is sense of optimisn in the air. Everyone seems to believe that the worst is over and buried with 2008. I guess this is the kind of optimism that is required to kick start the things. Even though there are still some negative signals but I think over next few coming months we will see market improving.

wish you all a Happy and Prosperous new year.

THE O'HIGGINS STRATEGY

2008-12-31T08:31:00.003Z

O'Higgins, a US fund manager, outlined his strategy in his book Beating the Dow.

The system is simple. Get a list of the 30 stocks in the index. Take the 10 highest-yielding stocks. Looking at these 10, invest equal amounts in the five stocks with the lowest share prices . Leave alone for a year. On the first anniversary of your selection, review the list again. Reinvest the portfolio plus the accumulated dividend income in the new selections. On the second anniversary do the same thing. And so on.

According to O'Higgins, shares selected according to his system had produced an average annual performance five percentage points better than the Dow Jones over the period from 1961 to 1995, when dividend income was included in the calculation. It doesn't work every year, but over time its results are impressive.

2009 List (prices as of close of 31 Dec 2008)

Standard Charted: 875p

HSBC Holding: (662p)

BP: (526p)

Barclays: (153.4p)

BT Group: (135.2p)

RBS was at number 3 in above list but has been excluded as they will not be paying any dividends this year.

Another list from FTSE 30, which is not based on the market capitilisation but average share price is

BT: (135.2p)

GKN: (97p)

ITV: (29.75p)

Ladbrokes: (185p)

Logica: (69p)

2008 list (price at start and end of year)

ITV: 85.4 - 39.75 = down 53%
BT: 272.75 - 135.2 = down 50.4%
GKN: 282 - 97 = down 65%
Logica: 117.75 - 69 = down 41%
Royal Sun & Alliance: 140.21 - 138.1 = down .7%

Grim outlook

2008-12-24T14:12:00.003Z

In UK the outlook is very grim. There are more and more companies going into administration. It was Woolworth earlier this month, yesterday Whittard and today Zavvi.

Most of the stores on the high street have started the Christmas sales very early this year. The consumers are just not willing to spend.

If this continues very soon we will have ghost town centers. There won't be many business left on the high street.

The house prices continue the downward spiral.

The banks are just not lending money to anyone though they are ready to give you credit card with 0% offer for 12 months.

Current theme is spend sensibly, stick to your current job and stop listening to Robert Preston. That guy makes thing sound really awful.
Listen to Johny Walker instead...

Comparison website

2008-12-17T09:47:00.003Z

Do you use comparison website to compare car insurance, best saving rate, energy or cheap mortgage rate? If yes then beware of the information you enter on these websites. Some of the small players can use your information to do a credit check even without your consent. Please note that these website are not regulated.

I also use these price comparison website but I tend to stick with market leaders and give fictitious information just to get an idea on the quote. Then I contact the insurance company or bank to get the deal.

Please note the business model these website use is that they get paid by the providers and not by the consumers.

New to investment?

2008-12-17T09:36:00.004Z

Are you thinking of investing (not saving) and are lost for options, then this is the book for you.

Please note that this book covers mostly UK stock market (FTSE). It starts with very basic of investing in stocks and then goes on to explain pros and cons of more complex investment options. Some of these options are available to only institutions investing big money.

What I liked about this book was the wealth of resources it provides. I would say everyone should read this book as it helps to clear your fundamentals.

High volume breakouts

2008-12-02T20:19:00.002Z

These are high volume breakouts today

RBS - after US broker Merrill Lynch resumed coverage with a “buy” recommendation and a price target of 93p.

Tesco - Third quarter sales better than expected especiallty in the current market conditions

British Airways - Merger talks with Quantas. Remeber they had been merger talks with Spanish carried Iberia in past.

In normal market conditions these shares would have been a good bet. In current market condition I would say "trade with caution".

BA has been on my watch list when it was 108p. I guess it might be too late now.

There will loads of opportunities to make money when market stabilises....

Value stocks

2008-11-13T09:27:00.002Z

These are some to the stocks from my watch list which have rallied 10% or more in last one week itself

British Airways
British Telecom
Vodafone
Marks & Spencer

These as still a good buy on some pullback. They are close to 52 weeks low. These are long term buys. I will be accumulation these in my ISA.

One common factor about these stocks is that all 4 companies are carrying out major cost cutting in next year or so.

From Morgan stanley

2008-11-04T22:32:00.000Z

..."Sentiment was boosted by a note from Morgan Stanley strategist Teun Draaisma who opined that “the severe part of the bear market is over, that there is value, but probably no hurry.” Draaisma abandoned his previously bearish stance after four main market indicators - valuation, capitulation, risk, and fundamentals - all came up as "buy" signals. "

Some pullback due...

2008-11-04T21:52:00.003Z

Markets around the world have rallied for 6 consecutive sessions. Such long rallies dont sustain very long without some pullback. Many beaten down stocks have rallied more than 50%. So expect some pullback and correction.

If you have bought stocks in last 6 days and have made more than 30% profit and have short term goal, it is time to book some profits. Poeple with long term goal must hold and buy more at every pull back.

Market is in confirmed bull rally mode.

Rebound

2008-10-13T22:19:00.002+01:00

Stock markets around the world rebound...this was highly expected after the Govt intervention over the weekend. However the weak economy concerns are still there....so you have to trade very cautiously in this uncertain time. Don't get carried away by today's move....such moves fade away very quickly. What was lacking today was volume....

Some high volume stocks on BSE
TCS
SBI
L&T
ICICI
Punjab LLyod
India Bulls real estate

Some high volume stocks on LSE
RIO
AAL
XTA
SSE
SVT
BLT
NXT
UKC
GOO
VED
NG
ANTO
TUI

As you can see, most of the stocks on LSE were energy stocks and defensive (Utilities stocks). No clear leader yet. Looks like this rally will fade away soon. Stocks are just gaping up after recent fall. Wait for good opportunity. There is no clear direction yet.

Market back in green zone

2008-09-02T22:48:00.003+01:00

Last 3 days have been very good. Low oil prices are helping to push the market up. Both BSE and LSE are in green zone.

Stocks to Watch on LSE
Greene Kings
All house builders - Persimmon in particular
Inchape
Ashtead group

Stock to watch on BSE
Bank stocks - HDFC in particular

Stock Picks

2008-08-28T22:24:00.002+01:00

Some growth stocks to pick in current volatile market

LSE
--------------
Cobham - Defence, US focused
G4S - security related, good earnings
Arriva - public transport, earnings on rise as more people use public transport, won major cross country contract earlier this year.
Cairn Energy: major oil exploration in Rajasthan India, will benefit from hig oil prices.

BSE
----------------
ONGC - Buying Imperial
Infosys - buying Axon
Tata motors - Soon to roll out Nano - worlds cheapest car
HDFC Bank - Fastest growing private bank.

Bullish rally

2008-08-11T23:07:00.002+01:00

For BSE, MM has been in green for last 3 sessions. So it is safe to trade here as long as MM remains in green zone.

For LSE, MM is slowly edging towards green...

stocks to watch for
Travis perkins
Wolseley
Carillion
BSS group

BSE Stocks to Watch

2008-08-06T22:31:00.001+01:00

KLG Systel
Union Bank
Trevini

Godfrey phiilps

LSE Stock watch list

2008-08-06T22:14:00.004+01:00

Lonmin - Bid approach from Xstara
Hunting
Aquarius Platinium
Collins Stewart
Johnston press
Debenhams
Jar Llyod Thompson
Spirent Commication

Is worse over?

2008-08-06T22:08:00.002+01:00

Last few weeks action seems to be suggesting that market has bottomed out and now is in rally mode. Some experts think that is bear rally however MM reading seems to be suggesting that this is turning out to be a bull rally. Figures have been turning to green slowly. Next couple of weeks will be crutial to support the current rally.

Tide about to turn

2008-08-04T22:21:00.002+01:00

MM for BSE is turning towards green. Get ready for some exciting time ahead.

Stock to watch for
Nav Bharat Ferr
Bata India
Maytas Infra
Hinduja TMT

LSE Stocks to Watch for
Imperial Energy
Punch Taverns
Mondi
Trinity Mirror

India second best for Investment

2008-08-03T06:45:00.002+01:00

From a financial news paper.....

" India is the second best country for business investment, a new survey of American corporate executives shows. Conducted by Development Counsellors International every three years, the "Winning Strategies in Economic Development Marketing" survey has tracked trends in economic development since its inception in 1996. This is the first year respondents were asked to rank the business favourablity of the world's 25 largest countries (based on GDP). Of the 281 corporate executives who responded, 53.1 per cent named China as the most favouable country followed by India (45.1 per cent), Mexico (30.1 per cent), Britain (25.4 per cent) and Canada (22 per cent). The corporate decision-makers who named India as the best for investment cited the country's labour force - including its supply, skill level and cost 65 per cent of the time as the reason for their positive perceptions. "

Recovery on way

2008-07-30T22:27:00.002+01:00

Market seems to be in recovery mode. MM figures are slowing turning towards positive side.

Stocks to wat on BSE
SEl Manufacturing
Punjab Lloyd
Sterling Biotech

Stocks to watch on LSE
AKT

LSE - Stocks to Watch

2008-07-23T23:14:00.001+01:00

MONY
HBOS

LSE

2008-07-22T23:14:00.002+01:00

Stock poised to bounce
Vodafone

Stock to rally further
BGC

Singh is King

2008-07-22T22:42:00.002+01:00

Indian Govt has won the majority vote by a narrow margin. Market was expecting this and has already priced in this news in last 4 sessions. Market is up more than 10% in last 4 days.

Now political uncertainty is out of the way, issues like interest rate, inflation will weigh on the equity prices.

MM numbers are improving which is good sign. Next fews days would be crutial to see if market can hold on to gains. Banking sector is the one to watch.

Stocks to watch
Cipla
Punjab Chemicals
United Spirit
Maruti

BSE - Political uncertainty?

2008-07-20T22:03:00.002+01:00

22 July is very critical for ruling government, country, stock market and economy. If the government looses the confidence vote, many projects will be shelved which is bad news for the economy and the market. However if they win, things will gain pace and it could be completely different story....

LSE - Start of New Rally?

2008-07-20T21:54:00.002+01:00

...may be. Too early to say that. The ratio's are turning postive. Financials and house builder stocks have rallied on back of postive earnings news and falling oil prices. Currently market is so volatile that it takes one bad day for oil for these stocks to loose all gains. Some of the housing stocks have doubled in less than one week. They may under go a minor pullback at that stage before they continue the next leg.

Stocks to watch (for bounce)
BVLN

Stock to watch for further rally
ADN
AMS
BGC
DCA

Fear and Investment

2008-07-19T06:49:00.002+01:00

In a falling market, an invetsor needs to keep his cool and make rational decision while investing. I came accross this very good article on Fear and Investment by financial journalist Tom Stevenson.

Stocks to watch

2008-07-16T22:37:00.003+01:00

BSE
Ranbaxy

LSE
ICAP - Earnings news
Trinity Mirror
DDC
BKY
Arriva

Bounce expected...

2008-07-15T22:18:00.002+01:00

BSE MM is showing extreme reading which means a bounce is imminent at this stage. However there is little clue if this will sustain. So stay clear as of now.

Stocks to watch
HDFC bank
Ranbaxy labs

Market Update

2008-07-14T22:37:00.002+01:00

Market remains volatile. BSE ended low after all ups and down.

LSE rallied helped by M&A news.

Stock to watch for - ITV : possible candidate for takeover.
Playtech - new contract.

LSE Market Update

2008-07-10T22:45:00.002+01:00

LSE is now in bear zone. FTSE is down 20% from 12 months. This by defination is bear teritory. Being on the sideline is safe bet. Also market monitor is in red zone.

Stocks to watch for rebound
Aveva
Thomas Cook

Stocks that may rise
EBT China
Experian

Stocks that are highly like to undergo some correction(possible short)
All house builders - some of them have rallied 50% in last 2 sessions.

BSE Update

2008-07-09T23:03:00.002+01:00

A reflex bounce today, closing short positions and bargain hunters out, falling oil prices and political unstability already priced in. However things will be different tomorrow. Dow is down 2% today and this will have its effect on BSE.

Stock to watch : Godrej industries.

Market update

2008-07-07T22:32:00.002+01:00

Market seems to be improving slowly. MM reading are still in red.
There are no signals for BSe

For LSE, stocks to watch are Stagecoach (earnings), Arriva and First group. With rising oil prices these companies earnings are expected to improve as more people will take to public transport.

LSE Market update

2008-07-06T22:39:00.003+01:00

MM is in red zone. Though 3 months and 1 month are showing extreme reading so expect some bounce at this stage.

BSE Market update

2008-07-06T22:29:00.002+01:00

Market is still in red zone. It is too early to say that market has bottomed out. 65 days is showing extereme reading. so some bounce at this stage is likely. Time for day traders to make some killing. Long term and persioner, sty away.

Stocks to Watch
EP: Alstom, Godrej Ind,
DT: Orchid chemicals

MDT: Ranbaxy, Orchid Chemicals

LSE Market Update

2008-07-02T22:40:00.003+01:00

Market is in red zone. A short term bonce is likely but medium to long term, it is bearish.

Marks and Spencer - likely to bounce.
Netplay
Chromex mining
Informa
Astrazenca

Bullseye!

2008-07-02T22:12:00.003+01:00

As expected, there was a reflex bounce on BSE. But looking at the market monitor, there is not much conviction behind the rally. So chance of rally failure are highly likely unless we see follow through days in next 3 to 5 days. It is too early to say that market has bottomed out.

Stocks to watch
Tata power
Gwalior Chemicals
Jindal Drilling and Industries
Lupin Chemicals
Satyam Computer Service
Mastek
I-Flex

BSE Market Update

2008-07-01T22:23:00.003+01:00

Market has deteriorated to such a level that a reflex bounce seems imminent at this stage.

There are no stocks to watch due to poor market market conditions

BSE Market Update

2008-06-29T22:13:00.002+01:00

Market condition has detoriated. At this moment there are no support nor there are any signs of recovery. There might a short term bounce either due to profit booking on short positions or bottom fishers. Inflation is major cause of concern at the moment.

Wait for signs of recovery before diving in again. Companies with no debt on their balance sheet are doing well. This includes IT giants and pharmacetuicals.

Stocks to watch
Geometric software

BSE Market Update

2008-06-25T22:45:00.002+01:00

A expected bounce after few down days. However number of stocks up 4% on high volume is very low. It shows the nervouness is still there in the market.

Stocks to watch
Spice communications
South India corp
Goldstone Technologies

Market update

2008-06-24T22:34:00.002+01:00

BSE is in confirmed red zone. Staying on the sideline is best policy for the moment.

There are no signals due to the market conditions

Market update

2008-06-12T21:50:00.002+01:00

MM is still in red. There was some bounce back but major stocks are still down.

Fertizers, Chemicals and Pharma stocks seems to be doing good in these uncertain times.

Stocks to watch

Ranbaxy,
Lupin
Spice Communication

BSE Market update

2008-06-09T22:58:00.001+01:00

After a panic selling, bargain hunters will be now dominating the market in short term. So expect some bounce in the next trading session.

Stocks to watch
Cairn India
Lupin Chemicals.

Amibroker - LSE Data - problem solved

2008-06-06T22:45:00.002+01:00

I have fixed the issue with LSE data. So I will start updating LSE data henceforth.

LSE - Stock to watch

2008-06-06T13:20:00.002+01:00

PFL.L - Premier farnell - They have profits up 37% in last quarter! This stock has potential to run 100 to 200% or may be more.

Other to watch for

DSG -
Rentokil

Pullback???

2008-06-05T22:30:00.003+01:00

As expected a short term bounce but overall market is bearish....

Stocks to watch
Tata Power
Paradyne Infotech
Borax Morarji
RayBan Sun Optics
Chambal Fertilizers
Infosys
Satyam Technologies
Wipro
Dr Reddy's lab

Market update

2008-06-04T22:24:00.002+01:00

Market seems to have nose dived. What a chnage in confidence a Rs5 hike in petrol can do. Govt of India have increased the Petrol, Diesel and LPG prices. But people in India fail to understand that is global phenomenon but they are taking it personal against the govt. The price hike has given rise to the speculation that the other parties may withdraw support and we may have early electons. Market usually over reacts to polictical uncertainty but I think long term investors should stay in the market. There are some good bargains available. Look at companies with high yield. Investing regularly in these companies at regular intervals will pay off in long term.

I am in long term here....

When it rains...

2008-06-02T22:48:00.002+01:00

...it pours in India. This is what it sums up the action on the stock exchange today. Fear of the government collapse lead the panic selling. The ratios have been slowly turing slow towarrds red but today action was a major blow. There might be small bounce in short term but long term the market monitor is turing bearish.

Stocks to look for

2008-05-29T22:25:00.002+01:00

BSE
================
Bihar Tubes

LSE
=============
EMG - Profits up 60%

BSE Market Update

2008-05-27T22:24:00.002+01:00

Ratio's in market are slowing turning towards red side. Loads of factors: negative sentiments, profit booking, high inflation, rising oil prices; all are having effects on the share prices.

However few sectors are emerging as winners in this. First because of weak rupee, IT sector is doing good. The other is Pharma which is usually a safe bet in uncertain times.

Sleeping Giant

2008-05-24T22:27:00.004+01:00

After underperforming for a long term, Japan might be waking up. Nikkie has rallied 15% in last 2 months. More fund managers are now putting money in Japanese stock market. Could this be the next destination for investors after BRIC???

Bear or Bull?

2008-05-24T22:09:00.000+01:00

Worries about about high inflation is taking its toll on the market. Last few weeks inflation has been on the rise. Also the goverment is proposing to hike petrol prices by Rs 10 which is almost 20% hike. Now this will push up prices of almost everything in India as road transport is one of the most widely used mode of transport. This will squeeze the spending power of the consumers.
Looking at last few weeks data, market has a support at around 16500 and resistance at 17100 to 17300. As it is hitting the support level, there are high chances that market will rally a bit start of next week. Swing traders can make a killing here.

BSE Market update

2008-05-18T22:54:00.002+01:00

Market still is in green zone. There has been some pull back recently after some strong rally but most of the stocks seems to be holding gains and moving up in steps.

Some stocks to look for....

Assam company
All technology shares; Wipro, Infy, TCS and some small not nery popular companies like omnitech
Transworld International
Gujrat NRE Coke
Bombay Dyeing
McLEod Russel

LSE Market update

2008-05-18T22:49:00.002+01:00

I am not posting any updates for LSE as I think free data from yahoo for Amibroker is not very reliable. In recent weeks some stocks have shown unusal spikes. There seems to be no explantation other than bad data. I am looking for some pther source of reliable data but it is not free.

Blog updates

2008-05-18T22:38:00.001+01:00

Due to various personal commitments, I am not getting time to update the blog. I will resume the udpates very soon.

LSE Market Update

2008-05-06T23:04:00.003+01:00

No candidates for any scans due to market condition. MM is still in green but I doubt the free data from yahoo for 30 days ratio. I am looking for a reliable souce of data.

BSE Market update

2008-05-06T22:44:00.002+01:00

Market is hitting a resistance level at this stage but MM is still in green zone.

EP Candidates:

505190 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=505190
517146 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=517146
522183 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=522183
530951 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=530951
--
532478 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532478
532797 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532797

BSE Morning update

2008-05-02T07:33:00.004+01:00

I am off today hence I am making this post early today.

Morning update:

BSE is racing ahead. If you look at MM for last few weeks, we have been in green zone and this is confirmed by the 15% rally in BSE. MM has been really usefull and it has helped me to stay in market even though many high flying analyst from Bombay have been very bearish about this rally. What is good about the recent rally is that is slow and steady unlike last year. Most of the stocks are holding gains. Also global cues that worst about credit crisis might be over is helping.

Last few weeks Banking, reality and tachnology stocks have made some healthy gain. For someone wiliing to invest in technolog stock, you can invest on some pullback. Most of these companies had good earnings. Banking stocks like ICICI, HDFC, BOI and SBI are doing good. So keep an eye for some pull back.

LSE Market Update

2008-05-02T07:27:00.002+01:00

Even though MM is in green zone, market seems to be stalling i.e. it is opening higher but then really struggling to race ahead and closes just very near to previous days closes. Last night there were 0 points gains. Now this is very rare also bit worring at the same time. Stalling is usually followed by a bear rally. Lots of neagtive news about housing market and higher fuel and food prices are also impacting the sentiments to some extent.

Due to above market conditions there are no candidates for either DT or EP scans.

BSE Market update

2008-04-30T23:03:00.001+01:00

EP Candidates:

522205 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=522205
526733 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=526733
532313 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532313
532343 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532343
532694 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532694
532891 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532891

DT Candidates: None

BSE Market Update

2008-04-29T22:20:00.003+01:00

After a brief pause, the market rallied today on news from RBI to hold the rates.

DT Candidates:
------------------------
531439: http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=531439

EP Candidates:
==============================================

503873 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=503873
517562 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=517562
519560 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=519560
532628 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532628
532798 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532798
500376 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=500376
532755 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532755
500020 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=500020
500295 http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=500295

Mostly technology shares. These shares have been rallying on positive earnings news. However these companies rely on earning from US and europe and are also affected by currency fluctutaion.

Focus: None

BSE Market Update

2008-04-28T22:37:00.002+01:00

EP Candidates:
=================

531680
500356
524552
522074
519560
500155
500043 - BATA
530075
522064 - HONDA SIEL
532318
532711 -
500253 - LIC

DT Candidates

Market update

2008-04-27T22:19:00.002+01:00

Due ot market condition, there were no candidates for either scan on Friday for LSE.

For BSE
DT Candiates: 532454: Telecom - earnings suprise.

BSE Market Update

2008-04-24T23:07:00.002+01:00

EP Candidates:

503873- http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=503873
507813 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=507813
523586 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=523586
532432 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532432

DT: None

LSE Market update

2008-04-23T22:58:00.003+01:00

EP Candidates:
ITK - return to profits
MLH - bid offer
ACMG - earnings above expectations
DNX - discovery of new oil well. Riding on rising oil prices. 12 month high.

DT:
BOR

BSE Market update

2008-04-23T22:14:00.003+01:00

Market rally seems to be stalling a bit but the MM is still more on the green side. Keeping margins tight at the stage will be a good idea.

DT Candidates:
None

EP Candidates:
500109 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=500109
500870 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=500870
521030 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=521030
523144 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=523144

None of interest

LSE Market update

2008-04-22T22:49:00.002+01:00

EP:

FKI
MRO

MRO agrees to takeover FKI. Both shares rallied

DT: None

BSE Market update

2008-04-22T22:42:00.002+01:00

EP Candidates:
531683 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=531683

DT Candidates

532725 - http://portfolio.rediff.com/money/jsp/quote_process.jsp?query=532725

BSE Market update

2008-04-21T22:00:00.004+01:00

LSE Market Update

2008-04-15T22:42:00.002+01:00

I am having difficulties with the EOD from yahoo. Some stocks data hasn't been updated correctly. I tried backfilling using MSN but no joy.

MM is in green zone.

DT: TLW
EP: DEMG, CDN, RPT

BSE Market update

2008-04-15T22:28:00.003+01:00

BSE avoided the worse day yesterday as it was closed due to bank holiday in India. Markets around the world melted on back of GE news. But what a start today. Earnings season started with a positive note from Infosys, India's largest IT service company. All IT companies stock rallied on postive news. Market monitor maintains its march towards postive zone.

EP candiates: 506685, 530075, 532494 (technology stock, new product), 524372 (3rd EP in last 5 days), 500359 (pharma stock, tie up with AstraZeneca, 12 months high)
DT: 511147, 500134

Market update

2008-04-10T22:12:00.002+01:00

LSE
=================
EP Candidates: MPLE, ENO - Bid approach for 260p stock rallied to gap up
DT Candidates: VPC

BSE
================
None

Market update

2008-04-09T22:25:00.001+01:00

No candidates in todays scan either BSE or LSE

MM edging towards green.

Market Update

2008-04-08T22:26:00.002+01:00

MM even though fluctuating between green and red zone is showing an interesting emerging trend. Stocks up 25% in 65 days is slowly moving towards positive zone. It is already green for London stock exchange and is moving towards green for Bombay stock exchange. Watch this space.

There is some issue with the LSE data on my machine. Hence partially updated MM for last two days. Also it is showing false signals for various scans for last two days. Hence no update here.

BSE
============
EP: 509715, 524372, 532654
DT:524372, 532765,

Market Update

2008-04-03T22:29:00.002+01:00

BSE
==============
EP: None
DT: 532799 - This has 2 EP signals in past 4 days.

LSE
===================
DT: None
EP: Mostly penny stocks. AFCR had EP in last 4 days. so not a good candidate any more.

Market update

2008-04-02T21:43:00.003+01:00

Bombay Stock Exchange
=====================
EP Candidates: 501379, 531795, 532799, 532804
DT Candidates: 501379, 516078

London Stock Exchange
===================
EP Candidates: HUA - bid approach, stock has gapped up close to bid price. So not a good candidate any more. (many penny stocks and stocks which had EP is recent few days e.g. AFCR)
DT Candiates: CHL, CIU, RRS

Market update

2008-04-01T22:29:00.002+01:00

Start of new quater, new financial year and looks like spring has finally arrived. MM has been edging towards green zone for last few days. This could be start of a good trading period. Next few days would be crutial. Watch this space.

Bombay Stock Exchange
================
DT Candidates: None
EP: Candidates: 518051, 532395, 532665

London Stock Exchange
================
EP Camdidates: GCAP, AFCR
DT Candidates: CFM, SMT

Market update

2008-03-31T22:36:00.002+01:00

BSE
===========
EP Candidates: None
DT Candidates: 507552, 532395, 532845

LSE
================
EP Candidates: AFCR, SOLG, VOG, ROC
DT Candidates: SLV, HGM

Market Update

2008-03-30T22:22:00.002+01:00

MM is slowing edging towards green. In past rallies have failed due to very volatile market. It takes a small negative or positive news to turn things around.

BSE
=============
EP: 532799 509709
DT: None with high volume.

LSE
==================
EP:ROC
DT: PDT