Today’s Support : 2723—-2712 Once Breaks 2712 with volumes….watch panic selling and it will crash to kiss 2677–2667 level in hrs only. Hurdles :2792—–2811 lev
Buy REC on declines with stop loss of Rs 75 for a target of Rs 100.
Buy Century Textiles & Industries Ltd only on declines with a stop loss of Rs 155 for short term targets of Rs 195-200.
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Corporate News Headline
Reliance Capital reported Q3’09 results, total revenue increased 38.36% yoy to Rs. 15.7 bn, and net profit rose 13.34% yoy to Rs. 1.32 bn. (ET)
Hero Honda reported Q3’09 results, total revenue increased 4.63% yoy to Rs. 29.25 bn, and net profit rose 9.23% yoy to Rs. 3 bn. (BS)
NTPC and Coal India Limited have decided to sign an agreement to always maintain 75% fuel supply for the Company. (ET

Economic and Political Headline
The Central Electricity Regulatory Commission has increased the Return on Equity (ROE) for the power companies to …

Buy HCC above Rs 46.30. Stop loss of Rs 43, target of Rs 50.5-Rs 51.6-Rs 54.9. (Intra-day/Positional Call)
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Corporate News Headline
Jaiprakash Associates reported Q3’09 results, total revenue increased 44.42% yoy to Rs. 14.47 bn, and net profit rose 6.23% yoy to Rs. 1.66 bn. (ET)
Cairn India has received government approval to commercially develop three oil and gas discoveries in Kameshwari West and a new development area of 822 square kilometres in the northern appraisal area of Rajasthan blocks. (ET)
Unitech has repaid or rescheduled about three-fourth of the Company´s debt worth Rs. 25 bn to be paid by March 2009. (BS)
Economic and Political Headline
The government may decide on …

Currency: USDINR TGT 1 achived at 48.60 .. protect profit at 48.75

 Positional call : Buy SUN PHARMA 1125 S/L 1100 TGT 1179 IN FUTURES…!!!
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Corporate News Headline
• Bajaj Auto reported Q3’09 results, total revenue went down 16% yoy to Rs. 21.03 bn, and net profit declined 23% yoy to Rs. 1.64 bn. (ET)
• Jindal Steel & Power’s subsidiary Jindal Petroleum has signed four production sharing contracts with the government of the Democratic Republic of Georgia for exploration and production of four blocks of oil and gas and will invest USD 150 mn in phases in these blocks. (ET)
• Gail India may get exclusive marketing rights for the distribution of the natural gas produced by …

I’m extremely sorry as I’ve not been able to do justice for the blog so far. I’ve been a bit busy with my professional work, which takes up most of my time.
Please read the post How Much I Have Made From The Market So Far for latest updates.
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** NOTE : This Post is Updated weekly or Once in TWO weeks. **
18 / 01 / 2009
“Nifty PUT OptionIDX- 2800, Jan 29th Exp” - Bought 1000 shares at an avg price of 52rs / share and sold 1000 at an average price of 132. After transaction charges are waived off, i made a profit of around 70 / share. Total profit of around 70,000 rs.
Nifty CALL OptionIDX- 3200, Jan 29th Exp - 1500 @ Avg price of 11 ( Current value Rs - 4.45 )  ~ 16,500
Canara Bank …