Future Capital Holdings application status

To find out the application status of Future Capital Holdings Limited, do click at the following link :

Future Capital Holdings

Then click on Check Application Status
Click on Select and pick up Future Capital Holdings Limited
Select the Application Status radio-button
Type in the text box your Application Number
And lastly click the Submit button
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Stocks in Equity

Movement of stocks in equity section in NSE on the 30th January 2008 is as follows:
Top Gainers

Symbol	Open Price	High Price	Low Price	LTP	Prev Close	% Change	Total trd qty
HORIZONBAT	142.35	142.35	142.35	142.35	118.60	20.03	2500
RJL	101.00	116.90	100.00	113.25	99.70	13.59	141888
GEOINFO	173.95	205.35	173.95	188.45	171.10	10.14	163210
HTMEDIA	187.00	210.00	183.50	200.75	182.30	10.12	23965
SELMCL	203.30	215.55	197.00	215.55	195.95	10.00	197509
SUNPHARMA	1075.00	1169.90	1018.00	1154.90	1062.40	8.71	524549
PPAP	92.00	106.50	91.60	99.85	93.20	7.14	295263
TATAMETALI	158.00	175.70	158.00	173.80	162.55	6.92	199790
ASIANPAINT	1110.00	1200.00	1100.00	1181.75	1107.80	6.68	25202
AROGRANITE	93.95	100.00	85.00	94.00	88.30	6.46	14487

Top Losers

Symbol	Open Price	High Price	Low Price	LTP	Prev Close	% Change	Total trd qty
SOMANYCERA	72.00	72.00	64.15	64.65	73.85	-12.46	4023
AUROPHARMA	374.10	389.00	329.00	332.75	378.85	-12.17	231316
VINDHYATEL	176.95	176.95	155.10	159.45	180.00	-11.42	318
ELECON	270.00	270.00	233.25	239.10	269.30	-11.21	360370
STAR	182.05	182.05	160.15	162.05	182.05	-10.99	122550
ADORWELD	209.00	209.35	192.30	195.30	219.10	-10.86	19000
ALKYLAMINE	117.00	117.00	97.10	99.05	110.50	-10.36	1675
NIITTECH	150.35	152.00	133.10	135.15	150.35	-10.11	617438
FTCSF5YGRO	34.95	34.95	28.85	28.85	32.05	-9.98	48843
FTCPOF3YGR	92.00	100.95	82.60	82.60	91.75	-9.97	14994

Top Gainers - Nifty

Symbol	Open Price	High Price	Low Price	LTP	Prev Close	% Change	Total trd qty
SUNPHARMA	1075.00	1169.90	1018.00	1154.90	1062.40	8.71	524549
ZEEL	264.35	278.00	258.00	273.30	261.95	4.33	2064194
BHEL	2081.00	2122.20	2044.75	2091.90	2051.45	1.97	828753
SAIL	218.00	225.00	214.00	219.55	216.30	1.50	10915612
TATASTEEL	716.00	740.00	710.05	723.30	715.20	1.13	1350553
AMBUJACEM	118.80	119.65	116.00	118.55	117.25	1.11	1614905
ACC	793.50	806.00	779.30	799.10	793.00	0.77	452135
PNB	667.00	675.00	651.00	670.75	665.95	0.72	791736
HDFC	2803.70	2920.10	2795.00	2884.15	2864.00	0.70	353241
TATAPOWER	1312.00	1340.00	1261.00	1316.75	1311.55	0.40	660689

Top Losers - Nifty

Symbol	Open Price	High Price	Low Price	LTP	Prev Close	% Change	Total trd qty
SUZLON	345.00	345.00	316.00	319.05	342.75	-6.91	4460395
HINDUNILVR	209.10	217.00	194.05	195.85	208.85	-6.22	1232694
RPL	173.00	173.00	160.00	161.05	171.45	-6.07	19050710
REL	2123.00	2123.00	1975.00	1995.00	2113.00	-5.58	1962447
BPCL	382.00	382.00	351.10	359.40	380.50	-5.55	323981
VSNL	520.00	524.00	487.55	496.75	525.80	-5.52	369019
ONGC	1030.00	1060.00	959.05	968.25	1019.80	-5.05	1076709
NTPC	213.50	217.50	200.00	201.60	211.55	-4.70	9383162
RCOM	644.95	658.00	608.10	612.40	641.10	-4.48	5159616
BAJAJAUTO	2380.00	2380.00	2220.00	2266.45	2368.60	-4.31	131241

Top Gainers - Junior Nifty

Symbol	Open Price	High Price	Low Price	LTP	Prev Close	% Change	Total trd qty
ASIANPAINT	1110.00	1200.00	1100.00	1181.75	1107.80	6.68	25202
LUPIN	521.95	548.00	515.00	544.85	514.60	5.88	333414
RAYMOND	345.00	374.00	328.50	364.25	345.35	5.47	101394
NICOLASPIR	296.00	332.00	296.00	310.20	296.20	4.73	209704
CORPBANK	354.00	371.75	342.00	363.05	352.90	2.88	162977
ULTRACEMCO	885.00	885.00	857.20	879.80	870.45	1.07	40067
CUMMINSIND	336.00	345.00	315.60	335.40	333.30	0.63	109988
INGVYSYABK	307.00	313.00	307.00	309.65	309.20	0.15	10686

Top Losers - Junior Nifty

Symbol	Open Price	High Price	Low Price	LTP	Prev Close	% Change	Total trd qty
AUROPHARMA	374.10	389.00	329.00	332.75	378.85	-12.17	231316
SYNDIBANK	104.90	106.90	93.50	95.40	102.90	-7.29	1555231
I-FLEX	1056.00	1075.00	995.00	1002.55	1075.20	-6.76	28709
IDBI	125.00	125.00	114.00	115.40	123.75	-6.75	5017181
JPASSOCIAT	373.00	373.00	347.10	350.35	371.50	-5.69	6591962
RELCAPITAL	2040.00	2070.00	1905.55	1939.55	2053.15	-5.53	1386200
TVSMOTOR	44.00	44.00	41.05	41.40	43.75	-5.37	1002504
GMRINFRA	190.00	190.00	174.20	176.20	184.40	-4.45	5010885
LICHSGFIN	306.70	309.90	291.00	293.05	306.70	-4.45	561674
CHENNPETRO	310.00	317.75	295.40	297.35	311.05	-4.40	287834

........................... Click here to read more!

Stocks on Breakdown

Stocks on breakdown after trading on 30th January 2008 are as follows :

NSE Code	Close	% Ch	2 day Swing	5 day SWING		20 day Swing	Previous		Mov. Av.		RSI		ADX
				Entry	Action		Sup	Res	20d	50d	5d	14d
ARROWGROUP	65.55	-5.00%				Exit	67	98	81	64	14	40	31
ASIANELEC	430.55	-8.88%				Buy > 590	460	527	491	463	32	42	19
BANKBARODA	392.25	-3.79%				Buy > 501	396	450	438	417	35	42	32
BPCL	359.40	-5.55%				Buy > 557	363	444	440	434	17	32	21
DHAMPURSUG	67.70	-4.24%				Buy > 108	70	77	88	81	10	30	28
EDUCOMP	3648.75	-7.93%				Buy > 5679	3700	4300	4416	4101	31	40	34
EMKAY	274.95	-5.08%				Exit	276	335	336	294	19	37	35
GANDHITUBE	216.65	-3.48%	Exit	----	Buy > 241	Hold SL 200	219	241	229	212	41	47	21
GEMINI	183.40	-7.91%				Buy > 309	193	209	244	229	28	36	26
HINDSANIT	63.35	-9.95%				Buy > 104	64	76	80	80	27	35	27
KCPSUGIND	21.15	-4.73%				Buy > 35	22	24	28	24	18	34	31
LITL	483.15	-8.87%				Buy > 840	491	565	664	656	31	35	34
LOGIXMICRO	210.15	-4.74%				Buy > 375	211	263	288	319	18	28	39
MAHABANK	77.40	-3.97%				Buy > 97	78	87	83	81	38	44	27
MAHLIFE	635.90	-6.85%				Buy > 878	650	745	766	760	32	39	34
MAHSEAMLES	391.20	-5.53%				Buy > 660	403	460	513	542	25	30	40
MORARJETEX	49.05	-4.94%				Buy > 77	49	52	58	0	33	40	31
MSPL	52.85	-4.95%				Buy > 89	53	59	67	68	21	33	21
NAHARINVST	28.25	-3.25%				Buy > 55	29	31	40	38	16	31	37
ONWARDTEC	27.90	-3.79%				Buy > 52	29	42	38	38	13	26	31
PENINLAND	89.80	-6.46%				Buy > 167	90	103	127	133	33	37	20
PIDILITIND	172.55	-4.96%				Buy > 202	173	186	180	188	41	43	21
PRECOT	120.85	-6.32%				Buy > 199	123	140	150	148	26	34	29
PTL	139.00	-4.89%				Buy > 181	141	159	159	153	23	38	22
RCOM	612.40	-4.48%				Buy > 845	614	676	712	715	32	36	31
REVL	250.25	-3.68%				Buy > 370	251	297	293	296	30	36	26
RIIL	1727.15	-4.16%				Buy > 2936	1750	2458	2245	2083	18	34	22
ROLTA	247.40	-7.44%				Buy > 385	256	300	321	341	25	31	33
SHREYAS	85.15	-4.06%				Buy > 159	86	115	118	112	24	34	37
SHRINGAR	77.35	-4.39%				Buy > 135	78	89	104	105	29	35	32
SPARC	94.30	-4.89%				Buy > 163	95	110	125	125	17	30	32
TFL	31.30	-4.28%				Buy > 56	32	36	41	39	8	28	30
TVSMOTOR	41.40	-5.37%				Buy > 79	42	45	59	65	19	26	36

Importance of charts

No algorithm or trading system can substitute visual inspection of chatrs. Algorithms, can at best, only make filtering easier. Since there is always a risk of loss in stock markets, any trading decision must be taken only after detailed study of charts.

Buy and Sell signals

These are generated using custom designed swing trading algorithms. As one can never know with certainity the extent of gains or losses, the concept of trailing stoplosses is used.

If a stock is in a downtrend, a buy signal is generated if the stock closes above it's "N" days highest high. The trailing stoploss is the "N" days lowest low and will change everyday till an exit is given. Here "N" refers to 2 or 5 or 20 days. Obviously a 2 day swing will generate more signals than a 20 day swing. For best results, use the 2 day or 5 day swing to buy only if the stock is trading above the 20 day swing low.

The methodology is similar moving averages / crossovers. The advantage is reduced whipsaws and more efficient stoplosses.

Above signals work best with trending stocks and are useless with rangebound stocks.

Rangebound trades, whipsaws and false signals

All technical indicators will fail in rangebound stocks / markets and will generate whipsaws and false signals.

Whenever a swing trade results in a loss, it means the stock is rangebound. At this point, one should study the chart and identify areas of support and resistance. Only a break above these levels will create a new trend.

Support and Resistance levels / targets

This is nothing but a "peak" and "trough" based on 5% change. These levels form the basis for calculation of targets.

A break above a "peak" gives a resistance break. Similarly a break below a "trough" generates a support break.

Targets are calculated using Fibonacci retracements.

UP targets = Support + X *(Resistance-Support)

DOWN targets = Resistance - X *(Resistance-Support)

Where X equals 0.382 or 0.5 or 0.618 or 1.618 or 2.618

Depending on formation of support and resistance, targets are automatically calculated. Because of the methodology adopted, it is normal for the stock to trade significantly higher than the target. Once the stock corrects, the new "resistance" is defined and targets automatically calculated.

Oversold and overbought stocks

Interpretation of this is difficult and shd be done in the context of the prevailing trend.

Overbought means great strength. It does NOT mean stock will correct immediately. It is normal for a stock to remain overbought for considerable periods of time.

Oversold means great weakness. It does NOT mean stock will rally immediately. It is normal for a stock to remain oversold for considerable periods of time.

In an uptrend, oversold stocks present a good buying opportunity near supports (buy on declines). In a downtrend, one shd exit overbought stocks (sell on rallies).

Intraday support and resistance levels

This is for daytraders only and can be unreliable due to freak trades.

• Pivot point = P = (H + L + C)/3
• First area of resistance = R1 = 2P - L
• First area of support = S1 = 2P - H
• Second area of resistance = R2 = P + (R1-S1)
• Second area of support = S2 = P - (R1-S1)

----- With due apologies and full credits to vfmdirect.com
........................... Click here to read more!

Stocks on Breakout

Stocks on Breakout after trading on 30th January 2008 are as follows :

NSE Code	Close	% Ch	2 day Swing	5 day SWING		20 day Swing	Previous		Mov. Av.		RSI		ADX
				Entry	Action		Sup	Res	20d	50d	5d	14d
BLKASHYAP	1846.65	4.20%				Buy > 2080	1725	1845	1836	1844	63	52	22
CMC	878.00	3.81%				Buy > 1470	787	874	1078	1096	47	38	38
GEOINFO	188.45	10.14%				Buy > 282	135	175	195	204	66	48	19
IMPEXFERRO	21.50	4.62%				Buy > 34	18	21	24	24	55	44	22
INDOCO	274.05	3.73%				Buy > 365	254	269	292	298	57	43	27
KRBL	135.35	5.00%	Hold SL 124	135	Buy SL 111	Hold SL 109	109	133	146	127	58	50	34
MANGTIMBER	29.30	3.17%				Buy > 43	25	29	33	35	49	37	25
MUKTAARTS	163.85	3.90%				Buy > 242	141	164	188	189	47	41	30
RAYMOND	364.25	5.47%				Buy > 471	280	360	383	401	60	47	33
SKUMARSYNF	134.15	5.96%				Buy > 171	90	130	143	150	56	46	33
WSI	111.35	5.00%				Buy > 146	90	107	115	109	62	51	21

Importance of charts

No algorithm or trading system can substitute visual inspection of chatrs. Algorithms, can at best, only make filtering easier. Since there is always a risk of loss in stock markets, any trading decision must be taken only after detailed study of charts.

Buy and Sell signals

These are generated using custom designed swing trading algorithms. As one can never know with certainity the extent of gains or losses, the concept of trailing stoplosses is used.

If a stock is in a downtrend, a buy signal is generated if the stock closes above it's "N" days highest high. The trailing stoploss is the "N" days lowest low and will change everyday till an exit is given. Here "N" refers to 2 or 5 or 20 days. Obviously a 2 day swing will generate more signals than a 20 day swing. For best results, use the 2 day or 5 day swing to buy only if the stock is trading above the 20 day swing low.

The methodology is similar moving averages / crossovers. The advantage is reduced whipsaws and more efficient stoplosses.

Above signals work best with trending stocks and are useless with rangebound stocks.

Rangebound trades, whipsaws and false signals

All technical indicators will fail in rangebound stocks / markets and will generate whipsaws and false signals.

Whenever a swing trade results in a loss, it means the stock is rangebound. At this point, one should study the chart and identify areas of support and resistance. Only a break above these levels will create a new trend.

Support and Resistance levels / targets

This is nothing but a "peak" and "trough" based on 5% change. These levels form the basis for calculation of targets.

A break above a "peak" gives a resistance break. Similarly a break below a "trough" generates a support break.

Targets are calculated using Fibonacci retracements.

UP targets = Support + X *(Resistance-Support)

DOWN targets = Resistance - X *(Resistance-Support)

Where X equals 0.382 or 0.5 or 0.618 or 1.618 or 2.618

Depending on formation of support and resistance, targets are automatically calculated. Because of the methodology adopted, it is normal for the stock to trade significantly higher than the target. Once the stock corrects, the new "resistance" is defined and targets automatically calculated.

Oversold and overbought stocks

Interpretation of this is difficult and shd be done in the context of the prevailing trend.

Overbought means great strength. It does NOT mean stock will correct immediately. It is normal for a stock to remain overbought for considerable periods of time.

Oversold means great weakness. It does NOT mean stock will rally immediately. It is normal for a stock to remain oversold for considerable periods of time.

In an uptrend, oversold stocks present a good buying opportunity near supports (buy on declines). In a downtrend, one shd exit overbought stocks (sell on rallies).

Intraday support and resistance levels

This is for daytraders only and can be unreliable due to freak trades.

• Pivot point = P = (H + L + C)/3
• First area of resistance = R1 = 2P - L
• First area of support = S1 = 2P - H
• Second area of resistance = R2 = P + (R1-S1)
• Second area of support = S2 = P - (R1-S1)

----- With due apologies and full credits to vfmdirect.com
........................... Click here to read more!

Top Defensive Picks

-----With due apologies and full credits to Economic Times

Name	Div. Yield	Payout Ratio#	Div. Growth*	Earnings*	CMP (Rs.)
GSK Pharma	3.5	50.0	51.0	65.0	879.2
Aventis Pharma	3.3	36.0	41.0	20.0	902.5
Clariant Chemicals	3.2	64.9	29.6	31.6	261.9
Godrej Consumer	3.3	75.0	22.8	25.8	111.0
Amtek Auto	1.6	17.0	105.0	86.7	330.3
ITC	1.6	42.0	30.0	17.8	198.2
Bajaj Auto	2.1	35.0	24.8	18.9	2300
Nestle	1.8	87.0	12.7	12.7	1380

# 3-year average * 5-year CAGR CMP as on Jan 25, 08

........................... Click here to read more!

Report - For 28th January

BHARTI AIRTEL

RESEARCH : HSBC RATING: BUY CMP: RS 915
BHARTI Airtel is one of HSBC’s preferred picks in the telecom sector because it believes the stock offers low risk exposure to the domestic wireless sector at attractive valuations. Bharti Airtel, with low operating and financial leverage, offers the best earnings visibility vis-à-vis other domestic telecom companies and trades at FY09E P/E of 18.6x. The current estimates for Bharti Airtel factor in the potential combination of high subscriber growth, low subscriber quality and high capital expenditure (capex). Unlike its peers, for whom EBITDA is likely to be subdued given the new rollouts, Bharti Airtel will continue to benefit from scale through its rising subscriber base. The creation of Indus (tower JV) is a significant catalyst as it allows Bharti Airtel to benefit from lower capex and deeper coverage, while offsetting spectrum constraints and monetising its tower assets. HSBC remains bullish on Bharti Airtel’s earnings outlook and forecasts a 25.3% compound annual growth rate (CAGR) in earnings per share (EPS) for FY08-10E. This view is based on robust subscriber growth, recent initiatives to stimulate usage and stable EBITDA margins.


INDIABULLS FIN SERVICES

RESEARCH: MOTILAL OSWAL RATING: BUY CMP: RS 779
MOTIAL Oswal reiterates its ‘buy’ rating on Indiabulls Financial Services with a revised target price of Rs 1,086. In its first quarter post-demerger, Indiabulls reported 270% y-o-y and 57% q-o-q growth in loan book to Rs 8,800 crore in Q3 FY08. Disbursements, at Rs 3,300 crore, were the highest ever in any quarter. Though yields declined to 21% due to an increase in secured loans, earnings grew 80% y-o-y. Post the impressive Q3 FY08 numbers, Motilal Oswal is raising its estimates on disbursements and loan book for FY09 and FY10. Indiabulls may disburse loans worth Rs 10,500 crore in FY08, which will increase to Rs 26,000 crore in FY10. This will result in 143% CAGR in loan book over FY07-10E. But by factoring in lower yields, Motilal Oswal expects the strong growth in loan book and higher fees from processing and insurance distribution to drive earnings growth. Operating efficiencies will also support earnings, which are expected to see CAGR of 81% over FY07-10E. The company has applied for a licence for its life insurance business, which is likely to be launched in Q1 FY09. Despite being a late entrant in this segment, its large customer base and wide distribution network will ensure fast growth. Motilal Oswal values Indiabulls at 3x FY10E book value (17x P/E) and the insurance venture at Rs 100 per share (at 49% stake).


BANK OF INDIA

RESEARCH: MORGAN STANLEY RATING: OVERWEIGHT CMP: RS 395
MORGAN Stanley reiterates ‘overweight’ rating on Bank of India (BoI) with a target price of Rs 525. BoI reported Q3 FY08 earnings of Rs 510 crore, up 101% y-o-y and 20% on a sequential basis — higher than the expectation of 69% y-o-y growth. The bank’s core operating profit grew 74% y-o-y on sequential improvement in margins, robust fee income growth and control on operating expenses. In fact, the bank overprovided costs during the quarter — it has proactively provided for wage arrears for FY08 on an estimated basis. Asset quality strength persisted, with BoI’s coverage ratio improving to 78% in Q3. Productivity is improving across all areas — the bank opened 101 branches last year, without adding a single employee. Core earnings were strong. BoI’s continuation of strong core earnings momentum is also impressive. This is the sixth consecutive quarter the bank has reported earnings growth of over 50% y-o-y. Even core earnings growth has averaged 40% y-o-y during this period. The stock is trading at 10x FY09E earnings, 2x book with an RoE of 21%, which is very attractive.


HDFC BANK

RESEARCH: EDELWEISS RATING: BUY CMP: RS 1,601
EDELWEISS maintains ‘buy’ rating on HDFC Bank. The bank’s Q3 FY08 profit was up 45% y-o-y, ahead of consensus estimates. Net interest income (NII) grew 55% y-o-y to Rs 1,430 crore. The bank’s business momentum increased on strong contribution from SME and corporate segments. Provisions rose q-o-q with higher specific provisioning. The bank booked one-off gains of Rs 100 crore on sale of its stake in CAMS during the quarter. It also made one-off provisions on indirect taxes of Rs 73 crore. Adjusting for these extraordinary incomes, net profit grew 36% y-o-y. Pre-provisioning operating profit grew 30% y-o-y to Rs 930 crore. Key highlights of the quarter were: (1) Net interest margins improved q-o-q to 4.3%, with decline in cost of funds and increase in yields on investment; (2) Core fee income grew 38% y-o-y; (3) The proportion of low-cost deposit declined slightly to 51%; (4) Operating expenses increased 78% y-o-y due to higher other operating expenses; (5) Overall provisioning increased 59%; and (6) Balance sheet grew 47% y-o-y. Edelweiss is revising its earnings estimates upwards for FY08E and FY09E by 2% and 6%, respectively, and expects the bank to post EPS of Rs 45 for FY08E and Rs 59.6 for FY09E, respectively. The stock is trading at 3.6x FY09E book and 24x FY09 earnings.

----- With due apologies and full credits to Economic Times
........................... Click here to read more!

Stocks on Breakdown

Stocks on breakdown after trading on 25th January 2008 are as follows :

NSE Code	Close	% Ch	2 day Swing	5 day SWING		20 day Swing	Previous		Mov. Av.		RSI		ADX
				Entry	Action		Sup	Res	20d	50d	5d	14d
AXIS-IT&T	20.15	-4.95%	Buy > 23	----	Exit	Hold SL 17	21	23	20	16	36	54	44
BSCFAUG08A	127.00	-5.93%	Exit	----	Exit	Hold SL 121	130	150	141	138	16	40	37
DHARSUGAR	25.20	-4.91%				Exit	26	29	31	25	20	39	28
MORARJETEX	49.10	-4.94%				Exit	51	52	59	0	26	39	36
RUBYMILLS	1346.15	-5.00%				Exit	1400	1525	1678	1529	21	36	20
SUDARSCHEM	126.25	-5.00%	Buy > 133	----	Exit	Hold SL 106	130	140	123	111	41	54	35

Importance of charts

No algorithm or trading system can substitute visual inspection of chatrs. Algorithms, can at best, only make filtering easier. Since there is always a risk of loss in stock markets, any trading decision must be taken only after detailed study of charts.

Buy and Sell signals

These are generated using custom designed swing trading algorithms. As one can never know with certainity the extent of gains or losses, the concept of trailing stoplosses is used.

If a stock is in a downtrend, a buy signal is generated if the stock closes above it's "N" days highest high. The trailing stoploss is the "N" days lowest low and will change everyday till an exit is given. Here "N" refers to 2 or 5 or 20 days. Obviously a 2 day swing will generate more signals than a 20 day swing. For best results, use the 2 day or 5 day swing to buy only if the stock is trading above the 20 day swing low.

The methodology is similar moving averages / crossovers. The advantage is reduced whipsaws and more efficient stoplosses.

Above signals work best with trending stocks and are useless with rangebound stocks.

Rangebound trades, whipsaws and false signals

All technical indicators will fail in rangebound stocks / markets and will generate whipsaws and false signals.

Whenever a swing trade results in a loss, it means the stock is rangebound. At this point, one should study the chart and identify areas of support and resistance. Only a break above these levels will create a new trend.

Support and Resistance levels / targets

This is nothing but a "peak" and "trough" based on 5% change. These levels form the basis for calculation of targets.

A break above a "peak" gives a resistance break. Similarly a break below a "trough" generates a support break.

Targets are calculated using Fibonacci retracements.

UP targets = Support + X *(Resistance-Support)

DOWN targets = Resistance - X *(Resistance-Support)

Where X equals 0.382 or 0.5 or 0.618 or 1.618 or 2.618

Depending on formation of support and resistance, targets are automatically calculated. Because of the methodology adopted, it is normal for the stock to trade significantly higher than the target. Once the stock corrects, the new "resistance" is defined and targets automatically calculated.

Oversold and overbought stocks

Interpretation of this is difficult and shd be done in the context of the prevailing trend.

Overbought means great strength. It does NOT mean stock will correct immediately. It is normal for a stock to remain overbought for considerable periods of time.

Oversold means great weakness. It does NOT mean stock will rally immediately. It is normal for a stock to remain oversold for considerable periods of time.

In an uptrend, oversold stocks present a good buying opportunity near supports (buy on declines). In a downtrend, one shd exit overbought stocks (sell on rallies).

Intraday support and resistance levels

This is for daytraders only and can be unreliable due to freak trades.

• Pivot point = P = (H + L + C)/3
• First area of resistance = R1 = 2P - L
• First area of support = S1 = 2P - H
• Second area of resistance = R2 = P + (R1-S1)
• Second area of support = S2 = P - (R1-S1)

----- With due apologies and full credits to vfmdirect.com
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Stocks on Breakout

Stocks on Breakout after trading on 25th January 2008 are as follows :

NSE Code	Close	% Ch	2 day Swing	5 day SWING		20 day Swing	Previous		Mov. Av.		RSI		ADX
				Entry	Action		Sup	Res	20d	50d	5d/th>	>14d
APOLLOHOSP	490.35	5.29%				Buy > 627	365	489	520	503	53	47	35
BOSCHCHASY	466.50	6.16%				Buy > 492	292	455	421	398	70	60	20
CRANESSOFT	153.05	9.48%	Hold SL 130	153	Buy SL 106	Hold SL 106	106	152	143	132	76	62	31
DCHL	220.70	13.65%				Buy > 271	161	219	225	216	62	52	20
GKW	91.85	9.35%	Buy SL 82	94	Hold SL 76	Hold SL 76	76	89	91	85	57	54	30
HONDAPOWER	247.15	8.45%	Buy SL 225	----	Buy > 263	Hold SL 200	200	247	264	258	50	46	26
IVC	320.10	8.14%				Buy > 447	345	320	368	356	39	38	33
KOUTONS	980.65	6.54%	Buy SL 755	981	Buy SL 700	Hold SL 700	700	950	961	843	64	59	22
KTKBANK	258.50	6.31%	Buy SL 235	----	Buy > 263	Hold SL 180	180	255	251	231	61	57	34
LT	3892.65	10.30%				Buy > 4410	3491	3885	4044	4129	54	46	26
RELGOLD	1170.04	3.33%	Hold SL 1075	1031	Hold SL 950	Hold SL 922	950	1169	1102	0	73	67	40
TATAMOTORS	710.45	7.88%				Buy > 824	531	710	739	733	58	47	25
TULIP	971.25	9.01%	Buy SL 831	----	Buy > 995	Hold SL 721	721	960	1012	979	61	50	25
TVSSRICHAK	160.00	6.67%	Buy SL 145	----	Buy > 160	Hold SL 126	126	159	158	138	60	58	23

Importance of charts

No algorithm or trading system can substitute visual inspection of chatrs. Algorithms, can at best, only make filtering easier. Since there is always a risk of loss in stock markets, any trading decision must be taken only after detailed study of charts.

Buy and Sell signals

These are generated using custom designed swing trading algorithms. As one can never know with certainity the extent of gains or losses, the concept of trailing stoplosses is used.

If a stock is in a downtrend, a buy signal is generated if the stock closes above it's "N" days highest high. The trailing stoploss is the "N" days lowest low and will change everyday till an exit is given. Here "N" refers to 2 or 5 or 20 days. Obviously a 2 day swing will generate more signals than a 20 day swing. For best results, use the 2 day or 5 day swing to buy only if the stock is trading above the 20 day swing low.

The methodology is similar moving averages / crossovers. The advantage is reduced whipsaws and more efficient stoplosses.

Above signals work best with trending stocks and are useless with rangebound stocks.

Rangebound trades, whipsaws and false signals

All technical indicators will fail in rangebound stocks / markets and will generate whipsaws and false signals.

Whenever a swing trade results in a loss, it means the stock is rangebound. At this point, one should study the chart and identify areas of support and resistance. Only a break above these levels will create a new trend.

Support and Resistance levels / targets

This is nothing but a "peak" and "trough" based on 5% change. These levels form the basis for calculation of targets.

A break above a "peak" gives a resistance break. Similarly a break below a "trough" generates a support break.

Targets are calculated using Fibonacci retracements.

UP targets = Support + X *(Resistance-Support)

DOWN targets = Resistance - X *(Resistance-Support)

Where X equals 0.382 or 0.5 or 0.618 or 1.618 or 2.618

Depending on formation of support and resistance, targets are automatically calculated. Because of the methodology adopted, it is normal for the stock to trade significantly higher than the target. Once the stock corrects, the new "resistance" is defined and targets automatically calculated.

Oversold and overbought stocks

Interpretation of this is difficult and shd be done in the context of the prevailing trend.

Overbought means great strength. It does NOT mean stock will correct immediately. It is normal for a stock to remain overbought for considerable periods of time.

Oversold means great weakness. It does NOT mean stock will rally immediately. It is normal for a stock to remain oversold for considerable periods of time.

In an uptrend, oversold stocks present a good buying opportunity near supports (buy on declines). In a downtrend, one shd exit overbought stocks (sell on rallies).

Intraday support and resistance levels

This is for daytraders only and can be unreliable due to freak trades.

• Pivot point = P = (H + L + C)/3
• First area of resistance = R1 = 2P - L
• First area of support = S1 = 2P - H
• Second area of resistance = R2 = P + (R1-S1)
• Second area of support = S2 = P - (R1-S1)

----- With due apologies and full credits to vfmdirect.com
........................... Click here to read more!

Mutual Fund and FII Activity

FII & DII Turnover (BSE + NSE)

(Rs. In Crores)
	FII			DII
Trade Date	Buy	Sales	Net	Buy	Sales	Net
25/1/08	4,689.63	4,481.15	208.48	1,475.88	1,227.53	248.35
24/1/08	4,686.65	6,941.58	-2,254.93	2,140.83	1,023.80	1,117.03
23/1/08	5,730.70	8,752.24	-3,021.54	2,669.63	1,377.87	1,291.76
Jan, 08	84,487.26	107,501.24	-23,013.98	38,143.33	25,308.86	12,834.47

Daily Trends in FII Investments on 25-JAN-2008

Reporting Date Debt/Equity Gross Purchases(Rs Crores) Gross Sales(Rs Crores) Net Investment (Rs Crores) Net Investment US($) million at month exchange rate 25-JAN-2008 Equity 5347.20 6698.40 (1351.20) (335.00) Debt 70.80 49.60 21.30 5.30 The above report is compiled on the basis of reports submitted to SEBI by custodians on 25-JAN-2008 and constitutes trades conducted by FIIs on and upto the previous trading day(s).

Daily Trends in FII Investments on 25-JAN-2008

Reporting Date Debt/Equity Gross Purchases(Rs Crores) Gross Sales(Rs Crores) Net Investment (Rs Crores) Net Investment US($) million at month exchange rate 01-JAN-2008 Equity 3041.10 2243.30 797.90 197.80 Debt 6.50 18.00 (11.50) (2.90) 02-JAN-2008 Equity 1437.60 1295.30 142.30 35.30 Debt 0.00 3.00 (3.00) (0.70) 03-JAN-2008 Equity 4083.80 4328.30 (244.50) (60.60) Debt 93.30 182.90 (89.60) (22.20) 04-JAN-2008 Equity 6007.10 5281.90 725.10 179.80 Debt 390.90 3.00 387.90 96.20 07-JAN-2008 Equity 4549.40 4040.60 508.80 126.10 Debt 730.80 209.80 521.00 129.20 08-JAN-2008 Equity 4891.40 4972.30 (80.90) (20.10) Debt 104.60 242.60 (138.00) (34.20) 09-JAN-2008 Equity 5529.90 4476.50 1053.40 261.10 Debt 744.00 86.80 657.20 162.90 10-JAN-2008 Equity 4859.70 4585.10 274.60 68.10 Debt 677.70 605.70 72.00 17.90 11-JAN-2008 Equity 4334.20 4965.00 (630.80) (156.40) Debt 580.60 295.20 285.40 70.70 14-JAN-2008 Equity 3906.30 3792.60 113.70 28.20 Debt 318.70 85.00 233.70 57.90 15-JAN-2008 Equity 4521.50 4347.20 174.40 43.20 Debt 241.90 119.40 122.40 30.40 16-JAN-2008 Equity 5209.90 4984.10 225.80 56.00 Debt 249.10 45.10 204.00 50.60 17-JAN-2008 Equity 4662.30 6941.90 (2279.60) (565.10) Debt 81.80 182.50 (100.80) (25.00) 18-JAN-2008 Equity 4303.30 6489.30 (2186.00) (541.90) Debt 78.50 422.40 (343.80) (85.20) 21-JAN-2008 Equity 4972.30 6328.40 (1356.10) (336.20) Debt 78.40 103.30 (24.90) (6.20) 22-JAN-2008 Equity 4896.90 7322.50 (2425.70) (601.30) Debt 142.40 236.40 (93.90) (23.30) 23-JAN-2008 Equity 7749.20 10005.50 (2256.20) (559.30) Debt 116.30 487.40 (371.10) (92.00) 24-JAN-2008 Equity 6082.50 8582.30 (2499.90) (619.70) Debt 662.00 28.00 634.10 157.20 25-JAN-2008 Equity 5347.20 6698.40 (1351.20) (335.00) Debt 70.80 49.60 21.30 5.30 The investments corresponding to reporting date 26-Feb-2007 include prior period adjustments. The prior period adjustments are based on transactions of new sub accounts during the period from 01-Jan-2007 to 26-Feb-2007 and the same is given below: Gross Purchases(Rs Crores) Gross Sales(Rs Crores) Net Investment (Rs Crores) Net Investment US($) million at month exchange rate Prior period adjustments - Equity 3518.41 87.66 3430.75 773.91 The above adjustments are due to migration of data of new sub accounts to portal based new system of reporting. The above report is compiled on the basis of reports submitted to SEBI by custodians on 25-JAN-2008 and constitutes trades conducted by FIIs on and upto the previous trading day(s).

Trends in Transactions on Stock Exchanges by Mutual Funds (as on 24-JAN-2008) (Provisional and subject to revision) April 2007

Trading Date Debt/Equity Gross Purchases(Rs Crores) Gross Sales(Rs Crores) Net Investment (Rs Crores) 24-JAN-2008 Equity 1298.00 951.50 346.50 Debt 916.30 915.90 0.50 The above report is compiled on the basis of reports submitted to SEBI by custodians on 24-JAN-2008 and constitutes trades conducted by Mutual Funds.

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