Nifty Resistance at 5685 level.

Nifty is in BULL grip, the best indication of Bull unwinding has started when the HIND LEVER AND ITC took a serious beating when the markets are advancing further. The irony is that the se stocks along with TCS, the best performing stocks are trading lower than their price quoted for last my F&O closing. 

The Nifty closed last month at 5315 and now ruling at 5550 level but above mentioned old time performers are now in distribution list. As I mentioned earlier in my postings, in YOUTUBE @BNRSTOCKS, the Banks performed, lead the rally. The other stock I mentioned is DLF, one of the best performing stock in the lot.

Now some disturbances are cropping in the Govt., so the Bull rampage will be reduced, will see some correction. The Best outperformed stocks like SBIN, INFY, ICICI, REC, PFC and DLF may consolidate. The short-term price correction is not a selling opportunity but should wait till the clouds are clear.

There are some issues in the COAL block allocation, is a serious dent to the Govt and also to the Big corporate houses. The CBI may bring some more surprises in the course of time……

Panel recommends deallocation of 12 coal blocks allotted to private sector, government accepts recommendations

NDTV | Reported By: Raj Kumar Sahu | Updated On: September 20, 2012 23:55 (IST)

The Inter Ministerial Group (IMG) reviewing the development of coal blocks concluded its task today. After more than 10 meetings since it was set up, the panel recommended the deallocation of 12 blocks awarded, since 1998, to private firms.

The government has accepted IMG’s recommendations, sources said. The ministerial panel was constituted on July 3, 2012, to review the progress of the coal blocks allotted to private and public sector firms.

Private companies owning the 28 coal blocks under review were sent show cause notices in May this year asking them why their licenses should not be revoked because of the delay in developing their respective blocks…………………………..http://profit.ndtv.com/news/corporates/article-panel-recommends-deallocation-of-12-coal-blocks-allotted-to-private-sector-government-accepts-recomm-311130?pfrom=home-latest  

DE ALLOCATION

1.     Electrosteel Castings & Others: North Dhadu block

2.     Rungta Mines & Sunflag Iron & Steel: Choritand Taliya block

3.     Electrotherm India and Grasim Industries: Bhaskarpara block

4.     IST Steel & Power, Gujarat Ambuja Cements, Lafarge: Dahegaon Makardhokra block

5.     Maharastra Seamless,Dharial Infrastructure & Kesoram Ind: Gondkhari block

6.    JSW Steel and Himachal EMTA Power Gourangdih ABC block

7.     SKS Ispat and Power: Rawanwara North block

8.     Bhushan Steel Ltd. and others: New Patrapara block

9.     Castron Mining: Brahmdiha block

10.                        Fieldmining and Ispat Limited: Chinora and Warora (South) block

11.                        DOMCO Smokeless Fuels: Lalgarh (North) block

12.                       Bihar Sponge Iron Company: Macherkunda block

BANK GUARANTEE ENCASHMENT

1.    Jayaswal Neco: Moitra block

2.      Arcelor Mittal india Ltd & GVK power: Seregarha block

3.     Neelachal Iron & Steel & Bajrang Ispat: Dumri block

4.     DB Power Ltd: Durgapur II/Sariya block

5.    Gupta Metaliks & Power and Gupta Coalfields: Nerad Malegaon block

6.     Usha Martin: Lohari block

7.     Tata Sponge Iron Ltd. & others: Radhikapur (East) block

8.     Bhushan Ltd: Bijahan block

9.     Shri Virangana Steels: Marki Mangli-II block

10.                        Shri Virangana Steels: Marki Mangli-III block

11.                        Shri Virangana Steels: Marki Mangli IV block

12.                        Monnet Ispat & Energy: Utkal B2 block

13.                       JSPL: Jitpur block

 CLEAN CHIT

1.    Reliance Power (Sasan UMPP): Moher block

2.     Reliance Power (Sasan UMPP): Moher Amlohri block

3.    Tata Steel: Pachmo block