The fall is faster…..

The traders might have observed that the fall is much faster than the snail pace rise. The markets likely to witness the same kind of volatility till the HNI’s-deep pocked investors grab the early opportunity. The markets will fall but not more than 10% and create havoc in the minds of retail investor and pain in the heart.
The Nifty will not fall to 3200-300 levels as it fell from 5200 to this level. In case a sharp sell off from any సైడ్, market depth was shallow and it cannot take any out-right throw away sell-off.
The Nifty showed the required bull support to cross the 4093 level as posted in the morning but could not hold above 4073 level to give peace to the Bulls.
The Reliance (posted in the morning-The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter.) made a low of 1990 took support for this day abated the bears to make merry at the counter. The metals made a good come back across all counters and showed their strength. The RCOM failed to trade above 441-43 convincingly drifted to 435-36 level and Bharti didn’t hold the promise above 747. A surprise at the banking sector to many is that the Axis bank failed to cheer the street in spite of its robust quarterly numbers. The Ranbaxy sell off helps the Daiichi to buy the company with out raising the open offer.

Can we be in green….

The markets sold off due to the poor IIP numbers and the rising inflation numbers. The market closed temporarily at the support level at 4049 is a good sign. The two days made lots of changes in the political equations. The Congress thought that it could easily convince the smaller parties but Karat took it to his heart to tumble the Govt. and in the process a head of the ruling party. This could through a negative signal to the recovering markets.
The Nifty shall trade above 4073 and shall cross the resistance at 4093 level taking positive cues from the Asian markets. In case it fails to do so and trades below the 3990 level then it may touch 3900 level where it can has some support.
The Reliance closed below 2020 level but for today it shall trade below 1990 so that the bears can make their day happy at this counter. The RPL is strong above 169-170 level and weak below 163 level. The Infras may see further buying support at lower levels. The DLF is good above 449-51 weak below 446. The JP Associates was sold off could recover to day if it could trade above 165 but it is very unlikely. The Unitech is in a better place, good above 170 and weak below 165. The GMR Infra is good above 91 and weak below 89 level.
The RCOM showed resilience and the low is well above 421-23 support level. It is likely to advance further if it trades above 439-41 level. The Bharti crossed the first hurdle at 747 and the second at 757 level. So it is good for delivery in case the markets recover and trade above 751.

The USFDA case against Ranbaxy could dampen the share rise. The scrip trades below 531 then short sellers enjoy with a stop-loss of 541 from where it will be in Bull grip.
The markets will be volatile as both parties Bulls and Bears determined to win over the other. The Nifty is good for long only when it trades above 4145 level.

Numbers in profits…….

The markets are in full bear grip as they slipped from the 5185 level the very crucial support now has become a distance dream to reach. The fundamental analysts hope that the markets get life from the numbers declared by the companies and the profits in particular. The technical analysts also munching the numbers at which the company has support and resistances. So now the season is immersed in numbers.
The Business Line- Sunday, July 13, 2008, on the front page printed “Institutional investors buy ‘out-of-favour’ sectors in July”. The text covered as “What are institutional investors buying, with the Sensex hovering at 13k levels?. Mid-cap stocks in out-of favour sectors such as realestate, infrastructure, automobile, media and banking apper to have come back into the “buy” list of leading FIIs in July……”

Let the under-performing ( POSTED on Dt 30-06-2008)…..One of the clear signs of trend reversal in a bull market, the outperforming stock of yesterdays starts the signs of under-performance as the days goes by. The Index continues to surge in the same direction but the darlings take a nap. The same is the case with the falling market. There are some stocks those fall very steep than a retail investor could identify/imagine. The outright sell off will be seen with steep falls, as the days pass by every body could recognize that what was happened?. So the Deep-pockets garner the best opportunity to sell. In this bleak scenario there could be silver ling to identify the trend reversal. A clear observation can through the opportunity open to the retailers also. The trend reversal can be identified once the weakest sector finds buying interest in the market by the smart people that could be the secret why these weak stocks won’t fall however deep the market falls.
To validate the above observation it is necessary that the underperforming sectors in the market at this point in time are Real estate and Capital goods. So it is very important to see DLF trades above 496-503 level, Unitech shall trade above 210-214 level and the India Bulls Real estate above 395-400 level. The capital goods sector though has some silver lining with orders at disposal but the heat of raw material costs eating into the profits, thus evaporations of current prices to settle with lower P/E valuations. This sector has huge potential to outperform in future but the U-turn possible only when the price of L&T trades above 2750-2800 level, the BHEL shall trade above 1550-1585 and the ABB shall trade above 1020-36 level.

It came, went …dust was left….

The results of Infy are no surprise to many but the markets spooked the hopes of Bulls while falling relentlessly. The Nifty lost the bottom support at 4115-11 level and was parked at 4015 and closed at 4049 level with a consolation as this was the first positive close on weekly basis after a long time.

The IIP numbers surprised too many especially to the markets apart from the FM and RBI. The heads need to break their heads to manage the worsening situation forces them to take corrective measures in order to boost the economy and contain the inflation. The job at both hands made them to become busy to speak on economy.

The Infy results brought it to the April month end prices. It ruled two and half months above 1650 and a high at 2030. The results are good and the future out look is not conservative but the markets not enthused.

Yester day I wrote about the Forex losses that came from HCL-tech results and many more companies will publish in the forth coming results.

The Reliance closed below the 2020 level and the next level ….?

Changes in the support levels?.

There are slight changes in the important heavy weights of Nifty which has first support at 4120 level and the second probably the temporary best at 4030 level.The Nifty shall trade above 4180 level to see futher 5% rise. The Infosys results are likely to change sentiment and the Nifty levels. The market always looks for special events and many a times it surprises many.
The Reliance is at the verge of its support at 2020 level and the RPL is struggling to cross the 174 hurdle. The Infosys is good so long it trades above1730 level, Wipro has good support above 435 and will become weak below 421. The TCS is one of the strong counters above 830 and Satyam above 456. The telecom counters are above their support levels but they are showing weakness due to selling pressure above the ruling current levels. The ONGC is struggling to cross the 892 hurdle but it will become weak only below 840.
The positives of yesterday and day before needs to get buying for SBI, REL Infra, NTPC, DLF, ABB and ICICI Bank. The ever escalating inflation figures, the global markets weakness and the challenges of the political parties are likely to dampen the euphoric strength shown by the Bulls.

Just observe I could be wrong: The S.P. support to Govt. strengthened Mr. Amar Sigh and he is (demanding) meeting the officials of different Ministries to dictate the policies of future, sorry I failed to present it correctly; to provide direction to future policies again sorry but the correct presentation is guidance/assistance to varies policy matters.

Waiting for Infosys results….?

The markets not only ours but the Asian markets shrug of the US cues as they are tired of accepting the negatives for the time being. Our markets traded as if they are waiting positive cues from the Tech giant Infosys. As such there was no gross violation in the levels suggested in the earlier postings.
The techs any way produce good results on the back of the depreciated rupee but the surprises will come from the monetary losses due to advance selling of dollars anticipating the rupee strengthening. The dollar-rupee management has become great job at hand to many dollar earning companies. They trade with anticipation of something and the reverse will happen as in the case of day traders do in the market. The result will be same to every one who trade continuously on any markets.
The smaller names are getting buying support in the market is a good sign that the markets are consolidating at the lower levels. This move will help the markets to move further by 10% from these levels. The metal sector got good support and the losers are the auto sector. The real estate pack will loose some market cap in the days to come but the capital goods sector will add value.

Strong bullishness displayed………

The markets soared to new high after it crossed 4100 level as the retail short sellers are in queue to cover.
The lackluster move displayed by the techs showed their strength at the fag end of the trading session. The levels suggested yesterday are valid till they are breached.
To analyse the levels: NTPC is very good above 163, today low is 163. RelInfra is very good above 805 level and the traders might have observed how it rallied from 805 to 845. RCOM is good above 421 level and today low registered at 420. Bharti traded above 731 to reach 758. The Punjlloyd maintained above 230 level. The RIl did not trade below 2025 rallied to 2095 level and the RPL traded at 168-169. The indicators suggested shall not loose their bottom supports to see that markets keep going up wards.
There is a word of caution: A patient discharged from hospital can walk but shall never try jogging/running.

No Left only Right to N-deal….

The UPA govt. lost the support of Left to stay in power to sign the N-deal but manages to garner the like minded parties to corner the Left that the deal is inevitable in current scenario to meet the ever rising energy needs.
So the deal will be through and benefit lots of companies like LT, Punjlloyd, ABB, Areva T&D, Siemens, NTPC, RelInfra and many other smaller companies queuing to cut their share in the cake.
The best thing to the markets is that the uncertainties as odds to Bulls start diluting as the time pass by. The Nifty clearly took support at 3850 level. The banking sector is inviting the MTM loss from their overseas bonds/contracts due to the new guidelines proposed by the RBI and the Reliance weakness crippling the fast run up from these levels.
The frontline stocks likely to advance (for tomorrow & short-term indicators) as the RIL is good above 2025, very good to markets if it can cross 2140 level and shall not trade below 1930 level (last excuse). The RPL shall trade above 167-168 level and shall not trade below 160-161 level.
The RCOM has good support at 405-403 level and good above 421 level. Bharti shall cross and trade above 729-31 level and shall not fall below 706-03. The ONGC shall trade above 886 and shall not trade below 840 level. The NTPC is good above 156 and very good above 163. The Rel Infra is good above 756 and very good if it could trade above 805 level. The Punjlloyd is good above 230 and very good if could cross 246 level but the low shall not breach 204 level.
The tech pack suddenly lost their support and started correcting to adjust to Nifty levels with positive bias.
This may not sound good but the fact is that the bears will not allow the Nifty for a run-up rally with a single/two piece of good news. The smaller political leaders/parities will cry loudly to bring attention for a better bargain could make the Nifty swing widely. During this bold headlines time before seeking the vote of confidence the “deep pocketed” shorts will be covered peacefully. The rally cannot be expected at this point in time as the consolidation has also not happened after the steep sell of fall from 5300 level. So the Nifty may oscillate between 3900-4680 level for July and first half of Aug-08. During this period the crude likely to come around 112-118 dollars and the inflation may show its decline to South-wards.

The pain balm move……

The markets world over are reeling under pressure from the crude weight and the follow-on inflation effects we are no eception but the fall from the heighs on profit booking is a big concern. As a matter of fact the effects of global melt down in equities carry forward to the demand and supply mismatch to commodities and the real estate. The correction in the crude will not give any rally to equities but provide cushion to a fresh free fall.

Now the July-Aug-2007 level is not sacrosanct to hold the Nifty above 4000 level but the looming uncertainties will take the Nifty below 3200 level once the 3800 level is breached. The levels suggested earlier for the Nifty while falling touched without any resistance from the Bulls. Now the markets are on hold from their free fall but the risk takers can try as the adjustments temporarily favour the Bulls.

The weakness in Reliance and the RPL are the major concern as the markets are struggling to accept any wind fall weight from these counters. The fall from highs are a negative signal at this time but the hope lies in the charts as the Nifty closed above 4020 level. In case the Reliance falls below 1950, RPL trades below 161 level then this minor positive sentiment will fade away.

The short term technicals…..

The markets likely to open with positive note as they were tired of negative news and Southward journey. But the up move will be with doubt about the future (now for the next day).

The pure technicals show that the Nifty could move above another 400 points so long it stays above 3945-35 level and Reliance stays above 2025 level. The up move will be sustained for only when the heavy weights shall cross their immediate resistance levels. The frontline counters like Bharati shall cross above 745, Reliance to cross above 2180, ONGC shall cross 900, Infosys shall cross 1800, the TCS shall cross 880, RPL shall cross 178, the UNITECH shall cross 183 and DLF shall cross 440 level.

The worry some factor is that Reliance and RPL counters were noting trading with the momentum as they always.

The confusion creates…..

The markets took the much required support at the 3850 level and the efforts of bulls being respected in placing the Nifty above 4000 level.

The markets are at confusion about the future whether India can out perform at the Global competition as the environment was changed due to the high crude prices and inflation. To add fuel to the fire the local political situation is also very bad even though everybody is trying to pose a brave face while facing the camera.

Whether it is Dr Kalam or Dr Manmohan who recommends the N-deal but the changed economic compulsions forcing us to sign on the deal to safe guard the energy security to the nation. The markets live with short sighted policies, the political compulsions and competitiveness of the economy to excel in future. The perceived robust growth of economy is intact inspite of the above discussed problems.

The monsoon is so far good but the high input cost is becoming an expensive investment at the agriculture level. The farmers are no longer attached to the tag that they need to cultivate and produce food for the rest but they are equating as investment and return.

The first quarter (Mar-June) results and the industry views on the demand supply side at their level will decide the future course of direction of the Nifty.The RBI governs work became very tough to deal with the inflation as limited tools left at his disposal to dealt with the situation. The crude oil price fall can infuse strength to emerging economies like India. The situation will ease as things stand at this point in time. The other challenge is the Rain God’s blessings to India.

The external and the limited controllable situations are controlling the Nifty direction at this point in time. The time will ease things and the turmoil will melt down and the confusion dust will settle down by Sep-08 but the fog of parliament elections will again put speed breaks to the upward Journey of Nifty in 2008.

So all around existing confusion will lay down heavy burden on the shoulders of the Bulls even though the macro and micro economic conditions look bright for the long-term journey ahead.

The early signs…….

The markets are taking the early signs of recovery from these levels. To substantiate the earlier posting, there was a jubilant recovery that occurred as if there was a bull grip over the markets.

Today the market lost all the gains that made yesterday. The silver lining of the days action is that the markets dug enough space to burry. As a matter of fact whose grave yard is this any way?. The markets may test the 3600 level but the bounce could become very sharp as it happened in yesterday’s move. The hope that can light the Bull Run torch could be from the support from the Nuclear deal.

The market stability will also depend on the 4020 level, and shall march above to 4230 level crossing the high of 4285 with in 3-4 trading sessions. Incase this won’t happen then we ca assume that the bottoms were washed till 3100 level. We like it or not the markets know the news better and that will be reflected in the price that is what ultimately represent in the technical analysis. The Reliance shall trade above 2080 level and shall cross the early resistance of 2285. The bottom support of RIL, ONGC, SBI, Infosys, wipro, Bharti, LT, BHEL and DLF shall not be challenged by more than 2 percent.

There is no reason to worry at this point in time as the markets are at cross roads. It could become a good opportunity buy rather than selling the holdings. The bounce will easily take the Nifty to 4560-4630 level. The temporary worst can be considered over when the Reliance Infra crosses 850 level, India Bulls Real-estate crosses 310 level, the LT crosses 2400 level, Bharti crosses 785 level.

Let the under-performing…..

One of the clear signs of trend reversal in a bull market happens when the outperforming stocks of yesterday start the signs of under-performance as the days goes by. The Index continues to surge in the same direction but the darlings take a nap. The same is the case with the falling market. There are some stocks those fall very steep surprises the retail investor and very little could understand. The outright sell off will be seen with steep falls, as the days pass by every body could recognize that what was happened?.The Deep-pockets garner the best opportunity to sell at higher levels and they also enjoy the early gains of up trend.

In this bleak scenario there could be silver ling to identify the trend reversal. The stock price always speaks the truth louder than the news. A clear observation can through the opportunity to the retailers also. The trend reversal can be identified once the weakest sector finds buying interest in the market by the smart people that could be the secret why these weak stocks won’t fall however deep the market falls.

To validate the above observation it is necessary that the underperforming sectors in the market at this point in time- Real estate and Capital goods shall start perform. So it is very important to see DLF trades above 496-503 level, Unitech shall trade above 210-214 level and the India Bulls Real estate above 395-400 level. The capital goods sector though has some silver lining with orders at disposal but the heat of raw material costs eating into the profits, thus evaporations of current prices to settle with lower P/E valuations. This sector has huge potential to outperform in future but the U-turn possible only when the price of L&T trades above 2750-2800 level, the BHEL shall trade above 1550-1585 and the ABB shall trade above 1020-36 level.

crude CRUDE acting......

The Aug-2007 levels…..May-07 levels...the journey towards south starded in Jan-2008 could end in Sep-08.

The levels suggested earlier for the Nifty touched without any resistance from the bulls.
Now the markets are on a free fall. The risk takers right from the 5100 level, 4800 level and the worst hit at 4600 level were wiped out as the uncertainties are looming large.

The markets got support only when the trend reversal happens at the front line stocks. The best things can be seen only when Reliance crosses 2440 level, ICICI crosses 830 level, ONGC crosses 930 level, SBI crosses 1330 level, BHARTI crosses 860 level, RCOM crosses 610 level and the strongest scrip of these turbulent days- RPL crosses 205, then the core strength in the market will established and will be reflected in the NIFTY. The markets are moving northwards only to sail to southwards with vigour. The FII selling will be over as the stocks fall below their acquisition level. Please see the older posts in which I discussed the same.
To blow once own trumpet, I clearly suggested to invest in technology, Pharma and FMCG in my earlier posts as they could reward the investors in future. Those who invested in FMGC might have experienced the taste of down fall and the rest are still in huge profits.

Those who can venture for longterm can now start cherry picking in Telecoms and the equipment sector. The great old days of infrastructure are far from sight but the malls with cash and carry business is bright. The smaller Indian banks with insurance tag will get good support from FIIs and foreign banks. The best safe bet is always the technology now with a new name - KPO services.

The consolidation is sure…

The markets are taking time to consolidate to take a breakout move. The markets across the globe lost more than 4% but were didn’t participate due to holiday. The markets take the Infosys cue and the yesterday meltdown. Incase the tech bellwether could project well for the next year with out fear due from the GE, then the markets likely to correct by 2% otherwise the markets may close below 4640. The markets shall not close below 4620 for more than two days can cause a severe damage to the Nifty.

As we expected RIL move the real saver of Nifty may not close below 2270 as the news flow is very positive. Incase the Nifty fails to trade above 4650 even the RIL trades above 2280 can be a temporary fall that can become a trap of bears. So the Nifty can move up so long RIL trades above 2120 and RPL trades above 153 then the bulls have some thing more to say in the short term.

IS THIS A CONSISTANT INCONSISTANCY?…

The markets are consistently surprising to the traders and confusing the investors with it's irregular movements. The days are gone for the buy today and sell tomorrow traders in the market( BTST) for next 12 months. The markets will take the run-up only when the retail investors lost their last hope of investing and should come forward to sell their blue-chip holdings in frustration.

So how long the small investor keep his faith for an early rebound?. Observe how the markets world over lost their value in just two months?. If one critically analyse the market operation how good things and favourable news flows continued for more than six months even after the first signs of SUB-PRIME news catching the headlines. But suddenly on a fine morningmarkets fell across the globe. The markets took a deep cut in its value and coundn't bounce back. The bullishness gone and the darkness of inflation due to price rise news started erupting from the volcano of commodities.

Now the suggestions from IMF, World bank and other research/statistical institutions are throwing open suggestions to the third world countries on & how to tackle the situation.

The crisis will be over once the deep pockets grab their chunk of blue-chip stocks across the globe, then the good news will be aired on how strong the economies of emerging countries and their importance in building the new society.

This is all in the game to WIN and enjoy the POWER to dictate the terms.

Infotech to Infratech…..

The strong bottom is necessary for an assured up move that can stay for a longer period of time which can start with a good note at any time has been extended due to inflation worries. The external pressures are intact to put a cap on the speedy upward movement of Nifty. The bottom building is enough incase Infy, Wipro and TCS doesn’t loose much on forex hedging. The greater cause of concern which was confined to books for time being is going to be disclosed with in few weeks.

The Nifty is oscillating between 4550 to 5000 levels- a 10% move for one more month is assured as things stand as of now. The markets may loose some bottom in case the RBI increases CRR by 50 basis points. The markets are reeling under pressure due these issue are of temporary in nature can settle with in 3 months. The growth story of the Indian economy is intact and can expect better investment opportunities in the years to come.

The Infotech story of 2000 can be seen in Infratech in 2010 and after. The best thing is to start investing in infratech companies that can offer huge potential for growth along with the health care sector including pharma. The long-term investors can stay invested in companies engaged in the projects that are under execution that can last more than 36 months. For short term investors best ting is to invest in FMCG that got benefit on palm oil imports. The Nifty is now good at 4500 and so long RIL stays above 2120 the danger to Nifty is safe guarded.

The worst ghost is now focusing on capital goods sector and the silver lining can be seen in tech stocks. The markets are weak due to the inflation numbers and the fear that can come from RBI side are vanished then the worst is over to our markets for at least 6 months as the Nuclear issue can be handled by the new Govt. in office after the elections. The business can be as usual and the policy decisions can be expected as a first sign came from the Central Cabinet that was reshuffled. The message that the Govt. wanted to send to the people and investors is clear that there was no immediate threat from the Left. On this occasion we welcome the new ministers with cheers at the D-street.

More worries for time being…..

The populist measures taken and the long-term growth driven investments made by the Finance Minister was not well received by the markets. The Govt. decision to write off the loans and its confusion to write-off (the long standing bad debts of the farmers) more as the increasing demand from all circles as the opportunity was thrown wide open, took the toll of the markets along with the global meltdown. The market fall provided great lessons to the investment community and to the swing traders “never are hasty to take investment decisions and always wait till the time is ripe”.

The length and the speed at which the market shooted up in Nov & Dec-07, the fall it took in latter part of Jan and March are best opportunities to exit and re-invest at this levels. The market operation never is ideal or convenient to the retail investor to take a right decision at right time. Any way these discussions are about the history and now any body could suggest what could be a right decision.

The best opportunity now available is to invest in blue chips considering the Budget proposals. The undisputed statement is Indian economy is an internal demand/growth driven economy and the proposed investments will not be differed. So focus on growth sectors that can safely lead the index to new highs with in 18 months from now. The market leaders are going to change this time from power to pharma related business.

This time the epicenter of the multidimensional industrial/economic growth will be health care- Bulk Drugs & formulations, Pharma research, CRAMS, Hospital services and allied services. The eco-tourism will become health tourism as an integral part of the health care services.

Start accumulating the blue-chips…..

In my earlier write up clearly mention not to sell the enterprise so long the growth prospects are in tact in the long run. As an investor in stock markets one needs to be conscious to understand the developments happing around the globe and try to understand the impact over the prospects of the industry that was chosen as an investment opportunity. Please read my earlier write ups that can throw some light on the future prospects and the necessary levels that Nifty and the frontline stocks that needs to cross. Pls. read…. Distribute and eliminate…(21-11-2007), The end of the BULLRUN?.(17-12-2008), No longer immune…….(06-01-2008)

Never sell the Enterprise…(Dt.29-1-08)

The markets are facing rough time but the ray of hope lies in the growth story. The markets are likely to bounce back to new levels and even cross the High in the months to come as the dust will settle after two quarters. The India’s economy growth is intact and the corporate performance will improve in future. The internal consumption is huge and the breadth is increasing by strength.

The Nifty is strong at 4500-4600 levels. The range suggested earlier (5200 to 6300) is still a valid range as the FII’s have heavily from 19th Sep-07 to 16th Oct-07, invested at the 4500-5700 Nifty levels. The FII out flow is a cause of concern at this point in time but not at all a worry some event.

So long Reliance stays above 2430-50 level, ICICI stays above 1035-29 level and the ONGC stays above 1000-990, SBI stays above 2020 and the Bharti stays above 810 level the markets enjoy the bulls support.

It is very unfortunate that the retail investors who buy at the high/index and sell at the bottom of the index. The stock market investment is a skillful and precision job where knowledge and experience go hand in hand.
The novice investors, who mostly lured by the media message, think that it is very easy to make money from the market operations. The seasoned operators spread the rumors with lucrative price targets that attract the scapegoats to stock markets. The fresh flesh of scapegoats makes the feast tasty at the bourses. Like the instant coffee making machine, markets never spin sustained money but the losers at all times believe the rumors that it pores money but most retailers choose markets as investment avenue just because it allows everybody to participate even with their meager hard earned money.
The false conviction promotes to take large leveraged positions to make quick money at the earliest possible duration. The suggestions from the seniors turned down at the instance and that becomes melodious music to the deaf ears as every body thinks that the cheese is large enough to have their share.
It is a great opportunity for those who recognize the treasure that was stored in the stock markets and invest regularly for a period of time like any other plantations but most lack the patience to grab the opportunity. It is very important to identify a right stock at the right time is the crux of making money at the bourses -“Early bird catches the fish”.

Get the Bud from the “Budget”………

The stimulus dose has been given to the slowing economy by the FM. The dose is a long acting balanced one. The sustained release of the budget proposal can be a good foundation to maintain the 8.5% growth rate. So get plant with the bud now and enjoy the fragrance of the flower later.

The auto sector will benefit from the excise cut but the rising cost of inputs is a great concern. So no run up or flare up at this point in time but the laggards will benefit the most in the long run.
The banking sector got the liquidity from the write off and support to the extent from the govt. The real problem is the new loan can get the repayment on time?.
The cigarettes get costlier that to the poor persons choice- no filtered one.
The Dividend double taxation is no more can support the parent companies whose subsidiaries are doing well.
The excise cut and rationalization of CENVAT can save good amount of tax saving to big companies, can add to the bottom line of the manufacturing sector.
The drag is from the petrochemical sector and the techies. The customs duty cut at the import level can save some amount but the levies on naptha will eat away the profits.
The tea sector got the excise relief.
The steel sector is nothing to worry or cry for the direct support from the govt. The infrastructure spending can take care.
The tourism and the hotel sector go hand in hand for their survival.
The cement companies are paying the price for the confrontation they made, now the telecom sector joined.
The set top boxes, data cords and the Internet expansion can add to volumes but not from the “Hello FM”.
The cold chain and the retailers are the sustained growth sectors in future got the required support from the budget.
The clear winner of the budget is the Pharma. The companies can get undisputed and the most required support on fronts. The hospitals also got the support and the health of net profit “insured”, be improved upon.

The Nifty can get the bottom support but the draggers put pressure on the top.

The politicians and the bureaucrats failed to dig-out the accumulated black money for more than 50 years but understood to crush the genuine tax players. The most unorganized sector of Dalal Street got deathblow. The Day traders whose support is crucial for the liquidity mercilessly squeezed. The need of the hour is to create a big union of the day traders and the short-term investors/momentum supporters to get the voice heard to the Delhi lobby.

A WILD DREAM- “THE MINISTER FOR SPECULATION” - WRITEOFF THE LOSSES MET BY DAY TRADERS AND SMALL INVESTORS AND 25 % TO HNIs, INCURRED DURING THE STEEPFALLS FROM 1991 UPTO JAN-2008. THE MINSTER ALSO QUOTED “ LOSS IS A LOSS TO ANY BODY AND THE GOVT. IS MADE BY EVEVRY BODY SO NOT COMITTED FOR SOMEBODY”.