Tuesday, April 10, 2012

11/04/2012 stock news

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WE READY FOR ANOTHER 0.50% CUT IN CRR ON 15th March

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95% Chance of ANOTHER CRR CUT on 15th March

70% Chance 0.25% REPO RATE CUT

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The Union government is considering granting agriculture status to the seafood industry, including aquaculture. This old demand of the seafood industry is expected to be fulfilled in Union Budget 2012 , according to sources.

The seafood sector has an industry status and is under the control of the ministry of commerce.

Since fish farming is a fast growing business and similar to agriculture activities, the Seafood Exporters Association of India (SEAI) has been pressing this demand for quiet some time.

“The agri status will benefit the industry in a multifaceted ways,” said Ravi Reddy, president, SEAI. The fish production sector, especially aquaculture farms, are not getting sufficient loans from financial institutions. Once the status is granted, loans at lower interest rates will be easy and will benefit thousands of aquaculture farmers.

Because of inadequate finance and high risk in the production, insurance is also not provided to this sector. A majority of the aquaculture farms in the country are not yet insured, he added.

Also, power will be provided at lower rates, as in the case of farming. For the sea fishing sector, diesel might be available at subsidised rates for mechanised boats.

The country produced 145,600 tonnes of products through aquaculture yearly valued at Rs 3,585 crore in 2010-11.

Production increased 39.7 per cent as against 41,381 tonnes valued at Rs 1,054 crore in 2009-10

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Nifty....Today Face Resistence at......5295...5340...5455

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Nifty Range...4200--------6600

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NEXT TGT FOR

WE SHORT NIFTY @6100 TGT 5350 / 4800

OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO

DONE 4850

Scammmmmmmmm Rumors Every where

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Our Opininon for Today's Market.......

1.Stock Specific Movement Expected Today ......

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INTRADAY HOT STOCKS: 11/04/2012

BUY BGR AB 363 TGT 367/369 SL 360 SELL BELOW 355 tgt hit
buy biocon@ 241 tgt 243/245 sl 238open
buy titan @ 242 tgt 244/248sl 238 tgt hit
SELL ACC BELOW@ 1300 TGT 1292/1280 SL 1315 tgt hit
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buy sbi @ 2150 tgt 2160/2175 tgt hit
buy icicbk@ 865 tgt 872 tgt hit
buy bk nifty@ 10150 tgt 10250/10350 tgt hit
buy nifty@ 5210 tgt 5240/5280 tgt hit
sell gujgas@ 325 tgt 320/315 tgt hit
commdities
buy silver@ 55800 tgt 56000/56150 tgt hit
currency
buy usd@ 51.65 tgt 51.75/51.8 tgt hit

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