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The Sensex & Nifty touched fresh all-time highs on Wednesday, mainly driven by foreign investors who went for robust buying on hopes the new government would announce steps to strengthen the economy in the coming Union Budget.
Finance Minister Arun Jaitley's recent comments - "mindless populism" in policy making needs to be checked and high fiscal deficit and inflation pose major challenges to the country - sparked hopes among investors that the government was ready to take difficult measures to bring the economy back on track.
In what appeared to be a strong endorsement of Jaitley's views ahead of next week's Budget presentation, the BSE Sensex on Wednesday rallied 324.86 points, or 1.27 per cent over its previous close, to end the day at 25,841.2, topping the previous all-time high of 25,583.7 on June 10. The National Stock Exchange's Nifty also closed at a record high. It rose 90 points, or 1.18 per cent, to close at 7,725.15
Yesterday Nifty Closing Above 7700 ........If Nifty Manage to
Close Above 7700 On Weekly Basis On Going Rally In Market
May Extend to .... 7942.... 7961....8140....
But Cautious Time To Come Soon!!!!!
The Finance Minister Arun Jaitley on Tuesday strongly hinted that the upcoming budget would not be an exercise of "mindless populism", given that the economy is faced with severe challenges.
"The country needs to be put back on its rails and it is a daunting proposition", Jaitley said at the CA Institute's foundation day celebrations' here.
Jaitley however said that the "absolute majority" enjoyed by the BJP government will ease the decision making process for the new regime at the Centre.
"This relative ease in decision making will result in ease of doing business in India", Jaitley said, much to the relief of the investing community in the country and abroad.
Prime Minister Narendra Modi has said the nation needs to think big and focus on skill, scale and speed to revive India's growth story and called for substantially enhancing the "input of intellectual think-tanks" for better policy frameworks.
Speaking at a function to release a book edited by Bibek Debroy, Ashley Tellis and Reece Trevor titled "Getting India Back on track - an action agenda for reform", the PM also called for universities to actively analyse the developmental process in the country and contribute in making more informed policy-related decisions.
Modi released the book, published by Carnegie Endowment for International Peace, at his Race Course Road residence on Sunday. "The need of the hour is to think big. The more we focus on skill, scale & speed, it will increase India's growth trajectory," the PM later tweeted "Sadly, role of think tanks has not increased to provide critical inputs to policy making," the PM said, possibly referring to bodies like the Planning Commission that he had been extremely critical of, during his annual visits to Yojana Bhawan to discuss state allocations.
India's infrastructure building efforts, the PM said, need to shift from highways to "i-ways" and optical fibre networks. "Cities in the past were built on river-banks. They are now built along highways. But in future, they will be built based on availability of opticalfibre networks and next-generation infrastructure," Modi said, adding that urbanization should be treated as an opportunity instead of a problem.
BUT HOW CAN IT BE WON????
FOR THIS JUST JOIN
IF YOU TRY!!!!!!!!
.............YOU MAY WIN OR YOU MAY LOSE.........
...............IF YOU NOT TRY YOU NEVER WIN ..............
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Warren Buffett’s investment ideas asks us to buy stocksof only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.
Think Big TO EARN BIGGG
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What To Do Today..........
Our Opininon for Today's Market.......
1.Market Looks Volatile.....
1.Some Insider Say NIfTy go up to 6200
What To Do Today........
Nifty....Today Face Resistance at......7758...7795..7845
Nifty.....Today Support at ..7620...7562...7505
Nifty Range...6300--------7900
TRACK ME RESEARCH......
NEXT TGT FOR
Our Opinion for Today's Market.......
1.Stock Specific Movement Expected Today ......
2. Mid-caps Looks Good....
INTRADAY HOT STOCKS: 4/7/2014
buy ashinpn @ 575 tgt 620/640 sl 560
buy hindalco sl 161 tgt 190
buy biocon sl 530 tgt 550/560/580
buy boi sl 275 tgt 350++
buy ongc around 415-420 tgt 480+
buy RIL arounf 1020-1040 sl 980 tgt 1100/1150
buy ICICI BK SL 1395 TGT 1450/1480/1510 sell below 1390
BUY HDFCBK AROUND 815-825 TGT 840/850/880 SL 795
ALL PSU STOCKS LOOK GOOD
L&T FINANCE HOLDINGS
(BSE TICKER-533519@ Rs.75/-)
Yeessssssssssssssssssssssssss
RBI TO ANNOUNCE NEW BANK LICENCE SOON
L&T HOLDINGS EXPCTED TO GET FIRST BANKING LICENCE !!!!
Rs.90/120/- Rs.150/-
Alert:- Our Subscriber's Long in Stock!!!
DELTA CORP
(Bse Ticker-532848@ Rs.90/-)
Stock Again Ready For Big Up Move
Above Rs.101/-
Uppar Range For Stock Rise to Rs.140/-
TARGET
Rs.120/150/200 SL Rs.79/-
MARKSANS PHARMA
(Bse Ticker-524404@ Rs.18.80)
Just Watch Rs.19.25 Clsoing Above Rs.19.25
Gate Open For Stock To Cross Rs.28/-
TARGET
Rs.21/- Rs.24/30/35/40/80 SL Rs.15/-
Forget Short Term Movment
