BSE NAME CHANGE
Sr.
No
|
Existing Name
|
New Name
|
Scrip Code
|
Scrip ID for BOLT System
|
Abbreviated name on BOLT System
|
1.
|
Man Aluminium Limited
|
Maan Aluminium Limited
|
532906
|
MAANALU
|
MAANALU
|
Friday, March 11, 2011
Wednesday, March 09, 2011
BSE NAME CHANGE
Sr.
No
|
Existing Name
|
New Name
|
Scrip Code
|
Scrip ID for BOLT System
|
Abbreviated name on BOLT System
|
1.
|
Nagarjuna Construction Company Limited
|
NCC Limited
|
500294
|
NCC
|
NCC
|
Sr.
No
|
Existing Name
|
New Name
|
Scrip Code
|
Scrip ID for BOLT System
|
Abbreviated name on BOLT System
|
1.
|
New Bombay Printing & Dyeing Mills Limited
|
Perfect-Octave Media Projects Limited
|
521062
|
OCTAVE
|
OCTAVE
|
Tuesday, March 01, 2011
Budget 2011
The main impetus of the budget is to improve the growth rate and get it to 9 percent in the near term and to a double digit rate in the medium to longer term. The other two areas of focus are Infrastructure development especially in Rural India and Improving Governance by shoring up Systems and bringing stricter control on institutions.
Key points of the budget:
The government is very keen on ensuring that inflation is curbed and food security is ensured for all citizens.
Food items: Since inefficient distribution has been found to be the culprit for the sky rocketing of food prices, the FM has proposed to focus on reducing Production and Distributions bottlenecks. Food, vegetables, Meat etc will show an easing of prices in the medium term future.
Education: A higher allotment of funds in the form of over 24% hike as compared to last year for the Education Sector.
Income tax: More modernization of the taxation system is being mooted. A new form called "SUGAM" will make it easier for small tax payers to file their returns.
A miniscule hike of Rs 20000 in the exemption limit for tax payers has been introduced. The older citizens can feel happy as the FM has decrease the income tax "senior citizen" definition from age 65 to age 60 thus giving a big benefit to those born between 1946-1951. And for those who survive all the hardships of life and lvie to be over 80 they get a higher limit!!
Deduction of Rs 20000 for infrastructure bonds has been retained.
The direct taxes code which has been proposed to be implement from Aril 1, 2012. This has been in the offing for quite some time and is expected to make taxation simpler. The wait continues.
Direct transfer of Cash subsidy to be given to people below poverty line so that delivery of Kerosene, LPG and fertilizers happen in a more efficient and accountable manner
Selling off PSU's: Continuing the focus on divesting government stakes in Public Sector Undertakings the FM has proposed to look at raising Rs 40000 Crores from divestment in 11-12
Foreign Investment: The business environment is set to improve for Foreign companies as the government is looking at further liberalizing the FDI policy. More Foreign Direct Investment can only be good for the economy. Way to go...
Investment in infrastructure will go up since FII investment in corporate bonds has been raised. Better roads, Bridges are on their way.
Housing Loan: Loan limit has been enhanced to Rs 25 Lakh for housing under priority sector lending. Interest subsidy (subvention) of 1% on housing loan has been liberalized. People in the lower financial spectrum to get benefit from Mortgage Risk Guarantee Fund.
Agriculture: Higher allotment uinder Rashtriya Krishi Vikas Yojana of Rs 7860 Crores could see more support for the agriculture sector. Special focus on Vegetables in the form of Rs 300 crore for Vegetable initiative. Agriculture credit too raised to Rs 475, 000/- crores. Happier farmers could mean lower prices for the common man. Focus on Cold Chains and Storage could also lead to efficiency and in return reduction in prices and better quality vegetables reaching our kitchens.
Infrastructure is King: Rs 214000 Crores has been allotted for infrastructure for 2011-12. An increase of over 23% over the last year. We can see better highways and transport systems in the near future which could lead to reduction in inflation in the longer term.
Bring the money back: As expected the FM has taken note of the hue and cry over Black Money. Many new initiatives have been mooted to bring back black money in circulation.
Air travel and Medical aid to cost more: Service tax on air travel has been hiked. Hospitals with over 25 beds will have to pay tax on all services. So those posh hospitals could be giving you higher bills in the coming year.
Bottom line: Overall a very low key budget that has not given great cheer to any particular sector except for Agriculture and Infrastructure. But to give credit to the FM, this focus on these two most critical sectors will only mean that in the longer term all of us get to benefit from better Food stability and Better infrastructure.
Friday, February 18, 2011
BSE NAME CHANGE
Sr.
No
|
Existing Name
|
New Name
|
Scrip Code
|
Scrip ID for BOLT System
|
Abbreviated name on BOLT System
|
1.
|
Hindustan Continental Limited
|
Azure Exim Services Limited
|
531783
|
AZUREEXIM
|
AZURE EXIM
|
Thursday, February 10, 2011
Pattern [10-02-2011]
YESTERDAYS COMMENTS AND PERFORMANCE :
YESTERDAYS Predicted Nifty level and Actual levels :
After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY
5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is
5242-5223 EXACTTTTTTTTTTTTTLY] and Rally up 5277 [5277-5282 intra support EXACTTTTTTTTTTTTTTLY
act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get
our target 5169-5153 tomorrow or day after tomorrow.
9th Feb 2011 OHLC : open 5293, High 5339 Low 5225 Close 5253
10th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis /
Technical view of market / Nifty chart /
View of Market :
Forth Coming Results BSE NSE : Asian Hotel, Bombay Dyeing, Cairn India, CESC, GSPL, India cements,
IOC, Madras cements, Moser Baer, MRF, United Brew, Kesoram Inds, JSL Stainless
Technical View of NIFTY :
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
Negative breakout TGT 5153 almost matched with 23.6% (5161) of FIBO Cycle from 1292-6357.
Trend Line support 5202, Almost major correction in 744 points over, 100 points only lfet to reach
destination.+ve breakout projected trend line coincide with the Support trend line at 5236-5212.
-ve : Sideways, Hold Below hourly EMA. Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338. Scam news, ADAG group news and Political instability
Wednesday, February 09, 2011
NIFTY PERFORMANCE
After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY 5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is 5242-5223 EXACTLY] and Rally up 5277 [5277-5282 intra support EXACTLY act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get our target 5169-5153 tomorrow or day after tomorrow.
Fibonacci [09-02-2011]
YESTERDAYS COMMENTS AND PERFORMANCE :
YESTERDAYS Predicted Nifty level and Actual levels :
Trend support 5344-5339 [closed below 5339]
Trend resistance 5419-5424 [5432 Actual High]
So 23.6% swing 5374 is a key for further down side. (EXACTTTTTTTTTT)
8th Feb 2011 OHLC : open 5432, High 5432 Low 5303 Close 5312
9th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical
view of market / Nifty chart /
View of Market :
DJI Closed positive +71 FUTURE flat, SGX NIFTY 5397-16 -
Asian Market - FLAT/Mixed
Forth Coming Results BSE NSE : Todys Quartely result : Vishal Exports, Edserv, JCT Electronics,
JBF Industries, Essar Securities, CG-VAK, UB Holdings, Nirma, India securities, GMDC,
Technical View of NIFTY :
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
-ve : Sideways, Hold Below hourly EMA. Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338.
Tuesday, February 08, 2011
BSE NAME CHANGE
Sr.
No
|
Existing Name
|
New Name
|
Scrip Code
|
Scrip ID for BOLT System
|
Abbreviated name on BOLT System
|
1.
|
Sai Wires India Limited
|
Croitre Industries Limited
|
531648
|
CROITRE
|
CROITRE
|
Positive Divergence [08-02-2011]
YESTERDAYS COMMENTS AND PERFORMANCE :
YESTERDAYS Predicted Nifty level and Actual levels :
Trade support 5353-5365[5376 Actual low]
Trend resistance 5463-5449 [5440 Actual High]
7th Feb 2011 OHLC : open 5430, High 5440 Low 5376 Close 5396
8th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical
view of market / Nifty chart /
View of Market :
Asian Market - FLAT/+ve
Forth Coming Results BSE NSE : Todys Quartely result : Adani Power, Ansal Property, BEML, Finloex
Cables, Mangalore ref, Mreck, Mukta Arts, Patni Computer, Pidility Inds, Power Grid, PTC India,
RAJ oil.
Technical View of NIFTY :
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].
Exactly Nifty has taken the support at previous positive breakout neck line and retracement level
5399. Honour the 61.8% (5374) of Total retracement 4786-6338. So possible for some bounce back
from here. The 5400 Put option has witnessed higher Open interest of nearly one crore shares.,
indicating it to be a strong support in the near term, So 23.6% swing 5374 is a key for further
down side.
-ve : Sideways, Hold Below hourly EMA and
Forth Coming RESULTS
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