Mutual Fund Performance Report as on 8 Jan 2010.

Please find below Mutual Fund Performance Report as on 8 Jan 2010. Mutual Funds have performed well since last year and the returns given by them are also exceeptional. The funds have outperformed the Indices when we compare the returns of the Fund with the Indices in 1Yr, 2Yr, 3Yr and 5 Yr. We recommend Mutual Fund Investments as a part of your portfolio to diversify the risks and also generate good returns.

*Due to limitations of space the tables might cross the screen size, you can click on the table to view the complete table.

Thanks,

Nimesh

Stock Picks - Please read disclaimer in Earlier Posts

We have not had much time to post / update our blog since the market hours and other commitments have been pre-occupying us. However our mail service subscribers have been getting updates to our stock ideas on a regular basis with updates to the same.

Following are the changes from our earlier post (http://denipconsultants.blogspot.com/2010/01/stock-picks-please-read-disclaimer-in_11.html)

• Amtek Auto – Long since 186 for a target of 196 (5% return)
•  DLF – Long since 390 waiting for best target of 412 (Target 3 of 400 met as mentioned in the Weekly Market Outlook) (3% return already met with, at best target we achieve a 6% return)
• Unitech – Long @ 90.4 for a target of 95 (5% return expected)
• Satyam – Long since 115.95 for a target 125 SL at 114
• IFCI – Long since 53.9 for a target of 56 /58 / 68

All other stock ideas were either closed / completed.

You can read the extract of the end of day update email sent to our subscribers at http://denipconsultants.blogspot.com/2010/01/email-extract-mail-service-subscribers.html

We still advise you to subscribe to these services to get efficient with our stock ideas by emailing us at dewang@denip.in / nimesh@denip.in (Free of charge service).

Email Extract - Mail Service Subscribers - Standard Disclaimer Applies

Following is an extract of the email sent to our subscribers for your reference. We advise you to subscribe to these services which are completely free by email us at dewang@denip.in / nimesh@denip.in

Email Extract:

Dear All,

The markets witnessed price decrease with heavy volumes as compared to the previous session so far. The screen saw much more RED than Green. The combination of price decrease along with a decrease in open interest for most stocks suggests that the markets witnessed “Winding up of long positions”. For the third consecutive session the markets witnessed more activity towards CALL rather than PUTs which also signals weakness in the markets.

As far as our stock ideas go, we are going to be carrying forward all our calls for the week and do not have any new calls since although the markets have witnessed a sell off the undertone remains positive. Following are the calls that are carried forward for the week.

·         Nifty – Long since 5244 for a target of 5300 (First target of 5270 met)

1.       Our stop loss at 5180 got violated with the Nifty testing 5176 but it looks like with the close above 5200 i.e. at 5243 Nifty will scale back again to 5300.

·         Amtek Auto – Long since 186 for a target of 196 (5% return)

1.       Closes at 183.64 and day low of 180.35. stop loss not yet triggered which is at 180

·         DLF – Long since 390 waiting for best target of 412 (Target 3 of 400 met as mentioned in the Weekly Market Outlook) (3% return already met with, at best target we achieve a 6% return)

1.       Closes at 387.85 with a high of 389.7. is a rate sensitive stock and hence got corrected.

·         HDFC Bank – Long since 1713 waiting for Target 3 (1750) & Best Target (1760) (Target 2 of 1732 met as mentioned in the Weekly Market Outlook) (Only 1% return with target 2 being hit but at best target we achieve a 3% return)

1.       Fell another 1% to 1689

·         Reliance Industries – Short for a target of 1050. CMP 1081 (3% return)(We are still bearish on Reliance Industries and hopefully the target will be achieved in a week’s time)

1.       Is finding major support at from 1060 – 1080. We advise you to close the short on this stock.

·         Unitech – Long @ 90.4 for a target of 95 (5% return expected)

1.       Rate sensitive stock and hence has been correcting since the past few days.

·         Satyam – Long since 115.95 for a target 125 SL at 114

1.       Closed at 116.7 with a day high of 117.4; on its way to 125

I have also attached the weekly market outlook we sent on Sunday night, in case some1 has misplaced/deleted it.

Thanks,

Dewang

Economic Times Awards 2009.

It was really good event for recognizing the contribution of great guns of India Inc. The selection for the awards were appropriate according to me all the winners deserved the award. I think this platform encourages them and also recognizes their contribution towards their company and the country. It is very difficult to compete with so many great CEO's and Top Executives to receive this award. Overall it was great Job by Economic Times, the organizer of event.

The Awards ceremony was attended by more than 400 CEO's which included all the big names of India Inc like Mukesh Ambani, Anil Ambani, Anand Mahindra, Kumar Birla, etc. Three top cabinet ministers, i,e.Pranab Mukherjee (Finance Minister), Anand Sharma (Minister of Commerce & Industry) and Kamal Nath (Minister of Road Transpost & Highways) also attended the awards. Bihar Chief Minister - Nitish Kumar, CEO coach Ram Charan, Aamir Khan and many other leading personality were preswent for the award at the Trident - Oberoi in Mumbai.

The winners of the awards are:

1. ET Life Time Achievement Award - Mr. Keshub Mahindra (Chairman Mahindra & Mahindra) receiving the award from Mr. Kamal Nath.

2. ET Business Leader of the Year - Mr. Anand Mahindra (Vice Chairman Mahindra & Mahindra) receiving the award from Mr. Pranab Mukherjee.

3. ET Company of the Year - Hero Honda. Mr. Pawan Munjal (MD Hero Honda) receiving the award from Mr. Kamal Nath.

4. ET Global Indian of the year - Mr. Ram Charan receiving the award from Mr. Pranab Mukherjee.

5. ET Business reformer of the year - Mr. Nitish Kumar (Chief Minister Bihar) receiving the award from Mr. Pranab Mukherjee.

6. ET Business Woman of the year - Ms. Vinita Bali (MD Britania Industries) receiving the award from Mr. Anand Sharma.

7. ET Emerging company of the year - Idea Cellular. Mr. Sanjeev Aga (MD Idea Cellular) receiving the award from Mr. Anand Sharma.

8. ET Entrepreneur of the year - Mr. GV Krishna Reddy (Chairman GVK Group) receiving the award from Mr. Kamal Nath.

9. ET Corporate citizen of the year - TERI. R.K. Pachauri (Director General) receiving the award from Mr. Kamal Nath.

Thanks,
Nimesh.

Stock Picks - Please read disclaimer in Earlier Posts

Following are the ideas we are carrying forward on stocks & indices:

•  Nifty – Long since 5244 for a target of 5300 (First target of 5270 met)
•  Amtek Auto – Long since 186 for a target of 196 (5% return)
•  DLF – Long since 390 waiting for best target of 412 (Target 3 of 400 met as mentioned in the Weekly Market Outlook) (3% return already met with, at best target we achieve a 6% return)
• HDFC Bank – Long since 1713 waiting for Target 3 (1750) & Best Target (1760) (Target 2 of 1732 met as mentioned in the Weekly Market Outlook) (Only 1% return with target 2 being hit but at best target we achieve a 3% return) 

Following are the new stock ideas for the week
·         Reliance Industries – Short for a target of 1050. CMP 1081 (3% return)
·         Unitech – Long @ 90.4 for a target of 95 (5% return expected)
·         Bharti Shipyard – Long @ 296.5 for a target of 311 (5% return expected)

Also, as one of my friends had asked me about Clutch auto which is currently trading @ 70.9 & my advice to him would be to book profits around 75 – 77 levels instead of betting for a target of 120. I believe that 75 – 77 levels would be hit because of a huge volume built up in this stock. However the stock has had too many gap up openings and is bound to fall and check those gap up openings starting from levels of close to 58.

Weekly Market Outlook - Sent to Email Subscription Clients

We also recommended buying the following stocks / index during the market hours to our email subscription clients:

• Nifty - Long Nifty @ 5244
• Target 5270 / 5300
• Stop loss 5180
• Target 1 of 5270 hit and 5300 almost completed with a day high of 5295
• Amtek Auto - Long @ 186
• Target 196
• Stop loss 190
• Amtek Auto had a day high of 193.5 & 196 was almost hit.

Subscribe to these services Free of Cost by sending an email to dewang@denip.in / nimesh@denip.in

New Standardized lot size for derivative contracts on individual securities.

SEBI has standardized the lot size for stock future. The revised lot size is given below:

The revised lot size will be effecice from 31 March 2010.

The Stock exchanges shall review the lot size once in every 6 months based on the average of the closing price of the last one month and whenever warrented, revise the lot size by giving an advance notice of atleast 2 weeks to the market.

If the revised lot size is higher than the existing one, it will be effective for only new contracts.

The circular is available on the SEBI website http://www.sebi.gov.in/ under Derivative-Circulars.

 

Stock Picks - Please read disclaimer in Earlier Posts

Following are the stock picks for tomorrow

• Aban Offshore - CMP 1443.9
• Target 1490 & Stop loss 1380 (3% gain)
• Target completed with a day high of 1517
• Abhishek Industries - CMP 15.5
• Target 16.1 & Stop loss 15 (4% gain)
• Target completed with a day high of 16.2

Nifty looks weak & so do most of the stocks. Still waiting for market to give us some direction.

As always updates to the post mentioned in green.

Stock Picks - Please read disclaimer in Earlier Posts

Hope you’ve made money off the stock ideas we have been sending across.

1. http://denipconsultants.blogspot.com/2010/01/stock-picks-please-read-disclaimer-in_06.html
2. http://denipconsultants.blogspot.com/2010/01/stock-picks-please-read-disclaimer-in.html

For tomorrow there are not many picks and we are waiting for the market to give us a direction. Most of the stocks seem to be on the verge of break out or break down and are very close to their support levels as well. So we are going to follow a wait and watch strategy for tomorrow.

However here are a few stock for all you compulsive traders out there:

• Idea Cellular – CMP 61.3. Target 62.3 & Stop loss 60.4
• Day high of 61.8 but closed at 60.9 closer to our stop loss level
• IDFC - CMP 165.5. Target 168 & Stop loss 162
• Day high of 167.2 but then closed at 164.95.
• IVRCL Infra - CMP 369. Target 375 & Stop loss 365
• Target completed with a day high of 385.7

Have a safe trading session.

As always updates to the post mentioned in green. To know what to do with Idea & IDFC subscribe to our mail services by emailing us at dewang@denip.in / nimesh@denip.in

Gold Performance from 2000- 2009 and List of Auspicious days to Invest in Gold in 2010.

Performance of Gold 2000-2009.

Since 2000 we can see that the value of Gold has increased consistently. From the below table we can see that the value of gold has increased by almost 400% in last 9 years.

Demand for Gold has increased year by year and is still increasing. People in India buy Gold for purposes like investment, jewellery, hedging, etc. Following are the days that are considered to be auspicious for buying gold in India in 2010.
 
 

 
1. Pushya Nakshatra:

Pushya, or Pushyami or Pusya, is one among the 27 nakshatras and the day Pushya Nakshatra falls is considered highly auspicious for beginning new ventures, investments and purchases.

2. Gurupushyamrut:
Gurupushyamrut, or Guru Pushyamrit yoga, is the day when Pushya Nakshatra falls on a Thursday. Gurupushyamrut yog day is considered highly auspicious to pray to Goddess Lakshmi and seek her blessings.

3. Gudhi Padwa:
Gudhi Padwa is celebrated on the first day of the Chaitra month, and is celebrated as New Year's Day by Maharashtrians and Hindu Konkanis.

4. Akshaya Tritiya:
Akshaya Tritiya, also known as Akha Teej is a Hindu holy day, that falls on the third Tithi (Lunar day) of Bright Half (Shukla Paksha) of Hindu month of Vaishakha. This day is ruled by god Vishnu, the preserver-god in the Hindu Trinity. It is also traditionally celebrated as the birth day of the Hindu sage Parashurama, the sixth avatar (incarnation) of the god Vishnu. According to Hindu mythology, on this day the Treta Yuga began and the river Ganges, the most holy and sacred river of India, descended to the earth from the heaven. The day is particularly considered auspicious for buying long term assets like gold and silver, including ornaments made of the same; diamond and other precious stones; and the real estate.

5. Dussehra:
The tenth day after Navratri is called Dussehra, on which number of fairs are organized throughout the northern India, burning effigies of Ravana.It is also called “Vijayadashmi” as this day marks the victory of Lord Rama over Ravana. VijayaDashami is considered to be an auspicious day for the Indian householder, on which he worships, protects and preserves 'Shakti' (power).

6. Dhanteras:
Dhanteras is the first day of the five-day Diwali Festival. The festival, also known as "Dhantrayodashi" or "Dhanwantari Triodasi", falls on the auspicious thirteenth lunar day of Krishna Paksha in the Hindu month of Ashwin. The word Dhanteras, Dhan stands for wealth. On Dhanteras, the "Owl" form of the Goddess Laxmi is worshiped to provide prosperity and well being. Dhanteras holds special significance for the business community due to customary purchases of precious metals on this day.

7. Lakshmi-puja:
The third day of the festival of Diwali is the most important day of Lakshmi-puja and is entirely devoted to the propitiation of Goddess Lakshmi. On this very day sun enters his second course and passes Libra which is represented by the balance or scale. Hence, this design of Libra is believed to have suggested the balancing of account books and their closing. Despite the fact that this day falls on an amavasya day it is regarded as the most auspicious.



Source: moneycontrol.com