| OCTOBER STOCKOPTIONS - RAJKAMALSTOCKOPTIONS | ||||||||
| STOCK | DATE | STRIKE | ENTRY | TAR1 | TAR2 | SL | CLOSED CALL | P/L-2LOTS |
| RCOM | `1/10 | 170 CALL | 3.5 | 4.2 | 4.8 | 3 | EXIT COST | |
| RANBAXY | `1/10 | 360 CALL | 19.5 | 25 | 17 | 23 | 3500.00 | |
| KTKBANK | `1/10 | 85 CALL | 6.5 | 7.5 | 8.5 | 6 | EXIT COST | |
| KTKBANK | 3/10 | 90 CALL | 4.5 | 5.5 | 6.5 | 4 | 5 | 2000.00 |
| HINDALCO | 3/10 | 117.5 CALL | 4.5 | 5.5 | 5.2 | 5600.00 | ||
| SESAGOA | 3/10 | 210 CALL | 4.5 | 5.5 | 5.5 | 4000.00 | ||
| ZEE | 3/10 | 255 CALL | 2 | 9 | 14000.00 | |||
| LIC | 4/10 | 220 CALL | 5 | 8 | 10 | 6 | 2000.00 | |
| TATASTEEL | 7/10 | 300 CALL | 13 | 16 | 10 | 16 | 6000.00 | |
| RANBAXY | 7/10 | 390 CALL | 16.5 | 20 | 24 | 23 | 6500.00 | |
| RANBAXY | 7/10 | 420 CALL | 7 | 9 | 12 | 5 | 11 | 2000.00 |
| HINDALCO | 7/10 | 130 CALL | 1.75 | 2.25 | 2.75 | 1.25 | 2.75 | 8000.00 |
| APOLLOTYRE | 8/10 | 80 CALL | 1 | 2 | 8000.00 | |||
| KTKBANK | 8/10 | 95 CALL | 3.2 | 4.2 | 4000.00 | |||
| PUNJLYOD | 8/10 | 30 CALL | 1 | 1.3 | 4800.00 | |||
| PUNJLYOD | 8/10 | 32.5 CALL | 0.7 | 1 | 4800.00 | |||
| INFY | 9/10 | 3250 CALL | 115 | 135 | 5000.00 | |||
| IBREALESTATE | 9/10 | 65 CALL | 1.7 | 1.5 | 2.4 | 5600.00 | ||
| JPASSOCIATES | 9/10 | 40 CALL | 1.7 | 2.7 | 8000.00 | |||
| JINDALSTEL | 9/10 | 260 CALL | 4.4 | 5.4 | 2000.00 | |||
| LICHSG | 10/10 | 230 CALL | 3.9 | 5LOTS | 5 | 5000.00 | ||
| RANBAXY | 11/10 | 440 CALL | 8.5 | 13.5 | 5000.00 | |||
| ICICIBANK | 11/10 | 960 CALL | 42 | 50 | 4600.00 | |||
| TATAGLOBAL | 11/10 | 160 CALL | 4.5 | 5.5 | 4000.00 | |||
| TATAMOTORS | 11/10 | 390 CALL | 10 | 11 | 2000.00 | |||
| TATASTEEL | 15/10 | 330 CALL | 5 | 7 | 4000.00 | |||
| SESAGOA | 18/10 | 200 CALL | 2.15 | 6.5 | 16000.00 | |||
| ITC 350 | 18/10 | 350 CALL | 7.5 | 10.5 | 6000.00 | |||
| HINDALCO | 18/10 | 115 CALL | 3.3 | 4.3 | 8000.00 | |||
| HDIL | 18/10 | 45 CALL | 0.95 | 10.45 | 4000.00 | |||
| AUROPHARMA | 21/10 | 220 CALL | 5 | 7 | 8000.00 | |||
| COALINDIA | 21/10 | 300 CALL | 2.9 | 3.9 | 2000.00 | |||
| RCOM | 21/10 | 170 CALL | 0.55 | 1.1 | 4000.00 | |||
| RENUKA | 22/10 | 22.5 CALL | 0.95 | 1.4 | 8000.00 | |||
| JAIN IRRIGATION | 23/10 | 65 CALL | 1.5 | 2.5 | 8000.00 | |||
| TATAGLOBAL | 24/10 | 165CALL | 2.5 | 3.5 | 4000.00 | |||
| RENUKA | 28/10 | 22.5 CALL | 1.5 | 2.25 | 13500.00 | |||
| ADANIENT | 28/10 | 210 CALL | 4.5 | 6 | 3000.00 | |||
| SBI | 31/10 | 1750 CALL | 8 | 5 LOTS | 50 | 26500.00 | ||
| 231400.00 | ||||||||
Thursday, October 31, 2013
OCTOBER STOCKOPTIONS - RAJKAMALSTOCKOPTIONS
Tuesday, October 29, 2013
Tata Steel cuts 500 jobs in Scunthorpe, Workington and Teesside
29 October 2013
Last updated at 10:55 GMT BBC News
The planned cuts have been blamed on prolonged weak demand in the construction industry.
About 340 jobs could be affected in Scunthorpe, 90 in Workington and 40 in Teesside.
The company said the cuts would mainly affect management and administrative roles.
'Fragile economy' Chief executive of Tata Steel's European operations, Karl Koehler said: "European steel demand this year is expected to be only two-thirds of pre-crisis levels after falls in the past two years.
"On top of the challenging economic conditions, rules covering energy and the environment in Europe and the UK threaten to impose huge additional costs on the steel industry."
He said they would work with staff and unions during the restructuring to support employees.
General Secretary of the Community Union Michael Leahy said: "We recognise the business has been dealing with a downturn in some of its markets for the past five years.
"Nevertheless, this news once again reflects the fragile state of our economy and the lack of any real impetus by government to support our manufacturing base.
"Community is seeking an urgent meeting with the company to get their agreement to extending the consultation period to allow for all alternatives to be explored and also to reiterate Community's opposition to any compulsory redundancy."
Tata Steel cuts 500 jobs in Scunthorpe, Workington and Teesside
Nearly 500 jobs are due to be cut by Tata Steel at its plants in Scunthorpe, Workington and Teesside, the company has confirmed.
About 340 jobs could be affected in Scunthorpe, 90 in Workington and 40 in Teesside.
The company said the cuts would mainly affect management and administrative roles.
'Fragile economy' Chief executive of Tata Steel's European operations, Karl Koehler said: "European steel demand this year is expected to be only two-thirds of pre-crisis levels after falls in the past two years.
"On top of the challenging economic conditions, rules covering energy and the environment in Europe and the UK threaten to impose huge additional costs on the steel industry."
He said they would work with staff and unions during the restructuring to support employees.
General Secretary of the Community Union Michael Leahy said: "We recognise the business has been dealing with a downturn in some of its markets for the past five years.
"Nevertheless, this news once again reflects the fragile state of our economy and the lack of any real impetus by government to support our manufacturing base.
"Community is seeking an urgent meeting with the company to get their agreement to extending the consultation period to allow for all alternatives to be explored and also to reiterate Community's opposition to any compulsory redundancy."
Rajan Needs Help From New Delhi in Inflation Fight
Rajan Needs Help From New Delhi in
Inflation Fight
The Wall Stree Journal
While India’s central bank head Raghuram Rajan stuck to his guns in his standoff with inflation, raising interest rates Tuesday, economists said he will need more help from New Delhi to successfully arrest rising prices.
While India’s central bank head Raghuram Rajan stuck to his guns in his standoff with inflation, raising interest rates Tuesday, economists said he will need more help from New Delhi to successfully arrest rising prices.
On Tuesday the Reserve Bank of India governor raised India’s key overnight lending rate by a quarter percentage point to 7.75%. While the hike was expected, it was the second consecutive rate increase by Mr. Rajan since he took office last month, reversing an earlier easing trend started by his predecessor.
The RBI had lowered rates by 1.25 percentage points from April 2012 to May 2013 as inflation at that time seemed in control. A sharp depreciation in the rupee, which makes imports more expensive, has since fanned the flames of inflation and forced the central bank to turn hawkish.
“Curbing mounting inflationary pressures and managing inflation expectations will help strengthen the environment for growth by fostering macroeconomic and financial stability,” Mr. Rajan said after announcing the rise in interest rates Tuesday.
Wholesale prices—the most closely followed indicator of inflation in India—jumped to a seven-month high of 6.46% in September. It has been stuck above the central bank’s comfort level of 5% for more than four months. Meanwhile India’s consumer price index, less important for the country’s policy makers but an important indicator of how India’s poor are being affected, has recently been hovering near 10%.
Mr. Rajan has had to make tough decisions to deal with inflation even as India is caught in a painful slowdown.
Growth in gross domestic product dipped to a 10-year low of 5% in the fiscal year ended March, compared with above 9% seen in the years before. Next year will likely be worse for the south Asian nation, economists say.
The Asian Development Bank recently slashed its growth forecast for India to 4.7% for the year ending next March from a previous prediction of 6.0%.
If India wants to get out of this rut New Delhi and the Mumbai-based RBI have to work together. New Delhi needs to open its economy more and lower government spending which is pushing up interest rates and demand, economists said. The central government also needs to help encourage investment in the country’s overburdened supply chains, roads, ports and power plants which exacerbate inflation by adding to costs of delivery and production.
“In this kind of situation where pressure is coming from high food prices so monetary policy will be less effective,” by itself at keeping prices from rising, said Siddhartha Sanyal, India economist at Barclays Capital.
The government will have to take measures to lift the supply of foods, he said, such as allowing more vegetable imports. The government will also have to reform the process through which land is acquired and infrastructure is built, he added.
“Bringing about a sustained recovery in growth and inflation down, however, also hinges importantly on the government moving from the announcement to the implementation of structural reforms,” which encourage investment and reign in government spending, Leif Eskesen, HSBC’s chief economist for India and Southeast Asian countries said in a report Tuesday.
“With inflation risks still tilted to the upside, the RBI has to keep its inflation guards up and stand ready, if needed, to raise rates further to bring inflation under control.
However, the RBI cannot do all of this alone and the government needs to chip in with structural reforms and fiscal consolidation.”
– Anant Vijay Kala contributed to this post.
On Tuesday the Reserve Bank of India governor raised India’s key overnight lending rate by a quarter percentage point to 7.75%. While the hike was expected, it was the second consecutive rate increase by Mr. Rajan since he took office last month, reversing an earlier easing trend started by his predecessor.
The RBI had lowered rates by 1.25 percentage points from April 2012 to May 2013 as inflation at that time seemed in control. A sharp depreciation in the rupee, which makes imports more expensive, has since fanned the flames of inflation and forced the central bank to turn hawkish.
“Curbing mounting inflationary pressures and managing inflation expectations will help strengthen the environment for growth by fostering macroeconomic and financial stability,” Mr. Rajan said after announcing the rise in interest rates Tuesday.
Wholesale prices—the most closely followed indicator of inflation in India—jumped to a seven-month high of 6.46% in September. It has been stuck above the central bank’s comfort level of 5% for more than four months. Meanwhile India’s consumer price index, less important for the country’s policy makers but an important indicator of how India’s poor are being affected, has recently been hovering near 10%.
Mr. Rajan has had to make tough decisions to deal with inflation even as India is caught in a painful slowdown.
Growth in gross domestic product dipped to a 10-year low of 5% in the fiscal year ended March, compared with above 9% seen in the years before. Next year will likely be worse for the south Asian nation, economists say.
The Asian Development Bank recently slashed its growth forecast for India to 4.7% for the year ending next March from a previous prediction of 6.0%.
If India wants to get out of this rut New Delhi and the Mumbai-based RBI have to work together. New Delhi needs to open its economy more and lower government spending which is pushing up interest rates and demand, economists said. The central government also needs to help encourage investment in the country’s overburdened supply chains, roads, ports and power plants which exacerbate inflation by adding to costs of delivery and production.
“In this kind of situation where pressure is coming from high food prices so monetary policy will be less effective,” by itself at keeping prices from rising, said Siddhartha Sanyal, India economist at Barclays Capital.
The government will have to take measures to lift the supply of foods, he said, such as allowing more vegetable imports. The government will also have to reform the process through which land is acquired and infrastructure is built, he added.
“Bringing about a sustained recovery in growth and inflation down, however, also hinges importantly on the government moving from the announcement to the implementation of structural reforms,” which encourage investment and reign in government spending, Leif Eskesen, HSBC’s chief economist for India and Southeast Asian countries said in a report Tuesday.
“With inflation risks still tilted to the upside, the RBI has to keep its inflation guards up and stand ready, if needed, to raise rates further to bring inflation under control.
However, the RBI cannot do all of this alone and the government needs to chip in with structural reforms and fiscal consolidation.”
– Anant Vijay Kala contributed to this post.
OCTOBER NIFTY OPTIONS - RAJKAMALSTOCKOPTIONS
| OCTOBER NIFTY OPTIONS - RAJKAMALSTOCKOPTIONS | |||||||
| NIFTY OPTION | DATE | ENTRY | SL | TAR`1 | TAR`2 | CLOSE CALL | P / L - 5 LOTS |
| NIFTY 5800 CALL | 1/10/2013 | 165 | 150 | 175 | 195 | 180 | 3750 |
| BANKNIFTY 10500 CALL | 3/10 | 285 | 260 | 350 | 450 | 330 | 5625 |
| NIFTY 5600 PUT | 4/10 | 50 | 40 | 60 | 2500 | ||
| NIFTY 5600 PUT | 7-10 | 60 | 75 | 3750 | |||
| NIFTY 6050 CALL | 7-10 | 82 | 70 | 102 | 5000 | ||
| NIFTY 5900 PUT | 8/10 | 117 | 130 | 3250 | |||
| NIFTY 6150 CALL | 9/10 | 75 | 95 | 5000 | |||
| BANKNIFTY 10700 CALL | 11/10 | 245 | 320 | 3500 | |||
| NIFTY 6000 CALL | 18/10 | 165 | 200 | 8750 | |||
| NIFTY 6300 CALL | 18/10 | 27 | 42 | 3750 | |||
| BANKNIFTY 10800 CALL | 18/10 | 206 | 250 | 5750 | |||
| NIFTY 6150 CALL | 23/10 | 60 | 80 | 5000 | |||
| NIFTY 6200 PUT | 23/10 | 72 | 92 | 5000 | |||
| NIFTY 6100 CALL | 24/10 | 108 | 172 | 16000 | |||
| NIFTY 6100 CALL | 29/10 | 55 | 125 | 17500 | |||
| 94125 | |||||||
Monday, October 28, 2013
BANKNIFTY STRATEGY FOR TOMORROW
BANKNIFTY STRATEGY FOR TOMORROW
BUY 10,000 PUT AT 12
BUY 11,700 CALL @ 7
TARGET 35
TARGET 35
TARGET 35
TARGET 35
TARGET 35
it gets worse before better
Life is to live every moment positively...........No one is perfect..........Need to try...............always.........to keep life going...............
Govt clears 13 FDI proposals worth Rs 1,258 crore
Govt clears 13 FDI proposals worth Rs 1,258 crore
PTI New Delhi
Last Updated: October 28, 2013 | 00:00 IST
The government on Monday cleared 13 foreign direct investment (FDI) proposals, totalling Rs 1,258 crore,
and referred Axis Bank's proposal for increasing foreign equity
amounting to about Rs 6,266 crore for consideration of the Cabinet.
"Based on the recommendations of Foreign Investment Promotion Board (FIPB)... Government has approved 13 Proposals of foreign direct investment amounting to Rs 1258.53 crore approximately," the Finance Ministry said.
FIPB, in its September 19 meeting, had also deferred decision on 8 FDI applications while two were rejected, it said.
Among major proposals that have been approved include Shantha Biotechnics (Rs 755 crore), Equitas Holdings (Rs 222.8 crore) and Stork Titanium (Rs 156 crore).
Shantha Biotechnics has been given permission to buy out the shares held by NRIs and Indian residents and to infuse fresh equity investment.
The finance ministry further said the proposal of private sector lender Axis Bank, amounting to Rs 6,265.76 crore has been recommended for consideration of Cabinet Committee on Economic Affairs as the investment involved in the application is above Rs 1,200 crore.
The bank had sought FIPB's nod to increase the foreign equity from the existing 49 per cent to 62 per cent.
Proposals on which decision was deferred include Jubilant Aeronatics, Soma Tollways, M D Shajahan Bablu, Bangladesh, and Green Destinations Holdings, Mauritius.
The finance ministry also said that decisions on five proposals have been kept in abeyance.
During the April-August period of 2013-14 fiscal, FDI inflows into the country stood at $8.46 billion, up 4 per cent from $8.16 billion in the year ago period.
"Based on the recommendations of Foreign Investment Promotion Board (FIPB)... Government has approved 13 Proposals of foreign direct investment amounting to Rs 1258.53 crore approximately," the Finance Ministry said.
FIPB, in its September 19 meeting, had also deferred decision on 8 FDI applications while two were rejected, it said.
Among major proposals that have been approved include Shantha Biotechnics (Rs 755 crore), Equitas Holdings (Rs 222.8 crore) and Stork Titanium (Rs 156 crore).
Shantha Biotechnics has been given permission to buy out the shares held by NRIs and Indian residents and to infuse fresh equity investment.
The finance ministry further said the proposal of private sector lender Axis Bank, amounting to Rs 6,265.76 crore has been recommended for consideration of Cabinet Committee on Economic Affairs as the investment involved in the application is above Rs 1,200 crore.
The bank had sought FIPB's nod to increase the foreign equity from the existing 49 per cent to 62 per cent.
Proposals on which decision was deferred include Jubilant Aeronatics, Soma Tollways, M D Shajahan Bablu, Bangladesh, and Green Destinations Holdings, Mauritius.
The finance ministry also said that decisions on five proposals have been kept in abeyance.
During the April-August period of 2013-14 fiscal, FDI inflows into the country stood at $8.46 billion, up 4 per cent from $8.16 billion in the year ago period.
OCTOBER STOCKOPTIONS - RAJKAMALSTOCKOPTIONS
| OCTOBER STOCKOPTIONS - RAJKAMALSTOCKOPTIONS | ||||||||
| STOCK | DATE | STRIKE | ENTRY | TAR1 | TAR2 | SL | CLOSED CALL | P/L-2LOTS |
| RCOM | `1/10 | 170 CALL | 3.5 | 4.2 | 4.8 | 3 | EXIT COST | |
| RANBAXY | `1/10 | 360 CALL | 19.5 | 25 | 17 | 23 | 3500.00 | |
| KTKBANK | `1/10 | 85 CALL | 6.5 | 7.5 | 8.5 | 6 | EXIT COST | |
| KTKBANK | 3/10 | 90 CALL | 4.5 | 5.5 | 6.5 | 4 | 5 | 2000.00 |
| HINDALCO | 3/10 | 117.5 CALL | 4.5 | 5.5 | 5.2 | 5600.00 | ||
| SESAGOA | 3/10 | 210 CALL | 4.5 | 5.5 | 5.5 | 4000.00 | ||
| ZEE | 3/10 | 255 CALL | 2 | 9 | 14000.00 | |||
| LIC | 4/10 | 220 CALL | 5 | 8 | 10 | 6 | 2000.00 | |
| TATASTEEL | 7/10 | 300 CALL | 13 | 16 | 10 | 16 | 6000.00 | |
| RANBAXY | 7/10 | 390 CALL | 16.5 | 20 | 24 | 23 | 6500.00 | |
| RANBAXY | 7/10 | 420 CALL | 7 | 9 | 12 | 5 | 11 | 2000.00 |
| HINDALCO | 7/10 | 130 CALL | 1.75 | 2.25 | 2.75 | 1.25 | 2.75 | 8000.00 |
| APOLLOTYRE | 8/10 | 80 CALL | 1 | 2 | 8000.00 | |||
| KTKBANK | 8/10 | 95 CALL | 3.2 | 4.2 | 4000.00 | |||
| PUNJLYOD | 8/10 | 30 CALL | 1 | 1.3 | 4800.00 | |||
| PUNJLYOD | 8/10 | 32.5 CALL | 0.7 | 1 | 4800.00 | |||
| INFY | 9/10 | 3250 CALL | 115 | 135 | 5000.00 | |||
| IBREALESTATE | 9/10 | 65 CALL | 1.7 | 1.5 | 2.4 | 5600.00 | ||
| JPASSOCIATES | 9/10 | 40 CALL | 1.7 | 2.7 | 8000.00 | |||
| JINDALSTEL | 9/10 | 260 CALL | 4.4 | 5.4 | 2000.00 | |||
| LICHSG | 10/10 | 230 CALL | 3.9 | 5LOTS | 5 | 5000.00 | ||
| RANBAXY | 11/10 | 440 CALL | 8.5 | 13.5 | 5000.00 | |||
| ICICIBANK | 11/10 | 960 CALL | 42 | 50 | 4600.00 | |||
| TATAGLOBAL | 11/10 | 160 CALL | 4.5 | 5.5 | 4000.00 | |||
| TATAMOTORS | 11/10 | 390 CALL | 10 | 11 | 2000.00 | |||
| TATASTEEL | 15/10 | 330 CALL | 5 | 7 | 4000.00 | |||
| SESAGOA | 18/10 | 200 CALL | 2.15 | 6.5 | 16000.00 | |||
| ITC 350 | 18/10 | 350 CALL | 7.5 | 10.5 | 6000.00 | |||
| HINDALCO | 18/10 | 115 CALL | 3.3 | 4.3 | 8000.00 | |||
| HDIL | 18/10 | 45 CALL | 0.95 | 10.45 | 4000.00 | |||
| AUROPHARMA | 21/10 | 220 CALL | 5 | 7 | 8000.00 | |||
| COALINDIA | 21/10 | 300 CALL | 2.9 | 3.9 | 2000.00 | |||
| RCOM | 21/10 | 170 CALL | 0.55 | 1.1 | 4000.00 | |||
| RENUKA | 22/10 | 22.5 CALL | 0.95 | 1.4 | 8000.00 | |||
| JAIN IRRIGATION | 23/10 | 65 CALL | 1.5 | 2.5 | 8000.00 | |||
| TATAGLOBAL | 24/10 | 165CALL | 2.5 | 3.5 | 4000.00 | |||
| RENUKA | 28/10 | 22.5 CALL | 1.5 | 2.25 | 13500.00 | |||
| ADANIENT | 28/10 | 210 CALL | 4.5 | 6 | 3000.00 | |||
| 204900.00 | ||||||||
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