Nifty futures intra day chart showing how the Nifty played and real testimonial

dhanvarshagrp (5/31/2010 2:01:43 PM): please let me know ur gains

smriti jain (5/31/2010 2:03:48 PM): Dear Sir
smriti jain (5/31/2010 2:04:30 PM): I had bought united sprirt june future @ 1214, and after that it dipped to1098, My loss was almost 30 K
smriti jain (5/31/2010 2:04:44 PM): and had u not asked to wait i would have exited.
smriti jain (5/31/2010 2:04:49 PM): and booked loss
smriti jain (5/31/2010 2:05:14 PM): thanks to ur guidance i not only held the stock but also finally booked a profit of 2700
smriti jain (5/31/2010 2:05:15 PM): thanks a ton

Nifty behaving as I wrote in morning ,,,,

Nifty behaving as I wrote in morning ,,,,

Nifty Futures Levels ..and explanation of support / resistance levels in simple ..

<<<4950>>><<<4972>>><<<4986>>><<<5001>>><<<5021>>>
<<<5036>>><<<5060>>><<<<5086>>>
These levels are crucial levels ... Nifty futures generally trade between any of the two levels... successive penetration of each level will lead the price to the next level...
To move upside lot of buying interest with heavy volumes must required to penetrate upper level ...same for breaking of lower level...if buyers disappear and sellers will appear on the scene  then lower level will be broken and then keep eye on next lower level .
As and when penetration of level is done...It will change its role ...because the name of particular level viz support/resistance depends upon the price of instrument ...
suppose if Nifty is trading at 5027 then  5021 will be support and 5036 will be resistance level at that time ...
and these level will try their best to keep nifty within them ...
and if u will see buying pressure then  they will break 5036 and price will come up to 5045 in minutes then u can hope for 5060 but now 5036 will play the role of support level ...
you can imagine support / resistance levels like this ....

will u easily penetrate floor / roof of any of the story of this structure ????

Please read the instructions, carefully before placing your trade order for nice gains by clicking this link.

 http://dhanvarshagrp.blogspot.com/2010/01/how-to-trade-on-my-calls.html

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		Indonesia  [1%]
		Australia  [1%]
		Hong Kong S.A.R., China  [1%]
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		Norway  [1%]
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RNRL ....Call is still active .

RNRL ....Call is still active ..those booked profit at higher levels say above 56 may still enter at lower levels ...

Lot size is 4000 in F & O ...just think  who entered at 43 ..44 levels it made a high og 56.90 ..just 3 days back ...

Is Mukesh Ambani eyeing a foray into telecoms?

Within days of revoking a non-compete agreement with younger brother Anil, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani is believed to have held a long-drawn-out discussion with Bharti Group Chairman Sunil Bharti Mittal.

The meeting took place on May 26, the day Mukesh Ambani arrived in the Capital to attend the meeting of the Prime Minister’s Council on Trade and Industry.

An RIL spokesperson declined to comment either on the meeting or the discussions held, but a source said Confederation of Indian Industry (CII) President Hari S Bhartia was also present.

The two Ambanis on May 23 decided to scrap a non-compete agreement reached by them in January 2006. However, they decided that Mukesh Ambani will keep out of gas-based power plants till 2022.

They had also announced that they would expeditiously negotiate a gas-supply agreement in accordance with the Supreme Court order of May 7.

There is speculation that Mukesh Ambani could venture into the telecom sector soon and sources indicate that he could pick up stake in one of the domestic telecom companiess, particularly those who acquired licences in 2008.

Mukesh Ambani is talking to new licence holders, including Videocon, which has a pan-India licence and is looking for a partner to bring in capital to roll out services, sources said.

The elder Ambani had overseen setting up of the telecom business in the undivided Reliance empire (under the brand Reliance Infocomm), but the business went to younger brother Anil Ambani when the brothers decided to part ways in June 2005. The venture has been  renamed Reliance Communications since.

Hush-hush talks?

Mukesh Ambani is believed to have held a long-drawn-out discussion with Bharti Group Chairman Sunil Bharti Mittal.

The meeting took place on May 26 at New Delhi.

The Ambani brothers on May 23 decided to scrap a non-compete pact reached in 2006.

Source :http://www.hindustantimes.com/rssfeed/corporatenews/Is-Mukesh-Ambani-eyeing-a-foray-into-telecoms/Article1-549927.aspx

12% gain on RCOM in 5 Days

We advised u "RCOM is available at its lowest price and has emerged as No 1 Bidder in 3G bidding just over..canbe bought at 132 and above for minimum 30 % gains within 6 months ." here at 

http://dhanvarshagrp.blogspot.com/2010/05/rcom-is-nice-buy.html

and it is at 12 % + up within a week only 
Yesterday Made a high of 148 /- and closed at 147.60 ....
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Nifty Weekly Chart 28 May 2010 and predicted range

Next week range ....   4880 >>><<<<5280

Fitch downgrade caps miserable week for Spain

(Reuters) - Fitch cut Spain's credit rating by one notch on Friday, sending markets lower and capping a horrible week for a government struggling to convince investors it can solve its economic woes and avoid a Greek-style debt crisis.

Fitch Ratings linked the downgrade to AA+ from AAA to the record levels of household and corporate debt in Spain, as well as mounting public debt, which it said would act as a drag on economic growth.

World equities slid and the euro fell below $1.23 after the downgrade, which stoked fears that Spain, the euro zone's fourth largest economy, could suffer a crisis similar to the one which forcedGreece to agree a 110 billion euro rescue with the EU and IMF earlier this month.

Because the Spanish economy is far bigger than Greece's, a crisis there would have far more serious implications for the 16-nation euro zone and global growth.

"Spain is the 800-pound gorilla in the room," said Win Thin, a senior currency strategist at Brown Brothers Harriman in New York.

Fitch is the second agency to cut its rating on Spain after Standard & Poor's downgraded the country last month. In addition to the debt woes, Fitch cited the inflexibility of the labor market and the cost of restructuring Spain's network of unlisted savings banks as hurdles to recovery.

The Spanish economy hit a wall when a housing bubble fueled by cheap credit burst. It was the only major economy in Europe not to emerge from recession last year.

The Spanish government said on Friday that talks with unions to agree an overhaul of labor market rules were not going well and that if necessary it would push a reform of workplace laws through parliament.

Unions have threatened a general strike if Socialist Prime Minister Jose Luis Rodriguez Zapatero's government pushes ahead with a reform to cut the cost of hiring and firing without their consent.

In order to reassure markets about the country's long-term solvency, the government was set to make a last-ditch attempt to clinch a deal in three-way talks at the weekend that will also include employers.

The prospect of industrial strife piles further pressure on Zapatero, whose government averted a bullet on Thursday by winning passage of a 15 billion euro ($18.4 billion) austerity package by a single vote in parliament.

A week after cutting its 2011 growth forecast to 1.3 percent from 1.8 percent, the government on Friday revised down its growth estimates for 2012 and 2013 to 2.5 percent and 2.7 percent, respectively.

GENERAL STRIKE THREATENS

Unions, which are already set for a public sector strike over pay cuts, have threatened a broader walkout to block a reform of rigid labor market rules that economists say is needed to put Spain on a solid economic footing.

There are also no guarantees that Zapatero would be able to win parliamentary approval for labor market changes given that his Socialists run a minority government.

"Even though the opposition is broadly in agreement with the reform, they're always going to go against the government's proposals," Nicolas Lopez, analyst at M&G Valores said.

The unions are traditional allies of the Socialists, and have until recently held back from big protests, like those seen in Greece, despite an unemployment rate of around 20 percent.

But Pedro Schwartz, an economist at San Pablo University in Madrid, said that could change quickly.

"Now they are beginning to make noises, things are so harsh they have to show they are not happy," he said.

Unions, which represent less than 20 percent of the workforce, are already set for a one-day strike over public sector pay cuts for June 8.

Unlike Greece, Spain's level of public debt remains low at under 70 percent of gross domestic product (GDP). But debt markets fear that without labor reform, unemployment will stay high, pushing the government down an unsustainable fiscal path.

The government's austerity drive aims to reduce the budget deficit to 9.3 percent of GDP this year and to 6 percent in 2011, down from 11.2 percent in 2011.

Source :  http://www.reuters.com/article/idUSTRE64R4CX20100528

Dow Dropped by 1% Due to ...

U.S. stocks added to losses on Friday, pushing the Dow down more than 1 percent, after Fitch downgraded its rating of Spain.

DOW JONES INDUS. AVG	10,136.63	-122.36	-1.19%	05/28
S&P 500 INDEX	1,089.41	-13.65	-1.24%	05/28
NASDAQ COMPOSITE INDEX	2,257.04	-20.64	-0.91%	05/28
S&P/TSX COMPOSITE INDEX	11,671.44	-77.68	-0.66%	05/28

Technically this fall is suspicious...small investors/traders took the Dow to higher level 3 -4 blue candles at 12.30 and 4 PM wiped off their effort ...

Bharti calls its bankers to get ready to pay for Zain buy: Bharti-Zain deal update

Category	:	Corporate News
Headline	:	Bharti calls its bankers to get ready to pay for Zain buy: Bharti-Zain deal update
Date	:	May-28-2010 15:37
New Delhi May 27 In a step that brings India’s largest telecom operator, Bharti Airtel, one step closer to completing its Zain deal as announced in March this year, Bharti said on Thursday that it has asked its bankers to get ready with cash to pay for its $10.7 billion acquisition of Zain''s African operations. The company, in a statement said that "Further to our announcement on March 30, 2010 regarding the proposed acquisition of Zain Africa BV, Bharti Airtel is pleased to report that it has initiated the funds drawdown for the completion of the said transaction.” For its $10.7 billion African endeavor, Bharti tied up $8.3 billion from State Bank of India (SBI) & a few other foreign banks, with Standard Chartered Bank as the lead-arranger and lead-advisor to the deal, committing the highest amount of $1.3 billion to fund the acquisition of Zain telecom''s African assets. Once the deal gets through, Bharti will pay another $700 million after a year, and take a load of $1.7 billion in debt, valuing the buy at $10.7 billion. The lead-arrangers for the deal are Standard Chartered Bank, Barclays, SBI Group, ANZ, BNP, Bank of America-Merril Lynch, Credit Agricole CIB, DBF, HSBC, Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking Corp. Bharti''s second largest lead-arranger after Standard Chartered Bank is Barclays, with commitments worth $0.9 billion, as the company expects the deal to close soon with the approval process progressing well. 432,717 Bharti Airtel shares were traded on BSE on Thursday the stock closed down 1.28 percent at Rs 260.60, after touching an intraday high of Rs 265.55 & an intraday low of Rs 258.25.

Sent by Mr rahul Chaudhary 

Daily Nifty chart ..28 May 2010

Sensex up 196pts on global cues
The BSE benchmark index has gained 841 points in the last three trading days; metals, realty shine today.

The Indian markets signed the day off on a good note helped by the global peers and good performance of metal and realty stocks in our domestic markets.

The Sensex opened at 16,692, tracking strong global cues. US markets advanced on Thursday as investor worry eased after China refuted a report that it was reviewing its euro-zone bond holdings due to the region's debt crisis. The Dow Jones added 284.61 points or 2.85% to close at 10,259 and the Nasdaq Composite Index gained 81.80 points or 3.73% at 2,277.

The BSE benchmark index advanced on the back of buying in metal scrips. The index pared some partial gains and continued to move sideways for the major part of the trading session. Extensive buying in the realty, metal and FMCG stocks saw the Sensex zoom to a high of 16,891 towards the end.

The Sensex finally ended at 16,863, up 196 points, in the process the Sensex has gained 841 points in the last three trading days. The NSE Nifty settled at 5,066, higher by 63 points.

Shree Renuka Sugars rose around 10% on reports the company's billion-dollar acquisition of the world's largest sugar producer is on the verge of collapsing. The stock surged as concerns of assuming huge debt in the books of the firm arising from the large acquisition, receded.

Six stocks in which trading began in the derivatives segment from today, 28 May 2010, were mixed. Exide Industries (up 0.3%), Sobha Developers (up 2.24%) and Ruchi Soya added 4.5%. On the other hand Jindal Southwest Holdings (down 0.25%),  Gujarat Mineral Development Corporation (down 2%) and Hexaware Technologies declined 1%.

The midcap and the smallcap indices added 1.6% and 1.3%, respectively on the BSE. Parsvnath Developers zoomed 11% to Rs 124 and Pipavavshipyard added 8%, respectively on the midcap index. While Sakti Sugars surged 15% to Rs 54 and Andhra Cements added 10% among the smallcap space.

All the sectoral indices ended in the green, realty and metal indices advanced 4% each. The other major sectoral gainers were FMCG, auto, power and TECk, up 1-2% each. Parsvnath Developers and HDIL were the major gainers on the realty index, up 8-10% each. Sesa Goa was the top gainer on the metal index, up 11% at Rs 373 on the metal index.

The market breadth was positive, out of 2,929 shares traded, 1,923 shares advanced and 892 declined.

INDEX GAINERS...

Reliance Communications and Sterlite Industries added 6% each to Rs 147 and Rs 681, respectively. The other prominent gainers were Jindal Steel, DLF, Mahindra & Mahindra, ITC and Jaiprakash Associates, up 2-5% each.

Tata Power, NTPC, Hindalco Industries, Infosys, ACC and Reliance Industries, up 1-2%, respectively.

...AND THE LOSERS

Maruti slipped 1% to Rs 1,223 and HDFC Bank was down 0.5%, respectively.

VALUE & VOLUME TOPPERS

Sesa Goa topped the value chart on the BSE with a turnover of Rs 255.37 crore. It was followed by Amtek India (Rs 231.19 crore), Tata Steel (Rs 176.16 crore), Tata Motors (Rs 122.76 crore) and SBI (Rs 91.73 crore).

Amtek India led the volumes chart on the BSE with trades of 35.62 million shares. It was followed by Birla Power (22.39 million), Pipavav Shipyard (8.93 million), Sesa Goa (6.98 million) and Shree Ashtavinayak Cement (6.83 million).
Sourse : http://www.business-standard.com/india/news/sensex196ptsgloabl-cues/95992/on

Nifty Futures Intra day chart 28 May 10

Nifty Futures Crucial Levels 28May 10...and prediction

<<<4963>>><<<5004>>><<<5027>>><<<5067>>>
<<<5098>>><<<5129>>><<<5149>>>>>

Please read the instructions, carefully before placing your trade order for nice gains by clicking this link.

 http://dhanvarshagrp.blogspot.com/2010/01/how-to-trade-on-my-calls.html

Gap up opening with positive sentiments is expected today .... please do not go on rumors ... don't believe ... ...your broker advises you to enter and exit on the trades ... reason he is gaining huge sums ... yesterday I calculated that on delivery trade of icici bank.... if you exit on 20 point gains then you will earn 10 points and your broker and Govt taxes will get 10.. so be cautious in opening ur trading acct coz brokerage is negotiable...so go for lowest brokerage...

avoid placing intraday cash orders for trade coz you may easily be trapped ... if u want to trade intra go for intra futures trade ... that is fruitful here ....please see this chart and think on the fellow who entered long at 12.15 PM seeing bullish symptoms .... 

Trade according to trend ... find the trend and and ride on it .. 

and more and more ... comments ...to guide  you  here at Dhanvarsha ... so  join hands with us and Boost ur earnings ...
.

Please have a look...

Shivaji Ghosh (5/27/2010 10:08:30 AM): Bought RNRL @49.90
Shivaji Ghosh (5/27/2010 10:08:40 AM): Expected tgt?
dhanvarshagrp (5/27/2010 10:10:08 AM): jun futures
Shivaji Ghosh (5/27/2010 10:10:22 AM): Cash
dhanvarshagrp (5/27/2010 10:10:51 AM): can u hold na
Shivaji Ghosh (5/27/2010 10:11:01 AM): yes
Shivaji Ghosh (5/27/2010 10:11:08 AM): qty 1800
dhanvarshagrp (5/27/2010 10:11:13 AM): coz my calls have no sl
Shivaji Ghosh (5/27/2010 10:11:20 AM): that good
Shivaji Ghosh (5/27/2010 10:11:32 AM): any tgt?
dhanvarshagrp (5/27/2010 10:11:36 AM): ya
dhanvarshagrp (5/27/2010 10:12:07 AM): 50.90 >>>51.60 >>>
Shivaji Ghosh (5/27/2010 10:12:19 AM): thnx
Shivaji Ghosh (5/27/2010 1:20:55 PM): Thanx for your advise. I have squared off @50.90.
Shivaji Ghosh (5/27/2010 1:25:24 PM): Great call

Shivaji Ghosh (5/27/2010 1:31:09 PM): My mail id: ghoshshivaji@yahoo.com
Shivaji Ghosh (5/27/2010 1:32:05 PM): Cell: 9339284149

1800/- flat gains in 3 hrs .....

Rolta

Rolta is consoli dating here ...closed at 163 ....accumulate it ... it may explode  soon .....

Gains on Ground

Rnrl Buy call  buy at 50.10 was posted here http://dhanvarshagrp.blogspot.com/2010/05/buy-rnrl-jun-futures-at-5010-5020.html trading at 52.75 means 10 k gains on 1 lot if some one traded it ??????

hement kothari: I BOUGHT 1000 SHARE IN CASH AT 49.90

hement kothari: STILL HOLDING GAIN UP TO NOW IS APP 2200

Last message received on 5/27 at 2:26 PM

Shivaji Ghosh: Thanx for your advise. I have squared off @50.90.

Shivaji Ghosh: RNRL

dhanvarshagrp: u bougt at ?

Shivaji Ghosh: I bought RNRL @49.90 the very instant you gave the call

Shivaji Ghosh: Great call

Shivaji Ghosh: I did

Shivaji Ghosh: I gave you my figures

dhanvarshagrp: see i know

dhanvarshagrp: but when i post this at my blog ur mailid and cell no will help others to confirn the truthfulness of my claim

Shivaji Ghosh: My mail id: ghoshshivaji@yahoo.com

Shivaji Ghosh: Cell: 9339284149

Rahul Chaudhary: 9331277258 , finrahul@gmail.com

Rahul Chaudhary: RNRL 1 LOT BOUGHT AT 49.75 - SOLD AT 50.35

Rahul Chaudhary: ICICI 1 LOT CALL BOUGHT AT 41.50 - SOLD AT 48.75

Rahul Chaudhary: TOTAL PROFIT : 3700

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