From Our Technical Desk
Three times lucky

From Our Technical Desk
Hourly momentum rolls over

From Our Technical Desk
Trading Ideas
1)remain stock specific from current level
Trading ideas which we like are Bajaj Finsv(Target 598), SIEMEN (Target 868),DCB (target68), KFA Target 88. Stop loss to be maintained accordingly

Investment Ideas
1) Sterlite Technologies CMP@ 100 (target 132)

more details visit http://www.insighttechnial.net

Demand for coal and oil globally will require transportation of these materials that's what driving Buffet  buying BNSF. Mundra port is country's biggest port and will be main driver of good coming in and out of country. Iron ores, Coal from Australia or OIL from Arabia.

HOT MARKET NEWS :* INFRA : Govt approves eight road projects worth Rs108bn in three states of Jammu & Kashmir, Karnataka and Haryana* BANKS : rpts Govt is considering a proposal to increase its stake in select PSU banks where it holds close to 51% stake as part of recapitalisation scheme* TATA STEEL : swaps $875mn worth bonds due to mature in 2012 by longer dated convertible bonds redeemable in 2014 giving it more time to pay bk its debt

Hot Market News    * ECONOMY : Sept IIP #s to be announced today.. BBG consensus for 7% growth vs 10.4% growth in Aug.. The six core infrastructure inds (contribute ~ 26% to the overall IIP) grew 4% in Sept vs 7.8% in Aug* MSCI : In the latest index revamp announced last night, Housing Development & Infrastructure Ltd (HDIL) along with Suzlon (SUEL) replace Glenmark Pharma (GNP) & PowerGrid Corp (PWGR) in the MSCI India index

Market News * PUNJ LLOYD : wants to increase its highways portfolio in India.. looking to participate in projects covering 2,000-3,000Kms over the next six months*  MOSER BAER : plans to invest $5bn in next 10 years to expand its solar photovoltaic mfring facilities over the next 10 years* TECH SECTOR : Nasscom, Indian software services body, expects the sector to regain double-digit growth from April

HOT Stock Market News

* DISINVESTMENTS : PM yday annd a bold disinvt policy that cud see unlisted cos  with a positive networth divest part of govt holdings to raise cash that will  be used for social spending.. target to raise Rs600bn via disinvts

* BANKS : RBI not to allow banks to include loan write-offs while calculating  the loan-loss coverage ratio

* PNB : cuts rates on auto loans by 50bps and waives off processing fees

Too Much Of Anything Is Bad

STRATEGIES FOR THE DAY• JSW Steel Oct. Future (Rs. 913)Sell only in the region 912-918 with a stop lossabove 927 for an intra-day target of 899 and 892.• ICICI Bank Oct. Future (Rs. 929)Sell only on a move below 925 with a stop loss