Monday, September 16, 2013

17/09/2013 stocks news

PARSADAM

Yessssssssss

Federal Reserve Ready to Begin The Great Taper???

Market Say Over 70% Chance

Yesssssssssss

Is the Federal Reserve ready to put the Great Recession behind it? Is the US economy prepared for it?

The markets think so, as the Fed's policy board prepares to meet on Tuesday and Wednesday to decide a momentous step: whether they begin cutting back its stimulus for the economy, $85 billion a month pumped in via bond purchases to fuel the engine.

Four months after Fed Chairman Ben Bernanke first suggested that the central bank could start to taper its stimulus program, called quantitative easing (QE), sometime this year, most expectations are that the Federal Open Market Committee (FOMC) will take the step.

And with Bernanke expected to step down at the end of January, many believe he needs to set the policy path now, rather than having it delayed for months until his successor settles into the job.

In short, a lot is riding on Wednesday's FOMC statement and news conference by Bernanke.

The consensus is that the Fed will initially reduce its bond purchases, now $85 billion a month, by $10 billion or perhaps $15 billion.

Former U.S. Treasury Secretary Larry Summers has withdrawn his name for consideration to succeed Ben Bernanke as Federal Reserve chairman, according to a senior administration official.

Summers called President Obama on Sunday to notify him, according to Dow Jones Newswires, which first reported the news.

"I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the administration or, ultimately, the interests of the nation's ongoing economic recovery," Mr. Summers is quoted as saying in a letter to the president following the call.

Investors largely believed he was the frontrunner for the job and that the former Treasury Secretary would embark on a more hawkish course regarding the removal of Fed stimulus than the other candidates believed to be in contention.

Behind Summers, surveys show Federal Reserve Vice Chair Janet Yellen and former vice chair Donald Kohn as the frontrunners. With Summers out, it's now more important than ever for the market to get a sense where these two stand on the Fed's current quantitative easing plan that has kept rates artificially low for years, boosting risk assets.

A committee headed by former Sebi chairman M Damodaran has recommended scrapping of 'retrospective taxation' as a chief measure to make India an attractive destination to do business.
The committee, which had leaders of corporates and state-owned companies and officials of various ministries among its members, also recommended a system of advance ruling for all organisations tasked with framing regulations, encouraging arbitration to resolve contractual disputes and setting up of an overarching body to enable policy and process coordination of medium and small scale enterprises (MSMEs)

The 76 page-long recommendations titled 'Reforming the Regulatory Environment for doing Business in India' is currently under the study of the ministry of corporate affairs.

The report singled out retrospective taxation as a big obstacle to attracting investment. "Retrospective taxation has the undesirable effect of creating major uncertainties...constituting a significant disincentive for persons wishing to do business in India," the committee remarked. Last year, following the Supreme Court's verdict that British telecom major Vodafone was not liable to pay taxes to the Indian government on overseas transfer of Indian assets, the government had amended the tax laws with retrospective effect, bringing Vodafone's deal under its net. The amendment had caused a huge uproar in the international investor community.

The Damodaran committee in its report noted that even though the legal powers of the government extend to giving retrospective effect to taxation proposals, it might not pass the test of certainty and continuity.

The ministry of corporate affairs had set up the committee to suggest ways to improve India's dismally low ranking on the World Bank's index ranking countries on the 10 parameters measuring ease of doing business. In the report, India had been ranked at 132 out of 183 countries, lower than its neighbours Bangladesh, Sri Lanka and Nepal.

1.U.S. Senate Vote On Syria On Wednesday

2.India's Trade Data Expected Later This Week.

3.IIP & CPI Data on 13th Sep. 2013

4.FOMC Meet On 18th Sep. 2013

5.R B I Poicy Meet On 20th Sep.

BUT HOW CAN IT BE WON????

FOR THIS JUST JOIN

(Train For Every Investor)

IF YOU TRY!!!!!!!!

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Warren Buffett’s investment ideas asks us to buy stocksof
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Think Big TO EARN BIGGG

SAMWATSARE

What To Do Today..........

Our Opininon for Today's Market.......

1.Market Looks Volatile.....

1.Some Insider Say NIfTy go up to 6200

What To Do Today........

Nifty....Today Face Resistence at......5909...5955..6022

Nifty.....Today Support at ...5835...5782...5742

Nifty Range...4200--------6600

PARSADAM RESEARCH......

NEXT TGT FOR

Sell Nifty Around 6200/6300

Our Opininon for Today's Market.......

1.Stock Specific Movement Expected Today ......

2.Midcaps Looks Good....

INTRADAY HOT STOCKS: 17/09/2013

buy itc sl 326 tgt 334/338

buy unitech sl 16.5 tgt 21 soon

buy adani sl 135 tgt 145/150

sell IT stocks sl 3%

buy dlf sl 147 tgt 153/156 sell below 145

buy zeel ab 222 sl 212 tgt 235/240/251/255

BUY SESAGOA SL 180 TGT 188/190/194 BUY ON DIP

UP SIDE WE HAVE EXIT CHANCE NO FRESH BUYING

L&T FINANCE HOLDINGS

(BSE TICKER-533519@ Rs.83/-)

Yeessssssssssssssssssssssssss

RBI TO ANNOUNCE NEW BANK LICENCE SOON

L&T HOLDINGS EXPCTED TO GET FIRST BANKING LICENCE !!!!

Rs.120/- Rs.150/-

Alert:- Our Subscriber's Long in Stock!!!

ZEE ENTRTAINMENT

(Bse Ticker-505537@ Rs.242/-)

Yessssssssss

BIGGEST BULL RUN YET TO START!!!!

TARGET

Rs.800/- Rs.1200/-

NO IF & BUT!!!

SUVEN LIFE

(Bse Ticker-530239@ Rs.43/-)

Great--Great Breakout On Chart!!!!!

Yesterday Stock Closing Above Rs.36.30 Now Stock Heading to Rs.60/-

Company Also Declare Great Result!!!!

TARGET

Rs.55/- Rs.60/- SL Rs.32/-

Alert:--

In First Week Of September We Gave Buy Call On Suven Life @ Rs/38/- Stock Rise Almost 30% In Newt 3-4 Trading Session!!!!