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BUY WELCORP FUTURE BETWEEN 3 TO 5 LOTS CMP STANDS @ 147.
Finance Minister - Pranab Mukherjee will present the annual budget for 2012/13 on 16 March 2012,
While the railways budget will be presented on 14 March 2012.
The budget session of parliament will start on 12 March 2012.
The government will present on March 15 the Economic Survey for 2011/12,
A document on the state of economy prepared by the economic division in the ministry of finance.
The annual budget is usually presented on the last working day of February. However, the budget has been delayed this time due to the ongoing assembly polls.
Polling for assembly elections in five states concludes in early March 2012. The counting of the votes takes place on 6 March 2012, with the results due on the same day.
Just Inn
Asia’s premier stock exchange – Bombay Stock Exchange (BSE) – is expected to launch its second thematic index, BSE-GREENEX, on February 22, Wednesday. The first being BSE TASIS SHARIAH 50 index, that includes top 50 companies in India that have passed TASIS’s stringent Shariah compliance norms.
The 25th dynamic index at the BSE, the BSE-GREENEX, has been co-developed with gTrade, a domestic sustainability firm working on financial innovations in energy efficiency. While BSE provides the financial analytics, the carbon analytics will be provided by gTrade.
A pick of 20 companies from the BSE 100, the index gives equal weightage to both energy efficiency and profitability – together indicating a long-term sustainable strategy. Further, the index which is created to promote firms working on sustainable business practices is targeted at retail,
as well as institutional investors such as asset managers and pension funds looking for investments in companies with strong long-term prospects and develop green financial products.
Though there are other such indices globally focusing on green credentials, this index is the first which is based on actual performance in the energy efficiency front, rather than stated future plans.
Research over the last three years has shown that this index is performing better than the Sensex, indicating that companies are able to balance energy efficiency and profitability.
The index follows a sector-specific algorithm, whereas in benchmark each company is measured only against the best in the same specific industry based on publically disclosed energy and financial data.
JUBLFOOD Fut Was Trading @ 1025 On 15-2-12 & On Same Day Nifty Was Trading @ 5460.
As You Can See With a matter Of 1 Week Nifty Has Shown Almost 150 Points Of Gain & In-front JUBLFOOD Has Corrected Almost 30 Rs.
Charts Indicate Weakness In JUBLFOODS, Cmp Stands @ 1004 (March Expiry)
If It Continues To Trade Below Its Resistance Levels Of 1025 & 1040,
It May Correct Upto 100 Rs In Coming Week Or May Be Near Mid March.
Research Report : Negative.
Intraday Pre Market Picks -
1. Buy Raymond Between 366 - 364 | Tgt 373 - 376 | Sl 361.
2. Buy Apil Between 375 - 377 | Tgt 382 - 390 | Sl 371.
3. Sell Tata Steel Between - 445 - 443 | Tgt 436 - 428 | Sl 451.
4. Sell Jindalsaw Below 140 | Tgt 137 - 133 | Sl 143.
5. Sell JK Tyre Below 82 | Tgt 78 - 75 | Sl 84.50.