March Series Expectations !!!

Nifty Predection March'01 2011

Today's Levels...........!!! Today's....................Above................5358.00 Once Again..Favour Bulls Only.....Above that Mark...NIFTY FUTURE is Likely to Hit.......5380.00 and than....5399.00 too in Today's Trading Session....... More Action...Only Above.......5418.00 Mark...Above that Mark...NIFTY FUTURE...May Try to Hit.............5458.00 and than....5480.00 too in Today's Trading Session.............. If FII buying continues, can witness day high 5528 but won't be able to cross today.

Bears Levels...... Below.....5319.00 Mark..Once Again..Favour Bears Only...and Below that mark....NIFTY FUTURE...May Try to Hit..........5301.00 and 5271.00 too in Today's Trading Session..........

Stocks recomendations for March'01 2011
Traders can expect 5-10% gain in auto sector M&M, Maruti,Ashok Leyland, Tata Motors, TVS.

JP Associates, NTPC, LT & Bajaj Auto should also give 4-6% upside.

DCB IPO subscribed 30 times

Development Credit Bank, DCB, one of India's private sector bank promoted by the Switzerland-based Aga Khan Fund for Economic Development, AKFED, headquartered in Mumbai, closed for subscription.

The issue has been subscribed 30.06 times as per NSE website.The total bids received for the issue were 2,14,95,47,000 shares against total issue size of 7.15 crore shares.

The company entered in the capital market with an initial public issue of 7,15,00,000 equity shares of Rs 10 each. The price is to be determined through a 100% book build process. The price band for its IPO was between Rs 22 and Rs 26 per share. The issue comprises of a reservation of 25,02,500 equity shares for eligible employees and the net issue to the public would be for 6,89,97,500 equity shares.
 
The issue will help the bank strengthen its capital base as also help it meet the capital adequacy norms required by Basel II and recommended by the Reserve Bank of India.The book running lead managers to the issue were JM Morgan Stanley Private Limited and Enam Financial Consultants Private Limited. Intime Spectrum Registry Limited had been appointed as the registrar to the issue.