India’s $100 bn push- solar energy

India’s $100 bn push into solar energy to be driven by foreign companies as locals take backseat

Last week, Softbank became the latest foreign player to enter India's solar market, leading an investment of up to $20 billion.

India’s $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector.

The money pouring into India’s solar industry is likely to be soaked up by foreign-organised projects such as one run by China’s Trina Solar – not the country’s own solar panel manufacturers.

Last week, Softbank became the latest foreign player to enter India’s solar market, leading an investment of up to $20 billion. The Japanese firm said it would consider making solar panels locally, but with Taiwan’s Foxconn rather than a local manufacturer.

Many Indian solar panel producers have benefited over the past six months from a surge in demand for panels not yet fulfilled by foreign companies. But their small scale and outdated technology will quickly make itself felt when the global players arrive.

“The smaller manufacturers of India, especially the cell manufacturers, will be adversely hit because they are unable to compete both on technology and even on price structures,” said Jasmeet Khurana at solar consultancy Bridge To India.

India’s solar panel makers can no longer turn to the Indian government for help. The government is more concerned about creating jobs quickly and ensuring plentiful power supply in a country known for its many blackouts.

India, in contrast to Chinese and German efforts to protect local producers, has scrapped most restrictions on where equipment that turns sunshine into energy is bought. Last year, it dropped an anti-dumping duty on panel import.

Foreign players making panels in India are expected to compete with local manufacturers to fulfil so-called domestic content requirements for government projects.

Trina has unveiled plans for a $500 million plant and US.-based SunEdison is investing up to $4 billion in a manufacturing facility. Both are tying up with Indian power firms to build the plants.

SOLAR TARGETS

India has said it expects peak power demand to double over the next five years from around 140,000 megawatts today. To help meet that demand, 100,000 MW of new capacity is to come from solar panels, and of that it wants at least 8,000 MW to come from locally-made cells.

Foreign players manufacturing in India will probably win the bulk of those orders.

Indian rivals like Indosolar and Moser Baer produce panels, but they cost 8 to 10 percent more than foreign producers, Khurana said.

It is not yet clear which foreign firms will emerge as the winners, with most of the facilities years away from being built and the big tenders for huge solar parks touted by the government still to be awarded.

But those who can quickly build scale will be the most able to compete on cost.

“The lowest cost in manufacturing will only come from scale and integrated facilities,” said Sujoy Ghosh, India Country Head at U.S.-based First Solar.

First Solar is to build 5,000 MW of solar power before 2020, but will rely on imported panels for now because it is cheaper to buy component parts internationally where they are more readily available.

As for some of India’s small panel makers, they are looking to complement the efforts of foreign players instead of trying to derail them.

Maharishi Solar, a small manufacturer based in Delhi, is looking to tie up with a foreign company, the company’s head Ajay Prakash Shrivastava told Reuters.

It stopped producing solar panels a few years back as it could not compete with foreign manufacturers, primarily Chinese. Shrivastava said import panels are as much as 45 percent cheaper thanks to subsidies in their home countries and lower borrowing costs.

“The Indian manufacturers do have a disadvantage,” he said. “We are trying to find a partner who can bring in the latest technology.”

First Published on July 2, 2015 2:37 pm======================

http://www.financialexpress.com/article/economy/indias-100-bln-solar-push-draws-foreign-firms-as-locals-take-backseat/93546/

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Just imagine the POTENTIAL AVAILABLE. It will be like wireless-mobile revolution.

The companies are going to use the HIGH-WAYS as OPPORTUNITY to Cover the VILLAGES and connect to GRID...Just wait for GESTATION period to explode.

FEED--ENCOURAGE & NOW CHINA MARKETS BUTCHERED...???

China stocks plummet as investors stampede out of the market

CSI300 index falls 7.9%, Shanghai Composite Index loses 7.4%

Reuters  |  Shanghai  

June 26, 2015 Last Updated at 12:59 IST

China stocks on Friday posted some of their worst losses in seven years, as investors stampeded out of a market amid increasing signs the country's eight-month-long bull run is running out of fuel.

The key CSI300 index fell 7.9%, to 4,336.19, while theShanghai Composite Index lost 7.4%, to 4,192.87 points.

For the SSEC, it was the worst one-day loss since Jan 19. For the CSI300, the drop was the biggest since June 2008.

Stocks fell across the board, with nearly 2,000 of the roughly 2,800 listed companies in Shanghai and Shenzhen slumping by their 10% daily limit.

After the CSI300 fell through several technical support levels, then there is "no technical buying support left following a massive rally over the last year or so," investment advisor Rivkin said in a note.

Further falls in China stocks "will send ripples throughout Asian markets," Rivkin said.

A more than doubling of China's stock market over the past year had been underpinned by rapidly-expanding margin financing, monetary easing and hopes of economic restructuring, but analysts said two of the three legs are now shaky.

Regulators have been cracking down on illegal margin financing and urging brokerages to tighten rules. Many investors have also faced increasingly expensive margin calls in the past week as share prices have retreated.

Outstanding margin loans shrank for the third straight day on Wednesday to 2.2 trillion yuan ($354.35 billion), as investors slashed 61.5 billion yuan worth of leverage during the period, the latest data shows.

Jiang Chao, strategist at Haitong Securities, said that further monetary easing - long another pillar of investor optimism - is also in question.

"Recent bond market performance reflects institutional investors' view that the rate cut cycle is coming to an end," he said.

Morgan Stanley sees Shanghai's benchmark index falling between 2 and 30% from current levels over the next 12 months, citing heavy equity issuance, weak corporate earnings, demanding valuations and excessive levels of margin financing. 

http://www.business-standard.com/article/reuters/china-stocks-plummet-as-investors-stampede-out-of-the-market-115062600322_1.html

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CHINA MARKETS BUTCHERED...???

MY SIMPLE QUESTION IS WHO IGNITED THE FIRE IN THE RALLY TO A STUPENDOUS LEVELS OF 87 P/E RATIOs,...AND WHO RECOGNISED THE VALUATIONS MIS-MATCH & MISTAKES AND OFCOURSE FINALLY WHO LOST?

WINNING TRENDS IN STOCK MARKETS

“PEOPLE ARE NOT DISTURBED BY THINGS RATHER BY THE VIEW OF THINGS” –ALBERT ELLIS, AN AMERICAN PSYCHOLOGIST WHO DEVELOPEDRATIONAL EMOTIVE BEHAVIOUR THERAPY.

THIS PSYCHOLOGICAL APPROACH IS APT TO MANY BUSINESS HOUSE DECISIONS BUT VERY TRUE IN STOCK MARKETS AS VIEWS BECOME PALE & FEARFUL DURING THE TIMES OF DEPRESSIVE NEGATIVE ENVIRONMENTS, JUSTLIKE NIGHTMARES IN  THICK FORESTS OF ABUNDANT DESOLATION.

THE STOCK-MARKETS CLEARLY REPRESENT A FRIGHTENING CLUMSY PICTURE AT TIMES WHEN VOLITITIY AT ITS PEAK & FALL CONTINUES!!, NO MATTER HOW SEASONED SOMEBODY BUT TO OVERCOME THE NERVE WRENCHING FEAR AND FORESEE THE FUTURE BECOMES DREADFUL.

TO AVOID UNCERTAINTIES IN STOCK MARKETS ARE NOT AT ANYBODY'S COMMAND OR CAPACITY BUT EVERY PARTICIPANT'S WISH....

TO MITIGATE THE FEAR AND UNDERSTAND THE EMERGING OPPORTUNITIES IN CHAOS, THE FOLLOWING APPROACHES CAN BE ADOPTED FOR BETTER RESULTS AND TO KEEP PACE WITH THE MARKET TRENDS...!!

A) CONVERGENT PROCESS:

THIS APPROACH IS MORE WIDELY ACCEPTED AND FOLLOWED BY THE FIIs, DIIs AND ESPECIALLY FOR THAT MATTER MORE PRECISELY BY HEDGE FUNDS. THESE HIGH RISK SEASONED CUTTING EDGE SMART PEOPLE PLACE HIGH BETS WITH AN ANTICIPATION OF HIGH RETURNS. THE BLOOM AND GLOOM CO-EXIST MANY A TIMES BUT THEIR SPIRITS ARE VERY HIGH.

HERE, STOCK PURCHASE CONCENTRATION IS SO HIGH THAT HUGE MONEY PUMPED AND LARGE CHUNK ACQUIRED AT A REASONABLE PRICE. THE COMPANY FUNDAMENTALS, ECONOMIC &BUSINESS TRENDS AND OTHER IMPORTANT PARAMETERS ARE LITTLE KNOWN TO OTHER RETAIL PARTICIPANTS BUT GET SURPRISED WHY AND HOW THESE COUNTERS ARE HOLDING ON TO THE TOP. 

LAST BUT NOT LEAST, THE VERY IMPORTANT MARKET MANAGEMENT MECHANISMS ARE PUT IN PLACE TO SEE THE PRICES RISE STEADILY AND GRADUALLY TO A LIMIT AND THEN A FINAL SHOOT UP …?. UNFORTUNATELY THE GREEDY POOR TRADERS AND RETAIL INVESTORS GET TRAPPED WHEN PARTICIPATE HEAVILY AND OFCOURSE THE WELL INFORMED SEEK AN EXIT…???

B) DIVERGENT PROCESS:

MAINLY FOLLOWED BY HNIs AND SMALL FUND HOUSES. THE PHILOSOPHY IS TO PROTECT THE CAPITAL AND INCREASE PROFITS IN BABY STEPS. THESE INVESTORS NEVER KEEP ALL EGGS IN ONE BASKET BUT PREFER DIFFERENT SECTORS. THIS DIVERGENT MEANS OF MAKING MONEY CAN OFFER SOLACE THAN ANY OTHER MODEL AS THE MARKET WAGGERIES ARE WELL TAKEN CARE. 

THESE PLAYERS ARE MODERATE IN RISK TAKING APPROACH, HAVE GOOD CONFIDENCE IN MARKETS BUT FEARFUL IN APPROACH. THEY ADOPT LONG-TERM PLAY WITH AN EYE ON SHORT-TERM GAINS, PLACE THEM IN GOOD POSITION AS THEY OFTEN TAKE-OUT PROFITS AT HIGHER LEVELS AND RE-ENTER AT LOWER LEVELS. SO, SAFE AND SECURE ALL THE TIME.

C) CHANNELLED PROCESS:

THE LADDER LIKE APPROACH IS ADOPTED BY SMART INDIVIDUALS TO ENSURE SUCCESS AT EVERY MOVE  WITH A LIMITED RESOURCE/MONEY. THEY KEEP MAINTAIN A WINNING STEAK ON BOTH THE DIRECTIONAL MOVES, SAIL ALONG WITH BULLS AND BEARS AS THEIR ADAPTABILITY & LIQUIDITY AT HAND ALLOWS SUCH FACILITY. THEY KEEP INCREASE VERY CALCULATED BETS, ALSO MAKE SUCCESS, A COMMON PHENOMENA LIKE CLIMBING A LADDER.

THESE PLAYERS ARE KNOWLEDGEABLE AND QUITE SMART IN CATCHING TRENDS IN THE MARKETS AND PLACE THEIR BETS SAFELY, ALSO MAKE SOME GOOD MONEY. THE PLAYERS SUCK EACH EMERGING OPPORTUNITIES IN STOCK MOVEMENTS BUT THEIR WELL ESTABLISHED APPROACH IS NOT KNOWN IN THE MARKET CIRCLES BUT MAKE DECENT COOL MONEY.

D) ZIG-ZAG JUMPING PROCESS: 

THIS APPROACH IS MOSTLY ADOPTED BY THE DAY TRADERS AND SWING TRADERS, ENJOY BUYING AND SELLING MANY A TIMES DURING THE DAY.THESE ENTHUSIASTIC TRADING PLAYERS ARE BACK-BONE TO MARKET LIQUIDITY AND FOR STOCK-TIPS ADVISORS. THEY KEEP ENGAGED EVERY TIME AND EACH TIME THEY TAKE A CALL AS THEIR GAME IS HIGHLY VOLATILE AND NO-BODY UNDERSTANDS WHY A BUYING IS MADE AND INSTANTLY A SELLING IS INITIATED. MANY A TIMES THEY BUY AT ONE COUNTER AND ALSO SELL ANOTHER SCRIP. ULTIMATELY, THEY ENJOY PARTICIPATION RATHER THAN MAKING MONEY.

THESE SMALL TIME RATHER INSTANT PLAYERS NEVER MAKE HUGE MONEY STORED IN THE MARKETS BUT LOSE MONEY FOR SURE, BECAUSE OF BUNDLE OF CONFUSIONS!. THE MORE THEY PLAY THE MORE THEY PAY. THEY HARDLY MAINTAIN ANY ORDER/METHOD, FIND NO TIME TO STUDY, PREFER EXTERNAL DEPENDENCY, MAINTAIN ADAMANT BEHAVIOUR TO A LOSING DEALS, RELY ON IRRATIONAL MEDIA COVERAGES & LIVE IN RUMORS AND PLACE HUGE BETS, BELIEVE IN CARRY ALONG WITH THE MOB IN THE MARKETS...ETC. ALL THE MORE, TAKE VERY FRAGILE DECISIONS AND UN-MINDFULLY INVITE HIGH-RISKS, UNFORTUNATELY GO INTO DUST...UN-NOTICED!!!!

The Influence of Psychological factors-Decision making practices in Capital Markets:

Renowned Investor's great sayings.....“Individuals who cann’t master their emotions are ill-suited to profit from the investment process. Never forget to account for the psychology of the investor”- Benjamin Graham, the Father of fundamental “Value Investing” in Stock markets.

The stock investing in India in recent times is increasing many folds in leaps and bounds through organised Exchanges like BSE (Bombay Stock Exchange) and NSE (National stock Exchange). The stock-investors, be it an individual person or a group/institution who would allocate surplus money from their savings with an anticipation of a better financial returns from their investments to meet the future needs/aspirations. The awareness of stock investment is increasing with the growing economy and more companies are raising capital through markets.  There are various investment options and different investment schemes are made available other than the traditional bank deposits, like Equity Investments, Debt securities, Gold, Commodities, Currency..etc through recognized Stock Exchanges.

There are more than 5000 companies listed and are regularly trading in both the exchanges. The Indian corporate market capitalisation has increased many fold to cross 1 trillion USD and at times, the trading volumes in the bourses are breaking the world records. So far, the Indian capital markets are offering safe and higher returns from blue chip companies that offer regular higher dividend along with price appreciation attracting the Foreign Institutional Investors. The FIIs dollar driven liquidity accelerating the growth of Indian Market Capitalisation, made investments of Rs 6,370 crores in 2000 has increased to an all time high of Rs 1.405 Lakh crores in 2012, even the average is working out  Rs1.0 Lakh cr for last 3 yrs. Apart from the FIIs, the universe of Investors base is increasing day by day and day after day, those can be of individual retail investors, Mutual Funds, Hedge Funds, Venture Capitals, Insurance companies like LIC of India & other private insurance companies and Investment trusts like EPF (Employee Provident Funds).

The Advantage INDIA:

The Indian economy has taken the advantage of attracting the Foreign Direct Investment in India is benefiting the Indian companies at large. The huge geographical spread and rich natural resources attracting multi-billion dollars of investment in mining, oil& gas exploration, highways, ports, pharma and in manufacturing sector etc. The high skilled employees of Software industry and exports from India are bringing dollars to national wealth reserves, are culminating the growth of economy and the Stock markets as well.

The positive side of growth expansion has also opened with new Govt in office. The recent run-up in Indian stock markets opened even more challenges to Retail Investors in choosing the companies for investment, timing the investment and the lack of expertise in en-cashing such Investments are jeopardizing the whole investor fraternity. 

There are many opportunities associated with stock market investing. It can make or break the life of an investor in no time. Most stock Investor blindly believes publicly available suggestions and keep emphasis with over-confidence about the quality advice/credibility of such information received while investing, has been universally accepted and repeated investment mistakes termed as psychological biases. So, individual human psychology determines success or failures in Stock Investing. 

Psychological Issues of Investment models:

The psychological aspects influences to make the difference from the rest, as everybody in the stock market is smart with their investment plans & brilliance offsets each other. To become successful in the stock-market, merely sound knowledge about the market does not suffice. It requires various right decisions that bring the investors to emerge out as successful winners.

The psychological presumption of following the trend is nothing but herd mentality when right time exit does’t take place!. The retail investors participation in purchasing the stocks from the secondary market will be tepid at the bottom where the Indices show little interest to go up, so is the stock uptick. On the other hand, when the markets rise and are close to their yearly highs, the traders and short-term Investors exuberance is high with high level of participation at the tops for quick bucks!

It is often observed that the bubble formation takes place when the retail investor fund inflow increases phenomenal as the money chases the stocks relentlessly without considering the fundamental values of the company and its performance. The volatility levels will be high and the returns are immediate, also huge at the short-term is more often seen as “God sent Opportunity” and shear speculation to make quick bucks as “Want of owning the Stock” for short-term gains leads to disastrous burst.

The “Greed and Fear” of the investor’s psyche that drive the market’s nerve-wrecking volatility that constitutes a deep struggle between the two fundamental emotional forces of BULLs and BEARs. The market’s peaks and bottoms are the mirror images of the irrational emotional swings of investors who are too OPTIMISTIC or PESSIMISTIC of the stock prices and their future performance.

Psychological influences on Investors:

The Indian investors are considered to be with strong value system being maintained with morals and ethics. However, he /she may not be avoided with some influences that come from both internal and external directions. The Fly by Night Operators take the advantage of Bullish periods of stock markets to sell a bunch of multi colored dreams of stocks future valuations by showing irrelevant projections and prospects of thinly traded stocks, mint money by selling those to retail investors.

The most common investing “Psychological Pothole Traps” coupled with external recommendations, group behaviors, irrational relative comparisons with blind confirmations and internal individual views consists of anchoring presumptions, delay due to doubts & suspicion, over enthusiasm & wrong aspirations, lack of confidence, lack of risk taking behavior & knowledge converting to dependency, along with inordinate reliance on existing trend, procrastinating & denial with adamantine nature for a change when needed and horrifying, compelling panic-ness to SELL during fall leading to serious capital erosions, instead of what was thought!. These abnormal behaviors, irrational investment decisions generate huge losses there by lowering Self-confidence and respect in markets which ultimately affecting on decision making abilities of the investors.

Investment cross-check:

The Investor fraternity has to examine the influence external forces on decisions making practices in capital markets, be it the peer group or media, or personalized solicitations via mails/SMS about investment tips. Investors shall focus on the individual cash flows, knowledge about markets& risk taking behaviour, needs & aspirations and most importantly the emotional balance to sudden SHOCKS, also the availability of supportive family environment & mentor group behaviour, if any. So, special emphasis would on stable composure to identify quality stocks and the price relevance apart from analysing other economic and political factors, while considering stock investments!!!....

THERMAX.....

MIND BOGGLING YET…

I WAS AMAZED TO SEE THE PRICE ROCKETED TO CREATE ENOUGH TURBULENCE IN ME.

I BOUGHT 1000 SHARES OF THERMAX FOR Rs 38.65, 15 YEARS BACK,

TODAY, THE PRICE OF THERMAX IS Rs 1050/- OF Rs 2/- FACE VALUE (EQUAL TO Rs 5150/-). IN OTHER WORDS, ONE LAKH INVESTED HAS BECOME MORE THAN 66 LAKHS.

EVEN RECENTLY, 2-3 YEARS BACK, I FOUND MARKSAN AT Rs 2.30 NOW IT IS QUOTING Rs 64/-.

ALSO FOUND MORARJEE TEXTILES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 61, INDOCOUNT INDUSTRIES AT Rs 7.0 NOW TOUCHED A HIGH OF Rs 390/-.

BUT THE ABOVE THREE WERE JUST MEMORIES BUT NO PARTICIPATION……

MERRY CHRISTMAS TO YOU AND ALL INVESTORS & TRADERS…

Vadra-DLF deal - MISSING PAGES ~~~

Pages of file pertaining to Vadra-DLF deal missing: Khemka

An internal inquiry has been instituted in the matter and efforts are on to reconstruct the file
Press Trust of India  |  Chandigarh  

December 20, 2014 Last Updated at 00:39 IST

Indian Administrative Service (IAS) officer Ashok Khemka has sought registration of a First Information Report (FIR) after a Right To Information (RTI ) query by him found two pages of a file on the DLF-Robert Vadra deal missing from government records. Admitting that the pages were missing, Chief Secretary P K Gupta said an internal inquiry had been instituted in the matter and efforts were on to reconstruct the file.

Khemka, who had over two years back cancelled mutation of the land deal between Robert Vadra’s company M/s Skylight Hospitality and DLF, said official notings pertaining to setting up a three-member committee by the previous Bhupinder Singh Hooda government, which gave a clean chit to Vadra’s firm, were “missing” from the main file. Demanding that a case be registered in the matter, Khemka said, “It is a serious matter and it should be probed... how can the notings suddenly be untraceable?”

“The file noting is a very important piece of record which would establish that the three members were specifically appointed to an illegally constituted committee by the then political executive, where the only remedy to an aggrieved party was to file a writ petition in the high court, with the pre-determined objective to accord a clean chit to black-marketing of colony licence by M/s Skylight Hospitality, a company belonging to Robert Vadra, and to discredit my action of cancelling the land mutation from M/s Skylight Hospitality to M/s DLF,” Khemka charged in a letter on Thursday to the Haryana chief secretary.

The two pages with notings on the previous Congress government’s decision to constitute an official probe committee that later gave a clean chit to Vadra and DLF of any wrongdoing in Gurgaon land deal are untraceable, the present state government said responding to Khemka’s RTI plea.

State Public Information Officer D R Wadhwa, in an affidavit before State Information Commission a week back, mentioned that despite efforts to trace page no 1 and 2 of the noting of the file, these could not be traced and, therefore, these pages could not be provided to Khemka.

The 48-year-old IAS officer, whose action to cancel the mutation in October 2012 had raised a political storm, had sought the documents to ascertain how the official committee, which later on gave a clean chit to Vadra, was constituted.

The chief secretary on his part said it was a fact that a page of the file was missing.

“We are trying to reconstruct the file because I think it was six-seven months back when somebody asked for information under RTI, somebody other than Khemka. He had asked for information and that information was given to him... We are approaching the Information Commissioner's office to see if a copy of that is available with that office," he said.

Khemka wrote to the chief secretary that under RTI the former has been informed that noting related to constitution of the committee constituted on October 19, 2012, barely a week after the mutation was cancelled “by the then political executive to give clean chit to Skylight Hospitality and to discredit my action of cancelling the mutation is detached from main file and is denied to me under RTI Act”.

“This is serious, now there can be no scrutiny of the matter as to how Krishna Mohan, K K Jalan and Rajan Gupta became members, what were the terms of reference and what occasioned the constitution of the committee when the parties were not aggrieved against my orders and the only remedy against the order was to approach the high court,” he wrote.

The previous Hooda government had constituted the committee after Khemka cancelled the mutation and IAS officers Krishna Mohan, K K Jalan and Rajan Gupta were part of the committee.

Of the three officers in the probe committee, Krishna Mohan has retired.
http://www.business-standard.com/article/pti-stories/pages-of-file-pertaining-to-vadra-dlf-deal-missing-khemka-114121900386_1.html

ECB MOVE MAY DAMPEN BULL EUPHORIA ...????

05-12-2014 FRIDAY:

GLOBAL MOVES: The ECB move dampened the European markets, DAX rose from a low of 8600 to 10000, uninterruptedly, now took a knock of 120+ points and other European markets are also in RED. The cascading effect can be seen in other markets.

CURRENT TREND: The Indian markets are in serious Bull Grip and BULL FEVER is at its HIGH. The negative news can trigger some down-ward push can get support at 8350 level

FUTURE TREND: The Sell on Rise the best policy that can be adopted.

INDIAN STOCK MOVES: The bank Nifty is in better shape can see some unwinding as the additions are very limited in these 2-3 days of upmove.

INDIA’s CURRENT TREND: The BUY on Declines can be avoided

INDIA’s FUTURE TREND: Sell on Rise is appropriate polocy

Sector View: The Mid-Cap out performance will continue, the PSU banks may take some halt.

Stocks to Observe: Yesbank, Axis, SBI and PSU Banks, Auto sector for correction, ONGC and RIL, NMDC and SSLT for bounce

FUTURES & OPTIONS:

SHORT BUILDING: Dr,Reddy,; Bharati shorts slightly covered but still not worth buying.

LONG UNWINDING: Nifty, Bank Nifty may start tomorrow, HUL &ITC rising and unwinding be careful!

POSITION BUILDING: Bank of India, RelCapital, Tata Steel and SSLT

NEWS IMPACT: ECB decision not to charge the monitory policy may push indices down to 8300 level and Bank Nifty Unwinding may pull down by 800-1000 points.

Check & Buy on Declines: Bank of INDIA, Andhra Bank, Central Bank

Check & Sell on rise: HUL,

FOCUS TO BUY: ONGC, NMDC

FOCUS TO SELL: BANKs