Saturday, January 16, 2010
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Friday, January 15, 2010
MOSERBAR : Our delivey call trading strong at 93.75 HOLD FOR 96 PLUS
MOSERBAR :
Our delivey call
trading strong
at 93.75
HOLD FOR 96 PLUS
Buy and Hold HDFC BANK at 1674 SL 1600 HOLD for 1704 & 1777 plus
HDFC Bank – Q3 FY10 result expectations
- Net interest income up 9.8% yoy and 11.1% qoq.
- Net profit up 18.8% yoy and 7.4% qoq.
- NIM to improve on sequential basis, as the bank continues to focus on retail business.
- We have factored in a 7% qoq growth in loans and 6% qoq growth in deposits, with higher share of CASA deposits.
- Concerns over asset quality may be reasonable.
We expect strong quarterly numbers from HDFC bank,
highest in our coverage universe. Maintain BUY.
Buy and Hold HDFC BANK at 1674
SL 1600 HOLD for 1704 & 1777 plus
EIL : Freezzzzzzzzzzzzzzz 20% buyer cap.....at 2079.70
HOLD TTML & GTL today.....looking good on cards..
India’s inflation...
India’s inflation, as measured by the wholesale price index (WPI), stood at 7.31% for December 2009 as compared to 4.78% for the previous month. Inflation was at 6.15% during the corresponding month of the previous year.
Inflation for Food Articles rose to 3.11% in December 2009 as compared to 2.70% in the same period last year. Non-Food Articles inflation rose to 0.48% from 0.12% in December 2008 and Minerals inflation was at -0.06% versus -0.03% in December 2008.
Pre Market Commentary ..
Today, after two straight days of gains means that the NSE Nifty is yet again staring at 5,300. Global cues are supportive though not by a great deal. A positive start is what we are looking for. A slew of big results are lined up and could swing the sentiment either way though we don’t see any major nasty surprise.It remains to be seen whether the Nifty manages to close above 5,300, which in recent past has proved to be a tough barrier to break. If it does that it could head for 5,350-5,400 in the near term. On the downside support is at 5,200. The bias remains cautiously optimistic but volatility will persist.
Inflation is a big worry and could play spoilsport. Though a CRR hike has already been discounted there are fears that the central bank may turn hawkish as far as policy rates are concerned. In the long run, the Government needs to overcome supply side constraints to contain prices.
We expect TCS to post 3.2% QoQ growth in PAT. HDFC Bank is projected to report ~19% jump in bottom-line YoY. Axis Bank is likely to report 2.3% YoY rise in PAT.
Reliance Infratel IPO gets Sebi's nod. (FE)
Max India to issue Rs1.73bn warrants. (BS)
Punj Llyod bags Rs5.74bn project in Thailand for oil facility. (FE)
FIIs were net sellers in the cash segment on Thursday at Rs3.12bn on a provisional basis. The local funds were net buyers of Rs5.29bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs2.54bn. As per the SEBI figures, FIIs were net sellers of Rs435mn in the cash segment on Monday.
Results Today...
Axis Bank, Balaji Tele, DCB, Escorts, Finolex Cables, HDFC Bank, IDBI Bank, IndusInd Bank, NIIT Tech, Shree Renuka Sugars, TCS and UCO Bank.
Thursday, January 14, 2010
Sensex 100 plus at 17614
TARGET 34 & 37 hold for 15days
JACK POT
BUY TTML now...
Domestic air traffic grows 7.8% in 2009. (ET)
ITC is open to overseas acquisitions in the hospitality sector, if there is a lucrative opportunity. (BL)
GTL Infrastructure has agreed to buy Aircel Cellulars tower business for Rs84bn in an all-cash deal. (ET)
Maruti is planning to hike prices on rise in input costs. (ET)
Pri Market Commentary...
Today we see a firm start, thanks largely to stability in global markets. A good quarterly earnings season may have been discounted but that doesn't prevent companies like Infosys and Bajaj Auto from surprising the street on the upside. Also be prepared for a few nasty surprises. Don’t expect a flying performance from equities this year, as 2010 could turn out to be a year of consolidation. The market will also be pretty volatile, and could surprise on both the sides. So, it is time to be level headed and a bit cautious too. We are not saying that there will be a big fall. Just don’t expect a repeat of last year’s spectacular rally.
Inflation, especially on the food front is a major concern. Even non-food items are beginning to see an uptick. Fuel prices may also inch up in the near term. The Government will announce the latest monthly inflation data today, along with the weekly food and fuel inflation.
Wednesday, January 13, 2010
सेन्सेक्स (17509.80) 87.29 अंक चढ्कर, नीफ़्टी (5233.95) 23.55 अंक चढ्कर, बंद..
ABAN : Our delivery call trading 3%up at 1513, HOLD FOR 1800
1800
save this message...
Pre Market Commentary ..
Today,disappointing results from Alcoa and China’s surprising hike in the CRR seems to have spooked the already sluggish global equity markets. The Indian market too eased off despite Infosys’ stellar results and strong IIP numbers. With inflation flaring up in recent times, the market fears a sharp reaction from the RBI at this month’s policy meeting. However, concerns on interest rates appear to be exaggerated. A small increase in CRR or even in policy rates should not be such a big issue for markets.Central banks around the globe are unlikely to reverse the monetary stimulus at the same pace as they unleashed them at the height of the financial crisis. The unwinding in the stimulus is going to be a gradual process unless economic recovery outpaces expectations.
The Nifty is all set to fall below 5,200 at the start given the weakness across global markets. Metals shares could take a hit following the China announcement. The Nifty could find some support at 5,180-5,150 levels. If it breaches this range it could head for 5,050. On the upside resistance remains at 5,250 and 5,310.
Tuesday, January 12, 2010
Our yesterday and today morning call ~sell icicibank down by 2%
IDBI Bank in talks with private bank for merger - reports
Sector Watch: Textiles, Media, Banking, Realty & paper
Market likely to range bound
Small & Mid Cap Stock will in lime light
Buy Everest Kanto Cylinder (EKC) Jan Future
Buy Everest Kanto Cylinder (EKC) Jan Future @ Rs158
for the target price of Rs165-170 and stop loss placed at Rs154.
Net maximum profit of Rs24,000 and net maximum loss Rs8,000.]
Raymond plans to open over 200 stores across the country in the next one and half years to grow its business. (ET)
IOC plans 26% stake in nuclear power venture with NPCIL. (BS)
L&T plans 6,500 Mw power generation capacity in 4 yrs. (BS)
Results Today ..
Bajaj Finserve, Bajaj Auto, Infosys,
Indowind Energy, Jaypee Power (formerly Jaypee Hydro),
Mastek, Piramal Lifesciences,
Nectar Lifesciences and TTK Prestige.
Today,we expect a soft opening as most Asian markets are in the red. Results and commentary from top management of Infosys and Bajaj Auto could change the tempo later in the day. Stronger than forecast IIP data may also boost sentiment. Overall, the current phase of consolidation may extend for a few more days till there is further clarity on the health of the economy and India Inc. The NSE Nifty is likely to trade in a broad range of 5182 to 5310. Beware of the unusual spurt in some non-index stocks.
The bulls will hope the earnings season gives them more reasons to hold on to quality companies and dump the inferior ones. Infosys and Bajaj Auto are the big companies declaring their results today. We expect Infosys to report 0.4% QoQ growth in revenues and 6.3% sequential decline in PAT. For Bajaj Auto, we expect 65% YoY jump in revenues and 189.6% YoY jump in PAT.
IIP data for November is due around noon today, and monthly inflation data is scheduled to be released on Thursday. Industrial output is seen rising by 10% in November from a year earlier after expanding by 10.3% in October. Marketmen will watch these crucial data points for cues on what action, if any, the RBI will take on Jan. 29.
FIIs were net buyers in the cash segment on Monday at Rs30.42bn on a provisional basis. This includes the treasury sale by Reliance Industries. The local funds were net buyers of Rs3.22bn, according to figures published on the NSE's web site. As per the SEBI figures, FIIs were net buyers of Rs1.5bn in the cash segment on Friday.
Pre Market Idea ..
Sell ICICI Bank above 870
SL 890 hold for target of
Rs. 865 & 854
Buy TATA MOTORS at 790
SL 765 hold for target of
Rs 804 & plus
Monday, January 11, 2010
European markets update: FTSE Index up 0.7%, CAC Index up 0.8% and DAX Index up 0.6%
Amtek Auto in top gear after bulk deals
Buy and Hold MOSERBEAR -Looking VERY GOOD ON CHARTS!!
hold for delivery target 114
act now!! act now!! act now!!
Sell ICICIBANK at 879
sl 888 HOLD FOR
860,850 840
Sell NIFTY at 5285 with
SL 5330 hold for
5240 and 5210 below
INTRADAY CALL
act now!!
BUY AND HOLD FOR 15days..
Buy and Hold EKC at 150-155
HOLD FOR 15days for target of
159, 164 and 177 plus
MUST BUY DELIVERY CALL
jackpot...
IOC plans 26% stake in nuclear power venture with NPCIL. (BS)
Results Today: Dhampur Sugar, Bihar Tubes and Exide.
FIIs were net buyers in the cash segment on Friday at Rs693.8mn on a provisional basis. The local funds were net buyers of Rs1.82bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net sellers at Rs7.75bn. As per the SEBI figures, FIIs were net buyers of Rs3.02bn in the cash segment on Thursday.
DLF :
Pre Market Commentary ...
Today,we expect a slightly positive start as most Asian markets are in the green. Things should turn choppy again later in the day. Strength in brokerages has lifted China and Hong Kong after Beijing approved index futures. Chinese exports have rebounded and imports too have surged. Consolidation seems to be the name of the game as bulls seek a strong foundation amid uncertainty over the prospects for 2010. Bulls and bears both seem to be lacking conviction for the moment; perhaps waiting for further clarity on economic recovery and corporate earnings.
Events scheduled for this week and the month could help shape the opinion about the outlook in near future. IIP data for November will be out on Tuesday while the monthly inflation report is due out on Jan. 14. Infosys, TCS, Bajaj Auto, HDFC Bank, Axis Bank and UltraTech Cement will announce results this week. Later this month, the RBI and the Fed will hold policy meetings. The ECB meets on Thursday but is unlikely to alter its monetary policy just yet.
MBL Infra IPO Listing on 11th January 2009
Markets Undertone may positive Mid-Small cap Stocks will be in limelight
Pre Market Ideas ...
Pre Market Idea
Hold/Buy Rel Capital at 890-900
SL 854 hold for 944, 977
and 1000 plus
Hold/Buy DLF 380-390
SL 364 target 404, 414
plus
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