Friday, May 20, 2011
Buy and Hold...
Buy Scooters India (38.40) with s/L Rs 38 target Rs 39, 41
Buy ITC (189.25) with s/L Rs 187 target Rs 191, 193
Buy Hpcl (356.70) s/L 354 target 358, 361
Circuit braking Stocks for Today
| Co. Name | BSE Code | CMP | Stoploos | Target |
| Vikas Global One | 530961 | 83.80 | 76.00 | 99.00 |
Nifty & Sensex Levels
| Nifty / Sensex | F & O Close Rate | R-1 | R-2 | S1 | S2 |
| NIFTY | 5433.95 | 5462 | 5487 | 5400 | 5372 |
| SENSEX | 18141 | 18228 | 18303 | 18042 | 17958 |
Daily & Short Term Recommendations
Buy Call
| Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
| L&T | 1613 | 1632 | 1651 | 1600 |
| TCS | 1164.25 | 1182 | 1199 | 1151 |
| HDFC | 646.45 | 659 | 666 | 638 |
Sell Call
| Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
| SBIN | 2308 | 2280 | 2268 | 2325 |
| TATASTEEL | 563.50 | 555 | 547 | 568 |
| STER | 168.35 | 166 | 162.5 | 170 |
| RELINFRA | 556.10 | 548 | 533 | 568 |
| GRASIM | 2236.15 | 2215 | 2200 | 2253 |
SEBI withholds listing of Vaswani Industries IPO
SEBI withholds listing of Vaswani industries IPO Due to complaints from investors
SEBI has advised the stock exchanges to withhold the listing of securities until further instructions.
Corporate Snippets
± RIL is negotiating with American Express to form a JV that could offer services as payment gateways. (ET)
± BHEL successfully tested country’s first new series Turbo Generator of 600MW. (ET)
± ICICI Bank to raise US$1bn via MTNs. (BS)
± L&T to sell a minority stake in its electrical arm. (BS)
± PNGRB rejects Adani Group application to set-up city gas distribution in Jaipur and Udaipur. (BS)
± Idea Cellular faced the ire of the Delhi high court for suppressing certain documents while getting its approval for merger with Spice Communications. (BS)
± Crompton Greaves has acquired Sweden-based Emotron Group for Euro57.8mn. (ET)
± Godrej has entered the gaming TV market with a single product under the EON brand. (BS)
Marke Commentary ..
A quiet start and perhaps a steady close for the week is in the offing today. The key stock indices snapped a three-day losing streak but the advance came on low volumes. The breadth was negative. We expect a lackluster session and sideways consolidation in a tight range. There is no clear bias at this juncture amid macroeconomic concerns.
Avoid taking any directional calls just yet; wait for the current consolidation to settle. Maintain a disciplined approach in selecting stocks for investment. Technically, a breakout appears likely beyond 5,480. Support is expected to kick in around 5350. Derivatives data too is indecisive ahead of next week’s F&O expiry.
Kanimozi’s bail plea will come up for hearing today. If denied bail, she will be sent to Delhi’s Tihar jail. Reports also say that a combined team of CBI and ED will leave for Mauritius on Sunday to probe the money trail in the 2G scam.
Incidentally, ADAG shares have been weak in the past two days. ITC will be in focus as the FMCG giant unveils its Q4 results.
Thursday, May 19, 2011
Buy and Hold...
Buy Varun shipping co (28.25) with s/L Rs 27 target Rs 29, 29.50
Buy Dunlop India (59.95) with s/L Rs 58 target Rs 61, 62
Buy shoppers stop (398.30) s/L 392 target 402, 406
Nifty & Sensex Levels
| Nifty / Sensex | F & O Close Rate | R-1 | R-2 | S1 | S2 |
| NIFTY | 5427 | 5462 | 5485 | 5390 | 5342 |
| SENSEX | 18086 | 18191 | 18260 | 17975 | 17831 |
Daily & Short Term Recommendations
Buy Call
| Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
| HEROHONDA | 1841.65 | 1861 | 1892 | 1822 |
| WIPRO | 445.75 | 454 | 460 | 439 |
| BHEL | 2066.70 | 2092 | 2123 | 2050 |
| TCS | 1156 | 1175 | 1197 | 1139 |
Sell Call
| Scrip Name | F & O Close Rate | Target 1 | Target 2 | Stoploss |
| ONGC | 274 | 268 | 260 | 278 |
| RELIANCE | 901.85 | 887 | 878 | 912 |
| TATASTEEL | 571.70 | 562 | 555 | 578 |
| RELCAPITAL | 510 | 502 | 494 | 518 |
NIFTY FO CLOSED @ 5427 AS ON 18.05.2011
NIFTY FO has resistance @ 5447 to 5461 above which other resistance levels are @ 5477 to 5488. In down side support levels are @ 5409 to 5397 levels; below which other support levels are @ 5381 - 5370 levels in MAY-2011. I am positive for next week above 5488 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...... One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pressimistic outlook but that's the way we tend to be, in this market.
TELCO FO @ 1148 > POSITIVE TREND @ 1140 WITH SL @ 1133 TARGET @ 1161 TO 1167 � 1173....!!
HERO HONDA FO @ 1818 > NEGATIVE TREND @ 1823 WITH SL @ 1833 TARGET @ 1797 TO 1790 - 1781..!!
BPCL FO @ 623 > POSITIVE TREND @ 617 WITH SL @ 613 TARGET @ 637 TO 641 - 647..!!
Buy and Hold...
TCS (BUY, above Rs1,158, Target Rs1,200): TCS on the daily chart has signaled breakout from an ‘Ending diagonal’ after prices oscillated in narrow band of Rs1,08-1,35 and volume trend decelerating for almost 12 trading sessions. On Wednesday, the stock broke out from the trading band mentioned above with spurt in volumes, exhibiting strength in the counter. The amplitude of ‘Ending diagonal’ projects immediate target of Rs1,200 in the near term along with confirmation of a positive crossover in RSI. We advise buying the stock above Rs1,158 with stop loss of Rs1,140 for Target of Rs1,200.
Buy and Hold...
Colgate Palmolive May Future in range of Rs903 – 906 for the target price of Rs933 with a Stop loss placed at Rs891.
Lot size: 250
Remarks: Net maximum profit of Rs7,500 and net maximum loss of Rs3,750.
Result Update: Bajaj Auto (Q4 FY11) – Market Performer
CMP Rs1,287, Target Rs1,405, Upside 9.2%
± Total volumes for Q4 FY11 jumped by 17.2% yoy, led by 28.6% yoy surge in export volumes
± Realizations rose 5.4% yoy driven by price hikes implemented over the past few quarters
± OPM at 20.5% fall of 235bps yoy was better than expectations of 19.8%
± Adjusted for extraordinary items net Profit jumped 27% yoy to Rs6,758mn
± Uncertainty over continuity of DEPB benefits will keep the stock under pressure over the medium term. If the scheme is not extended EPS for FY12E and FY13E would be cut by 9% and 12% respectively
± We downgrade our rating on the stock from BUY to Market Performer with a revised 9-month price target of Rs1,405
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