Sector Watch:
I.T., Capital Goods & Oil & Gas Producing
Sector Avoid:
Banking
Wednesday, December 8, 2010
Corporate Snippets
± Kotak Mahindra Bank raised its base rate and benchmark prime lending rate by 25 basis points with immediate effect. (BL)
± Religare Enterprises is close to buying 85% of the Ajay Piramal Group-promoted real estate fund Indiareit Fund Advisors, valuing the entire fund at around Rs2.5bn. (ET)
± Jet Airways and Air India, India’s two large carriers, are leasing 35 Airbus aircraft in a deal valued at US$5bn. (ET)
± United Phosphorus has firmed up plans to launch a clutch of new branded hybrid vegetable seeds, ranging from tomatoes to green peas, next year. (BL)
± CARE has reaffirmed its ‘AAA' rating of LIC Housing Finance's debt instruments. (BL)
± CESC plans to have 500 MW hydroelectric generation capacities — through greenfield ventures or acquisitions — in the North-East and North India in the next six years. (BL)
± Welspun Corporation has bagged contracts worth Rs16.7bn from international markets. (BS)
Tuesday, December 7, 2010
Intraday: Sell Nifty at 6007.90, first target achived, HOLD for NEXT tgt..
Nifty Dec Fut 5964...........book profit
bang on target................
bang on target................
Buy and Hold.... till RAIL BUDGET, buy on EVERY DIPS!!
Buy Titagarh Wagon
BUY Kalindee RAIL
Buy Kernex
Buy BEML
Buy and Hold.... till RAIL BUDGET,
buy on EVERY DIPS!!
BankNifty at 11775, weak....
± SBI has raised its deposit rates by up to 150 bps across various maturities, a move that will provide better returns to people with fixed deposits in the bank. (ET)
Reliance BOOK intraday profit at 1040
OUR BTST & MORNING INTRADAY
RELIANCE AT 1039.50
BANG ON TARGET
RELIANCE AT 1039.50
BANG ON TARGET
Market Commentary ..
Many market players appear to be taking it easy as the year draws to a close. As a result, the trend for the remainder of December is likely to be largely lackluster. But, there could be a minor-year-end “Santa Clause Rally”, provided the overseas markets are supportive. For now though we seem to have hit a speed breaker.
The Nifty failed to sustain beyond 50 DMA of 6066. It is likely to consolidate in the coming days with near-term support likely in the zone of 5900-5950. The upside appears capped with resistance likely at 6050-6100 in the near term.
October IIP and the mid-quarter RBI review are the big events to watch out for in the next few days. Globally, Eurozone debt woes will continue to unsettle investors.
Today’s start is expected to be flat to slightly negative on the back of lackluster global markets. The way the Indian market turned negative on Monday will only add to the anxiety. FIIs were net sellers and so were the domestic funds. Stick to a stock centric approach.
Buy and Hold....
Buy Hindalco Ltd Above Rs221 Target Rs 231.5: Hindalco Ltd continues to remain in steady uptrend with counter regaining its control over the short term moving average of 10 & 20 DMA with increase in volume activity. A white candle engulfing a bearish candle in yesterdays trading session can be conceived as positive development in the counter with levels of Rs216 acting as strong support from hereon. A positive crossover can also be witnessed in daily RSI and long term chart depicts breakout from inverted head and shoulder bottom whose target is yet to be met. We advise buying stock above Rs221 with stop loss of Rs216 for Target of Rs231.5
Corporate Snippets
± Suzlon Energy to merge its infrastructure and tower business divisions with itself. (ET)
± Coal India Ltd (CIL) has officially expressed interest in Kenya's Mui Basin. (BS)
± ONGC Videsh Ltd (OVL) will sign a formal agreement for taking a 25% stake in Kazakhstan’s Satpayev oilfield by the end of February 2011. (BS)
± Religare Enterprises is close to buying 85% of the Ajay Piramal Group promoted real estate fund Indiareit Fund Advisors, valuing the entire fund at around Rs2.5bn. (ET)
± Areva is likely to sign a framework agreement with NPCIL to build the first two of the six planned nuclear power reactors in Maharashtra. (ET)
± Glenmark along with its US-based partner has received US health regulator's nod to manufacture and market two oxycodone products, used for treating moderate to severe pain, in the American market. (ET)
± BPCL will file an execution petition against Kingfisher Airlines (KFA) to claim jet fuel dues. (BS)
± Opto Circuits has completed the acquisition of US-based Cardiac Science Corporation. (FE)
± Glenmark's US-based generics subsidiary and Lehigh Valley Technologies (LVT) have jointly announced that the US regulator has approved two New Drug Applications (NDAs) for a line of controlled-substance products containing Oxycodone Hydrochloride (Oxycodone). (BL)
± SBI has raised its deposit rates by up to 150 bps across various maturities, a move that will provide better returns to people with fixed deposits in the bank. (ET)
Monday, December 6, 2010
BOOK PROFIT IN SELL NIFTY AT 5994
INTRADAY CALL
BANG ON TARGET
book profit................................
Buy & Hold ITC Ltd at Rs169.7 with SL of Rs 166 for Target Rs177.5
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ICICI Bank; RSI and stock closing above its 50 DMA
Buy ICICI Bank Ltd in the range(Rs1,170-1174) Target Rs1235: After forming an inverted head & shoulder on the hourly chart, stock has signaled a breakout and has been sustaining above the breakout levels of Rs1160 quiet comfortably. The support trend line drawn from troughs of October 2010 is reinstated affirming the long term uptrend in the counter and with prevailing positive crossover in the RSI and stock closing above its 50 DMA, it has voided negative trend in the counter. One can also see a formation of H&S bottom in RSI which support buying argument in the counter.We advise buying stock in the range of (Rs1,170-1,174) with stop loss of Rs1,147 for Target of Rs1235.
Nifty looking strong on charts, hold for 6550
Nifty Target 6,550
Index composition of Nifty conducive for setting a record high with some of its components exhibiting enormous strength
With strength in IT and FMCG sector, the decline in Nifty has got arrested at 38.2% retracement while broader index like BSE 500 retraced nearly 50%. Hence the composition of Nifty and Sensex turned out to be better in assisting quick recovery and we feel that the stage is set for the key indices to surpass the January 2008 peak very soon.
Corporate Snippets
± HDFC hikes home loan rates by 75bps. (BL)
± Siemens will invest nearly Rs4bn in the development of wind turbines in the country in the next two year. (BL)
± Honda could end up selling its 26% stake to Hero Group at a substantial discount to the market price, but this will be offset by higher royalty payment till 2014. (BL)
± ICICI Bank announced increase in both lending and deposit rates. (BL)
± Nuclear Power Corporation and Areva would sign two agreements for developing a 10,000MW nuclear power project at Jaitapur in Maharashtra. (BS)
± M&M will invest Rs2bn to set up a tractor manufacturing plant in South India, the location of which will be decided in the next three months. (BL)
± DLF has sold 150 plots, garnering more than 5bn, in a township project at Gurgaon. (BS)
± ONGC plans to spend US$1.8bn over three years to replace ageing infrastructure and maintain production at onshore oilfields in Gujarat. (ET)
± Central Bank of India plans to raise Rs25bn through rights issue in the fourth quarter of the current fiscal to augment capital adequacy. (BL)
± Sun Pharmaceutical Industries is set to delist its troubled US-based subsidiary Caraco Pharmaceutical from the US bourses. (BS)
Friday, December 3, 2010
Reliance BOOK intraday profit at 1026.90
INTRADAY sms Buy GIVEN AT 1011.40
\\\ Target at 1026.90, BANG ON TARGET ///
Sector Watch:
Sector Watch: Steel, Media & Financial Service
Sector Avoid: Fertilizers, Cigarette mfg. Stocks
One 97 Communication Ltd. Delays IPO
Issue to open on 13th Dec. to 16th Dec. 2010
Instead of 1st Dec. to 3rd Dec.
Market Commentary ..
Markets seem to be getting ready for Christmas with the bulls staging a spirited comeback. This week has been a pretty good one after a turbulent November. It looks like the market will close out the week on a positive note with global markets holding firm.
The start today will be higher after the US stocks extended rally and the ECB extended liquidity support measures. Asian markets are mostly up. All eyes are on the monthly US jobs data that will be released before the opening bell.
December has historically been a good month for Wall Street and it appears that the pattern will not be any different this year as well. There are signs of a pick-up in consumer confidence in the US.
US retailers posted robust November sales and pending home sales jumped 10% in October. The Dow notched up its second straight triple-digit advance. European stocks gained despite the ECB refraining from boosting the bond purchase program. Instead, the central bank said it will continue stimulus measures. A well received Spanish bond auction also lent support.
Buy and Hold....
GT Offshore Ltd (Buy, above Rs389 Target Rs414): GT Offshore has been consolidating in narrow range of Rs350-384 since last couple of weeks. However after yesterdays close above Rs384, a range breakout is seen on the upside which is likely to act as trigger for sharp up move in the counter. With MACD signaling bullish crossover and prices closing above the 50DMA , the authenticity of the rally increases and also provides better risk reward ratio from the current levels. Immediate resistance is seen at Rs416 which corresponds to the 200 DMA and above which stock should head towards Rs477.We advise buying stock above Rs389 with stoploss of Rs378 for Target Rs414.
Corporate Snippets
± Powergrid has received two bids from telecom tower companies seeking the right to lease the utility major tower slots to telecom operators. (ET)
± Godrej Consumer Products has acquired liquid detergent brand Genteel and Swastik soap. (ET)
± NTPC has signed a loan pact with Bank of Tokyo-Mistubishi UFJ Ltd for US$300mn to part-finance its capex on its ongoing and new power projects and for the renovation of existing stations. (BL)
± TCS announced the launch of its BPO centre in the Philippines with a capacity of 400 people; to be eventually scaled to 1,000 employees. (BS)
± L&T has bagged two orders totalling Rs4.2bn from Hindalco and Sepco-I. (BL)
± Tata Motors' sale of buses and trucks grew 19% yoy to 35,079 units in November. (BL)
± M&M reported highest ever monthly tractor sales in November at 16,975 units registering a 46% yoy growth. (BL)
± HCL Tech bagged a contract from OP Pohjola, the largest financial services group in Finland. (BL)
± Dabur India launched a daily health supplement under the Nutrigo brand to announce its entry into the OTC healthcare market. (BL)
Thursday, December 2, 2010
INDIAINFO: at 90.10,Trading strong, hold for 97 & 104 ++
HOLD INDIAINFO, trading in profit..................
Sell Chambal Fert at Rs97.10, target achieved at 92.10, BIOOK PROFIT
bang on target, intraday position closed..................
Target Achieved in Diamond Call Long Bank Baroda Dec fut
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Food articles inflation at 8.6%
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Buy and Hold....
DELIVERY CLIENT hold our
Buy and Hold Dabur at Rs98.20
with SL of Rs96 for target of Rs103,111 ++
Buy and Hold Dabur at Rs98.20 with SL of Rs96 for target of Rs103,111 ++
Book profit in Reliance Dec given buy to paid clients at 987.90
BOOK PROFIT AT 1007.90SMS TO PAID CLIENT ONLY
Market Commentary ..
After a subdued October and a tumultuous November, the bulls have something to cheer about. The Indian market has bounced back and looks like it has enough spirit left in it to go farther. For a change, the daily dose of news on various scams is likely to be buried by the positive global vibes.
So, it’s a no-brainer that India will witness a gap-up opening. Hopefully, the external scenario will remain bright to enable us to finish higher.
The global turnaround has been sparked by strong manufacturing PMI reports. US stocks galloped following encouraging reports on private payrolls, auto sales and productivity.
Concerns over the eurozone debt crisis also seem to be ebbing following positive comments from the ECB chief. It is expected to leave rates steady at today’s meeting. A successful sale of government debt by Portugal also helped lift some of the gloom.
But, crude oil at $86 a barrel is a cause for concern so is the overhang of tension between the two Koreas.
Buy ICICI Bank Ltd
High Risk Buy ICICI Bank Ltd in the range of (Rs1160-1162) Target Rs1,225: After forming an inverted head & shoulder on the hourly chart, stock has signaled a breakout and has been sustaining above the breakout levels of Rs1160 quiet comfortably. With prevailing positive crossover in the RSI and stock closing above its 50 DMA, it has voided negative trend in the counter. One can also see a formation of H&S bottom in RSI which support buying argument in
the counter. We advise buying stock in the range of (Rs1,160-1,162) with stop loss of Rs1,225 for Target of Rs1,234
Corporate Snippets
± NTPC has tied up with a Singapore-based bank for US$300mn loan for funding its projects during this fiscal. (BL)
± Coal India Ltd (CIL) may buy 10% stake in US-based Peabody asset ltd. (ET)
± HDFC bank, ICICI bank & Corporation bank withdraws teaser home loan schemes. (ET)
± Bharti Airtel & Punj Llyod have submitted bids to buy out Telecom consultant of India (TCIL) 30% stake in Bharti Hexacon. The deal is expected to be worth Rs18bn. (ET)
± IOC plans to come out with FPO by January 2011 for a price of Rs450 per share. (ET)
± SBI & Indian Bank have raised inertest rate for NRE rupee term deposit from 2.51% to 2.54%. (ET)
± The Government is likely to dilute up to 10 % of its stake in Neyveli Lignite in the next financial year. (BL)
± Central Bank of India is planning Rs25bn rights issue in the January-March quarter. (BS)
± VA Tech Wabag is looking at acquisition of around Rs10bn in China & Middle East Asia.(ET)
± Supreme Court has dismiss German firm Bayrer’s Plea to block Cipla low-cost cancer drug launch. (ET)
Wednesday, December 1, 2010
European market update: FTSE index 0.7%, CAC index up 0.8% and DAX index up 1%
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Market Commentary ..
Strong Q2 GDP growth has sparked hopes of India hitting the 9% mark for FY11. The fiscal deficit seems to be under control too. The core sector growth improved smartly as well in October. Now we will have to wait for the IIP report and monthly inflation data.
It would be interesting to watch the RBI’s reaction to the upbeat macro-economic statistics. The mid-quarter review is scheduled for Dec. 16 while the quarterly review is slated for Jan. 25. It could increase rates by 50-75 bps next year.
The start today is likely to be a subdued one given the murky global outlook. However, there is a chance of a bounce back provided the external picture improves.
US stocks closed in red despite encouraging consumer confidence data. European markets fell amid persistent worries over the sovereign debt situation. The euro slid below the $1.30 mark, while the spread on Spanish and Portuguese debt hit new record highs. China’s manufacturing expanded at the fastest pace in seven months in November. Keep an eye on monthly auto and cement sales, trade data and manufacturing PMI.
Tata Steel looking good, rebound from the 200DMA
Tata Steel (Buy, in range Rs577-579 Target Rs600): A solid rebound from the 200 DMA yesterday accompanied with a ‘hammer’ pattern on candlestick has signaled a trend reversal from the short term down trend. With coinciding support of 100 DMA and 200 DMA respectively at 474, and RSI sustaining above 50 levels on the weekly charts increases scope for bounce back in the counter. Adding to it rising support line drawn from the October 2010 has been holding quiet well. We advise buying stock in the range of Rs577-579 with stop loss of Rs569.
Corporate Snippets
± HCL Technologies has signed a multi-year IT infrastructure management deal with pharmaceutical firm Purdue Pharma. (ET)
± Sun Pharmaceutical has received a tentative approval from US health regulator to market generic donepezil hydrochloride tablets used for treating Alzheimer's disease in the American market. (ET)
± Videocon Industries along with its partners Oilex, Sasol Petroleum Australia, Bharat Petro Resources and Hindustan Petroleum, have entered into a farm agreement with Apache Northwest for WA-388-P gas exploration license in offshore West Australia. (FE)
± SAIL has signed a memorandum of understanding with Japanese steelmaker Kobe Steel Ltd for a comprehensive strategic collaboration covering technologies, projects and other areas. (BL)
± ABB Ltd to buy Baldor Electric Co for about US$3.1bn in cash to expand in the North American market for industrial motors and drives. (BS)
± Neyveli Lignite Corporation sets up a 1,980 mw coal-based power project near Kanpur. (FE)
Tuesday, November 30, 2010
Buy and Hold.... MAHALAXMI RUB [ BSE CODE: 514450]
BUY MAHALAXMI RUB AT 26.90
hold for 34.90 & 44.90 in 100 days
hold for 34.90 & 44.90 in 100 days
Buy and Hold....
ITC (Buy, in range Rs170.5-171 Target Rs179): ITC Ltd has bounced back from the support of 100 DMA and closed in positive terrain leading to a hammer pattern on candlestick. An appearance of Hammer pattern near the support levels signifies resumption of the uptrend which had been stalled earlier. Horizontal drawn from the peak of Oct 2010 acts as steady supply zone which is placed levels of Rs180, where this upmove might last on the conservative note. However a breakout above same could open gateways for sharp upside ranging from 8-10%. We advise buying stock in the range of Rs170.5-171 with stop loss of Rs167 for Target of Rs179.
Corporate Snippets
± Gujarat Mineral Development Corporation has managed to get nine responses for its Rs140bn aluminum project in Kutch, Gujarat. (BS)
± BPCL and its partners have made a major natural gas discovery in offshore Mozambique. (BS)
± Lavasa, a subsidiary of HCC is likely to approach the Bombay High Court seeking a stay on a directive issued by MoEF(Ministry of environment and forests.(ET)
± IVRCL Infra said its water and building division had bagged orders worth Rs5bn from various organizations. (BS)
± Punj Lloyd group announced that it has entered into MOU with Hopetech Sdn Bhd, Malaysia a provider of integrated solutions in automated revenue collections. (BL)
± GMR Infrastructures sold off its 50 stake in Intergen N.V. (BL)
± Ceat has acquired the global rights of the Ceat brand from Pirelli for Rs550mn, helping it to secure better pricing advantage and distribution strengths.(ET)
Monday, November 29, 2010
European Market Update: FTSE index up 0.3%, CAC index up 0.4%, DAX index up 0.3%
====================================
Morning Call: RIL Dec Fut trading strong at 1007
HOLD RIL, Target 1044, THIS WEEK
Sector Watch:
Sector in Action;
Pharma, I.T. & Fertilizers
Sectors to Avoid:
Telecom, Realty & Banking
Pharma, I.T. & Fertilizers
Sectors to Avoid:
Telecom, Realty & Banking
Market Commentary ..
Today, after the mayhem of last week, the market will look to find some stability. The bulls will try their best to put the bribes-for-loans scam behind, but whether they are successful remains to be seen. A mix of domestic and global headwinds will continue to cast a shadow on the sentiment.
The start today would be cautious as Asian markets are indecisive. Barring Japan other markets are in red. US and European markets sold off on Friday amid growing concerns over the eurozone sovereign debt issue. Meanwhile, European officials have announced a $112bn rescue package for Ireland.
The war of words between South Korea and North Korea continues and will continue to weigh on world markets. US jobs report, Chinese manufacturing PMI and ECB interest rate decision are some of the global economic events to watch out for.
Back home, Q2 GDP data will be announced on Tuesday. Also keep an eye on monthly Auto and Cement sales, besides the latest trade data and manufacturing PMI. Use any rebound to get rid of ‘questionable’ stocks in your portfolio and get into quality ones with sound fundamentals and earnings visibility.
New IPO update ..
*Manganese Ore Ltd. (MOIL) IPO 1st Day Subscribed 0.76 (average)
*Claries Life science IPO 3rd Day Subscribed only 0.44 (average) CLARIS LIFESCIENCES LIMITED
*Shipping Corporation (FPO) Opens on 30th November 2010Issue will close on 2 Dec,2010 instead of the earlier closing day on 26 Nov, 2010.Further price band has revised from278/- to Rs. 293/- TO Rs. 228/- to Rs. 235/- per share
*One 97 Communication Ltd. IPO Opens on 1st Dec.
Morning Call : Buy and Hold IGL at 319
BUY& Hold IGL for 4 days for target of 320 &330 ++
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Corporate Snippets
± Suzlon Energy’s overseas subsidiary, REpower Systems has received an order from Belgium based C-Power to install wind energy turbines for Thornton Bank aggregating 295MW. (BL)
± Deal between Bhushan Steel and Japan’s Sumitomo Metals has got stuck due to differences over valuation. (BS)
± Tata Power has decided not to take part in the country’s first major solar auction. (ET)
± Bajaj Auto, KTM and Kawasaki of Japan plan to form a global alliance. (BS)
± Shipping Corp FPO price band fixed at Rs135-140/share. (BL)
± GVK Power & Infrastructure, through its wholly owned subsidiary, has announced that it has emerged the successful bidder for the six-laning tollway road project in Gujarat. (BL)
± The Union environment ministry issues showcause notice to Lavasa Corporation, promoted by HCC alleging violation of environment laws. (ET)
± Claris Lifescience’s reduces the Initial Public offer price by 20% and extends it by three working days. (ET)
± The IPO of MOIL was subscribed 76% on the first day of bidding. (ET)
Friday, November 26, 2010
HOLD ...
RIL
DABUR
INDIAINFO
buy on dips, will correct first
next week market will recover...
save this message!!
DABUR
INDIAINFO
buy on dips, will correct first
next week market will recover...
save this message!!
Fundamantal PICK
Bata India (BUY, Rs343-353, Target Rs366): Bata India has signaled a breakout on monthly from inverted head and shoulder pattern and stock has being moving steadily higher even in the short term. The expansion of volume activity during the up move and contraction during down move exhibits bullish trend in the stock. The 30-DMA also acts good support for the counter and dips towards same should provide a buying opportunity. We advise buying stock in the range of Rs342-353 with stop loss of Rs333 for target of Rs369.
PO Opens Today ...
Manganese Ore Ltd. (MOIL) IPO Opens Today
Claries Life science IPO 2nd Day Subscribed only 0.09 (average)
Due to Poor Response Company may apply to
Extend issue period or Reduce Issue price
Market Commentary ..
The bulls may be ‘down’ but whether they are ‘out’ only the coming days will tell. The market may recover some lost ground after the selloff in the past few sessions. The start today appears to be shaky and sluggish. Global cues are indecisive with European markets rising and Asian benchmarks in red.
Traders and investors alike will remain jittery in the wake of the bribe-for-loan scam. Stocks of the realty firms, select NBFCs and a few banks could remain under pressure as would shares of companies named by the CBI. But the fact that authorities are taking stern action should offer some comfort from a longer term perspective.
The time is right to pick up fundamentally sound stocks which may have got beaten down along with their peers. Globally, concerns prevail on the mounting fiscal woes of indebted eurozone nations as well as on China’s efforts to cool the economy. Geopolitical tension is also a near-term risk.
The US markets will be open today for half a day owing to Black Friday. Keep an eye on indicators on US retail sales over the Thanksgiving weekend.
Corporate Snippets
± Tata Steel is looking at further acquisition to boost its capacity for meeting booming demand. (BS)
± L&T bags an order worth Rs10.3bn for construction related works. (BS)
± Maruti Suzuki estimates that 20% of the cars will run on CNG by 2016. (BL)
± NTPC proposes to invite tenders for power generation equipments for all of its upcoming gas-based plants. (ET)
± SBI not to go for overseas bond issue soon. (ET)
± Maruti to hire 3,000 employees for expanding service network. (BS)
± Supreme Court rejects Reliance Infra’s plea on toll bid disqualification. (BS)
± Cairn seeks nod from the Government for transfer of its main assets. (ET)
± Adani to develop non-LNG port at Hazira. (BL)
Thursday, November 25, 2010
Corporate Snippets
± Dr Reddy’s Laboratories has signed an agreement with GlaxoSmithKline, to buy the latter’s oral penicillin manufacturing facility at Tennessee in the US. (BS)
± The Mumbai Income Tax Appelate Tribunal has held that income tax paid by Tata Sons abroad cannot be claimed as deduction in India. (DNA)
± Maruti Suzuki is not contemplating any price raise, despite a 20-30 % surge in raw material prices in recent months. (BS)
± Punj Lloyd has won ~Rs16bn domestic and overseas contracts. (BL)
± Cairn Energy Plc may soon seek government’s approval to sell three blocks to Vedanta Resources. (DNA)
± JSW Steel seeks new coking coal mine in Jharkhand. (DNA)
± Power Grid is likely to sign MoU with Sri Lanka for developing of high capacity power transmission link between the India and Sri Lanka from the Indian side. (BS)
± 50 Kingfisher Airlines pilots quit to join rival Jet Airways. (ET)
Wednesday, November 24, 2010
INDIAINFO Dec FO: BOOK PROFIT AT 113.70 | Profit booked 25000
TODAY HIGH AT 113.90
INVESTMENT IDEA Clients book profit
"Buy INDIAINFO Dec Future at 111.20 or below with sl 104.90
HOLD FOR target of 114.50, 117.90 & 121 in 11 days."
Profit booked Rs25000/-
"
Investment Idea;
to Earn Rs25000
BUY INDIAINFO DEC, 5 LOTS,
MARGIN Rs40000 X 5 LOTS = 2 LAC
place SL at 104.90
BUY AT110.50-111.10
SELL 113.10-113.70
PROFIT = 25000+
"
CALL CLOSED, PROFIT BOOKED
CALL CLOSED, PROFIT
Reliance Dec Future: Book Profit at 1020 Position closed for BTST
High Risk traders, can hold for 1044
always remember no jai no viru...
only dhiru
always remember no jai no viru...
only dhiru
IPO Note: Manganese Ore India Ltd (MOIL) - Subscribe
Manganese Ore India Ltd (MOIL) - Subscribe
Price band Rs340-375
MOIL has over four decades of experience in manganese ore mining operations. It enjoys a near monopoly with a dominant 50% share in the domestic manganese production and is also one of the lowest cost producers of manganese ore in the world. MOIL was conferred with ‘Mini Ratna’ status by Government of India in FY08. A debt-free company, it has a healthy balance sheet with strong cash flows. As on H1 FY11, its cash balance stood at Rs17.6bn, which translates into Rs105 per share. It has witnessed revenue and PAT CAGR of 31% and 42% respectively, over the last four years. Presently, it is enjoying OPM of 70.3% and PAT margin of 52.1%. We recommend investors to ‘SUBSCRIBE’ the issue.
Reliance Industries : at 1010, OUR TARGET 1044 ++
Reliance Industries (BUY, above Rs1,006 Target Rs1,036): Reliance Industries on daily chart has formed a hammer pattern on candlestick which signifies a pause to short term downtrend. The pattern has appeared near its 61.8% retracement levels of earlier upmove which prevailed from the levels of Rs915 to 1,120 levels. To corroborate reversal from the short term downtrend , RIL needs to open and sustain above Rs1006 in today’s trading session. Adding to it volumes have also spiked up in yesterdays trading session which generally seen at major intermediate lows. We advise buying stock above Rs1006 with stop loss of Rs991 for Target of Rs1,036, 1044 ++
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