Thursday, December 23, 2010

High risk treders Sell INTRADAY A2ZMES above 350

Book Profit today call........... BANG ON TARGET

our call bang on target book profit
"Buy Jindal photos (210.60) with s/L Rs 200 target Rs 215, 218"

Buy FUTURE,

IOC Dec Future in range of Rs368.5 -370.5 for the target price of Rs378.5 with a stop loss placed at Rs363.5.Lot size: 500 ;' Remarks: Net maximum profit of Rs5,000 and net maximum loss of Rs2,500.

Buy and Hold...

Pantaloon Retail (BUY, above Rs371, Target Rs389):  After hitting an interim peak of Rs501, stock has corrected nearly 34% and right now placed at long term support levels. With RSI trading in oversold terrain and displaying positive divergence on the short term charts, the risk reward favors for the upside. Based on hourly chart, stock has given breakout from a ‘symmetrical triangle’ which is likely to pave for smart upside of 7-8%. From candlestick point of view, stock has been making back to back ‘long lower shadow’ which also attributes bargain buying at lower levels. We advise buying stock above Rs371 with stop loss of Rs362 for target of Rs389.

± Government not in favour to include a provision in the Companies Bills that would have mandated firms to spend 2% of their profits on social causes.(ET)

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Corporate Snippets

±  Gas leak kills 2 people in Dr Reddy’s Lab unit near Hyderabad, (ET)
±  TCS has bagged a multi year outsourcing engagement from Hilton Worldwide for spearheading and transformation and management of core group of application platforms. (BL)
±  BHEL bags three orders for setting up solar plant. (ET)
±  Fortis Global Healthcare to acquire 30% stake in Australia’s Dental Corporation for about Rs4.5bn. (ET)
±  Oil Ministry says the delay in deciding on Vedanta’s acquisition of Cairn India will not have any impact on the 9th round of NELP. (BS)
±  NTPC keen to get LNG from Qatar by FY12. (BS)
±  Tata Power signs deal for solar project in Gujarat. (BL)
±  Spanco gets Rs850mn project from Goa power utility. (BL)

A2Z Maintenance shares will list today.

A2Z at 352.50 about 5-7% below listing, 
POOR LISTING, no magic for Rakesh Junjunwala

Market Commentary ..

Key indices are set to open a tad higher, supported by positive finish in the US and Europe. Crude oil has crossed $90, which again is not making life any easier for the policymakers. Copper prices are also near record highs after appreciating ~30% this year.

The political scene is in a state of tumult.  The BJP has upped its ante demanding the Prime Minister’s resignation or a JPC probe. The Finance Minister has offered to hold a special parliament session to break the logjam and discuss the Opposition demand for a JPC to probe the 2G spectrum allocation scandal. Spiraling prices of onions, the Gujjar agitation and Mamata Banerjee threatening to go alone in WB polls are just some of the added worries for the UPA. 

Back to markets, trading volumes have eased off ahead of Christmas and year-end. Overall trend has turned rather lackluster. Asian markets are largely subdued. Japanese markets are shut today. Concerns on the Korean geo-political situation may prevail as Seoul is likely to conduct more military exercises. Most overseas markets will be shut on Friday ahead of Christmas.

Wednesday, December 22, 2010

सेन्सेक्स (20015.04) -45.28 अंक गिरकर, नीफ़्टी (5880.40) -20.25 अंक गिरकर, बंद.

Buy and Hold Tata Motors

 Buy and Hold Tata Motors 
at 1365 with SL of Rs1330 for
target of Rs1415, 1420

BOOK PROFIT on HIGHER LEVELS

INTRADAY
Sell ONGC (1301.00) with s/L Rs 1315 target Rs 1290, 1280

Sector Watch: Metal-Steel, Banking, Sugar, Liquor, & I.T. - Mid Cap Stocks

Buy and Hold....

HDFC (BUY, above Rs700, Target Rs720): The stock has been trading in a narrow band taking structure of ‘Symmetrical Triangle’ which is considered as bullish consolidation, from first week Of December 2010. Yesterday’s close above Rs697 has signaled a breakout from the above mentioned pattern on the line chart. We expect the stalled momentum to reignite in the coming days and stock may head towards target of Rs720. A breakout from inverted Head & Shoulders pattern is also seen on the daily RSI. We advise buying the stock above Rs700 with stop loss of Rs690 for target of Rs720

Corporate Snippets

±  Gas transportation companies such as GAIL and Reliance Gas Transportation Infrastructure Ltd may soon be able to charge a lower rate than that determined by the PNGRB or those earlier approved on a cost-plus basis. (BS)
±  Mahindra & Mahindra introduced its 4X4 off roader the Thar CRDe in India. (ET)
±  The 3,000 MW NTPC power plant at Kaniha, the second largest power plant in the country, has slipped into critical condition with barely one day coal stock at its stockyard. (BS)
±  Tata Motors is developing special variants of the Nano for the European and US markets, which will be launched in 2011 and 2012, respectively. (BS)
±  BHEL is mulling a partnership with Japanese automaker Toyota to make electric vehicles in India. (BL)
±  Tata Group has forayed into marketing essential commodities like pulses under its brand. The group’s agro-chemical arms Tata Chemicals and Rallis India will procure pulses from farmers and sell it in the local market. (ET)
±  Bombay High Court said it cannot decide on Lavasa Corporation’s writ petition against the ministry of environment and forest’s stop-work order in isolation, and all litigation against the company’s proposed hill station township project near Pune needed to be clubbed together. (ET)
±  Jain Irrigation will grow its presence in contract farming and food processing apart from expanding in drip irrigation for which the company has charted out a Rs3.5bn capital expenditure plan. (BL)

Market Commentary ..

There’s no real jingle on the street as yet but looks like world markets are in no mood to spoil their Christmas party. But Peace on earth remains a distant hope with terror alerts just being issued in cities like Mumbai and Ahmedabad.

Globally, the ‘ifs’ and ‘buts’ seem to be temporarily set aside; the European markets have shown pretty good resilience lately despite a spate of recent downgrades for the debt-strapped eurozone nations. Meanwhile, the US markets have been steadily pulling away amid signs of improvement in the economic landscape. Watch out for today’s revised Q3 GDP data.

In Asia, the Chinese market has recovered as the central bank has postponed a rate hike. Most Asian markets are up again today. Given this backdrop, we expect a higher start for India. With the Nifty crossing 6000, market participants are pondering whether it can sustain above this level for long. While the near term outlook is positive, immediate resistance is seen at around 6050. Traded volumes have tapered off and FII inflows have also slowed, which means sudden wild swings on low volumes could be expected.

Tuesday, December 21, 2010

सेन्सेक्स (20060.32) +171.44 अंक चढ्कर, नीफ़्टी (6000.65) +53.60 अंक चढ्कर, बंद..

Buy HERO HONDA

INTRADAY SELL;

ONGC

Sector Watch: I.T., Pharma & Steel

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Markets to open flattish to positive
Keep stock specific approach
Mid-Small cap Stocks may in focus

± Advance tax payments by India’s top 100 corporate taxpayers rose 18.7% yoy in December. (ET)

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± Tata Steel is in negotiations to dispose off its South African plant and assets to raise upwards of US$150mn in cash. (ET)

Market Commentary ..

We expect a higher start and a better day in office for the bulls today even as a few external irritants remain. Lack of buying from the big institutions has led to a drop on the volume front. Price erosion appears to have been done with on most counters though one cannot really expect some Hero Honda kind of run in large counters.

Easing tensions between the two Koreas coupled with strength in the US market will likely perk up the mood in India. European stocks too managed to post modest gains despite persistent concerns over sovereign debt issues. Asian markets are mostly up this morning with the Kospi pacing the advance.

The key indices will likely remain choppy and rangebound in the near term. The Nifty is likely to remain in a range of 5750-6050. Support is expected to kick in at around 5860 while resistance is likely at around 6040.

The dollar has inched higher while the euro remains subdued. Crude oil is hovering around the $90 per barrel mark. Gold and other commodities are firm as well.

FO..............

Buy Cipla Dec Future in range of Rs367.5 -369.5 for the target price of Rs377.5 with a stop loss placed at Rs 362.5.
Lot size: 1000
Remarks: Net maximum profit of Rs10,000 and net maximum loss of Rs5,000.

Buy and Hold....

Colgate Palmolive (BUY, between Rs861-Rs865, Target Rs910): Colgate Palmolive on the daily chart has signaled breakout from the symmetrical triangle with expansion in the volumes. The breakout was accompanied with positive crossover in the RSI with prices crossing above the short term moving average at Rs867. However, we believe there would be pullback attempt to test solidity of support at Rs860 which should also become decent entry point. As prices currently hovering in the middle of Bollinger band, immediate target can be placed at Rs910 which is upper Bollinger band. The stochastic also is yet to enter any overbought position which suffice better risk reward ratio from the current levels. We advise buying the stock in the range of Rs861-865 with stop loss of Rs845 for target of Rs910.  

Corporate Snippets

±  Reliance Industries plans to shut its fluid catalytic cracker (FCC) of about 200,000 barrels per day (bpd) at its older refinery at Jamnagar at the end of January. (ET)
±  Reliance Industries' prolific D-1 and D-3 gas fields off the East Coast, which have seen a 15% drop in production in recent times, are likely to touch a peak output of 80mn standard cubic metres per day in 2012-13. (ET)
±  Tata Chemicals is set to acquire British Salt, a soda ash raw material maker in the UK, for £93mn (Rs6.6bn). (BS)
±  Coal India (CIL) has signed a MoU with the Shipping Corporation of India (SCI) to create a JV to provide end-to-end logistics solutions for bringing internationally-produced coal into the country. (BS)
±  The Munjal family, promoters of the Hero Group, is likely to have over 50% stake in a special purpose vehicle to hold Honda's 26% share in Hero Honda, following termination of the joint venture. (BS)
±  Glenmark has received approval from US health regulator for its generic Felodipine tablets, an anti-hypertensive drug, in the American market. (ET)
±  Union Bank of India has raised its benchmark prime lending rate by 50bps to 13.25%. It has also raised retail term deposit rates across various maturities by 75-100bps and interest rate on one-year deposits to 8%. (ET)
±  Reliance Infrastructure has enhanced the capacity of its existing network by adding about 300 sub-stations and 450 kilometres of cable network to its Mumbai distribution. (ET)

Monday, December 20, 2010

सेन्सेक्स (19888.88) +24.03 अंक चढ्कर, नीफ़्टी (5947.05) -1.70 अंक गिरकर, बंद.

Fantastic performance of our today's recommendation . . .

our friday call ................................bang bang ...bang..

Buy ICICI bank (1105.75) with s/L Rs 1100 target Rs 1115, 1120
Buy Tata motors (1347) with s/L Rs 1240 target Rs 1355, 1365
Buy SAIL (188.25) s/L 187 target 190, 191
Buy Navneet (60.75) with s/L 59 tgt 62, 63
Buy Hero Honda (1681.70) with s/L 1675 tgt 1700

SAIL: Our Morning call bang on target, book profit at 191

SAIL revised target 204 ++

BOOK PROFIT IN SELL NIFTY AT 5901

target achieved

Buy SAIL (188.25) s/L 187 target 190, 191

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Sector Watch:

Sector Watch: Banking, I.T., Steel & Sugar
Sector Avoid: OMC,

± Videocon plans to sell stake in energy business. (ET)

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± Food inflation rose for the fourth week to 9.46% in the week ended December 4. (ET)

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Buy on dips ..

TATA STEEL

Hold / Buy on dips

Cipla (BUY, above Rs360, Target Rs373): Cipla on the daily after being breakout from long term inverted head and shoulder pattern has been consolidating in a minor ‘symmetrical triangle’ for more than a week. The volumes have been shrinking as prices move towards the apex of the pattern. However as triangles are considered as a continuation pattern, the existing trend is likely to get continued after the breakout, which in this case remains up. The stock has also managed to close above its 10-DMA on Thursday’s trading session which is likely to ignite positive momentum in the near term. We advise buying the stock above Rs360 with stop loss of Rs353.

Market Commentary ..

With hardly any effort from the bulls to shore up sentiment, today’s start is likely to be flat to steady. Things could get better later on provided the external situation improves.

The eurozone debt issues coupled with the geo-political tension on the Korean peninsula could cloud the local sentiment. FIIs have taken some money off the table and may remain on the sidelines for a while.

It has been rather volatile of late as far as the Indian market is concerned and the trend might not change much for the remainder of December. While the Indian market has struggled post Diwali, the overseas markets seem to have held on well. Wall Street is currently at a two-year high. Even the European markets have gained this month, notwithstanding the sovereign debt problems. The much-dreaded rate hike from China hasn’t materialised either.  Back home, the RBI has taken the much expected pause in rate tightening while announcing measures to ease the cash crunch. Advance tax numbers have raised hope of a strong Q3. Inflation seems to have softened but still remains a threat. The EGoM this week on diesel and LPG prices will be an important event to watch out for.

INTRADAY SELL;

Nifty Dec Fut at 5940 sl 5977 target 5901

Corporate Snippets

±  Tata Steel is in negotiations to dispose off its South African plant and assets to raise upwards of US$150mn in cash. (ET)
±  ONGC approves stock split and a bonus share issue. (BS)
±  NMDC’s proposed JV with Russia’s Severstal will give the latter direct access to the Indian steel market while also diversifying the local mining company into steelmaking to boost revenues. (ET)
±  TCS bagged an Rs850mn three-year deal for implementing smart card-based Financial Inclusion Solution for Indian Bank. (ET)
±  UK’s drug regulator asks Ranbaxy to recall three batches of Pravastatin, its anti-cholesterol tablets, on failure to update safety warnings in its information leaflets. (BS)
±  Coal India has put in a bid to buy US-based Sydney complex, an arm of Massey Energy, for about US$1bn. (ET)
±  Tata Steel is contemplating the possibility of bidding for Ispat Industries. (ET)
±  Fitch says the asset quality of SBI remains an area of concern due to its high non-performing loans. (ET)
±  MoEF has accused Adani Group’s Mundra Port and Special Economic Zone of destruction of mangroves in Gujarat. (ET)
±  ONGC Videsh hopes to sign an agreement to take a stake in the Trebs and Titov in the Arctic. (ET)

Thursday, December 16, 2010

सेन्सेक्स (19864.85) +217.08 अंक चढ्कर, नीफ़्टी (5948.75) +56.45 अंक चढ्कर, बंद..

BUY ONCG, at 1318 ----------------bonus 1:1 + dividend + stock split

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Buy and Hold...

 Bank India Dec Fut at Rs441 with SL of Rs437 for a target of Rs453

DUE TO TRADING HOLIDAY TOMORROW (FRIDAY) ,BUYING/ SELLING might be seen at EOD.

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Book Profit in BTST TATA STEEL Dec Futs given yesterday

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Book Profit in Long ICICI Dec Futs given

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Fantastic performance of our last recommendation

RELIANCE
REL CAPITAL
DABUR

Sell DLF (278.15) with s/L 282 tgt 270, 268

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INTRADAY SELL;

DLF
ACC
SCI

Punjab & Sind Bank IPO 3rd Day Subscribed 29.77 (average)

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Corporate Snippets

±  Bhushan Steel will purchase coal from Boikarabelo mine of Australia based coal supplier Resource Generation for 20 years. (BL)
±  Sterlite Industries & Hindalco are seeking a 76% increase in treatment and refining fees of copper.(FE)
±  Tata Motors has announced a special finance scheme for its small car, Nano.(BS)
±  Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines in the island-nation.(BL)
±  Vedanta Resources Plc plans to use proceeds from the IPO of its Zambian copper business to part fund its US$9.6bn acquisition of Cairn India.(BS)
±  Lanco Infra to buy Australia based Griffin Coal mining company & Carpenter Mine Management for US$750mn.(ET)
±  SAIL follow on public offer is likely to hit market in mid-january 2011.(ET)
±  The environment ministry has given Jindal Steel 15 more days to file a reply to its show-cause notice.(ET)
±  Ashok Leyland to start a vehicle assembly plant in UAE. (BL)

Morning Call;

Buy Reliance Capital Dec Future in range of Rs640-643 for the target price of Rs660 with a stop loss placed at Rs630.
Lot size: 500 Remarks: Net maximum profit of Rs10,000 and net maximum loss of Rs5,000.

Market Commentary ..

The weather may be getting colder but the political scene remains heated in the wake of the 2G spectrum scam. The CBI continues its raid-spree and reports point to some consternation in the Congress-DMK alliance. The winter session of parliament has been a washout. One has to see what fate now awaits the crucial Budget session.

We see another tepid start on the back of mixed global cues. On Wall Street, the S&P 500 index's six-session winning streak came to an end. The dollar and the Treasury yields gained. European markets fell after Moody’s warned of a possible downgrade of Spain. Asian markets are rather listless.

The important event today will be the RBI’s mid-quarter review. The central bank is widely expected to keep policy rates steady as inflation has moderated. But, it could announce steps to ease the tight liquidity. In summary, the market is likely to remain choppy and rangebound.

Stick to a stock centric and guarded approach for the short-term.

Wednesday, December 15, 2010

सेन्सेक्स (19647.77)-151.42 अंक गिरकर, नीफ़्टी (5892.30) -5892.30 अंक गिरकर, बंद.


INTRADAY CALL,

BUY and HOLD
TATASTEEL
BPCL
HINDALCO
HIDOILEXP
Sector Watch:
Banking, Fertilizers, Oil Marketing Co.,
Mining & Mineral Stocks
Sector Avoid: Auto & Auto Ancillaries
Markets outlook positive
Slight profit booking likely on higher levels
Keep Stock specific approach
A 2 Z Maintenance & Engg.
Services IPO finally 
Subscribed 0.96 (average)
Today Listing
MOIL (BSE Code: 533286)
IPO likely to list between Rs. 500 to 550
Today Re-listing
Shipping Corporation (FPO) (BSE Code: 523598)
New Shares trading to start from today

Pre Market Ideas

MORNING CALL,
BUY and HOLD
HUL at 298
sl 295
TARGET 301,303

Corporate Snippets

±  Reliance Power will finalise loans of Rs50bn with Chinese banks for its 4,000 mw Sasan power project during the visit of the country’s Premier Wen Jiabao on Wednesday. (ET)
±  The board of Power Grid Corporation has approved investing Rs55.4bn on five projects across the country. (BL)
±  NCC Infra, a wholly-owned subsidiary of Nagarjuna Construction, is planning to rope in foreign partners to carry out large road projects worth over Rs100bn this financial year. (ET)
±  Consolidated Construction Consortium has emerged the lowest bidder for constructing the St Thomas Mount Station for the Chennai Metro Rail project. (BL)
±  Punjab National Bank has announced the completion of acquisition of 63.64% stake in JSC Dana Bank of Kazakhstan. (BL)
±  British Telecom on Tuesday completed the sale of 5.5% stake in Tech Mahindra for Rs4.5bn. (ET)
±  The environment ministry refused to lift its “stop-work” order on Lavasa Hill City project. (FE)
±  Eveready Industries has increased the prices of some of its products by up to 9% due to high input cost. (ET)
±  Bajaj Hindusthan signed a MoU with the state government for setting up a 1,980-Mw thermal power plant at Bargarh in Chitrakoot district. (BS)

Tuesday, December 14, 2010

सेन्सेक्स (19799.19) +107.41 अंक चढ्कर, नीफ़्टी (5944.10) +36.45 अंक चढ्कर, बंद..


ALL MORNING CALL BANG ON TARGET

BOOK PROFIT IN 
RELIANCE

BUY - TITAN Dec FO; TARGET ACHIEVED at 3624

BOOK PROFIT
AT 3624

Morning Call; CRAIN at 338

BOOOOOK PROFIT
BANG ON TARGET 
TARGET ACHIEVED AT 336.90

Our Morning call; TATA STEEL 649, upby 2.5%

TATA STEEL
BANG ON TARGET.........................
ALL FO CLIENT MINTS MONEY!!

Buy Nifty Dec 6000 CE at Rs70-72 with a Sl of 59,for a Target of 90.

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Our Gold target achieved in SBI given on Friday

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Derivative strategies

Reliance Capital Dec Future in range of Rs666-668 for the target price of Rs680 with a stop loss placed at Rs659.Lot size: 500,Remarks: Net maximum profit of Rs7,000 and net maximum loss of Rs3,50

INTRADAY CALL,

 BUY and HOLD
 TATATSTEEL
CAIRNINDIA
TITAN
Market rally to continue
But Profit booking is likely later on

Sector Watch: Oil Marketing Co., Auto, Aviation & Banking

Pre Market Ideas

NORTHPOLE CALL
BUY AND HOLD
BPCL AT 674
SL-670 
TGT-681,683

Corporate Snippets

±  Sun Pharma is looking at acquire a US based company valued at US$300mn. (ET)
±  Ashok Leyland has bagged an order for 600 vehicles worth Rs1.25bn from Hubli-based VRL Logistics. (BL)
±  JSW Steel will issue global depository receipts (GDR) worth Rs4.6bn to Japanese steel major JFE Steel Corporation. (BL)
±  The Tamil Nadu Electricity Board has paid the first instalment of Rs1bn to GMR Infrastructure as part of the Rs4.8bn settlement relating to a power purchase agreement. (BL)
±  Everonn Education Ltd has transferred more than 3.9mn shares to SKIL Infrastructure Ltd to raise ~Rs2bn. (BS)
±  The Supreme Court adjourned hearing of a special leave petition against the Madras High Court order to close down the Sterlite’s copper smelting plant in Tuticorin, Tamil Nadu, on alleged environment pollution to January. (BS)
±  Hindalco will receive a dividend (return of capital) of US$1.7bn from its Canadian subsidiary Novelis Inc which recently announced plans to raise US$4bn through debt. (BL)
±  Rcom become the first telecom operator to launch third-generation (3G) services in the metro cities of Delhi, Mumbai and Kolkata. (BS)
±  Steel Strips Wheels (SSWL) issued and allotted 0.377mn equity shares of Rs10 each to South Korean company GS Global Corp. (BL)
±  GlaxoSmithKline has agreed to buy protein drinks firm Maxinutrition for US$256mn from its private-equity owners to complement its Lucozade sports drinks franchise. (ET)

Monday, December 13, 2010

Book Profit today morning FO call...........SELL BANKNIFTY

Sell GIVEN ON 
BANKNIFTY DEC FUT AT  11494
NOW TRADING AT 11325
BANG ON TARGET

Intraday; Sell Nifty now trading at 5800; book profit

BANG ON TARGET

European market update: FTSE index up 0.3%, DAX index up 0.4%, CAC index up 0.5%

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We Re-initiate Long DLF Dec Futs at Rs286 with SL of Rs281 for a target of Rs296

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Book Profit today morning FO call...........

 Target Achieved in Long Federal Bank Dec Fut 
given today morning to paid clients

Intraday;



Intraday;
Buy TATASTEEL Dec Fut

Sector Watch: Cement, Banking, Pharma & Oil Marketing Co.

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Buy ACC target 1085, 1085







Buy INDIAINFO around 85, HOLD FOR sure shot, 95 & 100 PLUS

Market Commentary ..

The heat was on the bulls last week till the robust IIP numbers came to the rescue. Since then worries seem to have cooled down. In fact, the otherwise warm cities like Mumbai are beginning to feel the chill.

The start today to a truncated trading week is likely to be a positive one. Most Asian markets are trading up. Even the Chinese market has brushed aside concerns about a possible rate hike after inflation surged to a two-year high.

And talking of interest rates, the market will closely follow the policy meetings of the RBI (on Dec 16) and the US Federal Reserve (late tomorrow). Also, the latest monthly inflation figures (Dec 14) will be closely tracked.

While the market could well rebound after last week’s carnage, one should remain on guard, as FIIs have been net sellers in the past few sessions. Stick to Large Caps and “quality” mid-caps and avoid “dodgy” counters even if prices seem attractive. Complacency is the last thing one needs in an uncertain market. Wait for the market to stabilise and stay up for a few sessions before taking a decisive call.

BUY between Rs443-447, Target Rs470

Wipro (BUY between Rs443-447, Target Rs470): Wipro Ltd on the daily chart has signaled  a breakout from inverted head and shoulder pattern on Friday trading session with neckline persisting at Rs442 and spurt in volumes. With MACD about to cross above the reference line and RSI rallying with ease, the momentum in the counter remains extremely strong. However it has been observed in the past that after a breakout, an attempt is retest the neckline, which in this case stands at R443. Expansion in volumes at the time of price increase corroborate uptrend in the counter. We advise buying stock in the range of Rs443-447 with stop loss of Rs437 for target of Rs467.

Corporate Snippets

±  NTPC to soon approach the government for reconsideration of the decision to scrap the power producer's 600MW Loharinag Pala hydro-power project in Uttarakhand. (BS)
±  Hindalco’s US subsidiary, Novelis plans to  refinance its debt by raising US$4bn. (BS)
±  Nuclear Power Corporation is in talks with Coal India on plans to enter the atomic power sector through a joint venture. (BS)
±  HDFC Bank hikes deposit and lending rates by up to 75 basis points. (ET)
±  Bank of Baroda hikes deposit rates by 25-75 basis points across various maturities. (BL)
±  Reliance Infrastructure to have eight toll roads by March that will generate revenues of Rs10bn in fiscal 2012. (BL)
±  ITC to resume cigarette manufacturing only after receiving a `formal notification' from the Government on the pictorial warnings that need to be used on such products. (BL)
±  ONGC expects to ship the first 363 MW turbine built by General Electric for the proposed 726 MW (2x363 MW) gas-based ONGC Tripura Power Company by February. (BL)
±  BHEL is close to wrapping up a JV agreement with Japan's Toshiba Corporation for manufacturing high-end transmission and distribution equipment. (BL)

Friday, December 10, 2010

सेन्सेक्स (19508.89) +266.53 अंक चढ्कर, नीफ़्टी (5857.35) +90.85 अंक चढ्कर, बंद..


Indias IIP for the month of Oct at 10.8%

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Reitrate Buy & hold ITC Ltd at Rs168.5 with stoploss of Rs 165 for Target Rs176

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Buy and Hold....

RELIANCE
DABUR
TATASTEEL
INDIAINFO
SAIL
ICICIBANK
HOLD FOR 30 DAYS 
FOR 20% RETURN

Buy and Hold....

Buy ITC Ltd (Buy above Rs169.5, Target Rs178.5): ITC Ltd has been holding the support of Rs165 quiet well despite weakness in broader markets and managed to close in the green with spurt in volumes. On the upside immediate resistance is seen at levels of Rs169 above which a breakout from the triangle will be confirmed, which should take stock price towards Rs180.Adding to it being a defensive, it provides better diversification and better risk reward ratio at times of highest volatility in the markets. We advocate buying stock above Rs169.5 with stoploss of Rs165 for Target of Rs178.5.
Market to open in RED &
Likely to recover later on

Pre Market Ideas

MORNING CALL 
BUY AND HOLD
INFOSYSTCH at 3158
SL 3140
TARGET 3075 ,3081

Corporate Snippets

±  Dabur launches hair oil in Nepal. (BL)
±  Jindal Power is likely to launch a 70bn IPO by March 2011. (ET)
±  Rallis India, a subsidiary of Tata Chemicals, has acquired a majority stake in Metahelix Life Sciences Ltd. (BL)
±  Corporation Bank has increased the rate of interest on term deposits for six months to less than nine months. (BL)
±  Central Bank has upped interest rates on fixed deposits by up to 175 bps on various maturities. (BL)
±  Bata India bets on larger stores to give it a leg up. (BL)
±  NMDC, Severstal to set up steel plant in Karnataka. (BS)

Thursday, December 9, 2010

सेन्सेक्स (19242.36)-454.12 अंक गिरकर, नीफ़्टी (5766.50) -137.20 अंक गिरकर, बंद.


Markets to Fall further after small bounce back

Sector Watch: OMC, Steel & Oil Exploration

Sector Avoid: Aviation, Banking, Real Estate & Fertilizers
A 2 Z Maintenance & Engg. 
Services IPO 1st day 
Subscribed 0.72 (average)
Rakesh Jhunjhunwala
holds good stake in 
A2Z Maintenance co.
For A 2 Z IPO Analyses 
detailed refer to 
primary market column

Pre Market Ideas

MORNING CALL,
BUY and HOLD
WIPRO at 435
sl 430
Target 441,443

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Wednesday, December 8, 2010

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