Buy IDBI @ 71 & below in staggered manner as under:

25% @ market rates
25% @ 69-70
50% @ 66-68
Markets may top out this week, however most are looking for good buying ideas at these levels.
IDBI is the most suitable slightly longer term candidate as Government looking to sell stake & due diliegence on. 1 year target price could be 95
Accumulate on declines.

We have Sbi 114 @ 212 now 244 Profit for now 4000

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Delivery Call; Buy & Hold Panama Petrochem Ltd

 at & below 67.50,
SL 64.90 WITH target for 77, 88 & 94.90 plus. Hold till 08/2017

Call Northpole to BUY now at 9898160777 | 2523377
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HOLD RBL BANK FOR 1007 PLUS ONE YEAR

RBL BANK :, Buy given at 279 trading strong above 564 hold and buy on dips target 1001 one year. KALPESH 

CALL TO TRADE NORTHPOLE
9898160777 // 2523377


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Sector Update:

FMCG Sector: Gradual recovery in store

FMCG companies have witnessed a challenging year in FY16 with volume growth moderating significantly owing to – a) sluggish rural demand led by low MSP, low rural spending by government and two consecutive weak monsoons & unseasonal rainfall, b) tepid urban recovery, c) pricing headwinds in select categories, and d) weak macros and consumer sentiment.

 

As we have entered into FY17E, we expect a significant improvement in the growth trajectory for companies and value growth to start becoming apparent. We expect gradual recovery in H2FY17 on the back of seventh pay commission, OROP (One Rank and One Pension), the FY17 budget increased spending on rural employment schemes to Rs380bn and higher disposable income on account of normal monsoon, the numbers will improve significantly, for sure. Implementation of GST is also expected to have a wide-ranging positive impact.

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JAY AMBE - LETS START

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Buy on dips... best buying opportunity

"The watch-out level of the week is placed at 8270, stands convincingly violated, without much effort. The next support in order is at 8100-8080, which corresponds to the closing low of May 2015," GEPL Capital said in a report. 

"Upside resistance overhangs are established now at 8270, 8333 (200 DMA simple), 8422 (50 simple DMA) & 8550(100 simple DMA)," he adds. 

Here is a list of twelve stocks which are likely to remain in focus today: 

State Bank of India:  State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it will cut its base lending rate by 15 basis points to 9.7 per cent, effective June 8. 

Power Grid Ltd: State-run transmission utility Power Grid Corporation (PGCIL) is planning to invest Rs 22,500 crore this fiscal to fuel its expansion plans. 

RIL:  Reliance Industries will produce 23 million standard cubic meters per day of more gas from five discoveries in the flagging KG-D6 block by 2016-17, the Oil Ministry said in its latest annual report. 

Allahabad Bank: First off the blocks, state-owned  Allahabad Bank cut its base rate or minimum lending rate by 0.3 per cent within hours of RBI lowering key policy rate for the third time this year. 

Nestle Ltd: The Delhi government has decided to initiate a case against the company for selling an unsafe product and impose a financial penalty for "misbranding". 

Apollo Hospitals Ltd: Healthcare major  Apollo Hospitals Enterprise has acquired 51 percent stake in Assam Hospitals to strengthen its presence in the north-eastern region. 

South Indian Bank: South Indian Bank has informed that the Board of Directors of the Bank at its meeting has decided the to augment Tier I capital by way of increasing the paid-up capital of the Bank by issue of equity shares not exceeding Rs.20 crores in nominal value. 

Punjab & Sind Bank: The bank has reduced its 'Base Rate' by 25 bps from existing 10.25% p.a. to 10.00% p.a. as well as, reduced 'Benchmark Prime Lending Rate' (BPLR) by 25 bps from existing 15.25% p.a. to 15.00% p.a. effective from 03 June 2015. 

Oberoi Realty Ltd: The company on Monday said its board has passed an enabling resolution for raising up to Rs 2,250 crore by issuing debentures and equity shares through public offer and private placement. 

Essar Ports Ltd: The company said a strategic pact between the company and Port of Antwerp International has been mutually terminated. 

Emami Ltd: Mid-tier FMCG firm Emami Ltd on Tuesday acquired the 'Kesh King' brand of hair and scalp care products from SBS Biotech for Rs 1,651 crore, one of the largest deals in the segment in recent times, after the seller agreed to lower the original asking price. 

Balmer Lawrie Ltd: Diversified public sector enterprise Balmer Lawrie is planning to expand its distribution network and double its market share over the next five years, a senior official of the company said. 

Buy & hold... sure shot

NORTHPOLE SMS Alerts !!Get daily market updates and stock ideas on your mobile through SMS (5 messages per day). Real Time Trading Tips (Inclusive Intra-day, Delivery,Future & Option Tips) Investment Ideas. Market Sensitive News. Global Market Updates (US, Asian, European), Crude Oil price. Support & Resistance Level for Nifty (Pre-market) Current level of NIFTY & SENSEX. Latest Company Results. Plan Amount 3 Months Rs. 6,000 6 Months Rs. 9,000 12 Months Rs. 12,000 Plans above has a free trial for 3 days. - See more at: http://www.indiainfoline.com/productsandservices/sms/#sthash.rgXHh8Kp.dpuf

Get daily market updates and stock ideas on your mobile through SMS (5 messages per day).

• Real Time Trading Tips (Inclusive Intra-day, Delivery,Future & Option Tips)
• Investment Ideas.
• Market Sensitive News.
• Global Market Updates (US, Asian, European), Crude Oil price.
• Support & Resistance Level for Nifty (Pre-market)
• Current level of NIFTY & SENSEX.
• Latest Company Results.

Plan	Amount
3 Months	Rs. 6,000
6 Months	Rs. 9,000
12 Months	Rs. 12,000

Plans above has a free trial for 3 days.

- See more at: http://www.indiainfoline.com/productsandservices/sms/#sthash.rgXHh8Kp.dpuf

Get daily market updates and stock ideas on your mobile through SMS (5 messages per day).

• Real Time Trading Tips (Inclusive Intra-day, Delivery,Future & Option Tips)
• Investment Ideas.
• Market Sensitive News.
• Global Market Updates (US, Asian, European), Crude Oil price.
• Support & Resistance Level for Nifty (Pre-market)
• Current level of NIFTY & SENSEX.
• Latest Company Results.

Plan	Amount
3 Months	Rs. 6,000
6 Months	Rs. 9,000
12 Months	Rs. 12,000

Plans above has a free trial for 3 days.

- See more at: http://www.indiainfoline.com/productsandservices/sms/#sthash.rgXHh8Kp.dpuf

Get daily market updates and stock ideas on your mobile through SMS (5 messages per day).

• Real Time Trading Tips (Inclusive Intra-day, Delivery,Future & Option Tips)
• Investment Ideas.
• Market Sensitive News.
• Global Market Updates (US, Asian, European), Crude Oil price.
• Support & Resistance Level for Nifty (Pre-market)
• Current level of NIFTY & SENSEX.
• Latest Company Results.

Plan	Amount
3 Months	Rs. 6,000
6 Months	Rs. 9,000
12 Months	Rs. 12,000

Plans above has a free trial for 3 days.

- See more at: http://www.indiainfoline.com/productsandservices/sms/#sthash.rgXHh8Kp.dpuf

Markets on the move

Markets on the move

Markets on the move

OPEN NEW ACCOUNT AND GET GIFT - LIMITED PERIOD OFFER!!!

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aking community...Today!"

Buy and Hold GHCL at 74 and below, sure shot - target of 80,85,95& 101 plus in 365 days

Buy and Hold GHCL at 74 and below, 

sure shot - target of 80,85,

95& 

101 plus 

in 365 days

 

 

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Buy & Hold Delivery call 90days...

Gujarat State Petronet Ltd.\Buy & Hold Delivery call 90days... at 84.90

TARGET 94.90 & 104.90 PLUS

Trading Strategy TRADE

Hexaware (BUY, above Rs156, Target Rs164, SL Rs152): Hexaware on the daily chart gave a breakout from descending trendline as price closed above Rs152 with rise in volumes. After consolidating for almost three months, stock has signaled breakout from descending triangle. This corroborate strength and sustainability from here on and stock is expected to test its April peak placed at Rs172 in the medium Term. Similar breakout has also been confirmed in the RSI oscillator with a positive crossover. (Duration 5 days)

Buy FUT Auropharma Aug above 806.10 today

Buy FUT Auropharma Aug above806- 810

 for the target price of Rs840.

 with a stop loss placed at Rs790. 

| Lot size: 500 | 

Remarks: Net maximum profit of Rs15,000 

and net maximum loss of Rs10,000.

Our buy and hold ROLTA trading strong at 109 hold for next target 115 &plus

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Buy and hold - DELIVERY CALL,

MODI 2015 DREAM RUN STOCKS...

	DREAM MODI RUN 2015 BY KP	24.05.2014	TGT
1	Electrosteel Castings Ltd.	29.2	70
2	Sintex Industries Ltd.	84.5	175-190
3	Swiss Glasscoat Equipments Ltd.	54.45	150
4	Rolta India Ltd.	90.4	120-275-550
5	Sutlej Textiles & Industries Ltd.	306.05	1000
6	Mangalam Cement Ltd.	178	250
7	International Combustion (India) Ltd	215	440-450
8	Indian Hume Pipe Company Ltd.	178	250-750
9	Gujarat State Ferti & Chem Ltd. - GSFC	75	130-150
10	Gujarat Alkalies & Chemicals Ltd.	225	250
11	IRB Infrastructure Developers Ltd. -IRB	190	250
12	MRF Ltd.	23160	35000

IPO :JUST DIAL Ltd.

Derivative strategies (Time period: Till expiry)

 Long Tata Steel June 340 CE above Rs6 for the Target price of Rs12 
with a Stop loss placed at Rs3.

Lot size: 1000
                                                                                                

Remarks: Net maximum profit of Rs6,000 and net maximum loss of Rs3,000.

Results Preview:

Sun Pharma Rev Rs28bn (+20% yoy), PAT Rs8.6bn (5.6% yoy); Power Grid Rev Rs35.5bn (+14.5% yoy), PAT Rs11.3bn (10.2% yoy); GAIL Rev Rs125bn (19.2% yoy), PAT Rs10.6bn (119.1% yoy)

Buy and Hold ESSARIOL | JACK POT CALL

BUY AND HOLD 
WITH SL 79.90  
FOR TARGET OF 
114.90,120 
&124.90 ++

EXAMPLE: HOW TO EARN RS.10000 /-

BUY ESSAROIL around 94.50

 500 shares x 94.50=47250 total investment

sell target at Rs120 

profit of Rs.25.50/share x 500 shares

= TOTAL PROFIT IS 12750/-

don;t miss it buy today

stricly delivery call with sl

ENJOY, kp-calls     

Buy & hold IVRCL INFRA (31.10)
target 42.40,43.90 & 44 ++

hold sure shot...kp

JANUARY 2013 PICK - BY KP

Buy & hold Tata motors (323.25) 

with stop loss Rs 319 

target Rs 324, 331++

 

Buy & hold Chambal fret (70.80) 

with stop loss Rs 69 

targets 71.50, 72.20++

Buy & hold FACT (31.95) 

with stop loss Rs 30.50 

target Rs 32, 33.50++

REL INFRA Bang on target, BOOK PROFIT

TARGET ACHIEVED AT  546+++

BOOK PROFIT

Buy & Hold Reliance Infra for 30 days

Buy, above Rs524, Target Rs546, SL Rs513: In yesterday’s session, the stock surpassed the resistance line of Rs521 on the daily chart drawn from peak of second week of October 2012 and has sustained above it. The above level also coincides with its 200-DMA. In October, on three occasions, the stock had failed to cross over this critical moving average. The daily RSI has been quiet encouraging and is expected to improve from hereon as the stock continues to make higher top and higher bottom. (Duration 25 days).

Market Commentary | Shrinking hopes!

The resurgence seen in industrial production has not really cheered the market. Some argue it’s more of a statistical delight given the low base effect. With retail inflation spiking, investors are worried that the RBI may choose to delay the much sought rate cuts.

The indices are set to open flat to positive. Asian markets are trading higher after Japanese exporters are clocking gains on the bourses. The Yen is down to an 8-month low against the dollar. US indices ended flat as investors sought more concrete action from the Fed. The US Federal Reserve announced a stimulus plan to boost the country’s economy. Fed taking sides with American jobless ruled to keep the interest rates between 0 and 0.25% until the unemployment fells to 6.5%.

The BSE is set to launch the first it SME Index tomorrow. Infosys announced that its ADS have started trading on the NYSE under the ticker symbol ‘INFY’. The company is in the process of listing its ADS on the Paris and London exchanges of NYSE Euronext.

Buy and Hold FEDRAL BANK

HOLD FOR TARGET OF 524.90

LONG TERM TARGET 600++

30 Days Delivery Call | COXKING AT 143

BUY AND HOLD

COXKING at CMP 143.90
hold for target 153.90+
29days call

Tech Mahindra above Rs879.90, Target Rs909.90 +

Buy and Hold Tech Mahindra above Rs879.90, Target Rs909.90 +, SL Rs864: The stock has created a strong base around Rs864 in last few trading sessions. The above level coincides with 100-DMA, suggesting strength in the counter. Infact, the same moving average has been holding up since May 2012. Any pullback to retest the support point (100-DMA) should be viewed as a buying opportunity with a better risk reward ratio. (Duration 7 days)

UNION BANK OF INDIA TRADING AT 260

BANG ON TARGET

Sector Watch / Avoid

Sector Watch: 

Retail, Textiles, Fertilizer, 

Infra, Packaged Food  

# # # 

Sector Avoid:

 I.T., Auto

 | | |

Tara Jewels IPO Listed Today;

BSE Code: 534756 ; 

NSE Symbol : TARAJEWELS

IPO Grey Market IN ACTION

In Grey Market CARE IPO Premium

Jumped to 170/180 from 130/135

P.C. Jewels Jumped to 25/26 from 13/14

Bharti Infratel down to 3/4 from 9/10

Tara Jewels IPO Listing Today

(1) REC Tax Free Bonds Open & Closes on 10^th Dec

(2) CARE IPO Opens on 7^th Dec & Closes on 11^th Dec

(3) PC Jeweller Ltd IPO Opens on 10^th Dec & Closes on 12^th Dec

(4) Bharti Infratel IPO Opens on 11^th Dec. & Closes on 14^th Dec.

BANG ON TARGET - ACHIEVED AT 254

Union Bank of India

BANG ON TARGET

 

BOOK PROFIT,

WAIT FOR ANOTHER CALL...

OUR PMS PICK : Buy Union Bank

Buy Union Bank of India

around Rs 229.90 & below;

target Rs 244.90-254.90 ++

 

jackpot call, buy it!!! 

BUY ON DIPS HOLD FOR TARGET, SURE SHOT

Nov 23, 17:00

226.95

-4.25 (-1.84%)

VOLUME 1,454,324
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JACKPOT CALL, trading strong!!!

Buy and Hold DABUR at 94

target 99, 104,107 & 114

CALL GIVEN AT 1.02.2012, TRADING STRONG

BUY ON DIPS HOLD FOR TARGET, SURE SHOT

Dear All,

As per government norms regarding SMS service we are unable to send SMS on time and face lot of problem, as you know in business timing is key factor, we are unwillingly stopping our service for some time, we are in research to reach you [for the first time we have to research to other subject then stock market ] and reschedule our service earliest. Mean time you can visit our site and get free calls and commentary. Post will be made in random meaner.Till then stay tuned and happy trading.

Hope you understand the issue and co-operate.
Thank you for kind support.

Team NORTHPOLE

Bank of Baroda (SELL, between Rs700-703, Target Rs672): Bank of Baroda on the daily has violated trend line support of Rs690 and which also reinforces that Wave 5 of Five is in the last stage of progress which should atleast test levels of Rs650 before any signs of recovery. The MACD has been sustaining below the reference line and its 9DMA is about to test the neutral zone. Also despite gains in market stock has underperformed markets which also make case for further downside. We recommend going short on Bank of Baroda December Futures below Rs688 with stop loss of Rs714 for Target of Rs672. (Duration 5 days)

Tata Power (SELL, below Rs93.50, Target Rs89.50): Tata Power has broken down below the lower trendline of a trading channel which also coincides with lower Bollinger Band support, which suggest that the likelihood of upside over the short-term has diminished. For now, the risk/return of establishing long positions is less than ideal. Tata Power in last few trading sessions, had twice bounced back from the above mentioned support levels and in yesterday’s session it closed below it. Moreover, appearance of falling tops signifies the bulls inability to form higher highs. Based on above mentioned technical evidences, we recommend traders to short Tata Power December Futures below Rs93.50 with stop loss of Rs95.50 for target of Rs89.50.

Market Commentary for 23.11.11

The cheerful skies are seeing a colour change. After a small breather, world equity markets have resumed their descent.  A downward revision in US’ Q3 GDP is adding to the already bleak backdrop. But, the US indices didn’t witness sharp cuts. They were down marginally. European benchmarks also closed in the red following a spike in Spanish and Belgian bond yields. Meanwhile, the Fed has announced a new set of stress tests for US lenders. Minutes of the last FOMC meeting show that the central bank is mulling inflation targets.

The opening will be lower. Asian stocks are mostly down, although the Chinese market is showing some resilience ahead of provisional manufacturing PMI data. Japanese markets are shut for a holiday.

For India, the big worry right now is the relentless slide in the Rupee. This has increased the headache for policymakers who have their hands full with a whole host of problems. The first day of the winter session hasn’t inspired much confidence either. Hopefully, things will improve on this front. SKS Microfinance will be in focus amid reports of top-level reshuffle.

Market Commentary 18.11.11

After a stellar show last year, the Indian economy has hit a rough patch amid mounting concerns about the euro area debt crisis and anemic US growth. The weakened macro-economic fundamentals are reflecting in the large twin deficits, which in turn are hurting the rupee. A depreciating rupee is bad news.

The recent sharp selling in stocks can be partly attributed to rupee’s fall. It may hit new lows shortly. The RBI says it is risky to try and prop up the currency.

In short, there is more pain ahead. The start is again going to be lower, as world equities continue to slide. Rising borrowing costs for the debt-stricken eurozone nations is unnerving global investors. US markets closed down while the VIX was up 3%. European benchmarks too dropped. Asian indices are mostly in the red.

There may be some recovery but don’t expect any sustained rebound given the severity of the headwinds. A weekly closing below 4980 will sour the mood further. Next major support is placed at 4700. Retail stocks will be in action amid reports that the Cabinet will consider FDI in multi-brand retail. 

Buy and Hold - GOLD CALL

Buy and Hold - GOLD CALL

Buy Mah and Mah around 777-788

hold for target 800, 824.90 ++

Market Commentary for 14.11.11

For some time now, global developments have been changing by the minute. Thankfully, Friday’s steep fall is likely to be reversed (at least in early trade) as global tidings are mostly encouraging. Italy has named a new premier while its parliament has passed tough austerity measures to control the debt crisis. Lucas Papademos took office on Friday as the new Prime Minister of Greece to save the debt-strapped nation from bankruptcy. Japan's economy has returned to growth after three quarters of contraction.

Asian markets are up and about. US shares rallied on Friday as did their European counterparts. So, the opening is set to be pretty good. The question is whether the early gains will be sustained amid a spate of domestic macro-economic issues.

With the dismal IIP report for September still fresh in memory, investors will have to contend with inflation data for October. Lots of earnings will be released in the next couple of days.

Retail stocks may gain amid report of a Cabinet note on allowing FDI in multi-industrial production (IIP) and inflation numbers.

Exit KFA, sell on every rise

±      About 100 pilots have quit Kingfisher Airlines in the last four months. (BS)

NOW YOUR TURN TO EXIT.

Result Update: Hindalco Industries (Q2 FY12) – BUY

CMP Rs127-130, Target Rs155,165 + Upside 37.5%

 

Buy SBI on dips, target 1877 & 1904 ++

BEST pick in dips

Market Commentary for 11.11.11

The Indian market was spared a rollercoaster ride on account of the holiday. There may be some adjustments to make especially during the initial hour. In case you missed it the main US indices had plunged ~3% on Wednesday after the yield on 10-year Italian bonds rose to its highest levels of 7.48%. The good news is that overnight the Dow Jones ended 113 points higher while S&P added 11 points and Nasdaq closed in the green.

To add to the global confusions, Standard and Poor's said that it had mistakenly announced to some of its clients that it had downgraded France's top "AAA" credit rating, due to a technical error.

Meanwhile, it’s a tale of two ratings for the banking sector in India. Standard & Poor’s has upgraded India’s banking industry on Thursday even as Moody’s downgraded Indian banks to negative from stable, citing profitability, asset quality and capital concerns.

Besides the morning fluctuations, the Indian market will be driven mostly by the factory output, as measured by the index of industrial production (IIP) and inflation numbers.

Manappuram Finance (BUY, above Rs62.50, Target Rs66.50): On the daily chart, the stock has given an upside breakout, considered to be an important bullish signal. The stock is poised for further gains in the next few trading sessions. The undertone is reasonably strong and is likely to push price higher. After breaking above its 200-DMA last week, the stock has made higher tops. The upside breakout is well accompanied with impressive volumes. The stock recorded three-fold delivery volumes, exceeding its 5-day average. Based on above mentioned technical evidences, we recommend traders to buy the stock above Rs62.50 with stop loss of Rs60.50 for target of Rs66.50. (Duration 4 days)

Reliance Media (BUY, between 92-92.5, Target Rs100): Reliance Media  has been showing resilience in last 3-4 weeks with trough of Rs84 holding firmly despite volatile markets. Such a higher bottom formation thus result into a bullish pattern of double bottom which implies that downside risk for the counter is almost over. The RSI on weekly chart is taking shape of inverted head and shoulder in the oversold terrain which reinforces bullish trend in the counter. We recommend buying Reliance Media in the range of Rs92-92.5 with stop loss of Rs89 for Target of Rs100. (Duration 7 days)

Market Commentary for 09.11.11

A flat start awaits the Indian stock market as investors begin to digest the effects or after effects of the global developments. Italian Prime Minister Silvio Berlusconi has resigned to the fact that his stepping down after the adoption of key reforms would boost the image of Italy. Greece is weighing all options or rather finding all avenues to get emergency funds to avert bankruptcy; Prime Minister George Papandreou had announced he will step down.

With a host of results being announced today stock-specific activity will be seen. The inflation and IIP data is also awaited this week. Investors may adopt a cautious approach given the fact that markets are closed tomorrow.

The global markets are more or less positive. Japan’s Nikkei Stock is up almost a percent. South Korea’s Kospi is also up. US indices staged a rally ending nearly at the day’s high.

India's merchandise exports fell to a 12-month low of US$19.9bn in October triggering the trade deficit to rise to a four-year-high of US$19.6 bn in the month. The Centre’s indirect tax revenue dropped 2.5 % to Rs 302.78bn in October.

BTST; M&M Nov Future at 836.10

Buy and Hold; 
M&M Nov Future at 836.10
for TARGET ON TUESDAY 
847.90, 851 ++
SURE SHOT

Axis Bank (BUY, above Rs1,117, Target Rs1,145): Axis Bank is currently trading near support of 50 DMA, which most of the time turns out to be trend reversal when stock is into uptrend. The correction from the intermediate peak of Rs1194 has so far unfolded into a zig zag corrective form which confirms that stock is into a medium term uptrend. On the medium term chart stock is in process of forming right shoulder of inverted H&S which is a bullish pattern with RSI sustaining above 50 mark. We recommend buying Axis Bank Ltd above Rs1,117 with stop loss of Rs1,103 for Target of Rs1,145. (Duration 4 days)

Maret Commentary for 04, Nov 2011

The market will hope nothing goes wrong soon. For now, world markets are breathing little easy now that Greek’s PM has shelved the controversial plebiscite on the EU bailout. However, George Papandreou may still be in trouble as he braces for Friday’s confidence vote in parliament.

Indian indices will rise at start following the relief rally across global equities. But, the undertone may remain edgy over the ongoing political instability in Greece. Reports also suggest that Italian premier is under pressure to resign.

G20 leaders have urged eurozone counterparts to stabilise Greece and fix the two-year-old debt crisis. Leading nations have also agreed to boost the IMF war chest to deal with potential emergency. Meanwhile, the ECB has cut interest rates by 25 bps amid looming eurozone recession and turmoil in Greece. Italian bond yields softened post the ECB move after having jumped to euro area record. The G20 summit and US jobs data are among the crucial overseas events to keep on one’s radar. Back home, inflation continues to be in focus with food inflation jumping to nine-month peak. Petrol prices have been hiked by nearly Rs 2 per litre. Services PMI shrunk for the third successive month.

Sector Watch: 
Oil Marketing Co., Power & FMCG 

Sector Avoid: 
Metal, Infra, Banking, Realty, I.T., Auto & Capital Goods

Today Listing:

Indo Thai Securities 

 (BSE Code: 533676)

Cipla (SELL, below Rs290, Target Rs277):

On the daily chart, Cipla reversed from the resistance line which coincides with its Upper Bollinger Band, suggesting that the likelihood of further upside over the short-term has diminished. For now, the risk/return of establishing long positions is less than ideal. Yesterday, the stock declined with impressive volumes. Selling pressure could intensify in the counter below the levels of Rs288. The daily RSI has given a negative crossover which could provide immediate trigger for down fall. We advise going short on Cipla November Futures below Rs290 with stop loss of Rs295 for target of 277 (Duration 5 days)

Market Commentary for 2.1.2011

Just when world markets were beginning to settle down comes another jolt from abroad. And no prices for guessing where the latest shocker has come from - Greece. The prime minister of the debt-stricken eurozone nation has stunned everyone by calling for a referendum on the EU bailout deal.

The surprise announcement has only added to the doubts over the fate of the grand plan to tame the debt crisis. The fresh turmoil in the financial markets comes ahead of the two-day G20 summit in France later this week.

In another startling move, the Greek PM has replaced the top brass in Army, Navy and Air Force. For the day, attention will partly shift to the FOMC meet and remarks made by Fed chairman Ben Bernanke.

The ECB will take a call on whether to cut rates or not on Thursday while US monthly jobs report will in focus on Friday.

The start today will be down on the back of a worldwide selloff in equities. There could be some recovery later in the session if global cues improve. But, given the heightened uncertainty and volatility, it would be prudent to tread cautiously.

Buy and Hold M&M AT 839

Target : 880

Target Time Frame : 3 days

Fresh Entry : Yes

Stop Loss :834.90

Result Update: Hindustan Unilever (Q2 FY12) – Market Performer

CMP Rs375, Target Rs358, Downside 4.4%

Result Update: BPCL (Q2 FY12) – Market Performer

CMP Rs623, Target Rs650, Upside 4.3%

Result Update: Wipro Ltd (Q2 FY12) – Market Performer

CMP Rs366, Target Rs402, Upside 9.7%

Result Update: ICICI Bank (Q2 FY12) – BUY

CMP Rs931, Target Rs1,200, Upside 29%

BPCL (SELL, below Rs625, Target Rs600):

 BPCL has broken down below the critical support of its 200-DMA which was placed at levels of Rs633, which suggest that the likelihood of upside over the short-term has diminished. For now, the risk/return of establishing long positions is less than ideal. BPCL in last one month, has on five occasions bounced back from the above mentioned support levels and in yesterday’s session it closed below it. Moreover, appearance of falling tops signifies the bulls inability to form higher highs. Based on above mentioned technical evidences, we recommend traders to short BPCL November Futures below Rs625 with stop loss of Rs635 for target of Rs600. (Duration 5 days)

Market Commentary for 01 Nov 2011

The October heat didn’t have much of an impact on the stock markets, as progress on the grand plan to check the eurozone fiscal mess lifted the pall of gloom.

However, investors could be staring at a nervous start to November on the back of a sharp fall in the US and European indices. Barring china, most Asian markets are also in the red. The initial euphoria over last week's euro-zone deal seems to have faded amid lack of details on how to rein in the debt crisis. Spanish and Italian bonds have tumbled, forcing the ECB to buy their debt.

The yen slid against the US dollar after Japanese authorities intervened in the forex markets again. Gold and silver futures dropped. Crude oil too declined. The latest manufacturing PMI survey shows slower growth in China. German retail sales came in weaker-than-expected while the Spanish economy stalled in Q3 over Q2.

Back home too the bad news continues, with the core sector growth dipping to a 31-month low. Concerns are also mounting over the ballooning fiscal deficit. But results have not been too bad and FII flows have turned positive again. The intermediate up-trend could pick up if the Nifty sustains above 5400. The previous resistance of 5200 will now turn into a strong support.

Delivery Call; Buy and Hold TATA STEEL at 483.90

Delivery Call; 

Buy and Hold 

TATA STEEL at 483.90

Target : 508.75

Target Time Frame : 8 days

Stop Loss : 470.6

BOOK PROFIT in RIL and TATAMOTOR

Our Diwali Mahurat 

stock IN PLUS

BOOK PROFIT

Pantaloon Retail (BUY, between Rs184-186, Target 196):

The stock has undergone severe correction in last two months. But with appearance of long legged ‘bullish hammer’ after five impulse down, the stage is set for a corrective rally in the stock. The momentum oscillators, both RSI and MACD are generating strong buy signal from extremely oversold terrain and minimum retracement of atleast 38.2% would ensure price up move till Rs240.  The volume has been phenomenal on Friday’s up move. We recommend buying stock in the range of Rs184-186 with stop loss of Rs181 for Target of Rs196. (Duration 7 days)

PFC (BUY, above Rs155, Target Rs163)

 PFC has given a breakout from rectangular band of Rs154-142 on Friday with impressive volumes, which has turned the short term trend to positive. The immediate projection on the upside is seen at Rs169 based on the concept of range breakout. The volumes have gone up during the breakout which supports the buying argument in the counter and any pullback to re-test the support line of its 100-DMA placed at Rs151, which should be used as a buying opportunity. We advise buying the stock above Rs155 with stop loss of Rs151 for Target of Rs163.

Market Commentary for 31.Oct 2011

Just before the first Indian grand prix, the markets had the exhilarating experience of revving engines and screeching tyres as the Nifty raced ahead close to the 5400 mark. Now, it looks like the world stocks are taking a breather. US equity benchmarks had a flat finish on Friday while their European counterparts ended mixed. Italian shares slid after a tepid auction pushed yields on Italian 10-year bonds back above 6%.

Asian markets are mixed this morning while the Nifty futures trading in Singapore are pointing to a muted start. Japanese shares are up slightly while the yen is down after the government stepped in to check the currency’s advance.

The Indian indices may consolidate after the Nifty nearly hit the 5,400 mark last week. Although the Nifty could gradually rise to 5,600, it is likely to face resistance around 5450.

Corporate earnings will continue to attract attention in the next couple of weeks. Key domestic data points to watch out for in the near-term include auto sales, cement volumes, manufacturing & services PMIs, IIP and inflation. Globally, investors will have to contend with manufacturing & services PMIs, FOMC meet, G-20 summit and US monthly jobs report.

GAIL (BUY, above Rs418.50, Target Rs440):

 The consolidation phase in Gail has come to an end with breakout from formation of ‘falling wedge’ pattern on the daily chart. Hence forth the positive momentum could accentuate further as stock has managed to breach the resistance of Rs418 which corresponds to descending resistance line of the ‘falling wedge’ pattern and also formed higher high on the weekly chart. The stock is also showing a positive divergence on the weekly chart, thus supporting buying argument in the counter. We recommend buying GAIL above Rs418.5 with stop loss of Rs408.5 for Target of Rs440. Duration 7 days.

Reliance ; Our MAHURAT stock trading strong at 904, hold for 950 plus

Diwali Dhamaka 2011

The festive season is here and the overall environment remains uncertain. This Diwali, we bring you 11 prime stock ideas (and a couple of alternative assets too), which you can rely on to deliver healthy returns. These recommendations reflect our strategy of sticking to defensives and being selective with respect to cyclicals. It is certainly not the time to be aggressive; instead adopt a pragmatic and balanced investment approach. Safety will continue to assume importance as structural issues both global and domestic are unlikely to get resolved in the near term. We are hinting at Euro Zone debt issues, looming risk of US recession, paralyzed domestic GCF, policy impasse, sticky WPI and the overshooting fiscal deficit. In terms of sectoral mix, we advise keeping equilibrium between defensive sectors FMCG, Pharma, IT and cyclicals Banking, Auto, Metals. We are reasonably confident that investment in the following 11 stocks on a portfolio basis would provide higher return than the broader market over the next year. Though in the near term Nifty could trade in the range of 4,700-5,200, it is likely to gradually move upwards in the medium to long term.        

We also recommend investments in debt products especially NCDs as it represents a great opportunity to get oneself locked-in at higher rates and for longer time frame. Amongst the NCDs, we recommend instruments of Muthoot and Manappuram due to their attractive yields and underlying profitability of their business. As we believe that commercial interest rate cycle has peaked, these NCDs may start trading at premium to par value given the high coupons.

On the commodity side, we believe Gold will continue to be a ‘Safe Haven’ and provide steady return for yet another year. The key factors that would add to the shine of Gold would be heightened risk aversion on deepening of crisis in Europe and US, loose global liquidity and imperative weakening of the US Dollar. As the most economical and convenient way of investing in Gold is through ETFs, we recommend Gold BeEs having the lowest expense ratio and high liquidity.

We expect this holistic investment approach during Diwali to not only give you smart returns but also ‘peace of mind’.

Happy Diwali!

Tata Motors Ltd – Call Closure, BANG on target

Reco price Rs160, Call closure price Rs205

We had recommended a BUY on Tata Motors in our detailed strategy note Conviction Buy Idea dated 16th August, 2011 with a target price of Rs205 (post split). The stock has hit a high of Rs207.9 in today’s trading session. We recommend investors to book profit at current levels as the stock has rallied ~28% since our recommendation. Although we remain bullish on the long term business potential of the company, we see limited upsides from the current levels. 

Diwali Muhurat Trading:

4:45 PM to 6:00 PM.

Wishing you & your family a 

very Happy Deepawali

Diwali Muhurat

Trading Picks

Reliance Industries   

Coal India 

India Cement 

Mundra Port 

ICICI Bank

Dear SMS Clients,

Those clients registered with DND will not get SMS now onwards, kindly take note of the same. We have stooped taking fresh subscription for SMS.

team, www.northpole77.com 

Market Commentary

An indifferent start is in the offing owing to mixed global markets and nervousness ahead of the earnings season. We expect the undercurrent to be cautious given the global headline risks. Any material fall in volatility could auger well for the markets. FII flows will also be important. IIP, Infosys results and Inflation will be the three big events for the week apart from all the daily dose of news flow from the offshore markets.

Telecom stocks will be in focus ahead of the release of the New Telecom Policy. Maruti is another stock to keep an eye on owing to fresh labour troubles at its Manesar plant. Sun TV could be under pressure amid reports that the CBI has raided the Chennai premises of Dayanidhi Maran.

While the US jobs data was better-than-expected, sentiment on Wall Street was hit by a downgrade of Italy and Spain by Fitch. US stocks closed lower but European stocks gained, notwithstanding a string of downgrades by Moody’s. The rating agency has warned of a possible downgrade of Belgium.

French President Sarkozy and German Chancellor Merkel have reportedly agreed to recapitalize Europe's banks without clear details.