Document 6539883

• Vol. I • Issue : 8 • Date : 20-4-2008 to 26-4-2008 • Editor : Devlaxmi Joshi • Asso.Editor : Narendra Joshi • Mobile :9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad - 380013 • Phone : 27451449 ••
Market will Volatile
in Short term
Last week, with good results and
guidance from Infosys Technology market closed with positive
note. The company reported 1.46
% rise in net profit to Rs. 1249
crore on a 6.34 growth in revenue
to 4552 crore in Quarter March
20084 over Quarter December,
2007 on 15th
April
2008.
Infosys operating profit rose
6.17 % to Rs.
1478 crore in
Quarter
4,
March 20. Over
Quarter 3 December, 2007. The
Infosys has given guidance of a
between 16.3 % to 18.3 % growth
in EPS to between Rs. 92.32 to Rs.
93 for the year ending March 2009
over the year ending March, 2008.
The BSE Sensex surged 673.56
points or 4.26 % to 16481.20 in
the week ended. Thursday 17
April, 2008. The CNX Nifty rose
180.6 Points or 3.77 % to 4958.40
RBI on Thursday announced the
hike in Cash Reserve Ratio (CRR)
by 50 basis points in two phases
to 8% in the light of the current
macroeconomic, monetary and
anticipated Liquidity conditions,
and with a view to contain the rising inflation.
In the first stage, CRR will be
INVESTMENT
GUIDE
12
hiked by 25 bps from the fortnight
beginning from April, 26, which
will be later hiked to 50 bps from
the fortnightly beginning from 10
As a result of the above increase in
CRR on liabilities of the banking
system, an amount of about Rs. 185
billion of resources of bank would
be absorbed.
Inflation
eased by 27
basic points
to 7.14 %
during the
week ended
April
5,
2008, i.e. the
f i r s t
week of the
current financial year,
down from a 40 month high level
of 7.41 % a week ago, paced by
expectation that the Government
might attempt to control runway
prices. The inflection rate was 6.44
% a year ago, and it was expected
to surge to 7.23 %.
Quarter March 2008, results of
Sensex heavy weight like, Tata
Consultancy Service, Satyam Computer Services, Grasim Industries,
Reliance Industries, Maruti Suzuki
India, HDFC Bank and Bharti Airtel
are due next week. At last market
likely to volatile in the next week
but one can invest in good fundamental stocks of his choice.
BUZZING
STOCK
Dear Friends,
brokerage giant Merrill Lynch announced $ 9.7 billion figures to be
We have seen market gaining since write-down on top of $ 25 billion
last two weeks and firm closing already incorporated in balance
despite CRR rate hike which looks sheet of second half last year. Poor
nullified by Inflation falling from numbers are flowing from Global
7.41 to 7.14 %. Sentiments look
financial institupositions quarter by
t i v e . Email : sharad_kotak2000@yahoo.com
quarter causing
Howjob cuts to curtail
ever,
the cost. Citi anareas
nounced 12400
of conmore job cuts afc e r n
ter heavy losses
a r e
in this quarter.
flowM L has aning from US over the world mar- nounced further 2900 job cuts So
kets.
far 36000 job cuts have been anCitigroup has posted $ 5.11 billion nounced in a single US Financial
lost in its quarterly results. Another sector this year. Pay role and non
Continue on ....4
WILL THE MARKET TURN BULLISH ?
The market has been behaving in
a very positive manner in the last
one week. The Sensex gained 700
points in the short four day week,
and just after market closed for the
week on Thursday, the Reserve
Bank of India (R & B) declared
that the CRR rates for
banks
would
b
e
raised
by 50
basis
points
in two
phases
over the next one
TECHNICAL
VIEW
5
9
ANTARYAMI
If Sensex Survive above 16500, Next Target is
17188 ( Outer Context – 17577 on Chart. )
JITENDRA GALA
month.
The next week shall be crucial for
the market as after the declaration
of rise in CRR, bank stocks are
likely to be under pressure, and
other stocks could move in line
with results being declared.
Similarly, next week is
going to be important as
short selling in stocks
shall be allowed from
April 29. This shall increase volumes in many
stocks, but will it lead to
fall in prices ? Only time
can tall.
PENIC
&
PROFIT
3
SUMIT BILGAIYAN
NISHES JANI
20-4-2008 to 26-4-2008
2
Industry has been hit by a slew of interest rate hikes
to curb inflation that have hit consumer demand
Friends,
Our stock market is now gaining post good results and
expected guidance from it major Infosys. Final trend
will be decided by results or Reliance. Foreign Funds
are waiting for the announcement of quarterly credit
policy by RBI on 29 th of this month. Till they are
satisfied that nothing adverse in policy to tame inflation, they would be watchful in pumping funds. Once
they find it normal credit policy, they will turn out as
big investors once again.
One more front on which we shall eye is weak results
from Financial and Brokerage houses like Merryl
Lynch, citi group etc. sub-prime write down is now
becoming concern for USA economy. Sub Prime mortgage loans are having 5 to - 12 years spread. Next few
quarters, therefore, can be in line with current quarters.
Mr. Kotak has given some vital data of loses and job
cut conditions prevailing in Us market. We fear this
may affect world market once again.
Though, we are managing our economy very well.
Inflation has started declining and more to decline in
next two months. RBi recently announced 50m basis
point rate cut in CRR which will affect liquidity in
Banking sectors and some sectors may see slow down
in Loans . Auto and Housing sector are likely to be
most affected sectors due to CRR rate hike. However,
forecast of normal monsoon is good factor which may
turn to be positive signal for the economy. We expect
17200 Sensex target by next two weeks. Take your
own judgment in investing but, we advise to be vigil
and trade with strict stop losses.
Narendra Joshi
Assocoate Editor
PENIC & PROFIT
Conti. from ....3
it jump 10 rupees now those who
hold can hold positions with
107 and target of 144 no new
positions.
tions for long term investment
at for 2 years
GNFC-buy delivery based with
SL of 147 closes above 156 –
whole India will become crazy
to buy this stock and target is
172
POWER
OF
FREESTOCK IDEA:
HOTEL LEELA-huge triangle
break keep SL of 40 and target
are 50 and 55.
TECHNICAL +FUNDAMENTAL PICK:
Here we are suggesting two
scrips on the basis of the technical projections and fundamental analysis, the projections that
used by us are rarely used in India –we suggest to take posi-
Invest in dips…[on Page 3 Box]
We have earn in aban, Larson,
guj alkalies, mrpl, simense, on
mobile, Deepak fertilizers,
We need not to give full track
record of our recommendations
because every week hundred of
new free subscribers are adding
that it self indicate our success
Want to join our free service??
If yes then message from mobile
JOIN FREESTOCKIDEA and
send to 567673434
top three leaders in Bangalore
Hotel Leela was incorporated in
space.
1981 and entered into collaboration with Kempinski Hotels to
Hotel Leela has embarked on an
set up and operate 5-star hotels.
expansion spree to set up a panThe company set up its first 5India presence to capitalise on
star deluxe hotel, Leela Penta,
the increasing demand in the
in Mumbai in 1986. The hotel
country. It Bangalore , it plans
was renamed Leela Kempinski
to add 105 rooms to its existing
in 1988, following the change
252 rooms from Q3FY08. Its
in its marketing and sales tie-up.
plan to add 29 luxury rooms in
The Leela Palace , Goa , started
Goa is expected to get fully
operation in Sept 1998. This hofunctional by FY09. It also plans
tel has been upgraded to a worldto foray into newer geographies
class beach resort and has been to increase to 2,960 with new by introducing a hotel in
acclaimed as one of the finest hotels by JW Marriott, Gurgaon, Delhi , Chennai,
resorts in the world. The 300- Radisson-Unitech, Taj and Hyatt Udaipur , Pune and Hyderabad .
room Bangalore five-star hotel getting operational. Hotel Leela
Continue on ...4
had a soft launch on July 15, would continue to be one of the
2001 . In July 2005, the company acquired a majority stake
in Kovalam Hotels, which was
subsequently renamed Leela The Reserve Bank of India, or RBI, has hiked CRR by 50 bps to
Kovalam Beach . The company 8% in two stages to contain inflation expectations.
operates four hotels with 985
The first 25 bps CRR hike will be effective April 26 while the
rooms under the Leela brand.
second 25 bps hike will be effective May 10. The 50 bps hike
Leela Hotels would be among would drain Rs 18,500 crore from the system.
the frontline hotel chains to
gain from the well-poised CRR hike has been triggered by over 7% inflation.
economy, stable political enviMuch of the current inflation surge is supply led and is a reflection
ronment and a healthy business- of the surging prices of global food, fuel and metals, on which
tourist traffic escalation. The policy tightening does not have effect. Further, with industrial
hotel sector is witnessing robust output growth already slowing and rising headwinds from weakdemand driven by business and ening global outlook, financial market turbulence and tight monleisure segments in metros and etary conditions domestically, a repo rate hike would amount to
major cities. Hotel Leela has a overkill in the economy.
dominant presence in Mumbai,
Bangalore , Goa and Kovalam. While a higher CRR was expected, bankers may not result in an
It has been able maintain its rev- immediate increase in deposit rates. As a result, they are likely to
enue per available room keep rates unchanged for a while. Besides, they expect more mea(RevPAR) in Mumbai, Goa and sures in the Credit Policy, leaving them with a couple of weeks
Kovalam helped by firm occu- before taking a final call.
pancy rates pushed by robust
Banks like State Bank of India and Punjab National Bank, which
demand in Q3FY08, which is the had reduced their prime lending rates earlier this year following
peak season for hotels. By keep- signals from the government and RBI’s third quarter review in late
ing its room rates competitive, January, may be forced to reverse their decision once the full imthe hotel was able to increase the pact of today’s move is visible.
number of rooms occupied in
Mumbai property.
THE CRR STORY
Market talk
Mumbai is a very competitive
and lucrative territory for hotels
with a current total inventory of
6,750 rooms in the 5-star category. North Mumbai has a current capacity of 4,600 5-star and
5-star deluxe rooms, of which
Leela Kempinski has a sizable
8.6% amongst the who’s who of
hotel industry. Leela Kempinski
boasts of one of the top four
RevPARs in North Mumbai .
Bangalore had been facing supply crunch in the past coupled
with surging demand driven by
IT sector boom. The Leela Palace holds the highest market
share of room inventory at 14%
with ITC Windsor and Chancery
Pavilion close at 13% each and
Le Meridien at 11% of the total
room base. By 2009, the room
supply at Bangalore is expected
Date
Risebps
CRR(%) Inflation*(%)
23 Dec, 2006
25
5.25
5.80
6 Jan, 2007
25
5.50
6.40
17 Feb, 2007
25
5.75
6.00
3 Mar, 2007
25
6.00
6.50
14 Apr, 2007
25
6.25
6.30
28 Apr, 2007
25
6.50
6.00
4 Aug, 2007
50
7.00
4.40
10 Nov, 2007
50
7.50
3.20
* Inflation
* Source: RBI
based
on
wholesale
price
index
Next Week On Monday Market will be opening lower side due to
CRR Hike.But Watch Result impact on WIPRO, (RELIANCE,TCS
AS WELL AS SATYAM )ON 21st April & 22nd Ranbaxy Lab all set
to announce very good result.
Last but least Market will outperform only in B group.
20-4-2008 to 26-4-2008
3
WEEKLY COMMODITIES WATCH
WEEKLY REPORT CARD
[21st April to 25th April 2008 ]
THE HEIGHT OF POSSIBILITY!
Sensex-11192.46 which was in august
2006
Nifty future-3896.90 which was in April
2007
(Don’t panic on this, this is just result of
analysis and it may or may not possible)
ter that it will fire to 13781.
Support at 12269……………
NASDAQ –major resistance at 2440 cross
over will take to 2509
Support at 2299 and 2266.
Nikkei –resistance at
13533 and 13612
close above will take
to 13794 to fill the
gap.
Suggestions/query/comment mails us at
panicandprofit@rediff.com
SENSEX-in the last week report we have
given multiple support of 15300 and index made low of 15573 and rebound.
And resistance
was given at
16804 and index comes off
after making
high of 16570.
In the next few
days index has
strong resistance at 16804
two close above this critical levels will
take index to 17515.
While on the down side strong support
exist at 16100 and there after critical and
strong support of 15300
Weekly close below 15300 would create
panic-this chance is vary remote.
NIFTY FUTURE-in the last week report
we have given multiple support at 4621
and index made low of 4675 and rebound
……. While resistance given at 4630/50
and told that if it cross then can go to
4933 even to 5000 watch index touch
4895……….
In the next few days index has strong resistance at 5015-5060 close above this
levels will take index to 5194.
While on the down side strong and critical support of 4933 below that support
4835 two close below 4835 will take index to 4621 which is multiple supports.
STRATEGY-in the next few days trader
should watch to mid caps and momentum stock-every rise nifty will face resistance and it is batter to look towards stock
specific trades.
TABLE OF IMORTANT LEVELS:
INDEX
SUPPORT
RESISTANCE
Sensex
16100
16804
15300
17515
4933
5015-60
4835
5194
Nifty fu
From last week we see uptrend trade in
copper and in silver and expected this
type of uptrend trade continue in coming week in coming we expected some
upward trend see in copper and silver we
also see some buying coming in copper
from lower levels and for coming week
we are positive in copper for coming
week important resistance for copper is
Support at 12779
close below will create only panic……
Hang sang-support
at 23305 and 23098
While gap resistance at 25308 and
25823.
Shnaghai-before
two week told that it will slide to fill the
gap of 3200 now the gap has been and
looking hot support at 3178 it will fire to
fill the gap of 3462………….
Bovespa –this Brazil index looks hot like
famous song “Shalala’s our challenge
that it will create new high ……………
Technical stock pick-I am giving four
stocks for short term delivery based not
for the future and options –keep levels
in mind and don’t try to smart and walk
against these levels.
SAIL-this counter has been hammered by
news of govt of ban on export –huge short
selling has been on stand and that has to
be settle down in the next four days all
short sellers will come to cover his
shorts………
Buy on the Mondays mornings dip with
stop loss of 155 with target of 183 and
188 close above 188 will create problem
for the bears and that will take to 207
one can take delivery based positions.
SRF-we have recommend at 121 to our
all 1800+ free subscribers on Friday and
Continue on ....2
Scrip
Projected
UPTO 1860 TO 1880 WE SEE UPTREND
IN GUAR SEED IN COMING WEEKS.
TURMERIC APRIL NCDEX
BUY FOR POSITIONAL WITH A
STOPLOSS OF 3020 BUY ON BREAK
OUT CLOSE ABOVE 3140 WITH A
STOPLOSS OF 3080 IF IT BREAK THE
SERIOUS SUPPORT OF 3020 THEN WE
SEE FALL IN TURMERIC BUT
CLOSES ABOVE 3150 WE SEE
BIG RALLY IN TURMERIC FOR
LONG POSITION TAKE TARGET
OF 3190 AND WEELY BASIS
TAKE A TARGETOF 3135 TO
3150 FOR WEEKLY BASIS WE
EXPECTED POSITIVE TREND.
SILVER MCX APRIL
BUY AT CURRENT MARKET
at 358 above this level we expected some PRICE AND ON CORRECTIVE DID
big rally coming in copper from this LEVELS 23550 TO 2480 WITH A TARlevel we expected some upward trend in GET OF 23850 TO 23960 BELOW
copper for coming weeks for next week 22900 WE SEE SOME SOME FALL
we expected some high volatile in crude UPTO 22500 TO 22000 WITH A
, gold , silver for coming week important STOPLOSS OF 23250.EXPECTED
resistance for gold is at 12620 above VOLATILE TREND IN COMING
this level we expected some big rally com- WEEKS.
ing in gold and in down side support is
at 11550 if in coming week gold break GOLD MCX APRIL
this level of 11550 then we see free fall BUY AT CURRENT LEVELS AT WITH
in gold and for
A TARGET OF
silver important
12285 TO 12360
support is at
BELOW 11650 WE
23150 if in comEXPECTED SOME
ing week silver
FALL COMING IN
close below this
GOLD A IT WILL
GOLD MCX APRIL
level then we see
GO UPTO 11350
some selling
STOPLOSS 11850
pressure coming in silver and resistance
is at 24100 above this level next target COPPER MCX APRIL
for silver is 24600 expected big volatile Buy current levels at 344 to 346 with a
in silver in coming week in coming we upper target of 352 to 356 above 358
are positive in guar seed, turmeric, and copper zoom upto 365 to 368 for weekly
red chilli.
basis take a stoploss of 328.positive trend
in coming Week
GUAR SEED MAY NCDEX
BUY AT CURRENT MARKET PRICE ARECANUT MCX MAY
AND ON CORRECTIVE DIP TO RS WE SEE SOME selling pressure COM1790 TO 1780 WITH A STOPLOSS OF ING IN arecanut oil AND EXPECTED
RS 1740. WITH A UPPER TARGET OF THIS selling pressure CONTUNIE IN
1825 TO 1848 ABOVE 1855 EX- COMING WEEKS sell at current levels
PECTED SOME BIG RALLY COMING AT 8700 TO 8735 WITH A TARGET
IN Guar seed AND IT WILL ZOOM OF 8650 TO 8620 WITH A STOPLOSS
OF 8780.
Business
Target price
Bgr energy
725
Power projects, Captive power, Oil and gas equipments
Roshil limited,
divisions, Air fin cooler divisions Environment –
Reliance capitalm
engering divisions, Electrical projects, Infrastructure divisions
trustee.
Piping division, Gas compressor, Packaging divisions.
Gei ind
124
Clooning and heat exchangers for the following industries-
GLOBAL MARKET TREND:
Petroleum refinery, Lng terminals, Chemical plants, Oil and
Dow jones-“inverse head and shoulders”
has been broken –length of the pattern is
1025 point.
gas fields, Offshore gas processing platform, Cng filling station,
Last resistance of trend line at 13100 af-
Share holders
Electrical locomotive, Fertilizers plants, Metagrual, Cement plants,
Power utilizing equipments.
20-4-2008 to 26-4-2008
4
INTRODUCTION
Kotak Bazar
farm jobs are showing down
trend every month. Un employment nocks highest degree in US since 1997.
Sub-prime mortgage crisis is
turning to be biggest issue
of the decade rattling US
economy . So far more than
$ 200 billion are write-down
Conti. from ....1
week for the market
(4) Reliance Petro :
Now , this week will prove
very crucial for the market.
We have seen break out of
SENSEX last Thursday. If it
sustains gains, we can definitely see next level of
17188 during the week.
However, It must sustain the
gain is one
condition and
do not break
15277 is second condition.
Last Close : 187
Same number of job cuts
took place in US Financial
service along with banking
sector during 2007. Only
FED arte cut is falling short
of supporting growth in US
economy. It may take long
to put the economy on
track. Some firm and long
term steps needs to be initiated now . US needs to
strength demand and huge
funds to flow in the
economy.
(5) RISHI LASER :
He is giving his astrological views in many leading newspapers and magazines.
WEEKLY PREDICTION OF STOCK
MARKET FOR 121-04-08 to 25-04-08
During the week Sun will transit from Aries, Moon from Libra to
Sagittarius,
Mars from Gemini,
Mercury
from Aries, Jupiter
from Sagittarius, Venus from
Pisces, Saturn from Leo, Rahu
f r o m
Aquarius, Ketu from
Leo, Harshal
from Aquarius, Neptune from
Capricorn and Pluto
from Sagittarius. Daily effect
of
above
planetary transit on
stock market will be as follow:-
:
We have advised our members to buy this stock
around 80. Now this stock
is trading around 95. This
is our long term pick for two
years with target above 500.
Even around 500 we will
book only 50 % profits.
Last close : 2640
(6) Deepak Fertilizers
View: Wait if you can get
at some lower levels before
announcement of the results. If it fall till 2588 and
do not break 2588-2598
Zone, take positions with
target between 2770-2900
in few days.
One more long term bet.
Add in your Long term port- 21-04-08
folio with no stop loss. Just 22-04-08
hold two years and see the
magic.
Some of the
buy stocks if
Monday prove
to be good for
the market
and every quarter is showing more and more writeoff. It is feared that it may
account for $ 1 Trillion in
next two years leading Financial crisis causing total
job cuts more than 1,50,000.
Keep near term stop loss of
184. If you want to add in
your long term portfolio,
forget about stop loss and
add at every decline. Hold
it for just two years, it will
prove multi bagger. We
project 450 rates in next
two years.
Rajnikant Thakkar a well known name in Financial corporate Astrology. He is working with a financial institution
since 1982.He has been awarded ·Jyotish Ratnam by Bruhad
Gujarat Astrological Society, Ahmedabad ·Jyotish Visharad
by Bruhad Gujarat Astrological Society, Ahmedabad ·
Jyotish Visharad by Academy of Vedic Astrology (K.P.),
Ahmedabad ·Award of Honour by Steller Healing Research Centre,
Chandigardh ·Jyotish Bhaskar by by Akhil Bhartiya Saraswati Jyotish
Manch, Delhi ·Jyotish Marmagna by Future Point Pvt. Ltd ·K.P. Hora
Ratna by K.P. Sari, Chennai · Jyotish Vachasparti by K.P. Sari, Chennai
(1) RELIANCE
(2)
CONCOR
Last Close : 938.
One more stock likely to announce excellent results.
This stock is closely hold by
promoters having 62.% and
FIIS MFs FCBS, etc holding
major stake leaving only 2
% with the public. We ex-
DATE
23-04-08
We believe that it is time to
pick long term stocks
slowly with aspecting two
24-04-08
years hold and add at decline without fear.
(7) GMR INFRA
25-04-08
DAY
TREND OF MARKET
Monday
Tuesday
Wednesday
Thursday
Friday
We have picked this stock During the week the following scrip will give good return:with short term target of 180
Last close: 152
Keep stop Loss of 148
ACC, ALLIED COMPUTER, ALPA LAB., ANTIFRICTION
BEARINGS,,ARCHIES, BHARAT FORGES, C& C CONSTRUCTION, CENTRAL BANK OF INDIA, CENTRAL BANK OF
PUNJAB, HERO HONDA, KTK BANK, MTNL, NTPC, PUNJAB
on ...7
NATIONAL BANK, RANBAXY, REL. CAPITAL,Continue
TATA STEEL
(8) DLF
SENSEX
NIFTY
11-04-2008 18-04-2008
15807
16481
4777
4958
We have to learn to manage support from within the
country to keep our stock
market alive. We need to
divert huge savings lying
idle in various pockets like,
Insurance
companies,
Provident Funds, trusts,
public savings to be diverted and motivated by
long term tax reliefs. Few
more crash like January will
prove serious for economy
as well as investing community. We must restore stability at any cost.
The week that we had was
second successive positive
++674
+181
pect this company can post
EPS around 67. Take positions in this stock and add
at every decline.
(3) Satyam
Last Close: 468
Keep Stop Loss of 456 and
hold for two years. You can
get more than 1500 rate.
This stock is having good
track records of bonus announcements and considering various cards in hand,
we rate this stock as super
star of 2009.
Bull day. All sectors will rise.
Bull day. Auto, I.T. Telecommu
nication, P.S.U.,FMCG, housing
and aviation will rise.
Open with bull trend, slowly
decline from 10.40 am. But bull
at the time of close. All sectors
will rise.
Open with bull trend, decline
from 13.39 pm. Dual trend in all
sectors.
Flat day. Steady in all sectors.
Last Close : 649
Enter this stock with Stop
Loss of 629 for target 674698
(9) Kotak Bank
Last Close : 719
Keep Stop Loss of 711 with
target 763-787
You can take positions in
Future also. Kotak Bank has
lot size of 275 .
(10 Tata chemicals
Last Close : 343
Stop Loss : 333 on closing
basis
Target
: 357-370
MARKET PRIVIEW
Conti. from ....2
The first to be launched in these
would be a 319-room and 90
service apartment hotel in
Gurgaon under management
contract which is expected by
June 2008 followed by 380
room luxury hotel in Chennai
by September 2009. The new
hotel at Udaipur is expected to
be commissioned by Q1FY10.
For the quarter ended Dec 31,
2007 , the company’s top-line
grew by an impressive 44.4% to
Rs 142.96 crore and bottom-line
surged by whopping 54% to Rs
35.66 crore. We expect Hotel
Leela to post a 17.9% y-o-y
growth in top-line to Rs 489
crore in FY08. We believe the
company will see operating
margins expanding by 240 basis points on the back of improved cost control and post a
bottom-line of Rs 129 crore.
Buy at current level Rs. 44.00
for target of Rs. 60.00 in One
Year.
ATTENTION
The material contained in
the Economic Revolution is
based on Fundamental and
Technical analysis & other scientific methods and also the
knowledge and belief of author. Error can not to be rulled
out. The information given is of
advisory nature only. The Editor, the Publisher and the Author does not take any consequences arising out of it. All
rights reserved. Reproducing
to whole or in part of any matter including featurs without
permision is not permitted.
Letgal
jurisdiction
is
Ahmedabad only.
The material given in the
Economic Revolution is the
views of author only, it not
means that Editor is agree with
it, so Editor, the Publisher and
the printer is not resposible for
the contains in writers article.
Devlaxmi Joshi
Editor,
The Economic Revolution.
20-4-2008 to 26-4-2008
Sumit bilgaiyan is technical &
fundamental analyst. He has vast experience in
the stock market last 6 years.He is regularly
writing article and daily columns in Leading
News papers in Gujarat. He also does PORTFOLIO ADVISORY SERVICES.
E-mail: sumit_bilgaiyan@yahoomail.co.in
Mobile-+91 09755261070
MARKET TREND FOR THIS WEEK
5
Libert shoes-- In positive market on Friday stock close with
positive notes with huge volume expansion also with big
gain in last week stock recovers
smartly from 83 levels it has has
huge potentional to go upto 125
in coming week buy at current
levels at 101 with a upper target
of 110 to 115 above this level next target is at 125 stoploss 88
.Stock is also good for short term investment
WEEKLY
STOCK
DIRECTION
RECOVERY STARTS
IN MARKET
I NDUSIND BANK —the stock
looks a fair defensive holding since it has consolidate
with decent volumes there
SESA GOA
Sesa goa -Buy at current levels at 3216 with a upper target of 3240
to 3260 above 3268 Next target is 3290 with a stoploss of 3125
SENSEX FROM 15-04-2008 TO 17-04-2008
Decline in inflation numbers are good for market Indian market
ends on weekly basis with very strong notes continuously second
week we see a positive trend in market on a positive global cues
this whole week we see heavy buying regularly coming in Indian
market on weekly basis sensex gained 674 points and nifty gained
nearly 3.77 % after announces Infosys Q4 result on 15 April 2008
we see rally come in it stocks and expected this rally also continue
in coming weeks in this whole we again see heavy buying coming
in midcap and Smallcap Indices on weekly basis Bse madcap indices gained nearly 4.8 % and Bse smallcap gained nearly 5.56 %
inflation slips to 7.14% this is also very good for Indian markets on
week starts on Monday we see high volatility in market and on
Tuesday day market ends with gained 346 points an on Wednesday the market after trading in narrow range through the day tracking positive global and asian market sensex end with gained nearly
90 points and at last day on Thursday with slips in inflation
numbers we see good buying coming in market and on Thursday
sensex rose nearly 237 points .In our previous article we clearly say
that important resistance for sensex is at 16250 above this level we
see again buying coming in market and sensex closes above this
level at 16481 this was the very good formarket For this week
market is volatile important resistance for sensex is at 16950 above
this level we see big rally coming in market and for this important
support is at 15900 below this level we again see selling pressure.
Market is volatile for this week.
Market trend for this week
Market is volatile for this week if sensex break the important support of 15900 then we see again selling pressure in market and for
for this week important resistance is at 16950 above this level we
some big rally for this week market is volatile.
For this sensex resistance is at 16590-16685-16820 above this
above this level next resistance is at 16950 in down side support is
at 16390-16265-16140 below this level next support is at 15900
Market is volatile for this week.
For this week nifty resistance is at 4990-5060-5180 above this
level next level next resistance is at 5320 in down side support is at
4840-4760-4680 below this level next support is at 4620 .market is
volatile for this week.
STAR OF THE WEEK
LIBERT SHOES
is upside potentional till
around Rs 95 and very little
down side with strong support at Rs 82 keep a tight
stoploss of 83 start covering above Rs 94.
LOGIX MICRO
Logix micro -The stock is looking good for coming week there is
upside potentional till around at 210 and very little down side with
a strong support 185 keep a tight stoploss of 188 and start covering
at 205.
STOCK FOR THIS WEEK
C O M PA N Y
BUYAT
TARGET
LOGIX MICRO
190
205
SAFARI IND
36
40 TO 44
TECH MAHINDR
931
950 TO 965
I FLEX
1289 1320 TO 1350
DHANL.MIBANK
65 TO 62
75
STOPLOSS
185
32
900
1250
55
F & O STOCK FOR THIS WEEK
C O M PA N Y
BUYAT
TARGET STOPLOSS
I FLEX FUT
1295 1320 TO 1350
1260
SESA GOA FUT
3220 3240 TO 3280
3160
CHAMBAL FERTI FUT 70
75 TO 78
65
INDUSIND BANK FUT 89
94 TO 96
84
IDFC FUT
162
170 TO 175
150
STOCK FOR SHORT TERM
C O M PA N Y
BUYAT
TARGET
VBC FERRO
200
240 TO 280
VIJAY SHANTI BUILDER78
90 TO 110
SHRI RAMK MILL
23
28 TO 40
FERRO ALLOY
26
30 TO 38
with decent volumes there
is upside potentional till
around Rs 98 and very little
down side with strong support at Rs 78 keep a tight
stoploss of 81 start covering above Rs 97.
SRF LTD—Stock are
loking good on chart recently it will broken the important resistance of 120
after we see rally in this
stock and expected this rally
STOPLOSS
165
62
18
20
will continue in coming
week also buy at current levels at 129 with a first target
of 140 and after second target 142 on weekly basis
take a stoploss of 116
SINNAR BIDI—buy at
current levels or closes
above 1120 with a strong
resistance at 1128 above this
we see big rally in sinnar
bidi for weekly basis take a
target of 1135 with a
stoploss of 1090.
I FLEX—ici india could be
back on recovery trial since
it will broken past resistance at 1250 it this stock
is also attractive on chart
buy at 1289 with a target of
1320 stoploss 1260
TECH MAHINDRA—Stock are
loking good on chart recently it will broken the important resistance of 750
after it we rally in this stock
and expected this rally will
continue in coming week
also buy at current levels at
932 with a first target of 945
and after second target 952
on weekly basis take a
stoploss of 910
BANK OF INDIA—buy at current levels or closes above
328 with a strong resistance
at 333 above this we see big
rally in bank of India for
weekly basis take a target of
335 with a stoploss of 308
ONWARD TECH – Buy with a
short term view buy at current levels or corrective dip
at 28 to 25 with a short term
target of 35 and for long
term take a target of 60 to
65 with a tight stoploss of
20
AIR DECCAN—buy on corrective dip considering at 130
to 125 with a upper target
of 150 to 160 stoploss 110.
VTM LTD—the stock
looks a fair defensive holding since it has consolidate
20-4-2008 to 26-4-2008
6
MARKETS GIVE A Suzlon's windmill empire
BREAKOUT - 19/04/2008 begins to show some cracks
Sensex and Nifty both have given
breakouts. Sensex has completed a small
saucer formation and the targets for that
are 16890 and 17166. As far as Nifty is
concerned, it has managed to close
above the 50DMA which is signaling a
short term uptrend. Nifty will face resistance at 5117 levels which is where the
200 DMA is placed. Sensex will face
resistance at 16832 which is where the
multi year trendline resistance is placed.
Above which, the 200DMA is at 17280
and there is a gap on the daily charts of
the Sensex between 17227-17258. So
Sensex will not be able to cross 17250
in a hurry.
Even the CRR hike of 50bps will have
minor effect on the market, as the market had already factored in that hike. So
any fall in the market will create buying opportunities. Keep a watch on index heavyweights like RIL and ONGC.
IT and PHARMA SECTOR LEAD
THE RALLY.
IT and Pharma sectors were the star sectors in this short truncated week of three
days. IT sector, which till now was
plagued by the
a p preciation of
the
rupee and the
slow down in
the
US
economy; suddenly sprang
back to life and
started a stupendous rally.
Fundamentally
speaking our IT
companies are now
not overtly dependent on the US, but
will be effective from April 26 while the
second 25 bps hike will be effective from
May 10.
*
RBI plans to sell Rs 2,500 crore
91-day treasury bills on which includes
Rs 2,000 crore under the market stabilization scheme, or MSS. The central bank
also plans to sell Rs 2,000 cr 364-day TBill on Wednesday which includes 1,000
crore MSS.
What does CRR mean?
CRR means cash reserve ratio in which
the ideal cash that the banks had to keep
apart from their total deposits. Till now
the banks had to keep aside 7.5% of their
total deposits as ideal in cash they cannot lend it. Now onwards they have to
keep aside 8% and it will come into effect in two stages. On April 26, it gets
raised to 7.75. On May 10 the CRR will
effectively become 8%.
What will be the Impact of CRR hike?
Due to the hike in the CRR some amount
of the cash in the system will be wiped
out, almost 50 bps hike would drain Rs
18,500 crore from the system, and also
the interest rates will go up because there
is less money to lend. And if the less
supply of money will be
there than it will
affect the Purchasing power negatively, means demand will be also
slow down. When
demand will slow
down than automatically prices
will cool off and it
SHAHENSHAH OF FINANCIAL JUNGLE
are slowly diversifying their risk geographically. As a result their dollar dependency will slowly reduce. This is
already visible in the strong performance of the IT shares.
Pharma Sector too joined the rally and
Ranbaxy-Orchid drama only added fuel
to the fire. In our last article we said that
the immediate target for orchid is 290,
and it achieved that very easily!
FINALLY FISCAL CONTROLS ENTERED IN THE PICTURE OF INFLATION
Though the Inflation figures have been
cut down this week as compared to the
last week of 7.41% to 7.14%, but still
also it is beyond the tolerance level of
government. So, to melt down the figures more, the Reserve Bank of
India(RBI)has taken following steps:
*
Hiked CRR by 50 bps to 8%
in two stages. The first 25 bps CRR hike
will help in reducing inflation.
MSS BONDS.
These are called as Market Stabilization
bonds. This works as double edged sword,
Government buy this bonds that means
they are making the inflow of dollars on
which they have to pay certain interest
as the cost. And when it wants to sell
means they want to have an outflow of
dollars from the system.
In todays scenario to drain the excess
money from the system RBI is planning
to sell this bonds. This will lead to slow
down the inflation.
How CRR hike and MSS bonds will impact the stock market?
Definitely this will slow down the growth
of the economy. Finance is the life blood
of any business, due the above measure
cost of capital will increase for all kinds
of business which will directly impact to
profitability and growth. Since this will
After harnessing the breezes to
build a $7 billion (Rs28,000 crore)
family fortune, windmill magnate
Tulsi Tanti is encountering heavy
turbulence.
The German company has also developed some of the industry's
biggest turbines, which could help
turn Suzlon into a wind-power
front-runner.
A bit more than a decade ago, Tanti
sold his family's struggling yarnmaking business and scraped together about half-a-million dollars
to start a new company. Defying
industry incumbents who dismissed
him as a dreamer, he started building wind-powered turbines.
Now, Suzlon can't get its hands on
the blueprints. Hamstrung by a
German corporate law, Suzlon
must offer to buy out minority
shareholders before it can demand
Repower's designs.
With lobbying, heavy borrowing
and good timing, he turned Suzlon
Energy Ltd into the world's fifth
largest windmill maker. Suzlon
does roughly $1.8 billion in sales a
year and has captured 8% of the US
market. Tanti ranks among the
world's richest green-power moguls.
Tulsi Tanti
Maintaining his perch will be a
challenge. In a filing with the US
Securities and Exchange Commission (SEC) in February, Edison
Mission Energy, a unit of Edison
International, said the 144-footlong windmill blades it recently
bought from Suzlon have begun to
split at three wind-power sites.
Suzlon has recalled 1,251 blades
from its top-of-the-line turbines,
which represent the majority of
blades the company has sold to date
in the US.
Its troubles don't end there. A year
ago, the company bought a controlling stake in a large German turbine
manufacturer, Repower Systems
AG, in one of India's biggest overseas acquisitions.
Repower's technology could improve Suzlon's current product line.
be applicable from current running quarters only results will get impacted and
can make slow down.
Still Investors and Traders should not
forget that Indian economy is a growing
economy and it will easily come over
these small hurdles and in long term it is
in bullish trend. So at every fall good
stocks can be picked without hesitation.
STOCKS THAT WILL BE ON FIRE
NEXT WEEK:
It's unlikely that the company
could make a tender offer until
2009, say people with knowledge
of the companies.
See: Added capacity
Tanti, a 50-year-old with a narrow
moustache and slicked-down hair,
plays down the concerns.
In an interview, he demonstrates
a bold confidence in the technology that has propelled Suzlon this
far, and bristles at questions about
its challenges.
Four-year plan
"There are no companies growing
the way we are growing. Within
four years we will feed product
technology to the whole world,"
says Tanti, the company's chairman and managing director.
Suzlon remains on track to double
its annual production capacity by
2010, he says. The cracked-blade
problem, he says, doesn't stem
from any fundamental design flaw.
He declines to comment on ownership issues at Repower.
Suzlon's rapid rise reflects the advantages that developing world
companies have in some booming
new sectors-as well as the trouble
they may have staying on top.
PRAJ INDUSTRIES 152 SL 147 TGT
163-169.
INDUS IND BANK 89 SL 86 TGT 95102.
SASKEN COMM 145 SL 139 TGT
154-162.
ESCORTS 96 SL 93 TGT 103-108.
20-4-2008 to 26-4-2008
DIFFERENT STOCK
FOR SHORT TERM
RAVI AGRAWAL
KAJERIA CERAMIC
Kajaria Ceramics Limited, an
India-based ceramic tile company, having a global reach of
more than 20 countries, boasts
of a network of 600 dealer and
6000 sub-dealer showrooms
across the country as well as a
dedicated division (after all
Kajaria is an export company
as well) International agents
and distributors. Kajaria Ceramics Limited’s product portfolio comprises international
tiles, high-end wall and floor
tiles sourced from Spain and
Italy, vitrified tiles from the
manufacturers in China, and
wall and floor tiles manufactured at its plants. The
Company’s two plants possess
a cumulative manufacturing
capacity of 26.4 million square
meters
per
annum:
Sikandrabad, Uttar Pradesh (capacity 9.70 million square
meters), and Gailpur, Rajasthan
(capacity 16.70 million square
meters). Kajaria Ceramics
Limited’s institutional customers comprise brand, such as
Kumar Builders, Hafeez Contractor, Sobha Developers,
Mantri Group, Prestige Group,
Unitech, Parsvnath, Eldeco,
DSK, MGF, Ansals and
Hiranandani.
This company is the largest
manufacturer of tiles in India
with a quarterly sales turnover
of 129 Cr Dec 07 compared to
105 Cr last Dec. Looking at this
company I feel that it may me
grossly mismanaged. I may be
wrong but have a look at its expenses for the last quarter, 108
Cr, leaving just 21 Cr operating profits. From this profit, a
huge 10 Cr is bit off by Interest
on Loans. Leaving just 3Cr
profits after tax and other deductions. Did I mention the net
loss of 5 Cr for March 07? This
company seems to have huge
expenses in administration,
distribution and financial
charges that is in the tune of
nearly 900Cr, something they
should work on reducing. The
fact is that the company increased production capacity
without knowing how much
the market can actually absorb.
Since 40 percent of production
was historically focused on
North India, there was a temporary over-production in the
region and their distribution
channels struggled to liquidate
inventory. The result was a loss
in notional revenues, a decline
in realizations and interest outflow on account of the debt
taken to create the additional
capacity. The company tried to
dump excess stock in foriegn
markets will little success.
Ok, this company got a bit carried away, dont we all. It has survived for 18 years right? So what
makes this company and this
sector so attractive? Its the relative immunity to inflation and
the constant demand as a result
of booming real estate. Although they are affected by recession.
With a PE ratio of around 37 and
at a price of Rs 25 for FV of Rs 2,
hold this stock for a couple of
quarters and monitor the growth
Buy at current levels for a short
term target of 45 to 50 in short
term
AGRO DUTCH
INDUSTRIES
Based in Chandigarh-based Rs
144 crore Agro Dutch Industries
Limited (ADIL), is among the
country’s large food processing
companies and India ’s largest
mushroom producer. How large?
Well they produced around
3000 ton in 1992 and had a mere
increase to 50000 ton today. Ok,
its not mere, its huge, accounting for about 85% of country’s
mushroom production and exports. Did I mention that they
are the world’s largest integrated
mushroom producer, with an
average daily production of
125MTAgro Dutch exports
95% of its production. Of this
US accounts for 70%, Israel 20%
and other countries like Canada,
Mexico, Russia and Taiwan account for 5%. ADIL is also
amongst the finest manufacturer
of packaging material namely
cans.
Major products
Agro Dutch Industries Limited
operates mainly in two categories namely, white button mushroom cultivation and can manufacturing.
Mushroom Cultivation
ADIL is located in Punjab ,
which is arguably one of the
7
Final trend of Market will be decide by results of Reliance
1) ACC ( 799.40 ) :- In this scrip
near term support at 793 and
buy with the stoploss of 786
on the upper side first target is
804 then 812 - 822 to 829.
2) TISCO ( 715.20 ):- In this scrip
near term support at 709 and
buy with the stoploss of 703
on the upper side first target is
723 then 728 - 734 and to
742 .
3) BHEL ( 1785.20 ) :- In this
scrip near term support at 1778
and buy with the stoploss of
1773 on the upper side first target is 1793 then 802 and
1817 and to 383.
4) MUNDRA (
629.65 ) :- In this
scrip near term
support at 623
and buy with
the stoploss of
618 on the upper side first
target is 634
then 641 - 647
and to 653.
5) HDIL ( 685.75 ) :- In this scrip
near term support at 681 and
buy with the stoploss of 676
on the upper side first target is
692 then 698 - 704 to 711.
6) RIL ( 2636.35 ) :- In this scrip
near term support at 2630 and
buy with the stoploss of 2624
most fertile states in India and
produces 80% of India ’s wheat.
Wheat straw is the most vital
substrate for mushroom growing. Every batch of compost is
monitored in exactness for various physical and chemical parameters. The company has 133
climate controlled concrete
growing rooms to ensure that
mushrooms are available each
day. Farm fresh healthy mushrooms, canned everyday, all
year round, ensuring unflinching consistency, uncompromising quality, and the highest
level of food safety. Continuity
comes with a lot of factors in the
mushroom cultivation business.
These are namely, a perennial
supply of the right compost substrate growing round the year 365 days, fresh packing everyday, control over the input quality of cans and an integrated facility. The mushrooms are
canned within a few hours of
picking. This mean no brine
pack… always freshly canned
mushrooms. The state of the art
canning line of the company has
been brought in from specialists
in Holland , France and Taiwan
on the upper side first target is 10) BAJAJ HOLDING. ( 709.00
2643 then 2652 - 2664 to ) :- In this scrip near term support at 703 and buy with the
2682.
stoploss of 698 on the upper
7) MNM.( 638.90) :- In this side first target is 714 then 723
scrip near term support at 633 - 730 to 736 .
and buy with the stoploss of
627 on the upper side first tar- 11) BIOCON.( 447.60 ) :- In this
get is 643 then 649 - 654 to scrip near term support at 442
and buy with the stoploss of
662.
438 on the upper side first tar8) ABB ( 1153.35 ) :- In this scrip get is 452 then 458 - 463 to
near term support at 1146 and 469.
buy with the
12) ADANI ( 750.00 ) :- In this
stoploss of
scrip near term support at 744
1138 on the
and buy with the stoploss of
upper side
738 on the upper side first target is 757 then 762 - 769 to
776.
13) BHARTI SHIP.( 507.65 ) :In this scrip near term support at
503 and buy with the stoploss
of 499 on the upper side first
target is 513 then 518 - 524
to 532.
14) AOROBINDO ( 313.00) :In this scrip near term support at
307 and buy with the stoploss
of 303 on the upper side first
first target is 1160 then 1168 target is 318 then 323 - 328
1176 to 1188.
to 334.
9) BHARTI AIR ( 823.25) :- In
15) ABAN. (3545.10 ) :- In this
this scrip near term support at
scrip near term support at 3537
817 and buy with the stoploss
and buy with the stoploss of
of 811 on the upper side first
3530 on the upper side first tartarget is 829 then 836 - 842
get is 3554 then 3568 - 3582
to 850 .
to 3596.
. The objectives are complete
safety. The canning process is
controlled by a detailed HACCP
program, designed and monitored by Process Authority- International Food Technology.
Can Manufacturing
The performance of a can is a
complex interaction of food
constituents, canning practices
and storage parameters on one
hand and the entire can manufacturing system on the other
hand. The can and its contents
must be therefore considered
together as a unit. Thus, it is truly
a package deal. This is what
Agro Dutch is, on of India ’s largest canners and also the finest
can makers. Having bought cans
from several overseas and domestic can makers, the main endeavor has been to make the
right can and reduce the variability from can to can. Generally, the can cost may contribute up to a fifth of the total product cost. So, it really made sense
to get the best can available.
Although, it is first a can filler
and then as a can maker. At the
same time the tolerance are
plummeting towards zero defects. This necessarily entails
right first time, right every time
and real time Quality Assurance.
The company believes in emphasizing off-line control to an
extent whereby the on-line control becomes only a back up. The
best of the raw materials, elaborate SQC techniques and process
capability studies are used for
continuous process improvement. Prime quality tinplate is
imported from established
names such as Rasselstein , Germany And Nippon Japan . High
quality packaging coatings are
used from ICI who back it up
with expert technical assistance.
All this contributes to ADIL’s
endeavor to become one of the
leading can manufacturers in
India .
Fundamentally, this company
has shown sustained and
consistant growth with impressive expansion plans.
BUY AT 29 WITH A SHORT
TERM TO LONG TERM
TARGET 55 STOPLOSS 20
20-4-2008 to 26-4-2008
8
LONG TERM
SELECTED
STOCK IDEA
by NISHESH JANI
Supreme Industries
(SIL):
SIL, one of the largest plastic
processors in the country
with a well diversified
product portfolio, is all
geared to take advantage
of promising growth prospects in fast growing plastic industry. Establishing
mega plastic products
complex (1.5 lakh TPA) at
Gadegaon, Maharashtra,
(taking total capacity to
2.55 lakh TPA). Trial production started in Sept.
2007 and planned capacity of Phase I by Feb. 2008,
while total facility (total
capex of Rs. 255 crore) to
be fully operational by FY
2010. Company will be
manufacturing corrugated
pipes using technology
from Wavin Plastics, Netherlands to save on raw material volume of 5-10%.
Also setting up new facility at Urse, near Pune to
produce protective packaging products by Nov.
2007. These products are
high margin specialty
products and will add to
both top- line as well as
bottom-line. Increasing
capacity of XF (crosslinked) film, which has
application in making fumigation sheets, sacks,
canal covers, tarpaulins,
etc., at investment of Rs 15
crore to be operational by
October 2008. Expanding
capacities in material handling systems and furniture along with introduction of new product range.
All these initiatives, to double
plastics products turnover in
next 3 years with higher profit
margins, as company is exiting
from low-margin non-core businesses and increasing share of
high-margin, value-added
products addressing new markets and applications. Another
major trigger is unlocking
value in property at Andheri
consisting of 10 floors that is
likely to be ready for occupation during last quarter of 2008
Technical checklong term support at 150 resistances at 285 above it can test
400 levels.
Ingersoll Rand (IRIL):
IRIL, a 74% subsidiary of
Ingersoll Rand Co. US, is
on a strong growth momentum in its only continued
Air Solutions (compressors)
business on back of high
growth in user segments
like Steel, Cement, Pharma,
Petrochemicals, Foods Processing and Automotive &
Auto Components. Company has full access to new
contemporary products
from portfolio of its parent
company - a global leader
in air solutions business.
High margin after sales service and spares sale business accounting for 20-25%
of Air Solutions business,
will grow impressively with
increase in population of
company’s
products.
Losses being incurred from
contract manufacturing of
drilling solutions business
for Atlas Copco (sold to
them 3 years back) will discontinue by December
2007. After hiving-off all
businesses other than Air
Solutions business, company now has surplus cash
of ~ Rs 600 crore, which
works out Rs 190 per share,
making valuation very attractive. Recently, the parent company acquired
Tranes Inc., a leading US
player in mobile air cooling system. However, as
this business has been hived
off to the parent company’s
100% subsidiary in India,
it is unlikely that IRIL will
get any benefit from this
acquisition.
Technical checklong term support at 200 levels
resistances at 371 above it
can test 462
Astromoneyguru says - Telecommunications, metal may lead the market
As per Financial astrology
16th week of year 2008
represents Ketu As per Financial astrology ketu is
very famous to bring highest volatility, confusions
and uncertainty
in world future
market. During
last week of
April 08 Sun
with mercury ,
Venus with his
Exaltation sign,
Jupiter in his
own sign, Mars
is seen by Jupiter
.
against Euro And GBP.
Stock Market- As per Astrotechnical calculations this
week is expected to open
with volatile but positive
movement. in world and In-
an early warning for traders
and short term investors.
Important sector watch Banking, Infrastructure,
Power, heavy engineering
Important
stock watch
O N G C ,
ESSAR OIL,
R COM ,
Sterlite ind
may be kept
under observations
Commodities
dian stock markets .this
positive movement may be
Crude Oil: As per stars
All these combinations and
crude oil is expected to
conjuncshow volatility
tions may
trend this week.
Nifty Level
s h o w
Crude oil resish i g h e s t Nifty Resistance levels (1) 5050
tance levels
(2) 5100
(3)5250
volatility
US$ 118 per
Nifty support levels:
(1) 4900
(2) 4780
(3) 4677
in world
barrel and supstock mar- Investors may trade in Nifty according to these levels
port levels USD
ket. Vola106 or 109 per
tility may
barrel in world
start from US stock market seen in European and US future market. Crude oil is
followed by European and stock market also, Banking, at very crucial stage of tradAsian stock market. As per Power, heavy engineering, ing , upward movement is
Financial astrology April Oil and gas, Telecommuni- expected in first two days at
2008 some positive move- cations, Pharma, infrastruc- the beginning of the week.
ment expected in Indian ture ,real state sector are
stock market then Month of looking attractive for day Bullions - As per financial
may 2008 may not be very trading for short term. No astrology Gold and silver
positive for short term trad- big Investment buying is and gold may show positive
ers or investors. As I have advised . volatility in Indian upward movement in world
written at various news pa- stock market is expected spot and future trading . durpers , magazines , web sites from 22-23 April 2008. As ing last 2 days some profit
and TV shows about up- per Astro-technical Indian booking at highest levels
ward movement in Indian and world stock market are also possible.
stock market and bullion may see some volatility in Metal- Aluminums, copper
and metal ( copper) in third middle of the week due to and Lead are expected to
week of APRIL 08 which influence of planets . There- show upward movement
has gone correct. Now This fore timely profit booking is during the week . Copper is
week is dedicated to bul- always advisable at every looking further strong anlion, metal and crude oil . higher levels. As per Astro- other 3% to 5 % gain in spot
Third week of April nifty technical April may be last and future trading is exhas shown positive break hope for Bulls in Indian pected.
out Nifty close above 4958. stock market, since Month
of May 2008 is expected to Agro-commodity - Gaur
which may like to continue show highest volatility in seed is expected to show
this week also. However In- Indian stock market, Heavy positive movement during
vestors need be careful downward corrections or this week.
from middle of the week in profit booking may be seen
stock market and US dollars In stock market. Expected Profit or Loss for You
are expected to show high- down ward corrections may
est volatility in world future be between 1200 to 1500 This week may bring fortrading . US dollars may points in Sensex. in Next tunes for Singh Rashi this
further correct downward months this may be consider is base on moon sign as per
Indian astrology.
20-4-2008 to 26-4-2008
9
GOOD
LONGTERM
BET
BIOCON
Biocon is India’s Largest biotechnology Company with Presence in
biopharmaceuticals, enzymes, Custom and Clinical research. It started
as an enzymes manufacturer and
leveraged its fermentation to
evolve into an integrated bio-pharmaceutical
Company
with
Strengths in microbial techniques,
manufacturing and Marking. The
Company has two Subsidiaries –
Syngene and Clinigene – which are
involved in Custom research and
Clinical research respectively.
These subsidiaries contribute over
16.5% to the total consolidated revenues.
Biocon’s topline growth was
healthy during FY07 led by its
biopharmaceutical and contract research businesses. Growth in the
biopharma business was driven by
the commencement of ‘Pravastatin’
and ‘Simvastatin’ supplies to the
US. The company also launched
‘BIOMb EGFR’ for the treatment
of head and neck cancers in the
domestic market. The contract research business grew at a healthy
double-digit pace on the back of
new contract signed during previous quarters. Growth in the enzymes business was attributed to
the easing of the capacity constraints faced in Fy06. The company continued to invest in its dis-
CROMPTON GREAVES
Crompton Greaves, part of the
Thapar Group, was incorporated in
1937. It is one of the largest players in India in the electrical equipment and engineering industry.
The company is mainly engaged
in the manufacture, distribution
and sale of electrical and electronic
equipment systems. The company
makes a wide range of transformers, switchgear, motors, lighting
products, fans, railwaysignaling
equipment, and undertakes turnkey engineering projects. The company is organized into three business groups viz. Power Systems,
Industrial Systems, Consumer
Products. In addition the company
also undertakes turnkey projects
from concept to commissioning.
Its manufacturing plants are spread
across Gujarat, Maharashtra, Goa,
BSE Code : 532523
Current Price : Rs. 447.60
Equity : 50.00 Crore
covery led programmes accounting
for the rise in R&D Spend. The
bottomline growth was relatively
slower due to the rise in depreciation charges and interest costs.
Going forward, despite the revenues from statins in the US markets, Biocon’s strategy to increasingly focus on insulin, immunosuppressants, branded formulations
and monoclonal antibodies in a bid
to reduce its dependence on statins
will stand it in good stead. Also, the
contract research business is expected to grow at a healthy pace.
However, the new segments in the
biopharma business would take
some time to significantly scale up.
Higher depreciation charges and
increased R&D spend are expected
to impact the performance in the
medium term.
Sales and NP for year ended 06 –
07 were 851.0Cr & 158.3Cr. Sales
and NP for latest Quarter 194.2 &
45.6Cr.
On YOY basis NP has increased by
19%.
Dividend during year ended 06 –
07 was 60%
One can buy this stock for an upside of 25 – 30 % in next 3 - 4
months.
BSE Code : 500093
Current Price : Rs. 258.30
Equity : 73.31 Crore
Madhya Pradesh and Karnataka.
Apart from the local markets CG
exports its products to countries,
which includes the Southeast Asian
and Latin American markets.
The electrical equipment sector is
in the growth phase with production of motors, generators and
power transformer recorded a
healthy rise. The industry looks attractive due to large expansion and
capex plans in power sector along
with the strong growth in infrastructure sector. The industry is also witnessing huge surge in the export
sale of motors and generators. The
present economic scenario and upcoming budget are expected to energize the sector with the companies in the sector are growing both
organically and inorganically
thereby lightening the future
growth of the sector. Therefore,
with the enormous potential for
growth in this sector, we are bullish on this sector in medium to long
term while betting on the company
like Crompton Greaves.
The company has tied up with
Dutch firm Lemnis Lighting for
launching LED lighting products.
The company alliance with the
Dutch firm will provide new state
of technology which will help the
company in strengthening its product line. • The company through its
100% subsidiary CG International
BV, Netherlands, has acquired 40%
stake in PT Pauwels Trafo Asia,
Indonesia, its joint venture partner.
This step of the company will provide it with the complete autonomy
in working and management. • The
company turnaround strategy be-
GREAT OFFSHORE
Great Offshore is India’s prominent
integrated offshore oilfield services
provider offering a broad spectrum
of services to upstream oil and gas
producers to carry out offshore exploration and production (E&P)
activities. From drilling services to
marine and air logistics, from marine construction to port/terminal
services and beyond, Great Offshore meets a wide gamut of the
offshore requirements of an E&P
operator.
Since commissioning its operations
in 1983, Great Offshore has serviced major E&P operators in India as well as in the international
waters of the North Sea, the Middle
East, South Africa and South East
Asia with its state-of-the-art vessels
that include exploratory rigs, offshore support vessels, anchor handling tug supply vessels and a con-
gins by gaining global presence
by acquiring companies that had
strong business expertise and were
cash – starved. The company is
expected to follow the same strategy in future by acquiring companies that are strategically fit and
which have potential to synergize
the company operations.
Sales and NP for year ended 06 –
07 were 3360Cr & 187.8Cr. Sales
and NP for latest Quarter 915.2Cr
& 67.9Cr.
On YOY basis NP has increased
by 12% & based on quarter latest
its increased by 49%
Dividend during year ended 06 –
07 was 70%
One can buy this stock for an upside of 25 – 30 % in next 3 - 4
months.
BSE Code : 532786
Current Price : Rs. 634.90
Equity : 23.82 Crore
struction barge. We also provide
port and terminal support services
through a fleet of harbour tugs.
Major Business
! Offshore Drilling Services
! Offshore Logistics Support Services
! Marine Construction Projects and
Services
! Port and Terminal Support Services
Sales and NP for year ended 06 –
07 were 107.4 Cr & 42.1 Cr. Sales
and NP for latest Quarter 26.6Cr
& 8.3Cr.
On YOY basis NP has increased
by 168 % & based on quarter latest its increased by 153 %
One can buy this stock for a upside of 30 – 40 % in next 4 – 6
months.
20-4-2008 to 26-4-2008
10
Buying Opportunities At Every
Decline Till April Futures End
Dear Investors of The Economic Revolution :
Just See What Happened to
Our first article written on
13.04.08 for week 14.04.08
To 18.04.08.....BSE Index
Target 2 of 16453 is
achieved ( Target 3 is 16339 and Sensex
hits 16570), Nifty future target 3 of 4998
almost achieved ( Nifty future high of
4985). In Stock Future rpl has almost
achieved target 2 of 198,Essar Oil has
almost achieved target 3,Cairn has
achieved target 1,Gail has achieved Target 1, Rel Energy has achieved target
3,Tata chemical has achieved target 2,
Educomp has achieved Target 3, Air
Deccan has achieved target 1,Central
Bank has achieved Target 1,Aptech has
achieved target 3. In Deliverybased Investment Recommendation Assam Co.
Hits high of 26.40,Hind Oil Hits high of
156.40, Hind.Copper Hits high of
324,Surya Pharma Hits high of 103,Aftek
Info Hits high of 56,Salzer Electro Hits
high of 90.90,ASCL Hits high of 45,Ho-
BSE Index Prediction for Week (21.04.08 To 25.04.08)
Index
BSE
Closing Price
16481.2
Support
16227
Stoploss
15958
Target 1
16673
Target 2
16947
Closing Price
4960.55
Support
4920
Stoploss
4868
Target 1 Target 2 Target 3
5037
5114
5157
Weekly Trading’s Hot Scripts for Week (21.04.08 To 25.04.08)
Sr.
No.
1
2
3
4
5
Company
Name
IFCI
Hind.Oil
BEML
CESC
Hotel Leela
Closing
Price
50
143
1041
444
45
Stoploss
Target 1
Target 2 Target 3
46
136
1014
431
41
54
153
1074
453
52
59
161
1104
465
59
63
169
1129
475
68
Now for coming week April futures are
on end, Be choosy and concentrate on
stock specific. Many stocks are in oversold zone, so when market is positive they
can be on fire.
Nifty Future’s Hot Scripts for Week (14.04.08 To 18.04.08)
Sr.No.
1
2
3
4
5
Company Name
RNRL
Air Deccan
R Com
Power Grid
LIC
Closing Price Stoploss
109
103
141
132
530
518
102
97
305
296
Target 1
118
154
545
107
313
Target 2
125
167
559
112
319
Target 3
133
176
568
117
327
For Delivery Based Investment Hot Midcaps/
Smallcaps for Week (21.04.08 To 25.04.08)
Target 3
17068
Nifty Future’s Prediction for Week (21.04.08 To 25.04.08)
Index
Nifty
tel Leela Hits high of 45,Global Vectra
Hits high of 107,Kachch Mineral Hits
high of 18.41,Jupitor Bio Hits high of
164.35. Our All Calls are on fireeeeeee
In this 3 days week......Hope that everybody will be benifited from this.
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Company
Bse
Name
Code
Surya Pharma 532516
Super Spinning 521180
ASCL
532853
Nutraplus Prod 524764
Ind.Lease
500202
Aftek Info
530707
Hind.Copper 513599
Salzer Electro. 517059
Assam Co.
500024
Tata Tele
532371
Chambal Fert 500085
DCB
532772
Zuari Ind.
500780
Tata Tele
590052
Jayshree Tea 509715
Closing
Price
100.50
15.54
280.00
11.00
7.55
53.70
324.00
90.90
25.90
33.80
70.00
109.35
273.35
194.80
133.00
Target 1 Target 2 Target 3
116
21
47
17
11
61
377
111
28
36
74
117
283
203
139
132
27
56
24
14
68
408
132
32
39
78
125
294
214
146
143
34
67
29
18
75
427
149
35
41
83
131
302
222
154
Don’t Be Greedy. Be Choosy In Picking Stocks. Take Profits Where U R Getting Till April Ends.
21st April shall be most decisive and deceptive…..FIIs to short sell and Pay margin!!
The week that begins from 21st April
2008 shall be a land mark beginning in the history of Indian Capital Market as perhaps for the first
time a bold step has been taken by
SEBI to ask FIIs to pay margin in
cash Market the very next day and
thus the cash available to play or
plough the market may witness
some setback or at least receive initial jerks. As such the surprise increase in CRR by 0.50% in two
stages beginning 26 th April 2008
may dampen the Banking shares as
it would such some liquidity from
the system by about Rs.18,500
crores, the Banking experts are divided on this view. Some say this
was expected and hence not a “surprise”, while some say this was not
warranted as the supply side is concerned and not the present structure
to boost inflation!! So this would
hurt market sentiments and may
bring the market down. Well one
could easily conclude that if both
the opinions are blended then it
would mean only one thing: “Market may not fall drastically but shall
also prevent from rising.”
But the solace does prevail as Friday closing in US Market shall definitely act as trigger point since the
results of Google, Microsoft and
Intel as well as Caterpillars are far
better than expected
and
hence it could
be safely concluded
that
Non-Banking
Financial Sectors’ growth
are not affected much by the so
called “Recessionary”
fear
in
American
economy!! That is why
Dow
Jones
and
NASDAQ both were
comfortably up and so the European Markets and this may trigger
higher openings on Monday 21 st
April in Asian Markets too! Thus
the market in India may experience
knee jerk reaction but soon regain
the lost ground and hence it would
be a wrong judgment to “Short
Sell” on Monday morning. Well the
only apprehension is the Government stance on Steel prices and any
move to ‘Regulate’ the prices of
steel or steel products and imposing ad valorem duty on iron ore
exports shall be
a negative news.
RBI in the past
has hiked the
CRR ahead of
its
quarterly
policy two or
three times and
unless a decision
to hike the reverse repo rate is
taken on 29 th
April 2008 the
market
shall
well absorb the shock of CRR hike.
In China the CRR is in double digit
and so the inflation. The inflation
is world wide phenomena and India cannot isolate itself from the global influence. But certainly the Government recent action shall cer-
tainly bring the inflation to a low
of 5 to 5.5 % in just two months
and if we desire the GDP at 8.5%
in 2008-09, inflation at 5% + or .050% should be an acceptable figure. But again the election in 8
states in 2008 and Loksabha election in May 2009 may not permit
the 5% formula to catch the Vote
Bank.
All said and done the past two
weeks certainly defied the global
movements and if we are now tired
of hearing sub prime crisis etc. time
has come to re look and revisit our
own economy and act according to
our consensus. On upper side the
immediate trigger is 16500 for
senses and on lower it may touch
14700 if we behave irrationally to
global cues or inflation. If 16500 is
crossed and sustained for two consecutive days the next target point
shall be 18000 plus minus 250
points. But if 14700 is broken then
we only to be blamed to get
strength to rumors that market may
bottom out at 12500!!
20-4-2008 to 26-4-2008
Madhav Ranade
(M) 09371002943 or
email :
sumamura@dataone.in
You have seen the trading
levels last few weeks and
how good they worked ……..
now I have given the levels
for a few stocks.
Position trading entry levels
as well as stoplosses should
be considered as triggered
when the level is consistently
breached for a minimum period of 15/20 minutes. Also
breaching of the level in the
opening / last 15 minutes of
trade should not be considered at all.
Stocks
Commodities
Trading levels for
21 st /25 th April
2008 . . .
Today, I have given levels for
8 stocks, 4 commodities and
5 important world indices.
This should give you some
indication about the shape of
things to come.
We have DOW closing above
12,800 on friday. This will
give some strength to our market but we have to look out
for a false break-out. CRR
hike is going to be a dampner
for our market but I still feel
that we may be atleast touch
5050 – nifty spot - in the
coming week even if we cant
close above that level.
11
WEEKLY SUPPORT AND RESISTANCE LEVELS
ANURAG GUPTA
MOBILE : 9255191643
SYMBOL
CLOSE
NF APRIL
4960.55
ADLAB FUTURE
689.45
ABB FUTURE
1149.95
ACC FUTURE
800.90
BANKBARODA FUTURE300.50
BEL FUTURE
1211.20
BEML FUTURE
1041.15
BHEL FUTURE
1782.30
BOMDYEING FUTURE827.15
BPCL FUTURE
401.35
CANBK FUTURE
235.50
CENTURYTEX FUTURE805.30
CIPLA FUTURE
222.30
DIVISLAB FUTURE 1387.05
DRREDDY FUTURE 607.05
GAIL FUTURE
446.20
GRASIM FUTURE 2578.95
HCLTECH FUTURE 267.50
HDFC FUTURE
2479.25
HDFCBANK FUTURE1382.20
HEROHONDA FUTURE734.75
HINDUNILVR FUTURE232.15
IDFC FUTURE
162.60
IDBI FUTURE
100.30
IFCI FUTURE
50.70
HINDPETRO FUTURE 251.35
I-FLEX FUTURE
1304.40
ICICIBANK FUTURE 836.80
INDIACEM FUTURE 180.50
INFOSYSTCH FUTURE1656.10
IOC FUTURE
454.15
ITC FUTURE
210.95
IVRCLINFRA FUTURE400.65
LT FUTURE
2782.10
M&M FUTURE
641.90
MARUTI FUTURE
759.10
MTNL FUTURE
105.65
NDTV FUTURE
412.20
ONGC FUTURE
1019.95
ORIENTBANK FUTURE192.20
PARSVNATH FUTURE213.60
PRAJIND FUTURE
152.70
PUNJLLOYD FUTURE341.05
PATNI FUTURE
277.85
RANBAXY FUTURE 480.90
REL FUTURE
1337.65
RELCAPITAL FUTURE1353.15
RELIANCE FUTURE 2641.90
SATYAMCOMP FUTURE470.75
SOBHA FUTURE
592.40
SBIN FUTURE
1684.30
TATAMOTORS FUTURE619.25
TATAPOWER FUTURE1294.40
TATATEA FUTURE 904.00
TCS FUTURE
1002.80
TATASTEEL FUTURE716.25
TITAN FUTURE
1112.20
UNITECH FUTURE 269.85
TATACOM FUTURE 484.15
WIPRO FUTURE
458.95
ZEEL FUTURE
216.35
FROM 21 Aprilh TO 26 April 2008
Email : anuraghsr@yahoo.com
TREND
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
RES2
5183.52
747.88
1239.32
835.40
312.83
1330.40
1098.32
1906.93
1053.05
424.78
251.27
894.10
232.10
1499.68
645.55
470.73
2702.32
297.30
2665.55
1470.53
765.45
256.32
175.87
107.63
56.63
257.52
1482.80
908.87
188.43
1842.70
477.72
218.78
427.15
2973.30
669.23
788.53
112.05
446.40
1083.85
203.73
231.47
165.97
362.52
306.75
529.90
1458.55
1469.72
2804.27
517.38
614.43
1774.63
649.08
1369.73
987.57
1098.23
746.08
1232.07
288.55
503.72
505.12
257.65
RES1 TREND LEVEL
5072.03
4873.52
718.67
675.78
1194.63
1133.32
818.15
804.75
306.67
296.83
1270.80
1175.40
1069.73
1023.37
1844.62
1801.08
940.10
771.75
413.07
400.28
243.38
231.72
849.70
785.40
227.20
218.80
1443.37
1410.68
626.30
605.65
458.47
448.73
2640.63
2548.32
282.40
254.00
2572.40
2436.85
1426.37
1345.83
750.10
732.55
244.23
235.42
169.23
159.12
103.97
97.88
53.67
48.23
254.43
249.72
1393.60
1235.80
872.83
816.97
184.47
181.03
1749.40
1584.70
465.93
455.72
214.87
208.08
413.90
394.60
2877.70
2789.40
655.57
631.33
773.82
750.03
108.85
103.50
429.30
414.90
1051.90
1017.95
197.97
187.23
222.53
209.07
159.33
147.72
351.78
337.52
292.30
264.65
505.40
474.45
1398.10
1323.55
1411.43
1321.72
2723.08
2606.82
494.07
461.53
603.42
593.78
1729.47
1679.73
634.17
620.08
1332.07
1277.03
945.78
882.87
1050.52
965.28
731.17
704.08
1172.13
1110.07
279.20
267.35
493.93
477.97
482.03
441.52
237.00
223.60
SUPP1
4762.03
646.57
1088.63
787.50
290.67
1115.80
994.78
1738.77
658.80
388.57
223.83
741.00
213.90
1354.37
586.40
436.47
2486.63
239.10
2343.70
1301.67
717.20
223.33
152.48
94.22
45.27
246.63
1146.60
780.93
177.07
1491.40
443.93
204.17
381.35
2693.80
617.67
735.32
100.30
397.80
986.00
181.47
200.13
141.08
326.78
250.20
449.95
1263.10
1263.43
2525.63
438.22
582.77
1634.57
605.17
1239.37
841.08
917.57
689.17
1050.13
258.00
468.18
418.43
202.95
SUPP2
4563.52
603.68
1027.32
774.10
280.83
1020.40
948.42
1695.23
490.45
375.78
212.17
676.70
205.50
1321.68
565.75
426.73
2394.32
210.70
2208.15
1221.13
699.65
214.52
142.37
88.13
39.83
241.92
988.80
725.07
173.63
1326.70
433.72
197.38
362.05
2605.50
593.43
711.53
94.95
383.40
952.05
170.73
186.67
129.47
312.52
222.55
419.00
1188.55
1173.72
2409.37
405.68
573.13
1584.83
591.08
1184.33
778.17
832.33
662.08
988.07
246.15
452.22
377.92
189.55
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
World indices
1. This model is based on the premise that the TREND LEVEL is the most important price level that
decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind,
the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply,
volatility and market sentiments prevailing in the market. Hence its importance in intraday trading.
2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally
High and Avoid SELLING if prices open too low.
3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the
resistant level (res1 and res2)
4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near
the support level (sup1 and sup2)
5. STOP LOSS: Since you are aware of the ‘potential returns’ at the time of initiating an intraday trade
(difference between the entry price and profit targets), you should set up an appropriate STOP LOSS
around 1% above below of the trade price to protect yourself if the market turns and goes against you.
6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a
stop loss level, and find during the course of the trading day that the market turns and goes the other way
and crosses the TREND LEVEL, then trade again:
.For
instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to
lower price levels, then GO SHORT.
.
And, if your first trade was a SHORT trade, and the market price rises through the TREND LEVEL to
higher price levels, then GO LONG.
20-4-2008 to 26-4-2008
12
INTRODUCTION :
Shri Antaryami is connected
with Stock Market since last
many years and giving right
guidance to many people
among the country and out
side the country also. He has
great experience and knowledge of the Stock Market and
he is counting as a leader analyst in Gujarat. He is connected with Stock Market research and it becomes his profession. Due to personal circumstances, he do not want to
share his introduction, but he
always remain well wisher of
small investors and thinks for
them and always catch the opportunity to guide them. It is
his pleasure to help and guide
small investors.
SENSEX –16481 as on
17.04.2008
Dear Friends,
Sensex has resistance at
16450 - 16609 Level with
highly Volatile Trend;
above which other resistance levels are at 16705 17100. In downside sup-
Sensex has resistance at 16450 –16609 Level
port levels are at 16200 15957 levels; below 15807
level, other support levels
are at 15650 - 15500 levels. I am positive for next
week above 16705 level but
be with the trend. Let the
market decide further
moves. As we are saying
from many days Buying is
suggested in falls only...
and its still a better strategy
in
the
given
scenario...Regarding long
term positions, it is
preferable to remain
cautious now...!! If
sensex crosses 17100
Level, again then the
upper side target is
quite high and it may
touch 17800 Level before
APRIL
2008….!!!
One can go for buy at
those levels also, but
in absence of that its
DIAMOND STOCKS FOR THE WEEK
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
IFCI : ( 50.45 ) : Buy at Rs 48 levels considering minor support of Rs 46.50 and stoploss
of Rs 45 for an upper target of Rs 53-57 levels. Below Rs. 45 it can slide upto RS 43 and
RS 41 levels.
ISPAT IND : ( 33 ) : Operator based buying has been there in this stock. It is suggested to
buy at RS 31 with SL of RS 30.10 for the target of Rs 33.50-37 below RS 31 it can fall
up to RS 30-28 levels. If it crosses Rs 37 level than expect non stop rally up to Rs 41.
ORCHID CHEMICAL : ( 280 ) : This FARMASUTICAL stock is looking very good to
buy at Rs 260 with SL of RS 230 for the target of RS 291 – 308 levels below Rs. 230
stock shall witness free fall.
VST TERMINAL : ( 151 ) : Buy delivery of this stock at current levels with SL of Rs
156 for the target of Rs 1528 – 161 level. It is very good for long term position also.
IDFC : ( 151) : Buy at Rs 158 with SL of Rs 153 for the target of Rs 163 – 170 levels
below Rs. 153 it can show further fall.
SATYAM : ( 468 ) : Technically accumulation in this stock has been at these levels.
Buy at Rs 460 with SL of RS 432 for the target of RS 470 – 478 levels. It is very good for
short to medium term.
GMR INFRA : ( 151 ) : Buy at Rs 148 With SL of RS 141 for the target of RS 153 – 160
level. It is very good for medium to long term investment.
CIPLA : ( 221 ) : Buy at Rs 215 with SL of Rs 205 for the target of RS 223 – 235
levels. It is very good for medium to long term investment.
MRPL : ( 97 ) : Buy at Rs 94 with SL of RS 85 for the target of RS 98 – 105 levels . It is
very good for medium to long term investment.
LIBERTY SHOOES ( 101 ) : Buy delivery of this stock at current levels with SL of Rs
96 for the target of Rs 102 – 109 level. It is very good for long term position also.
which other resistance levels are at 5205 - 5325 Level
with highly Volatile Trend,
In Downside support levels
are at 4945 - 4800 Levels;
below 4925 level, other
support levels are at 4900 4800 levels. I am positive
for next week above 5325
Level but be with the trend.
Let the market decide further moves.
time to book profits. This is
a pessimistic outlook but
that’s the way we tend to
be, in this market.
NIFTY FO – 4960 as on
17.4.2008
NIFTY FO has resistance at
4999 – 5025 Level ; above
Regarding long term
positions, it is preferable
to remain cautious now...!!
If NIFTY crosses 5325
Level, again then the
upper side target is quite
high and it may touch
5400 Level before APRIL
– 2008...!!! Here is given
Some DIAMOND
STOCKS for the week
FUTURE-PLATINUM
1
2
3
4
5
REL.COMMUNICATION : ( 530 ) : Buy at Rs 531 with
SL of RS 518 for the target of RS 541 – 555 level below Rs.
518 it can show further downfall.
RNRL : ( 109 ) : Buy at Rs 105 With SL of RS 102 for the
target of RS 114 – 121 level below Rs.102 it can show
further downfall up to Rs 98.
LANCO INTRA : ( 481 ) : Buy at Rs 475 with SL of RS
460 for the target of RS 492 – 512 levels below Rs. 460 it
can show further downfall up to RS 440.
ISPAT : ( 33 ) : Buy at Rs 31 with SL of RS 30 for the target
of RS 35 – 37 levels below Rs. 30 it can show further
downfall up to Rs. 28.
TTML : ( 34 ) : Buy at Rs 33 with SL of RS 31 for the
target of RS 34.50 – 37 levels below Rs.31 it can show
further downfall.
SMALL SAVING STARS
1. NAGARJUN FARTILISER : ( 46 ) : Buy at Rs 44 with SL
of RS 42 for the target of RS. 48 – 51.
2. J.G.PETRO : ( 63 ) : It is suggested to buy with SL of RS 58
for the target of RS. 66 – 70 below at RS 58 it can slip up to
RS 56 – 54 level. Crossover above Rs.75 level will take
the stock to Rs. 90.
3. VIJYA BANK : ( 54 ) : Buy at Rs 52 with SL of RS 48 for
the target of Rs. 55 – 58 levels below Rs. 48 it can show
further downfall.
4. R.S.SOFTWARE : ( 32 ) : Buy at Rs 30 with SL of RS 28
for the target of Rs 34 – 38 levels . It is very good for long
term position also.
5. E.L.FORGE : ( 59 ) : Buy at Rs 55 with SL of RS 53 for the
target of Rs 60 – 75 levels below Rs. 49 it can show further
fall.
BUY NIFTY FO @ 4950 SL 4800 TGT @ 5200 BEFORE APRIL 2008