Overnite Nifty profit of around 29000
Mor v invited our executive friends very rare v disturb them, They r very busy in abroad trip.
(ofcourse u tooo know that by reading performance sheet daily)
V told them to buy herohonda, they commented vr jet, inititating to buy a motor company,
This motor co., will fly like Rocket in mkt result all know wht happen.
Immed buy herohonda at opening from 655 a profit of around 24k.
Kotak Bank a tgt achieved a profit of 11000/-
Cairn told to exit at cost price.
Overnite for long term player to take reliance infra for delivery.
No Tension, No BP, No Loss also, Only Profit Cheque from ur broker.
Yahoo messenger : Rajesh export achieved 58 call given at 53 on friday.
When market in carnage v told to buy reliance capital around 950 no sl, it will reach 1100 in july.
Ask (o)ur msg;r friends. Enjoy cake walk in mkt with us always.In just 10days a return of 15%.
.
Call As On
Script
*Buy *Sell
EP
AEP
SL
Remarks
7/4/2008 Brigade 111.00 160.00 100.00
6/26/2008 RNRL 78.50 110.00 73.00
6/19/2008 Rel capital 1096.00 1400.00 1040.00
6/19/2008 SAIL 160.00 225.00 150.00
6/19/2008 SBI 1300.00 1600.00 1270.00
6/19/2008 RPL 180.50 225.00 173.00
6/19/2008 Bombay Dyeing 718.00 900.00 690.00
6/19/2008 century textiles 600..00 840.00 579.00
6/19/2008 Nifty 4497.00 4730.00 4470.00
DAILY TRADING CALLS
Overview
The Most Recommended Stock Is In Stock Of The Day Section.
Buy If Breaks- Best To Trade When Stock Starts Trading Above From Recommended Price.
Selling Expecting Once SENSEX Starts Trading Below 13476. Till Then Be Stock Specific Only.
Market Indicators
Stock Current Status Major Support Major Resistance
BSE-SENSEX DOWN 13500, 11400, 9400 16400, 17800, 18700
NSE-NIFTY DOWN 4150, 3520, 2900 4880, 5370, 5610
Stock Of The Day (Best Buy)
Stock Buy Around Target 1 Target 2 Stop Loss
APTECH LTD IF BREAKS 208 214 218 205
Stock Of The Day (Best Sell)
AXIS BANK IF BREAKS 590 574 565 600
BANK OF INDIA IF BREAKS 233.50 226 223 237
GLENMARK PHARMA IF BREAKS 600 587 580 607
INDIA BULLS IF BREAKS 232.50 225 222 236.50
KOTAK MAHINDRA IF BREAKS 455 445 440 461
NATIONAL ALUM IF BREAKS 343 330 325 349
PNB IF BREAKS 380 370 365 385
RELIANCE PETRO IF BREAKS 165 160 158 168
High Risk Buys
Stock Buy Around Target 1 Target 2 Stop Loss
. . . . .
High Risk Sells
Stock Sell Around Target 1 Target 2 Stop Loss
BAJAJ HINDUSTAN 170 158 155 173
TRENDSignals
Date
ScripCode
Scrip
Type
Equity Price
Approx Holding Period
Target Price
(in Rs.)
Remarks
7/4/2008 500051 Bhagwati Gas H R H R 11.85 12 Month 80.00
6/19/2008 500040 Century textiles S F 600.00 12 Month 1500.00
6/16/2008 530843 Cupid Ltd H R H R 19.00 12 Month 50.00
6/13/2008 531626 Silversmith Ltd H R H R 58.40 12 Month 110.00
6/12/2008 Unitech S F 176.00 12 Month 400.00
6/6/2008 532727 Adhunik Metals V P 168.00 12 Month 300.00
6/6/2008 506690 Unichem Lab S F 142.00 12 Month 300.00
5/30/2008 526861 Rishi Laser V P 82.00 12 Month 500.00
5/29/2008 532507 Bag Films V P 44.50 12 Month 175.00
5/29/2008 Kernex Micro S F 155.00 12 Month 550.00
5/28/2008 522004 Batliboi Engg S F 47.40 12 Month 250.00
5/27/2008 532287 Entegra H R H R 34.00 12 Month 350.00
5/26/2008 503310 Swan Mills V P 56.00 12 Month 375
5/23/2008 500301 NEPC Micon H R H R 19.00 12 Month 100.00
5/23/2008 Trigyn Technology S F 30.00 12 Month 300.00
5/22/2008 500357 Rama Paper H R H R 23.50 3 Month 60.00
5/22/2008 590063 Duncan Ind H R H R 15.00 3 Month 150.00
5/22/2008 505160 Talbros Auto V P 58.00 12 Month 250.00
Bull Run intact....
Tuesday, July 08, 2008
Market has all the ingredients to explode in coming days. Political as well as N Deal issue is by and large settled. This could give large upper hand to ADAG gr because of his proximity to the SP leaders. ADAG group would be able to get lot of value from the new alliance.
Meanwhile bears have started cutting their short. However the major driver in July could the the Q1 results which in my opinion will be again stunning. Esepcillay RIL SBI and Reliance Capital will surprise the street.
My call is that Nifty will recover smartly in next 2 months to 4900 plus but not before creating volatility at 4325 and 4670. These 2 figures are derived from techncial whereas our call is still long term and fundamental.
I do not want to boost the calls which we have selected but one thing is certain that we do not select any call without some fundamental in the said call. That is the reason the stock like Reliance Capital or Brigade are rising even after immediate knee jerk reactions. IDFC was a star perfromer. Century Textiles will explode in next 2 quarters one for very good nos in Q1 ahead of its contruction plan in last week of July. This improve the top line in next 3 quarters also. RPL has trigger of commercial production.
Sharp India, MSP and Jeyswal will do well in next 2 to 30 quarters. Ib Sharp India there will be an open offer sooner than later from Sharp Japan which will at not less than Rs 65 which means upside of 200%. Jeyswal stock limit of 10% has done wonders for the stock.
VFM
We are holding 3800 puts.
Today markets remained rangebound within the trading range of last week. Last weeks high was 4107 and while markets did cross this intraday, it could not hold above this.
Interestingly, call options were in losses today even though markets were up 1.5% up at one time. This could be due to heavy call writing effectively limiting the upsides for the day/ short term.
Since markets are rangebound, there is nothing much one can do. We wait for a breakout and then trade accordingly.
Note that any upside breakout would still qualify as a technical bounce or pullback. This will also mean a loss on 3800 put option position.
PSL-Poor Delivery Of Financials
BSE 526801; CMP Rs 310.30
-The corporate over-promises and under-delivers.
-Facing Strong input cost pressures of Steel and Zinc..
-Operating at less than 50 per cent capacity and adding more capacities in the UAE, USA and China.
-Another Equity dilution linked to a $ 100 mn placement is likely.
-At 15x times FY08 earnings PSL is the most expensive pipeline producer, carrying a PE double of its competitors Welspun, Maharashtra Seamless and Jindal Saw.
Topline growth above expectation, but bottmline does not match up
PSL reported a consolidated topline of Rs 22483 mn with y-o-y growth of 40.5% during FY08. The topline grew primarily on account of above expected production and sales volume in tonnage terms. During the year, the company reported sales volume of 410,000 tonnes as against an estimated level of 350,000 tonnes. During the year 75 per cent of the Revenue was contributed by and Oil and Gas segments and 25 per cent by Water pipes. This mix should change over time.
Inspite of volume growth, realization per tonnne during the year turned out to be below expectations.
FY08 PBDIT margins below expectations
During FY08, the consolidated PBDIT of the company grew by 29.6% to Rs 607.5 mn. The consolidated PBDIT margin declined by 90 basis points on year on year basis to 10.54% due to higher raw material price as a percentage of net sales. The consolidated PBDIT margin was below an estimated level of 12.3%. This trend is likely to sustain in FY09 as the commodity prices show no signs of cooling.
Bottomline below expectation
During FY08, the consolidated bottomline of the company was at Rs 844.9 mn (with y-o-y growth of 29.5%) as against Rs 1021 mn (with 49.5% y-o-y growth) estimated. The consolidated PAT margin during the year was at 3.76% with 32 bps decline on y-o-y basis. With this, the company reported EPS of Rs 19.8 giving the scrip a PE of 16 on FY08 numbers.
The company does boast of a strong order book, but there are chances of adverse currency and input cost movements over the next 12 months against the company. Considering that there is always a mis-match between contracted period of supply and input costs, PSL actually report a further compression in net margins and an ensuing compression in PE multiples.
It might be better to switch to other pipe producers like Welspun Gujarat, which by virtue of having its own Steel plates plant is secure on the input costs front compared to PSL.
(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)
We do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report."
* NIFTY/ SENSEX !
Nifty - Continues to remain Locked between 4115/3925 - Watch for Breakout
Continue to Be Scrip & Sector Specific - Many Bearish Targets not Achieved Yet
* RPL !
Bearish breakout in hourly charts-Likely to go below 160 in couple of sessions
* RENUKA SUGAR !
Bearish indications in intra day charts-Likely to go below 107 in near term
* JP ASSOCIATES !
Highly overbought in EST charts-Corrective decline to 152-153 likely
* R COMM. !
Short term indicators in favor of decline to 405-407/Use technical recovery towards 430 for profit booking
* SUZLON ENERGY !
All set to go below 175 in near term-Book profit on every rise
* CAIRN INDIA !
Bearish in short term charts-Likely to go below 200 in near future
* ICICI BANK !
Bearish in EST charts-Likely to go below 585 & 575 in near term
* HDIL !
Overbought in EST charts-Corrective decline to 401-402 likely
* HCC !
EST indicators in favor of decline to 82-82.5/Book profit on pullback move
* ANSAL INFRA !
EST charts in favor of decline to 83-84/Book part profit to re-enter at lower levels
* SATYAM COMPUTER !
Target of 490 maintained-Use declines to 475 for freah buying with SL
* IBSEC !
Bearish indications in EST charts-Likely to go below 60 in coming sessions
* POLARIS SOFTWARE !
Mildly bearish -Likely to go below 73 in couple of sessions
* STERLITE INDS. !
On verge of bearish breakout-Likely to go below 585 in near term
* IVRCL INFRA !
Short term indicators favor decline to 305-Book profit on every rise
* MARUTI !
Bearish pattern in making-Another close below 570 may wipe off Rs.20/- in few hours
* ROLTA INDIA !
Intra day bullish targets achieved-Charts favor decline to 260
* BATA INDIA !
Extremely overbought-Corrective decline to 152 likely
* BAJAJ FINANCE !
EST indicators decline to 501-502/Book profit on technical rallies
* HPCL !
Overbought in EST chart-Corrective decline to 185-186 likely
Bullish breakout in EST charts-Likely to go below 120 in near future
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