Intraday calls

[n_arvind2000]

Nifty Technical View

- > After a non stop run from 5350 to 5950 it was expected that markets should correct but it went all the way to the trend line.

- > The breakout happened around the 5600-5650 mark so that now becomes an important base for the next few weeks.

-> For the near term the support is at 5750 which is the trend line in blue and any further crack can take it to 5650.

- > A dip closer to 5650 could be again a re-entry point for stock specific or a bounce back trade.

We may expect the nifty range to be 5650-5950 but the action would largely be in the broader market. :thumb:

 

[n_arvind2000]

Nifty Technical View:

Nifty Bounces Back FIIs not buyers Short Covering?

In the last post had mentioned Nifty headed to 5750-5650. We were expecting support around 5750. Although market did touch 5735 in the morning trade but it zoomed back sharply above 5900.

The trendline resistance should now be broken out and index may ideally head to 6050-6100 levels. The FII figures ( not a great believer of that data) were not at all positive. Is it possibly short covering? if that is the case crossing 5950 would lead to further panic covering to 6050-6100.

The move is a bit over stretched but may stall around 6050-6100 or a maximum of 6180. Index traders may look to review at 6100 and how market reacts around that point. :thumb:

Strong bounce in Gitanjali Gems today! :clap: :clapping: hope we breach 300 this time.

Infosys near its pivotal point..of 3060...below which it can slide further to 3017-2985-2950......IT sector would be in cross roads in the coming days....

 

[n_arvind2000]

Nifty Technical View:

Nifty Bounces Back FIIs not buyers Short Covering?

In the last post had mentioned Nifty headed to 5750-5650. We were expecting support around 5750. Although market did touch 5735 in the morning trade but it zoomed back sharply above 5900.

The trendline resistance should now be broken out and index may ideally head to 6050-6100 levels. The FII figures ( not a great believer of that data) were not at all positive. Is it possibly short covering? if that is the case crossing 5950 would lead to further panic covering to 6050-6100.

The move is a bit over stretched but may stall around 6050-6100 or a maximum of 6180. Index traders may look to review at 6100 and how market reacts around that point. :thumb:

Strong bounce in Gitanjali Gems today! :clap: :clapping: hope we breach 300 this time.

Infosys near its pivotal point..of 3060...below which it can slide further to 3017-2985-2950......IT sector would be in cross roads in the coming days....

Infosys hits 2980 :clap: :thumb:
BTST/Positional: Hold Gitanjali Gems

 

[n_arvind2000]

Find calm amid the chaos


What is needed is a mid-course, where one is calm, but equally resolute. For this to happen, one needs to become confident of one's abilities.

Dr Rajesh Goyal, consultant, psychiatrist, Dr B L Kapur Memorial Hospital, New Delhi, says, "Since our childhood, we are conditioned to remain calm and handle things. Even if one is feeling bad about something, he is supposed to keep his cool. Gradually, things start accumulating in the mind, building stress, making the person anxious."

Don't let the situation reach to the point of eruption, and instead of creating chaos, communicate firmly and make your discomfort known. "Don't block the sewage system of your body, else it will stink," warns Dr Goyal. Dr Nirmala Rao, Mumbai-based psychiatrist advises, "One should pause to think through a situation." No doubt, we live in a pressure cooker environment. Some degree of stress is a part of life. To reduce it, one needs to finds the cause.

Dr Shyam V Pillai, of Birla Kerala Vaidyashala, says, "True health is based on the healthy functioning of five planes of life — physical, mental, spiritual, career and relationships. Our work should be meaningful or purposeful. If we work in meaningless environs, it can create mental and physical disorders. When a person is physically and mentally healthy, he can enjoy a healthy relationship."

Be calm, but resolute

Focus on changing the things you can and adapt to the things you cannot. Relaxation, humour and power of friendships are the best means of handling the stress storms of day-to-day life.

You cannot eliminate all the pressures in your life, but can learn to deal with it effectively. Stop thinking of stress as something that just happens to you. Instead, take charge and turn it into a positive force.

Make your physical surroundings perfectly tranquil. You'll be happy and productive.

 

[n_arvind2000]

INFOSYS TECHNOLOGIES - ICICI SECURITIES

Rating matrix
Rating : Strong Buy
Target : 3350
Target Period : 12 months
Potential Upside : 15%

Upgrading to Strong Buy on tempered expectation

Infosys Q4FY11 numbers missed estimates but what surprised was the
too conservative FY12 EPS guidance. Though 18-20% US$ revenue
growth was ahead of our 16.5-18.5% initial guidance estimate, rupee
EPS guidance of | 126.1-128.2, missed our conservative | 135-137
estimate. Though it is customary for Infosys to guide low and
outperform, a 10% decline in the stock was led in part by heightened
street expectations (FY12E EPS of | 150) and weak guidance. However,
we believe FY12E guidance assumptions need detailed scrutiny (refer
first highlight). Consequently, though we have lowered our FY12E and
introduced FY13E estimates, we have changed our rating to STRONG
BUY (HOLD earlier) as a further decline in the stock provides attractive
entry points.

Valuation:
We are adjusting our FY12E estimates and introducing our FY13E
estimates. Our estimates assume 18%/13.5% CAGR rupee revenue/EPS
growth during FY10-FY13E. We have valued Infosys at 20.9x its FY13E
EPS of | 160, a discount relative to its historical one year average forward
PE of 22x, to account for the longer time horizon. Consequently, we have
changed our rating to STRONG BUY with a 12 month target price of |
3350 per share.

 

[n_arvind2000]

BULK DEAL: GITANJALI GEMS

Bulk Deal: 1.75 lakhs shares of GITANJALI traded on BSE, at Rs.270.80. Total deal value : Rs.4.73 crores

 

[n_arvind2000]

Gitanjali Group expects Rs 1,000-crore business from Wedding Carnival

21 Apr, 2011,
MUMBAI: Leading jewellery brand Gitanjali Group today said it is expecting 43 per cent jump in sales at Rs 1,000 crore compared to last year from its ongoing annual promotional event.

'The Great Indian Wedding Carnival' is an annual promotional event organised by the Group to give "great value to the consumers".

"We did Rs 700-crore business from the event last year," Gitanjali Group Managing Director Mehul Choksi told PTI here.

In its third year, the carnival began on April 8 and will go on till May 15, he said, adding this is a mega shopping festival coinciding with the marriage season.

"We have introduced 800 new designs for this year's event and expect it will benefit both our top line as well as our bottom line," he said.

The festival offers jewellery consumers an additional free jewellery and the chance to win an attractive array of free gifts and prizes apart from discounts on making charges, Choksi said.

Gitanjali Group, which recently acquired four Italian brands, is in talks with a few more for acquisition. "We are looking at a few more Italian brands and when something suits us, we will definitely go for acquisition," he added.

In the domestic market, the company is planning to introduce four new brands in the next 2-3 months, he said.

"We are planning to introduce two more Gili brands, one emerald and diamond brand. We are also planning to launch G brand at entry level, in which the products will be low cost ranging from Rs 5,000-15,000 per piece," Choksi said.

Note:- GITANJALI GEMS positive to cross 325-345/- in 4-5 trading days.. follow appropriate SL

 

[n_arvind2000]

Nifty Technical View:

The view remains the same as before. Watch for a clean move above 5950 for a breakout trade to 6050-6100.

Stock Ideas:

Buy and Hold AXIS BANK 1340 TARGET 1387-1425-1461-1490 SL 1315 :thumb:

Gati may soon announce a stake sale in coming few days.

Tea Stocks may again show momentum Mcleod Russel can do 300 in short term

Alok Inds continues to look good to buy for short term. Also textiles as a sector is interesting fundamentally as per smart investors.

NESCO is an interesting value play. Warrants a deeper study with increasing volumes.

Chemplast Sanmar is an interesting bet according to smart circles and some turnaround.

Titan has been a steady out performer and waiting for good results.

Gitanjali set to cross 300 and above in the coming days

 

[msa5678]

Nifty Technical View:

The view remains the same as before. Watch for a clean move above 5950 for a breakout trade to 6050-6100.

Stock Ideas:

Buy and Hold AXIS BANK 1340 TARGET 1387-1425-1461-1490 SL 1315 :thumb:

Gati may soon announce a stake sale in coming few days.

Tea Stocks may again show momentum Mcleod Russel can do 300 in short term

Alok Inds continues to look good to buy for short term. Also textiles as a sector is interesting fundamentally as per smart investors.

NESCO is an interesting value play. Warrants a deeper study with increasing volumes.

Chemplast Sanmar is an interesting bet according to smart circles and some turnaround.

Titan has been a steady out performer and waiting for good results.

Gitanjali set to cross 300 and above in the coming days

Dear n_arvind,

The AXIS BANK rates mentioned by u
in the post, Are they Spot Values ?
And also for all your suggestions the Values
are Spot Values ?

Please clarify.

With Regards,

 

[n_arvind2000]

Dear n_arvind,

The AXIS BANK rates mentioned by u
in the post, Are they Spot Values ?
And also for all your suggestions the Values
are Spot Values ?

Please clarify.

With Regards,

Yes. Its nifty spot values