Intraday calls

[n_arvind2000]

In the last few weeks we have been bombarded with rumours of all sorts. Every business channel, Blackberry messenger, Yahoo or any modes of communication is full of rumours.
Even more interesting is the part of how creatively the rumours are designed on exciting words as described in the heading.

Some of them are as follows

Delisting Candidates - Timken India, Foseco, BASF , Novartis, Monsanto, Blue Star, Elantas, Timex and so on ..

Land Sale Raymond , Premier Ltd

Takeover First Leasing , FSL , 3i infotech, India Infoline , FSL, Bata

Stake Sale - Karnataka Bank , First Leasing

Delisting / BuyBack Foseco, Monsanto , Timken, Basf , Amrutanjan Timex

Acquisition Biocon, Vimta Labs, Lloyd Steel

Stock price movements post rumours Timken 247 high to 224, Frsensius Kabi 145 to 129 , First Leasing 115 to 98 and so on the stocks did jump 5-10% but end up losing more then it.

Well the number of unconfirmed rumours ( as mentioned by TV channels ) has just increased immensely over the last few weeks.

What is more surprising is where does this rumors come to Business Channels and if its coming why are they flashing on the screen without confirming ???

Well i smell something seriously wrong and somebody benefiting from it !!The reason is all the stocks do jump up sharply in the day on the buzz but end up losing 10% over the next few sessions and head back much lower also.
Is this a ploy to trap or fraud traders/investors and participants who jump on any rumors as well as an opportunity for certain people to dump some holdings or profit from the unusual liquidity created.
Earlier such a trend of rumors were done by sending bulk SMS, e-mails for dumping small caps but the current modus operandi is seriously concerning.

The market has not been doing much so it seems market makers are finding ways to create false liquidity and profit from it . Also in such stuff the results are very very quick as the game is done in 2-5 sessions.

Also with the lull in viewership it seems Business channels are trying to use every ploy to out do each other in being the first one to flash the rumors. If this continues there wont be much difference between Business Channels and Cartoon Network.

 

[n_arvind2000]

TITAN TECHNICALS

Titan trend is in the upside and would be bullish in the coming days ahead!
7 day RSI around 80 and 14 day RSI @ 65

S 2 S 1 Pivot R 1 R 2
4188.65 4235.10 4271.50 4317.95 4354.30

Resistance around 4315 and 4350 levels.....once crossing these levels with good volumes we can see 4415-4540-4775-4900 keep SL 4200

Till Bonus time .................. 5000/- is not so far!!!!! :clap: :clapping:

Titan today non-stop!!!!!!!!!!!!!!! 4609 high :clap: :thumb: :clapping: Can we expect another 10-15% upside more.... in the coming days ??????????

 

[blogospheres]

You really follow Nooresh...don't you?!

http://www.nooreshtech.co.in/2011/0...y-textiles-fsl-timken-karnataka-bank-ind.html

In the last few weeks we have been bombarded with rumours of all sorts. Every business channel, Blackberry messenger, Yahoo or any modes of communication is full of rumours.
Even more interesting is the part of how creatively the rumours are designed on exciting words as described in the heading.

Some of them are as follows

Delisting Candidates - Timken India, Foseco, BASF , Novartis, Monsanto, Blue Star, Elantas, Timex and so on ..

Land Sale Raymond , Premier Ltd

Takeover First Leasing , FSL , 3i infotech, India Infoline , FSL, Bata

Stake Sale - Karnataka Bank , First Leasing

Delisting / BuyBack Foseco, Monsanto , Timken, Basf , Amrutanjan Timex

Acquisition Biocon, Vimta Labs, Lloyd Steel

Stock price movements post rumours Timken 247 high to 224, Frsensius Kabi 145 to 129 , First Leasing 115 to 98 and so on the stocks did jump 5-10% but end up losing more then it.

Well the number of unconfirmed rumours ( as mentioned by TV channels ) has just increased immensely over the last few weeks.

What is more surprising is where does this rumors come to Business Channels and if its coming why are they flashing on the screen without confirming ???

Well i smell something seriously wrong and somebody benefiting from it !!The reason is all the stocks do jump up sharply in the day on the buzz but end up losing 10% over the next few sessions and head back much lower also.
Is this a ploy to trap or fraud traders/investors and participants who jump on any rumors as well as an opportunity for certain people to dump some holdings or profit from the unusual liquidity created.
Earlier such a trend of rumors were done by sending bulk SMS, e-mails for dumping small caps but the current modus operandi is seriously concerning.

The market has not been doing much so it seems market makers are finding ways to create false liquidity and profit from it . Also in such stuff the results are very very quick as the game is done in 2-5 sessions.

Also with the lull in viewership it seems Business channels are trying to use every ploy to out do each other in being the first one to flash the rumors. If this continues there wont be much difference between Business Channels and Cartoon Network.

 

[n_arvind2000]

There seems to be a bout of capitulation and panic in the market and we are reaching our crucial band of supports at 17000-17300.

If Sensex breaks 17000 levels it could lead to more panic but a bottom closer to 17300 if holds will see sharp reversal.

Best Strategy to go for is look for stocks with deep values where there is good margin of safety.....


Titan as expected moving higher with Bonus/Split news.....

Sbin looking weak..... can go for 2150/2133/2119 levels.....on the lower side.......

 

[n_arvind2000]

Gitanjali Gems - STOCK TECHNICALS:

Gitanjali Gems is in Bullish zone and trend line is 'UP' for 5 day SWING TRADE

Also RSI indicates UPSIDE in the coming days............:clapping:

- 5 day RSI: 72
- 14 day RSI: 57
- Volume: 1713000 .... 20 day av vol: 1422000

S 2 S 1 Pivot R 1 R 2
290.05 296.45 300.40 306.75 310.70

Resistance around 306-310 seen. Once close above resistance can hit higher levels :clap: :thumb:
Once closing above 310 (R2) can take past 335-359 levels......keep sl 285

This week, Rajesh Agarwal of Eastern Financiers, Ashish Tater from Fort Share Broking and VVLN Sastry of Firstcall India equity battle it out for top honours.

Below are their top stock picks for the day:

Rajesh Agarwal of Eastern Financiers

Buy India Glycol
Buy Gitanjali Gems
Buy Lovable Lingerie
Hanung Toys has target of Rs 162


Ashish Tater, Fort Share Broking

Short GTL
Buy Alstom Projects
Buy Pratibha Ind
Buy Gitanjali Gems


VVLN Sastry, Firstcall India Equity

Alstom Projects has target of Rs 550
Gitanjali Gems has target of Rs 335
RCF has target of Rs 90
Aditya Birla Chemicals can test Rs 135
Advanta India has target of Rs 285

Gitanjali Gems has target of Rs 320: Diwan
Diwan told CNBC-TV18, “Gitanjali Gems has shown some sort of a positive price action, but not to the extent it deserves to. So I would like to continue with Gitanjali at a target price of Rs 320 and stop of Rs 285. So it continues at the same levels.”

 

[n_arvind2000]

TITAN Industries' Tanishq spreads the glitter
Debasis Mohapatra / July 01, 2011, 0:45 IST

Titans jewellery brand is scaling up fast to maintain its leadership in the organised segment.

Baby care room, childrens play area, mens lounge Tata Groups jewellery brand Tanishq seems to be pulling out all the stops to spread the glitter. The 1,200 sq ft boutique, launched in Pune in June, also provides skilled jewellery consultants to help customers choose what is best for them.

he Pune store is the companys third large-format store after Chennai and Mumbai, and is a part of its efforts to provide a one-stop destination for all price points. Tanishq plans to open 15-20 new stores, including five large ones, taking the total count to 140 across 76 cities by this financial year.

That will make Tanishq the largest organised sector player in the over Rs 80,000 crore jewellery market.

There are enough reasons why Titan Industries, the parent of Tanishq, is expanding fast. The brand now faces competitors with very deep pockets. And it is not Reliance Retail alone, which has opened jewellery stores across major malls. Several local ones have also come up fast with super-large stores that deliver better returns. So the need is to scale up quickly.

For Titan, there is a lot at stake. Tanishq brought in 75 per cent of Titans over Rs 5,000 crore revenue in the last financial year. Operating profit from the vertical was Rs 429 crore, which is around 78 per cent of Titans total operating profit. The diamond jewellery business alone grew 45 per cent in value terms last year.

Thats a long distance from a time when the Tatas were even contemplating closing down Tanishq, as it was losing money heavily.

Titans new focus is the diamond jewellery segment, which accounts for nearly a third of the total jewellery business. The balance comes from gold products. We want to improve this ratio to 40 per cent in the next three to four years, C K Venkataraman, chief operating officer, Jewellery, Titan Industries, says, adding the operating profit margin from diamond jewellery is much higher than from gold ones.

The first step to achieve this was taken in April this year when Tanishq roped in Bollywoods leading couple Amitabh and Jaya Bachchan to endorse its diamond range. The campaign mainly aimed at educating and spreading awareness among consumers about how to assess the purity of diamonds. The focus was on the 4cs cut, clarity, colour and carat of diamond. :clapping:

Tanishq says the competition is coming more from domestic players than international jewelers, which are very expensive and cater only to a certain profile of customers. :thumb:

This doesnt mean that the gold segment will be ignored. Gold continues to do exceedingly well and we expect a 15 per cent rise in consumption despite the increase in prices, Venkataraman says.

Tanishq, which reached out to the semi-urban and rural markets through a separate mass-market brand called GoldPlus, is now in the process of consolidating its position. We have 31 stores in various parts of Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra as of now. We have been consolidating the operating model of Gold Plus to bring more efficiency into the system, Venkataraman says.

However, Tanishq also has to fight the perception of being a premium brand due to what many call a case of over positioning. A lot of effort has to be taken to spread the message that Tanishq also makes affordable jewellery. To tide over the problem, Tanishq came out with small priced collections.

Tanishq, though, has no plans to enter foreign markets in the near future. Opportunity in India is higher than any other country. Unless domestic demand plateaus, we dont see any convincing and compelling reason to go outside, he said. :clapping:

Some others say the companys branding strategy needs to be fine-tuned to showcase more youthfulness. Diamond is not a brand of older people and Tanishq should reposition the brand to attract more young people to buy diamond, Harish Bijoor, chief executive officer of brand consultancy firm, Harish Bijoor Consults Inc, says. :thumb:

He, however, says that Tanishq has evolved as a brand of integrity and value with a high level of consumer trust on the brand. In 1995 when it was launched, Tanishq brought in a wide design expertise and a plush retail environment to a segment which until then was limited to local family jewellers and small set ups. For example, it was the first to introduce the karat meter to measure the exact purity of gold. :clap:

 

[rptrades]

I always like read your views on GITANJALI GEMS .I've profited from it many times.Thanks for all efforts.
You are real gem

 

[n_arvind2000]

Gitanjali Gems unveils new identity
Business Standard - 1st July

Branded jewellery maker and exporter Gitanjali Gems has unveiled its new identity with an aim to become one of the leading global lifestyle conglomerate with jewellery as a core business. The company has the most visible jewellery brands in the domestic market today including Nakshatra, Gili, Asmi and Ddamas.

This is a part of our restructuring exercise. We are of the view that the new identity will emerge as a global brand leader in jewellery and other lifestyle products due to consumers high disposable income and their aspire to luxury products, said Mehul Choksi, CMD of the company.

The companys vision is that the brand should be seen as largest conglomerate offering an array of brands in the lifestyle and luxury segment which was missing in the current logo. The new design of the logo lends itself to Gitanjalis expertise of craftsmanship. A stylized typography which reflects the values and personality of the brand global, contemporary and dynamic.

Gitanjali Jewels, focusing on jewellery, will now have a striking red which is a younger looking and more vibrant tone of the original colour. Similarly, Gitanjali Lifestyle, offering watches, silverware and other lifestyle accessories, will use a shade of blue representing the mature and stylish offerings of the lifestyle business.

The new identity is more upbeat than ever while holding on to its image of being Indias premier jewellery brand. The brand has been given a new personality basis its current offering and the groups vision its dynamic, creative, luxurious, glamorous, yet inclusive (considering it has a wide offering with something for everyone).

The company acquired the Samuels and Rogers, a US-based jewellery retail chain in 2006-7 to set its feet in the global jewellery market. In 2010, it acquired leading Italian jewellery brands Stefan Hafner, Nouvelle Bague, Io SI, Porrati and Valente to become the worlds largest branded jewellery retailer. The same year, the company enhanced its presence in the luxury lifestyle sector across India. The company acquired Giantti, another Italian jewellery brands with global footprints especially in the rare markets for Indian players like Russia.

Currently, the company is offering widest array of Indian and international jewellery brands to all classes of consumers from mid-range to high-end. It has international retail presence in all the key global markets.

The new identity will flow across products, packaging, signage and all communication with a pan-India media campaign to be rolled out as part of the promotional strategy. :clap:

 

[n_arvind2000]

Stock Technicals - DENA BANK


Record date for Dividend of Rs 2.20/- is July 9th :thumb:
Closing above Resistance 89-90 will go for targets 97.5-103-109 levels......:clap:

- 5 day RSI: 35
- 14 day RSI: 44

S 2 S 1 Pivot R 1 R 2
85.90 86.90 87.60 88.60 89.25

Dena Bank has reported an EPS of Rs 18/- for FY 11 .
So it is trading at less than 5 times P/E. It is paying dividend since the last 5 years and the latest is Rs 2.20.

The book value is Rs 104 People who believe in value investing should hold this and we can see 50-70% upside from here....:clapping:

BSE News:
Dena Bank has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from July 09, 2011 to July 18, 2011 (both days inclusive) for the purpose of Payment of Dividend & 15th Annual General Meeting (AGM) of the Company to be held on July 18, 2011.

Opinion:
BUY DENA BANK around 87-88 with target of 97-109 in the coming days!!!!!!!!

Also EMKAY as Strong recommendation to buy Dena BANK in their Technical Recommendation!!!!!! :rofl:

 

[n_arvind2000]

BTST/POSITIONAL - INFOSYS
BUY INFOSYS 2770 TARGET 2796-2819-2835-2877 SL 2750

Infosys to hire 12,000 people in Q2; 45,000 in FY`12. The company today posted a 15.72% jump in consolidated net profit to Rs 1,722 crore for the first quarter ended June 30, 2011.

The company also gave a wage hike in the said quarter, which impacted margins to some extent.

"In April, we said the margins in Q1 could come down by around four percentage points and actually it came down by three percentage points. The main impact was on account of an increase in offshore wages by 10-12% and onsite by 2-3%," Infosys Member of the Board and Chief Operating Officer S D Shibulal said.

"I think we were able to control other costs; we were able to maintain our margins. The only impact which came in the Q1 is wage increases," he added.