Intraday calls

[n_arvind2000]

Geodesic - Target: Rs 63 Stop Loss: Rs 56 :thumb:
On the weekly charts, the stock has formed a firm base around the Rs 50-55. The price consolidation coupled with spike in trading volume seen over the past month indicates a trend reversal. We expect the stock to break above the Rs 60 resistance level to reach Rs 63

Titan Industries - Target price: Rs 235 Stop Loss: 209
The challenging macro environment could affect discretionary spends and sustainability of volume growth. With positive momentum coupled with festival season will make the stock cross 230. The stock is trading at 26x its FY13E and there could be risk of derating in case of volume degrowth.

Arshiya International - Target: Rs 175 Stop Loss: Rs 148 :clap:
After a steep correction of 55%, the stock finally made a rock solid bottom at Rs 125-130 levels. On the weekly chart, the stock is able to break out of the downtrend with a significant rise in volumes. Consistent closing above its crucial 21-WMA will keep the upward momentum intact.

Tata Steel - Target: Rs 475 Stop Loss: Rs 425
RSI, on the weekly chart, has bounced from the oversold zone and is set to bring some respite for the stock in near term. Even stochastics has given a positive crossover indicating at a possibility of technical bounce. We expect it to retrace back towards its 15WMA at around Rs 475.

Raymond - Target: Rs 379 Stop Loss: Rs 345 :clapping:
The positive momentum built in the stock around the important support of Rs 330 can take the stock to Rs 375 levels in the near term. Also, consistent close above the vital long term 50-week moving average has improved the probability of momentum sustainability.

Sintex - Target: 132 Stop Loss: 110
Prime monolithic and prefab segments are expected to grow 25% and 27% CAGR over FY11-FY13E. Its arms too may improve performance. It has delivered a better-than-expected operating show in Q2. We recommend buy on the stock with a price target of Rs 132.

Bajaj Auto - Target price: Rs 1820 Stop Loss: 1575
The two-wheeler industry is less vulnerable to macro-level challenges. High margin brands Pulsar and Discover account for more than 2/3rd of its motorcycle sales. We recommend buy with a target of 1820, where it would trade FY13E earnings of Rs 122 at 15x.

 

[letsgrownow]

NIFTY & SENSEX VIEWS (21st OCT): :thumb:

If NIFTY breaches 5128 and stays above at least 5109 with good volume then NIFTY trend is becoming 'STRONG' and may see 5150 and 5180.

If Nifty breaches 5056 and stays below 5075 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5035 and 4990.

If SENSEX breaches 17057 and stays above 16996 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17125 and 17230.

If Sensex crosses 16817 and stays below 16878 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 16750 and 16600.

Intraday break out level to watch on NIFTY Spot- 5128 :clapping:

Intraday break down level to watch on NIFTY Spot- 5056

BANK NIFTY FUTURES: :clap:

BUY -9792 TARGETS - 9832, 9900, 9990 SL-9760

SELL -9715 TARGETS - 9675, 9620, 9520 SL-9742

Dear Sir,
Thanks for excellent POST and Thread....Keep the good work on...
I am personally very much benifited from your suggestions and guidelines and Big fan of your research...it is quite reliable also....


I wish I could be like you in trend understanding and Trading understanding..

Thanks lot for Your splendid service to novice people like me.

Bhupesh :thumb:

 

[n_arvind2000]

TITAN TO OPEN 10 large format stores this year

Tanishq sees consolidation in jewellery retail space

Hyderabad, Oct 22:

Tanishq, the $1-billion revenue jewellery brand and part of Titan Industries Ltd of the Tata group, today announced the opening up of its fourth large format fully-owned showroom in Hyderabad, this being the company’s 130th in its network of stores. :thumb:

On a rapid store expansion drive, Tanishq expects to close this current financial year with about 150 stores in all including 10 large format stores. The latter will come up in major cities of the country, according to Mr Sandeep Kulhalli, Vice- President-Retail and Marketing, Titan Industries Ltd. :clap:

The showroom is spread across 9,000 sq.ft. and provides the customers with a holistic jewellery retail experience. Buyers are beginning to experience the advantage of organised retail wherein they can walk into any store across the country and deal. This is of great advantage to buyers, he felt.

Volatility in gold price

Mr Kulhalli later told Business Line that the volatile price of gold in the last month has been a cause for concern. The prices have fluctuated and customers tend to get cautious. “But we do not see this impacting the overall business during the year,” he emphasised.

“Tanishq reported billion dollar revenues last financial year. Given the current price spiral, we are confident of sustaining the growth. The higher prices alone would be sufficient to boost the overall revenues,” he said.

Consolidation

Referring to the country’s jewellery market, which is estimated at Rs 1,25,000 crore a year, he said modern retail trade is gradually picking up. What is significant is that small and medium stores have begun to feel the heat due to consolidation in the marketplace. More and more buyers may opt for organised play, he felt.

The consolidation has set in and would take sometime to realise its impact. Jewellers are betting big on the festive season, when volumes normally swell. Akshaya Trithiya in April-May and Dhanteras before Diwali in October, these two days help generate big volumes. About 1 per cent business is generated on these days, he explained.

BIG FISH!!!!!!!!
NOMURA: Upgrading Titan to Buy with a new Target Price of INR 264/- :clapping:

 

[n_arvind2000]

AXIS BANK!!!!!!!!! BUMPER RESULTS!~! !~! !~!!~!

Axis Bank Q2 net up 25% at Rs 920 cr on higher NII

Axis Bank 's second quarter (July-September) net profit rose more than 25% year-on-year to Rs 920 crore. This is on the back of a robust growth in net interest incomethe difference between interest earned and interest expendedclimbed 24% to Rs 2,007 crore, driven by a forecast-beating loan book growth. :thumb:

A CNBC-TV18 poll expected a muted loan book growth with NII growing at 12% and net profit at 27%.

"The second quarter results showed a balance growth in all segments," said Somnath Sengupta, ED and CFO of the bank in a post earnings conference call.

"We will continue to put more focus on retail lending. Our yield on advances have gone up from 10.2% from 10.50% quarter-on-quarter. Our loan book growth for the entire fiscal will be higher than the industry average," he added.

While the loan book expanded nearly 27% YoY to Rs 1.41 lakh crore in Q2FY12, deposits grew by 26% YoY to Rs 82,140 crore. Net interest margin improved to 3.78% as against 3.28% in April-June quarter. This suggests that the bank has successfully passed on the repeated policy rate hikes (by RBI) to its customers.

Moreover, the bank increased the share of current account and savings account (CASA) to its total deposits. Its CASA ratio stood at 42% compared with 40.53% in the previous quarter. This has helped the bank to reduce its cost of deposits as CASA is always a cheap source of funds offering only 0-4% rate of interest.

"The sequential uptick in NIM during Q2FY12 was driven by stronger build-up in CASA deposits, stable funding rates and a pick-up in loan yields," the bank said in a statement.

During the quarter, India's third largest private sector lender has seen marginal deterioration in its asset quality. Net non-performing assets (NPAs) crawled up from 0.31% to 0.34% quarter-on-quarter while gross NPAs rose from 1.06% to 1.08% in the same period.

"The increase in provisioning is due to rise in NPAs. Our provisioning coverage ratio stood at 78%, much above the mandatory 70% mark," Sengupta said.

Meanwhile, fee income too added to the bank's bottomline by growing 32% YoY to Rs 1,121 crore. Other income moved up to Rs 1,235 crore from Rs 1,033 crore.

Capital adequacy ratio stood at 11.35% versus 13.68% YoY, leaving a room for the lender to raise fresh capital. :clap:


Expect stock to rise higher..............in BANKING SPACE on Monday. :clapping:

 

[n_arvind2000]

Axis Bank to tap Sri Lanka's post war infrastructure pie :clap:

AXIS BANK....Tapping the untapped Territory!!!!!!!!:thumb:

COLOMBO: India's No.3 private lender Axis Bank will focus on lending related to Sri Lanka's post-war infrastructure drive instead of competing for retail banking, the bank's country head said on Friday after opening its first Sri Lankan branch.

Axis Bank, the fifth Indian bank licensed to operate in Sri Lanka, started operations in the commercial capital Colombo on Friday.

It plans to focus on loans for power projects, roads and ports, with some lending for small and medium enterprises, agriculture. It will do some retail banking as well.

"We might be able to assist in terms of syndication which is the business line we have excelled in India, raising money for large infrastructure projects and things like that," Axis Bank's CEO of local operations Ashok Basu told Reuters over the phone. :clapping:

Basu also said that bank has no immediate plans to expand the branch network, but may look at investment banking later.

Sri Lanka is now enjoying a third year of peace after defeating the separatist Tamil Tiger rebels, and is experiencing a growth in demand for banking services amid economic growth forecast to hit a record 8.3 percent this year.

The Indian ocean island nation has embarked on a $6 billion plan to renovate and upgrade infrastructure across the nation, borrowing heavily to capitalise on $50 billion economy's opportunities after the end of the war.

On Thursday, the cabinet approved $55.4 million loan from a U.K. unit of HSBC Holdings PLC and state-owned Peoples Bank to construct 210 rural bridges.

Axis Bank posted a net profit growth of 27 percent to 9.4 billion Indian rupees ($191.2 million) in the June quarter.

 

[n_arvind2000]

NIFTY & SENSEX VIEWS: (24th Oct)

If NIFTY breaches 5096 and stays above at least 5072 with good volume then NIFTY trend is becoming 'STRONG' and may see 5120 and 5170. :thumb:

If Nifty breaches 5004 and stays below 5028 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 4980 and 4950.

If SENSEX breaches 16940 and stays above 16862 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17025 and 17200. :clapping:

If Sensex crosses 16631 and stays below 16709 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 16550 and 16450.

Intraday break out level to watch on NIFTY Spot- 5096 :clap:

Intraday break down level to watch on NIFTY Spot- 5004

BANK NIFTY FUTURES:

BUY -9733 TARGETS -9773,9835,9920 SL-9709
SELL -9669 TARGETS-9629,9580,9480 SL-9701

 

[n_arvind2000]

Hero Moto Corp - Market Price: Rs 2055 Target price: Rs 2408 :thumb:
Volume growth is expected to remain stable, and increasing penetration in rural markets. We estimate volume growth of 15.8% in FY12 to 6.25 million units. With Honda's exit, Hero MotoCorp is free to explore global markets which provide good long-term opportunity.

Petronet LNG: Market price: Rs 164 Target price: Rs 185
PLNG plans to add 8mmtpa capacity at dahej and intends to set up a new 5mmtpa capacity on the east coast of india. its new terminal at kochi is likely to get operational by fy13 and could be the next growth driver for the company.

Reliance Industries: Market price: Rs 845 Target price: Rs 1012
High complexity, economies of scale help RIL report better margins and attain 100% utilisation level. However, distortion in oil prices, weaker light-heavy differentials will limit the GRM upside. We expect refining margins (Singapore) to remain range-bound.

HCL Tech: Market price: Rs 415 Target price: Rs 516
HCL Tech has strong deal pipeline and will not see any budget cuts for CY12. It expects IT budgets to remain flat. Also, HCL Tech has seen strong additions across revenue buckets indicating good client mining. The stock trades at 13.4x FY12E and 11.7x FY13E EPS.

Ashwani Gujral of ashwanigujral. com
Titan Industries Ltd is a 'BUY' call with a target of Rs 235 and a stop loss of Rs 216

Stock calls on Axis Bank: CLSA recommend a 'BUY' with a target price of Rs 1220 :clapping:

 

[n_arvind2000]

NIFTY & SENSEX VIEWS: (25th Oct)

If NIFTY breaches 5132 and stays above at least 5115 with good volume then NIFTY trend is becoming 'STRONG' and may see 5150 and 5190. :clap:

If Nifty breaches 5064 and stays below 5082 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5045 and 5020.

If SENSEX breaches 17053 and stays above 16996 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17125 and 17250. :rofl:

If Sensex crosses 16826 and stays below 16883 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 16760 and 16680.

Intraday break out level to watch on NIFTY Spot- 5132 :thumb:

Intraday break down level to watch on NIFTY Spot- 5064 :clapping:

BANK NIFTY FUTURES:

BUY -9758 TARGETS - 9798, 9898, 9998 SL-9730
SELL -9638 TARGETS - 9598, 9500, 9380 SL-9675

 

[n_arvind2000]

Glenmark - Target: Rs 320 Stop Loss: Rs 289 :clap:
The outlook turned out to be positive after testing the panic bottom of Rs 285. It has moved above the 14-DMA and is likely to test Rs 307 and Rs 320 in the near term. The 10/5 departure oscillators are also giving support at Rs 295 and Rs 290.

TCS - Target: Rs 1140 Stop Loss: Rs 1048
The Bollinger band of TCS is suggesting further scope for price appreciation in the near term and it is suggesting a price level of Rs 1,140 in the short term. The 5 day stochastic is also giving a buying signal, along with 10/5 departure oscillator. Buy at declines.

Tata Motors - Target: Rs 198 Stop Loss: Rs 179 :lol:
The stock has completed its consolidation and it is likely to move towards Rs 192 and Rs 198 in the short term. The stock has support at Rs 183 and Rs 179. The MACD has given a positive divergence and the 5-day stochastic too has given a buy signal.

NIIT - Market price: Rs 46.70 Target price: Rs 60
NIIT is strategically moving towards turning asset light by targeting more annuity-based revenue. Management aims to do so by being selective in government SLS contracts, which are highly capital-intensive and have long debtor cycles (thus impacting returns).

Federal Bank - Market price: Rs 383 Target price: Rs 444
While slippages from the SME sector have been at elevated levels in the past few quarters, part of the high credit costs are compensated by relatively high yield on advances. We have factored in NPA provisioning expenses at 0.7% of average assets for FY12E.

FAG Bearings - Market price: Rs 1308 Target price: Rs 1396
We have a positive view on FAG, considering its strong parentage, debt-free status and cash balance worth .`180/share on books. We expect FAG to register a CAGR of 20% in net sales and ~24% in net profit over CY10-12E. Cash flow is also expected to remain healthy.

Infosys Technologies - Target: Rs 2890 Stop Loss: Rs 2780 :clapping:
The stock has completed its consolidation and it is likely to move towards Rs 2890 and Rs 2940 in the short term.

 

[n_arvind2000]

Titan Q2 net profit up 16% at Rs 148.2 cr

Watch manufacturer Titan Industries has reported a rise of 16% year-on-year in net profit of Rs 148.2 crore for the second quarter of financial year 2011-12 as against Rs 127.8 crore in the corresponding quarter of last fiscal. :thumb:

Net sales shot up 36.5% to Rs 2,096.3 crore in the July-September quarter of FY12 as against Rs 1,536 crore in same quarter the previous year, which was in-line with estimates. CNBC-TV18 had expected sales at Rs 2,093 crore. :clap: