Intraday calls

[n_arvind2000]

Wishing you a sparking and a very HAPPY DIWALI :thumb:

Celebrate Brighter................... Celebrate Livelier. :clap:

 

[n_arvind2000]

NIFTY & SENSEX VIEWS: (28th Oct) :thumb:

If NIFTY breaches 5215 and stays above at least 5208 with good volume then NIFTY trend is becoming 'STRONG' and may see 5224 and 5237.

If Nifty breaches 5189 and stays below 5196 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5179 and 5170.

If SENSEX breaches 17331 and stays above 17309 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17363 and 17405. :clap:

If Sensex crosses 17246 and stays below 17268 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17214 and 17185. :thumb:

The above values indicates a flat trade today. If it trades above (upper target) or below (lower target) Final targets it may trade on that direction. So be careful while trading today.

Intraday break out level to watch on NIFTY Spot- 5215 :clapping:

Intraday break down level to watch on NIFTY Spot- 5189 :clap:

 

[n_arvind2000]

Tata Global Beverages Ltd is a 'BUY' call with a target of Rs 101 and a stop loss of Rs 82

ACC Ltd is a 'BUY' call with a target of Rs 1260 and a stop loss of Rs 1175

M&M Ltd is a 'BUY' call with a target of Rs 900 and a stop loss of Rs 840

REC Ltd is a 'BUY' call with a target of Rs 189 and a stop loss of Rs 173

Tata Steel Ltd is a 'BUY' call with a target of Rs 485 and a stop loss of Rs 455

BEML Ltd is a 'BUY' call with a target of Rs 515-525 and a stop loss of Rs 492 :thumb:

GMDC Ltd is a 'BUY' call with a target of Rs 185 and a stop loss of Rs 174

Axis Bank is a 'BUY' call with a target of 1190-1230 and a stop loss of Rs 1140 :clapping:

Infy is a 'Buy' call with a target of 2970-3040 and a stop loss of Rs 2875 :rofl:

 

[n_arvind2000]

Healthy start on EU rescue deal:
A long-awaited plan to resolve the European debt crisis encouraged global investors to put money back in markets. It is expected to be a strong start tracking buoyant global stocks.

Headlines for the day

Greek debt deal ignites global market rally
Manufacturing policy to offer tax sops on case-to-case basis
PSBs to wait for capital
BSNL dials SOS on roaming pacts
Sebi green light for new companies bill

Events for the day

Results: Tata Global Beverages, NHPC, Bharat Electronics, Redington (India), Indian Hotels

 

[n_arvind2000]

what about if i go for NTPC at the curent levels..??
as we are better aware that india will witness a sea of reforms in the power sector will it be good move keeping that in the view??


advice needed....

NTPC being the largest utility in India remains the best pick to play the country's power story. Although the sector faces challenges such as securing coal linkages as well as capacity additions.

Also off late the SEB's have shown reluctance in purchasing power. However as NTPC is the only utility to have the largest operating capacity on ground as well as, has 100% fuel linkage in (own mines, coal India and Spot) place for its existing as well as planned capacity.

Long term one can buy with target of 230-250/- price

 

[n_arvind2000]

AXIS BANK RECOMMENDATIONS:

Buy Axis Bank with target of 1270: Ashwani Gujral

Ashwani Gujral: While PSU banks may come under the hammer, money may shift towards private banks. So, Axis Bank remains a buy. It had to cross these levels of 1160-1170. Keep a stop of about 1125 and look for targets of about 1270. :thumb:

Buy Axis Bank for short term: Deepak Mohoni

Deepak Mohoni: Buy Axis Bank for the short term. I am not putting them up as day trades today because we have had such a large opening gap and Europe could also take a breather. So, in the afternoon we may not see the market rallying too much. It is better to go with the slightly shorter term perspective like five-six days ahead.

Axis Bank has to get past 1150-1160 to continue upmove: Mitesh Thacker

Mitesh Thacker: Axis Bank has been doing well. I had recommended this stock a couple of days back. It has moved up since then but 1150-1160 are the earliest swing highs and the stock price needs to get past them to continue and signal an extension of the upmove. Upside targets would be 1240-1280 :clap:

 

[n_arvind2000]

NIFTY & SENSEX VIEWS: (31st Oct) :thumb:

If NIFTY breaches 5403 and stays above at least 5381 with good volume then NIFTY trend is becoming 'STRONG' and may see 5430 and 5470.

If Nifty breaches 5318 and stays below 5340 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5290 and 5250.

If SENSEX breaches 17935 and stays above 17869 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 18015 and 18130.

If Sensex crosses 17674 and stays below 17740 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17590 and 17465. :lol:

Intraday break out level to watch on NIFTY Spot- 5403 :clap:

Intraday break down level to watch on NIFTY Spot- 5318 :clapping:

BANKNIFTY FUTURES :clap:

BUY - 9980 TARGETS -10030,10100,10200 SL-9950
SELL - 9905 TARGETS - 9860, 9800, 9700 SL-9930

 

[n_arvind2000]

Adani Power - BUY - Target: Rs 95 Stop Loss: Rs 85
Expect a breakout which resembles bullish "inverse Head & Shouldder pattern". On the weekly chart, the momentum oscillators "RSI Smoothened" has given a positive crossover which suggest further upside. Buy this stock only above Rs 88.75 for a target of Rs 95 in the next 2-3 weeks. :thumb:

Indiabulls Real Estate - BUY - Target: Rs 81 Stop Loss: Rs 71.2
Expect downward sloping trend line breakout at Rs 73 on the daily chart. Prices have closed well above "20 EMA". Further, we see a positive divergence in "RSI" momentum oscillator. Buy this stock only above Rs 74.50 for a target of Rs 81 in the next 2-3 weeks

Bharat Forge - BUY - Target: Rs 327 Stop Loss: Rs 285
On the daily chart, we see a bullish "inverse Head & Shoulder" breakout with a rise in volumes. On the weekly chart, the momentum oscillator "RSI Smoothened" is positively poised. We advise buying the stock on decline up to Rs 290 for a target of Rs 322 in the next 2-3 weeks. :clapping:

Renuka - BUY - Target: Rs 62 Stop Loss: Rs 54.2
The daily chart depicts a bullish "Cup and Handle" pattern breakout at Rs 56.50. The "ADX (9)" indicator on the daily chart has given a positive crossover indicatimg strength. Buy this stock on declines up to Rs 55.50 for a target of rs 62 in the next 2-3 weeks.

Gitanjali Gems - SELL Target: Rs 335 Stop Loss: Rs 379
Friday's selling pressure resulted in closing near the upward sloping trend line. The placement of momentum oscillator viz. RSI and Stochastic suggest possibility of a breakdown below Rs 362. Hence, we advise selling the stock only below Rs 362 for a target of Rs 335 in the next 2-3 weeks.

Bajaj Electricals - BUY - Market price: Rs 197 Target price: Rs 238
In Q1 FY12, the E&P division reported losses due to weak Q1 and closure of some old projects resulting in cost pressure. It is taking several initiatives to put the E&P business on track. Consumer durables may grow sturdy. The stock trades at 12x FY12E earnings.

Tecpro Systems - BUY - Market price: Rs 218 Target price: Rs 322
A player in bulk handling material. Its order book in Q1FY11 stood at Rs 4,220 crore, giving revenue visibility for the next 2-3 years. It may capture higher market share in BOP due to strong execution capabilities. The stock is trading at 6.6xFY12E earnings.

Ajanta Pharma - BUY - Market price: Rs 328 Target price: Rs 385
Entry into world's largest generic market, deeper local penetration and therapeutic segments will help Ajanta ride on high growth wave. APL's net revenues will grow at CAGR of 20.5% in FY11-12. The stock trades at 6xFY12E earnings. :thumb:

Dena Bank - BUY - Market price: Rs 76 Target price: Rs 135 :clapping:
Dena Bank will improve core operating metrics. Excellent liquidity. Major presence in Gujarat, focus on high yield retail credit, strong balance sheet would improve efficiency and drive earnings. The stock is trading 0.7xFY12E

 

[n_arvind2000]

Thanks Arvind.

Are securing coal linkages as well as capacity additions are a bigger worries in the longer term, and how could they impact the stock valuation if one is eyeing for the long term.??

ICRA expects the overall capacity addition to reach close to 50,000 MW by end March 2012. There has also been a change in the ownership mix of capacities being created with the share of private sector IPPs in the capacity addition during the current Plan Period having increased to 32% (as against less than 10% in the previous Plan Periods). However, despite the improvement, this will result in a slippage w.r.t the target of 78,000 MW set by Government of India (GoI) for the current Plan Period. The shortfall in capacity addition targets has resulted in energy deficits remaining high, with the peak energy deficits remaining high at about 10 % in FY 2011.

The environment ministrys continued tirade against infrastructure projects could take a toll on the power capacity addition target under the 12th Plan. Months before the Plan period begins in April next year, the power ministry has cautioned against slippages, thanks to the environment ministrys latest decision to reject projects without firm coal linkages.

The decision was conveyed through a recently-issued circular that said all proposals for power, steel and sponge iron, among others, requiring coal as a raw material, would be considered only after firm coal linkage was available and the status of environment and forest clearances for the coal source was known.
The said circular needs to be amended and environmental clearances be accorded to all projects that have been granted coal linkages without insisting on the source of coal, the power ministry said in a note, prepared as an input for a draft Cabinet note on coal shortages. If environment clearances are not granted in 2011 for the 12th Plan projects, we may miss the 12th Plan capacity addition target, fixed by the Planning Commission, it added.

The environment ministrys circular is seen as a part of the ongoing activism that began with the no-go policy last year and was followed by the Comprehensive Environment Pollution Index (Cepi) moratorium that put investments worth thousands of crores in danger.
It is a serious matter. Construction work on projects can begin only after environment clearance is given. If a project has to come up in the 12th Plan, its construction should start by the end of this year or early next year, said a senior power ministry official.

Ironically, the power capacity addition target for the next Plan period (2012-17) has not been finalised, and the working group for the 12th Plan has not yet met. India had missed its target to add 31,000 Mw in the 8th Plan by 52 per cent. In the 9th Plan, the target of 40,000 Mw was missed by 47 per cent and the 41,000-Mw target in the 10th Plan by 51 per cent. The target for the 11th Plan has been scaled down from 78,000 Mw to 62,000 Mw and the actual achievement is likely to be only 55,000 Mw.

The environment ministrys logic behind the circular is to avoid cases where investments get stuck due to development of end-use projects without necessary environment and forest clearances in place. It is, therefore, necessary that the status of clearances of the linked coal sources is ascertained in advance to avoid a fait accompli situation, besides public interest involved in preventing blockage of financial resources due to absence of raw material, i.e. coal, the circular said.

 

[n_arvind2000]

NIFTY & SENSEX VIEWS: (01st Nov) :clap:

If NIFTY breaches 5352 and stays above at least 5338 with good volume then NIFTY trend is becoming 'STRONG' and may see 5367 and 5395. :thumb:

If Nifty breaches 5301 and stays below 5315 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 5285 and 5265.

If SENSEX breaches 17785 and stays above 17744 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17830 and 18925.

If Sensex crosses 17625 and stays below 17666 level then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17570 and 17510.

Intraday break out level to watch on NIFTY Spot- 5352 :clap:

Intraday break down level to watch on NIFTY Spot- 5301 :thumb:

BANKNIFTY FUTURES :clap:

BUY -10043 TARGETS -10110,10210,10330 SL-9995 :rofl:

SELL -9988 TARGETS - 9918, 9818, 9680 SL-10010


SBIN FUTURES

BUY -1910 TARGETS -1920,1933,1955 SL-1900
SELL -1895 TARGETS -1885,1871,1846 SL-1905