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• Vol. I • Issue :4 • Date : 23-3-2008 to 29-3-2008 • Editor : Devlaxmi Joshi • Asso.Editor : Narendra Joshi • Mobile : 9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad - 380013 • Phone : 27451449 ••
MARKET MAY VOLATILE NEXT WEEK
IT’S TIME TO PICK GOOD FUNDAMENTAL STOCKS
Last week BSE Sensex
down by 765.69 points or
4.85 percent to 14994.83,
while CNX Nifty slipped
171.85 points or 3.62
percent to 7573.95. BSE
Mid Cap index lost
619.34 points or 9.40% to
5964.10 for the week
ended Wednesday, 19th
March 2008. The BSE Small
Cap index slumped 857.30
points or 10.61% to 7222.20
in the week. At current
14994.83, Sensex trade at a PE
multiple of 14.28 to 14.99,
based on projected FY 2009 EPS of
Rs. 1000 to Rs. 1050 for 30
Sensex companies. The BSE
Sensex has lost 6211.94 points
or nearly 30 percent from its all
time high of 21206.77 hit on 10
January, 2008.
bourses recently.
Next week on 27 March,
2008, the last day of
March derivative contracts and volatility on
the bourses may rise.
FII sold shares worth Rs.
15892.27 crore in the calander
year 2008 so far till Tuesday,
18th March, 2008. Domestic
Mutual Funds, on the other
hand, pumped Rs. 6638.30
crores during the same period.
A lot of bad news such as
meltdown in global markets, earning down grade
recently by brokerages,
lower than expected industrial production data for
January 2008 and surge in inflation created havoc on the
India’s inflation swelled by o.81
% to over 11 month high of 5.92
% for the week ended March 8,
2008. The rise is mainly attributed to the increase in prices of
essential items like fruits, veg-
etables, pulses as well as some
manufacturing items. The
wholesale price bared inflation
stood at 5.11 % in the previous
week.
We saw in last two months,
Sensax has crashed just 30% but
certain individual stocks came
down nearly 60-70 percent of
their high and in some cases it
has gone down to 80 %. But
there no change in fundamental
so it is time to pick such fundamentally good stock for medium
to long term and fetch you attractive return.
Our low Target 14700 had been tested now, if it being survied you can expect 17400
Deart friends,
We have seen some positive
steps taken by US FED has
given some hope and confidence in USA and world markets. We hope
That same hope will be ex-
STOCK
MARKET
NIKHIL BHATT
12
COMIDITY
WATCH
SUMIT BILGAIYAN
3
STOCK &
PLANET
RAJNIKANT
8
tended for Indian market also. We advise to
take some chance and
buy Nifty as well as
some of the stocks.
Some of the stocks for delivery
and PT buying.
excellent gain. Stock
is currently traded
around 116 with 4.4
PE which is Cheapest
to our opinion. Stock
has fallen more than
40 % during last week
due to Margin calls.
We are sure soon company circle will buy
this stock to increase stake.
(1) Orchid Chem :
(2) ABG shipyard :
We have given our detailed
logic for buy this stock in
Gujarati issue this week. You
can buy and hold this stock for
Shipyard business is in boom
world wide. Recent announcements in tarrif are beneficial to
all shipping companies. We
Email : [email protected]
Nifty : We hope Nifty
will give give positive
closing this week.
Last week Nifty fall by 171
points. While sensex fall was
766 points. We expect some 200
points gain in Nifty. You can
buy Nifty and carry forward
trade till Nifty test 4900-5000
mark.
have detailed research report
on shipping
Companies. Most of the Yards
are booked for 2008 well in advance. This scompany has
good facilities and bookings
of services. You can buy and
hold thgis stock for one year
to get excellent gain.
(3) INDOCO :
Safe stock in sector. Not gain
much during last bull run. We
have studied data and numbers
of this company. We also take
Continue on ....4
Investors should consider buying stocks, specialy with a 12-15 months
The market has not shown
much recovery after the almost 1000 point fall last
Monday. The US market
has been quite active and
ended on a strong positive
note last week.
The Market is now looking forward to next week
with some hope. The
prices of Crude after touching $ 112 per barrel,
is now down in to
double digits.
The Positive effect of
this development shall
be seen in the market
during early part of
next week, and if there are
no further bad news from
abroad, the market may
settle at higher levels next
week.
Investors should consider
buying stocks, specialy
with a 12-15 months perspective and if they find
a 20-25 percent gain in
the short term, they may
consider booking profit.
23-3-2008 to 29-3-2008
2
Support for the sensex exist at 14700 and below
that downtrend can continue to 14100 levels
Dear readers,
We have seen market correcting from the top of
January, 2008.
If we see top of January-2008, SENSEX has corrected 6529 points from the top of 21206 while
Nifty has fallen 1888 points from top of 6357.
We are eyeing global events in general and US
events in particular. Last some of the steps taken
by FED and Central Banks of Us and Europe are
definitely morale boosting for the world markets.
In last meet on 18 Th March, Fed had declared
75 basis point rate cut in Discount rate. This and
some other steps are proving positive for US
market. We are hopeful of USD now will stop falling further. Its first sign is Gold is correcting in
London Bullion market. We expect some relief
rally now onwards in Indian, Asian as well as in
world market.
Our columnist has given some data, charts along
with justifications for buy. You are advised to
study all of our articles in this issue and take
your own decision. We personally feel that at
least for few days we will be in positive zone. How
long this up move will continue is a matter of
debate, however, at this juncture, we shall avoid
short and take some positions.
We also expect Fund managers to go for new bargain buys in coming months on the back of the
plunging Sensex and good valuations. Until December, India’s capital markets had been a big
competitor to PE. But, now, the capital market
option has contracted sharply, stalling plans by
many companies to raise funds.
The volume of private equity (PE) deals in India
is down by 47% in the first 10 weeks of 2008 over
the year-ago period Sensex, the benchmark index of the Bombay Stock Exchange, has fallen
about 27% since the beginning of 2008. In 2007,
it had risen by 47%.
Narendra Joshi
Assocoate Editor
Downtrend continued
to intensify during the
week. Holiday shortened
week as market will remain
closed for 2 days on eve of
Id and Good Friday. Week
start of with big slide as indices slipped over 900 odd
points. Bear sterns hit due
to subprime mortgage
which brought in some levels of concerns in Indian
Markets. Second day witnessed a mixed trend with
no trigger but indices ralied
but tumbled to close flat.
Advance tax payments for
the final quarter have risen
by 110% compared to last
year, which indcates a good
earnings
from
these
Corporates. As fed cut the
interest rate, markets across
rejoiced as Asian ended in
green. Indian indices
opened strong but normally
investors tend to book profits over weekends to avoid
risks so preferred to book
profit. The sentiments also
remained weak and kept
funds out of the market.
Fed cut the interest rate
by 75 bps and gave the
boost across the globe. The
Fed also cut discount rate by
25 bps early this week. The
efforts to save economy
continues..but it will take
time to bear fruits. The worries have now started extending to other parts of the
world like Europe and Japan. We don’t see condition
improving in near term.
Left and UPA met to
discuss on nuke deal..but
outcome was zero. Both
parties continue to maintain
their stand. Left is unlikely
to soften there stand and
Congress would try to push
the deal in full force as it has
improved its image among
mass through Budget 200809.
IT
counter
bounced..We believe that it
was dead cat bounce. Fundamentally, things have not
improved. Financial sector
is US is bleeding and this is
one of major client for Indian IT cos. Bear and
Stearns (B&S) bail out by
Fed actually shocked the
global markets. B&S is one
of the client for Satyam and
TCS. Thought IT counter is
bottomed out..Caution is
advised.
Indian banks are not
left out of the subprime
woes. ICICI
and SBI are
said to have
large exposure to forex uncertainties. This may continue to weigh on the Banks
counter. Clarity on farm
loan waiver has given some
ease but no relief for now.
With inching inflation probability of interest easing
seems bleak in short term.
A strong run up for the
overseas markets, helped
Sensex finished the day with
1%. Although, the day
ended with gains, markets
finished the day near the
lows of the days trading
range and that is not exactly
a sign of strength. Both
Sensex and Nifty are below
their multi year trendline
and charts are not yet suggesting any reversal in the
trend. The immediate major
resistance for the Sensex is
placed at the gap area of
15800 and until markets
close above this level with
volumes, any bounce could
remain just an oversold
bounce. Support for the
sensex exist at 14700 and
below that downtrend can
continue to 14100 levels.
AKASH OPTIFIBRE
BSE: 532351
Current price : 40.85
52 Weekly high : 96
52 Weekly low : 36
Akash Optifibre plans to invest $25 million (Rs 1 billion) over
the next 18 months towards its IPTV and VoIP project.
The company, which has a franchisee arrangement with MTNL,
has already invested $15 million (Rs 600 million) & investing
$40 million on IPTV and VoIP. This will support 400000 subscribers which Company hope to get over a three-year period
IPTV services on MTNL network will be commercially launched
in Mumbai on 1 April with a bouquet of 100 channels. Aksh has
already launched this offering with MTNL in Delhi and has a
subscriber base of 3000.
MTNL charges subscribers a price of Rs 499 for a bundled offering of TV channels, broadband and voice. Subscribers get 50
free calls and 50 mb download is free. Beyond this limit, they
will have to pay Re 1 per download and Rs 1.20 per call. The
video-on-demand subscription is also free.
Aksh and MTNL also announced the launch of video phone
calling services - V Spyk. The services will be available in Delhi
and Mumbai.
MTNL has 6000 IPTV subscribers and is targeting 10,000 by
December & Company already operational in Mumbai and
Delhi.
IOL Broadband is the other franchisee which has tied up with
MTNL for the content delivery network. It has already launched
IPTV services on the MTNL network in Mumbai and is planning a Delhi presence as well.
MTNL has 300000 broadband subscribers in Mumbai.Our broadband ARPU (average revenue per user) in Mumbai is Rs 600
while for fixed line it is Rs 700. The ARPU for mobile is Rs 300
and VoIP Rs 250.
Buy At CurrENT Market price is Rs. 42.00 .hold for one year &
see your money grow almost double.
23-3-2008 to 29-3-2008
3
WEEKLY REPORT CARD :
[24th to 28th march 2008]
THE HEIGHT OF POSSIBILITY!
Sensex-11192.46 which was in august 2006
Nifty future-3896.90 which was in
April 2007
(Don’t panic on this, this is just result of analysis and it may or may
not possible)
we have clearly told in our first
march month weekly report that fii
will play holi with blood in march
if you look at the indices sensex has
lost 15.75% and nifty fu lost 13.16
%......................
For strong up side sensex has to
close above 16750 and nifty fu
4950 on weekly basis.
SENSEX: in last week report we
have told that index has support at
15230 and 15030 below that level
it will slide to 14455 and index
made low of 14667 and rebound
from
that
level due to
fed
announcement
otherwise it
had violated
our last support level.
In the next
few
days
daily chart suggest some recovery
but weekly chart don’t suggest buying.
Sensex has strong resistance at
15633 if it closes above for 2days
then it will try to fill gap of 16064.
Index has strong support at 14455
if index gives 3 close below that
levels then only panic.
NIFTY FU: In last week report it
was clearly indicated that index has
strong resistance at 4855 and it
could not cross that level. On the
down side support was 4550 and
breaks and made low of 4476 and
rebound due to fed cut.
In the next few days daily chart
suggest recovery but weekly chart
don’t suggest buying.
Index has strong resistance at 4855
that is gap and 4900.
WEEKLY COMMODITIES WATCH
From last many months we see
rally and heavy buying coming in
gold, silver and crude but on
Wednesday we see heavy selling
pressure come in gold and silver
this type of downward trend start
on Wednesday and expected this
While support exist at 4550 and
4420 below that level only panic.
GLOBAL MARKET TREND:
Don’t become too much happy by
seeing the up side in dow/nasdaq/s
&p 500 remember Dow has formed
the triangle on weekly chart that has
to fill and that is 11108.
On weekly basis if Dow closes below /NASDAQ/s & p 500 below
11700/2168/1270 then panic.
see positive trend.
RUBBER MCX APRIL
We see some buying coming in rubber and expected this buying coming continue in
coming weeks buy on corrective dip at 10400 to
10360 with a upper target of
10440 to 10480 with a stop
loss of 10335
SILVER MCX APRIL
type of down ward trend continue
Sell at current market price
and at upper levels 22350 to 22380
with a target of 21950 to 21900
Nikkei suggest some recovery it has
strong resistance at 12661.
Hang sang has
strong resistance at 22034
and 22151 and
strong support
at 19386.
Shanghai will
slide to 3200.
FTSE
has
strong support
at 5235 and
strong resistance at 5773.
Strait time weekly close below 2743
only panic.
SHORT TERM DELIVERY
BASE PICKS:
Buy wipro with stop loss of 370 and
target is 386 and 404.
Buy tata motors with stop loss of
617 and target 670 and 686.
Buy bharti airtel with stop loss of
755 above 620 it will fire to 834
and 837.
Buy jindal stainless with stop loss
of 135 and target of 152 and 161.
OBITUARY
SMT SHANTABEN V. THAKKAR, MOTHER OF
SHRI JAGDISH V THAKKR CA, PASSED
AWAY ON MONDAY 10TH MARCH 2008 AT
BARODA. WE PRAY ALMIGHTY GOD TO
BLESS HER SOUL ETERNAL PEACE AND
COURAGE TO FAMILY MEMBERS TO BEAR
THE IRREPARABLE LOSS.
in coming weeks if gold break the
important support of 11800 then
we see free fall in gold and for silver support is at 21900 if this support will break yen we see also big
fall in silver. Expected some down
ward trend in gold and in silver in
coming weeks.
CHANA MCX MAY
Buy at current market price and on
corrective dip to rs 2825 to 2790
with a stop loss of rs 2740. With a
upper target of 2880 to 2900 above
2920 expected some big rally coming in chana it will zoom up to 2950
to 2980 we see uptrend in chana in
coming weeks.
MENTHAOIL APRIL
Buy for positional with a stop loss
of 435 buy on break out close
above 456 with a stop loss of 440
if it break the serious support of
435 then we see fall in menta oil
but above 460 we see some rally in
menta oil for long position take target of 480 and weekly basis take a
target of 465 for weekly bias we
below 21900 we see some big fall
up to 21500 to 20900 with a stop
loss of 22800.expected negative
trend in coming weeks.
GOLD MCX APRIL
Sell at current levels at with a target of 11980 to 11800 below 11800
we expected some fall coming in
gold a it will go up to 11500 stop
loss 12300
CHILLI NCDEX APRIL
Buy at current market price a on dip
at 4120 to 4080 with a per target of
4160 to 4190 stop loss 4040 above
4190 it will zoom up to 4220.positive trend see in coming weeks
JEERA NCDEX APRIL
Buy at current levels with a upper
target 8700 to 8800 with a stop loss
of 8550 below 8520 we see fall in
jeera. Volatile trend for coming
weeks
23-3-2008 to 29-3-2008
4
Kotak Bazar
Conti. from ....1
note of various plans declared Gujarati issue this week. Comby directors in last Directors re- pany has recently sold some land
ports. This is good pick in me- of its Bhandup unit. Company
dium to long
term invest- Email : [email protected]
ments.
Local funds
are seating on
huge
Cash
waiting to be
injected in
stock market
soon. This
company may
get some fund buying , too.
(4) CEAT :
We have also choosen this stock
for our recommendations in
is proposing to shift its manufacturing
facilities
at
Ambarnath.
Later Land of Bhandup may give
huge one time profits to the company. Company also trying to
start redial tyre manufacturing
initially by out sourcing and
later by creating capacity at new
location. We are
hopefull of auto
sector sales picking up in near future due to custom
duty cut. Later in
June,
We expect Interest cut which will
also boost vehicle
sales, adding in
top line and bottom line of this company. We
advcice
Investors to pick this good stock
in tire segment.
Stock Market Indices
Day End Historical Metal Charts
Market will be voletile
incoming week
1) HDIL( 505.85 ) :- In this
scrip nearly
497 and
longley 492 keep the stop
loss and buy The 1st target
512 and 2nd target 518 3rd
target 524 and 4th target
532 .
2) ACC ( 775.95 ):- In this
scrip nearly 768 and
longley 763 keep the stop
loss and buy The 1st target
783 and 2nd
target 792
target
3 rd
798 and 4 th
target 806 .
3) GRASIM
( 2595.05 )
:- In this
scrip nearly
2588
and
l o n g l e y
2576 keep
the stop loss
and buy The
1st target 2612 and 2nd target 2625 2rd target 2642
and 4th target 2659.
4) I-FLEX ( 924.75 ) :- In
this scrip nearly 917 and
longley 912 keep the stop
loss and buy The 1st target
929 and 2nd target 936 3rd
target 942 and 4 th target
947 .
5) REL ( 1206.50) :- In this
scrip nearly 1202 and
longley 1194 keep the stop
loss and buy The 1st target
1213 and 2nd target 1221
3rd target 1232 and 4th target 1238 .
6) RCOM ( 506.45 ) :- In
this scrip nearly 501 and
longley 496 keep the stop
loss and buy The 1st target
512 and 2nd target 518 3rd
target 525 and 4th target
533 .
If we believe that Indian
market is, now a days, has
become very sensitive to the Global
developments, we
shall also believe
that MONDAY
MARKET WILL
OPEN
WITH
GAPE UP AND
WILL REMAIN
VERY STRONG.
Trading Zone : 24-03-2008
Nifty View : 24-03-2008
7) ULTRATECH.( 777.15)
:- In this scrip nearly 770
and longley 764 keep the
stop loss and buy The 1 st
target 782 and 2 nd target
790 3rd target 798 and 4th
target 805 .
8) TATA TEA ( 786.90 ) ):In this scrip nearly 781 and
longley 776 keep the stop
loss and buy The 1st target
794 and 2nd target 802 3rd
target 809 and 4th target
817 .
9) DLF ( 623.00) :- In this
scrip nearly
617 and
longley 612 keep the stop
loss and buy The 1st target
629 and 2nd target 636 3rd
target 643 and 4th target
650 .
10) MUNDRAPORT. (
497.10 ) :- In this scrip
nearly
492 and
longley
485 keep the stop loss and
buy The 1st target 503 and
2 nd target 510 3 rd target
517 and 4th target 524 .
11) BHARTI AIRTEL .(
777.75 ):- In this scrip
nearly 771 and longley 764
keep the stop loss and buy
The 1st target 784 and 2nd
target 791 3rd target 798
and 4th target 807 .
12) M&M( 658.40) :- In this
scrip nearly
652 and
longley 647 keep the stop
loss and buy The 1st target
664 and 2nd target 672 3rd
target 684 and 4th target
692 .
13) TITAN ( 914.80 ) :- In
this scrip nearly 903 and
longley 896 keep the stop
loss and buy The 1st target
922 and 2nd target 937 3rd
target 956 and 4th target
968
14) ONGC ( 992.40) :- In
this scrip nearly 986 and
longley 980 keep the stop
loss and buy The 1st target
1000 and 2nd target 1011
3rd target 1018 and 4th target 1030 .
15) AXIS BANK ( 747.25 )
:- In this scrip nearly 742
and longley 736 keep the
stop loss and buy The 1 st
target 752 and 2nd target
757 3rd target 761 and 4th
target 766.
23-3-2008 to 29-3-2008
5
Sumit bilgaiyan is technical &
fundamental analyst. He has vast experience in
the stock market last 6 years.He is regularly
writing article and daily columns in Leading
News papers in Gujarat. He also does PORTFOLIO ADVISORY SERVICES.
E-mail: [email protected]
Mobile-+91 09755261070
MARKET TREND FOR THIS WEEK
For this week sensex resistance at 15090—15200—
15320 above this level next
resistance at 15500 in down
side support at 14800—
14720—14650 below this
level next support is at
14500 if this level break
then we see again fall in
market .market is volatile for this week.
For this week nifty resistance at 4650—4720 above this
level next resistance at 4850—4900 in down side support at 4520—4480 below this level next support at
4420—4380 . Market is volatile for this week.
STAR FOR THIS WEEK
Niit ltd—the stock close on friary with positive notes with
huge volume expansion this stock came down from 125
with very bad volume but again we see volume expansion in this stock buy at current levels at 99 with a upper
market from 17-03-2008
to 19-03-2008
once again market end in red we see a big fall on
monday and on tuesday and wednesday we see some
buying coming in market again we see selling pressure
see a upper levls and market not stable at upper levels
on weekly basis it was a very bad week for market sensex
and nifty closed down near 5 % we see second biggest
intraday fall in a last week sensex closed below 15000
and nifty closed below 4600 mark on a week end in our
previous article we say that if sensex break the level of
15400 then we see 14500 level this was the very important support for market for next week market is very volatile
if sensex cross the level of 15350 then we see some recovery come in market but if sensex break the support of
14500 then we see again big fall in market and then next
support for the market is 13800.market is volatile for this
week.
target of 110 to 115 above this next target is 120 stop loss
90 this stock is also good for short term as well as long
term.
Reliance industries – buy at lower levels at 2140 to 2125
COMPANY
GAIL FUT
NALCO FUT
PNB FUT
KOTAK FUT
REC FUT
STOPLOSS
1575
145
700
3120
1080
STOPLOSS
62
50
82
3.50
“Getting regular income for parents”, “Buying a car next year”
The objective here is for medium term investment with regular income and safety of capital.
One needs to invest in bond
mutual funds that invest very
little in equity shares but maximum into bonds and fixed deposits on your behalf for such
goals.
The objective here is for a short
term investment which keeps
capital safe provides high liquidity but provides some returns rather than keeping it idle.
One needs to invest in liquid
mutual fund schemes that make
investment into money market
instruments and short term
bonds on your behalf.
Fund Category
Compounded Return for 5Yrs.
Equity: Diversified
43.88%
Equity: Tax Planning
43.07%
with a upper target of 2200 to 2250 above 2260 it will
zoom up to 2280 to 2300 with a stop loss of 2050
On mobile – buy at current levels at 485 with a upper
F & O STOCK FOR THIS WEEK
BUYAT
TARGET STOPLOSS
416
422 TO 425
409
446
466 TO 472
430
462
470 TO 472
451
546
535 TO 530
558
101
106 TO 110
95
STOCK FOR SHORT TERM
COMPANY
BUYAT
TARGET
V GUARD
68
80 TO 90
RT EXPORTS
58
70 TO 85
ANG AUTO
94
100 TO 110
JYOTI OVERSEAS
4.48
6 TO 8
The objective here is of long
term capital appreciation and
one needs to invest in equity
mutual funds that invest in the
stock market on your behalf for
such goals.
Returns from an average mutual
fund in each category for the
appropriate time are:
Market are highly volatile for this week we expected
some recovery in market but sensex break the level of
14500 then we see big fall in market . Market is volatile
for this week.
STOCK FOR THIS WEEK
BUYAT
TARGET
1600 1620 TO 1650
150
160 TO 168
728
750 TO 760
3160 3200 TO 3250
1102 1120 TO 1140
“Buying a big house after 5
years”, “Sending son abroad for
education after 10 years”
“Short term alternative to keeping money in the bank”
Market for this week
COMPANY
SBI
INTERN CONVE
BIL CARE
SESA GOA
ABB
MUTUAL FUND
Conti. from ....8
right mutual fund? Let me explain some investment goals and
what they mean in the investment world.
target of 510 to 520 above 525 it go up to 550 to 580 stop
loss of 550
Equity: Index
34.86%
ATTENTION
The material contained in the
Economic Revolution is based on
Fundamental and Technical analysis & other scientific methods and
also the knowledge and belief of
author. Error can not to be rulled
out. The information given is of advisory nature only. The Editor, the
Publisher and the Author does not
take any consequences arising out
of it. All rights reserved. Reproducing to whole or in part of any matter including featurs without
permision is not permitted. Letgal
jurisdiction is Ahmedabad only.
The material given in the Economic Revolution is the views of
author only, it not means that Editor is agree with it, so Editor, the
Publisher and the printer is not
resposible for the contains in writers article.
Devlaxmi Joshi
Editor,
The Economic Revolution.
23-3-2008 to 29-3-2008
6
DIFFERENT STROKE FOR LONGTERM GAIN
MANJUSHREE
This is one of the few companies that
have a huge potential for the short, medium and long term. Everything about
this company tells me that it’s a keeper.
This company is the second largest
manufacturer of PET containers in India, after Pearl Polymers, and if you believe what they say, they rank first in
terms of profit.
They may be the technology leaders,
they may be an ISO 9001:2000 certified company, they may have proven
management, their wall covered with
awards but all this is in the past. What i
look out for is what keeps them ticking
and for how
long.
Manjushree has
been involved in
plastic packaging for over two
decades. They
are one of the
largest producers
of PET bottles
and jars, closures, PET preforms, including
multilayer (co-ex
bottles), and has an annual turnover over
USD13-million.
Now here is the interesting part, their
plastics packaging products and services include PET bottles, PET jars,
PET containers, Plastic packaging,
Multilayer bottles, Co-extruded
bottles, PET preforms, Hot-fill PET
preforms, Closures and caps, Plastic
container design, Plastic mould making and Prototyping
Their clientèle include Unilever, Nestle,
Pfizer, Pepsi, Coco-Cola, Heinz,
Cadburys, Bunge, Glaxo SmithKline,
Reckitt & Benckiser and many others.
What that means is that whenever you
drink coke, make a cup of tata tea, had a
britannia biscuit with that tea, feed your
kid horlicks or boost, boost your energy
with glucose, washed your dishes with
prill…(I can go on and on) you probable have laid your hand on
Manjushrees’ product ie you bought it.
They have ambitious Plans for Milk &
Beer Bottles manufacturing, Indigenous
manufacture of Polymers Processing
Machines in SEZ, Exports of specially
developed PET Preforms & Closures to
US & other Global Markets. They also
have plans to enter the retail sector.
What wrong with this company, obviously it cant be that perfect. The problem is that such companies procure technology that can get outdated. This company is still in the process of procuring
machinery (for which they went public).
Prices of such machinery is likely to increase because of the increase in raw materials. More than 40% of the raw materials for plastic is crude, and we all know
where that is heading. All this increases
their setup and operating costs. But what
worries me the most( for long term in-
vestors) is that they dont seem to be doing enough in the biodegradable plastic
sector. Environment is a touchy subject
and any change in the law in this direction can hamper this type of companies’
future. Migrating its afterall costly and
time consuming. Being a Goan, a place
where plastic bags are banned, I’ve seen
first hand the impact on plastic bag manufacturers in Goa. BUY AT 19 TARGET
35 TO 40 IN 10 TO 12 MONTHS
ITD CEMENTATION
ITD Cementation India received two contracts worth Rs 4.46 billion from SICAL
and Chennai International Terminals.
It has received
Rs 1.12 billion
contract from
SICAL Iron
Ore Terminals
where
the
scope-of work
includes construction of
Jetty
App r o a c h ,
Berthing Jetty/
Loading Platform, Ro-Ro
Platform and
Mooring Platform, apart from civil works
for wagon tippler, track hopper, penthouse, stacker reclaimer, surface drains
and buildings. The time period of
completion is 22 months.
This follows an order received from
Chennai International Terminals, a subsidiary of Port of Singapore Authority for
a value of Rs 3.34 billion. This contract
involves designing and construction of
an 805 meter long Quay wall for berthing
of 1,04,000 DWT container vessels, construction of associated backup yard for
container handling and storage. The time
period of completion is 19 months.we are
positive in this stock for long erm buy at
305 to 500 to 600 in 12 months.
BHAGYANAGAR INDIA
Bhagyanagar India recently formed a
joint venture company named ‘Surana
Ventures‘ for setting up of solar photo
voltaic cell and module project in partnership with its promoters and a group
company named Surana Telecom. The JV
plans to manufacture and sell the equipment required for generating solar energy.
It will be an 80% export-oriented unit
with
substantial
tax-benefits.
Bhagyanagar India and Surana Telecom
will hold 40% each in the Rs 3 bn project
with the remaining 20% being held by
the core promoters of the company”.
“We believe that the project will be value
accretive for Bhagyanagar India but only
on a long term basis as it will be essential
to see whether the company can go as
per its fund raising plans given the globally weak market conditions. At current
levels, the stock quotes at 5.8x FY08E
and 5x FY09E fully diluted earnings Buy
at 38 target 65 to 80 in 6 to 12 months
INVESTOR CAN BUY STOCK AT THIS
RATE FOR ONE YEAR HORIZON
Dear Investor,
almost 4 times at Rs.70.17 crore. Its
total expenses also surged equally at
Rs.57 crore as against Rs.13.32 crore
in Q3 FY07. Of this, the cost on raw
materials took away Rs.87.51 crore,
which was at Rs.11.16 crore in Q3
FY07. Thanks to the stock-in-trade, the
company was able to recoup some of
this outgo, yet it continued to remain
high. PBT rose over 3 times at Rs.12.34
crore and PAT surged from Rs.3.44
crore to Rs.10.95 crore.
The Sensex declined by 766 points
(4.9%) to close at 14995. The market
has recovered over 200 points on the
last day of the truncated week after the
US Fed cut its key interest rate by
75bps and better than expected earnings from Lehman Bros and Goldman
Sachs. Over the weekend, the Fed had
cut its discount rate by a quarter percentage point and had approved JP
Morgan’s acquisition of Bear Stearns.
The global markets witnessed a relief The growth in net profit and total inrally buoyed by the series of
come was primarily
Fed announcements. Still,
driven by the inC o n c r e a s e d
sumer
utilisation of
Durable,
production
Metal,
capacity at
Small
its smart
C a p ,
c a r d
Auto,
manufacBanking,
turing faReal Escility,
tate and
along with
Mid-Cap stocks continued
a jump in
their southbound journey.
its regular
The Indian markets was shut
solutions
on March 20 and March 21 due to pub- business. The company commissioned
lic holiits 80d a y s .
million
F&O ex- NO ONE CATCH BOTTOM AND s m a r t
piry will
per
NO ONE CAN FATCH TOP SO cards
make the
annum
market
BETTER START INVESTING facility at
even more
Medchal
volatile
on the outskirts of Hyderabad in July
next week. Record high crude oil prices 2007. The company is targeting 40 miland the unwinding of the Yen carry lion cards during the current financial
trade are major concerns. However, year. It is a major beneficiary of the
good advance tax figures mean that cor- Railway Budget, which announced that
porate earnings growth would be good smart card-based ticketing system was
for the fourth quarter. Open interest in on the anvil.
the F&O segment has reduced sharply
post the correction. The market trend The company is now looking closely
will be determined by global factors and at the European markets, to acquire a
upcoming results. Financials and real European company, similar to the one
estate will remain our top picks, after that it had done in the US, for over
the recent correction in both these sec- $50 million (around Rs 200 crore). It
tors. Some of the top picks are ICICI is scouting for a company that is enBank, Axis Bank, SBI, HDFC, HDFC gaged in the RFID technology and
Bank, DLF, IBulls Real Estate and smartcard solutions.
Unitech..
The company, in January 2008, acquired the assets of Proximities Inc and
Stock Recomandation for the week:
SRG America Inc for a total considerBartronics India, a zero debt company ation of $50 million (around Rs.200
based in Hyderabad is engaged in pro- crore), which it raised through issuance
viding solutions using automatic iden- of zero coupon unsecured FCCBs.
tification, data capture (AIDC) technologies and radio frequency identifi- It plans to utilise the 80-million procation (RFID) solutions. On Novem- duction capacity at its plant during the
ber 16, 2007, the Company announced next financial year. This, coupled with
the incorporation of a wholly owned its overseas plans, is expected to fuel
the company’s topline to touch Rs.500
subsidiary, Bartronics America Inc.
crore next year.
For the third quarter ended 31st December 2007, YoY, the company has posted The stock is a good buy at the current
very good results. Its net sales was up rate of Rs.165.
23-3-2008 to 29-3-2008
Jindal Photo
BSE:532624
Jindal Photo (JINDALPH), part of
the B.C. Jindal group, is a manufacturer of photographic and allied
products. It was incorporated in
1986.
The company‘s product range includes color roll films, analog and
digital cameras, photographic color
paper, medical X-ray films and
equipment, photo processing
equipment, cine color positives,
photographic chemicals, ..etc. It
markets its products under the
brand name Fujifilm. The company
has a technical and marketing tieup with Fuji Photo Films Company,
Japan and a technical tie-up with
Fuji Hunt Photographic Chemicals,
Singapore (a subsidiary of Fuji, Japan) to manufacture photo chemicals. The ISO 9002 certified company has its manufacturing plants
in Dadra and Jammu.
Jindal Photo has a photography
training institute in Delhi. The Academy of Photographic Excellence
conducts one-year diploma courses
apart from short-term weekend
courses. It has acquired a 38.74%
stake in the existing group SPV,
namely, Jindal France SAS for acquiring a strategic stake in Coheris
SA, a company listed in France.
Jindal Imaging is a subsidiary of the
company.
The company has sold photo-finishing labs throughout the country
as part of its business strategy. It
has set up 800 Fuji image service
(FIS) facilities, a specialized outlet
to sell Fuji products and over 400
Fuji digital imaging (FDi) facilities
as an extension of the imaging services already available across India. The company markets the Fuji
digital range of products including
digital ID systems, digital cameras,
and digitized photographic processing equipments after importing it
from Japan.
The registered office of the company is located in 260/23, Sheetal
Industrial Estate, Demani Road,
Dadra and Nagar Haveli Union Territory-396193.
Jindal Photo has made an investment in the existing group SPV viz.,
Jindal France SAS by way of subscription to 2.8 million shares of 1
euro each in its share capital at a
value of 2.8 million euros constituting 38.74% of its increased share
capital. One of the other group companies has also made an investment
of Euros 0.7 million towards subscription to 0.7 million shares of 1
euro each. The aggregate equity
amount of 3.5 million euros to-
7
gether with loan has been utilized
by the said SPV for the purpose of
acquiring strategic stake in Coheris
SA, a company listed in
France.Coheris SA is in the business of software publishing in the
field of CRM and business intelligence and occupies leadership position in Europe in this area.At the
current price of Rs. 126 it is trading just below 3 of estimated current year’s EPS . Investat every decline and ata reasonable pe if 5 this
stock must go up to rs. 225 in medium term.
Manugraph India
BSE:505324
Manugraph India was established
in 1972 for manufacturing high
speed printing machines and allied
equipment. It currently is the largest manufacturer of offset and sheet
fed offset presses in the country. It
is a leader in the niche 4-page newspaper offset printing press market.
It also caters customers in markets
like
South
America, Europe,
Middle East, Asia
and the CIS countries. VEB Polygraph Leipzing
G D R
and Kovo of Czechoslovakia are
technical collaborators of the company. Some of the clients of the
company include newspapers like
The Times of India, Dainik
Bhaskar, Hindustan Times, Dainik
Jagran, etc.
The company is the leader in manufacturing and supplying of web offset presses. It has market share of
70%. Nearly all-major publication
houses in the country use the
presses having speeds ranging from
35,000 to 55,000 copies per hour.
The company provides customised
solutions for newspaper printing, 16
page commercial printing, automated sheet fed presses and ancillary products like remote ink control systems. The company also has
a team of over one hundred service
specialists for providing services
before and after the press installation. They provide services for installation, maintenance, planning
and repairs. The company also
maintains a supply of 90% of the
spare parts required for all its
presses.
The company plans to stay focused
in the services segment, in the coming years. It also intends to take part
in trade shows in India, CIS countries and other places, in order to
attract newer customers and combat competition from Chinese
manufacturers. Company holds
70% markdt share in printing press
and leading co;mpany of India.
Now its share price come do;wn to
one third of it high made in recent
past. Company may register Rs. 16
EPS in current year and at
currentprice of Rs. 80 this scrip
trading just on 5 PE and good tome
to pick this to earn handsom return
in medium term.
Orchid Chemical
& Pharmaceuticals Limited
BSE:524372
Orchid Chemicals & Pharmaceuticals (ORCHIDCHEM) is a
Chennai-based pharmaceuticals
(bulk drugs) company. With exports spanning more than 75 countries, it is the largest manufacturerexporter of cephalosporin bulk
actives in India and is ranked
amongst the top five cephalosporin
producers globally. The company
was incorporated on July 1, 1992
and obtained the certificate for
commencement of business on
Oct.
15.
ORCHIDCHEM‘s antibiotics portfolio includes cephalosporins,
high-end
betalactams,
monobactams and carbapenems. Its
non-antibiotic product portfolio
covers drugs in central nervous system, cardiovascular, gastro-intestinal, pain management and osteoporosis therapeutic categories,
..etc. Orchid has two manufacturing sites for APIs and three manufacturing sites for dosage forms besides
two
R&D
centers.
In 1994, it entered into an agreement with SBD Laboratories, Italy
for technology to keep production
in sterile condition. In 1998, it entered into the formulation market.
The Drug Controller of India
granted a licence to Cipla and Orchid Pharmaceuticals & Chemicals
to export sildenafil citrate, the bulk
drug that goes into Pfizer‘s patented
anti-impotence pill Viagra. In 2000,
it entered into a joint venture with
the UK-based Cambridge Chemicals to distribute its nutraceutical
products in that country.
The managing director K.
Raghavendra Rao has been conferred the Doctor of Letters (Honoris Causa) by the Thanjavur based
SASTRA University. The honor
was conferred on K. Raghavendra
Rao at the XXI Convocation of the
University held in Thanjavur on
July 28, 2007. The Doctorate has
been bestowed for his entrepreneurial achievements and contribution to the growth of the Indian
pharma industry.
The company received approval
from the US FDA for its ANDAs
(abbreviated new drug application)
for Cefdinir for capsules 300 mg
and Cefdinir for oral suspension
125 mg/5 ml and 250 mg/5 ml.
Cefdinir is a life-saving cephalosporin antibiotic drug which became generic only recently. This
stock was beaten by 40 percent last
week but there is no fundamentally
change in this company Now at
Rs.116 it is trading at only on PE
and in long term it will fetch attractive return. Invest at every decline.
List of Holidays
BSE will observe the following Trading Holidays during the
Calendar Year January to December, 2008.
Holidays
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Mahashivratri
Id-E-Milad
Good Friday / Holi (1 st Day)
Ambedkar Jayanti
Mahavir Jayanti
Maharashtra Day
Buddha Purnima
Independence Day
Ganesh Chathurthi
Ramzan Id / Gandhi Jayanti
Dasera
Diwali (Laxmi Pujan)
Diwali ( Bhaubeez)
Gurunanak Jayanti
Bakri-Id
Christmas
Date
Day
6th March 2008
20th March 2008
21st March 2008
14th April 2008
18th April 2008
1st May 2008
19th May 2008
15th August 2008
3rd Septe. 2008
2nd October 2008
9th October 2008
28th October 2008
30th October 2008
13th November 2008
9th December 2008
25th December 2008
Thursday
Thursday
Friday
Monday
Friday
Thursday
Monday
Friday
Wednesday
Thursday
Thursday
Tuesday
Thursday
Thursday
Tuesday
Thursday
23-3-2008 to 29-3-2008
8
STOCK MARKET PREDICTION
FOR THE WEEK OF 24-03-2008
TO 28-03-2008
INTRODUCTION
Rajnikant
Thakkar a well
known name in
Financial corporate Astrology.
He is working
with a financial institution since
1982.He has been awarded
·Jyotish Ratnam by Bruhad
Gujarat Astrological Society,
Ahmedabad ·Jyotish Visharad by
Bruhad Gujarat Astrological Society, Ahmedabad · J y o t i s h
Visharad by Academy of Vedic
Astrology (K.P.), Ahmedabad
·Award of Honour by Steller
Healing Research Centre,
Chandigardh ·Jyotish Bhaskar by
by Akhil Bhartiya Saraswati
Jyotish Manch, Delhi ·Jyotish
Marmagna by Future Point Pvt.
Ltd ·K.P. Hora Ratna by K.P.
Sari, Chennai ·
Jyotish
Vachasparti by K.P. Sari,
Chennai
He is giving his astrological
views in many leading newspapers and magazines.
During the week Sun will transit from Pisces, Moon will transit from Libra
to Scorpio,
Mercury will
transit from
Aquarius, Venus will transit
from Aquarius,
Mars will transit
from
Gemini, Jupiter
will transit from
Sagittarius, Saturn will transit
from Leo, Rahu from Aquarius,
Ketu from Leo, Pluto from Sagittarius, Neptune from Capricorn and Harshal from
Aquarius. Looking to the above
planetary position the market
will act as on: 24 Monday
Open & Close with bear. Electrical, Electronic, I.T. PSU, Will
decline.
25 Tuesday
Open with bull trend flat from
14.52 p.m. Bank, Paper,
Luxuries items, Beverages, Hotel, Motel, Diamond, Jwellary
will rise.
26 Wednesday
Open & Close with bear. All sectors will decline, sell on each
jump.
27 Thursday
Bear day, all sectors will decline.
28 Friday
Open with bull trend, dual trend
from 13.25 p.m. but at
the close market will rise.
Chemical, Infrastructure, Color,
Bank, Paper, Housing will
rise.
During
the week
Cummins,
Grasim,
HPCL, Polaris
Software,
Bongaigaon Refinery, HDFC
Bank, Hindalco, Matrix Lab,
NDTV, Nicholas Piramal, Orchid Chemical, Patni Computers, SBI and SCI will give good
return.
A Mutual Fund is a trust which holds the money invested by a group of investors
All of us as adults spend a lifetime working hard to earn
money. Money is probably the
most vital commodity for leading a good life. As wise men
have said, money is not everything - money is not an end but
it is definitely the means to
many ends that provide us happiness and accomplishment –
may it be a big house, a luxury
car, professional education for
our children, a wedding celebration in the family, a well-deserved foreign vacation or an independent retired life.
I am sure that all of you have
worked hard to gain expertise in
your profession and earn money
to lead a fruitful life. But having done that, do you know how
to grow your money? Does your
money earn more money for
you? There are so many questions everyone has about money
but no answers!!!
grow it and ensure that it does
not lose its value. Have you ever
thought that if you work hard to
earn Rs. 100 and then invest it
badly losing its value by Rs. 10
worth of inflation that means
you have wiped out 10% of your
efforts! Just imagine you have
worked hard for 40 years and
your employer pays you salary
for only 36 years!!! This is exactly the effect inflation has on
your investment.
It is our duty towards our family
How do you make your money
grow with the best possible returns?
How much money do you need
for a contented retired life?
Why do bank deposits return
only 8% but shares can multiply money?
How do you save tax?
Why does the stock market go
up one day and down the other?
How does politics matter to
one’s personal finance?
There are doctors for medical
health but who protects financial health?
If you think about these matters
you will realize that our educational system does not teach us
how to manage money, how to
that we safeguard their financial
future and that does not end with
just earning money. When you
fall sick you do not treat yourself, when your car breaks down
you do not repair it yourself, so
why manage your own money
and let your finances fall into
disrepair??? For making sure
that your life’s efforts are not
going down the drain please
make sure you have prepared a
financial plan with the help of
an expert – your doctor for financial health. Professionally
managed money by way of Mutual Funds is the right solution
to all your problems.
What is a Mutual Fund? How
WORLD MARKET END POSITVE ON
GOOD FRIDAY AND HEAR WITH
SENDING SOME TECHNICAL PICTURES OF BSE AND NSE YEARLY
CHARTS SHOWS SOME HOPE FOR
MARKET
IF
M A R K E T
SURGE FROME
MOND A Y
UNTILL
3
1
MARCH
A N D
CLOSE
ABOVE 17300/
5230
THEN
THERE WILL BE DOUBLE TOPE IN
SAME YEAR WISH YOU ALL HAPPY
HOLI,GOOD FRIDAY,IDD MUBARAQ,
NAVROZE TOO PRAY GOOD FOR
GOOD DAY AHEAD MARVELLOUS
RESEARCH
does it work?
A Mutual Fund is a trust which
holds the money invested by a
group of investors in safe custody. This trust is managed by a
board of trustees which appoints
a third party fund management
company called the asset management company to invest the
money on behalf of these investors. An asset management company – AMC - is a professional
body whose only job is to manage other people’s money for a
fee that they charge. The fees are
regulated by SEBI and whatever
returns that the fund manager
generates are paid back to the
investors either by way of dividend declared by trustees or by
way of an appreciation in the
net asset value of the mutual
fund scheme.
Investors are supposed to deposit money with the trust under various schemes of their
choice. There are different
schemes for different investment
goals. There are equity mutual
fund schemes for investors who
want long term capital appreciation, there are bond mutual
funds for investors who want
regular income and there are
money market or liquid mutual
funds for investors who want
safety of capital and high liquidity with medium returns. In real
life investors have investment
goals like , “I want to buy a big
house after 5 years”, “I want to
send my son to USA for education after 10 years”, “I want to
get a monthly income for my retired parents”, “I want to buy a
car next year”, “I want an alternative investment rather than
keeping money idle in my bank”
etc. So how do they select the
Continue on ....5
23-3-2008 to 29-3-2008
9
GOOD
LONGTERM
BET
SIMPLEX INFRASTRUCTURES
Simplex Infrastructures was incorporated
as Simplex Concrete Piles (India) Ltd in
1924. The company came under the management of the Mundhra family in 1947.
The company went public in 1993 and
changed its name to Simplex Infrastructures in 2005.
With over 80 years of experience, Simplex has a presence in several streams of
infrastructure, industrial and real estate
construction. The infrastructure presence
of the company spans across power, marine, urban infrastructure, roads, railways
and bridges. Real estate construction covers the building and housing projects and
the industrial sector caters to the industrial construction demand.
The piling sector, where Simplex Infrastructures is known for its expertise, caters to the demand from all three streams
of the company. We expect the company
to benefit from the increased thrust of the
Government on infrastructure as well as
growing construction demand in the real
estate sector, going forward.
Following are the key business segments
of Simplex :
Power
Power division projects span across the
construction of thermal, hydroelectric,
and nuclear power plants. Simplex does
civil works, design and construction of
coal handling plants, water treatment
plants along with construction of RCC
chimneys, cooling towers and cooling
water systems. The current order book of
the company in the power segment stands
at Rs.12.9 bn.
Marine
Simplex Infrastructures has been present
in this segment since 1960 and is associated with most of the major marine
projects in India. Marine division
projects entail construction of ports, jetties, wharves, terminals, lighthouses,
breakwaters and quays. The current order book of the company in this segment
stands at Rs.8.3 bn.
BSE Code : 531266
Current Price : Rs. 116.75
Equity : 5.76 Crore
VST Tillers Tractors Ltd. is a major player
in the power tiller industry and is cashing in on the tractor boom. It also has an
integrated facility for engine components. Its products find application in dry
tilling, cultivating, deweeding, water
pumping, ploughing, ridging, wet pud-
BSE Code : 532838
Current Price : Rs. 493.85
Equity : 9.85 Crore
Urban infrastructure
In this division, Simplex has taken
projects in water, waste and sewerage
treatment plants, pipelines and metro
rails. The company was also associated
with the prestigious Delhi Metro Rail
project. Simplex has also bagged repeat
orders. The current order book in the segment stands at Rs.12.9 bn.
Transportation
Simplex has constructed flyovers, elevated corridors, roads, railways tracks
and other related activities. The company has been associated with prestigious
projects and has built a vast experience
with the current outstanding order book
standing close to Rs.15.6 bn in this segment.
Building and housing
Projects in this division span across constructing multi-storied residential and
commercial towers, mass housing, and
institutional buildings. Order inflow in
this segment is quite strong due to strong
demand emerging from real estate developers for their residential and commercial projects. Simplex would continue to
leverage on its expertise to bag quality
projects in this segment. The current order book of the company stands at Rs.23
bn in this segment.
Thus with a strong order book of Rs.92
bn in diversified across piling, power,
marine, transportation, building and
housing, urban infrastructure and industrial projects, is a good bet for medium to
long term.
Sales and NP for year ended 06 – 07
were 1708.3 Cr. & 53.9 Cr. Sales and
NP for latest Quarter 704 Cr. & 22Cr.
On YOY basis NP has increased by 28 %
& based on quarter latest its increased by
29%
Dividend during year ended 06 – 07 was
80 %
One can buy this stock for an upside of
25 – 30 % in next 3 - 4 months.
VST TILLERS TRACTORS LTD
dling and transportation of goods. Its
engine components have great export
potential.
The promoters hold 55.6% in its equity
capital. Mitsubishi Heavy Industries
holds 3%, non-promoter corporates hold
7% leaving 34.4% with the investing
public.
VST Tillers has 30 acres of land in prime
areas of Bangalore and Mysore. It has 23
acres land vacant as its plant occupies
only 7 acres and its land value is believed
to be pegged at a whopping Rs.300 cr.
Sources say that VSTTTL might consider
relocating its plants due to traffic inconvenience. If this happens, it will unlock
substantial value for shareholders.
The government’s policy on agriculture
and the introduction of the Bharat
Nirman Programme for creating massive
rural infrastructure that will directly boost
the demand for VST Tillers products.
Overseas, several importers realizing the
business potential for its power tillers
have begun imports. These low cost tillers
qualify under subsidy schemes that could
intensify competition abroad.
The demand for VST Tillers tractors
started on a buoyant note especially in
Maharashtra and Gujarat. With higher
volumes planned, new markets for low
horse power (HP) tractors are being es-
IVRCL
Based in Hyderabad, IVRCL is an infrastructure development Company. The
Company focuses on four infrastructure
segments - Water & Environment, Transportation, Building & Industrial Structures and Power. The water division of
IVRCL lays down water pipelines for
supplying drinking and industrial water,
lift irrigation projects, construct underground drainage and sewer treatment
plants, build recycling and recovery facilities and lay down pipelines for delivery of oil and gas. IVRCL Water Infrastructures Limited focuses on water related DBOOT and BOT projects.
IVRCL’s transportation division builds
new roads and highways and upgrade the
existing road infrastructure. IVRCL Road
Tollways Limited was formed with a focus on BOT projects. The subsidiary invests in and operates long term BOT
projects like toll ways.
The building and industrial structure division of IVRCL develops residential,
commercial and industrial properties. IVR
Prime operates in this segment and presently it is developing properties in
tablished. The growth of the power tiller
and tractor industry is directly linked to
the GDP growth of the Indian economy.
The Central and State Governments have
given priority to agriculture and rural
development by providing subsidies to
small and marginal farmers. It is pertinent to note that almost 70% of the power
tillers sold by VST Tillers are through
government schemes. As such the prospects for VST Tillers look extremely
bright.
Any move of shifting its manufacturing
base from its prime location in Bangalore and Mysore will unlock substantial
value for its shareholders.
Sales and NP for year ended 06 – 07 were
162.3Cr & 12.5Cr. Sales and NP for latest Quarter 44.9Cr & 3.4Cr.
On YOY basis NP has increased by 69%
Dividend during year ended 06 – 07 was
40 %
One can buy this stock for an upside of
25 – 30% in next 6 months.
BSE Code : 527001
Current Price : Rs. 357.60
Equity : 26.69 Crore
Chennai, Hyderabad, Bangalore, Noida
and Pune.
The power division of IVRCL installs
transmission lines, high voltage distribution systems and sub-stations. The
power division also provides support to
the other divisions of IVRCL.
IVRCL currently has a strong order-book
position of Rs10597 crore (4.24x FY07
sales) and more than 60% of the order
backlog is in irrigation sector, remaining 40% is contributed by transportation,
urban infrastructure and power transmission and distribution business.
Sales and NP for year ended 06 – 07 were
2346.5 Cr & 142 Cr. Sales and NP for
latest Quarter 985.6Cr & 64.1Cr.
On YOY basis NP has increased by 53 %
& based on quarter latest its increased by
102 %
Dividend during year ended 06 – 07 was
50 %
One can buy this stock for a upside of 30
– 40 % in next 4 – 6 months.
23-3-2008 to 29-3-2008
10
FROM THE LION’S DEN
IS THIS THE END OF AGONY?
might not be so bad.
Indian market has been experiencing
bear phase since the last 10 weeks. The
bear phase is very painful and leaves
behind lot of scars on the portfolio of
investors. This time their portfolio has
been reduced to less than 50% of the
invested amount. So every investor and
trader has been asking the same question, as to when this painful correction
will end.
The liquidity flow in the US market due
to the recent rate cuts, will find its way in
the Indian market. That will be the trigger that might change the sentiment of
the trading fraternity. As a result the Indian Mutual funds, who are sitting on a
huge pile of cash, will have put the
money in the market.
Q. Has the correction ended?
LION ROARS: The answer cannot be
a simple yes or no. When the market
fell steeply from a dizzy height, we
called this a sharp correction. The market got hurt because of the steep fall
and is now resting before trying to move
up. It will be difficult to differentiate
between the last phase of correction
and the start of a recovery. The recovery will be a slow
and
painful process.
The market
will first come
out of ICU,
into a normal
hospital room
and then in the
next stage will be
discharged from
the hospital. So
the process is
bound to take
sometime. Infact it
will be healthy for
the market, if it
Q. Will short selling be bad for our
market?
LION ROARS: Short selling, which will
be allowed come April 21st 2008, will
certainly not be bad for our market. The
reasons are discussed below:
1. Our market has always been a long
only market. That means that one has to
have a bullish view in the market or a
stock, so that he can buy at a lower price
and sell when it reaches a higher level.
But there was no way, one could express
that a stock was overpriced. But now, that
will change and one will be able to short
the stock at unsustainable prices. So it
won’t be ONE WAY traffic anymore.
2. Introduction of
short selling will
lead to a better
price discovery
mechanism. The
market price will be
determined by the
demand and supply forces, with-
SHAHENSHAH OF FINANCIAL JUNGLE
rests for sometime before running
again.
out any undue advantage to either side.
Q. What should the investors and traders do?
3. It will be difficult for the operators to
jack up the prices easily, as others in the
know can short the script. Henceforth,
stock price manipulation will be difficult.
LION ROARS: Investors, for the first
time in the last four years, are able to
find value in the Indian stock market.
Investors should keep in mind that the
Indian growth story is still intact. So,
when the market itself has corrected
30% from the top, it is an opportunity
for the investors to buy for the long term
and reap the benefits. Returns from this
level will be atleast 50% over a 12 to
18 months perpective. So investors
should start investing, as such opportunities are rare and should not be
wasted.
As far as traders are concerned, they
should stay away as the market is very
choppy and volatile. The chances of
making money appear slim and the
chances of the stop loss getting triggered are very high. Traders better stay
away.
Q. What will lead to reversal in the
trend?
LION ROARS: The main trigger will
be the Q4 results. The result season will
kick off in the first week of April and
that will provide a direction to the market. The advance tax figures of the Indian companies are very robust and that
is a good indicator that the earnings
4. Short selling need not mean that the
prices will decline easily. Infact, short
sellers will cover their short positions
when the market falls and they act as a
cushion to the falling prices.
5. Short covering rally are a treat to watch
in the stock market. Short covering can
often lead to panic buying and that rally
is generally one sided. This leads to a
bear squeeze. There is no need to sympathize if the bears are squeezed.
What is the conclusion?
LION ROARS: Simple, start investing,
as the investors never had it so good.
There is utter pessimism in the market
and that precisely is the reason that the
bear phase will end sooner rather than
later. Always remember that majority of
the people lose money in the stock market and in the same logic, majority are
normally never right. So when every one
is talking of Sensex in four digits, it is
time for you to take the fishing rod out
and do some bottom fishing.
BY THE WAY HAPPY HOLI TO ALL,
LION SIGNS OFF AND LEAVES FOR
HUNTING.
BEWARE OF OPERATORS CALL,
SURE SHORT, Punters CALLS
We have come across few people charg- We request all to be aware of such
ing huge fees misguiding people that cheatings. You will loose your money in
they have connection with operators. If such a call. Even if on few occasion you
any one of you Had joined such services get some information, you
in past, you must have bad experience
shall understand
of Loosing money. In January crash,
F
that such operaO
K
ES
D
we have seen some of the
E
tors will never
H
MT
O
M-cap And small
R
be trust worF
TER
caps fallen more
thy. Some one
A LET
than 50 %. All of
near to the operators can
such calls were
resort to such illegal practices only
given under such
causing heavy losses to innocent invesmisleading matters.
No operator tors. If he buys or sells, he is the looser in
would like to take risk Of supplying in- spreading news about his activities. Only
sider information calls because, Opera- when he wants to exit, he will give buy
tors have huge exposures.
call so that he can have safe exit.
AK
T
O
DK
A
R
SHA
ONE BIG CHANNEL IS ANTI INVESTORS?
Most of the investors must have
seen that one TV Channel spreading UN authenticated news to help
some people. Last time we had
seen such news on one TV channel covering story about relaxation
in P-Note norms. Till today such
news are not confirmed by concerned authorities. On the day this
channel spread UN confirmed
news that SEBI may restore P-note
status to its original form and market had seen buying. It might have
deliberate act to support some
people to exit safely.
We strongly protest against such
news. Nothing has heard in this
news till date. What was the purpose of spreading UN confirmed
news? To help few? We hope you
got the idea about this TV channel.
It is also seen that this channel hammering on mindset of investors by
repeated bull or bear scenario by
calling only those analyst who endorse views expressed by this channel one sided. Investors shall avoid
watching this channel.
MARKET MAY SEE SOME BUYING IN COMING DAYS ?
We feel that Global markets have
shown some positivity during last
week. We are in correcting phase
since January. Now people have
lost confidence in the market. Why
we shall follow Few FIIS ?
time. Few people hammering stocks
to crash the market in early minutes shall be checked legally or
morally , too, if not possible by prevailing lows. Specific
US market is trading below one
year averages, still we have not seen
crash like January happened in India. It questions stability of our
market as well as capacity of regulating authority. Such instances
rattles affects confidence for longer
Norms shall be formed to check
such instances. We shall urge SEBI
and concerned ministry to take stern
action against price hammering
people. It is not the act one man can
perform. It is the work of cartel
which has successfully managed
this drama more than once.
DIVIDEND DECLARED
ScripCode
505232
530007
517174
500166
531213
500488
524388
505790
500150
532276
506390
500660
500674
524174
506222
500680
Scrip Name
DENISON HYDR
JK TYRE IND
HONEYWEL AUT
GOODRICK GRP
MANAP GEN FI
ABBOTT INDIA
CRAZY INFOTE
FAG BEARING
FOSECO INDA
SYNDICATE
CLARI CHEM
GLAXOSMITH
AVENTIS PHAR
KESAR PETROP
LANXESS ABS
PFIZER LTD.
Ex-Date
24 Mar 2008
24 Mar 2008
25 Mar 2008
27 Mar 2008
27 Mar 2008
28 Mar 2008
28 Mar 2008
28 Mar 2008
28 Mar 2008
28 Mar 2008
31 Mar 2008
02 Apr 2008
03 Apr 2008
03 Apr 2008
03 Apr 2008
03 Apr 2008
Purpose
Dividend
Dividend
Dividend
Dividend
Interim Dividend
Dividend
Stock Split from
Dividend
Final Dividend
Interim Dividend
Dividend
Dividend
Dividend
Rs.
5.00
2.70
10.00
1.50
1.50
17.50
Rs.10/-to Re.1/4.00
7.00
1.50
10.00
36.00
12.50
Reduction of Capital-
Dividend
Dividend
3.00
27.50
23-3-2008 to 29-3-2008
Madhav Ranade
(M) 09371002943 or
email :
[email protected]
You have seen the trading levels last
few weeks and how good they worked
…….. now I have given the levels for
a few stocks. Full list covers about 60
stocks. These levels will be available
only to my yahoo group paid members.
Position trading entry levels as well
as stoplosses should be considered as
triggered when the level is consistently
breached for a minimum period of 15/
20 minutes. Also breaching of the
level in the opening / last 15 minutes
of trade should not be considered at
all.
Today, I have given levels for 8 stocks,
4 commodities and 5 important world
indices. This should give you some
indication about the shape of things to
come.
One thing I must mention at this juncture. Not one of my paid clients has
made a loss in the last six / eight
week’s upheaval. All of them were
out of their longs when nifty broke
5880 on daily closing level. This level
was given to them in first week of
January. The aggressive traders infact
Stocks
Commodities
Trading levels
for 24 th / 28 th
march 2008 . . .
made tonnes of money by going naked
shorts or buying puts.
My paid subscribers get levels for 60
stocks. But it is advisable to pick any
10/12 stocks of your choice and track.
Even if you can take 2/3 trades you may
find atleast one big winner and make
enough money to pay my annual fee of
rupees 6,000. For this please go to my
group http://finance.groups.yahoo.com/
g r o u p / S U M A M U R A POSITIONTRADING/
I have also started a new yahoo group
for options trading guidance. The subscription is 12,000 rupees for full year.
With a capital of just 50,000 rupees, you
will have potential to earn minimum of
10,000/12,000 rupees – every month.
http://finance.groups.yahoo.com/
group/sumamura-optionstrading
I am now available on yahoo messenger
on most of the trading days and you can
add me on your yahoo messenger. My
yahoo id is madhavranade1
Please call me if you have any doubts or
you need levels for some other stock. I
am available on 09371002943 or on
[email protected]
11
WEEKLY SUPPORT AND RESISTANCE LEVELS
ANURAG GUPTA
MOBILE : 9255191643
SYMBOL
CLOSE
NF MARCH
4572.70
ADLAB FUTURE 535.95
ABB FUTURE
1104.30
ACC FUTURE
776.15
BA.BARODA F 271.90
BEL FUTURE
1194.05
BEML FUTURE 985.65
BHEL FUTURE 1853.70
BOMDYE FUTU 588.25
BPCL FUTURE 386.75
CANBK FUTU 207.80
CENTTEX FUTU 673.25
CIPLA FUTURE 206.65
DIVISLAB FUT 1189.95
DRREDDY FUT 544.65
GAIL FUTURE 418.45
GRASIM FUTU 2602.30
HCLTECH FUT 256.40
HDFC FUTURE 2225.20
HDFCBA FUTU 1269.35
HEROHON FUT 653.25
HINDUNI FUTU 225.70
IDFC FUTURE 139.75
IDBI FUTURE 85.25
IFCI FUTURE
41.00
HINDPET FUTU 255.15
I-FLEX FUTURE 927.00
ICICIBANK FUT 768.70
INDIACEM FUT 169.90
INFOSYSH FU 1345.40
IOC FUTURE
434.25
ITC FUTURE
187.35
IVRCLIN FUTU 357.25
LT FUTURE
2844.85
M&M FUTURE 663.85
MARUTI FUTU 824.35
MTNL FUTURE 97.40
NDTV FUTURE 371.95
ONGC FUTURE 996.85
ORIENTBANK F 162.00
PARSVNATH F 191.70
PRAJI FUTURE 111.10
PUNJLLO FUTU 313.95
PATNI FUTURE 205.30
RANBA FUTUR 449.70
REL FUTURE
1209.60
RELCAPIT FUT 1100.60
RELIANCE FUT 2157.80
SATMCP FUTU 390.25
SOBHA FUTUR 599.75
SBIN FUTURE 1605.45
TATAMO FUTU 644.05
TATAPOWER F 1050.80
TATATEA FUT 776.75
TCS FUTURE
813.20
TATASTEEL FU 635.80
TITAN FUTURE 926.75
UNITECH FUTU 267.90
TATACOM FUT 509.75
WIPRO FUTURE 377.55
ZEEL FUTURE 245.00
FROM 24 March TO 29 March 2008
TREND
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
RES2
4852.23
642.25
1219.73
825.98
310.93
1396.62
1185.22
2005.50
686.08
437.92
227.13
748.75
218.48
1300.28
575.55
436.28
2917.10
284.07
2571.73
1416.98
734.42
251.90
157.65
98.68
50.40
278.12
1000.30
908.30
195.27
1396.13
485.42
197.02
396.95
3056.95
723.85
861.45
106.27
390.75
1055.88
199.03
217.93
136.87
366.25
223.77
481.90
1375.13
1385.27
2346.57
418.08
692.98
1712.48
686.02
1236.70
833.22
883.47
723.93
1099.58
317.87
600.65
414.85
276.33
Email : [email protected]
RES1
TREND LEVELSUPP1 SUPP2
4712.47 4594.23
4454.47 4336.23
589.10 559.60
506.45
476.95
1162.02 1092.38
1034.67 965.03
801.07 773.08
748.17
720.18
291.42 277.48
257.97
244.03
1295.33 1228.72
1127.43 1060.82
1085.43 1030.22
930.43
875.22
1929.60 1852.80
1776.90 1700.10
637.17 601.08
552.17
516.08
412.33 394.42
368.83
350.92
217.47 209.23
199.57
191.33
711.00 676.25
638.50
603.75
212.57 206.08
200.17
193.68
1245.12 1183.83
1128.67 1067.38
560.10 542.55
527.10
509.55
427.37 414.83
405.92
393.38
2759.70 2672.60
2515.20 2428.10
270.23 251.12
237.28
218.17
2398.47 2266.73
2093.47 1961.73
1343.17 1255.18
1181.37 1093.38
693.83 668.42
627.83
602.42
238.80 228.40
215.30
204.90
148.70 141.55
132.60
125.45
91.97
88.28
81.57
77.88
45.70
42.90
38.20
35.40
266.63 258.32
246.83
238.52
963.65 931.85
895.20
863.40
838.50 780.35
710.55
652.40
182.58 172.32
159.63
149.37
1370.77 1338.88
1313.52 1281.63
459.83 441.42
415.83
397.42
192.18 186.62
181.78
176.22
377.10 360.15
340.30
323.35
2950.90 2815.95
2709.90 2574.95
693.85 655.00
625.00
586.15
842.90 821.45
802.90
781.45
101.83 98.42
93.98
90.57
381.35 375.60
366.20
360.45
1026.37 995.73
966.22
935.58
180.52 170.48
151.97
141.93
204.82 196.48
183.37
175.03
123.98 117.02
104.13
97.17
340.10 315.85
289.70
265.45
214.53 202.27
193.03
180.77
465.80 448.90
432.80
415.90
1292.37 1226.23
1143.47 1077.33
1242.93 1146.47
1004.13 907.67
2252.18 2191.62
2097.23 2036.67
404.17 382.03
368.12
345.98
646.37 613.33
566.72
533.68
1658.97 1623.48
1569.97 1534.48
665.03 631.02
610.03
576.02
1143.75 1085.05
992.10
933.40
804.98 778.77
750.53
724.32
848.33 809.67
774.53
735.87
679.87 654.93
610.87
585.93
1013.17 951.58
865.17
803.58
292.88 273.82
248.83
229.77
555.20 514.55
469.10
428.45
396.20 372.75
354.10
330.65
260.67 244.33
228.67
212.33
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
World indices
1. This model is based on the premise that the TREND LEVEL is the most important price level that
decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind,
the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply,
volatility and market sentiments prevailing in the market. Hence its importance in intraday trading.
2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally
High and Avoid SELLING if prices open too low.
3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the
resistant level (res1 and res2)
4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near
the support level (sup1 and sup2)
5. STOP LOSS: Since you are aware of the ‘potential returns’ at the time of initiating an intraday trade
(difference between the entry price and profit targets), you should set up an appropriate STOP LOSS
around 1% above below of the trade price to protect yourself if the market turns and goes against you.
6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a
stop loss level, and find during the course of the trading day that the market turns and goes the other way
and crosses the TREND LEVEL, then trade again:
.For
instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to
lower price levels, then GO SHORT.
.
And, if your first trade was a SHORT trade, and the market price rises through the TREND LEVEL to
higher price levels, then GO LONG.
23-3-2008 to 29-3-2008
12
INTRODUCTION :
Nikhil Bhatt is a
professional technical analyst based
in Gujarat. He has
8 years of experience in the Indian
stock market. His articles on the
subject of stock market are very
popular in Gujarat/Maharashtra
and he is regularly writing articles, daily columns including
stock price predictions related to
Indian Stock Market in more than
14 Leading News Papers published in Gujarat. He is a dedicated, devoted, goal oriented person by nature and renders his technical analysis services to FIIs, Mutual Funds, Stock brokers, High
net-worth individuals and Investors. He has a superb past track
record of successful and accurate
predictions of the Indian Stock
Market.
Nikhil Bhatt has designed INVESTMENT POINT with a view
to allow money to ‘flow-in’ for its
readers. He provides you with a
correct trend of the market and
stocks with logical support/resistance levels and well-defined stop
losses to protect your money. His
product is targetted to benefit the
day traders, position traders and
investors at large.
Nikhil Bhatt says “OUR EXPERIENCE IS YOUR TREASURE”
SENSEX –14995 as on
19.03.2008
Dear Friends,
Sensex has resistance at 15078 - 15175
Sensex has resistance at
15078 – 15175 Level with
highly Volatile Trend ;
above which other resistance levels are at 15217 15330. In downside support
levels are at 14917 - 14808
levels; below 14808 level,
other support levels are at
14617 -14419 levels. I am
positive for next week
above 15337 level but be
with the trend. Let the market decide further moves. As
we are saying from many
days Buying is suggested in
falls only... and its still a
better strategy in the given
scenario...Regarding long
term positions, it is preferable to remain cautious
now...!! If sensex crosses
15447 Level, again then
the upper side target is quite
high and it may touch
15770
Level
before
MARCH - 2008….!!!
One can go for buy at those
levels also, but in absence
of that its time to book profits. This is a pessimistic out-
GOLDEN STOCKS FOR THE WEEK
1. SINTEX IND : ( 333 ) : Buy at Rs 326 levels considering minor support of Rs 323
and stoploss of Rs 318 for an upper target of Rs 349 – 359 levels. Below Rs. 318 it
can slide upto RS 309 and RS 301 levels.
2. FEDARAL BANK : ( 202 ) : Operator based buying has been there in this stock. It
is suggested to buy at RS 193 with SL of RS 189 for the target of Rs 219 – 223;
below RS 193 it can fall up to RS 181 - 178 levels. If it crosses Rs 223 level than
expect non stop rally up to Rs 237.
3. INDIAN HOTEL : ( 108 ) : This HOTEL stock is looking very good to buy at Rs
101 with SL of RS 93 for the target of RS 116 – 121 levels below Rs. 93 stock shall
witness free fall.
4. HINDALCO : ( 153 ) : Buy delivery of this stock at current levels with SL of Rs
146 for the target of Rs 166 – 170 level. It is very good for long term position also.
5. EMCO LTD : ( 185 ) : Buy at Rs 180 with SL of Rs 178 for the target of Rs 199
– 208 levels below Rs. 178 it can show further fall.
6. ANG AUTO : ( 94 ) : Technically accumulation in this stock has been at these
levels. Buy at Rs 90 with SL of RS 87 for the target of RS 109 – 116 levels. It is very
good for short to medium term.
7. FORTIS FIN : ( 45 ) : Buy at Rs 40 With SL of RS 37 for the target of RS 56 – 59
level. It is very good for medium to long term investment.
8. MODIPON LTD : ( 64 ) : Buy at Rs 60 with SL of Rs 57 for the target of RS
73 – 79 levels. It is very good for medium to long term investment.
9. TATA ELXI : ( 150 ) : Buy at Rs 143 with SL of RS 131 for the target of RS 169 –
173 levels . It is very good for medium to long term investment.
10.ZENOTECH LAB ( 85 ) : Buy delivery of this stock at current levels with SL of
Rs 78 for the target of Rs 99 – 106 level. It is very good for long term position also.
with highly Volatile Trend,
In Downside support levels
are at 4545 - 4501 Levels;
below 4501 level, other
support levels are at 4473 4404 levels. I am positive
for next week above 4730
Level but be with the trend.
Let the market decide further moves. As we are saying from many days Buying is suggested in falls
only...and its still a better
strategy in the given scenario...!!!
look but that’s the way we
tend to be, in this market.
NIFTY FO – 4592 as on
19.03.2008
NIFTY FO has resistance at
4634 – 4678 Level ; above
which other resistance levels are at 4706 - 4730 Level
Regarding long term positions, it is preferable to remain cautious now...!! If
NIFTY crosses 4730 Level,
again then the upper side
target is quite high and it
may touch 5170 Level before APRIL – 2008...!!!
Here is given Some
GLODEN STOCKS for the
week
FUTURE-OPITION STARS
1.
2.
3·
4·
5·
ACC : ( 770 ) : Buy at Rs 761 with SL of RS 752 for the
target of RS 791 – 808 level below Rs.752 it can show
further downfall.
WIPRO : ( 375 ) : Buy at Rs 364 With SL of RS 367 for
the target of RS 393 – 404 level below Rs. 367 it can show
further downfall up to Rs 350.
CIPLA : ( 202 ) : Buy at Rs 197 with SL of RS 193 for the
target of RS 217 – 220 levels below Rs. 193 it can show
further downfall up to RS 178.
DLF LTD : ( 620 ) : Buy at Rs 607 with SL of RS 590 for
the target of RS 649 – 660 levels below Rs. 590 it can
show further downfall up to Rs. 567.
TCS LTD : ( 808 ) : Buy at Rs 790 with SL of RS 781 for
the target of RS 828 – 838 levels below Rs. 781 it can
show further downfall.
SMALL SAVING SCRIPTS
1.
2.
3.
4.
5.
TORRENT POWER : ( 98 ) : Buy at Rs 82 with SL of RS
78 for the target of RS. 119 – 125 .
PRIME TEXT : ( 48 ) : It is suggested to buy with SL of RS
44 for the target of RS. 55 – 62 below at RS 38 it can slip up
to RS 33 – 30 level. Crossover above Rs. 70 level will take
the stock to Rs. 77.
KOSAIN IND : ( 33 ) : Buy at Rs 30 with SL of RS 27 for the
target of Rs. 38 – 45 levels below Rs. 27 it can show further
downfall.
SPICE TELE : ( 25 ) : Buy at Rs 56 with SL of RS 52 for
the target of Rs 78 – 83 levels . It is very good for long term
position also.
GVK POWER : ( 33 ) : Buy at Rs 30 with SL of RS 27 for
the target of Rs 39 – 43 levels below Rs. 27 it can show
further fall.
BUY NIFTY FO @ 4545 SL 4440 TGT @ 5170 BEFORE APRIL 2008