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• Vol. I • Issue :11 • Date : 11-5-2008 to 17-5-2008 • Editor : Devlaxmi Joshi • Asso.Editor : Narendra Joshi • Mobile:9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
INVESTMENT
GUIDE
12
ANTARYAMI
TECHNICAL
VIEW
5
SUMIT BILGAIYAN
PENIC &
PROFIT
3
NISHES JANI
In absence of domestic trigger
Market may be range bound
and volatile in short term.
The stock market drifted lower
last week having failed to sustain the sensex level of 17500
as it could not move above
17800.
near future.
The BSE Sensex plunged
863.05 points or 4.90% to
16737.07 in the week ended 9
may 2008, S&P CNX Nifty fell
245.6 points or
4.69%
to
4982.60 in the
week.
Unichem Laboratories,
Indiabulls Real Estate, Blue
Star, Gail, Mercator Lines, Lupin, Punjab National Bank,
The market will
be eyeing at the
start of the week
is industrial production data for
March 2008 due on Monday 12
May 2008 Industrial production had risen 8.6% in February 2008,bouncing from January 2008’s upwardly revised
figures of 5.8% The market will
also track global market in absence of domestic trigger in
The corporate results announced so fat have been in line
with the expectation.
Voltas,
SAIL will announce their results
in the next week.
High inflation may compel the
government to take more fiscal
Continue on ...10
Monday market is very crucial
Dear Friends,
Nifty Close :4982
It is heard in the market that
some short covering can take
place on Monday. We shall
move with the trend strictly.
Sr. No Stock Close Stop Loss
Targets
(1) CONCOR 910 904 939-968
(2) ADSL 905 899 933-941
(3) SUNDRMBARK 264 261
281-297
If short covering takes place,
which require firm opening (4) APOLLOHOSPT 489 487
and continuous up
move, then 500 Email : [email protected]
points gain. Else
Nifty can test
4937-4897 levels.
Intra day Resistance : 5057-5137
only if nifty can
survive above trigger level of 5017
Stocks to watch ( If market in
green)
867-892
(5) BASF 225 224 240-255
(6) BHARTI ARTL 841 836
The market has been experiencing various shocks in the last
few months and two factors have repeatedly affected the prices
and morale of the market. One is the inflation and second is
the price of oil in international market.
Last week these two factors combined together to bring down
the process in the market .Both Sensex and Nifty are now
quoting below the psychologically important levels of 17000
and 5000 respectively, volumes have
been going down
steadily and the volumes are now almost
half those at the peak
levels prior to January.
The next week is going to be crucial because more corporate results are
likely to come in and the results
that have already come in are not too encouraging. The investors need to keep away from buying aggressively in the
next few day and those investors with a long term view can
20 percent exposure in select IT and oil refinery stocks.
BEAR HUGE IN
MAY – 10/05/2008
Market Breaks Critical Supports - Below 200 DMA.
List of Weak stocks but having
potentials to gain heavily in
case
Market open firm and start gaining due to short covering
(1) RELIANCE : CLOSE : 2528
IF market remain in green
and short covering start
It can first reach 2570 and
on surviving above 2570,
Next levels can be 2631.
Enter only if stocks are
above closing levels and
market in green.
495-500
BEAR PHASE AHEAD
BE CAUTIONS
(2) RPL : Reliance Petro:
CLOSE : 181
Continue on ...4
Bears have traditionally domi- continuous rally. Sensex has
nated the month of May and this given the negative breakout
time too, it seems it won’t be any when it crossed and closed bedifferent. Every alternate year, low the 200 DMA and also managed
to
May is the month where the
break
bears give electric shocks to the
immarket and as a result the market hits lower circuit. Thus this
time too,
this
will
again be the -SHOBHA
m o n t h Email :
where bears [email protected]
gonna rap
the bulls on SHAHENSHAH OF FINANCIAL JUNGLE
their knuckles. Please keep the doctor on portant support level. In the
alert as the Bulls may require it same way, Nifty too has managed to break the critical 200
in emergency.
DMA at important trendline
support.
TECHNICAL ANAYLSIS:
• On the daily charts the Nifty
• Market has given a bearish has formed a very bearish forbreakout after three weeks of
Continue on ...3
2
11-5-2008 to 17-5-2008
talks for a stake in South African telecom operator MTN Group. Bharti Airtel said
the current discussions with the MTN Group are still at an early stage and they may
or may not lead to any transaction. As per media reports, Bharti Airtel has arranged
$12 billion of financing and may seek to buy 51% of MTN, valuing the company
at about $39 billion. The acquisition would be the biggest by an Indian company,
eclipsing Tata Steel’s $13 billion takeover of Corus Group Plc in 2007.
Dear Friends,
India’s largest truck maker by sales Tata Motors declined 3.14% to Rs 668.80. The
We have seen whole week indices closing in red.As much as 863 and 246 points lost company reported 5.8% fall in total automobile sales to 38,149 units in April
in Sensex and Nifty during the week respectively. We can expect some gains on 2008 over April 2007 largely on account of dip in passenger car segment and
Monday for reason being sharp fall during the past week. However, it is very difficult exports.
to predict trend at this levels. WEEK AHEAD
India’s largest engineering and construction company in terms of revenue Larsen
The key data which the market will be eyeing at the start of the week is industrial & Toubro fell 9.73% to Rs 2835.55. The company is about to undergo a massive
production data for March 2008 due on Monday 12 May 2008. The market will also restructuring that will result in the creation of a dozen operating companies under
track global equities in the absence of major domestic trigger. The corporate results the guidance of separate board of directors. As per reports, the restructuring will
announced so far have been more or less in line with market expectations. Inflation lead to Larsen & Toubro (L&T) becoming the umbrella organisation with a board
data will also be eyed as it remains as a major worry and hindrance for the domestic to administer the performance of all businesses and ownership of the brand, pegged
growth. High inflation may compel the government to take more fiscal measures to at around $2 billion, effective from 1 July 2008.
rein in prices in addition to slew of majors taken recently. Industrial production data
Shares of India’s largest cement manufacturer in terms of annual production camay provide direction to the market.
pacity ACC fell 5.54% to Rs 712 in the week. ACC had said on Thursday, 8 May
Industrial production had risen 8.6% in February 2008, bouncing from January 2008’s 2008, its margins will be hurt by a decision to hold its prices for 2 to 3 months that
upwardly revised figure of 5.8%. The spiraling inflation has been a major cause of was taken after the government asked cement firms to help contain price pressures.
concern for Indian equities market. The wholesale price index rose 7.61% in the 12 pressures.
months to 26 April 2008, marginally higher than previous week’s annual rise of
7.57%, government data showed on Friday, 9 May 2008. The rate was the highest Wipro (down 0.2% to Rs 501.20), Infosys (down 2.18% to Rs 1,750.50), Tata
since an annual reading of 7.68% on 13 November 2004. The WPI remained above Consultancy Services (down 2.48% to Rs 917.45), Satyam Computer Services
the 7%-mark (significantly above RBI’s revised target of 5.5% for the year) for the (down 4.19% to Rs 473.40), ICICI Bank (down 6.57% to Rs 874.05), HDFC Bank
(down 5.65% to Rs 1451.95), Reliance Industries (down 5.5% to Rs 1,527.65)
past four weeks.
edged lower in the week.
The market reversed the course devoid of any major local or global trigger to guide
the investors. It declined in all the five trading sessions in the week as rising crude Aishwarya Telecom debuted at Rs 50.10, a premium of 43.14% and settled at Rs
prices and inflation marred the sentiment. The market also more or less tracked the 90.85 a sharp premium of 159.57% over its issue price of Rs 35 (the top end of Rs
global markets. The corporate results announced so far have been more or less in line 32- Rs 35 IPO price band) on 7 May 2008.
with market expectations.
The market regulator Securities & Exchange Board of India (Sebi) on 5 May 2008
The BSE Sensex plunged 863.05 points or 4.9% to 16,737.07 in the week ended 9 relaxed margining in the cash market segment which it called as an initial step
May 2008. S&P CNX Nifty fell 245.6 points or 4.69% to 4,982.60 in the week. The towards cross margining in the cash market and futures segment. Cross margin
BSE Mid-Cap index declined 244.81 points or 3.38% to 6,992.66 in the week. The facility will be available in case where a market participant has a position in the
cash market with an off-setting stock futures position in the derivatives segment.
BSE Small-Cap index slumped 316.07 points or 3.58% to 8,472.67.
Cross margining benefit will be initially available for only institutional investors.
Foreign institutional investors (FII)’s sold shares worth Rs 75.10 crore in first few
days in the month of May 2008. They sold shares worth Rs 10433.20 in calendar year Passenger car sales in rose 17.2% to 98,740 units in April 2008 over April 2007.
2008 till 7 May 2008. Domestic funds bought shares worth Rs 15.90 crore in first few Analysts attribute the growth to low base effect as sales were poor in April 2007.
Sales of commercial vehicles — trucks and buses, rose 7.6% to 33,271 units in
days in the month of May 2008.
April 2008 over April 2007.
The 30-share BSE Sensex fell 109.22 points or 0.62% at 17,490.90 on Monday 5
May 2008. After trading within a narrow range earlier in the day, the market declined Indian steel makers on Wednesday, 7 May 2008, agreed to cut prices in
in late trading as US stock futures indicated lower opening on the Wall Street. Realty government’s efforts to rein in inflation. The public and private steel makers said
and healthcare stocks outperformed the market. Consumer durables and IT stocks they would cut the price of long products used in construction by Rs 2,000 a
dropped. Small-cap and mid-cap counters were active throughout the session with tonne, or 5.5%, and that of flat products by Rs 4,000 a tonne, or about 10%. Steel
makers have also decided to hold the price line for the next three months. Steel
their barometer indices outperforming the Sensex.
makers, however, urged the government to discourage iron ore exports and withThe 30-share BSE Sensex fell 117.89 points or 0.67% at 17,373.01 on Tuesday, 6 draw the tax on steel exports.
May 2008. The key benchmark indices ended lower as investors resorted to profit
booking due to lack of positive triggers in the market. Selling pressure was seen in The Reserve Bank of India (RBI) on Thursday, 8 May 2008, eased lending norms
mid-cap and small-cap counters with their barometers underperforming the Sensex. for infrastructure projects. In a notification RBI said bank loans to infrastructure
Realty and power stocks rose whereas FMCG and metal stocks gained. IT pivotal projects would be treated as sub-standard only if commercial production is derecovered at the fag end of the session after rupee slipped to eight-month low against layed by more than two years over the date originally envisaged, instead of the
present norm of one year.
the dollar.
The 30-share BSE Sensex fell 33.70 points or 0.19% at 17,339.31 on Wednesday, 7
May 2008. Weakness in Asian markets and a surge in crude oil prices spoiled the
sentiments. IT and oil & gas stocks rose whereas capital goods stocks and the shares
of PSU firms suffered the most.
The wholesale price index rose 7.61% in the 12 months to 26 April 2008, marginally higher than previous week’s annual rise of 7.57%, government data showed
on Friday, 9 May 2008. The rate was the highest since an annual reading of 7.68%
on 13 November 2004.
The 30-share BSE Sensex fell 258.66 points or 1.49% at 17,080.65 on Thursday, 8 Finance Minister P Chidambaram on 9 May 2008, said the government has asked
May 2008. The market succumbed to selling pressure as weak global equities and cement companies to reduce prices to curb inflation.
soaring crude oil prices worried investors. All the sectoral indices on BSE, barring the
Crude oil for June 2008 delivery hit a record high $125.12 a barrel in electronic
BSE Metal index, were in the red. Software and banking shares were worst hit.
trading on the New York Mercantile Exchange on Friday, 9 May 2008. It is set for
The 30-share BSE Sensex lost 343.58 points or 2.01% at 16,737.07 on Friday, 9 May the biggest weekly gain since March last year, as concern violence in Nigeria will
2008. The market tumbled hit by a series of bad news on the domestic and global cut supply spurred speculative buying.
front. India’s inflation surged to more than 3-year high, global markets declined and
crude oil hit yet another record high near $125 a barrel. All the sectoral indices on Foreign institutional investors (FIIs) sold shares worth net Rs 402.50 crore on
BSE, barring FMCG index, were in red. Oil & gas, realty and banking stocks declined Thursday, 8 May 2008, compared to their buying of Rs 325.10 crore on Wednesday, 7 May 2008.
sharply.
India’s largest cigarette maker by sales ITC declined 1.11% to Rs 218.30, and Axis
Bank shed 10.38% to Rs 836.30 in the week. As per recent reports, the Union government has given in-principle approval for SUUTI’s stake sale in these three companies.
Specified Undertaking of Unit Trust of India (SUUTI) was created as a successor to
UTI with the assets and liabilities of US 64 and its assured-return schemes, and it
reportedly owns 9.04% in Larsen & Toubro (L&T), 11.90% in ITC and 27.18% in
Axis Bank (as at end March 2008). The stake sale process is likely to be completed by
the end of this financial year. India’s largest telecom services provider by sales Bharti
Airtel fell declined 6.28% to Rs 842.20 in the week. Bharti said it is in exploratory
FII outflow of Rs 402.50 crore on 8 May 2008 was a result of gross purchases Rs
2663.30 crore and gross sales Rs 3065.80 crore. Sensex fell 258.66 points or
1.49% at 17,080.65 on that day.
FII outflow in calendar year 2008 totaled Rs 10,835.70 crore (till 8 May 2008).
There are a total of 1,347 FIIs registered with the Securities & Exchange Board of
India (Sebi).
Narendra Joshi
Assocoate Editor
11-5-2008 to 17-5-2008
3
WEEKLY REPORT CARD
[19th to 23rd May 2008 ]
THE HEIGHT OF POSSIBILITY!
Sensex-11192.46 which was in august
2006
Nifty future-3896.90 which was in April
2007
Mcx gold-8739 which was on august
2007
Us dollar-43.44 which was on April 2007
(Don't panic on this, this is just result of
analysis and it may or may not possible)
Suggestions/query/comment mails us at
[email protected]
NIFTY FU TWO CLOSE BELOW
4933
THEN
FREE
FALL
SENSEX-boldly told that "trend reversal" and on Tuesday we had send messages to all subscribers that exit
from all long positions.
Monday index had
lost 17515 levels at
that time reader of
this magazine has
understand that
trend has been reversed {we expect at least from the reader
of the economic revolution}
fearful be greedy -this correction time is
to buy good counter for long term investment.
GLOBAL
MARKET
TREND:
Dow Jones-index had made high of
13132 on 02-05-2008 but it failed to
close above 13100 which is our trend line
resistance and finally
index closed below
our rock bottom support of 12916 -now
index has strong support of 12702 below
that last hope of
12489 below panic.
Now for the next few days index has
strong support of 16571-16272 and
strong support call as "iron" support is
16100 below that level index will slide
to 15297 where index has multiple support.
While on the up side index has strong
resistance of 17230-17323-and 17515.
NIFTY FUTURE-Monday when index
lost 5015 at that time reader has understand the trend reversal.
For the next few days index has strong
support like "iron" that is 4933 if index
close two day below that level then
"BLOOD BATH" will come and index
will slide to first 4835 and then 4621
which is multiple support for the index.
While on the up side index has resistance
of 5059-5085 and 5194.
TABLE OF IMORTANT LEVELS:
INDEX SUPPORT
R E S I S TANCE
Sensex
Nifty fu
16571
16271
16100
15297
4933
4835
4621
17230
17323
17515
5059
5084
5194
STRATEGY-we have given levels of the
index strictly follow that -do only day
trading and don't carry overnight positions.
Hear with this article we are again giving
some scrip's on the basis of our theory
which is rarely used in India -this scrip's
are not only based on fundamental strong
but also technically good -remember
warren buffets word?-when everybody is
greedy be fearful and when everybody is
AGAIN BULLS ARE COME BACK
IN CRUDE OIL
This whole week we see a big rally coming in crude oil and crude oil cross the
level of $ 126 an expected this type of
rally continue in coming week in last we
also a bullish trend in silver and gold in
or previous article we clearly say that
important resistance for silver is at 22600
above
this
level
next
tar-
Buy for positional with a stoploss of
1810 buy on break out close above 1920
with a stop loss of 1860 if it break the
serious support of 1845 then we see fall
in guar seed but if it closes above 1950
we expected some big rally in guar seed
for long position take target of 1980 and
weely basis take a target of 1940 to 1960
for weekly basis we expected positive
trend
TURMERIC MAY MCX
Buy at current market price and on
dips at 3400 for weekly take a
stoploss of rs 3350 for weekly basis
take a target of rs 3440 to rs 3480
above 3480 it zoom upto rs 3500 to
rs 3520 book profit at the range of
3460 positive trend in coming week.
SILVER NCDEX MAY
While resistance at
13100
NASDAQ -strong
support at 2439
three close below
those levels will create all round panic
selling on NASDAQ
and immediately slide to 2392-2385.
Resistance at 2508.
We have given last support of 16804 index has actually lost this level.
WEEKLY COMMODITIES WATCH
Nikkei -strong resistance at 14569.
Swing support at 13612 and gap support
at 13222.
Hang sang -not more but only say that
two close below 25308 watch unexpected
panic
sell
off.
TECHNICAL
PICK:
+FUNDAMENTAL
Here we are suggesting scrip's on the
basis of the technical projections and
fundamental analysis, the projections
that used by us are rarely used in India we suggest to take positions for long term
investment
at
for
2
years
Invest in dips…………………………
Scrip name
Mundra port
Adani enterprise
Gremach infra
Ranbaxy
Aurbindo pharma
Raymond
Arvind mills
Jayprakash asso
Unitech
Bgr
Gei ind
Maha semless
Kirloskar ele
Vimta lab
Projected target
1085
1030
411
600
700
510
127
421
474
725
124
521
329
185
Lion’s Roar Conti. from ...1
mation which is known as the Three
Black Crows formation. It is a special
case of three black crows and it is known
as Identical Three Crows. The pattern resembles a stair stepping downwards
where each day is starting at the previous days close. It indicates absence of
any buying power and resembles the situation where panic selling is more likely.
• Sensex, on Daily charts, has managed
to run down with a breakaway gap. The
significance of this gap is the Sensex will
get for silver is at 22900 and in last week
silver touches this the level and and in
last week we also say that important resistance for gold is at 11850 and this gold
closes at 11890 this is the good indication for gold for upward trend for coming week we are positive in crude oil and
for coming week expected some high
volatile trend in gold and silver for coming we are again high volatile in gold
and silver for coming week important resistance for gold is at 12050 above this
level we expected some buying coming
in gold and in down side support is at
10690 if in coming week gold break this
level of 10690 then we see free fall in
gold and for silver important support is
at 22400 if in coming week silver close
below this level then we see some big
selling pressure coming in silver and resistance is at 23200 above this level next
target for silver is 23800 expected big
volatile in silver in coming week in coming we are positive in tin, turmeric, and
guar seed
GUAR SEED NCDEX MAY
continue its downward journey. Chances
are that Sensex may open with downwards gap on Monday and if that gap is
not filled than that gap will act as a measuring gap and the Sensex will head immediately towards 15845.
• Immediate trendline support for the
Sensex falls at 16421 and 15882. The
trendline support 16421 is coinciding
with 50 DMA which is also at 16418.
This will provide strong support for the
Sensex, below which support lies directly
at 15882. On the upper side Sensex will
face strong resistance at the long term
trendline at 17178.
• The Trendline support for the Nifty is
at 4920 and the 50 DMA 4920, is coinciding with that. The 4920 will be a critical level to watch out for. On the higher
side the long term trendline which is falling at 5020 will act now as a strong barrier.
• Nifty at the downside will have support at 4920-4872-4482. Below 4872 the
real panic will be visible in the market
better watch out as a market goes and
test the double bottom for the nifty.
DERIVATIVE ANALYSIS:
• The Nifty Calls of 5000 and 5200 have
seen huge addition in open interest. It
indicates that the Nifty will not cross
Sell at current market price and on
upper levels 22990 to 23100 with a
target of 22650 to 21500 below 22450
we see some some fall up to 22200 to
22100 with a stoploss of 23400.expected
volatile trend in coming weeks
GOLD NCDEX MAY
Sell at current levels at with a target of
11890 to 11950 below 11450 we expected some fall coming in gold a it will
go upto 11250 stop loss 11160
MENTHA OIL MCX MAY
Buy current levels at471 to 478 with a
upper target of 488 to 498 above 500
mentha oil zoom upto 510 for weekly
basis take a stoploss of 450.positive trend
in coming week
MILD STEEL INGOTS NCDEX MAY
We see some buying coming in mild steel
ingots and expected this buying continue
in coming weeks buy at current levels at
28850 to 28900 with a target of 29100
to 29200 with a stop loss of 28100.
5000 easily. The Nifty 4900 and 5000
Puts have shed lot of open interest, indicating that the put writers are not sure
whether 4900 will hold or not. The action for puts has already shifted to 4500
strike price.
• The O.I.PCR is still healthy at 1.37,
which indicates that the market is adequately hedged and on a fall it will act
as cushion.
• Stocks like ITC, HLL, Bharat Forge,
WIPRO, Gitanjali Gems have shown bullish derivative indicators. Here one can
adopt strategy where in one buys any of
the stock futures and hedge their position by shorting the nifty. On the stocks
like ITC one can adopt a Protective Put
Strategy.
RECOMMENDATIONS THIS WEEK:
BHART FORGE 311 SL 304 TGT 323332.
ITC 218 SL 213 TGT 225-229.
GITANJALI 280 SL 267 TGT 298-310
NICHOLAS PIRAMAL 344 SL 336
TGT 354-363.
11-5-2008 to 17-5-2008
4
LAST WEEK I RECOMMEDED PNC AT RS. 53.00 IN
FALLING MARKET IT TOUCH RS. 76.00 WITHIN 4 DAYS.
ing additional price data.
The annual inflation rate rose
yet again, to a fresh three-anda-half-year high of 7.61% for
the week ended April 26, government data showed on Friday. Inflation measured as a
change in the wholesale price
index (WPI) from its level in
the corresponding week a year
ago, was a tad lower at 7.57%
in the previous week.
For the moment, it looks like
the worst in year-on-year
terms. The price index has
moved up for all items by
7.61%, including primary articles (8.8%), manufactured
goods (7.42%) and the fuel,
power, light and lubricants
group (6.9%).
A worried government came
out with another slew of measures, including banning futures trade in potato, rubber,
soya oil and chana, and persuaded steel companies to take
a price cut.
Experts feel there are chances
that in the coming two weeks,
positive base impact may play
some role in bringing inflation
down. In May 2007, inflation
had gone up significantly in
the first week by 0.4 points to
212 from 211.6.
Reacting to inflation numbers,
finance
minister
P
Chidambaram said inflation
will stay at the current level for
some time before it shows a
downward trend, and the current levels indicate that inflation is stable. He stated the
government is in the process
of asking cement companies to
cut prices and may take further
administrative steps if necessary.
Besides, there are inflationary
expectations looming over the
economy due to the falling rupee and spiralling crude oil
prices. With inflation consistently above the 7% level, it is
safe to assume the central bank
will actively take liquidity
tightening measures.
In its annual monetary policy
announced on April 29, the
central bank raised the CRR —
proportion of deposits that
banks must set aside — by a
quarter point to a seven-year
high of 8.25%, effective May
24. The commerce ministry on
Friday revised the inflation rate
for the week ended March 1 to
6.21% from 5.11%. The government revises the rate from
two months ago after receiv-
Dollar is almost one year high
Now Watch out IT ,Media &
Pharma.IT sector Will come
back with a bang.watch
TCS,SATAYAM & WIPRO.In
pharam
watch
out
Ranbaxy,cipla & Dr reddy.I
Avoid
Buying
in
TEXTILES,CAPITAL GOODS,
BANKING & METALS.
Market talk
The price-war has begun in the
direct-to-home (DTH) market
with the country’s largest DTH
company Dish TV — with over
3 million subscribers —getting
ready to offer its connection
virtually free.
its set-top boxes.
Any consumer who wants to
buy a Dish TV connection will
not have to pay for the set-top
box, the hardware essential to
access DTH services and normally costs Rs 2,500
With mounting losses plaguing
DTH operators, Tata Sky and
Dish TV, both the players have
now resorted to charging carriage fee from new channels for
shoring up their revenues. the
two players have already made
an estimated Rs 20-25 crore from
the plethora of new channels
that bank on them for quick access to a huge subscriber base.
Dish TV would be able to earn
up to Rs 50 crore this year by
charging carriage fee. Dish TV
expects to earn about Rs 100
crore by next year, which the
company believes will help balance its losses.
This move is in anticipation of
the launch of services from
Reliance Communications’
Big TV and Bharti’s DTH services and also to take on its
competitor Tata Sky, which has
now crossed the 2 million subscriber mark.
This step is also expected to
add to the monthly losses of
Dish TV, currently estimated to
be over Rs 450 crore. According to sources, Dish TV is set
to undertake a massive branding exercise centred on a “free
Dish TV connection” featuring
its brand ambassador Shah
Rukh Khan at an estimated
budget in excess of Rs 50cr.
According to the plan, a Dish
TV set-top box is likely to come
free with every Dish TV connection as the consumers will
just have to make an annual
one-time payment of Rs 4,000
towards the monthly subscription fees
Recently, Big TV had announced its DTH connections
for its employees at only Rs
1,000 plus the monthly subscription fees of about Rs 300 .
According to industry experts,
this move is likely to benefit
Dish TV increase its overall
DTH market share, from 59 per
cent to over 65 per cent, within
a month. A free set-top box is
likely to increase Dish TV’s
losses as every DTH company
heavily subsidises the cost of
A DTH set-top box normally
costs Rs 3,200 to Rs 3,500 to
the DTH company but is offered
to consumers at Rs 1,500 to Rs
2,500.
Buy around Rs. 54.00
.Comapny with available 65
percent market share available
just Rs. 54 buy for long term
gains.
Kotak Bazar
IF market remain in green and
short covering start
IF market remain in green and
short covering start
It can first reach 185 and on surviving above 185,
It can first reach 754 and on surviving above 756,
Next levels can be 196-202 in
two days. Enter only if stocks
are above closing levels and
market in green.
Next levels can be 823-868 in a
week. Enter only if stocks are
above closing levels and market in green.
(3) Essar Oil : Close-256
(8) CENTURY TEXTILE :
Close :778
IF market remain in green and
short covering start
It can first reach 266 and on surviving above 266,
Next levels can be 279-301 in
two days. Enter only if stocks
are above closing levels and
market in green.
(4) BOMBAY DYEING : Close
- 905
IF market remain in green and
short covering start
It can first reach 797 and on surviving above 797,
Next levels can be 823-868 in a
week. Enter only if stocks are
above closing levels and market in green.
(9) MOSER BAER : Close - 177
IF market remain in green and
short covering start
IF market remain in green and
short covering start
It can first reach 932 and on surviving above 932,
It can first reach 182 and on surviving above 182,
Next levels can be 980-1055 in
two- three days. Enter only if
stocks are above closing levels
and market in green.
Next levels can be 190-213 in a
week. Enter only if stocks are
above closing levels and market in green.
(5) HDFC : Close - 2644
(10) LITL ( Lanco ): Close - 462
IF market remain in green and
short covering start
IF market remain in green and
short covering start
It can first reach 2669 and on
surviving above 2669,
It can first reach 478, and on surviving above 478,
Next levels can be 2709-2773
in two days. Enter only if stocks
are above closing levels and
market in green.
Next levels can be 500-538 in a
week or so. Enter only if stocks
are above closing levels and
market in green.
(6) RELIANCE CAPITAL:
Close -1286
IF NIFTY CAN NOT SURVIVE
ABOVE 5057 ON MONDAY, IT
CAN TEST 4937 AND 4897
LEVELS.
Reliance Petroleum fell 8 per
cent to Rs 181 on the NSE with
3.24-crore shares changing
hands. Deliverable ratio stood at
38 per cent. These stocks fell
amidst the talk that the Government might initiate some control on petroleum product exporters.
IF market remain in green and
short covering start
Indian oil companies are (OMCs)
importing large quantity of
these products to meet domestic demand. Domestic OMCs are
feeling the heat of under recoveries of full value on local sales
due to the Government’s policy
of informal price controls. On the
other hand, Reliance Industries
has been exporting the product
from Jamnagar refinery, which
enjoys export-oriented unit status and has been able to fully
exploit the commercial potential.
(7)Kotak Bank : Close - 738
OMCs to meet the rising demand, the Centre might do away
with the EOU status. This could
affect RIL’s margin to some extent
In order to help the domestic
Conti. from ....1
It can first reach 1312 and on
surviving above 1312,
Next levels can be 1353-1420
in two days. Enter only if stocks
are above closing levels and
market in green.
HPCL ,BPCL & ONGC all are
selling petrol below international price.Then Reliance
should giving permission to export the Petrol & Diesel to outside India.
Shold Govt. should withdraw
EOU Status from Reliance in
faour of nation……
NIFTY IS HEADING TOWARDS HEAVY CORRECTION ?
YES IF BREAK 4828 LEVELS.
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,
Continue
on ...7
The Economic Revolution.
11-5-2008 to 17-5-2008
5
stock recovers smartly from 150
levels it has has huge
potentional to go upto175 in
coming week buy at current levels at 156 with a upper target of
166 to 170 above this level next
target is at 175 stoploss 140
.Stock is also good for short
term investment
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
A g a i n
Bears are
back
SENSEX & NIFTY TREND
FOR THIS WEEK
MARKET TREND FOR THIS WEEK
This week with high volatile
trend sensex resistance is at
17160—17420—17660 Support is at 16560—16480—
Mindtree -Buy at current levels at 450 with a upper target of 470 to
490 above 495 Next target is 505 with a stoploss of 420
SENSEX FROM 5-05-2008 TO 9-05-2008
LAST WEEK REVIEW AND COMING WEEK TREND
Again market goes in negative zone in last week taking cues from
negative global market we see continuously fall in Indian market
in last week rising in curde oil price and rising inflation are also
give the bad effect for Indian market in last week sensex down
nearly 863 points and nifty down nearly 245 points on weekly
basis we again see a weak market in last we also see a heavy fall in
Bse Mid-cap and Bse Small-Cap index on weekly basis Bse Midcap index down nearly 244 points and closes at 6992 and Bse
Small-Cap Index down nearly 316 points and closes at 8472 in last
week heavy selling pressure coming in IT stocks expected that this
type of downward fall also continue in coming week on a week
start on Monday we see high volatile trend in market and at session
closing market down nearly 109 points on Monday heavy downward fall coming in IT stock on Tuesday we see heavy selling pressure in mid cap and small cap index on Tuesday sensex down nearly
117 points and closes at 17373 on Wednesday we again see a volatile trend but at last market ends flat on Wednesday and sensex
down nearly 33 points and on Wednesday taking cues from weak
global market we see a big down ward fall in Indian market and
sensex down nearly 258 points and on Friday we again see big fall
in market and sensex down nearly 358 points and closes at 16737
for coming week market is again high volatile important resistance
for sensex is 17150 above this level next target for sensex Is at
17500 and for coming week important support for sensex is at 16500
below expected some big fall in market is volatile for coming week
MARKET TREND FOR THIS WEEK
Market is High volatile for this week if sensex break the important
Support of 16500 then we see again big fall in market and for this
week important resistance is at 17250 below this level we expected
some buying coming in market for this week market is high volatile.
For this sensex resistance is at 16820-16905-17120 above this
above this level next resistance is at 17150 in down side support is
at 16660-16530-16420 below this level next support is at 16260
Market is High volatile for this week.
For this week nifty resistance is at 5050-5110-5220 above this level
next resistance is at 5350 in down side support is at 4925-48404750 below this level next support is at 4690 .market is High volatile for this week.
STAR OF THE WEEK
16200
This week with high volatile
trend Nifty Resistance is at
5050—1540—5240 support is
at 4940—4860—4750
English India clay -The stock is looking good for coming week
there is upside potentional till around at 1360 and very little down
side with a strong support 1240 keep a tight stoploss of 1245 and
start covering at 1340.
C O M PA N Y
Mindtree
Soft bpo global
Aban off
Hdil
Tulip star
STOCK FOR THIS WEEK
BUYAT
TARGET
STOPLOSS
450
470 to 480
228
238 to 250
3650 3690 to 3720
725
755
149
155 to 165
420
200
3580
690
130
F & O STOCK FOR THIS WEEK
BUYAT
TARGET STOPLOSS
C O M PA N Y
Aban off fut
Cesc fut
Titan fut
Mindtree fut
Essar oil fut
3650 3685 to 3720
480
490 to 500
1066 1085 to 1098
442
450 to 465
SELL
258
248 to 240
STOCK FOR SHORT TERM
BUYAT
TARGET
C O M PA N Y
Eid parry
Ras pro lami
Facor alloy
Indsil electro
Mro tek
208
3
11
78
78
3600
450
1025
410
280
STOPLOSS
225 to 250
4 to 5
14 to 16
95 to 110
90 to 100
For free Daily Intraday,
SHORT-TERM ,
WEEKLY LONG-TERM &
F & O RECOMMENDATION
Rdb ind -- In Negative market on Friday stock close with positive
notes with huge volume expansion also with big gain in last week
Log On to www.thebulleyes.com
185
2
9
60
55
Itc—Big volumes have backed
the move from 215 levels there
is potential for rise until 240
levels there also a less down
ward risk go for long and take a
stoploss of 190 I this level is
broken go short with stoploss of
220
Bharat forge—we see a sharp recovery in bharat froge from the
levels 290 with higher volumes
if the stock fulfils its projection
it could run till 330 it likely to
hit servere resistance 320and is
unlikely to close above this
level keep a stoploss at 295
Nickolas piramal—volumes expansion on Friday the stock has
likely target of 355 where it will
be hit a huge resistance keep a
stoplos at 320 and go long book
some profit at above 352 if it
does close above 355 it could
have a run up till the 368 level
before it hit the next serious
resistanc
Webel-Sl-Energy—the stock
looks a fair defensive holding
since it has consolidate with
decent volumes there is upside
potentional till around Rs 380
and very little down side with
strong support at Rs 320 keep a
tight stoploss of 325 start covering above Rs 375.
English India clay—engish India clay could be back on recovery trial since it will broken
past resistance at 1180 this
stock is also attractive on chart
buy at 1290 with a target of
1350 stoploss 1240
Continue on ....6
11-5-2008 to 17-5-2008
6
INTRODUCTION :
Shri Antaryami is connected
with Stock Market since last
many years and giving right
guidance to many people
among the country and out
side the country also. He has
great experience and knowledge of the Stock Market and
he is counting as a leader analyst in Gujarat. He is connected with Stock Market research and it becomes his profession. Due to personal circumstances, he do not want to
share his introduction, but he
always remain well wisher of
small investors and thinks for
them and always catch the opportunity to guide them. It is
his pleasure to help and guide
small investors.
SENSEX –16737as on
09/05/2008
Dear Friends,
Sensex has resistance at
16900 Level with highly
Volatile Trend; above
which other resistance
levels are at 17250 In
downside support levels
are at 16800 levels; be-
Market is on correction
low 16750 level, other support levels are at 16600.
levels. I am positive for
next week above 17500.
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
crosses17500, again then
the upper side target
is quite high and it
may touch 17800 before monthend. !!!
One can go for buy
at those levels also,
but in absence of
that its time to book
profits. This is a pessimistic outlook but
that’s the way we
tend to be, in this
market.
DIAMOND STOCKS FOR THE WEEK
Ansal Build. : (57) : Buy at Rs 55 levels considering minor support of Rs 52. and stoploss
of Rs 48 for an upper target of Rs 75 levels. Below Rs. 48 it can slide upto RS 43 and RS
37 levels.
2. Rohit Fero : (127 ) : Operator based buying has been there in this stock. It is suggested to
buy at RS .122 with SL of RS 120 for the target of Rs 145 below RS .120 it can fall up
to RS115.-110 levels. If it crosses Rs .145 level than expect non stop rally up to Rs .153
3. Jay Hind Proj.: ( 128 ) : This stock is looking very good to buy at Rs 125 with SL of RS
122 for the target of RS 138levels below Rs. 120 stock shall witness free fall.
4. Anjani Synth : (36) : Buy delivery of this stock at current levels with SL of Rs 32 for the
target of Rs44 level. It is very good for long term position also.
5. Pritish Nandi : (61 ) : Buy at Rs..55 with SL of Rs. 51 for the target of Rs 72 levels
below Rs. 50 it can show further fall.
6. Indsil electro : ( 78 ) : Technically accumulation in this stock has been at these levels.
Buy at Rs.75 with SL of RS 72 for the target of RS 86 levels. It is very good for short to
medium term.
7. Madras allu. : (759 ) : Buy at Rs 750 With SL of RS. 732 for the target of RS 785 level.
It is very good for medium to long term investment.
8. Laxmi energy : ( 232) : Buy at Rs 225 with SL of Rs .220 for the target of RS. 248
levels. It is very good for medium to long term investment.
9. Gwalior chem : (84 ) : Buy at Rs. 81 with SL of RS 78 for the target of RS 85-89 levels
.
It is very good for medium to long term investment.
10. GSS America (389) : Buy delivery of this stock at current levels with SL of Rs 365 for
the target of 450 level. It is very good for long term position also.
els are at 4930 Levels; below 4900. level, other support levels are at 4850 levels. I am positive for next
week above 5150. 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...!!!
NIFTY FO – 4989 as on
09. 05 .2008
NIFTY FO has resistance at
5025. Level ; above
which other resistance
levels are at 5100. Level
with highly Volatile Trend,
In Downside support lev-
it is preferable to remain
cautious now...!! If NIFTY
crosses 5150 Level, again
then the upper side target is quite high and it
may touch 5300 Level
before May – 2008...!!!
Here is given Some
GLODEN STOCKS for the
week
FUTURE-PLATINUM
1
2
1.
3
4
5
HLL: (250 ) : Buy at Rs. 248 with SL of RS 244 for the
target of RS. 262 level below Rs. 243 it can show further
downfall.
Grassim : (2340) : Buy at Rs. 2325 With SL of RS. 2315
for the target of RS. 2385 level below Rs. 2305 it can
show further downfall up to Rs 2250.
Bharti Airtel. : (842 ) : Buy at Rs. 835 with SL of RS.
830 for the target of RS ..843 - 860 levels below Rs. 825 it
can show further downfall up to RS. 805.
ITC ( 218) : Buy at Rs. 215 with SL of RS. 212 for the
target of RS 232 levels below Rs. 208 it can show further
downfall up to Rs. 200.
Bharat Forge : ( 311 ) : Buy at Rs. 308 with SL of RS.
302 for the target of RS. 324 levels below Rs. 300. it can
show further downfall.
SMALL SAVING STARS
1.
2.
3.
4.
5.
Andhra Bank : ( 80 ) : Buy at 78 with SL of RS. 75 for the
target of RS. 92.
Rico Auto : ( 25) : It is suggested to buy with SL of RS 22
for the target of RS. 32 below at RS. 21 it can slip up to RS.
18 level. Crossover above Rs. 32evel will take the stock
to Rs. 40
.Samtel Col: ( 20) : Buy at Rs.18 with SL of RS .16 for the
target of Rs. 24 levels below Rs. 16 it can show further
downfall.
Som dis: (22) : Buy at Rs. 20 with SL of RS.18 for the
target of Rs.28 levels . It is very good for long term posi
tion also.
Jayswal Nico: ( 39 ) : Buy at Rs. 36 with SL of RS. 34 for
the target of Rs .45levels below Rs. 33 it can show further
fall.
Sell NIFTY FO @ 4989 SL 5150 TGT @ 4900 BEFORE May end
11-5-2008 to 17-5-2008
7
Final trend of Market will be decide by results of Reliance
1) MNM ( 672.25 ) :- In this
scrip near term support at 667
and buy with the stop loss of
662 on the upper side first target is 678 then Rs. 684 - 692
to 699.
on the upper side first target is
637 then Rs. 644 - 657 to
665.
7) GRASHIM.( 2340.0 ) :- In
this scrip near term support at
2332 and buy with the stop loss
2) ACC ( 712.00 ):- In this scrip of 2318 on the upper side first
near term support at 706 and target is 2349 then Rs. 2362 buy with the stop loss of 701 2374 to 2387.
on the upper side first target is
719 then Rs. 725 - 733 to 748 8) MUNDRA ( 782.60 ) :- In this
scrip near term support at 776
3) RIL( 2527.65 ) :- In this scrip and buy with the stop loss of
near term support at 2517 and 770 on the upper side first tarbuy with the stop loss of 2508 get is 788 then Rs. 794 - 802
on the upper side first target is to 809.
2535 then Rs. 2548 - 2563 to
2574.
4) BABJAJ HOLDING
( 700.40 ) :- In this
scrip near term support
at 694 and buy with
the stop loss of 687 on
the upper side first target is 707 then Rs. 713
- 722 to 734. \
5) JIDNAL STEEL (
2115.25 ) :- In this
scrip near term support at 2108
and buy with the stop loss of
2102 on the upper side first target is 2127 then Rs. 2135 2148 to 2168.
9) ABB ( 1064.55 ) :- In this
scrip near term support at 1057
and buy with the stop loss of
1046 on the upper side first target is 1073 then Rs. 1085 1098 to 1112 .
6) DLF ( 630.40 ) :- In this scrip
near term support at 625 and 10) BHEL. ( 1724.50 ) :- In this
buy with the stop loss of 618 scrip near term support at 1717
back of power sponge iron proStock for Longterm Gain
duction , 32% increase in realConti. from ....5
ization of sponge iron and 37%
Jai hind project—the stock increase in ferro manganese was
looks a fair defensive holding scarred by the 7.1% fall in prosince it has consolidate with duction of sponge iron and that
decent volumes there is upside 8.5% fall of ferro alloys producpotentional till around Rs 140 tion over the last quater on
and very little down side with shortage of raw material availstrong support at Rs 110 keep a ability. The hight cost of raw
tight stoploss of 114 start cov- materials managed to reduce
ering above Rs 138
profit margins. The company
faced problems in sourcing iron
ROCKET STOCK FOR
ore from the market on account
SHORT TERM
of lower grade of iron content.
GODWARI POWER
It is very rare that I will recommend a steel and power company stock simply on pure fundamentals. Have a look at Jindal
Steel and Power. At a PE of 30,
the stock price of 2155 is just
too much for me to handle(and
risk). Compared to this
Godawari Power and Ispat is a
bargain. With an attractive PE
of 6 and a stock price of 220,
this company has the capability to woo investors.
GPIL reported a 74.6% growth
increase from last year to
Rs2.2bn on account of an increase in realization. A 22%
growth from last quarter on the
There is some good news
though, the increase in revenue
was due to an increase in the
sales volume of power. Turnover
from sales of power increased
10x qoq to 7.5mn units
from last quarter’s 0.7mn units.
The company has during the
quarter started supply of power
to CSEB and also commissioned
132 KVA sub-stations. OPM expanded 170 basis points yoy,
but down 240 basis points qoq.
Operating profit for the quarter was Rs405mn, 91.9% higher
yoy and 8% higher qoq. But
OPM fell from 21.0% in
Q2FY08 to 18.6% in Q3FY08 on
account of higher raw material
and buy with the stop loss of
1708 on the upper side first target is 1735 then Rs. 1749 1758 to 1770 .
11) ADLAB. ( 665.80 ) :- In this
scrip near term support at 660
and buy with the stop loss of
653 on the upper side first target is 673 then Rs. 679 - 692
to 706.
12) INFO EDGE ( 966.45 ) :- In
this scrip near term support at
961 and buy with the stop loss
of 953 on the upper side first
target is 974 then Rs. 982 989 to 997.
13) TITAN ( 1082.75 ) :- In this
scrip near term support at 1074
and buy with the stop loss of
1068 on the upper side first target is 1089 then Rs. 1097 1112 to 1135.
14) MCDOWELL ( 1571.10) :In this scrip near term support at
1565 and buy with the stop loss
of 1558 on the upper side first
target is 1580 then Rs. 1592 1603 to 1618.
15) SIEMENS ( 582.65 ) :- In
this scrip near term support at
577 and buy with the stop loss
of 570 on the upper side first
target is 590 then Rs. 597 605 to 617.
Sensex sheds 863 points in
this week on weak global
cues, higher inflation
can be observed that if market
breaks 16500 by closing level
there will be more room for
downward side. 16000
is weekly charts
main support. It is
likely to get support from here. So
as in Nifty 5050
has broken which
was a strong support, now it is expected to fall till 4950
& 4900.
Market looks quite corrective
at this moment many of the
large cap shares has declined in such a pace
that it will take
some time to overcome from this
selling pressure.
Market is loosing
the momentum &
has broken major
support.
Major
World Indices are trading in red.
As the
economy
has not so
DON’T AFRAID !!!
Traders
are ad-
NIRAV DESAI - Mo. 09820627454
E-mail : [email protected]
vised to not to initiate any big
position, if standing then hedge
it with the Nifty puts or short
Nifty. Investors stay invested &
do not think this is the time for
new purchase there will be
ample opportunity for fresh buying in deep panic. If possible
stay out of the market for a while,
or do some small quantity trading in some of the scrips suggested below with strict stop
loss.
fast responded to the CRR hike
it looks quite difficult to control heavy pressure of inflation.
As crude prices are continuously rising, the Ministry of finance & the RBI should attempt some more tactics because if once inflation crosses
the double figure it give the
blasting effect & then it becomes extremely difficult to
control it.
As per the technical analysis it
costs. Raw material costs as a
percentage of sales increased
from 69.2% in second quarter
to 74.6% in third quarter. With
iron ore prices rising during the
year and with GPIL sourcing
half of its requirement from the
spot market, landed cost of iron
ore rose to Rs3,500. Adding to
the cost side pressure was the
surge in thermal coal prices in
India. With the demand rising
prices of thermal coal have gone
up around 15% in the last two
quarters.
Scrips
CMP SL
BASF
226
216 236/246 Good Delivery
Rcom
539
528 575
Follow strict stoploss
Gitanjali Gems 280
272 300
Accumulation
Graphite Ind
61
57
Slow but Sure
UTV Soft
799
785 832/848 Follow strict stoploss
Elecon Eng
150
145 170
Long Term
Shivvani Oil
630
580 675
Buy @610
Indian Oversea 148
144 162
Buy if crosses 152
The future holds good for this
company. During the quarter,
the company was awarded prospective license for iron ore
mines over 754 hectares of area
by the Government. This is in
addition to the 15mn tons of reserves already awarded to the
company.
production within six months of
receiving the clearance. However, application for clearances
for Ari Dongri mines is still under consideration by the central
government.
GPIL has received the mining
license for iron ore at Boria
Tibbu and Ari Dongari in
Chattisgarh with reserves of
15mn tons. The company has
acquired all clearances, except
forest, for Boria Tibu mines and
would commence mining after
the forest clearance is received.
The company expects to start
Trg
68
Coal mines with reserves of
243mn tons at Madanpur North
and South, Nakia I & II, which
is 250km away from the
company’s plant have been allotted to a consortium of companies. GPIL’s share of the total reserves is ~63mn tons.
Development of the coal mines
is progressing as per schedule
and is expected to commence
from FY2009-10 buy at 212 target 260 stoploss 185
Comments
Eagle’s Eye
Conti. from ...10
strict stoploss. We assume that
Selected Smallcaps and Midcap
will attract value buying at lower
levels….. In decline try to pick
right and fundamentally good
and sound script for medium to
long term investment purpose,
but invest in phased wise manner.
Try to send us the review and
your likes,dislikes and comments about our recommendation and page which we are providing to you. Send us your
feedback
on
[email protected].
11-5-2008 to 17-5-2008
8
WEEKLY PREDICTION OF STOCK
MARKET FOR 12-05-08 to 16-05-08
During the week Sun will transit
from Aries and from 14th in Taurus, Moon from Cancer to Virgo,
Mars from Cancer, Mercury from
Taurus, Jupiter from Sagittarius,
Venus from Aries, Saturn from
Leo, Rahu from Capricorn, Ketu
from Cancer, Harshal from
Aquarius, Neptune from
Aquarius and Pluto from Sagittarius. Daily effect of above planetary transit on stock market will
be as follow: DATE
DAY
12.5.2008 Monday
13.5.2008 Tuesday
14.5.2008 Wednesday
155.2008
Thursday
16.5.2008 Friday
TREND OF MARKET
Bull day. Electric, electronic, I.T., Tele
com., Bank, paper, tyre, rubber and
aviation will rise.
Open and close with bull trend. All sec
tors will rise after dual trend.
Open with bull trend, decline from
15.14p.m. Bank, paper publication,
telecommunication, psu, chemical and
auto will decline.
Open with bear trend rise from 10.33
a.m. Auto, cement, oil, telecommuni
cation, iron, machinery will rise.
Open with bear trend, rise from 12.41
to 13.01, steady from 13.01.Dual trend
in all sectors.
During the week the following scrip will give good return:ATLANTA, ANSAL PROPERTY, AMBALAL SARABHAI,
ARVINDMILL, BAJAJ ELE
CTRICAL, BAJAJ HINDUSTAN, BINANI CEMENT, CAIRN INDIA, DABUR,ESSAR OIL,
ICICI BANK, I FLEX SOLUTION, IFCI , INFOSY, GARDEN
SILK MILL,GLAXO, GMR INFRA, GULF OIL, HUL,
HINDUSTAN SPINNIG, INDIA GLYCOS, JET AIRWAYS,
MANJUSHREE EXTRUSION ,MUNDRA PORT, NOVAGOLD,
OMNITECH INFO, ORBIT CORPORATION, POWERGRID,
SAMMYA BIOTECH, SESA GOA, STERLITE INDUSTRIES,
SUN TV, TELE DATA, VOLTAMP, RELIENCE INDUSTRIES,
SIEMENS, UBI.
Major Trend Down?
Intermediate Trend Down
Short term Trend Down
Trend is your friend
It is always said Trend is your (unless you can keep nerves
friend except only when it is calm and cool when there is
turning, so you have to iden- trend against you). For investify trend and then
tor meturning your trend
d i u m
is trend which you
t e r m
trade for Day trader
trend is
short term trend is
better.
to be seem watched
Every
40%
40%
and for medium
sector
term player. Major
a n d
trend is to be seem,
stock
If your are future
have dif20%
trader then only inferent
termediate or short
cycles.
term trade is better
In any
Financial astrology says - Crude
oil Bulls Honeymoon over
Astromoneyguru says - Bulls 1978, 1979, and 1980. Spe- ers ,please keep away from Incially who born in these years dian stock market. Only those
keep away in stock market
As per Financial astrology 19th and with "Mesh" and " Varashik traders who expert in using
week of year 2008 represents " Rashi need to be Alert in big hedging tools in day trading is
advised to trade in Indian stock
sun As per Financial astrology trading in future market.
market. Small traders with small
Sun is very famous to bring
Stock Market- As per Astro-tech- investment are advised not to
highest volatility
trade during this
in world future
week. However
market . Our Adthis week may
vance predictions
give golden opmade in previous
portunity for innews letter about
vestors to reload
heavy volatility
their stock at
and profit booking
lower price . My
in Indian stock
choice as an inmarket has gone
vestor for mid term
100% correct .
investment is unwhole previous
der . Videocon Ind
week was under grip
, ONGC, RIL, Power grid ,
of bears in Indian stock market.
Nifty was show around 4.5% nical calculations this week is TCS, Bajaj Hindusthan, Travani
heavy down ward correction . expected to open with volatile Eng etc Remember all recomHope all our reader and web site but Negative movement. in mended stocks are for investvisitors must have enjoyed this world and Indian stock markets ment. not for day trading with
unique system of market analy- .This movement may be seen the view of 45 days .
sis. Now This current week in European and US stock mar- Important sector watch - BankCombinations of Sun and Mer- ket also, Banking, Power, heavy ing, Infrastructure, sugar, Softcury ,Mars and ketu are being engineering, Oil and gas, Tele- ware
shown in transit during the communications, Pharma, infraBullions - As per
week. This
financial astrolcombinaNifty Level
ogy Gold and siltion
and
ver and gold may
conjuncNifty support levels: (1) 4966 (2) 4888 (3) 4766
show volatile
tions bring
movement
in
Nifty Resistance levels (1) 5050 (2) 5122 (3)5210
heavy profit
world
spot
and
fubooking in
Investors may trade in Nifty according to these levels
ture trading . Go
world future
As per personalize
market. This profit booking may
be seen in US, European and structure ,real state sector are horoscope in big future trading
Asian market. This time Asian expected to show volatile move- in bullions
stock market is expected to show ment . Heavy profit booking is Profit or Loss for You
bigger profit booking , China . expected . This would be an opJapan , Indian stock market may portunity to enter in good stock This week may bring fortunes for
come under grip of BEARS . As . Only Investment buying is MITHUN Rashi Be careful "
per Financial astrology special suggested in small batches in Mesh And VARASHIK Rashi
attentions should be paid by Front line stocks with the mid this is base on moon sign as per
those investors who born in term investment view . Day trad- Indian astrology
financial market there is risk
similar in stock market there
is risk. If you divide risk you
will see by watching this figure.
selling because in short selling
you earn similar amount as in
fall market but it is within 1/3
time. Bear phase is always fast.
So be prepare to shout sale
whenever future is opportunities.
In this
figure
Technical Analysis for Visualize,
you will
see marMemoFuture Trend
ket F&
ries, RecDr. Chandra Vanvari
sector
ognize
Mo. 9825900849
play preand act is
dominant role that means if my strategy of traveling. You
market is down sector is also utilize stock in uptrend and
down then even though funda- downtrend both. Look his volmentally stock may be good out ume pattern and relative
risk will be 80% so always strength pattern you memorize
look for market and sector.
the situation and when opportunity comes recognize if and
One trader he said to beat in- act it. Cheetah is fastest aniflation which is very high Now mal even though he always look
I invest in stocks in long term for opportunity and when he
view out to earn May Day to see sheep is lamb and cannot
day expenses. I always do short
ran fast, he grab it. So trade
should be effortless for this
you require isolation that
means you do not see CNBC,
Papers and online screen then
and then you can observe the
market.
Dear readers as now we are
in intermediate trend which
very fast for 15-20 trading
days and invest can get support either at 4950-4900 nifty
and if it over loss then 4200
will be support. Next week I
will recommend which futures are to be watched. In
coming week if there is weak
rally then short it otherwise
remains outside. First rule of
trading is that we should not
loose money.
Happy Trading.
11-5-2008 to 17-5-2008
9
GOOD
LONGTERM
BET
APOLLO TYRES
Apollo Tyres. is the flagship company
of the Raunaq Group. Mathew T
Marattukalam, Jacob Thomas and his
associates incorporated it in 1972. In
1974, the company was taken over by
Dr Raunaq Singh. The tyre project was
implemented in 1976 and commercial
production was started in the year 1977.
The company has current capacity of
750 tonnes per day (TPD) and is planning to expand it to 916 TPD in the
next 2 years.
The company is the second largest
player in the commercial vehicle (CV)
segment of tyre industry, and has presence mainly in the domestic market. The
main activities are manufacturing and
supply of automobiles tyres, tubes and
flaps. It has a major presence in the truck
and bus (T&B) tyre segment and commands market share of 29% It derives
about 70% of its revenues from the replacement market. It also has a presence
in the tractor and passenger car radial
segment as well.
Apollo Tyres principal activities are to
manufacture and sell automobiles tyres,
tubes and flaps. The group exports its
products to South America, Pakistan,
South-East Asia, Middle East Countries
and Africa. The manufacturing plants
of the group are located in Trichur,
Vadodara and Pune. The manufacturing facilities at Durban, Ladysmith and
Zimbawe have helped Apollo Tyres in
consolidating its position in the highly
competitive tyre market. With 5 sales,
services & branch offices, 9 regional
offices and 3 distribution centers at
Ladysmith, Durban and Jetpark
(Johannesburg) the company is all set
to meet the demand of a plethora of its
international clients.
BSE Code : 500877
Current Price : Rs. 46.40
Equity : 48.84 Crore
South Africa.
The company ability to come out with
the product innovations and technical
superiority has enabled it to provide
world class quality in tyres and tubes with
the dynamic and progressive leadership.
The continuous thrust in road infrastructure and construction of expressways and
national highways and creation of road
infrastructure has given and will increasingly give a tremendous fillip to surface
transportation in the coming years.
Apollo Tyres integration with Dunlop
tyres will synergies centralized international marketing and global brand positioning. This integration will rationalize
the product
range and will provide synergy benefits
of product development and will increase
factory output and efficiencies in the future.
The company consolidated its leadership
position in the truck and bus and light
truck categories by registering growths
that were in the excess of the industry
growth rate.
The company continues to be the dominant player in these categories.
The South African export market continues to provide opportunities and the
company continues its focus on growing
its existing niche ultra-high performance
markets of Europe and new markets in
Australia.
Sales and NP for year ended 05 – 06 were
3284.3 Cr. & 114.6Cr. Sales and NP for
latest Quarter 974.1 Cr & 62.2Cr.
Apollo Tyres continued leadership in
the dominant industry segment of truck
and bus tyres has provided the company
with the cutting edge over its competitors and proved it
On YOY basis NP has increased by 55%
& Based on latest quarters NP has increased by 77%
Dividend during year ended 05- 06 was
45%
global presence with acquisition of
Dunlop Tyres International Ltd. in
One can buy this stock for an upside of
25 – 30 % in next 3 - 4 months.
WELSPUN GUJARAT
Welspun Gujarat, part of the Goenka
family-owned Welspun group, is one of
the largest line-pipe manufacturers in
the world, with capacities of 400,000tpa
in spiral/helical submerged arc-welded
pipes (HSAW), 350,000tpa in longitudinal submerged arc-welded pipes
(LSAW), 250,000tpa in electric-resistance welded pipes (ERW), and
14,500,000m2 per annum in pipe coating. The raw material for HSAW and
ERW pipes is hot-rolled coils, while
LSAW pipes require plates of grade X60
and above. Welspun has successfully
BSE Code : 590059
Current Price : Rs. 161.50
Equity : 88.88 Crore
produced pipes of up to 56” in diameter
and supplies to the world’s deepest gas
pipeline in the Gulf of Mexico.
The company is setting up a HSAW plant
with 300,000 tonnes capacity in Arkansas, US, for a capital expenditure of
US$90m. It has planned 300,000 tonnes
fresh LSAW-pipes capacity for the
Gujarat special economic zone (SEZ) for
US$75m. It is also debottlenecking its
HSAW-pipe facility in Anjar to create
150,000 tonnes of further capacity for a
cost of US$25m.
Welspun Gujarat is setting up a facility
in Anjar, Gujarat, to manufacture 1.5m
tonnes of American Petroleum Institute
(API)-grade steel plates per annum from
slabs, as a form of backward integration
of its LSAW capacity, for a capital cost
of US$400m. We expect production to
start in 4QFY08, with topline impact
coming through in FY09.
Apart from capitalising on the currently
high conversion margins from slab to
plate (payback in less than a year at current margins on full utilisation), the move
also tries to counter the power of APIgrade plate suppliers, who are quite few
in number and have used previous steelprice spikes to renegotiate fixed-price
contracts (a threat to margins). Key suppliers include Dillinger, Voist Alpine,
Posco and Azvostahl. At steady
utilisation levels, Welspun will be consuming half the volume and sell the balance to other pipe producers in the region.
Globally, line pipes annual sales amount
to US$8-10bn. The pipeline burst accident in BP’s Alaska lines has raised
awareness about the ageing transAmerica pipelines, which are mostly of
1960 vintage. Replacement of oil pipelines alone might mean a US$600bn opportunity - 1m miles x (pipe of 480 tonne/
mile, assuming a 30” diametre) x
US$1,300/tonne. An equivalent opportunity exists in gas pipelines. Over the
next five years, Simdex’s demand pro-
BIHAR TUBES LTD
Incorporated in 1986, Bihar Tubes Ltd
(BTL) is primarily engaged in manufacturing of steel pipes & tubes. It products
are broadly classified into four segments
i.e., galvanized pipes, ERW pipes, pregalvanized pipes and hollow pipes.
The first two categories are the most common type of pipes manufactured by several organized as well as unorganized
players under stiff competition with low
margin. But for the third segment i.e. pregalvanized pipes, Bihar tubes is the pioneer and only company in India producing it. And for the last segment viz. square
and rectangular hollow pipes, BTL is the
second largest manufacturer in the country after Tata Steel.
Bihar tubes possess the capability to provide nearly 150 kinds of tubes across
thickness, layering, treatment and chemical composition, thereby emerging as a
one-stop shop for customers with varied
requirements.
Its products are used in diverse sectors
linked closely to India’s growth like oil
and gas, water management, mass rapid
transportation, construction, engineering, automobiles, sugar, power and agricultural equipment industries. Moreover
around 10% of revenue comes from export to over 35 countries like US, Colombia, Nigeria, Ireland, Middle East,
Africa and Germany.
BTL currently has four tube production
mills in Sikandarabad, UP out of which
three have their technology imported
from Kusakabe, Japan. To cater the rising demand, last fiscal only company
has increased its overall capacity of steel
pipes and tubes from 60,000 to 125,000
MTPA. BTL has a network of 100 dis-
jections are Middle East (24m tonnes),
North America (20m), Europe (9m), Latin
America (7m) and others (8m), totalling
67m tonnes.
Sumitomo (1.6m tonnes capacity),
Europipes (1.4m) and Welspun (1m) are
the three top players in the world, with
close to 35-40% market share. Welspun
is an approved supplier for almost all oil
and gas majors in the world. Also,
Welspun’s facilities are almost all based
on newer technologies, which helps order procurement and makes it a global
player of proven execution capabilities.
It takes about three years to set up the
plant and equipment (mostly German) for
a pipe factory. The accreditation period
by an oil and gas major takes another
three years post trial runs. Hence, the entry barriers to this business include long
lead time and difficulties in getting new
approvals without an established track
record.
Sales and NP for year ended 05 – 06 were
2555.1 Cr. & 142.7Cr. Sales and NP for
latest Quarter 1036.4 Cr & 97.4Cr.
On YOY basis NP has increased by 130%
& Based on latest quarters NP has increased by 136 %
Dividend during year ended 05- 06 was
20 %
One can buy this stock for an upside of
25 – 30 % in next 3 - 4 months.
BSE Code : 532144
Current Price : Rs. 409.60
Equity : 10.68 Crore
tributors throughout the country with a
strong presence in north and south India
where it markets products under the
popular ‘APL Apollo’ brand name. It also
sells directly to various institutional customers from engineering and construction space such as L&T, BHEL, Reliance,
Nagarjuna Construction, BSNL, Suzlon
Energy, Era Construction, Simplex Infrastructure. Indian Railways, Tata motors,
Gammon, BL Kashyap, Triveni Engineering, among others.
As a step towards backward integration,
BTL took over a small company called
Apollo Metalex having a capacity of
24,000 MTPA for galvanising sheets.
Besides to improve its profit margin, it is
shifting its product mix in favour of hollow sections and pre-galvanized products since these earn relatively higher
realizations. It is also aggressively setting up branches across India with a view
to having a pan-India presence. For future growth, BTL is foraying into the
automobile sector by creating a capacity
of 35,000mtpa for boiler tubes, air heated
and shock absorber tube. It is setting up
a facility in Maharashtra to manufacture
infrastructure pipes, API grade pipes and
precision tubes. The company is also
looking to scale up the value chain via
the manufacture of 20”- diameter tubes
and is currently setting up a tube mill for
this purpose.
Sales and NP for year ended 06 – 07 were
201.2Cr & 6.3Cr. Sales and NP for latest
Quarter 66.8 Cr & 4.1Cr.
On YOY basis NP has increased by 340%
& based on quarter latest its increased by
107%
11-5-2008 to 17-5-2008
10
Last Week Clearly Told u
about Index and Nifty future
that …If Index & Nifty Fut
Crosses and close above
17736 & 5272 Then Further Gain Possible…. Then
see what happened???... Index and nifty future can not
able to cross and close above 17736 and
5272 and slipped heavily….. Also, We
have given stoploss of 17273 and 5106
respectively… Index had breaked 17273
and 5106 levels and crash very heavily
to touch 16678.94 and 4970.10……Very
Boldly we have given this information
to you all…. See our all prediction…….
Nifty Fut If Breaks 4954 then 4917, 4868
& If Crosses 5037 then 5078, 5114, 5157
Oil touched 155,RNRL touched
128,Aptech touched 264, NTPC touched
201,Zee touched 230,Cairn Runs very
very good to touch 284…in this kind of
very volatile and negative market also…..
..After our stoploss breaks all stocks were
tumbled very heavilyyy….
From Nifty future’s reco….GNFC touched
169, Air Deccan touched 159,Hotel leela
touched 51, MRPL touched 109, Hind
For Next week be cautious.. For Index If
Breaks 16570 then 16480,16227,16073
BSE Index Prediction for Week (12.05.08 To 16.05.08)
Index
BSE
Closing Price
16737.07
Support
16570
Stoploss
16480
Target 1
16947
Target 2
17068
Closing Price
4989.70
Support
4954
Stoploss
4917
Target 1 Target 2 Target 3
5037
5078
5114
Nifty Future’s Hot Scripts for Week (12.05.08 To 16.05.08)
Sr.
No.
1
2
3
4
5
Company
Name
ONGC
Telco
Grasim
Air Deccan
BEL
Closing
Price
1033.70
668.10
2331.65
136.00
1232.65
Stoploss
Target 1
Target 2 Target 3
1020
655
2309
130
1208
1045
677
2348
149
1255
1057
689
2365
163
1279
1068
697
2379
171
1292
record high of 126+…., Inflation is at
record 42 week high at 7.61….. and international market is also too much volatile not steady and stable…..
So with cautious approach, trade with
Continue on ...3
Weekly Trading’s Hot Scripts for Week (12.05.08 To 16.05.08)
Sr.No.
1
2
3
4
5
Company Name
MRPL
GNFC
HOECL
RNRL
Hotel Leela
Closing Price
91.15
154.15
139.1
107
45.7
Stoploss
86
149
134
101
42
Target 1
96
163
148
115
51
Target 2
104
176
161
123
56
Target 3
115
184
170
132
63
For Delivery Based Investment Hot Midcaps/
Smallcaps for Week (12.05.08 To 16.05.08)
Target 3
17126
Nifty Future’s Prediction for Week (12.05.08 To 16.05.08)
Index
Nifty
&
If
Crosses
16947
then
17068,17126,17259 can be possible…
and For Nifty fut, Nifty Fut If Breaks
4954 then 4917,4868 & If Crosses 5037
then 5078,5114,5157 can be possible…..
We are giving both side target because
market is highly volatile….. Crude is at
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Company
Name
Deccan Chroni
RDB Ind.
Max India
Matrix Lab
Gwalior Chem
Sel MFG.
Prime Property
Transpek
BASF
Godrej Ind
Lakshmi Ener
Tulip Star
Hatsun Agro
Sky Ind.
Futura Poly
Bse
Code
532608
526723
500271
524794
532764
532886
530695
506687
500042
500164
531088
531531
526479
500720
Closing
Price
149.70
156.40
155.70
174.75
84.20
453.40
80.95
77.50
226.35
291.00
232.10
149.60
492.80
62.90
30.90
Target 1 Target 2 Target 3
154
167
161
180
87
465
85
81
234
303
239
155
503
65
33
159
175
168
186
91
480
88
86
243
315
247
160
519
70
36
164
182
175
192
95
497
93
90
250
321
258
166
533
74
38
If Breaks 16570 then 16480, 16227, 16073 & If Crosses 16947 then 17068, 17126, 17259
Anu’s Laboratories Limited
Incorporated in 1996, Anu’s Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture
bulk active pharma ingredients and intermediates for drug molecules and was
promoted by Mr. K. Hari Babu.
Company started their own manufacturing facilities in the year 1998 from
Chilakamarri Village, Shadnagar,
Mahboobnagar District, Andhra Pradesh
with manufacturing of 2,4 Dichloro 5
Fluoro Acetophenone (DCFA). Company had started export of their products
in the year 2002 to Israel followed by
exports to other countries like Italy, Japan, France, USA and Singapore. Currently, exports comprise of 12.37% of
total turnover.
They are engaged in manufacture of Basic & Advanced Intermediates and fine
chemicals and are presently having
manufacturing facilities for key intermediates like 2,4-Dichloro-5-Fluoro Acetophenone (DCFA) (an intermediate for
synthesizing quinolone antibiotics like
ciprofloxacin); Chlorohexanone (key
intermediate in the manufacture of cardio
vascular medicine) and Methyl-4 (4Chloro 1 oxo butane) a, a Di-Methyl
Acetate (an intermediate in the manufacture of Fexofenadine an anti allergic
drug). DCFA have contributed 39.88%
of our total sales whereas Methyl-4 (4Chloro 1 oxo butane) a, a Di-Methyl
Acetate contributed 18.30% and
Chlorohexanone contributed 5.39% of
the total sales during 2006- 07.
FINANCIAL AND RECOMMENDATION
Company has started export to Israel in
2002, subsequently it has gone in may
other countries, At present if exported
products to Italy, Japan, France, America,
Singapore. It has face stiff competition
from domestic companies as well as export market, as a result its sales and profits are growing in moderate pace. The
company has posted Rs.18.57 EPS in the
current fiscal. The company’s share price
at the PE of 11on higher side of price
band. At the offer of Rs.200-210, its share
is seems to be expansive in compare to
peer companies. Investors can take their
own decision before investing.
ANU LABORATORIES ISSUE OPEN ON May 12, 2008
Anu’s Laboratories Limited
Objects of the Issue:
Issue Open: May 12, 2008 to May 14, 2008
The objects of the Issue are to achieve the
benefits of listing on the Stock Exchanges
& to raise capital to:
Setting up a new plant for manufacturing
of drug intermediates including Active
Pharmaceutical Ingredients (APIs);
Setting up of pilot plant for carrying out
Contract Research and Manufacturing
(CRAM);
Meeting long term working capital requirement;
Meeting general corporate purposes;
Meet the expenses of this Issue.
Issue Type: 100% Book Built Issue
Public Offer IPO)
(Initial
Issue Size
: 76 to 80 crore
Face value of the shar: Rs.10
Offer price : Rs.200 to 210
Company equity capital : 220 crore
Reservation for employee : 2,00,000
Share offer by Co, : 36,20,000
Minimum Investment : 30 Share in in multiples
of 200 share
Manimum Subscription : Rs.6300
Promotors :
K Haribabu, NS Valimbe
Registrar of the Issue : Karvi Computers Pvt.Ltd.
Lead Managers: Almond Globle
IPO Grading : Grade 3Below-average fundamentals by ECRA a rating co.
Listing : BSE, NSE
Check drown Escrow Account- Anu’s Public
Issue-R For Retail Bidders
Website: http://www.anulabs.com
Market Summery
Conti. from ....1
measures to rein in prices in addition to
slew of majors taken recently. The increasing inflation has been a major cause of
concern for Indian Equities Market. The
wholesale price index rose 7.61% in the
12 months to 26 April 2008, marginally
higher than previous week’s annual rise
of 7.57%
The market see the selling pressure last
week as weak global equities and soaring crude oil prices worried investors.
The recent rally in crude oil may also
continue to weigh on investors sentiment. Oil rallied to strike a fresh record
to an all peak of 126 dollar a barrel as
strong diesel demand outweighed signs
of rising OPEC supply.
Further, The Bank of England and The
European Central Bank both kept interest rates unchanged at 5% and 4% respectively, as expected. Most experts now
belief that these banks are likely to cut
rate by end 7th year. The Market trend
likely to be volatile and range bound in
near term.
11-5-2008 to 17-5-2008
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
Position trading entry levels as
well as stop losses 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.
11
Trading levels for
12 th /16 th
May
2008 . . .
the shape of things to come.
This week is very crucial for DOW
in particular. We are taking directional cues from DOW. Any weakness will accentuate weakness in
our market. We will review situation early next week.
We must learn to trade lower volumes and corresponding volatility associated with that. Like last
week, I will advise to keep safe
distance from momentum stocks.
Today, I have given levels for 8
stocks, 4 commodities and 5 important world indices. This should
give you some indication about
Please call me if you have any
doubts or you need levels for some
other stock. I am available on
Stocks
09371002943
or
[email protected]
on
Commodities
WEEKLY SUPPORT AND RESISTANCE LEVELS
FROM 28 April TO 03 May 2008
ANURAG GUPTA
MOBILE : 9255191643
SYMBOL
NF APRIL
ADLAB FUTURE
ABB FUTURE
ACC FUTURE
BOB FUTURE
BEL FUTURE
BEML FUTURE
BHEL FUTURE
BOMDYEFUTURE
BPCL FUTURE
CANBK FUTURE
CENTURYTEX FUT
CIPLA FUTURE
DIVISLAB FUE
DRREDDY FUT
GAIL FUTURE
GRASIM FUT
HCLTECH FUTU
HDFC FUTURE
HDFCBANK FUT
HEROHONDA FU
HINDUNILVR FU
IDFC FUTURE
IDBI FUTURE
IFCI FUTURE
HINDPETRO FUT
I-FLEX FUTURE
ICICIBANK FUTU
INDIACEM FUTU
INFOSYSTCH FU
IOC FUTURE
ITC FUTURE
IVRCLINFRA FUT
LT FUTURE
M&M FUTURE
MARUTI FUTURE
MTNL FUTURE
NDTV FUTURE
ONGC FUTURE
ORIENTBANK FU
PARSVNATH FUT
PRAJIND FUTURE
PUNJLLOYD FUT
PATNI FUTURE
RANBAXY FUTU
REL FUTURE
RELCAPITAL FUT
RELIANCE FUTU
SATYAMCOM FU
SOBHA FUTURE
SBIN FUTURE
TATAMOTORS FU
TATAPOWER FUT
TATATEA FUTUR
TCS FUTURE
TATASTEEL FUT
TITAN FUTURE
UNITECH FUTURE
TATACOM FUTURE
WIPRO FUTURE
ZEEL FUTURE
CLOSE
5125.75
740.65
1172.75
788.45
311.70
1220.75
1060.95
1870.30
848.55
394.25
239.75
816.50
225.40
1416.15
620.60
448.50
2666.40
262.40
2694.60
1474.25
810.00
250.05
174.40
104.85
62.20
248.70
1341.30
921.80
175.15
1663.05
440.55
213.95
412.15
2987.80
640.70
743.55
113.50
417.70
1058.15
205.65
226.70
171.25
357.60
252.35
475.40
1369.90
1473.85
2631.45
447.70
607.50
1757.75
640.70
1339.75
865.00
895.35
806.75
1128.40
289.80
492.10
465.05
212.45
Email : [email protected]
TREND
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
RES2
5225.18
781.55
1246.92
873.08
333.03
1321.95
1175.65
1978.77
935.12
423.42
257.92
857.50
238.57
1515.95
641.40
465.30
2765.13
292.37
2994.20
1553.22
870.67
264.52
186.53
112.75
73.23
266.90
1454.43
999.20
204.25
1766.08
472.85
220.02
450.72
3125.20
671.43
810.52
119.10
440.23
1094.05
224.75
245.57
203.35
385.20
300.72
514.47
1435.70
1562.28
2773.82
513.23
651.13
1827.25
726.10
1420.58
945.67
1101.65
864.45
1254.80
316.20
509.33
513.12
225.75
RES1 TREND LEVEL
5175.47
5083.28
761.10
726.05
1209.83
1175.92
830.77
807.38
322.37
307.83
1271.35
1217.40
1118.30
1071.65
1924.53
1840.77
891.83
858.42
408.83
395.22
248.83
234.42
837.00
820.50
231.98
227.22
1466.05
1420.50
631.00
617.50
456.90
444.10
2715.77
2648.63
277.38
263.52
2844.40
2562.20
1513.73
1439.52
840.33
787.67
257.28
244.22
180.47
170.73
108.80
103.85
67.72
58.93
257.80
249.40
1397.87
1326.43
960.50
895.20
189.70
180.90
1714.57
1648.53
456.70
444.60
216.98
212.42
431.43
414.22
3056.50
2928.30
656.07
634.03
777.03
749.52
116.30
111.45
428.97
417.98
1076.10
1048.05
215.20
199.35
236.13
225.07
187.30
170.65
371.40
357.20
276.53
262.77
494.93
482.97
1402.80
1348.90
1518.07
1439.53
2702.63
2606.82
480.47
451.73
629.32
612.18
1792.50
1726.25
683.40
601.20
1380.17
1336.58
905.33
873.67
998.50
931.85
835.60
780.15
1191.60
1116.80
303.00
284.00
500.72
489.38
489.08
457.87
219.10
212.70
SUPP1
5033.57
705.60
1138.83
765.07
297.17
1166.80
1014.30
1786.53
815.13
380.63
225.33
800.00
220.63
1370.60
607.10
435.70
2599.27
248.53
2412.40
1400.03
757.33
236.98
164.67
99.90
53.42
240.30
1269.87
856.50
166.35
1597.02
428.45
209.38
394.93
2859.60
618.67
716.03
108.65
406.72
1030.10
189.80
215.63
154.60
343.40
238.58
463.43
1316.00
1395.32
2535.63
418.97
590.37
1691.50
558.50
1296.17
833.33
828.70
751.30
1053.60
270.80
480.77
433.83
206.05
SUPP2
4941.38
670.55
1104.92
741.68
282.63
1112.85
967.65
1702.77
781.72
367.02
210.92
783.50
215.87
1325.05
593.60
422.90
2532.13
234.67
2130.20
1325.82
704.67
223.92
154.93
94.95
44.63
231.90
1198.43
791.20
157.55
1530.98
416.35
204.82
377.72
2731.40
596.63
688.52
103.80
395.73
1002.05
173.95
204.57
137.95
329.20
224.82
451.47
1262.10
1316.78
2439.82
390.23
573.23
1625.25
476.30
1252.58
801.67
762.05
695.85
978.80
251.80
469.43
402.62
199.65
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
World indices
Continue on ...8
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.
12
11-5-2008 to 17-5-2008