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• Vol. I • Issue : 23 • Date : 03-8-2008 to 09-8-2008 • Editor : Narendra Joshi • Sub.Editor : Sharad Kotak • Mobile:9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
MARKET MAY RANGEBOUND
IN SHORT TERM
July derivative contract ended with
volatality with 65 % rollover to August
2008. BSE Sensex and nifty gains in
forth consedcutive week. BSE Sensex
rose 381.75 points to 14656.69and Nifty
rose 101.7 points to
4413.55 in the week
ended 1 August 2008.
Despite mixed global
cues our market able
to gain on weekly basis and that is positive
sign for short term.
Corporate earning season for June 2008
quarter almost to end and results of the
companies being more or less in line
with the expectation. Second phase of
monsoon is going smoothly and for the
market there is no near term trigger so
our market will depends on global market and also prices of Crude Oil.
Crude Oil prices has cooled off from the
historical high of $ 148 to $ 125 per
berrel. Any bounce back in Crude of
prices will dampen the market sentiment.
And if the prices survive at this level or
13
INVESTMENT
GUIDE
ANTARYAMI
4
EAGLE’S
EYE
PARAS GHELANI
5
ASTRO
MONEY
GURU
MAJOR
AJAY
fall down further may provide strength
to international economy.
Inflation is hovering around 11.98 %
near its higher level and Government
will no leave any attemp to tame the
inflation as parliament election
is schedule to
next year. RBI
has increased 25
bps in CRR and
50 bps in report
at recent meeting,
which will help
to curb th inflation.
Government has won the trust
vote and there are some reforms which
were pending since long will take
place. There is possibility of disinvestment in some PSUs, Pension reforms,
Banking rforms etc.
Looking to above situation the market likely to be range bound and stock
specific trend may occur in the market. So invest in good fundamental at
lower level and book profit in rally.
CORRECTION LEVELS ARE CHECKED
AND MARKET IS NOW IN UPTREND
Volatility of last day of F & O is digested and market has resumed its
uptrend. Investors can definetly make
their portfolio in technically strong
scrips. Traders should buy at lower level
instead of selling at higher level.
NIFTY (413P55)
Nifty has corrected 50% (4159) from
previous bottom of 3790 to previous
top of 4539 and started going up. After
crossing the latest top of 4539 which
seems positive to cross, it can go up to
4914.
NTPC (176.80): After taking support of
Rs. 168 it has started going up.
Upperside first target is Rs. 195 and
then Rs. 225.
GMR INFRA (98.85) : Latest two tops
of Rs. 96 are crossed. One can buy with
stop loss of 92 and then 88 to get price
upto 112 and then 120.
Dr. Reddy (584.85):
Required correction is over and reversed to upside. One can buy with stop
loss of 567 and then 550. First target is
Rs. 675 and crossing this level can go
upto 725.
JAIPRAKASH ASSO. (170.45): Required
correction is over and now turned up. One
can buy with stop loss of Rs. 160 and than
Rs. 152. After crossing Rs. 175 it can
achieve target of Rs. 220.
ABB (801.90)
Previous bottom is rechecked and turned
Rupesh Patel
Phone : 09974747485
www.GurukrupaCapital.com
up. One can buy with stoploss of 753. First
target is Rs. 935 and then 1025.
JINDAL VIJAY (797.90) After checking
multiple bottoms it has given upside break
out. It can be bought with initial stoploss
of Rs. 747 and then 712 to get first target
of 860 and then 1030.
MARUTI (562.15)
Required correction from last bottom of
Rs. 520 to last top of Rs. 660 seems over.
One can buy with initial stoploss of Rs.
553 and then 520. First target is 660 and
crossing this level it will go up to 700.
BULL CHARGE NEXT
WEEK - 02/08/2008.
SENSEX MAY CROSS
15000 this week
Last week we boldly wrote to Nifty took support at 4159 (our
buy the market when it corrects support was 4164) and Sensex
in between the week and it hap- took support at 13727 (our buypened exactly in the same way. ing zone was 13800)…. now
We had suggested that 14100- what you would say to such ac13800 to be the 'Buying Zone' curacy 'Nothing but Pure Magic'.
for the market. We mentioned
the Nifty support to be around
4164. NOW PLEASE CHECK
WHAT HAPP E N E D
L A S T
WEEK. The -SHOBHA
RBI gave a Email :
[email protected]
rude shock to
the market SHAHENSHAH OF FINANCIAL JUNGLE
when
it
abruptly announced a hike in This is not Magic, this is the
Repo and CRR at the same time. power of Technical Analysis and
The market was not expecting a not for nothing the Lion is the
Repo rate hike of 50bps and so King and so is known as the
it gave away and fell sharply. Shahenshah of Technical AnalyBut just see the support it took,
Continue on ...10
The market was up more than 2
per cent last week, primarily on
the news of decline in crude oil
prices. The crude
prices which had
peaked around $ 145
per berrel, and is now
quoting at a much
lower $ 123. It is still
likely to come down
further.
The market is likely to go up
further next week and if the Nifty
crosses 4550, it is hereby to see
a futeher upmove of about 150
point more. The Sensex is also
expected to cross 15,000 next
week.
The traders may trade within this
range but investers should re-
frain from buying in this rise.
As this ia bear market rally, and
there is
likelyhood of a decline in
prices over the following
month or so.
The July settlement passed off
with good amount of rollover,
and the market seems to be in a
good intermediate term rally.
03-8-2008 to 09-8-2008
2
MARKET WILL BE KEEP UP
THE UPTREND WITH THE
POSITIVE GROWTH
Dear Readers,
India’s first step towards nuclear
deal will keep the market in
uptrend. This will lead to a significant rise in the price of power
share & midcap. Sensex will
have support around 14350 &
14000 levels & on the upper side
it can move up to level of 16100
very speedy. Nifty will have
very good support around 41504260 and on the upper side it
can move up to level around
4567 to 4700.
RBI’s strict policy will keep
Banks under pressure but as assured by Finance Minister issuing Amendment Bills in Parliament in this monsoon session
there is a chance of seeing a certain uptrend in the banking
stocks and market. As our (Finance
Minister)
Mr.
P.Chidambaram stated that
within 6 months to 1 year Interest Rate will be reach at its normal level. It is advised to keep
investing in banking sector in
the downtrends ahdwit for the
sharp up move within months.
Market will be in positive zone.
The norms of 3G Spectrum will
keep the telecommunication
sector busy and in uptrend as
they will have to diversify themselves in the new ways of communication. Due to this we are
kindly advice to do investment
in telecommunication industry.
It will be profitable.
Overall market will be keep up
the uptrend with the positive
growth. As our last week advice
investor should keep invest their
money in that manner only.
Global News:
In this week global market will
be volatile. Little bit bad results
will leads market volatile. Decreasing commodities will help
market to being stable in positive manner. Crude oil will be
around $ 125 & at down level $
120. In up coming days which
is good for global market.
Our Last week’s Classic Calls:
Nifty – Bottom 4189, High 4422
L & T – Bottom 2602, High 2800
MRPL – Bottom 62.35, High 73
STAR – Bottom 172.55, High 190
Present Week’s Classic Call:
Nifty: Buy 4310, Stop loss 4260, High 4600
NTPC: Buy 177, Stop loss 173, High 186
Syndicate Bank: Buy 56, Stop loss 53, High 59 to 66
ONGC: Buy 995, Stop loss 975, High 1030 to 1050
ITC: Buy 186, Stop loss 182, High 191 to 196
Global Markets Maximum level support:
Dou Jones: 10950
NASDEQ: 2200
S&P: 1210
FUTSI: 5150
HENGSANG: 21000
Commodity Updates:
Our Previous Week’s Commodities Calls:
Gold: 13000 Stop loss to sale, 12500 to 12200
(Last week Bottom 12284, High 12850)
Crude Oil: 5100 Stop loss to Buy, 5450 to 5600
(Last week Bottom 5106, High 5442)
Silver: 24700 Stop loss to sale, 24350 to 23500
(Last week Bottom 23670, High 24985)
Present week’s Call:
Gold: 112700 to 11950. Sale at high level. Buy at down level.
Crude Oil: 5100 to 5500. Sale at high level. Buy at down level
Silver: 24700 to 23500. Sale at high level. Buy at down level
WEEKLY REPORT CARD
{4th august to 9h august 2008}
Hello friends, hope all are finesas always readers of “THE
ECONOMICREVOLUATION”
magazine are always happy as
we always analyze {not predict}
the market vary accurately we
don’t favor only towards bulls
or bears like others-we look to
our profits only.
RED ALERT that index has broken triangle of 1078 points-any
time correction on card so be
prepare for the correction as this
is bear market rally.
Buy Nalco-good news on Monday levels only for premium
paid clients.
US ECONOMY CALANDER
OF NEXT WEEK.
Support at
4337-41624131-4000.
DATE
MENT
4th augest
4th augest
4th augest
5th augest
5th augest
In the last week volatile market
our 4300 + free subscribers earn money from
punj, gmr.rnrn, tata
power, lic, colgat, sesa
goa, Nalco, praj, tech
mahindra and not much
in aurbindo, balrampur,
and cipla.
One thing I would like to point
out hear-generally if you have
market I don’t discuss any matter in this edition .now all media and analyst weather its Indian or global that crude prices
will drop to even below 100 because of the us recession – tell
them when crude first time
breached $ 100 market on 20/
01/2008 and reached to all time
high at 145 on 15/01/2008 so at
that time us was not in the recession? And why crude was going
up? Because they said that rising demand from emerging
economy like India so we are
demanding the same why prices
drop to the $ 120 dollar? Remember this is bull market correction in crude oil and we are
bullish on crude oil demand and
price too.
SENSEX-in the next few days
index has resistance at 1513015390-15688 if index gives two
close above 15688 then we may
see profit-booking rally to
15798 to 16159.
While support at 14161-1383013727.
NIFTY FU-strong resistance at
4460 if index gives two close
above that levels then expect
price to reach to 4515-4556 from
that levels use this as profit booking rally 4600-4655 between
this levels we advise to go short
in nifty fu with stop loss of 4750
and start buying 4000 put options.
Always remember last week
6th augest
6th sugest
7th augest
STRATEGYFOR FUTURE TRADERSSell reliance communication
“island reversal “ formation
keep sl of 490 and short with tgt
of 400 and 385.
8th augest
8th augest
ANNOUNCEPersonal income
Personal spending
Factory order
Ism report
Fomc policy state
ment
Crude oil inventory
Consumer credit
Pending home sales
data
Productivity
Wholsel inventory
data
We advise that future should do
only who have minimum 25 lk
capital .
GLOBAL MARKET CHECKKeep levels in mind of dow and
nasdaq of the last week report.
Hang sang formed bearish engulfing on weekly charts if index close above 22250 on
weekly basis then expect good
bounce.
Shanghai formed bearish engulfing on weekly charts if it
close above 2732 on weekly
basis then good bounce.
IMPORTANT NOTES
If sensex close below 14657 on
Monday or Tuesday then expect
the bull market over.
SHORT TERM DELIVERY
BASED-
Short nifty fu between 46004656 with stop loss of 4750.
Buy abb keep sl of 781 and tgt
of 817-850
Exit from all power stock on
every rise –a big correction on
card.
Sell shipping corporation-bullish engulfing –sell with sl of 239
on closing basis and tgt of 219214.
Buy idfc –bearish engulfing –
buy with sl of 88 and tgt of 102106-111.
Buy hdfc bank with sl of 1080
tgt 1118-1150-1191.
Buy idfc-same levels as above.
Hedge position in selling lots of
rcom and sci with buy of idfc.
Buy Indian bank-sl 90 tgt 116127.
Remember bear market rally.
EAGLE’S EYE
Conti. from ..4
Buy bank bees-levels are only
for our premium paid clients.
to 3500+ from 3111, IFCI
moved to 50 from 45, DLF
moved to 520+ from 488,
Unitech had moved to
172+ from 166 and Essar
Oil had moved to 200 from
187…… Hope u all had
make good profits from this
informations….. Our paid
clients are enjoying and
minting huge money with
minimum risk.
DAY TRDING LEVELS FOR
MONDAY.
Buy ksk energy with sl of 166
tgt 177-185
Buy hdfc bank sl 1090 tgt 1140.
Buy dlf sl 509-500 tgt 536-545.
Buy satyam com sl 384 tgt 400409.
03-8-2008 to 09-8-2008
3
MARKET WILL TAKE CUE FROM
CRUDE OIL PRICE AND DEVELOPMENT OF MONSOON
Bse Sensex(14656.7) and
Nifty(4413.55) closed approximately 2.7% and
2.4%up each last week . Inflation was at 11.98 v/s
11.89 and Crude fell to 124
$ which boosted the sentiments and bears were forced
to cover their position..
Market will take cue from
Narendra Naynani
Crude oil prices and rain(M)9898162770
fall repots..Support for
[email protected]
Sensex is 14000 and for
Nifty 4250 Resistance level
of for Sensex 15300 and
4600 for Nifty. Selective buy- Maximum Loss=unlimited
ing will be visible at every de2)NIFTY FUTURE(4335.1)cline.
Lot Size-50 Shares.
Nifty put-call ratio is 0.91 and
highest open interest is build Buy One Lot of Nifty August
month [email protected]
up at Nifty 4300 put options.
BULLET
Strategy for Future & Option
players
1)Sail-(145.85)-Lot Size-1350
shares
Buy one put option Nifty August month Strike Price
[email protected] Rs.
Premium Paid =114.00*50
=5700.00 Rs..
Buy One Lot Of August Month
Future @145.85
Maximum Profit=unlimited
Sell One Call Of August Month
Call [email protected] Rs.
Maximum Loss=35.10+114.00
=149.10*50=7455.00 Rs.
Premium Received =1350*
7.35 == 9,922.50 Rs. .
Trading Idea
Maximum Profit-150-145.85
=4.15+7.35=11.50*
1350=15,529.00 Rs.
1)PFC(135.25)Buy this decline and trade.
2)MTNL(107.75)Buy this
stock in decline and trade..
Useful Indicators for major stocks
MFI=MONEY FLOW INDEX
RSI=RELATIVE STRENGTH INDEX
ADX=DIRECTIONAL MOMEMNTUM INDEX
STOCK
ICICIBANK.NS
INFOSYSTC.NS
ITC.NS
MARUTI.NS
RELIANCE.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
CLOSE
642.4
1639.45
187.1
562.15
2297.6
144.5
391.05
1504.55
679.85
840.65
MFI-21
54.42
39.49
53.74
57.99
53.5
57.01
31.16
57.01
50.88
49.96
RSI-14
48.79
49.28
51.51
40.84
57.99
53.37
43.02
62.86
51.34
51.37
ADX-14
19.42
20.01
21.98
22.26
21.83
16.47
38.91
28.67
39.62
20.65
TREND OF MAJOR STOCKS
STOCK
ICICIBANK.NS
INFOSYSTC.NS
ITC.NS
MARUTI.NS
RELIANCE.NS
SAIL.NS
SATYAMCOM.NS
SBIN.NS
TATASTEEL.NS
TCS.NS
TREND NO OF
DAYS
Neutral 1
Bulllish 3
Bearish 4
Bearish 6
Bulllish 2
Bulllish 2
Bulllish 3
Bulllish 1
Bulllish 3
Bulllish 3
Weekly Monthly
Trend
Trend
Rising
Flat!
Rising
Flat!
Rising
Flat!
Falling
Flat!
Rising
Flat!
Rising
Flat!
Falling
Flat!
Rising
Flat!
Rising
Flat!
Rising
Flat!
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
POSITIVE TREND EXPECTED IN MARKET IN COMING WEEK
In last week we see a high volatile trend in market continuously
For coming week again expected some volatile trend in
market for coming week market
is high volatile we expected
some volatile coming in next
week For coming week sensex
important Support is at 14100
weekly basis sensex resistance
is at 14840-14910-15180 above
this next important resistance is
at 15220 if sensex closes above
this level then next target for
sensex is at 15420 on weekly
basis sensex support is at 1441014220-14140 below this level
next support is at 14120 for
weekly basis nifty resistance is
4480-4540-4600 above this
level next resistance is at 4640
on weekly basis nifty support is
at 4350-4280-4210 below this
level next support is at 4180.for
next week strategy in f&o once
an Buy nifty future jul with a
weekly target of 4460 in down
side strong support is at 4360 if
this is break then next support
is at 4310 keep a stoploss of
4350 expected volatile trend see
in market in this week.
STOCK FOR THIS WEEK
BUZZING STOCK
Conti. from ..6
it will unlock substantial value
for shareholders.
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 07 08 were 188.6 Cr & 14.4 Cr.
Sales and NP for latest Quarter
58.1 Cr & 5.1 Cr.
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 established. 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
Hmt —Buy at current levels
with a upper target of 88 it has
important support is at 71 below this level next support is at
65 if it break the level of 65
FOR INTRADAY
TIPS TRIAL SMS
TRIAL TO
09755261070
then we see some fall in hmt take
stoploss of 72
Ece ind— buy at current levels
at 306 it has strong support is at
294 keeping a stoploss of 295
on weekly basis take a target of
322 above 322 it will zoom
upto 330.
Ifci—This stock are looking
good for coming week there is
upside potentional till around at
49 and down side strong support 45 keep a tight stoploss of
46 on weekly basis take a target
of 56.
levels with upper target 106 it
has important support at 85 below this level expected some
bearish trend take a stoploss of
86
F&O STOCK WEEKLY
Renuka fut —Buy at 133 with a
target of 139 with a tight
stoploss 128 BELOW 126 expected some bearish
Rnrl fut—Buy at 101 with a
stoploss of 96 with a target of
112 above this next target is
115 in coming days
Sesa goa fut –Buy at lower levels considering 3484 with a upper target of 3540 with a
stoploss of 3440
SHORT TERM STOCK
Ras pro pack (500361)—Buy at
3.12 stoploss 2.50 with a upper
target of 5 in short term
UB ENGINEER—Buy 84 target
98 in short term with a stoploss
76
Dcm shri ram– Buy at current
On YOY basis NP has increased
by 15% & based on quarter latest its increased by 26 %
Dividend during year ended 07
- 08 was 50 %
One can expect a return of 30 35 % in medium term.
ASTROMONEYGURU
Conti. from .....5
PFC,NTPC,JPHYDERO,
VIDEOCONIND,SAIL,
RELCAPITAL, RNRL, LT,
BHEL. ROLTA. These stock
may be consider under dip for
mid term investment. Remem-
ber traders are advised to book
timely profit also with regenable
profit. It is market of stocks you
will always get opportunity to
enter at lower levels. This week
positive inflations number, appreciations of Indian rupee, buying interest in mutual funds
HNIs, FIIs , and positive announcement by govt for improve the economy help Indian
stock market to move up. It is
also added that this not you who
earn or loose it is your stars who
make you to earn or loose otherwise on same terminal, same advise some body is earning and
other are loosing What is this ?,
But remember you should take
advise from qualified financial
astrologer only . General astrology will not work on financial
matter like Aurved is very good
but not advisable for surgery or
brain surgery it‘s required super
specialist. Therefore This is the
time for work base on individual
horoscope for good profit.
Profit or Loss for You
This week may bring fortune for
Singh and Kanya rashi. Now
stars may start favoring them in
trading as well as at demotic
fronts.
03-8-2008 to 09-8-2008
4
IF CROSSES 14778 THEN 14943, 15131,
15259.. IF BREAKS 14355 THEN 14274, 14104..
IF CROSSES 4491 THEN 4565, 4636.. IF
BREAKS 4332 THEN 4252, 4198….
Last week
clearly and very boldly told to you
all that if index breaks 14104 then
it may touch 13809,13635 and if
nifty future breaks 4275 then it may
touch 4164…………. Look what
happened ???? Index had touched
a low of 13727 and nifty future had
touched 4162’s low……… On
Upper side we had boldly recom-
mends u that if index
crosses 14485 then it may touch
14682 and nifty future if crosses
4392 then it may touch
4444…..look what happened to
that also….Index had touched a
high of 14682 and nifty future had
touched a high of 4441.95…….
Our all given levels had performed
very very well.
From our stock future recommendations IOC had moved to 422
from 402, HUL had moved to 240
Continue on ...8
Weekly Trading’s Hot Scripts for Week (04.08.08 To 08.08.08)
Sr.No.
1
2
3
4
5
BSE Index Prediction for Week (04.08.08 To 08.08.08)
Index
BSE
Closing Price
14656.69
Support
14274
Stoploss
14104
Target 1
14943
Target 2
15131
Target
15259
Nifty Future’s Prediction for Week (04.08.08 To 08.08.08)
Index
Nifty
Closing Price
4435.00
Support
4252
Stoploss
4198
Target 1 Target 2 Target 3
4491
4565
4636
Nifty Future’s Hot Scripts for Week (04.08.08 To 08.08.08)
Sr.
No.
1
2
3
4
5
Company
Name
Neyveli Lignite
Sesa Goa
IFCI
DLF
Unitech
Closing
Price
119.65
3514.40
50.35
515.65
169.85
Stoploss
Target 1
Target 2 Target 3
116
3498
48
507
164
114
3483
46
501
160
129
3598
54
530
177
138
3667
58
543
185
from 234, Nalco had moved to 454
from 445, Air deccan had moved
to 84 from 80, Sesagoa had moved
Company Name Closing Price
Praj Ind.
189.20
IOC
421.65
Hind.Oil
127.75
RNRL
102.90
R Power
171.40
Stoploss
184
413
123.00
99
164
Target 1
179
404
119
96
160
Target 2
199
437
138
109
177
Target 3
209
449
148
117
185
For Delivery Based Investment Hot Midcaps/
Smallcaps for Week (04.08.08 To 08.08.08)
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Company
Name
MRPL
Assam Co.
Aftek
Surya Pharma
Air Deccan
Aptech
Zensar
Salzer Electronics
Invicta
Jupiter Bio
Rajesh Export
ASCL
Webel SL
Timex
Hotel Leela
Bse
Code
500109
500024
530707
532516
532747
532475
504067
517059
523844
524826
531500
532853
517498
500414
500193
Closing
Price
69.55
25.35
41.90
109.60
81.50
192.20
139.10
70.20
16.40
117.25
50.75
41.90
234.00
19.00
31.45
Target 1 Target 2 Target 3
65.00
22.00
36.00
101.00
75.00
182.00
130.00
65.00
14.00
110.00
46.00
36.00
217.00
17.00
28.00
75
28
45
118
86
204
149
79
20
128
57
47
248
23
35
83
31
49
125
92
219
158
93
22
137
68
58
267
25
43
USE DIPS AS BUY OPPORTUNITIES, TILL INDEX STAYS ABOVE 14104…..
1) ) LANCO. ( 324.20 ) :- In this
scrip near term support at 317 and
buy with the stop loss of 311 on the
upper side first target is 328 then
Rs. 334 - 339 to 344.
2) ADANI ( 648.75 ) :- In this
scrip near term support at 642 and
buy with the stop loss of 635 on the
upper side first target is 653 then Rs.
660 - 665 to 671 .
this scrip near term support at 1466
and buy with the stop loss of 1458 on
the upper side first target is 1477 then
Rs. 1483 - 1488 to 1493.
6) ABB ( 801.65 ) :In this scrip near term
support at 795 and buy
5) FINTECH ( 1472.65 )
:- In
8) BAJAJ HODING ( 343.75 ) :- In
this scrip near term support at 339 and
buy with the stop loss of 335 on the
upper side first target is 347 then Rs.
352 - 357 to 361.
9) ADLAB ( 522.95 ) :- In this scrip
near term support at 517 and buy with
the stop loss of 509 on the upper side
first target is 527 then Rs. 532 538 to 543.
3) MARUTI ( 560.50 ) :- In this
scrip near term support at 553 and
buy with the stop loss of 547 on the
upper side first target is 564 then Rs.
568 - 573 to 578.
4) ) JET AIR ( 498.20 ) :- In this
scrip near term support at 392 and
buy with the stop loss of 487 on the
upper side first target is 503 then
Rs. 507 - 513 to 519.
and buy with the stop loss of 556 on
the upper side first target is 571 then
Rs. 572 - 582 to 588.
with the stop loss of 788 on the upper
side first target is 805 then Rs. 812
- 816 to 822.
7) ULTRATECH .( 566.55 ) :- In
this scrip near term support at 561
10) SIEMENS . ( 575.60 ) :- In this
scrip near term support at 567 and buy
with the stop loss of 561 on the upper side first target is 580 then Rs.
585 - 592 to 598 .
11) TITAN . ( 1174.35 ) :- In this
scrip near term support at 1167 and
buy with the stop loss of 1158 on the
upper side first target is 1180 then
Rs. 1163 - 1170 to 1176.
12) SUNPHARMA ( 1449.30 ) :In this scrip near term support at 1442
and buy with the stop loss of 1433
on the upper side first target is 1456
hen Rs. 1463 - 1470 to 1476.
13) BOMBAY DYING ( 632.90 ) :In this scrip near term support at 626
and buy with the stop loss of 621 on
the upper side first target is 637 then
Rs. 642 - 648 to 655.
14) UTV ( 765.45 ) :- In this scrip
near term support at 760 and buy
with the stop loss of 754 on the upper side first target is 770 then Rs.
775 - 781 to 787.
15) .COLGATE ( 400.40 ) :- In
this scrip near term support at 395
and buy with the stop loss of 387 on
the upper side first target is 405 then
Rs. 409 - 414 to 423.
Continue on ....2
03-8-2008 to 09-8-2008
5
The Difference
between Growth
and Value Stocks
KARUNA JAIN
Mo. 09887056704
what is the difference between a
growth stock and a value stock?
You’ve heard the terms in regards to value and growth investing, but you may not be sure
what they exactly mean.
There are no hard, set definitions
of growth and value stocks. But
you will find that there are some
criteria that generally defines
these different stocks. The
trouble often comes with the labeling of individual stocks that
are near the edge of either definition.
Growth and value aren’t just investing methods, but they are a
way for investors to narrow the
stocks they will invest in. History has shown us that they tend
to take turns. There are periods
when growth stocks do well, and
other periods in which value
stocks excel. The best investment strategy for the average
investor is to hold both in a diversified portfolio.
Growth investing involves focusing on a stock that is growing with potential. Value investing seeks stocks that the market
has under priced that have a potential for an increase.
Growth stocks usually feature
strong growth rates. You want
to see small companies with a
10% or higher growth rate for
the past five years, while larger
companies need to post a 5% to
7% growth rate. You also want
to see a strong return on equity.
Consider the earnings per share
and the pre-tax margins. Look
at the projected stock price for a
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.
clue of your potential returns.
You need to select sector wise
stocks picks aggressive as well
as defensive stocks with risk and
reward ratio. You need to select
few stocks base on value and
growth like certain stocks may
counted in mid cap but base on
growth and sound management
stock has all the capacity to
come under lager cap within 25 years .All such type of stocks
may also required to keep close
watch. One thing investors
should notice under volatility
such type of stocks never go
beyond a limit , and show
bounce back as and when market bounce back . Investors
should go through their financial record five year record also
if rapid growth with regenable
cash flow is available with
records it sounds strong financial and fundamental of company and management.
When considering a growth
stock, you need to use your judgment and common sense. The
stock might not meet all of the
criteria, but still show signs of
being a solid growth stock. For
example, it may not have a fiveyear look to see yet, but still be
a significant player in a growing new industry.
Value stocks are often confused
for cheap stocks, which they are
not. However, you may find
value stocks listed on the lists
of the companies that have hit a
52-week low. Investors look at
value stocks as the bargains of
investing. The idea is to choose
a stock that is under priced and
wait for the market price correction. Consider the price earnings
ratio, which should be in the
bottom 10% of all companies.
Look for a price to earning
growth ration of less than 1. A
good value stock has at least as
much equity as debt, twice as
much liability as assets and a
share price at tangible book
value or less.
While there are investors that
tend to focus on one type of
stock over another, a diversified
portfolio of both growth and
value stocks will provide you
with good returns. If you are a
beginning investor, this is an
ideal combination. If you find
that you have only of them in
your holdings, you should consider the benefits of diversification.
Golden chance in stock market
Stock Market- As per Lt Col
Ajay
CEO
of
astromoneyguru.com -As per
Astro-technical calculations this
week is represents by figure 32
and as per finical numerology
figure 32 is ruled by mercury
The planet of communications ,
business and uncertainty , and
there will be combinations of
Mars with Saturn
in Leo and sun
with ketu, Venus
and Mercury in
Karak Rashi.
Guru of all planets is in Dhanu
Rashi with retrogression. All
these combinations and conjunctions may lead to volatile
but positive result in Indian
stock market. Our advance predictions made through same
media previous week Test your
tum Stock
Momentum stocks are stocks
with high returns over the past
three to 12 months. Momentum
investors seek out stocks with
the potential to double or triple
within just a few months. Momentum investors generally
hold a stock for a few months
and monitor their holdings
daily. They tend to sell their
stocks with a few months after
acquiring it
Nifty Level
Nifty support levels: (1) 4366
Nifty Resistance levels (1) 4566
skill in stock market in Indian
stock market proved 100% correct there was lot of uncertainty
and greatest volatility was seen
in stock market, Finally Sensex
has closed with positive note up
by200 points up while Sensex
has been recovered almost 530
points from lower bottom .Our
nifty levels also gone dot 100%
correct Therefore it was real test
of trading skill of traders in stock
market As we have given title of
our previous article All our recommended stocks were among
weekly gainers list in spite of
greatest volatility. As I Said in
my previous article that no one
side movement for bulls and
bears previous week. my this
advance predictions has been
proved 100% correct Indian
stock market seen “v” SHAPE
movement in stock market .
Those who know hedging technique must have made good
profit in short positions as well
as long positions in future trading. I always say that be an investor rather then day trader under volatile movement, small
but firm trades will always pays
you, Only thing required patience .
Time to re-think about your
stock, Buy selected stocks which
was earlier out of your reach or
budget. Now pick front line “A”
grade stocks only. Look at financial data of companies not
the sensex.
How to Spot the Best Momen-
(2) 4300 (3) 4270
(2) 4610 (3) 4711
There are many stocks in the
market that accelerate in price
that go on to make 100% to
300% returns in less than year
or even in a few months.
However, for the investors who
are just starting, momentum investing can be a confusing and
frustrating experience to find
these stocks.
Here are some keys to spot momentum stocks.
One of the things to spot momentum stocks is the relative
strength of the stock compared
to the overall market over a specific timeframe. Most momentum investors seek at a stock
which has outperformed at least
90% of all stocks over the past
12 months. When major indices
declines, a great momentum
stock exhibit strength by holding or even exceeding their
highs. When the major indices
rally, momentum stocks typically lead the rally and make
new highs outpacing the market.
Potential momentum stocks
should show in their balance
sheet that they are growing at
an accelerated rate.
Another factor is the Earnings
per Share growth. At least a 15%
year-over-year earnings per
share growth is needed to
qualify a momentum stock.
Stocks with accelerating rates of
EPS growth over previous quarters are also considered.
In addition, a positive forecast
by at least some analysts regarding the Company’s earnings in necessary for identifying momentum stocks. Further,
momentum investors also
looks at whether the reported
earnings exceeded the analysts
forecasts compared to the last
quarter.
A company can’t grow its earnings faster than its Return on
Equity, which is the
Company’s net income divided by the number of shares
held by investors, without raising cash by borrowing or selling more shares. Many companies raise cash by issuing stock
or borrowing, but both alternatives reduce earnings-per-share
growth. For momentum investors, a potential stock should
show an ROE of 17% or better.
The share price and trading
volume of the stock are also
factors to spot a momentum
stock.
The only reason for stocks that
trade at very low prices is that
they are already out of favor
with the market. Avoid stocks
trading below Rs100..
Momentum investors seek
stocks that have high trading
volumes, the number of shares
traded daily on the average.
Very low trading volumes indicate the markets lack of interest. Generally, momentum
investors seek those with a
minimum volume of 100,000
shares or at least see their average daily volume increases as
the value of the stock rises.
Start keeping a list of potential
momentum stocks and track
their performance in the market. In time, you will be able to
spot the stocks that go on to
make 100% to 300% returns in
less than year or even in a few
months.
Now this week may show volatile but positive movement at
the beginning of the week in
Indian stock but positive upward movement is expected
during week. What all stocks
have been recommended by us
during last four weeks almost
all stocks have been seen 15%
to 60% gain during last 30
days. Now for those who miss
that opportunity still consider
to invest for mid term IFCI,
Continue on ...3
03-8-2008 to 09-8-2008
6
UTV SOFTWARE
· Company recently made a
foray into New Media business
which includes web and mobile content creation and distribution.
· The Company has received
all regulatory approvals for investments in the Broadcasting
business.
· Increase investments in working capital of Ignition for its
three high end console games
being developed at facilities in
London, Florida and Tokyo.
· 75% and 15% investment
from UTV and Disney respectively in the Broadcasting
business.
· It is only Indian company to
developed capabilities to produce and distribute games
across all three platforms Console, Mobile and Online.
· The Company has also entered into an MOU to acquire a
controlling stake in a mobile
games aggregator in the US.
· It has net debt of 106 crore.
· Television business is slowly
gaining momentum.
· This quarter has witnessed a
triple digit revenue growth in
movie Business.
· Company is looking to invest in a start up venture in the
US, which is a prominent
player in the fast growing
online gaming space.
· Bindas Movie is doing well
in hollywood.
· Company will be releasing
12 movies this year.
Media and entertainment company UTV Software Communications will invest funds to
the tune of 75 million dollar in
its gaming business and plans
to acquire a 51 per cent stake
in a mobile content firm in the
United States.
UTV plans to enter into a
Memorandum of Understanding and conduct due diligence
to acquire a 51 per cent stake
in a mobile content firm in the
United States of America
through one of the company's
subsidiary, Indiagames Ltd.
Fund for this acquisition would
come through subscribing fresh
shares of Indiagames Ltd.
UTV Software also Invest in a
start up venture in the United
States of America, which caters
to the fastest growing online
gaming segment; to set up
online creation of content and
publishing platform.
The company would also in-
BSE Code : 532619
Current Price : Rs. 765.00
52 Week high : 1132.00
52 Week low : 430.00
crease its stake in a subsidiary
Ignition Entertainment from 70
per cent to around 95 per cent
and to invest into the working
capital of Ignition for its three
high-end console games being
developed at its facilities in
London, Florida and Tokyo.
UTV Software Communications
Ltd is in the process of acquiring two US-based companies in
the mobile content aggregation
and online gaming space for $30
million (around Rs 1.27 billion).
The company, in fact, has earmarked a total investment of $75
million into the gaming business. Apart from $30 million for
acquisition, UTV will put in $8
million to increase its stake in
UK-based Ignition Entertainment from 70 per cent to around
95 per cent. For developing
three high-end console games,
UTV will pump in $37 million.
The acquisition price for the two
US-based companies will be $30
million. It will take us 3-4
months to complete the deal.
UTV will enter into an MoU and
conduct due diligence to acquire
a 51 per cent stake in one of the
top tier mobile content
aggregator in the US through one
of the company's subsidiary,
Indiagames Ltd. UTV shall fund
this acquisition by subscribing
fresh shares of Indiagames. UTV
currently holds 56 per cent in
Indiagames, which could go up
to 70 per cent.
UTV is invest into a start-up
venture in the US, which caters
to the growing online gaming
segment. It will set up online
creation of content and a publishing platform.
UTV will invest into the working capital of Ignition for its
three high-end console games
being developed at its facilities
in London, Florida and Tokyo.
The games will release by FY'09
and FY'10.
The company has recently
formed a wholly owned subsidiary, UTV New Media Limited,
to foray into the new media segment which includes content
creation and distribution pipelines for the web and mobile.
UTV is awaiting regulatory
clearance to invest $10 million
for a 20 per cent stake in the
business news channel UTVi,
says Screwvala. The UTV
founder-promoter will hold the
balance 80 per cent.
UTV will become INFOSYS of
media very soon.Buy & hold
see the magic.. of media
MOSER BAER
The company has reported an
impetus in the Blu-ray format in
the optical media business,
withadvanced formats, including Blu-ray, accounting for
nearly six per cent of revenues.
Shipments grew by 9.3 per cent
over the preceding quarter a
likely precursor to an early revival of pricing. Moser Baer India reported a net loss of Rs
1039.8 million for FY 2008-09,
as against a net loss of Rs 717.2
million in the last quarter of
2007-08. The net loss includes
a loss of Rs 282.7 million on
account of the adverse movement of foreign exchange. Our
photovoltaic and entertainment
businesses are poised to deliver
significant growth during the
current year and our goal is to
emerge as a leading global
player in both industries. Our
cash flow situation continues to
be positive with efficient management of working capital
aimed at optimizing productivity and efficiency. Capex intensity has fallen significantly
while productivity has gone up.
On the entertainment front,
Moser Baer Entertainment
joined hands for three Tamil
films with Sony BMG. The two
BSE Code : 57140
Current Price : Rs. 91.00
52 Week high : 345.00
52 Week low : 88.00
companies bought three Tamil
under-production films namely
Raman Thediya Seethai,
Puthiya Vaarpugal and Poo,
which are scheduled for release
from August onwards. Moser
Baer also acquired the entire
home video catalogue of
SonyBMG, which comprises
titles such as Jannat, Rang De
Basanti, Guru, Kabhie Khushi
Kabhie Gham, amongst others.
The entertainment business
aims to grow and consolidate
the home video landscape in the
country by acquiring home
video rights to film content.
The division has released about
60 per cent of the 10,000 home
video titles it has acquired
across multiple languages.
Currently, the entertainment
business has two Hindi and five
Tamil films under production.
All seven are to be released over
the next two quarters.
The first quarter saw the entertainment business consolidating
its pan-India distribution presence and increased focus on content aggregation. Plans are also
afoot to hive off the entertainment division into a seperate
company.
The company's photovoltaic
subsidiary received TUV certification for crystalline silicon
modules, which benefits the
company's market position
and should result in enhanced
revenues. The company signed
a long-term contract with the
Hamburg based Colexon Energy AG, a system integrator
for turnkey
solar power plants for the delivery of solar modules of a total of over 130MW until the
year 2012.
The photovoltaic subsidiary
also successfully commenced
production of panels using thin
film technology. It is the largest module of its kind in the
world manufacturing state-ofthe-art Generation 8.5 panels.
Such a big Company pioneer
in Haedware content as well as
Photovoltaic panels available
dirt cheap.Buy & forget it.
Market talk
The housing crisis is the epicenter of the slowdown in the
US economy and the strains
have emerged on the financial
system globally. I don’t think
the housing crisis is done &
see more downside to the US
housing crisis, and that is going to filter through to consumers. It will also filter
through into collateral values
and more write downs in financial firms. We are looking for
the US economy to contract in
2009, and see negative 0.5%
growth there. I am still looking for double-digit growth
from China in 2008 and 2009.
That means strong demand for
commodities, and oil, and an
upward pressure on commodity prices, which we think are
going to remain high. This
once again translates into inflationary pressures.RBI may
hike CRR another 50 Basis
point. inflation is likely to
come down starting March
2009. The rupee troubles are
overdone. On that basis if oil
prices are going down, it is
very positive for India.
With us non-farm payroll employment beating analyst expectations in terms of the number of job reductions, the stage
is set for continued dollar
bullishness and further downside for gold in the coming
week. Latest US employment
data has set a bearish tone for
gold, opening the doors for going short the metal on the local
commodity exchanges.
There is now a growing discomfort about the role of speculative finance in the US, the capital of global finance. twenty
years ago, 21% of oil contracts
were purchased by speculators
who trade oil on paper with no
intention of ever taking delivery. Today, oil speculators purchase 66% of all oil futures contracts, and that reflects just the
transactions that are known.
Speculators have indeed
sharply increased their allocation to commodity markets from
$13 billion in 2003 to $260 billion in 2008 and at present they
are not adequately constrained
by rules about margin requirements and other regulations
about buying and selling which
apply to equity trades.
California’s public employees’
pension fund, the world’s largest, earned a 68% rate of return
on its investments in commodity futures and other investors
are rushing in commodity markets. drought in Australia and
switch of corn to biofuels can
explain part of the increase in
food prices but none of them can
explain increases of more than
100% in many commodity
prices in a single year as it has
happened in 2007 and 2008.
With the Q1 June 2008 earnings season over, there is lack
of any major near term trigger
for the domestic bourses. The
market will now closely watch
movement in crude oil prices
and global stock markets. A
further slide in oil price may
boost investor confidence in
the short term. The highly
volatile July 2008 series of derivative contracts expired on
Thursday, 31 July 2008 with
poor rollovers. As per reports,
Nifty rollover of positions from
July 2008 series to August
2008 series stood at 65.05%
as compared to 70.07% in the
previous series. Even in single
stock futures, rollovers were
relatively muted at 79.19%
compared to 82.05% in the
previous
series.
Marketmen will be keenly
watching the International
Atomic Energy Agency
(IAEA) meet, scheduled on Friday, 1 August 2008 to consider
the India-specific safeguards
agreement, which will be a key
step for the operationalisation
of the Indo-United States
nuclear deal. If the deal moves
ahead, it could boosts power
and capital goods sector
stocks.
03-8-2008 to 09-8-2008
7
Last Week Was
Like a war between bulls and bears and finally BULLS WIN THE BETTEL
In a sudden reversal of fortunes, the market moved higher shrugging off rate hike
by the Reserve Bank of India on Tuesday, 29 July 2008. Strong bounce back
in global markets and further decline in
oil prices were the key factors that revitalized the investor sentiments during the
week.
As per our prediction in TER gujarati in
last week market bounce from wed-day
and A Rally in global equities and fall in
oil prices aided a rebound on the domestic bourses on 30 July 2008. BSE Sensex
jumped 495.67 points ( 3.59%) at
14,287.21. Nifty jumped 123.70 points (
2.95%) at 4,313.55.
BSE Sensex rose 381.75 points ( 2.67%)
to 14,656.69 in the week ended 1 August 2008. The CNX S&P Nifty rose 101.7
points (2.35%) to 4413.55.
On 31 July 2008, Indian indices extended
previous
session’s sharp gains
ending marginally
higher amidst volatility
as futures & options
contracts for July 2008
series expired on that
day. BSE Sensex rose
68.54 points (0.48%) at
14,355.75. Nifty was up
19.40 points (0.45%) to
4,332.95.
Mid-Cap index rose 70.15 points (1.26%)
to 5,642.74 and Small-Cap index rose
201.32 points (2.96%) to 6,980.10.
The wholesale price index rose 11.98%
in 12 months to 19 July 2008, above the
previous week’s annual rise of 11.89%.
Inflation for the week ended 24 May
2008 was revised upwards to 8.9% from
8.24%.
Foreign institutional investors
(FIIs)bought shares worth Rs.597.00
crore one first day of aug. And had good
start in late session.
Foreign institutional investors (FIIs) sold
shares worth Rs 1837.1 crore in the
month of July 2008. FIIs sold shares
worth Rs 26704.9 crore in the calendar
year 2008. Mutual funds have bought
shares worth Rs 1412.40 crore in the
month of July 2008, till 30 July 2008.
Speed for selling is slowing down.
Indian indices scored marginal gains on
28 July 2008. However, trade was cautious ahead of the Reserve Bank’s monetary policy review scheduled on 29 July
2008. BSE Sensex gained 74.17 points
(0.52%) higher at 14,349.11. Nifty rose
20.25 points (0.47%) at 4,332.10.
Indian indices slumped sharply on 29
July 2008 after the Reserve Bank of India (RBI) on that day raised cash reserve
ratio (CRR) by 25 basis points and repo
rate by 50 basis points at its quarterly
monetary policy review. BSE Sensex
plunged 557.57 points ( 3.89%) at
13,791.54. Nifty was down 142.25 points
(3.28%) at 4,189.85.
On Friday, 1 August
2008, the market,
which had opened weak on subdued global cues completely, changed the course,
ending near day’s high. The rally gathered steam in late trade after United Nations nuclear watchdog chief Mohamed
ElBaradei said a basic inspection plan
for India met all safeguards standards.
Members of IAEA’s board of governors
will be voting on the India-specific
nuclear safeguard agreement, a key step
in operationalisation of Indo-US nuclear
deal. BSE Sensex surged 300.94 points
(2.10%) at 14,656.69. Nifty rose 80.6
points (1.86%) at 4413.55.
India’s second largest listed telecom service provider by sales Reliance Communications tanked 13.18% to Rs 436.80
in the week after the reported the slowest
profit growth in nine quarters. RCom reported 23.9% growth in consolidated net
profit to Rs 1512 crore on 23.7% growth
in revenue to Rs 5322 crore in Q1 June
2008 over Q1 June 2007.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries rose 7.10% to Rs 2299.75
in the week.
India’s largest private sector bank by
market capitalization ICICI Bank fell
2.25% to Rs 642.10. The bank’s net profit
declined 6.1% to Rs 728.01 crore on a
1.6% growth in operating income to Rs
9429.98 crore in Q1 June 2008 over Q1
June 2007. Treasury losses and slower
growth in advances have taken a toll on
ICICI Bank’s profits for the first quarter
of the current financial year.
Tata Motors, the
country’s top
truck manufacturer in terms of
sales lost 6.57%
to Rs 398.60. The
company
reported 30.10%
fall in net profit to
Rs 326.11 crore
on 14.40% rise in
net sales to Rs
6928.44 crore in
Q1 June 2008
over Q1 June 2007.
India’s largest cigarette maker in terms
of sales ITC fell 0.56% to Rs 187.70. The
company reported 4% drop in net profit
at Rs 748.67 crore on 18% growth in net
turnover to Rs 3,900 crore in Q1 June
2008 over Q1 June 2007. The drop in net
profit was attributed to the increase in
excise duties on non-filter cigarettes in
the Union Budget 2008, steep rise in
commodity prices and store rentals.
India’s largest tractor maker by sales
Mahindra & Mahindra fell 3.06% to Rs
523.70. The company’s net profit fell
16.66% to Rs 159.3 crore on 25.99% rise
in total income to Rs 3331.8 crore in Q1
June 2008 over Q1 June 2007. The
company’s board approved acquisition
of all the business assets of Kinetic Motor Company (KMCL), a two-wheeler
company for Rs 110 crore.
Power generation major NTPC fell 5.76%
to Rs 176.70. On Tuesday, 29 July 2008,
NTPC reported 27.1% fall in net to Rs
1726.53 crore on 5.87% growth in total
income to Rs 10256.70 crore in Q1 June
2008 over Q1 June 2007.
India’s largest state run oil exploration
firm by sales ONGC rose 1.41% to Rs
996.85. ONGC reported 44% surge in net
profit to Rs 6636 crore on 47% growth in
turnover to Rs 20,123 crore in Q1 June
2008 over Q1 June 2007. The company
attributed the strong performance to
higher price realization on crude oil and
cost management.
India’s largest drug maker by sales
Ranbaxy Laboratories jumped 5.92% to
Rs 509.75. The company reported 0.25%
rise in consolidated net profit to Rs 160.80
crore on 13% rise in consolidated sales
to Rs 1829.60 crore in Q2 June 2008 over
Q2 June 2008.
In a move to curtail surging inflation and
inflationary pressures, the Reserve Bank
of India (RBI) on 29 July 2008 tightened
the liquidity in the system by raising the
Cash Reserve Ratio (CRR) of banks by
25 basis points to 9% and the short-term
indicative rate viz. the repo rate by 50
basis points to 9%.
The increase in CRR - the portion of deposits banks must keep aside - with effect from 30 August 2008 is expected to
suck out another Rs 9,000 crore from the
banking system. Repo rate is the rate at
which the RBI lends money to banks. The
RBI also revised the GDP growth projection for 2008-09 to around 8%, from earlier 8% to 8.5%.
Exports rose 23.5% in June 2008 from a
year earlier to $14.66 billion. That helped
narrow the trade deficit from May 2008
to $9.79 billion. Imports were up by
25.9% to $24.45 billion in June 2008
from a year earlier. Oil imports rose 53.4%
to $9.03 billion.
Telecom minister A Raja on 1 August
2008 said the government would hold a
global auction for high-speed third-generation (3G) mobile services and have
five operators initially. India has 60 MHz
of 3G spectrums available, and will allow both GSM and CDMA 3G services,
he said
may ignore so many factors and take cue from govt.
In Coming Week Market
reform programs, and oil price movements
With the Q1 June 2008 earnings season in the previous series.
over, there is lack of any major near term
trigger for the domestic bourses. The
market will now closely watch movement in crude oil prices and global stock
markets. A further slide in oil price may
boost investor confidence in the short
term. On Thursday, 31 July 2008, the
front-month US crude oil contract settled
at $124.08, down $2.69 for the day and
off sharply from a record above $147 a
barrel on 11 July 2008.
The highly volatile July 2008 series of
derivative contracts expired on Thursday,
31 July 2008 with poor rollovers. As per
reports, Nifty rollover of positions from
July 2008 series to August 2008 series
stood at 65.05% as compared to 70.07%
in the previous series. Even in single
stock futures, rollovers were relatively
muted at 79.19% compared to 82.05%
Market men are keenly watching the International Atomic Energy Agency
(IAEA) meet, scheduled on Friday, 1
August 2008 to consider the India-specific safeguards agreement, which will be
a key step for the operationalisation of
the Indo-United States nuclear deal. And
the deal moves ahead, it could boosts
power and capital goods sector stocks.
Stubbornly high inflation still remains a
concern. The wholesale price index rose
11.98% in the 12 months to 19 July
2008, above the previous week’s reading of 11.89%. The Reserve Bank of India (RBI) hiked repo rate by 50 basis
points (bsp) and cash reserve ratio (CRR)
by 25 bps at its quarterly policy review
on Tuesday, 29 July 2008. Repo rate has
now reached 9%, a level last seen in Oc-
tober 2000. CRR is also at 9%, for the
first time since November 1999. We believe that inflation will be in control in
coming days and market will stabilized
In the near term, the market trend is likely
to dictated by the progress of the monsoon. India’s annual monsoon rains from
17 to 23 July were 33% below the longterm average, the Indian Meteorological
Department. Rainfall since 1 June 2008
has been 2% below the same average.
Stocks of the public sector units will continue to remain in focus, as there are expectations that the government may push
forward some economic reforms, which
were stalled over the past four years due
to opposition from Left parties. Left parities had stalled privatization of state-run
firms, pension reforms, higher foreign
limits in insurance and more liberal
norms for foreign bank.
Some analysts, however, feel that a major big-bang push to reforms is unlikely,
as the government will focus primarily
on bringing down inflation ahead of key
state polls and parliamentary elections,
which are due in May 2009. We believe
if there is no political crisis. Then market
will try to approach previous high before election
Foreign institutional investors (FIIs) sold
shares worth Rs 1836.80 crore in the
month of July 2008. FIIs sold shares
worth Rs 26705.10 crore in the calendar
year 2008. Mutual funds have bought
shares worth Rs 1412.40 crore in the
month of July 2008, till 30 July 2008.
Mutual funds have bought shares worth
Rs 10640 crore till 31 July 2008. And
Continue on ...8
03-8-2008 to 09-8-2008
8
MARVELOUS RESERCH
Conti. from ...8
having huge fund of Rs.328101.20 crore
in debt schisms and there is big difference any time this deshi solders will buying
aggressively
in
equity
PRIDICTION FOR COMING WEEK
SENSEX :-14656.69
SENSEX HAS FORMED BOTTOM IN
JULY IS FINAL BOTTOM FOR 2008
AND MAY TEST FURTHER NEAR IT
IN August.
RANGE FOR MONTH 12500-15955
RANGE FOR WEEK 14065-15543.32
NIFTY:- 4413.55
BSE WEEKLY CLOSE AS ON
01082008
RANGE FOR MONTH 3749-4635
RANGE FOR WEEK 4270-4635
JACKPORT OF WEEK: PETRONET LNG FUTUR 61.85
SUPPORT 60.6-61.5 SL 58 TGT 70
POLARISH SOFT FUTUR 100.50
SUPPORT 87-90 OR ABOVE 104-TGT
115-125
TATA STEEL FUTUR 686.10
BUY AT 656. - 670 SL650 TGT 745
FOR MORE INFO READ TER
GUJARATI OUR THINKING POWER IN
GUJARATI SO YOU MUST READ
GUJARATI. FOR BEST OF OUR
EXPIRIANCE AND GET RICH
PLEASE DO NOT CONTECT FOR FREE
TIPS OUR SERVICE IS PAID
NSE MONTHLY CLOSE ON
31072008
Market View
For the third week in the row, Indian market ended in green, we have seen one side
movement on last Friday. ‘R’ Group, Steel, Banking, Reality, IT, FMCG, Power,
Oil, Sugar, PSU, Fertilizers, Capital Goods, almost all leading sectors were in
huge buying. Reliance Industries played an outstanding role in Fridays hit market film. FIIs interest seems to be positive. As market hasn’t reacted negative on
the CRR, Repo rate hike. Also interest hike
on housing loan couldn’t
make any difference to Housing &
Banking stocks, even
no negative effect on market & bull
traders.
Technically market has crossed
over 14600 & 4400
by closing level successfully, is a
good sign, there are
minor resistance of 14722 & 4444
for the market, after
that no big resistance till 15300 &
4650, market has
formed good support around 14000
& 4146. Market
breadth is positive & may observe positive trend for a week or
two. Many small caps have seen good break out & may rise in near future. Small
NIRAV DESAI - Mo. 09820627454
E-mail : [email protected]
investor can invest in Ispat, Nagarjune Fert, Arvind, TTML, IFCI, WWIL, Dish
TV, MRPL, Bongaigaon for good returns ahead.
We suggest some of the strong scrips to buy on decline for a week.
BSE MONTHLY CLOSE AS
ON 31072008
NSE WEEKLY AS ON
01082008
Sr. No
1.
2.
3.
4.
5.
6.
7.
8.
Scrip Name
ABB
Bajaj Hind
IDFC
Satyam
Unitech
Tata Steel
Rel Cap
Rel Infra
CMP
801
165
97
391
170
680
1338
1010
SL
767
158
92
380
160
650
1278
967
Trg
837 / 852
180 / 188
103 / 108
420
180 / 185
720 / 735
1432
1070
Delivery Base Buying
PRIMERY MARKET
Conti. from ...11
pected to increase up to 75% of 525,000
MTPA by FY'09. Company through its
subsidiary Astra Mining Limitada,
Mozambique, acquired six prospective
licenses admeasuring 100,000 hectares
in Mozambique. This acquisition will
provide raw material security to Austral.
FINANCIAL AND RECOMMENDATION
If we refer the balansheets of the company, company has improved its revenue
as well as profit also and in only three
years its multiply it’s profit and revenue
by six. But if we see the fundamental of
the company, It has been graded by Care
ltd. and has been assigned the “IPO Grade
2” out of 5 which
indicates belowaverage
funda
mental, In the current Market situation, it is not advisable to apply any
new issue. because
in short term, such
kind of below average fundamental
will not give any
gain at the time of
listing or if give, it
was nominal. We
think, it is better to
purchase shares at
low costs from the
market in decline.
Sr.No.
Scrips
CMP
SL
Trg
1.
2.
3.
4.
5.
6.
7.
GMDC
HMT
PFC
ICSA
HCL Tech
Ispat
Nagarjune Ferti
273
78
135
338
207
27
40.85
260
72
130
320
198
24
37.5
300
85
143 / 147
360 / 375
218
31 / 33
45 /47
MARVELLOUS SMS CLUB MEMBERSHIP
INTRADAY, BTST & POSITONAL SAM CALLS
SCHEME 1: F&O and CASH
SCHEME 2: CASH ONLY
Period
Fees
you
your Period
Fees
you
your
Rs. Sav.Rs. saving %
Rs. Sav.Rs. saving %
1 MONTH
6 MONTH
12 MONTH
30000
120000
180000
NIL
60000
180000
0 1 MONTH 10000
33.33 6 MONTH 40000
50 12 MONTH 60000
NIL
20000
60000
33.33
50
CONTACT : LALIT SHAH- 098250 56396
Address:
Marvellous Global Inc. 405,. Shivam Complex, low Garden, Ahmedabad
03-8-2008 to 09-8-2008
9
GOOD
LONGTERM
BET
HCL TECHNOLOGIES
HCL Technologies is one of India's
leading global IT Services companies,
providing software-led IT solutions, remote infrastructure management services and BPO. Having made a foray
into the global IT landscape in 1999
after its IPO, HCL Technologies focuses
on Transformational Outsourcing, working with clients in areas that impact and
re-define the core of their business.
The company leverages an extensive
global offshore infrastructure and its
global network of offices in 17 countries to deliver solutions across select
verticals including Financial Services,
Retail & Consumer, Life Sciences &
Healthcare, Hi-Tech & Manufacturing,
Aerospace and Automotive, Telecom
and Media & Entertainment (M&E).
For the year ended 30th June 2007,
HCL Technologies, along with its subsidiaries had revenues of US$ 1.4 billion (Rs. 6034 crores) and employed
42,000 professionals.
While HCL Enterprise has a 30-year
history, HCL Technologies is a relatively young company formed, eight
years ago, in 1998. During this period,
HCL has built unique strengths in IT
applications (custom applications for
industry solutions and package implementation), IT infrastructure management and business process outsourcing,
while maintaining and extending its
leadership in product engineering. HCL
has also built domain depth through a
micro-verticalization strategy in industries such as financial services, hi-tech
and manufacturing, retail, media and
entertainment, life sciences, and
telecom.
HCL Technologies has the widest ser-
CROMPTON GREAVES
Crompton Greaves, part of the Thapar
Group, was incorporated in 1937. It is
one of the largest players in India in the
electrical equipment and engineering
industry. The company is mainly engaged in the manufacture, distribution
and sale of electrical and electronic
equipment systems. The company
makes a wide range of transformers,
switchgear, motors, lighting products,
BSE Code : 532281
Current Price : Rs. 198.05
Equity : 1332.27 Crore
vice portfolio among the Indian IT service vendors with each of the services
having attained critical mass. The Company has 5 highly matured Lines of Business
· Engineering & R & D services
· Industry Solutions
· Enterprises Application Services
· IT Infrastructure Management & Transformation Services
· BPO Services
In Engineering and R & D Services, the
company provides services such as full
product development services - ASIC,
FPGA and Board design, Embedded Software, Full Lifecycle Software product
engineering, Technical Support, Verification & Validation, Firmware development, Porting and Migration, Testing,
Sustenance Engineering, CAD/ CAM/
CAE, PDM/PLM, Integrated Product Engineering and Compliance engineering.
Today, HCL is entering a new phase of
evolution - transforming it from a volume-driven service provider to valuecentric enterprise that turns technology
into competitive advantage for all its
customers across the globe.
from the local markets CG exports its
products to countries, which includes the
Southeast Asian and Latin American
markets.
INDUSTRY OUTLOOK
The electrical equipment sector is in the
growth phase with production of motors,
generators and power transformer recorded a healthy rise. The industry looks
attractive due to large expansion and
capex plans in power sector along with
the strong growth in infrastructure sector. The industry is also witnessing huge
surge in the export sale of motors and
generators. The present economic scenario and upcoming budget are expected
to energize the sector with the companies in the sector are growing both organically and inorganically thereby
lightening the future growth of the sector. Therefore, with the enormous potential for growth in this sector, we are bullish on this sector in medium to long term
while betting on the company like
Crompton Greaves.
INVESTMENT RATIONALE
· The company has tied up with Dutch
firm Lemnis Lighting for launching LED
lighting products. The alliance with
Lemnis Lighting in the area of solid-state
lighting would usher in latest technology from the house of Lemnis supplemented by the strength of Crompton
Greaves in application engineering and
VST TILLERS TRACTORS LTD.
On YOY basis NP has increased by 83 %
& based on quarter latest its increased by
10%
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 puddling and transportation of goods. Its
engine components have great export potential.
Dividend during year ended 07 - 08 was
400 %
The promoters hold 55.6% in its equity
capital. Mitsubishi Heavy Industries
Sales and NP for year ended 07 - 08 were
3768.6Cr & 1028.9 Cr. Sales and NP for
latest Quarter 1275.6 Cr & 263.1 Cr.
One can expect a return of 25 - 35 % in
medium term
BSE Code : 500093
Current Price : Rs. 232.00
Equity : 73.31 Crore
fans, railwaysignaling equipment, and
undertakes turnkey engineering projects.
The company is organized into three
business groups viz. Power Systems, Industrial Systems, Consumer Products. In
addition the company also undertakes
turnkey projects from concept to commissioning. Its manufacturing plants are
spread across Gujarat, Maharashtra, Goa,
Madhya Pradesh and Karnataka. Apart
integrated solutions. The use of solidstate lighting has innumerable benefits
and also addresses the issue of energy
conservation. The company alliance
with the Dutch firm will provide new
state of technology which will help the
company in strengthening its product
line.
· The company through its 100% subsidiary CG International BV, Netherlands, has acquired 40% stake in PT
Pauwels Trafo Asia, Indonesia, its joint
venture partner. This step of the company will provide it with the complete
autonomy in working and management.
· The company turnaround strategy begins by gaining global presence by acquiring companies that had strong business expertise and were cash - starved.
The company is expected to follow the
same strategy in future by acquiring
companies that are strategically fit and
which have potential to synergize the
company operations.
Sales and NP for year ended 07 - 08 were
4000.2 Cr. & 312.3 Cr. Sales and NP for
latest Quarter 1159.5 Cr & 103.1 Cr.
On YOY basis NP has increased by 66%
& based on quarter latest its increased
by 47%
Dividend during year ended 07 - 08 was
80%
One can expect a return of 20 - 30 % in
medium term.
BSE Code : 531266
Current Price : Rs. 135.15
Equity : 5.76 Crore
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,
Continue on ...3
03-8-2008 to 09-8-2008
10
SEL Manufacturing Company Ltd.
Regd. Office:274,G.T. Road,Dhandari Khurd,Ludhiana(India) Email : [email protected]
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.6.2008
Standalone
Unaudited
Quartedr
Ended
30.06.2007
Audited
Year
Ended
31.03.2008
17686.89
17,686.82
5,724.10
5721.29
35731.37 1.
35,731.37 2.
885.80
317.65
3,533.12
4684.15
8,959.12
653.99
3,281.57
187.40
1,528.88
3,213.07
635.39
371.30
2,206.38
230.09
2.21
59.96
292.26
154.34
827.17
1,121.87
239.55
179.14
703.18
94.53
1.58
(779.250
21,003.89
6,065.51
959.14
4,169.91
7,845.29
1,409.76
909.97
5,525.56
449.13
11.08
579.93
1,040.14
Unaudited
Quarter
Ended
30.06.2008
31.03.2008
Sr.No. Particular
68,02,110
5,402,110
Sales
Net Sales(net of exice)/Income
from operations
Other Income
Total Expenditure
(a) (Increase)/Deacrease in stock in trade
(b) Consumption of Raw Materials
(c) Purchase of Traded Goods
(d) Staff Cost
(e) Other Expenditure
Profit before Depreciation,Interest & Tax
Interest
Depreciation
Profit before Tax (2+3-4-6-7)
Provision for Taxation
Fringe Benefit Tax
Other Tax
Total Tax
Minority Interest
Profit after Tax & Minority Interest
Cash Profits(Profit before depreciation &
aaafter interest&taxation)
Paid-up Equity Share Capital
(Ordinary shares of Rs. 10 Each)
Reserves excluding Revalution Reserves
Reserves as per Balance Sheet
Basic and diluated EPS(Rs.)
Basic and diluated EPS(Rs.)
(Cash Earning Per Share) (Rs.)
Aggregate of Public Shareholding
Number of Shares
40.94%
35.50%
Percentage of Shareholding
96.11
3.
4.
5.
6.
7.
8.
9.
1,914.12
2,285.42
607.07
786.21
4,485.42
5,395.39
10.
11.
12.
1,661.60
98.17
1,521.60
13.
2,471.94
2,0207.82 14.
10.91
6.18
21.20
13.75
8.01
33.21
15.
16.
17.
BSE Code No 532886
Consolidated
Unaudited Unaudited
Quarter Quarter
Ended
Ended
30.06.2008
Audited
Year
Ended
30.06.2007
17973.97 5961.84
17973.91 5,959.03
40,007.03
40,007.03
740.78
2,250.25
206.21
3,876.61 352.98
9,102.60 3289.59
288.58
1,695.66
3,751.24
689.89
383.24
2,678.11
361.56
3.01
183.28
947.90
1,391.49
279.91
180.43
931.15
94.53
1.64
(549.33)
21.670.47
6,666.49
1,359.92
5,201.24
7908.49
1,571.1
885.53
5,454.85
1,032.67
11.14
364.57
5.44
2,308.10
2,691.34
96.17
3.72
831.26
1,011.69
1,043.81
17.52
4,390.51
5,276.04
1,661.60 98.17
24,679.89 -
1,521.60
19,921.78
13.81
8.47
20.75
16.20
10.31
32.51
68,02,110
5,402.110
40.94%
35.50%
Notes
1. The above results are reviewed by the Audit Committee and takenonrecord at the meeting of the Board of directors on July 23,2008
2. The Statuory Auditors have carried out a limited review of the results for the quarter ended 30th June 2008.
3. The Status of Investor Complaints received during the quarter is as follows :- Pending as on April 1,2008-Nil,Received during the quarter
14,Disposed during the Quarter 14,Pending as on 30,2008-Nil,
4. Consolidation has been made by applying Accounting Standard - 21 “Consolidated Financial Statements: issued by the Institute of
Chargered Accountants of India.
5. The Consolidated Financial results include results of 99% owned subsidiary namely M/S SE Exports & M/S Kudu Industries.
6. The Company is functioning in only one segment i.e.”Textiles”,hence Segment Reporting required under AS-17 is not applicable.
7. During this quarter the company has alloted 76,500,000 Convertible W arrants out of which 14,00,000 W arrants were converted into
14,00,000 Equity Shares.
8. Increase in Share Capital in this quarter is due to fresh allotment of 14,00,000 Equity Shares on account of conversion of W arrants.
9. Previous period’s figures have been re-grouped and re-classified whereever necessary.
Dated : 23.07.2008
Place : Ludhiana
LION’S ROAR
Conti. from ..1
sis. Nobody guides you better than the
leader himself, and in this financial
jungle, follow the Lion to achieve success.
The Bulls valiantly fought off the challenge of the Bears and emerged victorious despite weak international markets,
surprising rate hike by the RBI and expiry of a very volatile July series. The
fact that both Sensex and Nifty have
closed above the 50 dma signifies short
to medium term uptrend. On closer introspection it is clear that the market is able
to digest whatever bad news that is
thrown at it and after reacting somewhat,
it resumes its upward journey. This is sign
of a classical turnaround of the change
in trend. But before you jump with joy,
let me warn you that this is still not a
Bull market, but we are in a pull back
rally in a long term Bear market.
NO BULLSHIT… BUT PURE TECHNICAL ANALYSIS:
1. HIGHER BOTTOM FORMATION
VISIBLE IN THE CHARTS OF SENSEX
AND NIFTY.
2. FOR THE FIRST TIME SINCE
MARCH, THE TREND HAS TURNED
UP IN THE SHORT TERM.
3. THE SHORT TERM TREND HAS
TURNED UP AND IS CONFIRMED AS
BOTH SENSEX AND NIFTY HAVE
MANAGED TO CLOSE ABOVE THE
For and on behalf of Board of Directors
For SEL Manufacturing Company Ltd.
Sd/Neeraj Saluja
Managing Director
7. CALL WRITING AT 4500 STRIKES
AND 4700 STRIKES INDICATED
THAT THE CALL WRITERS EXPECT
STRONG RESISTANCE AT THESE
LEVELS.
8. SENSEX IS CORRECTING THE
FALL FROM 17735 TO 12514 IN THE
SHORT TERM. THE PULL BACK LEVELS ARE PLACED AT 15125-15741.
9. NIFTY IS CORRECTING THE FALL
FROM 5298 TO 3790 IN THE SHORT
TERM. THE PULL BACK LEVELS ARE
PLACED AT 4544-4722.
10. THE ABOVE MENTIONED LEVELS WILL BE ACHIEVED AS LONG AS
14500 ON THE SENSEX AND 4320 ON
THE NIFTY IS NOT BREACHED.
HOT MONEY MAKING IDEAS FOR
THE NEXT WEEK:
1. Buy Crompton Greaves 250, Keep SL
of 244 for TGT of 268-279-290.
It has given a Diamond Breakout with
volumes. The MACD has just given a Buy
signal and the stock has formed a Bullish Engulfing Pattern on Friday.
2. Buy Rolta 325, Keep SL of 316 for
TGT of 337-346-366.
Rolta has given a Inverted Head & Shoulders Pattern Breakout with good surge in
volumes.
50DMA.
4. THE MONEY FLOW INDEX IS
SHOWING GREAT DIVERGENCE AND
WAS INDICATING THAT MONEY
WAS FLOWING IN THE MARKET
WHEN THE MARKET WAS GOING
DOWN IN THE PAST THREE WEEKS.
5. NOW THE OSCILLATORS ARE
POINTING TOWARDS MOMENTUM.
THE MACD IS NOW TURNING POSITIVE AND THE MOMENTUM OSCILLATORS INDICATE STRONG SURGE
IN MOMENTUM GOING AHEAD.
6. STRONG TRENDLINE RESISTANCE
IS AT 15244 FOR THE SENSEX AND
4516 FOR THE NIFTY.
3. Buy I-Flex 1454, Keep SL of 1405 for
a TGT of 1516-1801-1974.
One good thing about I-Flex pattern is
that it has outperformed the market in
this fall and was trading way above the
200dma, even though the market is still
way below it. The MACD BUY signal in
the positive zone with good increase in
volumes suggests strong momentum in
the near future with good price movement.
03-8-2008 to 09-8-2008
11
AUSTRAL COKE & PROJECTS LIMITED
West Bengal, Colkata based, Austral
Coke and Projects Limited is entering the capital market on August 7,
2--8 with an initial public offering
(IPO) of 72,60,000 shares of Rs10
each for cash at a price to be determined through a 100% book building process.Additionally there is a
Green Shoe Option of upto 10,89,000
equity
shares
to be
offered for cash at a price of Rs.10/each
The price band has been fixed at
Rs164 and Rs196 per share. The details are given herewith.
INTRODUCTION
Incorporated in 1994, Austral Coke
& Projects Limited is engaged in the
manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral
is used as a reducing agent in blast
furnaces for reducing iron or into hot
AUSTRAL COKE &
PROJECTS LTD
Issue Open: August 7, 08 to August 13, 08
Issue Type: 100% Book Built Issue . (Initial
Public Offer IPO)
Issue Size
: equity -72,60,000 Crores
Issue Size: Rs. 119.06 Crores
Post issue paidup capital:- 25 %
Face value of the shar: Rs.10
Offer price : Rs. 164-196
Minimum Investment : 34 Share in in mul
tiples of share
Maximum Subscription : 510 Shares,
1 lot - 34 shares and 17 lot - 510 shares.
Minimum and Maximum amount for retail
category : 1 lot - Rs 6664 and 17 lot - Rs 99960
Promotors : Shri Ratan Lal Tamakhuwala and
Shri Rishi Raj Agarwal
Investments P Ltd
Anarcon Resources Pvt Ltd
Registrar of the Issue : Intime Spectrum Regis
t
ry Ltd
Lead Managers : Allbank Finance Ltd, Saffron
capital, PL Capital, Elara Capital Ltd
Listing: BSE, NSE
Institutional
3,630,000
+91-79-9974747485
Jyoti Structures Ltd (JSL)
Industry: Power Transmission
Current
CMP (INR): 118.00 (as on July 30, 2008)
Price Target (INR): Rs 228-248.
Stop Loss: 104.75
Time Frame: Next 12-18 Months:
Shareholding as on 31.03.08 (%)
Foreign 30.41
Institutions 19.25
Non Promoters Corporate Holding 10.98
Promoters 26.94
Public & Others 12.42
Website : http://www.australcoke.com
Total 100.00
Grading : This issue has been graded by
Care ltd. and has been assigned
the “IPO Grade 2” out of 5 which
indicates below- average funda
mental
29.02.08*
27395.04
7946.62
2123.26
3517.25
29.01
12.84
19.00
Issue allocation
HNI
1,089,000
Sahil Bhatt
Check drown : Escrow Account – Austral
Coke Public Issue” For Retail Investors.
Austral Coke & Projects Ltd's financial information
For the year /period ended
Total Income
EBIDTA
TAX
PAT
EBIDTA %
PAT %
EPS
*11 months figures.
F U N D A M E N TA L VIEWS
31.03.07
19030.69
2842.07
458.11
914.79
14.93
4.81
5.99
Retail
2,441,000
(Rs. in lakhs)
31.03.06
31.03.05
12811.11 4321.97
911.41
325.18
124.46
73.71
202.07
127.74
7.11
7.52
1.58
2.96
4.65
4.52
metal in steel, foundries,
zinc smelters, cement and
Ferro alloy industries.
Company also deals in
trading of textiles and rentals of
Objects of the issue
1. The objects of the Issue are to achieve the construction and earthmoving
benefits of listing on the Stock Exchanges machineries to medium/large
& to raise capital to: Setting up of 1,50,000 construction companies who are
engaged in the business of conMTPA of LAM Coke plant;
structing/building of roads, air2. Captive Power plant of 8 MW;
ports, power projects, institu3. Acquire prospecting Mining Licenses in
tional & industrial complexes,
India / internationally;
multiplexes and residential build4. Prepayment of High cost debt;
ings and other related
5. General Corporate Purposes;
infrastructural activities more im6. Expenses related to Fresh Issue.
portantly catering to Public Sector undertakings, private sector,
VISION OF THE COMPANY
CPWD and various national & in#To achieve aggressive and profitable growth of our ternational government aided
businesses and initiated new businesses.
projects.
# To achieve best partner status with Group Companies in international business on a sustained basis.
# To become the Largest Manufacturer of Coke in
India in non ISP category.
# To have a PAN India presence.
# To be an Integrated player in Coke Manufacturing
with Captive Mines to feed Raw Material Requirement.
# To have plants of Latest Technology which are
Environment Friendly.
Currently it has capacity to produce 375,000 MT coke per annum
which is planned to increase up
to 525,000 MT per annum by
FY’09. Current capacity utilization of LAM Coke plant is 65%
of 175,000 MTPA which is exContinue on ...8
Investment Grounds:
- They have an aggressive and visionary
management. In addition, they also have
good track-record in executing large
T&D-EPC projects.
- Their Capacity Expansion project is in
pipeline. Capacity addition in FY08 from
76000MTPA to 94000MTPA to drive
the volumes.
www.GurukrupaCapital.com
of Rs 235, JSL will trade at 13X FY10E
earnings and at Rs 252 it will trade at
14X FY10E. Given the current industry
PE of 13X, we believe JSL is reasonably
priced between 13-14X FY10E earnings.
Even though JSL is a market leader and
has enjoyed a much higher PE multiple
in past. We recommend a “BUY” on the
stock with the stop loss of 104.75.
Power Finance Corporation (PFC)
Current
CMP (INR): 127.35 (as on July 30, 2008)
Price Target (INR): Rs. 236.48
Stop Loss: 104.87
Time Frame: Next 8 to 10 Months:
Shareholding as on 31.03.08 (%)
Foreign 4.20
Govt. / Financial Institutions 2.28
Corporate Bodies (not covered above)
1.3
Directors and their Relatives 89.78
Other including Indian Public 2.44
Investment Grounds:
- Huge opportunities in power sector.
- One of the largest Transmission Lines
& Towers manufacturers having 20%
market share in the domestic market.
- Notable Increasing presence in South
Africa & Gulf markets through JVs and
Subsidiaries.
- The present order book stands at Rs
34.20bn equivalent to 1.9x of FY09E
sales.
- Rural Electrification, APDRP and Ultra
Mega Power Transmission projects provide huge order opportunity. Govt. outlays USD 235bn for T&D by 2012.
- High working capital intensive business creates entry barriers for new players.
Valuation:
Gurukrupa Capital expects healthy order book going ahead on the back of
huge power capacity expansion plans in
India. We think JSL to post an EPS of Rs
13.2 in FY09E and Rs 18.3 in FY10E. At
a current price Rs 107, JSL is trading as
8.1X FY09E and 5.8X FY10E earnings.
Price Target:
Gurukrupa Capital believes that the target price for JSL is a range between Rs
228-248 in next 12-18 months. At a price
- High capital adequacy ratio, low leverage.
- Improving spreads to boost net interest
income.
- High operating efficiency.
Some Risk Factors:
- Power projects carry certain inherent
risks attached to them. These could adversely affect business and financial performance as losses can be lumpy at times.
- Significant shortages in the supply of
crude oil, natural gas or coal could adversely affect the Indian economy and
the power sector projects to which company has exposure.
- Political instability or changes in the
government could delay the liberalization of the Indian economy and adversely
affect economic conditions in the country.
Price Target:
Gurukrupa Capital believes that the target price for PFC is a range between Rs
236-245 in next 08-10 months. Looking
at the current scenario, we recommend
BUYING this stock with the stop loss of
104.87
03-8-2008 to 09-8-2008
12
Madhav Ranade
(M) 09371002943 or
email :
[email protected]
You have seen the trading levels last
few weeks and how good they
worked …….. Full list covers about
60 stocks. These levels will be available only to my yahoo group paid
members.
Trading levels W E E K LY SUPPORT AND RESISTANCE LEVELS
for 4th / 8th Au- A N U R A G GUPTA
FROM 28 July TO 31 July, 2008
MOBILE : 9255191643
gust 2008
Email : [email protected]
not be considered at all.
All triggers – RBI credit policy /
quarterly results etc are out of the
way now and it will be time to focus on macro economic issues at
global / domestic levels. The cues
Today, I have given levels for 8 are not exactly good and stage is
stocks, 4 commodities and 5 impor- set for some ranged trading with
tant world indices. This should give 4200 / 4600 range.
you some indication about the
Make a bearish spread when nifty
shape of things to come.
moves towards 4600 and a bullish
Position trading entry levels as well spread when it moves closer to
as stoplosses should be considered 4200.
as triggered when the level is consistently breached for a minimum I am now available on yahoo mesperiod of 15/20 minutes. Also senger on most of the trading days
breaching of the level in the open- and you can add me on your yaing / last 15 minutes of trade should hoo messenger. My yahoo id is
madhavranade1
Stocks
Commodities
SYMBOL
CLOSE
NF AUGUST
4432.85
ADLAB FUTURE
528.30
ABB FUTURE
805.70
ACC FUTURE
582.15
BANKBARODA FUTURE 276.35
BEL FUTURE
979.50
BEML FUTURE
707.50
BHEL FUTURE
1769.95
BOMDYEING FUTURE
636.75
BPCL FUTURE
337.15
CANBK FUTURE
196.55
CENTURYTEX FUTURE
495.00
CIPLA FUTURE
220.10
DABUR FUTURE
91.40
DIVISLAB FUTURE
1418.05
DRREDDY FUTURE
587.80
GAIL FUTURE
387.80
GRASIM FUTURE
1846.55
HCLTECH FUTURE
208.80
HDFC FUTURE
2411.80
HDFCBANK FUTURE
1118.80
HDIL FUTURE
462.30
HEROHONDA FUTURE
782.25
HINDUNILVR FUTURE
233.55
IDFC FUTURE
98.45
IDBI FUTURE
79.25
IFCI FUTURE
50.35
HINDPETRO FUTURE
226.45
I-FLEX FUTURE
1466.55
ICICIBANK FUTURE
647.15
INDIACEM FUTURE
146.05
INFOSYSTCH FUTURE 1649.20
IOC FUTURE
421.65
ITC FUTURE
188.05
IVRCLINFRA FUTURE
301.70
LT FUTURE
2700.20
M&M FUTURE
525.45
MARUTI FUTURE
557.60
MTNL FUTURE
108.70
NDTV FUTURE
386.45
ONGC FUTURE
1004.55
ORIENTBANK FUTURE
162.00
PARSVNATH FUTURE
118.20
PRAJIND FUTURE
189.20
PUNJLLOYD FUTURE
284.50
PFC FUTURE
136.10
PATNI FUTURE
214.80
RANBAXY FUTURE
502.05
RELINFRA FUTURE
1018.55
RELCAPITAL FUTURE
1349.55
RELIANCE FUTURE
2316.25
RPOWER FUTURE
171.40
RNRL FUTURE
102.90
SATYAMCOMP FUTURE 390.90
SESAGOA FUTURE
3514.40
SOBHA FUTURE
262.20
SBIN FUTURE
1486.25
TATAMOTORS FUTURE 380.45
TATAPOWER FUTURE
1113.30
TATATEA FUTURE
730.65
TCS FUTURE
847.25
TATASTEEL FUTURE
686.10
TITAN FUTURE
1161.35
UNITECH FUTURE
169.85
TATACOM FUTURE
448.65
WIPRO FUTURE
434.10
ZEEL FUTURE
199.60
TREND
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
BULLISH
BEARISH
BULLISH
BEARISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BULLISH
BEARISH
RES2
4625.48
580.77
870.37
633.18
316.12
1276.83
785.70
1944.98
715.05
360.42
218.18
530.20
235.90
98.23
1488.62
675.00
413.20
1980.75
218.93
2670.23
1239.77
501.07
854.58
248.08
106.82
84.42
57.62
242.32
1575.22
707.42
161.88
1746.33
447.82
203.48
351.57
2956.90
574.02
653.00
119.03
411.68
1074.45
182.53
128.60
218.80
317.37
149.93
231.53
535.68
1111.52
1453.85
2491.88
187.47
114.40
411.53
3833.47
288.13
1634.68
446.95
1255.10
839.15
1070.28
762.47
1284.98
183.58
503.15
475.10
241.60
RES1TREND LEVEL SUPP1
4529.17 4345.63 4249.32
554.53
521.27
495.03
838.03
797.57
765.23
607.67
579.43
553.92
296.23
260.12
240.23
1128.17 1041.33
892.67
746.60
704.80
665.70
1857.47 1719.48 1631.97
675.90
640.55
601.40
348.78
327.17
315.53
207.37
190.18
179.37
512.60
489.30
471.70
228.00
222.00
214.10
94.82
92.08
88.67
1453.33 1406.72 1371.43
631.40
598.20
554.60
400.50
379.00
366.30
1913.65 1832.90 1765.80
213.87
204.43
199.37
2541.02 2300.78 2171.57
1179.28 1092.72 1032.23
481.68
457.92
438.53
818.42
774.83
738.67
240.82
234.18
226.92
102.63
95.52
91.33
81.83
77.32
74.73
53.98
47.77
44.13
234.38
224.37
216.43
1520.88 1429.67 1375.33
677.28
637.87
607.73
153.97
147.58
139.67
1697.77 1606.43 1557.87
434.73
411.67
398.58
195.77
186.13
178.42
326.63
310.07
285.13
2828.55 2679.35 2551.00
549.73
516.62
492.33
605.30
576.80
529.10
113.87
107.33
102.17
399.07
390.53
377.92
1039.50 1000.05
965.10
172.27
158.63
148.37
123.40
115.65
110.45
204.00
192.00
177.20
300.93
270.47
254.03
143.02
130.58
123.67
223.17
217.08
208.72
518.87
493.68
476.87
1065.03
983.52
937.03
1401.70 1305.85 1253.70
2404.07 2243.18 2155.37
179.43
165.72
157.68
108.65
98.20
92.45
401.22
383.18
372.87
3673.93 3387.47 3227.93
275.17
257.93
244.97
1560.47 1428.43 1354.22
413.70
395.60
362.35
1184.20 1097.10 1026.20
784.90
752.50
698.25
958.77
874.38
762.87
724.28
651.82
613.63
1223.17 1122.08 1060.27
176.72
164.48
157.62
475.90
436.45
409.20
454.60
423.30
402.80
220.60
203.95
182.95
SUPP2
4065.78
461.77
724.77
525.68
204.12
805.83
623.90
1493.98
566.05
293.92
162.18
448.40
208.10
85.93
1324.82
521.40
344.80
1685.05
189.93
1931.33
945.67
414.77
695.08
220.28
84.22
70.22
37.92
206.42
1284.12
568.32
133.28
1466.53
375.52
168.78
268.57
2401.80
459.22
500.60
95.63
369.38
925.65
134.73
102.70
165.20
223.57
111.23
202.63
451.68
855.52
1157.85
1994.48
143.97
82.00
354.83
2941.47
227.73
1222.18
344.25
939.10
665.85
678.48
541.17
959.18
145.38
369.75
371.50
166.30
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. Ifthe market price is stable below the TREND LEVEL, then GO S H O RT.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. A LT E R N ATE STRAT E G Y:If you have already initiated a trade with clear-cutprofittargets 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.
03-8-2008 to 09-8-2008
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.
BUY NIFTY FO @ 4350 SL
4300 TGT @ 4550 BEFORE AUGUST 2008
SENSEX – 14656 as on 1/
8/08
Dear Friends,
Sensex has resistance at 14800
Level with highly Volatile
Trend; above which other resistance levels are at 14950 In
downside support levels are at
14450 levels; below 14350
level, other support levels are
at 14200 levels. I am negative
13
Stock Specific trend may be seen
for next week below
14100
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. 15100
again then the upper
side target is quite
high and it may touch
15500 before August
2008!!!
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.
NIFTY FO – 4413 as on 1.8
.2008
DIAMOND STOCKS FOR THE WEEK
1.
U.B. Eng. : (83 ) : Buy at Rs 80 levels considering minor support of Rs 75 and stoploss of Rs
72 for an upper target of Rs 98 levels. Below Rs70 it can slide upto RS 68 and RS 65 levels.
2. Dipak Ferti. : (108) : Operator based buying has been there in this stock. It is suggested to buy
at RS 105 with SL of RS 102 for the target of Rs 120 below RS 99 it can fall up to RS 95-92
levels. If it crosses Rs 125 level than expect non stop rally up to Rs
3. Cosmo Film (96 ) : This stock is looking very good to buy at Rs 92 with SL of RS 90 for the
target of RS 110 levels below Rs. 88 stock shall witness free fall.
4. Rain Commodities : ( 224 ) : Buy delivery of this stock at current levels with SL of Rs 215 for
the target of Rs 245 level. It is very good for long term position also.
5. Balrampur Chini (88) : Buy at Rs. 84 with SL of Rs . 80 for the target of Rs 105 levels below
Rs 78 it can show further fall.
6. Torrent Pharma : (186) : Technically accumulation in this stock has been at these levels.
Buy at Rs 180 with SL of RS 175 for the target of RS 205 levels. It is very good for short to
medium term.
7. Colgate : (400) : Buy at Rs 385 With SL of RS 375 for the target of RS 425 level. It is very
good for medium to long term investment.
8. Nagarjuna Ferti. : (40) : Buy at Rs 38 with SL of Rs 35 for the target of RS 52 levels. It is
very good for medium to long term investment.
9. Action Cons. (71) : Buy at Rs 70 with SL of RS 65 for the target of RS 85 levels . It is very good
for medium to long term investment.
10. Satwahna Ispat (56) : Buy delivery of this stock at current levels with SL of Rs 50 for the
target of 65 level. It is very good for long term position also.
Trend, In Downside support
levels are at 4380 Levels; below 4350 level, other support
levels are at 4320 levels. I am
negative for next week below
4270
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 has resistance at
4440 Level ; above which other
resistance levels are at 4480
Level with highly Volatile
Regarding long term positions,
it is preferable to remain cautious now...!! If NIFTY crosses
4550 Level, again then the upper side target is quite high and
it may touch
4620 Level
before August – 2008...!!! Here
is given Some GLODEN
STOCKS for the week
FUTURE-PLATINUM
1 Tisco (680 ) : Buy at Rs 670 with SL of RS 660 for the
target of RS 720 level below Rs 650 it can show further
downfall.
2 Sail : ( 145 ) : Buy at Rs 142 With SL of RS 139 for the
target of RS 165 level below Rs 138 it can show further
downfall up to Rs 132
3· IFCI : (49) : Buy at Rs. 46 with SL of RS 43 for the target
of RS 50-62 levels below Rs. 42 it can show further down
fall up to RS 40
4 Bajaj Hindustan (164 ) : Buy at Rs 160 with SL of RS 155
for the target of RS 184 levels below Rs. 150 it can show
further downfall up to Rs 140
5 Chambal Ferti. (81) : Buy at Rs. 78 with SL of RS 75 for
the target of Rs. 92 levels below Rs. 72 it can show further
downfall.
SMALL SAVING STARS
1.
2.
3.
4.
5.
Futura poly : (13 ) : Buy at 11 with SL of RS 10 for the
target of RS. 18
Sobhna Organics (17 ) : It is suggested to buy with SL of RS
14 for the target of RS 22 below at RS 13 it can slip up to RS
11 level. Crossover above Rs 23 evel will take the stock to
Rs 28
Makers Lab. : (13 ) : Buy at Rs 12 with SL of RS 10 for the
target of Rs 18 levels below Rs 10 it can show further down
fall.
Kesar Enter. : (71) : Buy at Rs 68 with SL of RS 65 for the
target of Rs 85 levels . It is very good for long term position
also.
Supreme Tex. (10) : Buy at Rs 10 with SL of RS 8 for the
target of Rs 14 levels below Rs 8 it can show further fall.
Buy at lower level and book profit in rally.