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• Vol. I • Issue :17 • Date : 22-6-2008 to 28-6-2008 • Editor : Devlaxmi Joshi • Asso.Editor : Narendra Joshi • Mobile:9825065387 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
INVESTMENT
GUIDE
13
ANTARYAMI
TECHNICAL
VIEW
3
SUMIT
BILGAIYAN
NET
PROFIT
6
MEGHA
MARKET MAY RECOVER MARKET PANICS :
FROM LOWER LEVEL
HOLD ON
Last week we have seen good
start from Monday and Tuesday
but in the middle of the week
amid of several negative factors
like soaring crude oil prices,
political uncertainty,weak global cues and sustained FII selling and lastly inflation figures
wrecked the market.The two key
indices-BSE
Sensex and Nifty
struck their lowest
level of calander
2008 of 20,June
2008.
Inflation rose to
11.05% in the 12
months to 7 June
2008.The rate was above market expectation of about 10%
rise. This figures was the highest in 13 years since 6 May 1995
when it sas 11.11%.
Next week will be crucial for the
market as there are many events
toeffect tjhe market . The market will closely watch the policy
statement of the US Federal Reserve to guage the outlool on US
interest rates.The FED is expected to keep interest rates unchanged in their forthcoming
meeting on 24-25 June
2008.Rising crude oil remains a
major
worry as India
imports close to 70%
of its crude requirements. The
oil prices has surged about 40%
in this calander year so far.The
Continue on ...3
The market suffered a few
major blows during the past
week. a Major blow was on
friday, when on announcement that the inflation figure
was 11p05 per cent, the sensex
took a
heavy
beating,
gains
down
b
y
m o r e
t h a n
500 points.
More important, the
Sensex and Nifty breached
15000 and 4450 levels respectively decisively. Both these
levels was considered to be
strong support levels for these
indices, and as these have been
broken, the market can be expected to open lower on Mon-
day, and there have been other
developments which point to
this. The Dow Jones closed
down 230 points on Friday after our market closed. And it
closed
below
12,000
after a
ong time.
Secondly,
Mayavati
h a s
withdrown
support
to
the
UPA Government. This can
give rise to further political instability. All these point to a
weak Monday. But if you are
a long term investor, there is
no need for you to panic. Just
wait for some time and all will
be well.
BEARS READY FOR EVEN IF MONDAY TURN TO BE A BLACK
MARKET WILL FIND SOME
THE KILL-21/06/2008 MONDAY,
BUYING AT BOTTOM LEVELS
Please watch out there's a
BEAR Attack on the way.
Kids, you all have seen the
Bull Run; now starts the
real adult show when the
Bears attack with all its ferocity and kill the remaining Bulls, who have still
survived. THIS IS THE
BEAR MARKET & IT IS
HERE TO STAY.
dreadful as the market will
crash and go into a tailspin.
Those who advocate buying
at lower levels are advised
to go on a vacation for the
time being, because bottom
formation will become elusive and everytime, you
think that the bottom is in
Whatever
has hap- -SHOBHA
pened un- Email :
til now is
n o t h i n g [email protected]
as com- SHAHENSHAH OF FINANCIAL JUNGLE
pared to
what lies in store in the place, that bottom will be
near future. The future is
Continue on ...11
You have seen turmoil since last crucial level for the market.
ary on 22 nd when Sensex was
four weeks. We have given data
closed 15332 and Nifty finally
of
Sensex
and
Nifty
rested at 4448. This was
during last two weeks Email : [email protected]
short and medium term
in our Gujarati article.
support for the indices.
We had given our
Close below this level
views that market is
means we have encounweek and moving totered short as well as
wards bottoming out
medium term Bull Run.
for the year 2008.If you
Falling below this level
look at the weekly Inmeans we have entered
dices data, it reveals
into bear face. This is on
that during last 5 weeks
simple logic, however,
Sensex has fallen ...3029... It is vital support for the short if we talk about Technical asPOINTS and Nifty has
pect, data may vary
fallen..881....points.
little. Common invesOn
02-May-2008 STOCK INDICES
tor is not concern
Sensex was 17600 and
with technical data
Friday close is 14571.
13-June-08 20-June-08 ±
but have interest only
While Nifty was 5228
in knowing where we
and dipped up to 4347 BSE
are heading now.
15189..62
14571.29 -618.33
on 20 June 2008. Last NSE
4517.10
4347.55
-169.55
Friday close is really a
We have discussed
mater of worry because
current Bull Run , at
It has closed below January term which has broken on Fri- length , in our Gujarati article of
Crash. We feel that this is the day. Look at the crash of JanuContinue on ...5
2
Sensex, Nifty broken
January-2008 lows
and closed at 10month
low
Friday was the worst
day for Indian Stock
Markets since the
beginning of this
year. Investors chucked stocks to survive the snowballing threat of a possible monetary tightening by Reserve Bank of India to rein in soaring inflation.
The key benchmark indices plummeted over 3% to end at their lowest level in 10 months after the
latest data showed a surge in inflation to 13-year high early this month. The market breadth was
extremely weak due to widespread selling. All the sectoral indices on BSE ended in the red. Oil
& gas and realty stocks declined sharply.
As per provisional data, foreign funds today, 20 June 2008, sold shares worth a net Rs 999.31
crore. Domestic funds bought shares worth a net Rs 563.86 crore. Despite heavy buying from
domestic funds,Sensex slumped 516.70 points or 3.42% at 14,571.29, its lowest closing since late
August 2007. The index shed 568.72 points at the day¢s low of 14,519.27 hit at the fag end of
the trading session today. The Sensex gained 114.02 points at the day¢s high of 15,202.01, hit at
the onset of trading session.
The broader based S&P CNX Nifty was down 157.70 points or 3.48% at 4347.55, its lowest
closing level since August 2007. Nifty June 2008 futures were at 4343, a discount of 4.55 points
compared with the spot closing. NSE’s futures & options (F&O) segment turnover was Rs
58533.66 crore, which was higher than Rs 42696.18 crore on Thursday, 19 June 2008.
The Sensex is down 6635.48 points or 31.28% from a record high of 21206.77 it hit on 10
January 2008. It is down 5715.70 points or 28.17% in calendar year 2008 so far.
The market breadth was poor on BSE with 450 shares advancing as compared to 2247 that
declined. 43 remained unchanged.
The BSE Mid-Cap index outperformed the Sensex, falling 3.17% to 6,032.43. The BSE SmallCap index underperformed the Sensex, sliding 3.43% at 7,397.66.
India¢s second largest cellular service provider by sales Reliance Communication (RCom) slipped
6.65% at Rs 491.30. South African mobile giant MTN remained silent on its talks with the
company at its annual general meeting (AGM) in Johannesburg on Thursday, 19 June 2008. The
AGM was expected to discuss RCom merger deal especially in the back drop of the Reliance
Industries¢ claims over first right of refusal for a controlling stake in RCom.
India’s largest aluminium producer by sales Hindalco Industries slipped 6.37% at Rs 161 after its
board approved raising up to Rs 5000 crore by way of a rights issue to redeem a bridge loan it had
taken for acquisition of Novelis Inc.
The other major losers from the Sensex pack were, Jaiprakash Associates (down 6.03% at Rs
166.60), Reliance Infrastructure (down 4.92% at Rs 962.55), Bharti Airtel (down 4.76% at Rs
766.40) and Tata Steel (down 4.66% at Rs 777.60).
India’s top state-run oil explorer by market capitalisation ONGC rose 1.56% at Rs 866.85. It was
the only gainers from the Sensex pack.
The BSE Oil & gas index underperformed the Sensex, sliding 5.03% to 9,419.89. Reliance
Natural Resources (down 7.27% at Rs 82.95), Essar Oil (down 6.62% at Rs 225.80), and Cairn
India (down 5.69% at Rs 267.60), slumped.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries lost
6.61% at Rs 2096.60. RIL has a highest weightage of 15.80% in Sensex.
Stocks of the interest rate sensitive sectors such as automobiles, realty and banking dropped after
the inflation data. Bank of India (down 7.36% at Rs 247.90), State Bank of India (down 4.11%
at Rs 1,247.50), and HDFC Bank (down 1.93% at Rs 1,099), were the key losers from the
banking space. The BSE Bankex outperformed the Sensex, falling 2.97% to 6,804.78.
India’s largest private sector bank by assets ICICI Bank lost 2.48% at Rs 734.65. ICICI Bank has
a third highest weightage of 8.11% in Sensex.
The Realty index underperformed the Sensex, falling 4.45% at 5,383.81. Housing Development
& Infrastructure (down 9.17% at Rs 528.15), Sobha Developers (down 6.66% at Rs 360.95),
Indiabulls Real Estate (down 5.91% at Rs 354.05), Unitech (down 2.12% at Rs 184.60) and DLF
(down 4.57% at Rs 456.35), tumbled.
Realty developer Parsvnath Developers lost 6.28% to Rs 152.10 after the company reported 17%
fall in net profit to Rs 108.87 crore in Q4 March 2008 over Q4 March 2007.
Automobile sector stocks lost steam fearing that a tight monetary policy may compel banks to
raise lending rates which in turn would hurt demand for automobiles. TVs Motor Company
(down 5.19% at Rs 32.85), Hero Honda Motors (down 4.01% at Rs 759), Tata Motors (down
2.82% at Rs 488.85), Maruti Suzuki (down 2.51% at Rs 727.80) and Mahindra & Mahindra
(down 0.22% at Rs 575.20), declined.
India¢s second largest software exporter by sales Infosys Technologies shed 1.74% at Rs 1827.60.
Infosys has a second highest weightage of 8.76% in BSE Sensex.
Sundaram Clayton, which resumed trading today on BSE, fell 57.92% at Rs 282.55. It opened at
Rs 324 and touched a high of Rs 397.80 in early trade.
Reliance Industries clocked the highest turnover of Rs 387.31 crore on BSE. Anu’s Laboratories
(Rs 263.72 crore), Niraj Cement Structurals (Rs 233.67 crore), Reliance Capital (Rs 233.25 crore)
and Reliance Petroleum (Rs 201.16 crore), were the other turnover toppers on BSE in that order.
Reliance Natural Resources reported a highest volume of 1.32 crore shares on BSE. IFCI (1.27
crore shares), Niraj Cement Structurals (1.16 crore shares), Reliance Petroleum (1.15 crore
shares) and Chambal Fertilizers & Chemicals (1.07 crore shares), were the other volume toppers
on BSE in that order.
European markets were trading lower. Key indices in UK, Germany and France were down by
1.07% to 1.43%. Some of the indices were trading in positive terrain earlier.
Asian stocks were mixed today. The key benchmark indices in Hong Kong, China and Singapore
were up by between 0.31% to 3.01%. Key benchmark indices in Japan, Taiwan and South Korea
were down by between 0.23% to 1.81%.
US stocks rose Thursday, 19 June 2008, as a drop in oil prices fueled investor optimism about
consumer spending, driving shares of transportation and retailers sharply higher. The Dow Jones
Industrial Average gained 34.03 points or 0.28% to 12,063.09. The tech-laden Nasdaq Composite Index rose 32.35 points or 1.33% to 2,462.06.
US crude for July delivery settled down $4.75, or 3.48%, at $131.93 per barrel on the New York
Mercantile Exchange on Thursday. It lost further to $131.71 today as China’s surprise move to
increase fuel prices sparked worries about a curb in demand from the world’s second largest
consumer.
The sharp fall in oil price came just days before an emergency meeting on Sunday, 22 June 2008,
in Saudi Arabia between oil consumers and producers to discuss rising oil prices. Saudi Arabia,
the world’s top oil exporter, is hiking output to help bring down prices, which have jumped
nearly 40% this year and caused protests around the globe.
Heavy and consistant fall in the market during last three days is due to political worries which pull
market down based on fear that withdrawal of suport from Left front can shake UPA Government.
Bears struck back with a vengeance on the bourses today after a sharp rally in the past two days.
22-6-2008 to 28-6-2008
Bears used the ploy of weak European markets and deferral of a crucial UPA-Left coordination
committee meeting on Indo-US nuclear deal scheduled today, to bring share prices down. The
decline followed a range bound movement on the bourses for a better part of the day till early
afternoon trade. News of deferral of the UPA-Left meet on nuclear deal hit the market in
afternoon trade.
Banking and IT stocks bore the major brunt of selling. FMCG stocks rose on defensive buying.
Media reports had suggested that the government would try to persuade the communists in
today’s meeting to at least allow it to conclude negotiations with the International Atomic Energy
Agency (IAEA), a crucial step in putting the deal into effect. The nuclear deal, if finalised, will
meet some of India’s energy needs.
The 30-share BSE Sensex lost 274.59 points or 1.75% at 15,422.31. The index shed 306.68
points at the day¢s low of 15,390.22 hit at the fag end of the trading session. At the day¢s high
of 15,789.62, Sensex gained 92.72 points in early trade.
The broader based S&P CNX Nifty was down 70.6 points or 1.52% at 4582.40. Nifty June 2008
futures were at 4561.40, a discount of 21 points compared with the spot closing.
As per provisional data, foreign funds today sold shares worth a net Rs 435 crore. Domestic funds
bought shares worth a net Rs 193.64 crore.
Reports of good monsoon in the first half this month, higher advance tax paid by key Indian
corporates, and cooling off of oil prices from record high had boosted the battered bourses in the
past two day. Sensex had risen 507.28 points or 3.33% to 15696.90 on Tuesday, 17 June 2008
from its close of 15189.62 on 13 June 2008.
The barometer index is down 5784.46 points or 27.27% from a record high of 21206.77 it hit on
10 January 2008. Slowdown in corporate earnings caused by moderation in economic growth
and increase in risk aversion globally due to credit crisis in the United States, has triggered a
massive fall on the Indian bourses this year.
Coming back to today’s trade, the market breadth, which was strong in early trade, turned weak
later as mid-and small-cap stocks lost ground later in the day. On BSE with 1254 shares advanced
as compared to 1402 that declined. 75 remained unchanged. The breadth.
The BSE Mid-Cap index down 0.63% to 6,359.79 and BSE Small-Cap index was down 0.08%
to 7,775.29.
BSE clocked a turnover of Rs 6160 crore as against Rs 5,337.45 crore on Tuesday, 17 June 2008.
NSE’s futures & options (F&O) segment turnover was Rs 47440.71 crore, which was higher than
Rs 42624.38 crore on Tuesday, 17 June 2008.
India¢s biggest drugmaker by sales Ranbaxy Laboratories advanced 2.88% to Rs 598.20 on
reports Japanese drug-maker Daiichi-Sankyo may revise the open offer price for minority
shareholders if US drug major Pfizer launches a counter offer. The stock rose on heavy volume
of 40.8 lakh shares on BSE.
In a major development announced after trading hours today, 18 June 2008, Ranbaxy Laboratories said it has reached a comprehensive settlement over disputes with Pfizer, clearing the way
to launch generic version of the US firm’s cholesterol drug Lipitor. The settlement covers the
United States, Europe, Canada and Australia.
Banking stocks witnessed massive selling pressure after rise in past two sessions. India’s largest
private sector bank by assets ICICI Bank fell 4.25% at Rs 785.35. ICICI Bank has a third highest
weightage of 8.18% in BSE Sensex.
Axis Bank (down 5.16% at Rs 753.25), HDFC Bank (down 4.23% at Rs 650.25), and State Bank
of India (down 2.61% at Rs 1,350.90), slipped. The BSE Bankex underperformed the Sensex,
falling 3.45% to 7,306.44.
The BSE IT index underperformed the Sensex, sliding 2.39% to 4,333.94. HCL Technologies
(down 4.41% at Rs 279.40), Satyam Computer (down 2.44% at Rs 472.50), TCS (down 2.27%
at Rs 900.50), Wipro (down 1.94% at Rs 484.85), declined.
India¢s second largest software exporter by sales Infosys Technologies fell 2.49% at Rs 1,865.70.
Infosys has a second highest weightage of 8.80% in BSE Sensex.
Cement stocks were in demand. Ambuja Cements (up 4.80% at Rs 90.65), ACC (up 0.88% at Rs
643.20), and Grasim Industries (up 2.38% at Rs 2229.10), rose. Some cement makers have
reportedly paid higher advance taxes in the June 2008 quarter, hinting at the possibility of brisk
business in the current fiscal.
Realty stocks tumbled. The BSE Realty index underperformed the Sensex, falling 3.50% to
5,885.78. Indiabulls Real Estate (down 6.07% at Rs 397.90), Sobha Developers (down 3.36% at
Rs 395.45), Unitech (down 3.31% at Rs 200.25), and DLF (down 2.68% at Rs 492.35), slumped.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries
(RIL) fell 1.96% at Rs 2283.50. RIL has a highest weightage of 15.76% in BSE Sensex.
India¢s second largest cellular services provider Reliance Communication rose 0.42% to Rs
527.95. As per reports, Anil Ambani is considering buying more than 40% in South Africa-based
MTN. The stock had lost 2.42% to Rs 530.20 on Tuesday, 17 June 2008 from Rs 543.35 on
Friday, 13 June 2008, after RIL on Friday, 13 June 2008, claimed first right of refusal to buy a
controlling stake in Reliance Communication (RCom).
RCom, controlled by Anil Ambani, is in exclusive talks with South Africa’s MTN for a tie-up that
could create a top-10 global telecoms firm.
Drug maker Plethico Pharmaceuticals rose 2.75% to Rs 384.80 on reports the company plans to
acquire a US-based nutraceutical company for about $80 million to $100 million.
Auto lubricants maker Tide Water Oil was locked at upper limit of 5% at Rs 4040.40 on reports
Reliance Industries, French oil giant Total, US oil giant Chevron, Hinduja group and Keventer
group have evinced interest in bidding for Andrew Yule’s stake in the firm.
IT soulutions provider Cambridge Solutions was locked at upper limit of 20% at Rs 57.80 on
reporting net profit of Rs 17.18 crore in Q4 March 2008 as compared to net loss of Rs 1.65 crore
in Q3 December 2007.
Anu’s Laboratories clocked the highest turnover of Rs 643.25 crore on BSE. Reliance Capital (Rs
286.03 crore), Ranbaxy Laboratories (Rs 245.66 crore), Reliance Industries (Rs 211.08 crore),
and Reliance Petroleum (Rs 163.08 crore), were the other turnover toppers on BSE in that order.
Anu’s Laboratories reported a highest volume of 1.49 crore shares on BSE. Ispat Industries (1.39
crore shares), Chambal Fertilizers and Chemical (1.30 crore shares), Reliance Natural Resources
(1.27 crore shares) and IFCI (1.14 crore shares), were the other volume toppers on BSE in that
order.
European markets, which opened after Indian market, were trading lower. Key indices in UK,
France and Germany were down by 0.25% to 1.17%.
Asian markets, which opened before Indian market, were trading higher. Key benchmark indices
in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were up by 0.19% to 5.24%.
US market closed lower yesterday, 17 June 2008, following a warning from Goldman Sachs that
banks may need to raise another $ 65 billion to tide over the credit crisis. The news rippled
through the market, offsetting any positive impact from Goldman’s earnings. The Dow Jones
industrial average plunged 108.78 pints, or 0.89%, to 12,160.30. The S&P 500 index declined
9.21 points, or 0.68%, to 1,350.93, while the Nasdaq composite index lost 17.05 points, or
0.69%, to 2,457.
US crude oil futures fell further on Wednesday, 18 June 2008, after settling lower for a third day
in a row on Tuesday, 17 June 2008, on expectations Saudi Arabia will soon boost output. Frontmonth US crude for July delivery was down 65 cents, or 0.49%, at $133.36 a barrel on the
Globex electronic trading platform.
Narendra Joshi [Assocoate Editor]
22-6-2008 to 28-6-2008
3
MARKETS
MOVING
INTO OVER SOLD ZONE
Bse Sensex(14571.29) and
Nifty(4347.55) closed approximately 4% down each
last week .Higher inflation
at 11.3 v/s 8.75 brought
some worries.Market will
take cue from political
developments.Support for
Sensex is 14100 and for
Nifty 4220. Resistance level
of 15200 for Sensex and
4550 for Nifty.Markets are
in oversold zone and selective buying will be visible
at every decline.
Nifty put-call ratio is 1.22 and
highest open interest is build up
at Nifty 4100 put option.Birla
Jute and Parshvanath added
significant open interest while
Chambal Fertilizer and Renuka
sheded the open interest.
Strategy for Future & Option
players
1)ONGC(867)-Lot Size-225
LAST WEEK SENSEX
GRAPH TREND
BULLET
Narendra Naynani
(M)9898162770
[email protected]
Month Strike Price 900 @9.85
Premium Received by selling
call=225*9.85==2216.25 Rs.
Maximum
Profit-900867=33*225=7425+2216.25=9641.25
Maximum Loss=Unlimited
Trading Idea
1)GTC IND(150.90)Buy this
stock in decline and trade..
Buy One Lot of ONGC@867
and sell Call Option Of June
2)NITCO(149.3) Buy this stock
in decline and trade.
TREND OF MAJOR STOCKS
STOCK
TREND NO OF
DAYS
Weekly Monthly
Trend
Trend
ICICIBANK.NS
Bearish 1
Falling
Flat!
INFOSYSTC.NS
Bearish 1
Falling
Flat!
ITC.NS
Neutral 1
Falling
Flat!
MARUTI.NS
Bearish 1
Falling
Flat!
RELIANCE.NS
Bearish 1
Falling
Flat!
SAIL.NS
Bearish 1
Rising
Flat!
SATYAMCOM.NS
Bearish 1
Falling
Flat!
SBIN.NS
Neutral 1
Rising
Flat!
TATASTEEL.NS
Bearish 1
Falling
Flat!
TCS.NS
Bearish 1
Falling
Flat!
Useful Technical Figures 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
732.95
1827
198.4
728.35
2099.2
154.15
455.4
1330
813
863.85
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
MFI-21
42.75
59.53
41.4
29.08
27.54
39.82
55.64
24.57
53.99
55.45
RSI-14
37.84
46.98
38.7
42.62
31.47
41.19
39.57
36.1
43.53
38.74
ADX-14
17.9
17.61
19.74
14.38
28.13
22.73
17.72
46.67
19.42
20.68
In last week we see a negative
trend in market continuously increase in inflation are also give
the bad effect for
market 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 14050 weekly basis sensex resistance is at 1470014850-14980 above this next
important resistance is at 15150
if sensex closes above this level
then next target for sensex is at
15280 on weekly basis sensex
support is at 14350-1422014100 below this level next
support is at 14050 for weekly
basis nifty resistane is 43904480--4560 above this level
next resistance is at 4590 on
weekly basis nifty support is at
4300-4220--4150 below this
level next support is at 4080.for
next week strategy in f&o once
an sell nifty future jun with a
weekly target of 4250 in down
side strong support is at 4220 if
this is break then next support
is at 4150 keep a stoploss of
4410 expected volatile trend see
in market in next week.
STOCK FOR THIS WEEK
Intern conve -Buy at current levels with a upper target of 260 to
280 it has important support is
at 230 below this level next support is at 225 if it break the level
of 225 then we see some fall in
intern conv take stoploss of 232
Ckoramaa cem--looking explosive on chart buy at current lev-
OBITUARY
Death is uncertain, Partition of beloved is
always painful. May Lord make the deased soul
rest in eternal peace.
LkiLkt rALËÂLík þ†krý, LkiLkt Ënrík Ãkkðf:>
Lk [iLkt õ÷uËÞLíkkÃkku, Lk þku»kÞrík {kÁík: >
Bipinchandra Jayashankar Bhatt
Nikhil Bipinchandra Bhatt, Mrs. Sejal Nikhil Bhatt
MRS. JAYSHREE BEN
Sunil Bipinchandra Bhatt, Deepak Bipinchandra Bhatt BIPINCHANDRA BHATT
& Bhatt Family, Narendra Joshi &
BIRTH 28-04-1951
DEATH 16-06-2008
The Economic Revolution Family
els at 55 it has strong support is
at 50 keeping a stoploss of 51
on weekly basis take a target of
60 above 61 it will zoom upto
65.
Riba textile-This stock are look-
SENSEX
ing good for coming week there
is upside potentional till around
at 98 and down side strong support 84 keep a tight stoploss of
85 on weekly basis take a target
of 96.
Swaraj mazd- Buy at current levels with upper target 350 it has
important support at 312 below
this level expected some bearish trend take a stoploss of 320
F&O STOCK
WEEKLY
ONGC fut-Buy at
866 with a stoploss
of 845 with a target
of 882 above this
next target is 888 in
coming days
CAIRN fut -Buy at
267 with a target of
288 with a tight
stoploss 255 below
255 expected some bearish trend
in cairn.
HPCL fut -Buy at lower levels
considering 194with a upper target of 202 with a stoploss of 185
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lion (FY 06-07), and growing.
As one of India 's leading software services company, they
have maintained strong fundamentals with zero-debt (ZERO
DEBT???!!!). If nobody else, at
least their employees believe in
the prospects of the company,
with12% (FY 06-07) ownership.
With a market cap of 350Cr, a
PE of 10, EPS of 3.17 and BV of
16.98 the share price of this
company has been floating between Rs 30 to Rs 40 in the last
two months. Dont be fooled, the
face value of this company is 1
ie the share price would be Rs
335 currently of FV 10.
Their operating profits have
been increasing by an average
of half-a-crore every quarter to
12.33 Cr Dec 07 (9.50, 10.25,
10.77, 10.86, 12.33). Net profit
currently stands at 9.75 Cr.
Buy at 30 with a long term target 50 stoploss 20
22-6-2008 to 28-6-2008
4
On Monday(23.06.08) at
opening bell, U can buy
Rungta Irrigation-530449.
It is likely to be a
multibagger in long term
though it is in “Z” group.
Shares are in D-Mat Form.
Since last 3-4 days it was in
upper ckt,though market is going down
and down. Only long term players and
those want to take risk can buy this
script…..This script will give unbelievable returns in long term……..Put your
limit everyday if upper ckt opens…..
Last Week we had clearly told u that if
nifty future breaks 4456 then it may come
to 4333….and index can come to
14747………See
our
prediction……….
Index had touched
14519.27 and nifty future had touched
4316 as a low…………What else u
want??
In a starting of last week, our stock future
IF BSE INDEX BREAKS 14343 THEN IT MAY
TOUCH 14184, 14036……..U CAN BUY THERE
NIFTY FUTURE IF BREAKS 4309 THEN IT MAY
TOUCH 4267, 4204…U CAN BUY THERE
recommendation has fulfilled our all target before moving downward………like
chambal from 90 to 98, RPL from 178 to
186, RNRL from 89 to 96, R Power from
186 to 197, Telco from 500 to 527, Bhel
from 1545 to 1613……….Superb profit
in few days only……
From
Our
Delivery
based
recommendation……Deccan Aviation
from 102 to 117, Hind Oil from 127 to
135, Aptech from 210 to 234, Assam Co.
from 28 to 31, RNRL from 90 to 96, Surya
Pharma from 101 to 123, Hind.copper
from 256 to 297, Zensar from 136 to 146,
TFL from 19 to 26, Rungta From 19 to
24……….Superb and healthy profit even
in –ve markets……… Still our reco. Of
SEL MFG given to u all at Rs. 465/- & it
had hits a high of 611.40 on Friday even
in -516 pts down market. Our paid clients has bought Anu’s lab at Rs. 264/-
Closing Price
14571.29
Support
14184
Stoploss
14036
Target 1
14572
Target 2
14696
Target
14817
Nifty Future’s Prediction for Week (23.06.08 To 27.06.08)
Index
Nifty
Closing Price
4343.00
Support
4267
Stoploss
4204
Target 1 Target 2 Target 3
4343
4409
4449
Nifty Future’s Hot Scripts for Week (23.06.08 To 27.06.08)
Sr.
No.
1
2
3
4
5
Company
Name
Tata Tea
ONGC
Mphasis
Cummins
Sterling Bio
Closing
Price
746.35
865.85
237.45
263.65
197.00
Stoploss
Target 1
Target 2 Target 3
725
847
226
252
190
709
828
212
240
185
758
879
245
269
204
774
892
254
277
210
Since April we are constantly giving u
Continue on ...10
Weekly Trading’s Hot Scripts for Week (23.06.08 To 27.06.08)
Sr.No.
1
2
3
4
5
BSE Index Prediction for Week (23.06.08 To 27.06.08)
Index
BSE
just 10 days back and lookkkkkkk in just
10 days it had moved to Mind-blowing
Rs. 456/-….What else anybody wants in
this kind of volatile and –ve markets………
Company Name
JSW Steel
Suzlon
M&M
NTPC
ACC
Closing Price
1000.00
244.80
573.00
163.20
627.00
Stoploss
980
232
559
156
609
Target 1
964
223
547
150
598
Target 2
1017
253
586
169
640
Target 3
1034
264
598
175
654
For Delivery Based Investment Hot Midcaps/
Smallcaps for Week (23.06.08 To 27.06.08)
Sr.
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Company
Name
Rungta Irrigation
TFL
Hind.Copper
Ramratna Wire
GSPL
United Phos
EPC Ind.
Solectron
Minda Ind.
Sky Ind.
DCM Shriram
GVK Power
Swaraj Mazda
Ushdev Inter
Hitech Plast
Bse
Code
530449
532812
513599
522281
532702
512070
523754
532956
532539
526479
523369
532708
505192
511736
526217
Closing
Price
24.05
24.05
269.80
45.90
59.85
315.00
37.90
132.85
312.05
58.60
111.95
41.35
333.40
93.50
82.00
Target 1 Target 2 Target 3
21.60
231.00
40.80
55.00
302.00
34.00
122.00
299.00
53.00
103.00
36.80
317.00
86.00
76.00
30
32
309
48
62
322
40
138
320
63
115
43
341
98
86
37
39
343
52
65
329
44
145
328
67
121
47
353
103
93
BUYING MAY SEEN AT LOWER LEVELS….BE STOCK SPECIFIC ONLY IN SHORT TERM
1) MARUTI ( 746.50 ) :- In this
scrip near term support at 743 and
buy with the stop loss of 736 on the
upper side first target is 752 then
Rs. 757 - 762 to 768.
2) LINCO INFRA ( 386.85 ):- In
this scrip near term support at 383
and buy with the stop loss of 376 on
the upper side first target is 391 then
Rs. 395 - 398 to 405 .
near term support at 498 and buy with
the stop loss of 492 on the upper side
first target is 508 then Rs. 513 - 519
to 525.
near term support at 403 and buy with
the stop loss of 396 on the upper side
first target is 411 then Rs. 416 422 to 428.
6) TIATAN (1069.20 ) :- In this
scrip near term support
at 1062 and buy with
8) BAJAJ HOLDING. ( 490.20 ) :In this scrip near term support at 485
and buy with the stop loss of 478 on
the upper side first target is 494 then
Rs. 499 - 505 to 512.
9) IBULLS ( 332.65 ) :- In this
scrip near term support at 327 and buy
with the stop loss of 318 on the upper
side first target is 336 then Rs. 341
- 345 to 350.
3) TATA TEA ( 746.15) :- In this
scrip near term support at 742 and buy
with the stop loss of 735 on the upper side first target is 750 then Rs.
754 - 760 to 764.
4) BOMBAY DYING ( 712.15 ) :In this scrip near term support at 708
and buy with the stop loss of 702 on
the upper side first target is 716 then
Rs. 723 - 728 to 734.
5) TELCO ( 503.05 ) :- In this scrip
the stop loss of 1053 on the upper side
first target is 1075 then Rs. 1083 1089 to 1097.
7) VSNL .( 408.60 ) :- In this scrip
10) INFO EDGE. ( 988.45 ) :- In this
scrip near term support at 982 and buy
with the stop loss of 975 on the upper side first target is 993 then Rs.
998 - 1002 to 1011.
11) CENTURY TEX. ( 595.55 ) :In this scrip near term support at 591
and buy with the stop loss of 585 on
the upper side first target is 601 then
Rs. 606 - 612 to 616.
12) BHEL ( 1423.15 ) :- In this
scrip near term support at 1417 and
buy with the stop loss of 1408 on
the upper side first target is 1429 then
Rs. 1436 - 1442 to 1456.
13) JET. ( 540.85 ) :- In this scrip
near term support at 535 and buy with
the stop loss of 527 on the upper
side first target is 544 then Rs. 550
- 557 to 562.
14) BEML. ( 945.25 ) :- In this
scrip near term support at 938 and
buy with the stop loss of 931 on the
upper side first target is 952 then Rs.
959 - 964 to 970.
15) BHARTI AIR. ( 804.7 ) :- In
this scrip near term support at 798
and buy with the stop loss of 790 on
the upper side first target is 809 then
Rs. 814 - 820 to 827.
Continue on ....2
22-6-2008 to 28-6-2008
Bull run in crude oil and
bounce back in stock market
Stock Market-As per Astro-technical calculations this week is
represents by figure 24 and as
per finical numerology figure
24 is ruled by Venus and there
will be combinations of Mars
with Saturn in
Leo and sun
with Venus in
Mithun rashi.
All these combinations and
conjunctions
may lead to
bounce back
from lower levels in Indian stock
market. Of Course it is very difficult to predict when Indian
stock market all most at lowest
levels of year 2008. My advance
predictions about blood bath in
Indian stock market once again
proved correct previous week.
Nifty levels also have gone correct. Hope readers must have
enjoyed a bit by reading unique
like pharma, real state, infrastructure, power , capital goods oil
and Gas sector are looking attractive to buy at lower levels
with the view of mid term investment. Speculators may avoid big
trading with the view of down
ward corrections. Investors may
keep eyes in RIL, RPL, REL
CAPITAL, SBI, LT ,
CENTUARY
TEXTILES
BOMBAY DYING ETC for investment. This is time to provide
some incentive to foreign investors, and institutional investors
in India. I will appreciate if Govt
Nifty Level
Nifty support levels: (1) 4311
Nifty Resistance levels (1) 4388
advance predictions. I am thankful to all those who called me
up on phone or sending mails
for appreciations for advance
predictions of stock market and
commodity market. Your feed
back gives more and more energy and motivations to writer
to maintain pace of writing.
Thanks very much for your appreciations and motivations.
As per Astro-calculations this
week may provide a light in dark
to bulls. Some bounce back
expected in Indian stock market.
Although today (20 June 2008)
timing around 3,15 pm Sensex
has been shown 530 points minus and nifty around 155 points
minus every where blood only
blood is being seen in Indian
stock market. I have dared to
write base on astro calculations
about bounce back this week (23
June 2008 to 27 June 2008). Because Financial astrology is
above any kind of greed and
panic. Let us pray for best of
Luck to stock market.
Financial astrology says that
this week some buying interest
may be seen in selected sectors
(2) 4266 (3) 4210
(2) 4450 (3) 4510
provide some relaxations in investment at these junctions.
5
Kotak Bazar
Conti. from ....1
this week. We does not touch this
subject at the same length in this
issue but within next two three
days, we will post our entire
Technical logic on the web site.
However, we shall take current
details of current rally which
started from Sensex level of
2595 and Wave-5 completed at
12671. Then after we had seen
correction till 8799 on 14-062007. This was retracement on
Fibonacci Chart termed as correction within the current Bull
Run in long term chart.
We shall take current rally stared
from 8799 which made Top of
21206 adding total 12407
points during the rally and then
after fresh correction is ongoing.
We do not drag you in leg
counts Waves etc but trying to
present data in simple language.
Now, what can be the bottom
?????? Within this bull rally ?
This is the main question asked
by most of the investors. Technically, in a broader sense once
sensex hit 13539 , we can term
ernment to withdraw support. It
can shake UPA government.
Stock market always like stable
government and political stability is the highest concern of any
stock market across the globe.
Current develops in this regard
are very serious. Monday market may react negative to this
issue. However, we feel that
once bottom is found within the
week or so, market may see some
gains and value buying. Mon-
day is very crucial for the market.
Fear amongst the traders and
brokers is that if market open
weak and hammering and selling pressure emerge, market may
hit lower circuit or say can fall
heavily. In such a scenario we
advise traders to avoid buying
in initial stage. In case market
crash, no one get selling and
shorting opportunities. You just
can watch only. However, you
can have chance of bottom fish-
Commodities
Crude Oil: As per stars crude oil
is
expected
to
show
volatility trend this week.
Crude oil resistance levels US$
139 to per barrel and support
levels USD 128 or 122 per barrel in world future market. Up
ward movement is expected during week. Stars say this week
may dedicate to crude oil bulls
sudden one side upward movement is expected in world future
market. Crude oil Bears may
hedge their short positions this
week of predictions.
Metal- Copper and Nickel may
show upward movement in spot
and future market during the
week
Profit or Loss for You
This week may bring fortune for
Mesh and Varshik rashi, Singh
Rashi may also be benefited
during this week. Now stars may
start favoring them in trading as
well as at demotic fronts.
it as correction is over. It is seen
that retracement has not taken
its full swing in all corrections.
However, this is the level we can
say correction is over and on the
other side, if sensex fall below
this level, Bear market trend can
also be confirmed. We, therefore,
believe that we are on very crucial threshold.
We have seen some catalyst triggering sell of in the recent past
like Inflation which knock 13
years high levels, threatening
support withdrawal from Left
front to UPA government, Crude
oil prices scaling higher and
higher and little slow down in
economy. Most vital point for
the sentiments of the market can
be Left front warned UPA gov-
ing.
This week we do not give any
weekly tips due to sentiment of
the market being UN stable.
However, once Monday and
Tuesday are passed, we will post
our views and buying opportunities on the web site of The
Economic Revolution. One shall
watch
the
web
site.
One more Negative point for Indian as well as global market is
Dow breaking 12 K level. WE
had feared in our last week issue of The Economic revolution , Gujarati Edition that US
market is on the verge of stamping Bear market soon and DOW
was predicted breaking sentimental 12K level.. Friday Dow
was 220 point down closing below 12000 levels. We could not
post our views in English version of the issue. However, one
can read Gujarati version
to get idea about our views on
Indian as well as global markets.
It is useless to discuss support
and resistance for Monday and
for the week.. When sentiments
are heart, we shall watch maximum bottom that can be hit. But
we also believe that every cloud
has silver lining. Once sensex
bottomed out, traders and investors can start strategically buying and also pick stock of their
choice for their portfolio. While
we talk about likely crash and
bottoming out, we also want to
caution all of you that whatever
pulls back rally and technical
bounce back may be seen after
likely bottoming of sensex, may
not survive for a longer period.
You shall take this opportunities to exit and book profits at
every rise. Market will enter into
consolidation for little longer
period and after 3-6 months market will resume its up trend
again once political stability
finds its way and Inflation start
falling. Final trigger to push the
market up would be Crude oil
prices falling below 122 and
finding its way to stable between
101-117 USD/BBL only. Till
Crude oil rates are above 117
USD / BBL, sharp fall in inflation can not be expected.
In sum, we warn all of you to
stay away from holding long.
Take calculated risk and enter
slowly with low volume. Try to
exit and book profits at every
rise and weekly resistance levels. Be careful till all three points
discussed above are normalized.
( Crude oil prices, Inflation and
political
stability).
We are here and market will go
nowhere is the motto to be kept
in mind.
22-6-2008 to 28-6-2008
6
WEEKLY REPORT CARD
Market Commentary by SHARAD KOTAK
[23rd to 28th June 2008 ]
Date : Jun-20-2008 (Evening)
THE HEIGHT OF POSSIBILITY!
Sensex-11192.46 which was in august
2006
Results
of Jun
2 0 0 8
quarters will
c o m e
good.
Nifty future-3896.90 which was in April
2007
Mcx gold-8739 which was on august
2007
A d vance
tax has
b e e n
grown
by 40%
in the
aprilj u n
Us dollar-43.44 which was on April 2007
Mcx crude oil-3765 which was on February 2008
(Don’t panic on this, this is just result of
analysis and it may or may not possible)
SENSEX-in the last weekly report strong
resistance given at 15500 and index
made high of 15732 and it start its journey to fill the gap of 14455.
2008 quarters.
Previously we have told that index has
broken triangle of 2163 points and last
week report told that “this is only pull
back rally” and it has follow our words.
NEGATIVE FOR MARKETS-
Before completing this triangle index has
strong support levels at 14455 and
13780.
Reserve banks steps toward rates can
affect to topline and bottom line as well
as expansion plan of corporate.
While resistance are 15390-15600.
Cpm may pull down the government.
NIFTY FUTURE-in the last week report
strong resistance of weekly charts given
at 4654 and index made high of 4658
for blink and just crashed 342 points.
THINGS TO WATCH OUT-
If you have carefully read our article then
you could have made at least 300 points
earning.
Reserve bank of India will meet on 29th
june 2008 to review the quarterly monetary policy.
We have also given alert on Friday that
index has made “island reversal” and
index will hit 4254 –rest is the history
after inflation. Don’t forget we have also
told about “triangle “of 616 points in
this case nifty will slide to 4040.
OTHER MATTER –
Before completing this triangle index has
strong support at 4252-4191-two close
below 4191 will take to 4040.
While resistance are 4460-4556-4627.
TABLE OF IMORTANT LEVELS:
INDEX
Sensex
nifty fu
SUPPORT
14455
13780
4254
4191
RESISTANCE
15390
15600
4460
4556
4627
STRATEGY –- there is meeting of federal reserve on 24-25-dow jones technically looks weak-Indian index are entering in to oversold zone on Bollinger
bands-rbi may take action before the
meeting which is on 29 of the month-reliance group is entering in to oversold
zone-looking at the all situation it is
batter to do day trading-we will send
messages to our 3500 subscribers in all
India.
Continue selling by fiis, rising inflation,
political uncertainty.
Federal Reserve will meet for two days
meeting about the rates on 24-25 Jun
2008-we expect rates will be unchanged.
Federal Reserve will start rising the interest rates.
Reserve bank will take its actions to keep
inflation in control.
Indian market faced the blood bath today during the trading session and closed
in deep red with BSE Sensex reached to
its lowest in 2008 due to the high inflation figure that increased more than expectation and reached to 13 year high to
stood at 11.05% for the week ended 7th
June 2008 as against 8.75% in earlier
week. Interest rate sensitive sectors suffered most on the expectations that RBI
may announce some measures to curb inflation, like a hike in interest rates.
The domestic market opened on positive
zone on the back of favorable global cues
but it was not able to sustain the momentum and soon slipped to extremely negative territory since initial bell. Stocks
were hammered further to close in deep
red. Political uncertainty in country also
added to the negative sentiment as CPM
threatened the UPA to withdraw its support if government moves forward with
the deal. Government is planning go
ahead to Nuke deal without the Left consent. All indices closed in negative and
metal and oil & gas stocks were most
unfavorable as most of selling was seen
in these baskets. The market breadth was
extremely negative as 2,247 stocks
closed in red and 450 stocks closed in
green.
Cement (4.71%), Tata Steel (4.66%)
and DLF Ltd (4.57%).
The BSE Sensex closed lower by 516.70
points at 14,571.29 and NSE Nifty ended
down by 156.70 points at 4,347.55. The
BSE Mid Caps and Small Cap closed
negative with fall of 197.74 points and
262.76 points at 6,032.43 and 7,397.66
respectively. The BSE Sensex touched
intraday high 15,202.01 and intraday
low of 14,519.27.
Losers from the BSE are Rel Com Ltd
(6.65%), Reliance (6.61%), HIndalco
(6.37%), JP Assoc (6.03%), Rel Infra
(4.92%), Bharti Airtel (4.76%), Ambuja
The Banking index closed down by
208.40 points at 6,804.78. Losers are
BOI (7.36%), Bank of baroda (6.24%),
Indian Overseas Bank (5.78%), OBC
(5.50%), SBI (4.11%), Allahabad Bank
(4.08%) and Union Bank (4.06%).
The Metal index closed lower by
603.80 points at 14,528.06. Losers are
NALCO (6.75%), Hindalco (6.37%),
Ispat Indus (5.61%), Tata Steel (4.66%),
Sesa Goa Ltd (4.59%), Jindal Steel
(4.52%), and Gujarat Nre C (3.52%).
The Oil & Gas index closed down by
498.96 points at 9,419.86. As Reliance
Nat Res (7.27%), Essar Oil Ltd (6.62%),
Reliance (6.61%), Cairn India (5.69%),
Reliance Pet (5.19%) and Aban Offshore (4.57%) closed in negative territory.
The Capital Goods index dropped by
267.90 points to close at 11,399.79.
Major losers are Praj Indus (6.30%), Kir
Oil Eng (5.74%), Seimens Ltd (5.21%),
Kirloskar Br (4.83%), Crompton Geaves
Ltd (4.72%) and Alstom Proje. (4.68%).
The Reality Index closed lower by
250.79 points at 5,383.81. Losers are
Housing Devel (9.17%) along with
Akruti City (7.14%), Sobha Dev
(6.66%), Parsvnath (6.28%), Penl;and
Ltd (6.17%) and Ansal Infras (5.80%).
The Pharma index dropped by 101.52
points to close at 4,325.40 as Nicholas
Pira (7.93%), Fortis Health (6.73%),
Sunpha Adv (6.26%), Aurbindo Pharma
(5.73%) and Matrix (5.34%) closed in
negative territory.
GLOBAL MARKET:
Dow Jones- we have told blood bath
below 12095 and send message to mobile subscribers that last support is
11990 and rest is history.
Now index has strong multiple support
at 11635-if fed comes out with positive
surprise then expect bounce in that case
it will strong resistance of 12200.
NASDAQ –what was written in last week
report? Below 2439 all USA traders will
become crazy to short and rest is history
In the next few days index has strong
support at 2391-2385 below that it will
slide to 2348-2328
While on up side strong resistance at
2439-2456.
Nikkei- strong resistance of 14569 three
close will take to 15000.
MATTERS TO KEEP IN MIND: While
trading we need to keep following matters in mind some national and international matters will affect the market a
lot so don’t look to charts only look to
external things also.
Index has strong support on intermediates charts at 13896 two close below will
take to 13612-13222.
POSITIVE FOR MARKETS-
Shanghai-support at 2677, resistance at
3140.
Hang sang-strong support at 2309821472, resistance at 23546.
BONUS DECLARED IN LAST FEW DAYS
COMPANYNAME
RATIO
IMP FINANCE
BANK OF RAJASTHAN
LARSEN & TOUBRO
JM FINANCIAL
KAMANWALA HOUSING CONSTRUCTION
SUNDARAM FINANCE
OPTO CIRCUITS INDIA
HOUSING DEVELOPMENT & INFRASTRUCTURE
ARO GRANITE INDUSTRIES
KAASHYAP TECHNOLOGIES
ELF TRADING & CHEMI. MANUFACTURING
SESA GOA
BIOCON
IL&FS INVESTMENT MANAGERS
THAKKER'S DEVELOPERS
CG IMPEX
GUJARAT MINERAL DEVELOP. CORPORATION
SILICON VALLEY INFOTECH
1:01
1:05
1:01
2:03
1:01
1:01
7:10
2:07
1:02
1:06
3:01
1:01
1:01
1:02
1:01
2:01
1:01
1:02
3:1 MEANS, 3 BONUS SHARES FOR ONE SHARE HELD
XBONUS
DATE
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
20/06/08
NA
NA
NA
NA
NA
NA
NA
22-6-2008 to 28-6-2008
7
GRAND SALE OF COMPANY DEFECTIVE STOCK’S AT BUYER’S RATE !!!!!! SENSEX FALL 618 POINTS IN A WEEK
The soaring crude oil prices, high inflation and continued selling pressure by
foreign institutional investors (FIIs)
pulled the market down to its lowest level
in calendar year 2008. Political concerns
over the nuclear deal with US also
weighed on the market sentiment. Sensex
declined in 3 out of 5 trading sessions in
the week ended Friday, 20 June 2008.
The BSE Sensex declined 618.33 points
(4.07%) to 14,571.29 in the week ended
Friday, 20 June 2008. S&P Nifty lost
169.55 points (3.75%) to 4,347.55 in the
week.
The BSE Mid-Cap index declined 195.74
points (3.14% )to 6,032.43. The BSE
Small-Cap index slumped 184.06 points
(2.43%) to 7,397.66.
Interest rate sensitive sectors bore major
brunt of selling. BSE Bankex (down
3.56% to 6,804.78), BSE Auto index
(down 2.1% to 4,042.86) and BSE Realty index (down 5.05% to 5,383.81)
edged lower in the week.
Foreign institutional investors (FIIs)
pressed heavy sales in the backdrop of a
weakening rupee against the dollar. In
June 2008, FIIs dumped shares worth Rs
7,477.80 crore (till 19 June 2008). FII
outflow in calendar year 2008 totaled Rs
22,847.20 crore (till 19 June 2008). On
the other hand, mutual funds were net
buyers of shares to the tune of Rs
1,820.20 crore in the month of June 2008,
till 19 June 2008.
The Sensex rose 206.20 points or 1.36%
at 15,395.82 on Monday, 16 June 2008.
The market ended on a firm note on the
back of firm global markets. However, a
rebound in global crude oil prices pared
strong intra-day gains on that day. Banking and information technology stocks
rallied. However, automobile stocks declined after the Union government raised
excise duty on large cars, multi-utility
vehicles and sports utility vehicles with
an engine cubic capacity exceeding
1500.
IT’SGOOD PULL BACK :- The Sensex
gained 301.08 points (1.96%) at
15,696.90 on Tuesday, 17 June 2008.
Bulls had an upper hand over bears for a
second day in a row with market sentiment boosted by reports of higher advance tax payment by top Indian firms
in the first installment of 15 June 2008,
reports of good monsoon in the initial
phase and easing of oil prices from record
high.
BEAR’S ATTECK FURTHER :- The
Sensex lost 274.59 points (1.75% )at
15,422.31 on Wednesday, 18 June 2008.
Bears attecked back with a vengeance
on the bourses after a sharp rally in the
past two days. Bears used the ploy of
weak European markets and deferral of a
crucial UPA-Left co-ordination committee meeting on Indo-US nuclear deal
scheduled to bring share prices down. The
decline followed a range bound movement on the bourses for a better part of
the day till early afternoon trade.
Sensex lost 334.32 points (2.17%) at
15,087.99 on Thursday, 19 June 2008.
The market succumbed to selling pressure for the second consecutive day. Political concerns and weak Asian markets
weighed on the investor sentiments.
Banking, realty and capital goods stocks
were hurt the most. All the sectoral indices on BSE ended in red.
The 30 share Sensex declined 516.70
points (3.42%) to 14,571.29 on Friday,
20 June 2008. The two key indices,
Sensex and Nifty hit their lowest level of
calendar year 2008 on that day. The market tumbled after the latest data showed
India’s inflation soared to a 13-year high
early this month. High inflation sparked
fears of tighter monetary policy by the
Reserve Bank of India.
HINDALCO :- India’s largest aluminium
producer in sales Industries fall 8.21% to
Rs 161 in the week . Its board on 20 June
2008 approved raising up to Rs 5000
crore by way of a rights issue to redeem a
bridge loan it had taken for acquisition
of Novelis Inc. The ratio for the rights
issue will be 1:3, i.e. one right of Rs 1
each for every three equity shares of Rs 1
each held by the shareholder as on the
record date.
LARSEN & TOUBRO :- India’s biggest
engineering and construction firm in
terms of revenue gain 0.8% to Rs
2637.80 The company on 20 June 2008
said its heavy engineering division had
crossed Rs 1000 crore of order booking
for supply of high tech equipment and
systems in the first two months of the
current financial year.
R COM :- India’s second largest telecom
services provider by sales decline
(9.58%) Rs 491.30 in the week. In another family fight fired between Ambani
brothers, Mukesh ambani controlled Reliance Industries claimed a right of first
refusal to buy a controlling stake in Reliance Communications. Meanwhile,
Reliance Communications (RCom) said,
in a mala fide effort to disrupt the talks,
Reliance Industries (RIL) has sent a communication to MTN, making a false claim
of an alleged right of first refusal to buy a
controlling stake in RCom.
Reliance Communications (RCom) also
threatened to claim damages from Reliance Industries, in case the latter choses
to take legal action against RCom. It
added that RIL’s claim is legally and factually untenable, baseless, and misconceived. Earlier on 26 May 2008, Reliance Communications (RCom) had informed the bourses that it has entered into
exclusive negotiations with MTN Group
for 45 days soon after the South African
giant aborted its talks with the Sunil
Mittal-controlled Bharti group. As part
of a tie-up, Anil Ambani would likely
swap his controlling stake in Reliance
Communications to become the largest
shareholder in MTN.
TATA STEEL :- World’s sixth largest
steel producer loss ( 7.58%) to Rs 777.60.
The company said it has formed a joint
venture with Jasper Industries to set up a
135 megawatt power plant in Orissa. Tata
Steel along with its wholly owned subsidiary Rawmet Ferrous Industries will
hold 26% in the project and Japser Industries will hold the remaining 74%.
average between 1941 and 1990, the
weather office had said in April 2008.
The department classifies rainfall as near
normal when it’s between 96% and 104%
of the 50-year average. Good rains will
bolster farm production which in turn
may help rein in inflation.
STATE BANK OF INDIA :- India’s largest commercial bank lost ( 6.52%) to Rs
1,247.50. The country’s largest lender,
on Saturday, 14 June 2008, decided not
to raise its prime-lending rate. The decision was taken at a meeting of the assetsliability committee (Alco) of the bank
MAHINDRA & MAHINDRA :- India’s
largest tractor maker by sales gained
0.84% to Rs 575.20. The Union government raised excise duty on large cars,
multi-utility vehicles and sports utility
vehicles with an engine cubic capacity
exceeding 1500. As per reports, the additional excise duty will be applicable
on Mahindra & Mahindra’s Renault-Logan, Mahindra Scorpio and Bolero,
Maruti Suzuki India’s Maruti SX4, and
Tata Motor’s Tata Safari, Tata Sumo
MARUTI SUZUKI :- India’s largest car
maker by sales India gained 0.82% to Rs
727.80 in the week.
ICICI Bank (down 3.94% to Rs 734.65),
Infosys (down 1.93% to Rs 1,827.60),
Satyam Computer Services (down 5.37%
to Rs 455.05), Tata Consultancy Services
(down 4.88% to Rs 863.40), HDFC Bank
(down 2.17% to Rs 1,099), Reliance Industries (down 7.57% to Rs 2,096.60)
edged lower in the week.
The infrastructure sector output rose
3.6% in April 2008 from a year earlier,
much lower than an unrevised 9.6%
growth in March 2008, government data
showed on Wednesday, 18 June 2008.
The infrastructure sector accounts for
26.68% of industrial output.
HOPE FOR GOOD PULL BACK :- The
direct tax collections recorded strong
growth in the first two months of this fiscal. As per the Finance Ministry data,
direct tax collections jumped 71.28%
toRs.22840 crore in April-May 2008
over April-May 2007. The growth in personal income tax was 73.05% at
Rs.14690 crore in April-May 2008 over
April-May 2007. Corporate tax collection rose 68% to Rs 8126 crore in AprilMay 2008 over April-May 2007.
The wholesale price index rose 11.05%
in the 12 months to 7 June 2008, government data released on Friday, 20 June
2008, showed. The rate was above market expectation of about 10% rise. The
reading was the highest in 13 years since
6 May 1995, when it was 11.11%.
The June-September south - west monsoon has been 45% above average so far
this season, the Indian Meteorological
Department said on 19 June 2008. Rainfall in the four-month rainy season this
year will be near - normal, or 99% of the
A key UPA-Left co-ordination committee meeting on Indo-US nuclear deal,
which was scheduled on 18 June 2008,
was postponed due to absence of leaders. The meeting is now likely to be held
on 25 June 2008.
A key UPA-Left coordination committee meeting on Indo-US nuclear deal,
which was scheduled on 18 June 2008,
was postponed due to absence of leaders. The meeting is now likely to be held
on 25 June 2008.
GRAND SALE MAY CONTINUE IN
SECOND WEEK WITH FRESH STOCK
FROM FACTRIE
FII selling may keep sentiments weak
selling by foreign funds, rising inflation,
high crude oil prices and political uncertainty will melt the sentiment of the investors in the near term. However, expectations of good Q1 June 2008 results may
trigger a recovery from lower level after
a recent steep fall in share prices. The
two key indices Sensex and Nifty – struck
their lowest level of calendar 2008 on
Friday, 20 June 2008.
GOOD PAY OUT TO NATION :- The
government’s advance tax collections are
estimated to have grown at close to 40%
in the April-June 2008 quarter. Advance
taxes are a good indicator of the corporate India’s profitability and healthy collections reflect the bottomline growth.
Companies have to pay advance tax in
four installments – the first, accounting
for 15% of the estimated tax liability for
the entire year. The government has received the first installment of the advance
tax for corporate taxpayers by 16 June
2008.
BANIYA ( Y.V.REDDY ) WILL
HURTE BORROWER :- Reserve Bank
might intervene to contain inflation,
which reached highest level in 13 years
early this month. The wholesale price
index rose 11.05% in the 12 months to 7
June 2008, government data released on
Friday, 20 June 2008, showed. The rate
was above market expectation of about
10% rise. The reading was the highest in
13 years since 6 May 1995, when it was
11.11%.
Continue on ...8
22-6-2008 to 28-6-2008
8
MARVELOUS RESEARCH
Conti. from ...7
PREPAIRE FOR AN OTHER BLACK MONDAY
TRADING LEVEL’S FOR MONDAY 23RD JUNE 2008 SALE SALE SALE ..
rein growth in prices. But such expectations were trimmed after a series of media reports earlier this week cast doubt
on how aggressively the Fed may raise
rates this year, and whether the central
bank will boost rates in the near term.
POLITICAL FEAR Political uncertainty
may continue to haunt the bourses. As
per reports, CPM, a key left party, may
be working on a plan to pull out support
to the Congress-led UPA government at
the Centre. Left parties have threatened
to pull support to the government if it
took further steps on the Indo-US nuclear
deal. Left parties are opposing the agreement, saying it undermines India’s independent foreign policy and nuclear weapons program
BSE SENSEX CLOSE AS ON 20th JUNE 2008
NSE CLOSE AS ON 20th JUNE 2008
Political uncertainty may continue to
haunt the bourses. As per reports, CPM, a
key left party, may be working on a plan
to pull out support to the Congress-led
UPA government at the Centre. Left parties have threatened to pull support to
the government if it took further steps on
the Indo-US nuclear deal. Left parties are
opposing the agreement, saying it undermines India’s independent foreign policy
and nuclear weapons program
F.I.I. ACTIVITY:(FIIs) have sold heavily Indian stocks this
month in the backdrop of a weakening
rupee against the dollar. In June 2008,
FIIs dumped shares worth Rs 7732.50(till
20 june 2008 ) PULLED OUT
calendar year 2008 totaled Rs 23352.80 till
june 2008 )the other hand, mutual funds
were net buyers of shares to the tune of
Rs 1,919.90 crore in the month of June
2008, till 18 June 2008.
HUM YUMAHRE HAWALE HAI
MR.REDDY
The quarterly monetary policy review of
RBI is scheduled on 29 July 2008 but it
may take a call much earlier with inflation hitting the roof. Reserve Bank of
India had on Wednesday, 11 June 2008,
hiked repo rate by 25 basis points to 8%
with immediate effect in an effort to contain rising inflation.
A further hike in rates would impact
bottomline of Indian companies. Also
high interest rates may delay expansion
plans of corporates, which in turn may
impact future earnings growth.
CAUSE OF CONCERN :- Rising crude
oil remains a major worry as India imports close to 70% of its crude requirements. US crude for July delivery settled
down $4.75, or 3.48%, at $131.93 per
barrel on the New York Mercantile Exchange on Thursday, 19 June 2008. The
oil price has
surged about 40%
in this calendar
year so far.
25 June 2008.There had been speculation that the Fed may start lifting interest
rates steeply as soon as August 2008 to
A good news is that the June-September
southwest monsoon has been 45% above
average so far this season. Rainfall in the
four-month rainy season this year will be
near-normal, or 99% of the average between 1941 and 1990, the weather office
had said in April 2008. The department
classifies rainfall as near normal when it’s
between 96% and 104% of the 50-year
average. Good rains will bolster farm production which in turn may help rein in
inflation.
MARVELLOUS SMS CLUB MEMBERSHIP
FED IFEACT The
market will closely
watch the policy
statement of the
US Federal Reserve
to gauge the outlook on US interest
rates. The Fed is
widely expected to
keep interest rates
unchanged at its
two-day meeting
on 24 June 2008-
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
22-6-2008 to 28-6-2008
9
KSK Energy Ventures Limited
KSK Energy Ventures Ltd’s
IPO opens on June 23
Hyderabad, Jun 21 (UNI) KSK
Energy Ventures Limited, a
company developing and operating power plants, will enter the
capital market with a public issue of 3,46,11,000 equity shares
of Rs 10 each through 100%
book-building process.
The price band has been fixed
at Rs 240 to Rs 255 per equity
share of Rs 10 each. The issue
veloping and operating power
plants. KSK Energy supply
power to a combination of industrial
KSK Energy Ventures Limited
and state-owned
Issue Open: June 23, 2008 to June 25, 2008
consumers in InIssue Type: 100% Book Built Issue . (Initial
dia.
Public Offer IPO)
KSK Energy have
operational power
Issue Size
: equity -3,46,11,000
plants capable of
Issue Size: Rs. 833 crores
Post issue paidup capital:-25.5
generating 144
Face value of the shar: Rs.10
MW of power and
Offer price : Rs. 240-255
are currently conMinimum Investment : 25 Share in in mul
tiples of 25 share
structing, developMaximum Subscription : 375 Shares,
ing or planning
Rs. 1,00,000
Promotors :
S.Kishor, K.A.Shastri, K.S.K. power projects caEnergy Ltd.
pable of generatRegistrar of the Issue : Karvy Computershare ing an aggregate
Pvt Ltd
of 8,993 MW of
Lead Managers:Kotak Mahindra, IDFCpower, which they
SSKI, Morgan Stanley, Lehman Brothers &
Edelweiss CapitalLtd
sell or intend to sell
Check drown “Escrow Account - KSK Public
under a combinaIssue R” For Retail Category
tion of long-term,
Website: www.KSK.com
medium-term and
short-term power
purchase agreeopens on June 23 and closes on
June 25, 2008. The issue will
constitute 10% of the post-issue
equity share capital of the company, The details of the company is give herewith.
INTRODUCTION OF THE
COMPANY
Incorporated in 2001, KSK Energy Ventures Limited is a power
project development company
in India, with track record of de-
Financials
• 2008 – Sales Rs 239 Crores, PBT of 135 Cr and PAT of 108.6 Cr
• Substantially sales uplift on account of revenue from commissioned projects as well as other income - unlock of GMDC Investments value
•Loss on sale of subsidiary – 5 Cr Divestment
• 660 Cr of Net worth, 1250 of Debt ( from underlying SPV level)
• With VS Lignite commissioning in current calendar year and
Wardha Warora in the next, financials to see an upward lift from
2000 Cr B/s size to 3650 of executed projects.
KSK Business – Key Differentiators
• Visible Portfolio – mix of operational, advanced construction,
financing and planned
• Credibility endorsement by blue chip Industrial customers –
only proven players with captive supplies model ( 100% economic interest)
• Secured Feed stock – Not only the project being funded by IPO
proceeds, three additional 1800 MW projects each backed by
fuel access through collaboration
• Not a merchant power company on the growth curve, sustainable integrated power generation model and raw material risks
reasonably addressed
• Promoted and managed by first generation professionals, grown
through the reform curve with support of experts and professionals
• KSKEV is exclusive Power Generation vehicle for all group
initiatives in India and multiple group companies to support
SPV format of execution
Particulars
Total Income
Profit After Tax (PAT)
ments (“PPAs”) to industrial and
state-owned consumers.
KSK energy power projects
are as follows
Three power plants (aggregating 144 MW)
that are fully operational:
Arasmeta, a 43 MW coal
based power plant in
Chhattisgarh;
Sai Regency, a 58 MW
natural gas based power plant in
Tamil Nadu;
Sitapuram, a 43 MW coal based
power plant in Andhra Pradesh.
Two power projects (aggregating 675 MW) that are under
construction:
VS Lignite, a 135 MW lignite
based power project in
Rajasthan;
Wardha, a 540 MW coal based
power project in Maharashtra.
Three power projects (aggregating 1,973 MW) under development for which they have either Secured Debt Financing or
Entered into Term Sheets and
are Negotiating Debt Financing Agreements:
Arasmeta Expansion, a 43 MW
expansion of the existing
Arasmeta power plant;
Wardha Chhattisgarh, a 1,800
MW coal based power project
in Chhattisgarh;
KSK Dibbin, a 130 MW, a run-
of-the-river hydro-electric
power project in Arunachal
Pradesh.
Five power projects (aggregating 6,345 MW) that are
based power project in Orissa;
Wardha Naini, a 1,800 MW coal
based power project in Orissa;
Kameng Dam, a 600 MW runof-the-river hydro-electric
power project in Arunachal
Pradesh;
Kameng Basin projects, a group
of seven run-of-the-river hydroelectric power stations aggregating 345 MW in Arunachal
Pradesh.
Investment rational
Producer of power plants in India lots of its projects are yet to
finalize, so big waiting periods
before it translets in to profits
huge debts and other income in
Balance Sheets. Higherly prised
makes investment unattractive
in this down trend market.
Objects of the Issue:
of the Issue are to achieve the
benefits of listing on the Stock
Exchanges & to raise capital to:
Investment in Wardha Power
Company Private Limited, a
Subsidiary, to finance the equity
component of the 1,800 MW
coal-based thermal power plant
at Wardha Chhattisgarh (the
“Wardha Chhattisgarh”);
Investment in KSK Dibbin Hydro Power Private Limited, a
Subsidiary, to finance the equity
component of the 130 MW runof-the-river hydro power plant
at Dibbin, Arunachal Pradesh
(the “Dibbin Project”);
Repayment of corporate loans;
General Corporate Purposes;
Meeting the Public Issue Expenses.
Somi Conveyor Beltings Ltd
Somi Conveyor Beltings Ltd
will enter the capital markets
on June 24
as manufacturing, food processing, and heavy industries.
The main user industries for
Rubber Conveyor Belts are cement, steel, power, fertilizer,
coal mines, mineral mines,
chemicals and recently, food
Somi Conveyor Beltings Ltd
will enter the capital markets on
June 24 with an issue of
62,27,860 equity
shares of Rs 10 each
at a fixed price of Rs Somi Conveyor Beltings Ltd.
35 aggregating to Issue Open: June 24, 2008 to June 27, 2008
Rs 21.8 crore.
The issue comprises a contribution by promoters of
14,99,286 shares
aggregating to Rs
5.25 crore. This
leaves a net issue to
the public of
47,28,574 shares
aggregating to Rs
16.55 crore, including an allocation of
10 per cent to qualified institutional
buyers.
Issue Type: 100% Book Built Issue . (Initial
Public Offer IPO)
Issue Size
: equity -62,27,860
Issue Size: Rs.22 crores
Post issue paidup capital:-40 %
Face value of the shar: Rs.10
Offer price : Rs. 35
Minimum Investment : 200 Share in in mul
tiples of 200 share
Maximum Subscription : 2800 Shares,
Rs. 1,00,000
Promotors :
Omprakash Bhansali, Vimal
Bhansali, Gaurav Bhansali.
Registrar of the Issue : Mondkar Computers
Pvt
Ltd
Lead Managers:Ashika Capital Ltd
Check drown “Escrow Account -Somi
Conveyor- Public
Issue R”
For Retail Category
The net issue to the Website: www.KSK.com
public would constitute 40 per cent of the fully grade belts have been introdiluted post issue paid up capiduced, which are being used by
SOMI CONVEYOR BELTINGS LTD’S FINANCIAL INFORMATION
Particulars
For the year/period ended (Rs. in lacs)
31-Mar-07
31-Mar-06
31-Mar-05
31-Mar-04
31-Mar-03
1548.01
134.99
1205.10
95.26
747.02
10.84
364.42
6.33
97.89
0.78
Total Income
Profit After Tax (PAT)
planned:
KSK Narmada, a 1,800 MW coal
based power project in
Chhattisgarh;
JR Power, a 1,800 MW coal
KSK ENERGY VENTURES LTD’S FINANCIAL INFORMATION
For the year/period ended (Rs. in lacs)
30-Sep-07
31-Mar-07
31-Mar-06
31-Mar-05
31-Mar-04
8,130.10
1,196.79
9,281.63
1,886.16
3,742.65
727.11
3,355.36
651.40
2,755.54
10.24
tal. The issue closes on June
27.All details of the issue is
given
herewith.
INFORMATION OF THE
COMPANY
Incorporated in 2000, Somi
Conveyor Beltings Limited
(SCBL) is a manufacturer and
exporter of Rubber Conveyor
Belts of all grades for material
handling. Conveyor belts are
used in a wide variety of material transport applications such
tea gardens and salt manufacturers. These belts are also used for
material handling of finished
goods in packaging lines.
The Company’s unit is located
at RIICO, Sangaria Industrial
Area, District Jodhpur,
Rajasthan. The Company commenced its commercial production in February 2002 with an
initial capacity of 36,000 running meters of conveyor belts
Continue on ...11
22-6-2008 to 28-6-2008
10
GOOD
LONGTERM
BET
SUNIL HITECH ENGINEERS
Sunil Hitech Engineers (SHEL) specializes in Fabrication, Erection, Testing &
Commissioning of Thermal Power Plants
with high precision quality and timeliness.
The company provides different types
services to players in power and steel
sector. For thermal power plant it provides fabrication & erection of super
structures up to 660 MW. It also takes
up civil works for thermal power stations
up to 500 MW. Besides this it is involved in the fabrication and erection
of steel chimney flues. The company
also takes turnkey contract for fuel oil
systems including tanks. For Hydro
Power plants it takes up civil and hydro
mechanical works. In transmission and
distribution business the company takes
up erection of EHV transmission lines
& substations up to 132 kV, 200 kV,
400 kV. The company also provides
operation and maintenance related services to power plants. The services include renovation of boilers and auxiliaries, repair, modification and rehab for
utility boilers of 210/500 MW, pressure
parts, milling system, rotating parts,
ducting, HP/LP piping work. Apart from
power sector the company is also taking up fabrication and erection of technological structures for steel plants. The
manufacturing business of company includes Design and Supply of Reheater
Coils, LTSH Coils, Economizer Coils,
Pressure Parts Bends, Water Walls, Structures, Tanks and Vessels, Heaters, Piping, Supply Boiler Pressure Parts Tubes
for 210/500 MW.
Further, the government has continued
with its policy of boosting the power
sector with the announcement of two
more Ul;tra Mega Power Projects
BHARAT BIJLEE
Bharat Bijlee Limited is one of the leaders in the electrical engineering industry in India. A multi-product, multi-division organization, the company operates in two business segments, Industrial Products which comprises transformers, motors and drives; and Contracting, i.e Projects. A pioneer in electrical engineering in the private sector,
BSE Code : 532711
Current Price : Rs. 221.20
Equity : 12.28 Crore
(UMPP) and five other power projects in
the 2007-08 Budget. In addition, there is
a provision to setup merchant power
plants through the participation of private developers in transmission projects.
This will increase the pace of power distribution projects due to easy availability of funds. SHEL has already made a
joint bid for the BOP (Balance of Plant)
work for the Mundra UMPP. Each UMPP,
of 4000 MW has potential BOP work of
around Rs 640 crore. This stands to be
huge untapped opportunity for SHEL.
Order book as on 31st Jan'08 stand at Rs
800 crore (Rs 500 crore last year). Further break up of order book:-Power Generation (Balance of Plant (BOP)) Rs 640
crore, Power Transmission & Distribution
Rs 90 crore, Steel Rs 40 crore, Hydro plant
Rs 35 crore.
SHEL's clients include a mix of government and private companies. The list of
a few clients include National Thermal
Power Corporation, Bharat Heavy
Electricals, Maharashtra State Power Generation Company, Reliance Energy,
Madhya Pradesh State Elect Board,
Jindal Steel & Power, Shandong Elec
Power Const Corp (China), Chattisgarh
State Elect Board, Dodson-Lindblom International Inc (USA), Sterlite Inds
(BALCO) Rashtriya Ispat Nigam,
Rajasthan Vidyut Utpadan Nigam.
Sales and NP for year ended 07 - 08 were
306.3 Cr & 21.6 Cr. Sales and NP for latest Quarter 112.4 Cr & 7.3 Cr.
On YOY basis NP has increased by 179%
& based on quarter latest its increased by
122%
One can buy this stock at current price
for a target of 300 - 310 in medium term.
BSE Code : 503960
Current Price : Rs. 1802.30
Equity : 5.65 Crore
the company has a reputation for quality
which characterises every facet of its activities.
Bharat Bijlee Ltd (BBL) was incorporated in 1946 to manufacture electric
motors. In 1958, it forayed into manufacture of transformers in collaboration
with Siemens (Germany) for manufactur-
ing motors and transformers at its plant
in Thane. In 1965, BBL commenced
manufacturing heavy duty transformers.
In 1972, the company set up its lifts division in technical partnership with
Schindler (Switzerland) and was subsequently divested in FY05 to Kone Elevators P Ltd. The downturn in industry
during the 1998-2002 period, continued
stagnation in investments by the state
electricity boards (SEBs) in generation
& transmission capacities and undercutting by players to garner business severely impacted the company's fortunes.
Since then, reforms in the manufacturing
and power sectors with a renewed thrust
on creation of generation and transmission capacities resulted in the company
witnessing a turnaround. Concurrent to
the turnaround, BBL also divested the
lifts division.
Bharat Bijlee's plant is located on a
1,93,000 sq. mtrs campus, with a working area of approximately 50,000 sq.mtrs.
ABG SHIPYARD
ABG Shipyard Ltd., the flagship company of ABG group was incorporated in
the year 1985 as Magdalla Shipyard Pvt.
Ltd. with the main objects of carrying
Shipbuilding and Ship Repair business.
In a span of 15 years from the year 1991,
the company has achieved the status of
the largest private sector shipbuilding
yard in India with satisfied customer base
all around the world. The registered office and the yard are situated at Surat in
the state of Gujarat and the corporate office is in Mumbai.
Their shipyard has state of the art, manufacturing facilities including a "Ship-lift
Facility" with a lift capacity of 4500 tons,
side transfer facilities, CNC plasma cutting machine, Bending rolls, Hydraulic
press, Cold shearing machine, Frame
bending machine and steel processing
machinery. The Shipyard also has blasting shop and fabrication shop covered
in 4 bays of 150 x 30 M each equipped
near Kalwa, Mumbai. It has its regional
offices at Mumbai, Delhi, Bangalore and
Kolkata and a national network of sales
and service offices.
Bharat Bijlee continues to grow from
strength to strength. By building on diverse engineering and managerial capabilities, it is now amongst the foremost
manufacturers of electrical and related
equipment in India
Sales and NP for year ended 07 - 08 were
562.3 Cr & 72.5 Cr. Sales and NP for latest Quarter 199.3 Cr & 31.2 Cr.
On YOY basis NP has increased by 29%
& based on quarter latest its increased by
6%
Dividend during year ended 07 - 08 was
300 %
One can buy this stock at current price
for a target of 2300 - 2350 in medium
term.
BSE Code : 532682
Current Price : Rs. 390.05
Equity : 50.92 Crore
with 20T EOT Cranes. The manufacturing process is in line with world-class
standards and the Yard is certified by
DNV for ISO 9001:2000.
During past decade, the Shipyard has
constructed and delivered Ninety-Five
(95) Vessels including Specialized and
Sophisticated vessels like Interceptor
Boats, Self Loading and Discharging
Bulk Cement Carriers, Floating Cranes,
Articouple Tugs and Flotilla, Split
Barges, Bulk Carriers, Newsprint Carriers, Offshore Supply Vessels, Dynamic
Positioning Ships, Anchor Handling Tug
Supply Vessels, Multi-purpose Support
Vessel, Diving Support Vessels, etc. for
leading companies in India and abroad.
The Shipyard has executed many prestigious Shipbuilding and Ship-repair contracts against stiff International Competition for both Export and Domestic Markets. All these vessels have performed
Continue on ....10
22-6-2008 to 28-6-2008
Lion’s Roar Conti. from ...1
broken and new bottom will be created. So catching a stock at its bottom will be equivalent to catching
a falling knife.
Inflation.
Inflation which came in at a whopping 11.05%, suggest that there will
be no respite from the inflation and
it will continue its upward rise and
thus putting the Government in
catch-22 situation.
In order to control inflation, the RBI
will continue with its interest rate
hikes. But this will push the growth
of the economy on the back burner.
Anyway the effects which were visible in the poor results of
companies in the last quarter, will now get more pronounced. So the markets are
likely to continue its downward journey.
Dow Theory.
According to Dow Theory,
we have completed the second phase of the down trend
and are now entering the
third phase. In the second phase,
the effects of the slowdown are visible in the results and profitability
of the companies.
As seen in the last quarter our results are deteriorating further. The
economy on the whole starts looking negative and here we have inflation at 13 year and the growth
now subsiding considerably. The
interest rate hikes are continuing.
All this suggest now we will enter
the third phase, which will be the
panic stage.
In this stage people sell whatever
they hold at any levels out of sheer
fear and panic. They lose their trust
from the market and the companies
in general. This is the third
and final stage of correction,
after which the new bull
market will resume. But
please note that this third
stage will be very painful
and long. It will be long
winter before the sun comes
out again and till then the
Bears will rule supreme.
Technicals.
Technically both Sensex
and Nifty has formed Bearish Head & Shoulders pattern, which suggest that the
downfall will be more severe and pronounced than
what we imagined before.
The target for the Sensex
11
falls at 12225 and for the Nifty it is
at 3700. Before falling to these levels, Sensex has some support at
14200 and 13887 and Nifty has
some support at 4280 and 4004.
According to Gann theory, the Support for Nifty falls at 4135 and for
the Sensex at 13887. If you see the
Sensex has fallen with a Breakaway
gap between 15390 and 15259,
which suggest that this is a new rally
downwards. So better watch out.
These levels will be respected for
sometime only. But these levels will
be just another milestones on the
way down.
Derivatives.
EAFLE’S EYE
Conti. from ...4
pure information and guidance for helping you to take better and best decision
for investment and trading……..Those
who were regularly reading our article
“BAAZ NAZARE”….can understand
why we are writing this…………… After every rise market is making new
bottoms…….but our stock future recommendations and delivery based recommendations has always performed very
very well and given healthy,safe and
fruitful returns……..
Though we ourselves are giving recommendations….. We are telling you the
bitter truth that “ There are lots of analyst and lots of people who are giving
recommendation……Suddenly (like Inflation) many websites and people (Said
analyst) giving recommendations”
……….So take care of your hard earned
money, take care of your investments, be
cool in trading and be cautious at every
levels…..Do business according to your
capacity only. Think twice, read repots
before making any new commitments for
long term in any particular scripts.
Best wishes for healthy, safe and productive returns from this unpredictable and
volatile
Indian
stock
markets……………..
Derivative data suggest there is considerable amount of short positions
in the Nifty and Index based front
line stocks.
Short build is increasing in the Realty, Banking and Financial Stocks.
Even Capital goods are not being
spared. So please short on whatever
rise you might get.
The 4400 and 4500 Calls are being
written, which suggest that these
levels will be difficult to conquer.
STOCKS TO HAMMER NEXT
WEEK:
1. IVR Prime 201, SELL with SL
210 TGT 192-175-150.
2. LIC Housing 277. SELL with SL
292 for TGT 251-233.
MARKET SUMMERY
Conti. from ...1
risinginflation may RBI to take
immidiate actiion as to increase in CRR,
or repo rate, this will impact bottomline
of Indian companies. Also high interest
rates may delay expansion plans of
co;rporates which in turn may impact
future earnings growth. Their is some
silverlining amidst of dark clouds A good
news is that the June -September south
ward monsoon hgas beenb 45% above
average so far this season his year willbe
near normal.Secondly, the govt’s advance tax collection are estimated to have
grown at close to 40% in the April-June
2008 quarter Advanc taxes are a good
indicator of the corporate India’s profitability and healthy collections reflects
the bottomline growth.
According to obergatiions made by market analuyst, between 1992 and 2006 the
sensex has scaled new peacks and have
seen bove seven large falls of more them
25% .Six months after every nose dive
the markets has recovered with renewed
vigour, barring in 1992 andin 2000,when
the Harshad Mehta and Ketan Parikh
scams, respeftively played spoilsport. If
on etakes a sneak view of the lat two correction during september 2004 and May
2006 the investors after six months received retuns of 33.55% and 48.45% respectively . Currently the Sensex has once
again nose-dived and is 30% below the
January 10 2008 mark. At the current scenario who prepared to bear at least 10 to
15 % loss can enter the market for 6 to 9
months for 30 to 40 per cent eturn. As
there is possibility fo further fall but it
will may bounce back after that.
PRIMERY MARKET
Conti. from ...9
per annum, which was gradually increased to 72,000 meters per annum. Over
the years, the capacity of the unit has increased to 1,67,660 meters.
Somi Conveyor Beltings Ltd’s sister concerns are:
Earth Mover Enterprises
Oliver Micon Inc.
INVESTMENT RATIONAL
Facing competation from gaints like
MRF, Appollo, Andrew Yule which will
effect companies growth ability. Havily
dependent on nature as main raw material rubber’s production is effected by
nature as well as its other appliction will
effect on its price. In a down-trend Market Rs. 35 is also high prise.
Objects of the Issue:
The objects of the Issue are to achieve
the benefits of listing on the Stock Exchanges & to raise capital to:
Setting up of new manufacturing unit;
Purchase of Land and Building for the
office premises;
Meeting margin money required for the
enhanced working capital;
To meet the working capital requirement;
To meet expenses of the Issue in order to
achieve the benefits of listing on the
Stock Exchanges;
General corporate purposes.
BUZZING STOCK Conti. from ....10
very well, thus establishing its reputation for building and delivering vessels
of the best quality at competitive prices
and delivery periods. The Ship Repair
Division has successfully repaired and
refurbished Dredgers, Ethylene Carriers,
Bulk Carriers, Offshore Supply Vessels
and Coast Guard Vessels.
They are now setting-up a new shipyard
with state of art manufacturing facilities
including Two (2) Nos. 400 Mtrs. long
Newbuilding dry-docks allowing us to
build all kinds of vessels upto 120000
DWT.
Sales and NP for year ended 07 - 08 were
704.4 Cr & 116.2 Cr. Sales and NP for
latest Quarter 275.0 Cr & 47.1 Cr.
On YOY basis NP has increased by 39%
& based on quarter latest its increased by
61%
Dividend during year ended 07 - 08 was
15%
One can buy this stock at current price
for a gain of 30 - 40 % in medium term.
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.
22-6-2008 to 28-6-2008
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.
Today, I have given levels for 8
stocks, 3 commodities and 5 important world indices. This should give
you some indication about the
shape of things to come.
Position trading entry levels as well
as stoplosses should be considered
as triggered when the level is consistently breached for a minimum
period of 15/20 minutes. Also
breaching of the level in the opening / last 15 minutes of trade should
not be considered at all.
Stocks
Trading levels for
23 rd /27 th June
2008 . . .
Last 6 weeks – since crude broke
past 120 dollars – I have been writing about drop in GDP projections
to 7 % from 8 to 8.5 % mentioned
by everyone earlier. This means
our P/E ratio for the market as a
whole will have to be scaled down
atleast by one to two ……… which
will knock off 7 to 10 % from the
projected prices even if individual
stocks perform as expected. Please
bear this in mind while taking investment decisions.
I am now available on yahoo messenger on most of the trading days
and you can add me on your yahoo messenger. My yahoo id is
madhavranade1
Please call me if you have any
doubts or you need levels for
some other stock. I am available
on 09371002943 or on
[email protected]
Commodities
WEEKLY SUPPORT AND RESISTANCE LEVELS
ANURAG GUPTA
MOBILE : 9255191643
SYMBOL
CLOSE
NF JUNE
4335.30
ADLAB FUTURE
522.25
ABB FUTURE
3412.90
ACC FUTURE
625.00
BANKBARODA FUTURE 225.60
BEL FUTURE
1126.05
BEML FUTURE
913.05
BHEL FUTURE
1407.30
BOMDYEING FUTURE
662.00
BPCL FUTURE
265.00
CANBK FUTURE
195.00
CENTURYTEX FUTURE
554.55
CIPLA FUTURE
208.75
DABUR FUTURE
95.60
DIVISLAB FUTURE
1448.30
DRREDDY FUTURE
657.80
GAIL FUTURE
279.80
GRASIM FUTURE
2157.25
HCLTECH FUTURE
267.10
HDFC FUTURE
2170.05
HDFCBANK FUTURE
1087.15
HDIL FUTURE
527.65
HEROHONDA FUTURE
740.10
HINDUNILVR FUTURE
225.20
IDFC FUTURE
119.25
IDBI FUTURE
75.25
IFCI FUTURE
50.30
HINDPETRO FUTURE
196.30
I-FLEX FUTURE
1254.35
ICICIBANK FUTURE
728.75
INDIACEM FUTURE
160.45
INFOSYSTCH FUTURE 1832.40
IOC FUTURE
370.10
ITC FUTURE
197.55
IVRCLINFRA FUTURE
346.95
LT FUTURE
2555.60
M&M FUTURE
570.30
MARUTI FUTURE
726.50
MTNL FUTURE
94.40
NDTV FUTURE
421.50
ONGC FUTURE
860.35
ORIENTBANK FUTURE
154.60
PARSVNATH FUTURE
152.05
PRAJIND FUTURE
183.80
PUNJLLOYD FUTURE
242.10
PATNI FUTURE
235.65
RANBAXY FUTURE
543.65
RELINFRA FUTURE
955.25
RELCAPITAL FUTURE
1019.05
RELIANCE FUTURE
2099.00
RNRL FUTURE
82.80
SATYAMCOMP FUTURE 456.50
SOBHA FUTURE
361.00
SBIN FUTURE
1234.30
TATAMOTORS FUTURE 487.40
TATAPOWER FUTURE
1250.85
TATATEA FUTURE
744.55
TCS FUTURE
862.45
TATASTEEL FUTURE
777.05
TITAN FUTURE
1062.05
UNITECH FUTURE
183.80
TATACOM FUTURE
382.15
WIPRO FUTURE
469.40
ZEEL FUTURE
222.25
FROM 16 June TO 21 June, 2008
TREND
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BEARISH
BEARISH
BULLISH
BULLISH
BEARISH
BULLISH
BULLISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BEARISH
BULLISH
BULLISH
RES2
4778.43
629.95
4015.43
689.67
270.80
1271.78
1026.88
1684.77
829.00
298.33
220.33
671.52
227.98
103.90
1703.43
759.80
388.07
2283.68
306.93
2415.28
1250.65
659.15
791.57
241.47
150.65
86.58
62.93
209.63
1453.45
864.78
175.15
1980.47
395.00
210.85
411.32
2984.20
589.40
779.37
101.33
537.17
913.75
174.20
185.95
213.67
295.43
259.22
638.95
1198.82
1280.58
2443.87
102.47
510.83
439.97
1445.03
556.37
1360.95
832.68
958.72
902.22
1193.68
222.43
458.72
496.70
262.75
Email : [email protected]
RES1TRENDLEVEL SUPP1 SUPP2
4556.87 4436.43 4214.87 4094.43
576.10
547.15
493.30 464.35
3714.17 3544.58 3243.32 3073.73
657.33
636.67
604.33 583.67
248.20
236.20
213.60 201.60
1198.92 1152.03 1079.17 1032.28
969.97
939.98
883.07 853.08
1546.03 1471.27 1332.53 1257.77
745.50
700.30
616.80 571.60
281.67
269.73
253.07 241.13
207.67
199.33
186.67 178.33
613.03
581.52
523.03 491.52
218.37
211.83
202.22 195.68
99.75
96.50
92.35
89.10
1575.87 1506.43 1378.87 1309.43
708.80
679.95
628.95 600.10
333.93
353.57
299.43 319.07
2220.47 2182.78 2119.57 2081.88
287.02
275.78
255.87 244.63
2292.67 2214.38 2091.77 2013.48
1168.90 1122.95 1041.20 995.25
593.40
556.75
491.00 454.35
765.83
749.67
723.93 707.77
233.33
228.62
220.48 215.77
134.95
126.65
110.95 102.65
80.92
77.83
72.17
69.08
56.62
53.13
46.82
43.33
202.97
196.23
189.57 182.83
1353.90 1294.45 1194.90 1135.45
796.77
754.98
686.97 645.18
167.80
162.90
155.55 150.65
1906.43 1863.97 1789.93 1747.47
382.55
374.30
361.85 353.60
204.20
198.75
192.10 186.65
379.13
360.62
328.43 309.92
2769.90 2651.70 2437.40 2319.20
579.85
568.45
558.90 547.50
752.93
731.47
705.03 683.57
97.87
95.68
92.22
90.03
479.33
426.17
368.33 315.17
887.05
861.30
834.60 808.85
164.40
158.20
148.40 142.20
169.00
159.50
142.55 133.05
198.73
189.47
174.53 165.27
268.77
254.13
227.47 212.83
247.43
240.57
228.78 221.92
591.30
564.20
516.55 489.45
1077.03 1007.72
885.93 816.62
1149.82 1075.68
944.92 870.78
2271.43 2177.37 2004.93 1910.87
92.63
87.02
77.18
71.57
483.67
467.83
440.67 424.83
400.48
380.02
340.53 320.07
1339.67 1282.33 1176.97 1119.63
521.88
501.52
467.03 446.67
1305.90 1271.95 1216.90 1182.95
788.62
760.43
716.37 688.18
910.58
876.57
828.43 794.42
839.63
805.42
742.83 708.62
1127.87 1067.93 1002.12 942.18
203.12
191.68
172.37 160.93
420.43
400.22
361.93 341.72
483.05
472.20
458.55 447.70
242.50
230.75
210.50 198.75
PLEASE UNDERSTAND BEFORE YOU TRADE
TRADING GUIDELINES (or how to trade using this sheet):
World indices
Continue on ...8
1. This model is based on the premise that the TREND LEVEL is the most important price level that
decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind,
the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply,
volatility and market sentiments prevailing in the market. Hence its importance in intraday trading.
2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally
High and Avoid SELLING if prices open too low.
3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the
resistant level (res1 and res2)
4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near
the support level (sup1 and sup2)
5. STOP LOSS: Since you are aware of the ‘potential returns’ at the time of initiating an intraday trade
(difference between the entry price and profit targets), you should set up an appropriate STOP LOSS
around 1% above below of the trade price to protect yourself if the market turns and goes against you.
6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a
stop loss level, and find during the course of the trading day that the market turns and goes the other way
and crosses the TREND LEVEL, then trade again:
.For
instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to
lower price levels, then GO SHORT.
.
And, if your first trade was a SHORT trade, and the market price rises through the TREND LEVEL to
higher price levels, then GO LONG.
22-6-2008 to 28-6-2008
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.
ELL NIFTY FO @ 4347
SL 4250 TGT @ 4460
BEFORE JULY 2008
SENSEX – 14571 as on
20.6.08
Dear Friends,
Sensex has resistance at
14700 Level with highly
Volatile Trend; above
MARKET MAY
BOTTOMOUT NEXT WEEK
which other resistance levels are at 14850 In downside support levels are at
14350 levels; below 14250
level, other support levels
are at 14150 levels. I am
negative for next week below 1420 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 15050
again then the upper
side target is quite high
and it may touch
15500 before June
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
DIAMOND STOCKS FOR THE WEEK
1.
13
Aiswarya Tele : ( 46) : Buy at Rs 42 levels considering minor support of Rs 40 and stoploss
of Rs 38 for an upper target of Rs 60 levels. Below Rs. 38 it can slide upto RS 36 and RS 34
levels.
2. Orissa Sponge : (251 ) : Operator based buying has been there in this stock. It is suggested
to buy at RS 240 with SL of RS 235 for the target of Rs 265; below RS 230 it can fall up to
RS 225 levels. If it crosses Rs 268 level than expect non stop rally up to Rs 275
3. Areva T & D: (1367 ) : This stock is looking very good to buy at Rs 1345 with SL of RS
1330 for the target of RS 1450 levels below Rs. 1320 stock shall witness free fall.
4. O N G C : (866 ) : Buy delivery of this stock at current levels with SL of Rs 840 for the target
of Rs 920 level. It is very good for long term position also.
5. Prajay Eng: (125) : Buy at Rs 115 with SL of Rs 105 for the target of Rs 145 levels below
Rs 102 it can show further fall.
6. Bhatinda Chemical : (30 ) : Technically accumulation in this stock has been at these levels.
Buy at Rs 26 with SL of RS 22 for the target of RS 40 levels. It is very good for short to
medium term.
7. Sel MCS : (599) : Buy at Rs 550 With SL of RS 530 for the target of RS 650 level. It is very
good for medium to long term investment.
8. Allied Comp. : ( 26) : Buy at Rs 22 with SL of Rs 20 for the target of RS 32 levels. It is
very good for medium to long term investment.
9. Lok Housing (97 ) : Buy at Rs 92 with SL of RS 90 for the target of RS 125 levels . It is very
good for medium to long term investment.
10 Lokesh Mech (55) : Buy delivery of this stock at current levels with SL of Rs 50 for the
target of 70level. It is very good for long term position also.
4420 Level with highly
Volatile Trend, In Downside
support levels are at
4.......Levels; below.......
level, other support levels
are at.............levels. I am
negative for next week below 14400 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...!!!
but that’s the way we tend
to be, in this market.
NIFTY FO – 4347 as on
20.6.2008
NIFTY FO has resistance at
4380 Level ; above which
other resistance levels are at
It is preferable to remain
cautious now...!! If NIFTY
crosses 4480 Level, again
then the upper side target is
quite high and it may touch
4620 Level before JULY –
2008...!!! Here is given
Some GLODEN STOCKS
for the week
FUTURE-PLATINUM
1
2
3
4
5
R Com: (490 ) : Buy at Rs 475 with SL of RS 465 for the
target of RS 520 level below Rs 460 it can show further
downfall.
Ad Lab : ( 524) : Buy at Rs 500 With SL of RS 480 for the
target of RS 560 level below Rs 475 it can show further
downfall up to Rs 440
Bhel : (1405 ) : Buy at Rs 1370 with SL of RS 1350 for
the target of RS 1450 levels below Rs. 1330 it can show
further downfall up to RS 1290
Reliance (2086) : Buy at Rs 2025 with SL of RS 1995 for
the target of RS 2200 levels below Rs. 1980 it can show
further downfall up to Rs.1920
Siemens : ( 452 ) : Buy at Rs.440 with SL of RS 430 for the
target of RS .490 levels below Rs.425 it can show further
downfall.
SMALL SAVING STARS
1. Apn Ind (13) : Buy at 11 with SL of RS.9 for the target of
RS. .17
2. EPC Ind. ( 37 ) : It is suggested to buy with SL of RS 32 for
the target of RS.45 below at RS .30 it can slip up to RS .26
level. Crossover above Rs.47evel will take the stock to
Rs .52
3. Well Pack : ( 27) : Buy at Rs.24 with SL of RS. 22for the
target of Rs.35 levels below Rs.21 it can show further down
fall.
4. Supreme Tex: (15) : Buy at Rs.13 with SL of RS.11 for the
target of Rs 22 levels . It is very good for long term position
also.
5. Bhageria Dychem (30 ) : Buy at Rs 26 with SL of RS 24 for
the target of Rs 36 levels below Rs.23 it can show further
fall.
ENTER AT LOWER LEVEL