Sizzling Stocks:

Sizzling Stocks: Ranbaxy (Rs 492.6)

Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average on Wednesday and its key medium-term resistance around Rs 480 on Friday. It appears to have resumed its intermediate-term uptrend that has been in place since March 2009 low of Rs 133.

The stock has the potential to prolong its ongoing rally until it encounters resistance at the Rs 520-530 band. As this resistance band is a significant long-term resistance, the stock may face some difficulty in surpassing it in first attempt. On a strong close above Rs 530, the stock can move higher to Rs 570 in the medium-term. Immediate key supports are pegged at Rs 465 and Rs 440. Long-term key support is at Rs 400.

Bhushan Steel (Rs 1,836.5)

The stock zoomed 14 per cent last week, accompanied by good volume. After finding support at Rs 1,260 in early June, the stock recommenced its long-term uptrend. It is hovering well above its 21 and 50-day moving averages and testing intermediate-term resistance in the range between Rs 1,825 and Rs 1,856. Presence of key resistance coupled with the daily relative strength featuring in the overbought territory imply short-term cautiousness. Failure to climb past this resistance will drag the stock lower to immediate support at Rs 1,700 or Rs 1,600 in the short-term. However, a decisive move above Rs 1,856 will lift the stock to Rs 1,900. — Yoganand D.

TECHNICAL ANALYSIS: Index Outlook: Sensex marches with Asian peers
The Sensex continued to befuddle all by reversing higher mid-week to record a new 30-month high despite the continued onslaught of negative economic data from overseas. Foreign institutional investors are touted to be the perpetrators of ...

STOCKS: IL&FS Investment Managers (IIML): Buy
STOCKS: Ambuja Cements: Buy
Ambuja Cements, an all-India cement manufacturer that holds a 10 per cent share of the cement market in India, can be considered for investment at the current market price of ...
STOCKS: ICRA: Buy
Investors with a three-year horizon can be consider accumulating the stock of ICRA, a credit rating agency with a presence in consultancy, advisory, information and IT services. The company may continue to deliver strong earnings growth with ...

IPOS: Gujarat Pipavav Port — IPO: Invest at cut-off
Investors with a three-four-year perspective can subscribe to the initial public offerof Gujarat Pipavav Port (GPPL). The strong parentage of A.P Moller-Maersk group, strategic location and fast growth in volumes, albeit on a low base ...
  

TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 988.1)
RIL marked an intra-week low of Rs 959 and bounced up advancing Rs 9 late in the week. The stock almost declined to our first support level of Rs 957 and leaped up slightly. As the stock failed to move below Rs 957, it has signalled caution, ...

TECHNICAL ANALYSIS: Sizzling Stocks: Ranbaxy (Rs 492.6)
Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average ...

TECHNICAL ANALYSIS: Nifty calendar spread
Index strategy. With current month derivative contracts slated for expiry in the coming week, trading in F&O could be ridden with high risks. While it is best to stay away from trading this week, traders with a penchant for risk can consider ...

TECHNICAL ANALYSIS: How to play Cairn news
Stock strategy. Cairn India: The stock turned volatile recently after Vedanta Resources said it would acquire 51-60 per cent in it for $8.5 billion to $9.6 billion. The indication of Rs 405 a share (which includes a non-compete fee of Rs 50) ... 

TECHNICAL ANALYSIS: Query Corner: IDBI Bank nearing key resistance
I had invested in Raymond at Rs 340 and Monsanto India at Rs 1,440. What is the outlook for these companies for the medium- and long-term? ... 



Src: Businessline

Anil Agarwal set to pip Mukesh Ambani as richest Indian

Anil Agarwal set to pip Mukesh Ambani as richest Indian

 

 

NEW DELHI: The proposed takeover of Cairn Energy's India business could see NRI billionaire Anil Agarwal emerging as the richest promoter of a corporate house ahead of Mukesh Ambani, who has ruled the list for long.

After the acquisition of Cairn India and a proposed IPO of group firm Sterlite Energy, Anil Agarwal, as head of the promoter family, would command an estimated networth of close to Rs 1,67,000 crore, ahead of Mukesh Ambani at Rs 1,45,275 crore, a comparison of promoter family holding valuations for leading groups reveals.

However, Mukesh-led RIL is a wealthier group than Agarwal's Vedanta, although both are behind the Tatas, whose market capitalisation in terms of listed entities is over Rs 3,70,000 crore.

However, in terms of promoters' wealth, Tata group chief Ratan Tata hardly compares to either Mukesh or Agarwal.

In their own respective fields of business, Agarwal is a global leader in the metals and mining, while Mukesh is among the top-ranked international players in the fields of petrochemicals and largest private sector oil group in India.

Agarwal is now entering oil business through the Cairn India acquisition and his capacity to play to the size could now make competition intense in oil sector.

At the same time, the acquisition would give the Agarwal family double the size of Anil Ambani group (whose promoter wealth currently stands at less than Rs 80,000 crore).

The USD 9.6 billion takeover of Cairn India has already pushed Vedanta group head Anil Agarwal to the second position after Mukesh Ambani in terms of family net worth, measured in terms of value of shares held as promoters in five listed group companies.

Add to this, the value of shares he holds in aluminium major Balco and IPO-bound group firm Sterlite Energy, the promoter family wealth of Anil Agarwal group could rise to nearly Rs 1,66,938 crore.

In comparison, the promoter family wealth of Mukesh Ambani group currently stands at Rs 1,45,276 crore, based on the value of promoter holdings in two listed group firms Reliance Industries and Reliance Industrial Infrastructure.  

 

 

 

Heard on the Street: Project stake sale buzz puts BF Utilities on fast track 

 

 

Project stake sale buzz puts BF Utilities on fast track

BF Utilities has been in the thick of action, of late, on talk that the company is selling a stake in its Bengaluru-Mysore expressway project to a private equity investor. The buzz is that the project, which has been stuck due to political hurdles, has been valued at Rs 1,200-1,500 crore.

Late July, the stock was speculated to be accumulated by the Silent Operator and the Rar(e)ing Bull on talk that the Supreme Court ruling on the project was expected in August. The Karnataka government filed an affidavit rejecting the demand of BF’s arm, Nandi Infrastructure Corridor Enterprise (NICE), for an additional land of 776 acres within the Bengaluru municipal limit.

Now, the fresh bit of rumours doing the round is that BF Utilities is in advance talks with Anil Dhirubhai Ambani Group (ADAG) and IDFC PE to sell similar stake in the second-and-third phase of the corridor project. Senior company officials denied any such development.

“We don’t want to comment on market speculation. For the record, we’ve not decided anything on stake sale in the Nandi Corridor project,” said Ashok Kheny, managing director, NICE. Shares of BF Utilities ended 8% higher at Rs 1,087 on the BSE on Friday.

Bilcare rises over 4% as Q1 earnings lift sentiment

Shares of Bilcare rose 4.3% to Rs 536.15 on Friday amid talk the Rar(e)ing Bull and associates are accumulating the stock. Analysts said better-than-expected first quarter earnings have boosted sentiment in the stock.

Broking firm Jaypee Research has maintained its ‘buy’ rating on Bilcare with a target price of Rs 663, post results.

Contributed by Shailesh Menon & Harish Rao

 

Src: ET

Monring calls

Nifty hourly trading for 20 August 2010

Short Term Trading Calls on TTK Prestige,JBF Industries,Jindal Steel,REI Agro and Radaan Media 

Keeping Fingers crossed

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PVR Cinemas

 

Sun Pharma

 

Tech Mahindra, India Economy

 

Intra-day technical calls 

F&O calls for intra day 

 

Aurobindo Pharma: Right diagnosis

 

 

Royal Orchid: Steady expansion

 

 

 

Src: Brameshtech. DP blog , Marketcalls, SOM blog

Market and Stock Views

Technicals on Suven Life,Ajmera Reality,On Mobile,Tantia Construction 

Pre Market - Aug 19 2010

 

Daily Technical Report - Aug 19 2010

 

Daily Market Outlook - August 19 2010

 

LIC Housing Finance, Tata Motors

 

India Telecom - situation improving ?

 

India China - new Tigers

 

Heard on Street: MSCI buzz lifts Tata Motors

Higher MSCI weightage buzz lifts Tata Motors

Shares of Tata Motors have been among the best performers in the large-cap space, of late, aided by strong first-quarter results. The stock on Wednesday closed at a record high of Rs 1,047.60, up 4.19% over the previous trading session, supported by good trading volumes. The buzz is there will be an increase in the weightage of the stock on the MSCI World Index, which is widely tracked by global fund managers for their investment decisions. Currently, the stock has a weightage of 1.84%, which is expected to be increased to 2.15% by the end of this month. Some of the astute names on Dalal Street and institutional investors have also accumulated the stock in the past few trading sessions.

Bank shares shine as investors load up

Bank shares have been the rage over the past few sessions, as several domestic fund houses, savvy traders and even the treasuries of some banks have been loading up on them. The mutual fund arm of a bank, usually known for its conservative stance, is said to have mopped up nearly three lakh shares of State Bank of India a couple of days ago. The treasury of a bank headquartered in the state referred to as the ‘granary of India’, too, is said to have bought a sizeable chunk of SBI shares earlier this week. Some of the investors with a more conservative view are said to be loading up on Bank Nifty futures. On Wednesday, Bank Nifty hit a 52-week high of 10,931.65, before closing at 10,894.05. Bank Nifty August futures closed at 10915, and were among top-10 most actively-traded derivatives contracts on the NSE.

‘Big Daddy’ bets big on RIL while Street plays safe

Reliance Industries (RIL) has been among the top ‘trading sells’ of several traders, of late, with some even betting on a fall in the stock below Rs 900. But the ‘Big Daddy’ of the domestic insurance industry has taken a contrarian view on the stock. Market sources said that the insurer was a sizeable buyer of the stock on Wednesday. But brokers said that the move is not of any major significance, as the insurer is known for picking up underperforming shares. The stock, which enjoys the highest weightage on the benchmark indices, dropped 0.6% to Rs 964.75 on Wednesday in a firm market. The stock has fallen about 6% so far in August while the Sensex has gained 1% during the period. There have been concerns among investors about the company flooding the market with another round of treasury share sales as part of its attempt to raise money.

Contributed by Harish Rao, Santosh Nair & Nishanth Vasudevan

 

 

 

 Src: ET, DP blog , Brameshtech blog

 

 

  

Stock calls

Intra-day technical calls

F&O calls for intra day

Trading Calls - Aug 18 2010

 

Daily News Roundup - Aug 18 2010

 

Supreme Infrastructure

 

India Real Estate Sector

 

Cipla, Dishman Pharma, IRB Infrastructure

 

ABG Shipyard, Adhunik Metalliks, Bartronics, Cairn India, Dishman Pharma, Garware Offshore, Koutons Retail, Nitin Fire Protection, Shree Cement, SBI

 

Cairn India, India Banks, Oil and Gas, Lanco Infratech, Suzlon Energy

 

 

 Src: DP blog, Myiris.com

 

 

Stock calls

Weekly Derivative Report

Weekly Derivative Futures Roundup for the week ended August 16, 2010

 

 

Eimco Elecon India Ltd.

Stock Note

 

IDBI,Cipla and Tata Coffee

 

 

Top Ten Nifty Stocks

Weekly Technical View

 

 

Cipla Ltd

Q1FY11 Result Update

 

 

 

 Src: HDFCSEC, Nooreshtech blog

 

 

Stock Calls

The New Look

http://economictimes.indiatimes.com/

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Technicals on Sesa Goa,Remi Metals,Wock Pharma and Area T&D

Nifty hourly trading for 17 August 2010 

Indiabulls Real EST Ascending triangle 

DLF LTD Trading near 200 DMA 

DEATH CROSS of Sterlite industries 

Weekly Technical Report

The red upward slopping trendline

 

 

AIA Engineering

 

Simplex Infrastructure, Tata Steel, Polyplex Corporation

 

 

 

Src: HDFCSEC, DP blog, Niftycharts & Patterns blog etc

 

 

Stock calls

Technical Calls on DLF,Bombay Dyeing,Century Textile and Hero Honda

Trading Options :Covered Call Stratergy 

NSEStocky – Simple Mobile Application for Indian Investors

Finding meaningful patterns in meaningless noise? 

Something Interesting about the growth of India

10 techno-funda positional calls from Fairwealth   

How to trade in 3 buzzing stocks now? 

6 stocks with `Buy` recommendation  

6 small-cap stocks beating market 

Value Pick: Siemens 

Src: Brameshtech Blog, Myiris

Sizzling Stocks: TATACOM, RAYMOND

Sizzling stocks: Tata Communications (Rs 330.2)

The stock found key long-term support in the band between Rs 230 and Rs 240 in early June 2010 and has been on a short-term uptrend. It surged more than 6 per cent on Monday, this bullish momentum prolonged till the stock ended end the week with a 20 per cent gain. The weekly volume is extra-ordinary. The stock is currently testing significant long-term resistance in the zone between Rs 330 and Rs 340. Strong weekly close above this zone will take the stock ahead to Rs 370 and to Rs 390 in the medium-term.

Inability to surpass the resistance zone in the near-term will drag the stock lower to its immediate support level of Rs 295–300 range. Key support below this level is at Rs 270.

Raymond (Rs 374.9)

Raymond was more enthusiastic by gaining Rs 133 or 55 per cent last week. The volume traded was astonishing. From March 2009 low of Rs 68, the counter has been on an intermediate-term uptrend. With previous week's unusual surge, the stock has breached its key long-term resistance at Rs 350 conclusively. Immediate resistance for the stock is at Rs 400 and Rs 410 band. Both the daily and weekly relative strength indices have entered in to the overbought territory signalling near-term cautiousness. Therefore, a reversal from the current levels can pull the stock down to Rs 350 or to Rs 310 in the medium-term. On the other hand, as long as the stock trades above Rs 280, it has the potential to reach target of Rs 460 and Rs 480 in the long-term. — Yoganand D.

TECHNICAL ANALYSIS: Index Outlook: Heavyweights to the rescue
Odds piled up against the progress of the ongoing rally last week. Slowing economic growth in the US and Europe, domestic first quarter earnings doing likewise and indices nearing critical resistance caused a mid-week wobble in the ...

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