Stock and Market Views

Weekly technical calls from brokers
Buy Havells near for target of Rs 830-850  

Trading strategy for 3 Sensex outperformers in August

Pick of the Week: Allied Digital Services 

Weekly technical calls from brokers 

 

Sizzling Stocks

State Bank of Mysore (Rs 1,167.8)

The stock zoomed, hitting its 20 per cent upper circuit last Monday as well as on Tuesday. Thereafter, it recorded a 52-week high of Rs 1,450, and started to decline, but finished the week with 26 per cent gains.

The stock, which had been on a sideways consolidation from May 2009 in the broad range between Rs 575 and Rs 750, broke out in August 2010. However, after encountering resistance around Rs 1,450, the stock declined retracing 38.2 per cent fibonacci retracement of its prior up move and is testing support around Rs 1,500.

A fall below Rs 1,100 in the ensuing weeks will drag the stock further down to Rs 1,000 or Rs 920. On the other hand, a reversal from the current support level will result in the stock moving sideways in the zone between Rs 1,150 and Rs 1,327. Strong move above Rs 1,327 once more will take the stock higher to Rs 1,450 or Rs 1,500 in the medium-term.

Surya Pharmaceutical (Rs 293)

The stock's bullish momentum prolonged and shot up by 28 per cent during the week. Since March 2009 low of Rs 47, the stock has been on a long-term uptrend, steadily forming rising peaks and troughs. Medium-term trend is also up for the stock. On August 16, the stock conclusively penetrated its key resistance of Rs 200 and subsequently began to accelerate. Marking an all-time high of Rs 314 recently, the stock is in a minor correction as the daily and weekly relative strength indices are hovering in the overbought territory.

Inability to move above Rs 310 can accelerate the ongoing correction to its immediate support of Rs 265 or Rs 250. The intermediate-term outlook remains positive as long as the stock trades above Rs 180. — Yoganand D.

TECHNICAL ANALYSIS: Index Outlook - Bulls on the backfoot
Bulls took a breather after weeks of toil to push the Sensex over the 18,500 mark. The benchmark rolled down effortlessly to close 403 points lower, the largest weekly decline in the last three months. Expiry of August derivative contracts ... 

TECHNICAL ANALYSIS: Query Corner: Sesa Goa in corrective phase
Please let me know the outlook for Praj Industries. Should I hold or sell this stock? ..

Read Full Article

Stock calls

Time to Buy Both 

Reliance (Mukesh Grp) cmp 956

&

Relinfra (Anil Group) cmp 1004

Dont See any technicals in Buying Value Stock for Long term..  Nifty trading near @ year high. But RIL, Relinfra Trading near @ year's Low.  So we advise to Buy/Accumulate both above stocks (in step by step average) for Medium/Long term investment.

Risk Derivative Traders Can enter RIL, RELINFRA at current levels. Both Lot sizes are 250 only. Margin may be around Rs 30k-35k/Each Lot. Keep Own SL.

NMA Buy/Sell Signal Update for Nifty

Realtime BSE-Sensex Streamer Mobile Application 

Technical Stock Report – Mahindra and Mahindra

Mahindra and Mahindra made its previous all time high at Rs.600

 

 

Technical Stock Switch

Stock switch is meant to result in an overall gain over a period of next 1 to 6

 

 

Nifty and Reliance next move?

 

 

Heard on the street: Order in pipeline boosts Precision Pipes 

 

 

Trading Desk

 

 

RESULT ANALYSIS: MphasiS 

 

 

Morning Research - Aug 27 2010

 

Daily Market Outlook - Aug 27 2010

 

Daily Technical Report - Aug 27 2010

 

Daily Derivative Strategy - Aug 27 2010

 

 

 

 

 

Src: HDFCSEC, Bramesh blog, Marketcalls.in, ET, DP blog  and etc

 

 

 

 

 

 

 

Morning calls

Technical Calls of Atul,Navin Fluorine and MSP Steel

Macquarie`s top 10 stock picks

Daily Technical Report - Aug 26 2010

 

Daily Market Outlook - Aug 26 2010

Intra-day F&O calls

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Heard on the Street: FDC soars as Rar(e)ing Bull accumulates stock

FDC soars as Rar(e)ing Bull accumulates stock

Shares of FDC, one of the oldest pharmaceutical companies in India ended firm in a weak market on talk that some astute names on Dalal Street have bought the stock. The stock closed at Rs 91.20, up 7% over the previous trading session, supported by nine times the average trading volumes.

The buzz is that the Rar(e)ing Bull has been accumulating the stock over the past few trading sessions. There are speculations that ‘Reward’ brokerage is also backing the stock. Analysts said at nine times FY11 estimated earnings, the stock is one of the most attractively valued in the pharma sector.

Bharat Petroleum flares up on MF bets

Domestic mutual funds have been accumulating shares of Bharat Petroleum (BPCL) of late. According to analysts, investors are betting on changes in government policies and deregulation of oil prices that may trigger another rally in these shares.

BPCL could also benefit from its gas reserves in Africa, analysts said. ‘Kala Paththar Mutual Fund’ is speculated to be buying BPCL shares on every decline. The stock ended 0.8% lower at Rs 753 on Wednesday.

Bankers eye Shipping Corp’s FPO account

The parade to select bankers to manage Shipping Corporation of India’s (SCI) follow-on public offer (FPO) will be held in New Delhi on Thursday. Buzz on the deal street is that unlike Power Grid which saw almost all the big banks put in their bid to manage the issue, some of the big league table players may just give this one a miss.

The SCI board had early this month given the nod for an FPO and the offer, expected to fetch about Rs 1,300 crore, is likely to comprise a 10% stake sale by the government and a 10% fresh equity offer by the company.

Post offer, the government holding in the company will drop to 64% from the current 80.12%. On Wednesday, the SCI scrip closed 0.58% lower at Rs 161.95 on the BSE. The company needs around $1 billion per annum for the next two-three years to fund its acquisition plans.

(Contributed by Harish Rao, Shailesh Menon & Deeptha Rajkumar) 

Src: Brameshtech blog, ET, DP blog, Myiris and etc

Stock calls

Daily Technical Report - Aug 25 2010

 

Daily Market Outlook - Aug 25 2010

 

Nifty Views!!!

 

News Analysis: PTC India 

 

Shiv-Vani: Oil sector to fuel profits

 

News Analysis: PSU oil stocks

 

ONGC-OIL-Gail may counter Vedanta offer 

Adani Power

 

 

Polaris Software

 

Gujarat Pipavav Port - Apply or Not ?

 

Top Stock Picks

 

GMR Infrastructure Ltd

 

 

Rollover Analysis - Aug 24 2010

 

 

Astral Poly Technik

 

 Src: DP blog, Smartinvestor and etc

 

Morning calls

Breakout Trades:West Coast Paper,Ansal Buildwell

Strong Technical Buy – Rico Auto

JBF Inds , Nicholas Piramal, Sirpur Paper, Lakshmi Machine Works

 

Excel Crop Care ,Mercator Lines, IRB Infra , Ansal buildwell – Interesting Charts

 

Lincoln Pharma – An Interesting Stock !

 

Thangamayil Jewellery Ltd 

Technical Picks – Stocks

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Greaves Cotton jumps on price rise hopes


Institutions have been buying Greaves Cotton on reports that demand for cotton would increase after raging floods in Pakistan, a major producer. This, along with the rising number of textile mills in AP, TN and Gujarat, will give a big push to cotton prices.


The biggest benefactor of this windfall will be Greaves Cotton, which is expanding capacity in Aurangabad. The plant will come up with an initial capacity of 70,500 units per annum and will open by end-2011. Shares rose 3% at Rs 396 on the BSE. The stock is believed to be accumulated by the MF arm of a business conglomerate.


Govt subsidy approval buzz lifts BPCL, HPCL


Shares of BPCL & HPCL surged in a flat trading session on Monday on news that the government had approved a subsidy of Rs 14,000 crore to the OMCs to compensate for their revenue losses in FY10. Dealers said MF managers bought these stocks, particularly BPCL, as short-term bets.


BPCL shares closed at a new high of Rs 774.60, up 11% on higher-than-average trading volumes. But the “Big Daddy” of insurers took this opportunity to book profits in both stocks, as it had bought them at significantly lower prices.


Analysts said hopes that crude prices may remain below $75 per barrel due to higher inventory levels in the US and the buzz that the government may increase diesel prices have investors and traders staying optimistic about these stocks.


(Contributed by Shailesh Menon & Harish Rao)

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Src: Brameshtech blog, HDFCSEC, ET and Nooreshtech site.

Stock calls

Weekly Technical Calls on Financial Technology,IRB Infra,NELCO,Crest Animation and Varun Industries

Nifty Weekly Technical View for Week Starting 24 August 

Stock of the Week: Century Textiles

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Stock Traders Guide - Aug 23 2010

 

 5 weekly techno-funda positional calls

 

Geodesic

 

Daily Market Outlook - Aug 23 2010

 

Weekly Technical Report - Aug 23 2010

 

Shiv-vani Oil and Gas

 

Allcargo Global

 

Torrent Pharma

 

 Src: DP blog, Brameshtech blog, Myiris

 

 

 

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