31 August 2010
30 August 2010
Stock and Market Views
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? ..
Please let me know the outlook for Praj Industries. Should I hold or sell this stock? ..
27 August 2010
Stock calls
Time to Buy Both
&
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.
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
26 August 2010
Morning calls
Daily Technical Report - Aug 26 2010
Daily Market Outlook - Aug 26 2010
Intra-day F&O calls
*********************************
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)
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
25 August 2010
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
24 August 2010
Morning calls
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 !
*******************************************
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)
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)
*******************************************
Src: Brameshtech blog, HDFCSEC, ET and Nooreshtech site.
23 August 2010
Stock calls
****************************
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.
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 ...
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 ...
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) ...
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) ...
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
Subscribe to:
Posts (Atom)