Hot picks for delivery Calls

We are again in front of you with THREE HOT PICKS & DELIEVRY CALLS....

GVKPIL(40.7-41) VIJAYA BANK(45) BALLRPUR(21-21.50)

Isko le lo aur rakh lo.. JULY k month k liye hai..

your profit is our target...

Choose any of one & go on holiday to outdoor..

enjoyyyyyyyyyyyyyyyyyy

dekhte hai kitna lagta hai hamara target....

JAI SHRI KRISHNA

INVESTMENT STRATEGY

The Sensex having corrected close to 9% in the recent past (closing price from June 11th to
June 22 nd) shows that much of the negative news is already factored in.
Some of the key factors that investors must look at this point of time are:

The World Bank on Monday (22nd June 09) predicted that India's growth forecast for
2009 is 5.1% from earlier projection of 4%. It has projected an 8% growth for India in
2010, which will make it the fastest growing economy in the world in 2010, overtaking
China.

The U.S Fed Chief, Bernanke has predicted that the US recession will end later this
year. Some analysts say the economy will start growing in the July-September quarter
on the back of tax cuts and increased government spending. Further, U.S fed meet is
ending on 24th June 09. The interest rates are expected to be unchanged. But the
policymaker’s assessment of the economic situation will give a better direction to the
US stock market and the global markets as well.

There have been signs of some improvements in U.S: home sales have firmed:
construction activity has picked up – although from record-low levels; consumer
spending has stabilized following a massive cutback at the end of last year; layoffs are
slowing and some credit stresses have eased.

Further, the Indian Government is looking for disinvestments of the public sector units.
The amount raised through disinvestments would help the government to reduce the
fiscal deficit and also increase its infrastructure spending.

Also, the Union Budget on 6th July 09 is expected to be a pro reform budget with its
focus on infrastructure.

Considering the above factors, it is prudent to build a portfolio at lower levels.
We have listed below few stocks, which can be seen for Medium-term
investment perspective.

Scrip: ABB Ltd
Industry: Electric Equipment
CMP: Rs.737.40
52-W Range: Rs.944.40-343.35
Trailing PE: 30.2x
Target: Rs.780
Rationale: The company’s stand alone net sales increased by 15.3% (YoY) to
RS.6837.03 crores for CY08 and net profit increased by 11.30% (YoY) to Rs.547.41
crores. The company has bagged 425 crores order from power grid Corporation of
India and has also received an order worth Rs 550 million to provide the electrical
infrastructure for modernization of Kolkata airport.

Scrip: LIC Housing Finance Ltd
Industry: Finance- Housing
CMP: Rs. 647.70
52-W Range: Rs. 621-150.10
Trailing PE: 9.5x
Target: Rs.700
Rationale: The Company’s stand alone net sales increased by 31.8% (YoY) to
RS.754.43 crores for Q4FY09 and net profit increased by 33.40% (YoY) to Rs.157.56
crores. The company is targeting loan disbursement of up to Rs 13,000 crore in the
current financial year. The disbursements for the last fiscal stood at Rs 8,764 crores.
It has seen a 100% growth in loan approvals and sanctions so far this fiscal, and a
40% rise in the number of loan applications.

Scrip: CORPORATION BANK
Industry: Banking
CMP : Rs. 337
52-W Range: Rs.345-155
Trailing PE: 5.4x
Target: Rs. 370
Rationale: The Company has posted 39% increase in its standalone Net sales to
Rs.1706.39 crs for 4Q FY09 and 26.7% growth in its Net profit to Rs.260.49 crs
(YoY). The branch network of the Bank as on 31st Mar 2009 stood at 1054 as against
981 branches YoY. Further the Bank has plans to open 700 branches in the next five
years, which will increase its top line in the long run.

Scrip: BARTRONICS
Industry: Trading
CMP : Rs. 151.35
52-W Range: Rs. 202 - 47.40
Trailing PE: 5.6x
Target: Rs. 170
Rationale: For the full year FY09 the Company has reported 115% increase in its
topline to Rs.583.29 crs and 58% growth in its bottomline to Rs.75.11 crs (YoY) on
consolidated basis. The company had recently bagged a build-operate-transfer order
from the Municipal Corporation of Delhi for setting up 2,000 G2C kiosks. The
company is expecting Rs 5,000 crore through this project over the next nine years.
Further For FY10, the Company has guided for revenues at Rs 1000 crore with Net
Profit margins at about 15-18% i.e. Rs 150-180 crore.

Scrip REC LTD
Industry: Finance
CMP : Rs. 159.05
52-W Range: Rs.165-53
Trailing PE: 10.6x
Target: Rs.180
Rationale: REC reported 38% rise in its standalone net sales to Rs.1337 Crores and
65% jump in its net profit to Rs.388.04 crores for Q4 FY09.The Company is planning
to raise around Rs. 3000 crore by selling 20% equity stake either to QIP or through
follow on public issue for funding power projects.

Scrip BALRAMPUR CHINI
Industry: Sugar - integrated
CMP : Rs. 104
52-W Range: Rs. 110.45-29.30
Trailing PE: 17.13x
Target: Rs.115
Rationale: The company has recorded 15% growth in its standalone net sales to
Rs.355.06 crores for quarter ended Mar 09 on the back of higher sugar realization
though sales volumes were lower. The net profit of the company increased
marginally by 0.8% to Rs.66.19 crores(YoY). With sugar production is estimated to
be lower, we expect sugar prices to remain firm in the coming days, which in turn will
boost the revenues of the company.

Scrip: YES BANK
Industry: Banking
CMP: Rs.139.90
52-W Range: Rs.149-40.60
Trailing PE: 13.67x
Target: Rs.155
Rationale: The company’s interest income for the Q4FY09 is increased by 46.40%
(YoY) to RS.566.31 crores and net profit is increased by 24.20% (YoY) to Rs.80.11
crores. It has plans to enter into retail brokerage business, which would widen its feebased
income and mobilise low-cost deposits. Further it is it will raise USD 400 million
by means of equity through a follow-on public offer and debt.

Scrip: CANARA BANK
Industry: Banking
CMP: Rs. 255
52-W Range: Rs.298-136.45
Trailing PE: 5.21x
Target: Rs.293
Rationale: The company’s interest income for the Q4FY09 is increased by 22.90%
(YoY) to RS.4653.88 crores and net profit increased by 54.90% (YoY) to Rs.718.81
crores. Canara Bank is expecting a 21-22 % growth in advances this fiscal as against
29% in FY09 and hopes to maintain net interest margin of 2.8 % in 2009-10. Further
it is willing to acquire a bank in India to increase its size and presence.

Scrip: POLARIS SOFTWARE
Industry: Software
CMP: Rs.105.50
52-W Range: Rs.115.40-25.20
Trailing PE: 6.17x
Target: Rs.120
Rationale: The Company’s stand alone net sales increased by 18% (YoY) to
RS.337.25 crores for Q4FY09 and net profit increased by 156% (YoY) to Rs.48.81
crores. It is setting up a centre of excellence for insurance near Chennai with an
investment of around Rs 100 crore. The centre would help the company strengthen
the insurance business, which contributed Rs 95 crore to the turnover last year. The
company has set a target of Rs 250 crore over the next three years from this
segment.

Scrip: PUNJAB NATIONAL BANK
Industry: Banking
CMP: Rs.625
52W Range:Rs.425-286
Trailing PE: 6.6x
Target: Rs.670
Rationale: The Company’s interest income for the Q4FY09 is increased by 35.10%
(YoY) to RS.5242.57 crores and net profit is increased by 59.20% (YoY) to Rs.865.57
crores. It is collaborating with the US-based $1.3-billion MoneyGram International to
increase its business through remittance services. This will be offered from the bank’s
4,600 branches in the country and through partners such as UAE Exchange and
Financial Services and Thomas Cook India.


Strategy to be followed:
 Buy on every decline and sell on every rally.
 However, given the current high volatility of the markets, investors are
advised to take a long-term investment perspective.
 Investors are advised to book profit even when the stock reaches 60-70% of
the target
 Diversify your portfolio as it reduces the risk

Research - calls of the day

RESEARCH -Nifty (FUT) R- 4295/4345/4465 S- 4175/4105/3985; Sensex
(CASH) R- 14475/14620/15000 S- 14095/13870/13490; MARKET OUTLOOK:
RANGE BOUND (09.03A)

RESEARCH: MARKET OUTLOOK: Markets to remain rang bound between 4140 – 4350 levels. The NIFTY has resistance at 4265 and 4300. Above this level, it could test at 4352. On the downside, the support will be at 4175 and 4143. Below this level, it may test at 4115. Trade cautiously as volatility may remain high. Short covering can be expected in the later part of the day.

11:38 AM 6/24 RESEARCH: SHORT-TERM FUNDAMENTAL CALL : BUY ORCHID CHEM CMP 102 TGT 107 SL 99.50

12:24 PM 6/24 RESEARCH: INTRADAY CALL (CASH): REENTER APTECHT BUY ABOVE 155 TGT 161 SL 151

1:28 PM 6/24 RESEARCH: INTRADAY CALL (CASH): BUY TATA COMM ABOVE 460 TGT 474 SL 453

2:48 PM 6/24 RESEARCH: INTRADAY CALL (CASH): APTECHT TGT ACHIEVED

Reliance has resistance at Rs 2080-2100: Mohindar

Rahul Mohindar of viratechindia.com is of the view that Reliance Industries has resistance at Rs 2080-2100.

Mohindar told , "I think Reliance, I probably feel Rs 2,080-2,100 and if we get to that spot we will see a good bit of resistance. Reliance could be in a more trouble in the short-term and could even inch down to something like Rs 1,900-1,950 is what I would estimate."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 2024.95 2016.05 -8.90 -0.44
5-Days 2141.60 2016.05 -125.55 -5.86
7-Days 2180.45 2016.05 -164.40 -7.54
15-Days 2188.90 2016.05 -172.85 -7.90
1-Month 2183.10 2016.05 -167.05 -7.65
3-Month 1439.80 2016.05 576.25 40.02
6-Month 1284.70 2016.05 731.35 56.93
9-Month 2037.15 2016.05 -21.10 -1.04
1-Year 2022.20 2016.05 -6.15 -0.30

Fibonacci Support and Resistance_24062009

Download Link

http://www.4shared.com/file/113599465/3f30e9cd/Fibonacci_Support_and_Resistance_24062009.html

Password for the file is http://dailytradereports.blogspot.com/

Buy Suzlon Energy on dips: Bose

Technical Analyst, Rajat K Bose is of the view that one can buy Suzlon Energy on dips.

Bose told , "Suzlon Energy long term looks pretty bullish technically. If there is a dip then that would be a good buying opportunity because medium term target would be Rs 135-140 for a minimum. I do not expect it to really go below Rs 93-91 kind of range and if we get a dip further towards say double digit levels of Rs 99-98 that would be a good buying opportunity because you are actually placing a stop below Rs 90 and keeping a target of Rs 135-140. So maybe it is not a buy right now but somewhat at lower levels definitely I would like to consider buying it."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Nifty may test but won't breach 4,000: CLSA

Laurence Balanco of CLSA said support for the Nifty stood between the 4,000 and 4,100 level. “That level is a key support that dates back to the lows we saw in 2007-08,” Balanco said. “It’s also the breakaway gap that we saw post the elections. I think we will see a pullback and a test of that level. However, I would expect that level to hold in the short term.”

Here is a verbatim transcript of Laurence Balanco’s exclusive interview

Q: What’s your short-term outlook on what’s happening with the Sensex and the Nifty?
A: Looking at the Nifty, there is more risk towards the 4,090 level — that’s a key support level that dates back to the lows we saw in 2007-08. It’s also the breakaway gap that we saw post the elections, so the 4,000 level is an important psychological number. I think we will see a pullback and a test of that level. However, I would expect that level to hold in the short term.
Q: What about the global indices, the S&P closed below 900 yesterday after quite a while, any signs of a breakdown or you are reading it just as a re-tracement?
A: I am looking at a re-tracement at this level, the key technical level sits at 875 and that level dates back to the January and February peaks and also the lows that we saw in May. So that’s quite a significant level to look at. As long as S&P holds that level, I would still look for a move up to the 1,000 mark before we see the risk of a pullback towards 800. As long as 875 holds, the potential up-move to 1,000 is still valid.
Q: Corresponding with that, you think the Nifty might find support at 4,000-4,100 and pull back to take out its recent high of 4,600-ish, or is that being too optimistic?
A: The roadmap which we are looking towards the Nifty is the 4,200-4,100 area and the support level to hold and look for a retest of the peak — if not a move towards 5,000-5,500. India is one of the markets within Asia that we think has potential to at least take out new highs for the March lows. We have seen markets with similar structure like Taiwan, we have also seen that come back and follow up with a breakaway gap and we would look for those two markets to lead the recovery towards a new half or the March low. The key is that the S&P can hold 875, so those two markets look likely to retest the peaks at least.
Q: The doomsday scenario in the market’s mind is if the S&P were to go back to 666, even on a medium-term basis, how probable or improbable does that seem to you?
A: If you look at the longer-term structures, particularly for the US markets, I would still classify them as a secular bear market and if we go back to the basis of technical analysis, which started with the Dow theory, the sell signal that was in place from November 2007 is still in place. The recent rally that we have seen in the US had the Dow Jones Industrial making a high towards a January peak but the transports failed to confirm. I would still classify the US markets in a secular bear market. The other simple theory one can throw into the US is that talks about holding above the 200-day moving average (DMA) and the simple 200 DMA hasn’t changed direction to up. The 200 exponential moving average (EMA) has been a strong resistance with the S&P at 940. So the longer-term structure for the US markets is still bearish and the retest of those lows are probably but I think that happens in the next six months, probably not, but I think but what lies ahead for that market is the large sideways trading range that eventually lands up retesting those lows.
Q: Your thoughts on what’s been happening with crude and what kind of targets you see over there?
A: if we go back to December 2008 on the chart, the basic pattern developed below USD 50 per barrel and we broke above that in May and the minimum upside target that we are looking for that base break was between USD 71-76 per barrel. We think the biggest part of that move is now done and any rebound back towards USD 72-73 per barrel would be an opportunity to reduce exposure. The upside is quite limited at the levels we are looking at — above USD 70 per barrel.
Q: So net-net you are saying that this is not the big sell-off which people have been fearing after this massive rally, you are saying there is one more leg-up before any kind of a bigger correction seeps in globally and in India?
A: 875 is the key level we are watching on the S&P: if it holds, we would expect one more leg-up to mark the peak of this move for the Asian markets. For the October lows and for the developed markets are off the March lows would look at a seasonal weak pattern coming through into August-September. If that happens, then the pullback happens on lower volumes, one could start to get more interested in the market for another rally attempt but if we see a volume turnaround, I think the higher probable pattern over a six month period is a large trading range.
Q: What are you seeing on the charts of influential markets like Shanghai and Hang Seng as well which we take cues from?
A: The Hang Seng is testing quite a key support level at 17,500, if we do close below that level, this will trigger a minor double top pattern and that would suggest weakness down to 16,100. As far as the Shanghai market goes, that is still in an uptrend, the concern is that momentum continues to dissipate so each new high made by the Shanghai Composite is not being confirmed by those momentum indicators. We think that trend is quite mature and we would recommend taking some profits on the Shanghai Composite there.