Markets & Stocks This Week

SHARP MOVE EXPECTED NOW IN MARKETEXPECTED 5350-5400 LEVELS NEXT WEEK

Last week we predicted 4900-4930 major support of Market (Which was the support of parallel channel), from where market turn back sharply and trade above 5150 levels. From last two days Nifty looks heavily in oversold zone and sharp move expected. Traders can buy Nifty with strict stop loss of 5060 now for the Target of 5370- 5400 levels. Nifty short sellers try to exit at these levels, otherwise it will be very injurious for health. In current scenario one can buy heavy index based stocks for short term.

KOTAK MAHINDRA BANK (769.2) :-

Kotak Mahindra Bank shows good stength on charts. In every correction of Market this stock outperform the market in wide range. This stock also making higher top and higher bottom structure and also increase its range from lower levels which is also a real strength for a stock. Traders can buy this stock with strict stop loss 720 for the target of 842 & 876. Below 720 it can fall down to 630 levels.

EICHER MOTORS (320.6) :-

From the high of 644 eicher motors made a low of 225 in January fall. This is a good fundamental stock, which one can buy it for long term for the target of 800++. After making a low of 241,this stock continuously making higher top and higher bottom structure and made also a upward parallel channel which range is 42-45 rupees. This stock show good strength with volumes on last Friday. Traders can buy it with strict stop loss of 300 for the target of 390 & 420. Below 300 it can fall down to 256 levels.

Castrol India (Rs. 297.00 :- Castrol India is a subsidiary company of castrol UK has recently posted a robust performance in QFY08 where the company posted a top line of rs.492.90 cr. And a bottom line of Rs.72.80 cr. As against rs.442.10 cr. and rs.41.50 cr. respectively for FY07. the most important fact to be noted here is even in the scenario rising crude prices, CIL has managed to improve its EBITDA to 23 per cent from the earlier levels of 14.50 per cent. This clearly shows that the company has managed to pass on the cost to its client through its value added products. On the valuation front the CMP of Rs.287 discounts its FY08 earnings by 10.58x which gives scrip some scope for upward movement and hence we recommend the investors to buy the scrip at current level.

Dabur India (Rs. 99.00):- This Company recently come out with its results where it could not math up to the expectations. Here for Q4FY08 on the consolidated basis the company has posted a top line growth of 14.30%. the bottom line growth was not good and showed a growth of only 3.50 per cent. But here one should note that the lower earnings growth was on account of margin contraction of its retail venture and also due to higher tax payment. On the valuation front the CMP of Rs.99 discounts its FY09E earnings by 16x which is much lower as compared to its peers like HUL and Nestle and hence we recommended the scrip at current level.

GHCL (Rs. 80.00) : GHCH-Gujarat Heavy ChemicalsLimited, the number two company in production of chemicals, is in theplanning stage to take over Home Furnishing Retailer Linens and things. If the deal materializes it would be one of the big acquisition deals in retail segment of Indian corporate. GHCL has interest in many sectors has market capital of Rs. 825 crores and will become on of the leading specialty home textiles retailers. Considering the long term expansion and investment plan of the company investors may plan investment in the company for long term.

Tanla Solutions (Rs. 288.00 : The telecom sector company Tanla Solutions is focusing on India for its business development. The company has recently penned an agreement with Airtel, BSNL, Vodafone-Essar, R.Com and Idea cellular for messaging and billing. The company has market capital of Rs. 2701 crores. The growth in top line and bottom line of the company in FY 2007-08 was 84 and 15. 6 per cents respectively. The financial performance of the company was attractive during the period. It is likely to see more improvement in next quarter. As the company has focused its attention on India for business development dealers of the company are also expecting improvements in their turnover. The company has strategic partnership in South Africa and Spain. The company’s market share has improved by 4.5 per cent during the FY. There is also improvement of 17 and 20 per cent in offshore and product business of the company respectively.

Best Buy For Week – ICICI, RPl, ROLTA

Nifty Future- (5150) On the way up key a Major resistance at 5192/5220. fresh buying only closing above this level. Downside major support at 5070 levels. Upside target 5220/5300.

Indian Bank (141.5) Buy at decline for objective of 148/153 area. Now break above 153 then should lead the stock towards 166/170 area. Keep stop below 135 area. Very positive bias for this stock.

ICICI (935) buy at CMP for objective of 980/1021 area. Keep stop below 916 area. Very positive bias for this stock.

Fintech (1780) Intimate buy position in May future on any dips to 1770 area. For an objective of 1825. A break above 1825 will stock indicate strength in the upmove. stoploos below 1753.

Rolta (325) Buy May future with stoploss below 316 for an objective for 335/349 area. intimate 5 days position..

Gmr Infra.(152) Buy future at any decline rate nr. 150 with stoploss below 146 area for an objective for 160/165 area. intimate 5 days position.

SRF(122) Buy future at rate nr. 120 with stoploss below 116 area for an objective for 129/138 intimate 7 days position

GNFC (172) Intimate buy position in May future on any dips to 168 area. For an objective of 179. A break above 179 will stock indicate strength in the upmove. stoploos below 163.

DLF (648) Buy May future with stoploss below 636 for an objective for 661/677 area. intimate 5 days position..

Aptech (247) Buy future at any decline rate nr. 240 with stoploss below 234 area for an objective for 260/274 area. intimate 5 days position.

Century Textiles (822) Buy future at any decline rate nr. 810 with stoploss below 794 area for an objective for 847/865 area. intimate 5 days position.

Neyveli Lignite (147) Buy future at rate nr. 144 with stoploss below 139 area for an objective for 158/165 intimate 7 days position

NIIT Tech(152) Buy future at rate near. 148 with stoploss below 143 area for an objective for 165/170 intimate 3 days position

Gujara Alklies (188) Intimate buy position in May future on any dips to 185 area. For an objective of 196. A break above 196 will stock indicate strength in the upmove. stoploos below 176.

TATA POWER (CMP-1451) :-
TATA POWER is currently running above its 50 days moving average cross over of 1370 Rs. It looks god above its 50DMA. In last three treading session it performed fantastic. T readers can buy it at current level with the target of 1480 and above it 1525.

ACC LTD ( CMP-681.30) :-
ACC is currently running above its 100 DMA i.e 648. T readers can buy between the 975-985 with the target of 697 and above 697 it can go 720.

REL CAPITAL ( CMP- 1385 ): REL Capital is looking good on chart and its all averages and supports are getting strong. T readers can buy between the range of 1360-1390 with the target of 1440 and above 1440 it has up moment 1490. Raise stop loss at 1340.

RCOM (CMP-602 ) :- in last treading sessions Rcom had performed very well. And looking good on the chart. Buyers can buy it between 590-600 with the target of 630. and above 630 it has up moment up to 657

IVR PRIME
BSE CODE – 532881,CMP – 199.35 ,
IVR PRIME CAN BE BOUGHT FOR,SHORT TERM TARGET OF 216 – 220

GMR INFRA
BSE CODE – 532754
GMR INFRA CAN BE BOUGHT FOR A SHORT TERM TARGET OF 158 – 160

Gemini Com.(532318) (265) : Buy at decline. Stock price may reach the range of Rs. 350 to 400

Novartis (500672) (306) : Buy at price of Rs. 295 with stop loss at Rs. 280. You may be included the scrip in portfolio for 2-3 months with target price of Rs. 400 to Rs. 450.

Agee Gold(512289) (61) : Some groups are buying the scrip and the stock is likely to touch price of Rs. 85/100 in 5 months.

Kew Industries (532758) (23.45) : Invest at CMP with stop loss at Rs. 20. Stock may see a peak of Rs. 35/40.

Cambridge Sol.(532616) (57) : Buy in the price range of Rs. 55 with stop loss at Rs. 50. Hefty return expected in medium term on investment in the stock.

Nocil(500730) (27) : Invest with the stop loss at Rs. 22. After crossing the range of Rs. 36, may reach Rs. 45 to 50.

Relaxo Foot(530517) (45) : Buy for short term with stop loss at Rs. 35. The stock may see peak of Rs. 68 to 75 after it reaches closes above Rs. 55.

Chamanlal Sethia(530807) (30) : You may consider the scrip for long term investment. Stock price is likely to cross Rs. 45 to 50.

Surana (531102) (46) : May be purchase for short term. With the price movement, it may reach the level of Rs. 60 to 65.

NFL(5523630) (48) : Increase investment at every decline. Scrip is likely to move up after creating bottom at the price level of Rs. 35. The stock may see a peak of Rs. 70 in medium term and Rs. 100 in long term.

Kirl. Ferrous (500245) (39.5) : Buy with stop loss of Rs. 34 and target price of Rs. 70/75.

PSI (532199) (60) : Buy at every decline. Stock may see the top of Rs. 100 in coming months.

Donear.(512519) (64) : Purchase the stock with stop loss at Rs. 56 You may earn hefty profit as the stock is likely to touch the price range of Rs. 100 to 110.

Vimta Lab(524394) (81) : Invest at Rs. 75. Price may hit the top of Rs. 120.

Zee News (532794) (56) : Invest with stop loss at Rs. 46. Price is likely to see the top of Rs. 75 to 80.

JP Hydro(532627) (66) : Buy at Rs. 65.It may see the top of Rs. 100 after crossing Rs. 75.

Control Print.(522295) (50) : fine investment, buy with stop loss at Rs. 40. The stock is likely to touch top of Rs. 70 to 80.

Agrotech Food(500215) (155) : Buy with stop loss at Rs. 140 Price may reach the top of Rs. 180 to 200 in around two months.

VST Triller(531266) (155) Buy with stop loss at Rs. 145. The stock is likely to touch top of Rs. 180 to 200 after it cross the range of Rs. 165.

National Paroxide (500298) (110) : Buy with stop loss at Rs. 190 and target price of Rs. 250- 275.

Dalmia Cement.(500097) (284) : Buy in the price band of Rs. 260to 270 with stop loss at RS. 250. Investor is likely to reap benefit of top price of Rs. 350 to 400.

Ledo Tea(I)(508306) (53) : Buy for short term with stop loss at Rs. 45 and target price of Rs. 85 to 100.

Hitachi(523398) (162) : Buy in the range of Rs. 150 with stop loss at Rs. 138. Stock may see the top price of Rs. 200/225 in short duration.

Dish TV.(532839) (56) : Invest considering Rs. 53 as a bottom price. The stock is likely to touch peak of Rs. 70 to 80.