Buy - Ruby Mills

From a low of Rs.60 last year the stock has given superlative returns to the investors. The company did give out a liberal bonus of 2 : 1 during 2015 and the CMP is Rs.366

Background :

The Ruby Mills Limited is an India-based company engaged in textile manufacturing and real estate development.

The Company's segments include

• Textiles and
• Real Estate.

The Company offers various products, such as cotton and blended yarns; custom made fabrics from various manmade and natural fibers, such as cotton, linen, viscose, lyocell, modal, polynosic and the blends of the same for shirting, suiting and dress materials; micro polyester and its blends for various end applications; 100% cotton knitted fabric; basic and micro dot coated interlining; eco-friendly textiles, and fabrics with various special finishes, such as silicone, anti-fungal, anti-bacterial, water repellent and stain repellent pricing.

Its manufacturing units are located at Village Dhamni and Village Kharsundi in District Raigad, Maharashtra. Its installed capacity consists of approximately 22,000 spindles and around 40,000 metric tons of woven fabrics, and around eight tons of tubular knitted fabrics.

Buy :

Investors keen to jump the bandwagon can look at an entry price of Rs.325 range to buy and hold for a period of 1 year to take part in the company's growth going forward.

One can look at Rs.500 and exit partially.

Smart Investor

No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

Mobile / Whatsapp -08105-737-966

intellinvestor@gmail.com
www.twitter.com/SmartInvestor

Atlanta Infra - Buy

Our research has come up with a small cap pick in Atlanta Infra.  The stock after hitting a high of 103 levels is trending towards Rs.75/-

Company Background

Atlanta Ltd is an India-based company engaged in the business of contracting activities like construction and development of infrastructure. The Company has a diversified and de-risked work portfolio and enjoys an early mover advantage with over three decades of presence in Engineering, Procurement, Construction (EPC) & Realty and over a decade plus presence in executing Public Private Partnership (PPP) Infrastructure Development Projects and Contract mining of limestone and coal.

Our Recommendation :


The scrip has given a decent return of 86% it had a low of Rs.56 and peaked out at Rs.103 almost doubling from the bottom. It has corrected 20% during the last 1 month.  Investors with a short term perspective should buy around 75 levels and exit around 105.  

For free evaluation of your portfolio and comprehensive research of Equity shares get in touch with us today.
Raghav
Equity Advisor

Smart Investor
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

# 98800.80321
ingeniousinvestor@gmail.com

www.ingeniousinvestor.in

Philips Carbon Black - Buy

Our research has come up with a long term pick in Philips Carbon Black.  The stock after hitting a high of 170 levels is trending towards Rs.125/-

Company Background

Phillips Carbon Black Limited (PCBL) is an India-based manufacturer of carbon black. The Company also manufactures various grades of specialty black. The Company operates through two business segments: Carbon black and Power. PCBL manufactures carbon black, a filler used in rubber compounds, and customized blacks for specialized applications and specialty blacks for non-rubber applications, such as films, pipes, automotive, fiber and ink. 

The power generation process involves recovery and utilization of the thermal energy of the process waste gas being produced from carbon black manufacturing process. This waste heat/gas is utilized to generate steam, which in turn is used to generate electrical energy. PCBL has capacity to produce 472,000 metric tons per annum of carbon black across four locations in India. The Company also has co-generation green power plant at each of these locations. PCBL is a part of the RP-Sanjiv Goenka Group of Companies.

Our Recommendation :

The scrip has given a decent return of 86% it had a low of Rs.90 and peaked out at Rs.168 almost doubling from the bottom. It has corrected 20% during the last 1 month 6% in 3 months.  Investors with a short term perspective should buy around 125 levels and exit around 205.  

Caution :
This is fundamentally long term scrip with a potential to grow over 9-12 months time horizon.  Enter around Rs.125 level and hold for a target of Rs.205 holding period of 6 months.  Buy all declines to exit on rises and do not trade in quantities larger than > 1000 - it can be in active once the rise and fall have happened.  


Raghav
Equity Advisor

Smart Investor
No.24 Pattamal Plaza
3rd Cross Kammanahalli
BANGALORE 560084

# 98800.80321
ingeniousinvestor@gmail.com

www.ingeniousinvestor.in

Buy Media Stocks ahead of General Elections 2014

With all Political parties trying to woo voters, they will use both print and electronic media to reach out to critical masses.  Media stocks comprise of 2 categories -

Electronic Media - TV Channels

Best Buy :

TVToday CMP Rs.120 SL 110 for a Target Price of Rs.150

Jumped 10% during last week wait for a correction to enter around 112.  Got Indias Largest Circulated weekly as well as a TV channel.

For Average Returns of 15-20% consider the following scrips part of Media group

TV18 Media - Buy around Rs.22 SL 18 for a target of Rs.32

NDTV - Buy around Rs.70 SL of 63 for a target prrice of Rs.90

SunTV - Buy around Rs.340  SL of Rs.320 for a target price of Rs.400

Print Media - News Papers

Jagran Prakashan - CMP 87 stop loss 79 for  target price of Rs.105

HTMedia - CMP 70 (close to 52Week Low) SL of 66 for a target price of Rs.106

Savvy investors are buying these scrips to hold for a period of 6 months - the ad revenues as well as sales of publications give edge to Print Media scrips.

Look for any dip from the current prices indicated above buy and hold for 4-5 months for returns that could be more than 

Ingenious Investor

Equity Research Division

Ravina ConsultingNo.24 Pattamal Plaza3rd Cross KamannahalliBANGALORE 560048
For Stock Advise + Ideasintellinvestor@gmail.comTalk / SMS 08105737966
Visit - www.ingeniousinvestor.inFollow us - www.twitter.com/smartinvestor

Mid Cap - Buy Recommendations

If you are looking for buying into Mid Caps which has potential to grow about 50% in the next 9 to 12 Months consider investing in the following scrips.

A further dip of about 10% is expected in these stocks.  Buy only on declines and wait for the prices to climb slowly and steadily.

Stop Loss

Make sure that when you are buying keep a strict stop below 10% of your purchase price as a sound investment strategy.  Do not average in a falling market as the shares are likely to slide further.

Smart Investor
Equity Research Division


For Stock Advise + Ideas
intellinvestor@gmail.com
Talk / SMS 08105737966

Visit - www.ingeniousinvestor.in

Read - www.ingeniousinvestor.blogspot.com
Follow us - www.twitter.com/smartinvestor

IVRCL - Buy

We recommend a buy in the stock of IVRCL from a shortterm perspective. The stock has strong support at Rs 37 and it bounced off this level in June this year.

The stock once again took support at this level towards the end of August and after hovering here for two weeks, it reversed higher on Friday. The stock is up 15 per cent in the last two sessions signallingthe onset of a short-term uptrend.

It has moved above its 21- as well as 50-day moving averages. Momentum indicators such as daily relative strength index have moved into the bullish region implying that the up-move can continue in the shortterm.

The stock can move up to Rs 46.7 and then Rs 48.2 in the near-term. Short-term investors can buy the stock with stop at Rs 35

Bought to you by

Smart Investor

Equity Research Division 

Ravina Consulting

Pattamal Plaza

3rd Cross Kamanahalli

BANGALORE 560084

For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966 

Follow us -

www.twitter.com/smartinvestor

Read - www.ingeniousinvestor.blogspot.com

Like us - www.facebook.com/IngeniousInvestor

Ultratech, ACC and Ambuja Cement

Ambuja Cement/Ultratech Cement/ACC:

According to analysts, the cement sector will continue to report sub-optimal numbers for some more quarters. This is because the industry is staring at a slowdown in demand due to the fall in private sector construction. Even the government sector construction, such as new roads, has taken a beating. "Capacity utilisation in south India has already reached 50% and will come down in other parts as well," says Phani Shekhar, fund manager, PMS, Angel Broking.

Since the breakeven level for cement companies is at 75-80%, low capacity utilisation is bad news for the sector.
While analysts refer to the fall in demand and looming over-capacity, cement companies are increasing their prices. "The prices are going up, but there is no increase in volumes," says Pandey. "These are rising because of cartelisation and they won't be able to sustain it in the future," says Bhanushali.

The cost rise for inputs like coke, and the excise duty hike in the recent budget will put further pressure on the margins. Analysts are also concerned about the valuations, especially for the large-cap companies. This explains why three big cement firms, Ambuja Cements, Ultratech Cement and ACC, are in the analysts' hate list. As new cement plants can come up within 18-24 months, there is no point in buying above the replacement value, they argue. "Expect a further correction of 10-15% for stocks in this sector," says Shah.

Bought to you by

Ingenious Investor

Equity Research Division

Ravina Consulting

Pattamal Plaza

3rd Cross Kamanahalli

BANGALORE 560084

For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor

Nalco - Avoid

Nalco:

Though most metal and mineral players are affected by the slowdown in demand and increase in input costs, analysts don't recommend players like the National Aluminium Company (Nalco). The recent 30% price increase by Coal India is going to hit Nalco because it is the primary source of coal for the latter.

The international coal prices have also shot up recently. Another problem is with regard to its alumina expansion plans in Orissa, which is expected to come on track in only in the second quarter of 2011-12. "Since the alumina price is high now, the company is losing this opportunity. On the valuation front too, it is expensive compared with its peers," says Tarang Bhanushali, AVP, research, India Private Clients, IIFL.

Our Recommendation :

The stock has a monthly high / low of Rs.83 and Rs.93

Traders with risk appetite can buy around 83 levels and sell on keeping a strict stop loss of Rs. 79

Bought to you by

Ingenious Investor

Equity Research Division

Ravina Consulting

Pattamal Plaza

3rd Cross Kamanahalli

BANGALORE 560084

For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor

Bse / NSE - 13 Sept 2010

The markets had its best session in several months on Monday.

The bulls went on a rampage picking up blue chip stocks thanks to the strong industrial production numbers that July threw up and on the back of encouraging economic data from the US and China.

Incidentally, all the reports, the data on industrial production in India, the US wholesale inventories data and the data on Chinese trade surplus, came out over the weekend, setting up a solid platform for the bulls even before the opening bell rang at the Indian bourses today.

Not to let go the opportunity, the bulls made a beeline at the frontline counters - with the banking sector attracting the most attention - and kept lapping up stocks till the very end.

The resultant surge in values of stocks was so sharp that the benchmark indices Sensex and Nifty moved past 19,000 and 5700 levels and then way beyond, to record their best levels since January 18 2008.

While the Sensex, which zoomed to 19,243.44, ended the day with a gain of 408.67 points or 2.17% at 19,208.33, the Nifty closed at 5760, slightly off the day's high of 5770.60, with a gain of 119.95 points or 2.13%.

Mirroring strong gains posted by key bank stocks, the Bankex jumped by over 3.6%.

l

3:24 PM: Buy BHEL with a 10-day target of Rs 2550 and stop loss of Rs 2450, says Parsh Zaveri of Zaveri Investments on CNBC Awaaz Send to friends

3:20 PM: Buy Infosys, Wipro and TCS on dips.

These stocks may remain a bit slippery in the near term, but their long term prospects remain bright. HCL Tech and Mphasis can also be picked up at sharp declines. Send to friends

3:16 PM: Buy Federal Bank with a target of Rs 425 and stop loss of Rs 360, says Kunal Saraogi, technical analyst, on Zee Business Send to friends

3:12 PM: Steel Strips Wheels gains 3%

3:08 PM: Buy YES Bank with a target of Rs 344 and stop loss of Rs 322, says Krunal Dayma, technical analyst, on Zee Business. Send to friends

3:04 PM: Vishal Retail gains 8.5%

3:00 PM: Buy Garware Polyster with a target of Rs 250, says DD Sharma of Anand Rathi Securities on NDTV Profit Send to friends

2:56 PM: Hold HDFC (Rs 664) and pick up more of it at declines.

The stock is a good one for medium to long term. A fairly good upmove is likely in the near term as well.

2:52 PM: Buy LIC Housing Finance with a 2-3 week target of Rs 1300 and stop loss of Rs 1140, says Sudhanshu Pandey, technical analyst, on CNBC TV18

2:48 PM: Hold Crompton Greaves (Rs 312) and buy more in small quantities at declines for medium to long term. One with a short term view can book some profits at rallies and buy again later on dips.

2:44 PM: Buy OBC with a target of Rs 480 and stop loss of Rs 447, says Ashwani Gujral, technical analyst, on CNBC TV18.

2:40 PM: Bank stocks are likely to see further upside in the near term.

Still, investors with a low appetite for risk would do well to stay stock specific and have strict stop loss triggers in place.

2:36 PM: Mahindra & Mahindra Financial Services gains 12%

2:32 PM: Buy Tata Chemicals with a 3-4 day target of Rs 453 and stop loss of Rs 418, says Manoj Sachdeva of Hem Securities on CNBC Awaaz.

2:28 PM: Buy Hero Honda with a target of Rs 1765 and stop loss of Rs 1700, says Salil Sharma, technical analyst, on NDTV Profit

2:24 PM: Reliance Industries gains 2%

2:20 PM: Buy Ahmednagar Forgings with a 4-5 month target of Rs 180 and stop loss of Rs 110, says Nitin Murarka of SMC Global on Zee Business. Send to friends

2:16 PM: State Bank of India gains 4.65%

2:08 PM: Buy Ahmednagar Forgings with a 4-5 month target of Rs 180 and stop loss of Rs 110, says Nitin Murarka of SMC Global on Zee Business. Send to friends

2:04 PM: Housing finance stock HDFC is up 4.8% at Rs 660.65

2:00 PM: Hold DLF with targets of Rs 370 and 400 and stop loss of Rs 300, says Hemant Kale of Maia Financial Services on NDTV Profit.

1:56 PM: Reliance Communications (down 0.7%) is down in negative territory at present.

1:52 PM: Hold Ashok Leyland (Rs 73) and buy more in small quantities on dips for long term. Keep a stop loss near Rs 62.

1:48 PM: Sell Cipla with a target of Rs 296 and stop loss of Rs 312, says Krunal Dayma, technical analyst, on Zee Business.

1:44 PM: One holding Bank of India (Rs 501) with a short term view can book some profits at current levels or rallies. Fresh buying for long term can be considered at sharp declines.

1:40 PM: Buy Whirlpool on dips with a target of Rs 350-360 and stop loss of Rs 290, says Ashish Chaturmotha of Anand Rathi Securities on NDTV Profit.

1:36 PM: Buy Shree Renuka Sugars with a 4-6 month target of Rs 90-100, says VK Sharma of HDFC Securities on CNBC Awaaz

1:32 PM: Bank stocks are turning in a sterling peformance today.

1:28 PM: Buy ICICI Bank with a 5-6 day target of Rs 1140 and stop loss of Rs 1015, says Mitesh Thacker, technical analyst, on CNBC Awaaz.

1:24 PM: Hold Everest Kanto Cylinder (cmp Rs 116) with a stop loss near Rs 106. The stock could rise to Rs 125 and a breakout there could result in a surge to Rs 137 or even higher.

1:20 PM: Hold Supreme Industries with a target of Rs 715 and trailing stop loss of Rs 680, says Nikita Surekha, technical analyst, on Zee Business.

1:16 PM: Hold Exide Industries (Rs 161) and buy more in small quantities on dips for medium to long term. One looking at short term can exit at rallies and re-enter the counter at sharp declines.

1:12 PM: Buy Adani Enterprises with a target of Rs 735 and stop loss of Rs 675, says Kunal Saraogi, technical analyst, on Zee Business

1:08 PM: Buy Nifty Futures for the target prices of Rs 5650 / 5680 / higher with a stop loss of Rs 5426: ICICIDirect

1:04 PM: Buy Infosys with a 5-7 day target of Rs 2970 and stop loss of Rs 2835, says Imtiaz Qureishi, technical analyst, on CNBC Awaaz

12:56 PM: Buy Praj Industries (Rs 77) for medium term. The stock could rise to Rs 94 - 98.

12:48 PM: Buy SBI with a target of Rs 3400 and stop loss of Rs 3000, says Prakash Gaba, technical analyst, on CNBC Awaaz.

12:44 PM: Buy IDFC for the target prices of Rs 192.80/194/Higher with a stop loss of Rs 188.90: ICICIDirect

12:40 PM: Buy Maruti Suzuki with a target of Rs 1335 and stop loss of Rs 1304, says Salil Sharma, technical analyst, on CNBC TV18

12:36 PM: Buy HCL Tech for the target prices of Rs 419/421.50/Higher with a stop loss of Rs 409.80: ICICIDirect

12:32 PM: Buy Videocon Industries with a target of Rs 275 and stop loss of Rs 261, says Sudarshan Sukhani, technical analyst, on CNBC TV18 Send to friends

12:28 PM: Sell Cairn with a stop loss of Rs 330.20: ICICIDirect

12:24 PM: Sell ITC with a target of Rs 158 and stop loss of Rs 168, says Nikita Surekha, technical analyst, on Zee Business.

12:20 PM: Sell Sesa Goa with a stop loss of Rs 315.80: ICICIDirect

12:16 PM: Hold Taj GVK with a target of Rs 220 on breaking above Rs 170 and keep stop loss of Rs 155, says Nitin Murarka of SMC Global on Zee Business

12:12 PM: Buy Central Bank of India (Rs 193) for some solid short term gains. One looking at long term can pick up Vijaya Bank, UCO Bank and Syndicate Bank at declines.

12:08 PM: Hold Apollo Tyres with targets of Rs 96 and 106 and stop loss of Rs 80, says Hemant Kale of Maia Financial Services on NDTV Profit

12:04 PM: Buy Opto Circuits (Rs 307) at current levels and add more on dips. The stock is likely to give fairly solid returns over a medium term.

11:56 AM: Hold United Bank with a stop loss of Rs 105, says Pankaj Jain of Satguru Capital on Zee Business

11:52 AM: Hold MTNL (Rs 64) and buy small quantities at declines for medium term.

Though the stock may not move up sharply in the near term, the downside risk looks limited from here.

11:48 AM: Buy Indiabulls Real Estate on dips with a target of Rs 186 and stop loss of Rs 177, says Sudarshan Sukhani, technical analyst, on CNBC TV18

11:44 AM: Buy Unitech September Futures above 82.45: ICICIDirect

11:40 AM: Buy Bharat Forge at Rs 369 with a 3-4 day target of Rs 390 and stop loss of Rs 362, says Manoj Sachdeva of Hem Securities on CNBC Awaaz

11:36 AM: Buy ZEE September Futures above 292.90: ICICIDirect Send to friends

11:24 AM: Sell Sesa Goa with a target of Rs 300 and stop loss of Rs 320, says Shardul Kulkarni of Angel Broking on NDTV Profit.

11:20 AM: Buy Sanwaria Agro Oils for the target prices of Rs 58 / higher with a stop loss of Rs 48: ICICIDirect

11:12 AM: Buy Mahindra & Mahindra 660 Call at Rs 12 with target of Rs 20, says VK Sharma of HDFC Securities on CNBC TV18

11:08 AM: Buy Nagarjuna Fertilizers for the target prices of Rs 34.80/ higher with a stop loss of Rs 30.50: ICICIDirect

11:04 AM: Buy IDBI Bank with a target of Rs 145 and stop loss of Rs 137, says Salil Sharma, technical analyst, on CNBC TV18

11:00 AM: Buy SAIL September Futures above 197: ICICIDirect

10:52 AM: Buy GSFC with a 5-day target of Rs 330 and stop loss of Rs 305, says Parsh Zaveri of Zaveri Investments on CNBC Awaaz.

10:48 AM: Hold GMR Infrastructure and IRB Infrastructure if looking at medium term. Add small quantities of these stocks at sharp declines. Send to friends

10:40 AM: Buy Chambal Fertilisers with a target of Rs 87 and stop loss of Rs 72, says Ashwani Gujral, technical analyst, on CNBC TV18.

10:36 AM: Hold IFGL Refractories (Rs 56) and buy more of the stock at declines. The stock could give fairly strong returns over a short to medium term.

10:32 AM: Hold United Bank with a stop loss of Rs 105, says Pankaj Jain of Satguru Capital on Zee Business

10:28 AM: IndusInd Bank (Rs 242) could see further upside in the near term. One can stay invested in the stock. Fresh buying can be considered at declines. Send to friends

10:24 AM: Buy Chambal Fertilisers with a target of Rs 84 and stop loss of Rs 73, says Arun Kejriwal, market analyst, on Zee Business

10:20 AM: Buy SBI for the target price of Rs 2970 with a stop loss of 2950: Praveen

10:16 AM: Buy McLeod Russels futures at Rs 261 with target of Rs 268 and stop loss of Rs 258, says VK Sharma of HDFC Securities on CNBC TV18

10:12 AM: NTPC (Rs 202) is a good buy for medium to long term. One can buy the stock in small quantities on dips. Send to friends

10:08 AM: Buy IDFC with a 1-2 day target of Rs 200 and stop loss of Rs 187, says Imtiaz Qureishi, technical analyst, on CNBC Awaaz.

10:04 AM: Resistance for Sensex is at 18885: Gaba Send to friends

9:56 AM: Crucial support for Sensex on the downside is at 18700: Gaba

9:52 AM: Buy Hindalco with a target of Rs 190 and stop loss of Rs 177, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

9:48 AM: Resistance for Nifty is at 5675: Gaba

9:44 AM: Crucial support on the downside for Nifty is at 5600: Gaba Send to friends

9:40 AM: Buy HUL with targets of Rs 288 and 293 and stop loss of Rs 272, says Mitesh Thacker, technical analyst, on CNBC Awaaz.

9:36 AM: Strong IIP data has triggered some hectic buying in opening trades today.

The market could see a bout of profit taking later on in the session. One with a low appetite for risk would do well to have proper stop loss triggers in place.

9:28 AM: Buy GVK Power with a target of Rs 56 and stop loss of Rs 49, says Ashish Chaturmotha of Anand Rathi Securities on NDTV Profit

9:24 AM: Buoyed by strong industrial production numbers and a firm trend in global markets, stocks soared higher on the Indian bourses this morning.

The Sensex sailed past the 19,000 mark and is currently up 226 points or 1.2% at 19,025.

The Nifty, which vaulted to 5711.35, is up 65 points or 1.21% at 5705. Send to friends

9:20 AM: Buy Ruchira Papers with a target of Rs 24 and stop loss of Rs 20.75, says Arun Kejriwal, market analyst, on Zee Business

9:16 AM: Asian markets are trading in the positive zone this morning. The Hang Seng has gained 1.3% at 21,540. Nikkei has jumped 1% to 9,331

Source : sify.com

Bought to you by

Ingenious Investor

Equity Research Division

Ravina Consulting

No.11 AG Plaza

3rd Cross Kamanahalli

BANGALORE 560084

For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor

Market Khabar 13th Sept 2010

Buoyed by better-than-expected US data, markets across the globe had a positive week during the week ended. Ignoring the surge in food inflation and flood situation in many parts of the country, benchmark indices closed at a 32-month high.

On the BSE, the Sensex surged towards 19,000-levels closing at 18,800 gaining 579 points and the Nifty on the NSE ended 161 points higher at 5,640. The indices are now only 11 per cent below their all-time high. Market breadth continued to be positive with heightened activity in many midcap and smallcap counters. Stick to stocks that have stood the test of time.

Weekend IIP numbers were pleasant surprise with exceptional performance from capital goods sector. Despite the base effect, analysts feel that the economy is slowly inching towards high-growth path.

However, the faster-than-expected growth has also revived expectations of monetary tightening by RBI in its next review. Barring any surprises from the global front, advance tax numbers and expectations over second quarter numbers may determine near term direction of markets.

For the week ahead, chartists predict a trading range of 18,520 and 19,180 for the Sensex and 5,500 and 5,780 for the Nifty. Strong resistance can come at 18,960 and 19,100 and 5,685 and 5,740. Immediate supports are at 18,670 and 18,540 and 5,610 and 5,560. Stock markets are becoming more and more volatile. The stock market reacts to breaking news by shooting stock prices higher one day, then pounding them lower the next. So, be flexible.

FUTURES & OPTIONS
Mirroring the strong bullish undertone, robust volumes were seen in the derivative segment. Sentiment indicators like open interest, implied volatility, put/call ratio and VIX reflect a positive undercurrent. Open interest build up in the Nifty5700 strike opti-ons reflects bullish trend in the market currently.

Metal stocks are back in the limelight. Tata Steel, JSPL and Hindalco look good for targets of Rs 650, Rs 800 and Rs 210 in next few weeks. Capital goods stocks BHEL, L&T, Crompton Greaves, BGR Energy, Voltas and Cummins can touch targets of Rs 2,650, Rs 1,975, Rs 340, Rs 900, Rs 255 and Rs 800 in the near term.

US restrictions on outsourcing is unlikely to hurt IT majors significantly. Analysts feel that present sloganeering is only for election gains. Accumulate on declines good counters like Infosys, TCS, HCL Tech and Wipro. Disclosure of Satyam’s restated results may give fillip to stock price of Tech Mahindra.

Led by SBI, banking counters were on a roll. Further gains are likely in BOI, BOB, Corporation Bank, ICICI Bank, IDBI Bank, Kotak Bank, Federal Bank and PNB. Ride the boom in the sector with trailing stop loss.

Neglected sectors such as fertilisers, sugar and paper are getting a‘re-look’ from savvy punters. Stories of decontrol, price revisions are doing rounds. Adopt buy on rumour; sell on news strategy. Among the stocks looking good are Chambal Fertiliser, Dabur, Godrej Industries, HCC, IDFC, Noida Toll, Piramal Health, Opto Circuits, United Spirits and Onmobile.

A good trader need to have — A chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.

STOCK SCAN
Micro Technologies Ltd is one of the leading electronic security devices company with product diversity in various segments as vehicle, premises, mobile, other assets and now diversified into energy, health and agriculture also. The company has been listed as one of the best under $1 billion firms by Forbes. Book value of `281, trailing 12 month EPS of `45 and high OPM of 39 per cent make the stock good buy for target price of `350 in medium term.

Mahindra Forgings Ltd, a M&M group company, is one of the finest and amongst the top three forging companies in India, with an installed capacity of 42,000 tonnes. It is the largest supplier of forged components like crankshafts and steering knuckles, commanding a 40 per cent market share. Buy on declines for a price target of `200.

Analysts predict turnaround results in second quarter from Heritage Foods. Reports of improvement in the operational performance of retail division and likely demerger of it are indicated by company insiders. Stay invested for further gains.

Apart from being the second largest phosphatic player in the country, Coromandel International has made impressive strides in specialty nutrients and crop protection chemicals. Buy on declines for a target price of `900 in medium term. Select midcap companies like Crew BOS, Rane Holdings, Greaves Cotton, TIL and Foods & Inns are witnessing good buying from savvy market players. Buy on declines for steady gains in medium term. Renewed buying is likely to be seen in Vishnu Chemicals, AP Petro and Pochiraju Industries. Stay invested for further gains.

C. Kutumba Rao is a Hyderabad-based stock market analyst. The views expressed and the recommendations made are those of the author. Readers are strongly recommended to consult their financial advisors before making any financial investments. This newspaper is not liable for investment decisions made on the basis of recommendations in these columns.

Source : Deccanchronicle.com

Bought to you by :

Ingenious Investor

Equity Research Division

Ravina Consulting

No.11 AG Plaza

3rd Cross Kamanahalli

BANGALORE 560084

For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor

Market Khabar 8 Feb 2010

Markets ended in red for the third week in a row in the weekend following global worries on fiscal deficits of euro zone countries, continuous rise in food inflation and tepid response to NTPC FPO.

On the BSE, the Sensex shed 442 points to end below 16,000-level at 15,916 and the Nifty on the NSE closed 115 points lower at 4,767.

As expected market breadth continued to remain weak and jittery investors were seen cutting positions.

Sources suggest an aggressive policy action from the government to control inflation. The worst is over on inflation front.

Watch out for expectations over the Union Budget to spot likely beneficiary industries. Sources say stimulus packages will not be trimmed to a large extent and only minor tinkering is on cards. Weekend rebound in US markets from lower levels may trigger a relief rally from current levels.

For the week ahead, chartists predict a trading band of 15,550 and 16,420 for the Sensex and 4,540 and 4,960 for the Nifty.

Experts do not expect the indices to breach the 200-day moving averages at 15,530 and 4,650 levels easily and expect a mild recovery rally from current levels. Avoid aggressive shorts at current levels. Initiate fresh positions if indices sustain above 16,300 and 4,840 levels on closing basis.

You cannot tell how expensive a stock is. A stock’s value is depends on its earnings — a Rs 100 stock can be cheap if the firm’s earnings prospects are high, while a Rs 10 stock can be expensive if earnings potential is dim.

Futures & Options

High intra-day volatility is back and becoming a way of life for derivatives traders.

Overall open interest has again crossed Rs 1 lakh crore mark to settle at Rs 1,09,000 crore on Friday. As expected Nifty holds top position with 66 per cent share of the total. Contrarians tip buying of Nifty4,900 call option for unexpected returns in pre-budget rally.

Jittery market players were seen unwinding positions in bank, auto, realty and metal stocks. Punters suggest buying in SAIL, Tata Steel, Unitech, DLF and Nalco for relief rally gains. Among the stock futures looking good in an otherwise weak market are Asian Paints, Tata Power, Opto Circuits, Triveni, Essar Oil, Cummins, Mphasis and Petronet.

Buy oil marketing companies — IOC, BPCL and MRPL — for surprising returns. Side counters such as HCC, Punj Lloyd, JP Hydro and CESC are witnessing accumulation from savvy players.

Buy HCC for a target price of Rs 150 in the settlement. For the pre-budget trading, punters expect action in fertiliser, capital goods and power stocks. Buy Tata Power, Reliance Power and CESC at current levels.

Fallout from the luke warm response to the FPO of NTPC likely to be short lived. Buy strong PSU counters in the current weakness. Punters tip Engineers India, Power Finance and REC for short term.

Investors need to have realistic expectations. When expectations are too high, it results in overtrading underfinanced positions and very high levels of greed and fear, which makes objective decision-making impossible.

Stock scan

Vishnu Chemicals has posted good turnaround results. For the last nine months, the company has clocked net profit of Rs 4.18 crore in comparison to a loss of Rs 5.85 crore in the previous fiscal. Vishnu Chemicals is a world class manufacturer of chrome chemicals and animal feed ingredients and has recently set up a new state of the art manufacturing and R&D facility at Visakhapatnam. Sources indicate that the production of some peptides has also started and the company has reportedly tied up some CRAMS deals also. High promoter equity at 75 per cent reflects the confidence of the promoters. Buy at current levels for a target price of Rs 150.

Auto ancillary Subros continued its good performance on the back of reviving demand from its key clients — Maruti and Tata Motors. Volume and value led growth clearly reflect that cool times are back for the company. Buy at current levels for a target price of Rs 100.

AP Paper is reaping the benefits of its recently concluded expansion. Bettering the industry margins, the company has reported an excellent nine month performance. Stay invested in the counter for a target price of Rs 150.

Infoedge is a leading prov-ider of online recruitment (naukri.com), matrimonial (Jeevansaathi.com), real estate (99acres.com) and related services in India. The company is aggressively expanding into education, professional networking and other related segments. Buy the company’s stock at the current levels for a target price of Rs 1,300 in the next couple of months.

C. Kutumba Rao is a Hyderabad-based stock market analyst. The views expressed and the recommendations made are those of the author. Readers are strongly recommended to consult their financial advisors before making any financial investments. This newspaper is not liable for investment decisions made on the basis of recommendations in these columns.

Source : deccan.com

Bought to you by

Ingenious Investor

Equity Research Division

Ravina Consulting

No.429 Mahavir Tuscan

Hoodi Circle, Whitefield

Mahadevapura Post

BANGALORE 560048

For Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor

Indian Stock Markets BSE Sensex & NSE Nifty Outlook for 16-20 Nov 09

Derivatives: Absence of global or domestic triggers may induce horizontal moves going ahead

Though F&O suggest bullishness, the absence of any global or domestic triggers can lead to some sideway moment during the forthcoming days, but retail investors remaining nervous

Following the global market the Indian market continued to spiral up during the week ended 13^th November 2009. The spiral-up during the previous week was mainly driven by the Foreign Institutional Investors (FII) as well as the Domestic Institutional Investors (DII) who were net buyers through-out the week while the participation by retail investors were irrelevant as far as the rise is concerned. They remained net sellers during the week. It shows evident signs of nervousness prevalent in the retail investors mind. Going ahead the market will closely watch any signs of unwinding of US Dollar carry trade. Many are borrowing the dollar and investing in high yielding risky asset, which has been a major factor behind the rally in the Indian market as well. Any rise in interest rate in the US besides US$ strengthening will reverse the carry trade trend and would hit the market severely. The hardening inflation in the domestic market besides policy tightening going ahead will have a significant bearing on the domestic market. The market continued its growth momentum during the previous week with the Nifty rising by 200.30 points to close the week at 4996.45. The Nifty future closed at a premium of 6.20 points at 5002.65 on Friday. The average futures & options (F&O) volume during the week ended 13^th November 2009 was Rs 79228.39 crore.

In the F&O segment both the nifty future and some of the front-line stock future significantly added open interest (OI). For e.g. during the week the nifty added 7.92 lakh shares in OI and the total OI stood at 2.77 crore shares as on Friday. 9.71 lakh shares of OI were added during Friday.

Reliance added 55 thousand shares whereas Tata Steel and Tata Motors added 13.45 lakh shares and 24.81 lakh shares in OI respectively during the week ended 13^th November 2009. Other major front-line stock futures viz- Infosys, ICICI Bank, DLF and Maruti added OI during the week under review, whereas Unitech, Sail and Rcom shed OI.

Volume in the Futures & Options segment of the NSE (Turnover (Rs. Crore.)
Date	Index Futures	Stock Futures	Index Options	Stock Options	Total
30-Oct-09	19335	20280	36957	1765	78337
3-Nov-09	18772	18585	42334	1883	81574
4-Nov-09	16337	18084	35787	2032	72239
5-Nov-09	24104	21408	48721	2265	96499
6-Nov-09	16576	19259	39632	1929	77395
9-Nov-09	15328	17800	38812	1863	73802
10-Nov-09	16991	21511	40210	2296	81008
11-Nov-09	17546	20564	46544	2310	86964
12-Nov-09	18831	19816	41012	2431	82090
13-Nov-09	15878	16889	37663	1849	72278
Source: NSE

Overall the market wide OI on Friday stood at 173.67 crore shares, thus gaining by 2.04 crore shares as compared to the previous trading day. Index future added just 11 lakh shares in OI whereas the major addition was witnessed by the stock futures. (See table OI breakup).

Open Interest (OI) break-up as on 13th November 2009
	Open Interest (OI)*	Change**
Market wide	173.67	2.04
Index Future	3.23	0.11
Stock Future	131.59	0.54
Index Options	11.96	0.25
Stock options	26.89	1.14
* No of shares in crores ** Change is vis-à-vis previous day Source: NSE

In the nifty option segment in-the-money strike nifty call witnessed unwinding of OI whereas at-the-money and out-of-the money nifty strikes witnessed addition of OI signifying fresh call buying at these strikes. However both out-of-the money and in-the-money nifty puts witnessed aggressive put writing signifying strong bullishness as far as the option indicators are concerned.

For the full week under review the nifty 5000 and 5100 strike call added 4.58 lakh shares and 14.34 lakh shares in OI and the total OI of both these strikes as on Friday stood at 38.72 lakh shares and 33.22 lakh shares respectively. The 4800 and 4900 strike puts added 32.25 lakh shares and 43.19 lakh shares in OI respectively during the week under review. Further the 5000 and 5100 strike puts added 32.96 lakh shares and 7.26 lakh shares in OI. Such aggressive put writing of these strikes indicates bullishness as the market expects the nifty underlying to easily cross these strike levels. (See most active Nifty options table).

Most active Nifty options (November series)
	OI
Call
Nifty 4700	2278650
Nifty 4900	3045900
Nifty 5000	3872050
Nifty 5300	1869600
Put
Nifty 4800	6239200
Nifty 4900	5614200
Nifty 5000	4621700
Nifty 5100	1075350
Source: NSE

Top 10 Open Interest (OI) gainers in November series stock futures on 13th November 2009
Scrip Name	OI*	Change*	% Change
TECHM	948600	213600	18
SUNTV	339000	76000	18
JSWSTEEL	3567508	763024	18
PATELENG	726000	127000	15
BOSCHLTD	3000	500	14
PATNI	1004900	133900	12
NAGARCONST	2090000	260000	11
IVRCLINFRA	2666000	286000	10
TCS	4911000	516000	10
SINTEX	547400	56000	9
* No of shares Source: NSE

Top 10 Open Interest (OI) losers in November series stock futures on 13th November 2009
Scrip Name	OI*	Change*	% Change
BANKINDIA	1924700	-265050	-16
BRFL	5027800	-525550	-12
PTC	5205250	-538150	-12
APIL	680400	-70200	-12
ROLTA	3357000	-340200	-11
FSL	25156000	-2432000	-11
LITL	2139214	-160776	-8
UNIONBANK	1523550	-114450	-8
AXISBANK	2807100	-180000	-7
POLARIS	3679200	-226800	-7
* No of shares Source: NSE

Although the market remained at high and the F&O indication are also suggesting bullishness, a lot will depend on the activity in the foreign market in the absence of any major domestic triggers. The market may continue its growth momentum citing global market. Also in the absence of any global or domestic triggers some sideway moment is expected during the proceeding days. The nervousness among retail investors still persists as evident from their lack of participation in the recent rally.

Source:Capital Market

Bought to you by :

Equity Research Division

Ravina Consulting
B-429 Mahavir Tuscan
Whitefield, Hoodi Circle
Mahadevapura Post
BANGALORE 560084

www.twitter.com/smartinvestor