SHORT TERM BUY - EVEREST INDUSTRIES

Everest Industries
BSE: 508906  NSE: EVERESTIND   CMP :170.80
buy everest industries around 170.00 and below levels for a short term one month target of  196.00 with a stoploss of 164.00.fundamentally good stock with good book value and EPS, can hold for long term in your fortpolio.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUG 01- MONDAY

  
The Spot Nifty is now at 5482 – down -5.75 points or -0.10 % from its previous close.

Nifty Futures on Friday settled at 5490.55 down by -8.15 or -0.15 %.

Now some short recoveries can be seen in coming trading sessions. 5500 is still acting as a crucial level for the market as Nifty is hovering more or less around the same level. It may face its first resistance at 5509 and next resistance level is seen near 5529 for Intraday.
Support levels are- 5472-5440.


 CORPORATE ACTIONS FOR AUGUST 1
Company               EX-Date          Action
Arvind Intl-$        1-Aug-11        Right 6:5
Associated Ston   1-Aug-11        Dividend of Rs. 1.00
Brigade Enter       1-Aug-11        Dividend of Rs. 1.50
Gillanders Arb      1-Aug-11        Dividend of Rs. 4.50
Greenply Inds       1-Aug-11        Dividend of Rs. 1.00
Page Inds              1-Aug-11        Final Dividend of Rs. 4.00
Piramal Glass         1-Aug-11        Dividend of Rs. 3.50
SIGNET IND        1-Aug-11        Final Dividend of Rs. 1.25
Suven Life              1-Aug-11        Dividend of Rs. 0.25
TCFC Finance       1-Aug-11        Divicend of Rs 1.50

CALL REVIEW - WABCO TVS

wabco tvs recommended on march 01,2011 at 932.00 for  medium term. after five months of recommendation wabco tvs yesterday touched a yearly new high of 1324.80.stock gained morethan 40% in five months time.one can book partial profits and hold the rest for long term gains.below is the original post recommended on march 2011.

Tuesday, March 1, 2011
medium term buy - WABCO TVS

WABCO TVS CMP: 932.00

WABCO-TVS (India) Ltd. manufactures automotive parts. The Company produces electronic braking, stability, and suspension and transmission control systems for heavy-duty commercial vehicles, luxury cars, and sport utility vehicles. 


WABCO-TVS is a safe bet. Its currently trading at a P/E of little less than 15. Liabilities are well managed. NPM is healthy at 15% which has improved marginally from last years 13%. Revenue has grown 33% YoY and PAT has grown at 50% YoY. Auto industry is growing at a decent pace and is expected do well. Buy, Accumulate on dips of 10% and hold for medium and long term gains. 

Viom Networks offers to buy GTL Infrastructure for Rs 7,500 crore

    Telecom tower companyViom Networks has made a 7,500-crore offer to buy out its competitorGTL Infrastructure, two executives directly aware of the development told ET.
 Talks are continuing, as there is a valuation mismatch -GTL promoters are learnt to be eyeing valuations of over 10,500 crore (excluding its debt), the executives quoted above said.
They also added that earlier rounds of talks held during first week of July had not make any headway as Viom was not keen on the merger option being proposed by bankers. Viom had made this offer to GTL last week.

SBI Capital Markets is advising Global Group, the parent company of GTL and GTL Infrastructure, on the possible sellout or stake dilution.

Viom’s CEO Arun Kapoor declined to comment when asked specifically if the company had made a 7,500-crore offer to GTL. Viom is 53% controlled by the Tatas, while Kolkata-based Kanorias, founders of Srei, have 27% with foreign institutional investors holding the remaining 20%.

The founder and promoter of Global Group, Manoj Tirodkar, refused to comment, but the company in an e-mail reply to an ET query said: “There are many aspirants who want to acquire our assets or partner with us.

Viom has not entered into any formal discussion with us and hence the question of 7,500 crore or the 10,500 crore being value does not arise. The fact that players like Viom continues to approach and show their interest in GTL Infra is a tribute to the business we have built.”

GTL’s debt is estimated to be around 14,000 crore. The executives quoted above also clarified that Viom’s offer to GTL was subject to two conditions. First, theGlobal Group must reduce its debt in its tower arms to about 7,500 crore post the restructuring. Viom is of the view that GTL cannot sustain a higher debt based on its current cash flows.

Next, Viom has also said that its offer is valid only for a limited period as it shares the view that its competitor’s valuations will erode further if the company fails to meet its service level agreements with respect to its clients, they added.
But an executive close to GTL admitted that Viom had made ‘several offers’ while adding that a deal would be possible only if the offer was ‘valuable to the company and its lenders’.

SHORT TERM TARGET HIT - JUMBO BAG

jumbo bag recommended on july 22 at 23.00 for a short term target of 27.60. those who taken risk and bought this stock now enjoy 20 % profit as stock hits today 27.40.(i have recommended this for risk takers only)

SUZLON - TURNAROUND LARGECAP STOCK

Does recent stake sale in one of it’s subsidiaries by Suzlon Energy and it’s recent financial performance makes it an attractive large cap stock to buy? Let’s have a look at the facts and numbers to figure it out.

Recently Suzlon Energy sold it’s 26.06 stake in Netherlands-based Hansen for about Rs 830 crores. No doubt this stake sale is a positive development for Suzlon Energy as it is saddled with high debt in its’ books.

Also, it is expected that Suzlon would consolidate REpower (another wholly owned subsidiary) with it. This consolidation would give Suzlon access to funds worth Rs 1,700 crore of REpower. Also expected is realization of about Rs 1,000 crore receivables from a debtor. These developments would ease some of company’s debt worries. Founder and CMD of Suzlon Group has explicitly said that this deal is in line with their strategy to optimise and strengthen the balance sheet.

With above mentioned sources of funds of Rs 3,500 crore when combined with estimated cash flow from operating activities of Rs 1,000 crore in 2011-12 will enhance cash availability to Rs 4,500 crore. This will provide good liquidity for company to meet obligations.

“Suzlon needs to raise funds for the potential redemption of legacy FCCBs of $480 million (Rs 2,100 crore, at conversion price Rs 76-98 per share) which is due in FY13/14,” as per analyst at JP Morgan. About Rs 1,770 crore are due for redemption in the next financial year.

Company has almost Rs 10,200 crore (as on March 2011) of debt. These sources of funds should certainly prove positive for profits, as it will help reduce debt levels as well as interest costs.

Suzlons’ returning to profitability?
Company posted losses for two consecutive years. Stock market analysts are expecting the company to report about Rs 500 crore worth profits in the current financial year and Rs 900 crore in 2012-13. The order book of company has also seen increments that would give it a better revenue visibility. Suzlon could be well on its way to turnaround as a profitable company again very soon.

Company is expected to grow it’s revenue almost in the tune of 30% this financial year (3400 MW wind power equipments against 2372 MW last year).

Stock Valuations
Suzlon posted net profits of Rs. 309.82 crores for quarter of Mar ‘11. Earlier in Dec.’10 quarter it had posted net profit of just Rs. 1.2 crore. This profitable turnaround would soon start translating in stock price appreciation. As mentioned above, analysts are expecting profit of Rs 500 crores this FY and Rs 900 crores next FY. If everything goes as per this, Suzlon could provide good returns to it’s investor’s in next 3 - 4 years time frame. One may buy stocks in small quantities at every dip for long term portfolio.

SHORT TERM BUY CALL - WPIL

WPIL BSE: 505872   CMP : 196.00 buy wpil ( bse only) around 195.00 for a short term one to two months target of 221.00. maintain stoploss level at 187.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR JULY- 29 FRIDAY

  Indian markets still could not get over the effect of RBI monitory policy and continued its bearish trend on third consecutive day. The 50 shares Nifty went down by 56.05 to close below 5500 mark at 5487.75. Out of 50 stocks in NSE Nifty, 37 ended in red zone.

The Futures derivative of NSE index (Nifty Futures) dropped 59.65 points and closed at 5488.25 down by 1.08%. Now the market may take a recovery move from here and some upside levels may be seen in near term. The crucial support level for downside is seen near 5440-20 and I nifty breaks the same, it can suffer some serious sell offs. Resistance is residing near 5500-5522 levels.
for day traders It is advisable to Buy Nifty above 5510 for the targets of 5540-5567 with strict stop loss.

SHORT TERM BUY CALL - JHS SVENDGAARD

JHS Svendgaard Laboratories
BSE: 532771   NSE: JHS    CMP : 41.00 . buy jhs swendgaard ( little risk) around 40.00 levels for a short term target of 48.00 with a strict stoploss of 37.00.stock is at its 52 week low right now, good time to buy now.add more if go down further.exit only if cross below 37.00.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR 28 JULY-THURSDAY

 It was a Choppy trade for Indian Markets and NSE's Nifty closed it session On Monday in Negative terrain after a loss of 28.05 Points. Nifty closed at 5546.80.

Nifty futures lost 26.55 points to end at 5547.80 and now Nifty can trade higher if it manages to stay above 5570 level. It can face the firts resitance near 5567 marke above whihc the next resistance could fall close to the lavel of 5685.
Below 5527 Some selling pressure could be seen and Nifty can fall down to 5510-5500 mark. Support Range for Nifty is 5528-5510.

TARGET HIT ON SAMEDAY - LA OPALA RG

today recommended la opala rg made an intraday high 124.00. (was recommeded for a one month shortterm target of 121.00)one month target reached on same day.

IPO - EVERYONE SHOULD SUBSCRIBE

L&T Finance Holdings Limited
Price Band: Rs 51 to Rs 59
Issue Opens on: July 27, 2011 | Issue Closes on: July 29, 2011 IPO - ISSUE DETAILS
Issue Opens: July 27, 2011
Issue Closes: July 29, 2011
Lot Size: 100 Shares & in multiples of 100 shares thereafter
Price Band: Rs.51 - Rs.59
Issue size: Rs 1245 crore
IPO Grading  -  IPO GRADE 5
Issue Highlights (Source: BRLM/RHP)
L&T Finance is the holding company for the financial services business of the group and operates through four units that manage the mutual fund, asset financing, infrastructure financing and working capital funding businesses. 
Issue proceeds are proposed to be used for augmenting the capital base of L&T Finance and L&T Infra to meet the capital requirements arising out of expected growth in their assets, primarily the loan portfolio.

SHORT TERM BUY CALL - LA OPALA RG

La Opala RG

BSE: 526947    NSE: LAOPALA  CMP : 106.60 .buy la opala rg below 105.00 levels for a short term one month target of 121.00 with a stoploss  of 100.00

NIFTY LEVELS -INTRADAY TREND ANALYSIS FOR JULY 27 WEDNESDAY

RBI's Credit policy announcement had an adverse effect on Indian benchmark indices and National Stock exchange's Nifty Had to tumble 1.86%. Nifty lost 105.45 points to close at 5574.85.

The Nifty Futures shut shop at 5577.30 down by -113.35 or -1.99 %.

On Wednesday, the market is likely to face a choppy session and Nifty futures may remain consolidated until it breaches the crucial 5616 mark on the upside.

More selling pressure could be seen below 5530 mark.

Support and Resistance zone for Nifty are seen as 5535- 5595 and 5516-5655.

SHORT TERM BUY CALL - ILFS TRANSPORT

ILandFS Transportation Networks

BSE: 533177    NSE: IL&FSTRANS  CMP :219.00 buy  ILFS TRANSPORT below 218.00 with a stoploss of 210.00 for a short term target of  245.00 in one to two months.

CHEMPLAST SANMAR - PENNYSTOCK VIEW

Chemplast Sanmar has reported a net profit of Rs 2 crore in the quarter ended June 2011 against loss of Rs 22 crore in the corresponding quarter last fiscal.

Net sales went up over 29% to Rs 502 crore from Rs 388 crore Year-on-Year.

i have recommended this stock on june 28th in penny stocks section at 6.75. stock touched 8.60 yesterday (nearly 30% rise).one can buy for long term as this stock can cross 15.00 in one year.( to view full report on this stock see penny stocks section)

SHORT TERM BUY CALL - SIYARAM SILK

Siyaram Silk Mills

BSE: 503811  NSE: SIYSIL  CMP : 382.00 . buy siyaram silka around 380.00 and below levels for a short term target of 414.50. for few weeks holding.no stoploss.

INTRADAY TREND ANALYSIS FOR 26 -JULY, TUESDAY

Today Nifty made a drastic upward move, Nifty opened at 5634 and after making low of 5617 buying was seen in market and made intraday high of 5700.
Nifty settled at 5680.30 which is up by 46.35 points or 0.75%.
Nifty Futures finally settled and closed at 5687.70 which is up by 42.15 or 0.75 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5790 or below the support level of 5610 it would be in a downward trend.
Nifty Futures Support and Resistance Levels for Tuesday:-
Resistance1-  5790 & above this level Resistance2-  5900.
Support1-  5610 & below this level Support2-  5490.

SHORT TERM TARGET HIT - BEDMUTHA INDUSTRIES

buy call given on july 15th for bedmutha industries at 130.00  for a short term target of 146.00. stock touched 147.00 today and reached my target price 146.00 exactly in six days.

BUY ON DIPS - EDUCOMP

Educomp Solutions

BSE: 532696    NSE: EDUCOMP  CMP : 374.00. buy educomp solutions on every dips for a short term target of  410.00 . no stoploss. over all safe scrip with 90% fii and promoters holding.

SHORT TERM BUY CALL - POLYPLEX

Polyplex Corporation

BSE: 524051    NSE: POLYPLEX  CMP : 194.00 .  buy polyplex  below 193.00 for a short term target of 220.00 with a stoploss of 187.00

INTRADAY TREND ANALYSIS FOR 25 -JULY, MONDAY

It was a sudden up move for the market on Last trading day of the week and Nifty ended with very positive note due to firm global cues. Nifty could able to cross 5600 mark and with a gain of 92.35 point, closed at 5633.95. Though it was a good move but it can not said to be breakout for the market to catch the rally. Global concerns are still there and market may take even reverse move from here.
Futures derivative of NSE Index also rose up by 97.40 points and finally settled at 5641.60 .
Technically first crucial resistance is likely to fall near 5670 above which Nifty futures may test levels like 5690-5720. Below 5600 it may fall down to 5570 mark.

FOR RISK TAKERS ONLY - JUMBO BAG

Jumbo Bag

BSE: 516078    NSE: JUMBO  CMP : 23.30. risk taking investors can buy jumbo bag at 23.00 below levels for a short term target of  27. 60 (20% upside) with a stoploss of 20.70 ( 10 % downside.)

LONG TERM FORTPOLIO STOCKS

the following stocks are personally iam holding in my fortpolio.you can buy this stocks for minimum two years holding. short term traders dont enter into this stocks.
1.MRPL
2.KPR MILLS
3.AMBIKA COTTON MILLS
4.JAI BALAJI INDUSTRIES
5.SKS MICRO FINANCE
6.TILAKNAGAR INDUSTRIES
7.KS OILS
8.MCLEOD RUSSEL
9.SUZLON
10.MAHINDRA SATYAM

SHORT TERM BUY CALL - GARDEN SILK

Garden Silk Mills

BSE: 500155   NSE: GARDENSILK   CMP : 95.65 . buy garden silk below 95.00 for a short term one month target of 108.00 with a stoploss of 89.00

INTRADAY TREND ANALYSIS FOR 22 -JULY, FRIDAY

The market is continuously going down and showing result in red points, today Sensex closed at 18,436.19 with -66.19 down points or -0.36% negative. And the Nifty closed at 5,541.60 with -25.45 negative points or down by -0.46%.

On the other side in the Derivatives Nifty Futures: it closed with -22.50 down points and settle at 5,547.05 down by -0.40%. So over all market was down today and it may start with same manner in next trading session.

In Nifty technically the market is in a typically sideways zone with 5470 as a strong support zone to work with and 5620 as a strong resistance zone to work with.It is looking bearish in the coming trading session if it manages to trade below the support level of 5470 else above the resistance level of 5620 it would be bullish trend. 

RESISTANCE: It has first resistance close to the level of 5620 & above this level the next resistance is seen near the 5680 mark. 

SUPPORT: It has first support close to the level of 5470 & below this level the next support is seen near 5420 mark.

MEDIUM TERM BUY - HINDUJA VENTURES

Hinduja Ventures

BSE: 500189  NSE: HINDUJAVEN  CMP : 349.00
Hinduja Ventures is a holding company for Real Estate,
Cable TV and Media businesses. Also, the company plans to incubate new
businesses which might lead to higher profitability in future. The
Company intends to foray into Power and Health Care. The Company has a
market cap of Rs 700 cr with a net worth of Rs 645 cr and cash &
investments of Rs. 305 cr. It has a strong treasury business with BV
of investments of Rs320cr whose current value is Rs450cr.

Robust media business: The company is one of the top 3 MSO in the
country with presence in 26 cities in India and having a rev of
Rs400cr with Rs121cr of EBITDA. The growth rate in this segment is
likely to be strong with increased digitization in the country. Any
increase in FII cap to 74% will be a positive trigger. Also the
company aim to list its media company in FY12 which might unlock
significant value.

Incubating new business: The company plans to become a holding company
for various new businesses being identified by the group. In FY11, it
invested in real estate, NBFC and power which aims to grow
significantly over a long run. Any upside from this investment will
unlock value in long run.

Treasury business:  In FY11, the market value of its treasury
portfolio increased significantly from Rs230cr to Rs450cr. The company
books some profit and utilize to grow its other businesses.

Valuations: At the current market price of Rs 345, the stock is
trading at roughly 8 times F.Y.11 and provides for significant upside.

VIEW ON MAHINDRA SATYAM

Mahindra Satyam is one of the leading global IT business consulting services company.It offers IT business consulting services across the world and also have development and delivery centres in the US, Canada,Brazil,UK,Hungary,Egypt,UAE, India etc.The market was grossly disappointed with the numbers of Mahindra Satyam for Q4FY11. It posted a consolidated net loss of Rs.327 crore despite a 7.5% rise in revenue. But this loss was mainly on account of the one time exceptional expenditure spent on lawsuit settlement.Exceptional items was to the tune of Rs.571.5 crore in Q4FY11 related to restructuring, forensic investigation and litigation support, class action settlement consideration and provisioning for impairment losses in subsidiaries. And for FY11, exceptional expenditure was placed at Rs.641 crore. So till date the company has paid off US$ 125 million on class action cost, $10 million as US Securities and Exchange Commission (SEC) cost and $70 million for Upaid lawsuits.

The good part is that the company has completed cleaned up its books after the scam. It will now begin FY12 truly on a clean slate.Volumes have started picking up which rose 3.5% in FY11, mainly on the back of business from America and Asia-Pacific.And indicating the turnaround is the fact that it plans to hire around 17,000 people in current fiscal.

Its current headcount is at 30,000.Its merger with parent company, Tech Mahindra is still quite far away as it is looking at a horizon somewhere by mid next fiscal.Baring this exceptional expenditure, overall, the company had done well and current fiscal could be its true turnaround year.Hold on to the scrip as the new avatar may just roar in the present fiscal.

INTRADAY TREND ANALYSIS FOR 21-JULY, THURSDAY

Despite of positive Global cues the market shaved off all the morning gains and ended in red terrain. After making day high of 5647.35 in early hours of the session Nifty started falling till 92.25 and touched an intraday low of 5555.10 mark then finally Closed at 5567.05 down by 46.50 points from its previous close.

Nifty Futures closed at 5565.90 and dragged 58.40 points behind the previous close.

It is likely to trade in narrow range of 5545-5660 and below 5545 its is likely to trade with negative bias. A move above 5600 mark may bring some momentum in Nifty to touch 5660 and 5700 mark later.

Resistance for nifty is seen near 5660 mark above which the next resistance is 5720.

Support range for Nifty is 5545-5480

SHORT TERM BUY CALL - PAREKH ALUMINEX

Parekh Aluminex

BSE: 532606     NSE: PARAL  CMP : 268.00  buy parekh aluminex around 265.00 levels and on dips for a short term target of 290.00 with a stoploss of 258.00

INTRADAY TREND ANALYSIS FOR 20 -JULY, WEDNESDAY

The consolidation phase of market was breached today and Nifty could above to touch 5600 mark on Tuesday. Nifty Futures gained 46.25 points to close at 5619.00 mark.Market is likely to remain range-bound to slight bull for the day but an unexpected move above 5655 may empower Nifty to move on higher levels and it may touch 5675-5700 levels. Below 5595 Nifty futures may drag to 5570-5538 Levels.

SHORT TERM BUY CALL - ANDHRA SUGARS

Andhra Sugars

BSE: 590062     NSE: ANDHRSUGAR  CMP : 100.50.  buy below 100 levels for a short term one month target of 117.50 with a stoploss of 95.00

TARGET HIT- IDFC

buy call given on june 30th in IDFC at 129.00 for a short term target of 144.00. stock touched 144.30 today and exactly hit the target in 20 days.

TARGET HIT - TEXMO PIPES

texmo pipes recommended on july 14th at 39.00 for a short term target of 45.00. stock touched 45.75 today and exactly reached my target in one week.

SHORT TERM BUY CALL - SUTLEJ TEX

Sutlej Textiles and Industries

BSE: 532782   NSE: SUTLEJTEX  CMP:  200.95 buy sutlej tex below 200 levels for a short term target of 227.00 with a stoploss of 193.00.good book value and eps also good.can hold for long term also.

INTRADAY TREND ANALYSIS FOR 19 -JULY, TUESDAY

A moderate sell off was seen by Indian markets today due to weak global cues. It was a choppy session for Nifty and make ended the second consecutive day with consolidation mode and The S&P CNX Nifty closed at 5567.05 and dragged -14.05 points or -0.25 %.

Nifty Futures lost 17.55 points and finally settled at 5569.40.

From here A slight bull trend is seen in market and If Nifty Futures trades above 5580 then it may touch 5600 mark again. And a broad bullish run can be seen above 5621 level.
Below 5555 nifty is looking bearish.

Promoters of 125 companies face risk of losing control

Promoters of as many as 125 big and small companies have pledged over 75% of their holdings, according to the latest data available with the exchanges.

As these are offered as either collateral for some financial accommodation or to raise funds in their personal capacity, any further fall in the value of shares thus pledged, makes them vulnerable.

In the case of 15 companies, including Tata Coffee , Gujarat Pipavav Port , Kingfisher Airlines and Tuticorin Alkalies , promoters have pledged their entire stake in the company with financiers to raise funds.

Other prominent companies in which promoters have pledged significant stake with financiers include Gujarat NRE Coke (along with DVR shares), Essar Oil , Dunlop India , Bilcare , Sakthi Sugars , United Spirits , Orchid Chemicals , Uflex and Kouton Retails . Mr Arun Kejriwal of KRIS Securities said that the degree of vulnerability depends on the institutions with which promoters have pledged their shares.

He said if the shares are pledged with banks, then they would not face much pressure, as banks generally offer time to promoters to put up additional collateral.

In that case, the promoters could bring in other assets as collateral.

However, if the shares are pledged with non-banking finance companies or other entities, promoters may not enjoy much latitude.

There is a high possibility that the shares may be put on the block if the promoters either fail to put up additional securities or redeem a portion of their loan immediately.

The lenders might simply offload the stake in the market should the share prices fall below their threshold limits.

“Going forward, retail investors have to take this as a critical input for their investment decision.

“They have to be extremely careful about small companies because the sustainability power of large companies for margin calls is relatively better,” said Mr Jagannadham Thunuguntla, Head of Research and Chief Strategist with SMC Global Securities.

“A lot of the promoter funding is done by NBFCs, which have an appetite for high risk funding at high interest rates. Their own cost of funding has gone up after the rate hikes, and promoters' ability to pay back borrowed money is under question, resulting in a sell-off in many cases,” said a research report from Swastika Investmart.

(source : money control )

SHORT TERM BUY CALL - APAR INDUSTRIES

Apar Industries

BSE: 532259    NSE: APARINDS CMP : 232.00. buy aparinds below 231.00 for a short term target of 260.00 with a stoploss of  223.00 for a few weeks holding.

STRONG BUY RECOMMENDATION - SANGAM INDIA

Sangam (India)

BSE: 514234   NSE: SANGAMIND  CMP : 39.65 . buy sangam india at current levels and on dips for a target of  48.00 and 60.00. currently highly undervalued stock with strong fundamentals.just buy and hold..both targets can be achieved in coming months.i strongly recommend buy this stock  for everyone.

INTRADAY TREND ANALYSIS FOR 18 -JULY, MONDAY

After Making intraday high during the opening hours, the market slipped into red zone due to fall in auto and metal stocks. The Nifty index closed below 5600 level at 5581.10 down by 18.70 points. The Intraday High and low for nifty were 5631 and 5562.75 respectively.

Nifty futures closed and settled finally at 5591.25 which was 9 points below its previous close. The market is likely to remain bearish for next trading session and if market trades below 5540, it may see some lowers levels  like 5500-5470 but an unexpected rally above 5655 may take nifty higher up-to 5700 levels.

8 STOCKS INCLUDED IN F&O SEGMENT

the following stocks are included in futures and options segment with effective from july 18, 2011.

S.No
Name of the Company
Symbol
Lot size
1.ARVIND LIMITED
ARVIND
4000
2.BF UTILITIES LIMITED
BFUTILITIE
500
3.GITANJALI GEMS LIMITED
GITANJALI
1000
4.JSW ENERGY LIMITED
JSWENERGY
4000
5.JUBILANT FOODWORKS LTD
JUBLFOOD
250
6.THE SOUTH INDIAN BANK LIMITED
SOUTHBANK
9000
7.TTK PRESTIGE LIMITED
TTKPRESTIG
125
8.VIP INDUSTRIES LTD
VIPIND
500.

The new contracts will be available for trading from July 18, 2011.

SHORT TERM BUY CALL - BEDMUTHA INDUSTRIES

Bedmutha Industries

BSE: 533270    NSE: BEDMUTHA CMP: 132.30. buy below 132.00 for a short term one month target of  146.00 with a strict stop loss of 127.00

INTRADAY TREND FOR 15 - JULY FRIDAY

The market traded so unpredictably today and ended with a flat note. Strarting with negative bias, Nifty touched an intraday low of 5541.70 and then in the second half it recovered so nicely and rallied 112.25 points to make an intrday high of 5653.95 . But a sudden fall was seen in las trading hours and market ended the session in a flat note and the index finally Closed at 5599.80
Nifty Futures finally settled at 5585.10 down by 14.65 points.
From here if Nifty futures trades above 5630 level, it can see some higher levels like 5660-5685 and even 5700 later The crucial resistance range for Nifty is 5633-5665 and support levels are- 5565-5538.

MEDIUM TERM PICK - JBF INDUSTRIES

 JBF Industries

BSE: 514034    NSE: JBFIND  CMP :159.00 
JBF Industries (JBF) is amongst the largest polyester chip manufacturers in the
world with a capacity of around 1 million tonnes per annum, catering to
polyester filament and bottle manufacturers. The location of its plants gives it
easy access to raw material suppliers and end consumers, thereby making it
cost competitive. We maintain our fundamental grade of 3/5, indicating that
its fundamentals are good relative to other listed securities in India.
After forward integration, JBF planning to go backward
The company expanded its chip capacity in India to 550,800 tpa in FY09 from
216,000 tpa. As a de-risking strategy, the company has forward integrated
into filament yarn manufacturing and is using its own chip capacity for the
same. JBF is now planning to set up a purified terephthalic acid (PTA) plant of
1.12 mn tonnes per annum in Mangalore SEZ by mid 2014. PTA is one of the
major raw materials for polyester chip manufacturing; by FY15, output from
this plant will suffice JBF’s requirement of around 1 mn tonnes of PTA and will
lead to better margins.
UAE subsidiary to become a significant contributor to revenues
JBF RAK LLC, the 100% UAE-based subsidiary, has a 1,100 tonne per day
(tpd) polymerisation plant that produces bottle-grade PET chips (900 tpd) and
polyester films (200 tpd). Its share in consolidated revenues rose to 45% in
FY11 from 20% in FY08 on account of capacity additions in the chips and film
segments; it is expected to remain the major contributor going forward,
supported by the fast-growing Middle East market.
Polyester demand to grow at 8-9%, competition to remain intense
We expect demand for polyester to grow at a CAGR of 8-9% from FY11 to
FY16, on account of rising per capita consumption of textiles and better
competitiveness of polyester filament as compared to cotton yarn. However,
the polyester market will also continue to witness intense price competition.
Key risk – price volatility and execution of PTA plant
Volatility in raw material prices, intense competition, JBF’s exposure to foreign
exchange risk, and project execution risks are some of the concerns facing the
company.
Revenues to grow at 10%; margins to decline
We expect JBF’s top line to grow at a CAGR of 10%, from Rs 64.7 bn in FY11
to Rs 79 bn in FY13E. EBITDA margin rose to historical highs on account of
higher realisation in polyester films. Going forward, we believe film prices will
decline, and we expect EBITDA margin to return to sub 12% in FY12 and FY13.
Valuation: Current market price has strong upside
We have used the discounted cash flow method to value JBF and arrived at a
fair value of Rs 229. At this value, the implied P/E multiples are 5.5 FY12E and
4.5 FY13E earnings.

SHORT TERM BUY CALL - TEXMO PIPES

Texmo Pipes and Products

BSE: 533164   NSE: TEXMOPIPES  CMP : 39.15.  buy texmo pipes below39.00 for a short term target of 45.00 in one month with a stoploss of 36.25

3 bomb blasts in Mumbai; 21 killed, 110 injured

At least 21 people have been killed and 110 others injured in three bomb blasts that rocked Mumbai on Wednesday evening in the crowded Dadar, Opera House and Zaveri Bazar areas. Maharashtra Chief Minister Prithviraj Chavan confirmed that the 13 deaths reported include casualties from all the three locations hit by the blasts.

Union Home Ministry confirmed that the blasts are terror strikes and added that Improvised Explosive Devices were used at all the three locations.

"We have information of three blasts. We have rushed teams of NSG (National Security Guards) and NIA (National Investigating Agency) to Mumbai. One blast has taken place in a Maruti Esteem car and one in a motorcycle," said Union Home Secretary RK Singh said.

The blast at Dadar took place in Kabutar Khana, in the two-storey JK Building at Tata Road No. 1 in Opera House and at Khaul Gali in Zaveri Bazar.

Wednesday blasts took place just two days after the fifth anniversary of the Mumbai serial train blasts on July 11, 2006 in which at least 186 persons were killed.

The blasts took place within minutes of each other with the first being reported at 6:50 PM in south Mumbai's Zaveri Bazaar, near the famous Mumbadevi temple, in which some people were injured, said Mumbai Police spokesperson Nisar Tamboli.

The second explosion was reported in a taxi in Dadar area, he said. "We are verifying the nature of explosions. At this moment I cannot say anything more than this," Tamboli said.

According to an eyewitness a fire that broke out in Zaveri Bazar following the blasts has been brought under control.

Police, ambulance, home guards and fire brigade have been rushed to the spot.

A Border Security Force plane has left for Mumbai from New Delhi with NSG personnel, forensic experts and senior NIA officials.

The injured have been rushed to JJ Hospital, GT Hospital, KEM Hospital and St George's Hospital.

Home Minister P Chidambaram has called a high-level meeting in the wake of the blasts.

Security alerts have been issued in all major cities including New Delhi and Kolkata after the blasts in Mumbai.

INTRADAY TREND FOR 14- JULY THURSDAY

After three consecutive negative sessions, Market on Wednesday showed a very good bounce back and with all sectors closing in green, Nifty gained a significant figure.

S&P CNX Nifty Index with gain of 1.07% scaled 59.30 points from its previous close and closed at 5585.45.

The futures derivative of the index finally settled at 5608.25 with a gain of 68.30 points (1.23 %)

Nifty is likely to remain range-bound on Thursday as nothing in fundamentals is like which can assure a upside momentum from here. But technically if Nifty breaches 5650 level then above the same it may touch 5700-5720 levels.Near 5560 level is residing the support level below which it may touch 5429-5400 levels.

INTRADAY TREND FOR 13 - JULY WEDNESDAY

market is Full On under selling Pressure both market indices is end at red point and come to at 1.75 % loose. Today all sectors end at negative point and main looser for today were IT,realty,consumer,capital Goods.

Below expectations quarterly results from Infosys and weak industrial growth data took their toll on the markets and both benchmark indices closed with significant losses.Sensex closed at t 18412, down 310 points from its previous close.and it is expected that market will be in under selling pressure for coming days.

Nifty Trend Fo 13 July:- Today Nifty is closed at  5526, down 90 points.and its is estimated that Nifty may be in under pressure tomorrow onwards.

Nifty Levels For 13 July:-

Resistance :- Nifty has First Resistance level at 5330 and last resistance level at 5650 For 13 July.

Support :- Nifty has First support level at 5300 and last support level at 5150 For 13 July.

TARGET HIT - PANAMA PETRO

panama petro recommended on june 28th at 235.00 for a short term target of 255. stock touched 263 today crossed my target. another stock recommended with this morganite india at 290 reached 308 today, will hit 320 in few days.

MULTIBAGGER STOCK RECOMMENDATION - SIMRAN FARMS

Simran Farms    BSE: 519566    CMP : 32.50

Simran Farms was incorporated on October 26, 1984 and started its production in February, 25 1990 as a private limited company; and was converted into a public limited company with effect from September 2, 1993. The Certificate from Registrar of Companies giving effect of conversion to Public Limited Company was received on October 15, 1993 with effect from September 2, 1993.

The company is an existing profit making dividend paying company with installed capacity of 12,000 grower birds and 22,500 layer birds for the purposes of producing hatching eggs. Looking at the growth potential, the company is embarking upon expanding programme for increasing the capacity of grower birds to 36,000 and layer birds to 72,000 per annum for the purpose of expanding the capacity from 3.37 million poultry hatching eggs to 14.17 million poultry hatching eggs p.a. The company was in the process of identifying suitable land with necessary infrastructure for putting up the project, due to which the company could not go ahead with the project however after identifying the land the company immediately implemented the project and started the commercial production from February 1990. Further, the company has not faced any labour problems/litigation defaults and there was no closure.

The sales of Simran Farms have risen from 11.56 crores in financial  year 2006 to Rs.135.94 crores in FY10 and 166.02 crores in FY11. in FY11 the net profit of Simran Farms was 3.99 crores. This was as against 3.41 crores net profit in FY10 and 2.21 crores net profit in FY09. The current EPS is Rs.10.52 and the PE ratio is 3. The company is almost debt free, with a marginal debt of Rs.11.42 lakhs and a net worth of over Rs.17 crores. The company is run by Mr. Harender Singh Bhatia, a veteran in the poultry industry with 32 years of experience in all the aspects of poultry industry including poultry keeping, feed management, farm
management Going forward,  expect Simran farms to increase its sales substantially and improve its margins at the same time. It is a good buy at the current market price of Rs.32.50 with a target price of
Rs.65 in 1 year.

INTRADAY TREND FOR 12 - JULY TUESDAY

The weak Global market cues and weakness in IT Biggies, Reality and metals dragged the market in red zone gain and The Nifty Index lost 44.55 points to close at 5616.10.

Nifty Futures at the end of the session lost 52.05 which is almost 1% down from previous close and finally settled at 5620.05.

The market is seems like a bit more corrective and market can open with a flat note to continue with some correction.

For downside 5600 will act as crucial level below which Nifty may touch 5540 level .

5540-30 will act as good support zone for nifty.

Upside resistance is seen near 5660.

Intraday Nifty Tips-

Intraday Traders can Sell Nifty below 5604 to target 5580-5565-55 Stoploss above 5627

while above 5635 Buy Nifty for the targets of 5660-5675

RESULTS IMPACT - ESSAR OIL

ESSAR OIL LTD  CMP : Rs. 128.00
 

Essar oil Ltd will report results for quarter ended June 2011 on Monday
11th July. Company had incurred loss of Rs 70 crores for quarter ended June
2010. As per our sources, Pat for June 2011 quarter shall be more than 300
crores. Post announcement of results, scrip can rise 5-7% in few days.
Hence, investors may buy this scrip on Monday itself in F&O for decent gain in
short run. Although scrip holds good potential for medium term as well. Its
expansion will stand completed in October 2011. Company's present GRM is
around USD 8.50 which, post expansion, should increase BY 4 dollars. Thus,
Essar Oil's profits can show sharp rise from Q4 onwards

SHORT TERM BUY CALL - ORBIT CORP

Orbit Corporation 

BSE: 532837 NSE: ORBITCORP CMP : 45.75 buy orbit corp around 45.00 for a short term one month target of 55.00 with a stoploss of 42.00

MULTIBAGGER HIDDEN GEM - RAINBOW PAPERS

Rainbow Papers

BSE: 523523    NSE: RAINBOWPAP    CMP:  60.85  

Rainbow Papers commenced its journey with its first venture, a creping and dyeing unit in 1981. Since then, there has been no looking back. With two new units now flourishing, Rainbow produces almost 186 different varieties of paper, catering to the diverse segments of the Indian as well as overseas usage market.

Rainbow, today is one of the fastest growing corporations in the Indian paper industry. Not only that, RPL has marked its presence in the global market and is currently exporting its products to various countries in the US, Middle East, South Africa, South East Asia and U.K. They offer a plethora of world class products ranging from duplex to file board, from writing paper to art card and from packaging and electric grade crepe to decorative tissues crepe, have given them a good recognition amongst their users whose thirst for better and new products.

Rainbow does not only aim at manufacturing quality products but also has a wide network of professional dealers and suppliers who strive to make sure our products reach their customers wherever they are. Rainbow's quality, creativity, market awareness and financial strength helps in taking correct decision's and profitable actions for the market we serve and also gives it stability in the stock market.

Rainbow, essentially a ‘Customer Centric Organization', always puts its valued customers in the centre of all the decisions. As a  knowledge-driven organization, a lot of emphasis is laid on new product development, quality improvement and cost cutting methods, thus providing to its clients ‘Quality Products with Brilliant Results'. At Rainbow, focus is also laid on creating stakeholder value.

Team Rainbow is also committed to the society. In their quest to serve the needy, its chairperson and other directors have joined hands with different trusts which are running schools, hospitals and homes for senior citizens, thus fulfilling their duties towards the upliftment of the society.

Rainbow has a dedicated research & innovation team, working day and night to achieve the organization's objectives and take the organization to far reaching heights.

At the current market price of Rs 60.00 RPL seems to be under valued based on discounted free cash flow approach. maintain  BUY  on the stock with a target price of Rs 89/- (41% upside) in 12 months

SHORT TERM BUY CALL - JAGRAN PRAKASHAN

Jagran Prakashan

BSE: 532705   NSE: JAGRAN   CMP : 121.75 .  buy jagran prakasan around 120.00 or below levels for a short term target of  134.00 with stoploss of  115.50

SHORT TERM BUY CALL - FINOLEX INDUSTRIES

Finolex Industries

BSE: 500940   NSE: FINPIPE    CMP : 78.95. buy finolex industries around 78.00 and below levels for a short term one month  target of  85.50 with a stoploss of  75.00.

SHORT TERM BUY CALL - MODERN DAIRIES

Modern Dairies

BSE: 519287 CMP :16.60 . buy modern dairies around 16.00 for a short term target of 20.00 with a stoploss of 14.70.news driven stock. strictly follow stoploss

INTRADAY TREND FOR 08 - JULY FRIDAY

After three days range-bound choppy sessions the Indian markets zoomed up on Thursday and gained almost 2% amid strong global cues. FII's Investment of more than 10,000 crore and heavyweight stocks like reliance industries supported the market today. Bharti Airtel, ITC, NTPC and L&T were the other leading stocks for today.
Nifty Index closed at 5728.95 and saw a rally of 103.50 points (1.84%).
The Nifty futures closed and settled finally at 5745.30 and surged 108.65 points or 1.93 %. For the time being the crucial downside level for nifty futures is 6000 as below the same Nifty may see some downfall till 5490 levels. But the upside momentum of nifty can last for one more day if it manages to stay above 5755 mark.

Technical Levels-
In broad perspective the first resistance for Nifty is 5770 close to the level of and the next resistance is seen near 5870 mark.
Support range is 5600-5490.

TARGET HIT IN JUST THREE SESSIONS - AMBIKA COTTON

ambika cotton mills recommended  on july 4th at 176.00 for a short term target of 192.00. stock easily crossed 192.00 today touched an intraday high of 196.40 just in three days.i also mentioned that this is fundamentally strong scrip,can hold for long term also.short term traders can book profits now rest hold for a next target 217.50

MULTIBAGGER STOCK RECOMMENDATION - BALAJI AMINES

Balaji Amines

BSE: 530999    NSE: BALAMINES CMP :43.25

Balaji Amines (BAL) incorporated in 1988; is engaged in manufacturing of methylamines, ethylamines, derivatives of specialty chemicals and natural products. The company was set up to cater to the growing requirements of value based Specialty Chemicals.

The company also manufactures derivatives, which are down stream products for various Pharma /Pesticide industries apart from user specific requirements. Balaji Amines (BAL) is one of the leading manufacturers of Aliphatic Amines in India.

BAL manufacturing facility is located in Maharashtra and is fully equipped with latest technology like digital computerized controlled systems. The company has received ISO 9001: 2000 certification for its quality systems. BAL also owns research and development facility that conducts basic research and also to fine tune the process.

Globally the company has presence in countries like UK, USA, Latin America, Canada, Israel, Pakistan, Bangladesh, Oman, Germany, Italy, Egypt, South Africa, Korea, Taiwan, Spain, Polland are among others.

Products

Amines- Under amines the company manufactures Monomethylamine, Dimethylamine, Trimethylamine, Monoethylamine, Diethylamine, Triethylamine, Dimethyl Amino Ethanol, Diethyl Amino Ethanol And Mono Methyl Amino Ethanol.

Speciality Chemicals- Under speciality chemicals, BAL manufactures N-Methyl Pyrrolidone, Morpholine, Diethyl Hydroxylamine and 2-Pyrrolidone.

Derivatives- The company manufactures Di-Methyl Acetamide, Di-Methyl Amine Hydrochloride, Tri-Methyl Amine Hydrochloride, Di-Ethyl Amine Hydrochloride, Tri-Ethyl Amine Hydrochloride, Benzyl Tri Ethyl Ammonium Chloride, Mono Methyl Urea, Di-Methyl Urea, Choline Chloride and New 25.      

Natural Products- BAL manufactures Camptothecin, 10 Dab III, Coleus Forskohlii, Calcium Sennosoid and Solanesol

Outlook

The outlook for the business is generally encouraging and demand for company products, in various sectors like API's,

Agrochemicals, water treatment chemicals, Refineries etc., are increasing. The overall outlook for company looks favourable.

The company's trailing 12-month (TTM) EPS was at Rs 8.21 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 5.26. The latest book value of the company is Rs 35.04 per share. At current value, the price-to-book value of the company was 1.23. The dividend yield of the company was 1.39%.

TARGET HIT - CHAMBAL FERTILIZERS

chambal fertilizers recommended at 75.00 on may 30th for a short term target of 83.50. after recommendation stock many times touched 82.00 level but not able to cross 83.00 . stock touched 83.75 yesterday and reached the target of 83.50 it can touch 85.00 in few days.

SHORT TERM BUY CALL - FILATEX INDIA

Filatex India

BSE: 526227    CMP :  45.90   buy filatex india around 45.00 or below levels for a short term  one month target of  53.50 with a stoploss of 42.75 .

INTRADAY TREND FOR 07-JULY THURSDAY

earlier the market moved in a consolidated phase on Wednesday and today also the S&P CNX Nifty index trade in very narrow range of 35-40 points. However the FII supported the market in the early hours of the session but after making a high of 5667.50 nifty dragged down to 5625.25 and closed with a loss of 6.65 points (-0.12%).
The nifty Futures also settled with moderate loss of 14.45 points and closed at 5636.65. Market is likely to be in range-bound for rest of the week also.
Resistance for Nifty is seen near 5665 above which the next resistance is 5686.
Where as the crucial support is likely to remain at 5600 level.

SHORT TERM BUY CALL - DPTL

Dhunseri petrochme & Tea

BSE: 523736 NSE: DPTL CMP: 154.00. buy dhunseri petrochem and tea around 153.00 and below levels for a short term one month target of 171.50 with a stoploss of 144.50.this stock can be hold for long term also.

MULTIBAGGER STOCK RECOMMENDATION - SETCO AUTO

Setco Automotive

BSE: 505075  CMP: 157.00

Setco Automotive is a premier manufacturer of clutch products for the Automotive and hydraulic products for Construction Equipment Industry. In addition Setco also manufactures precision engineering components like complex and deep drawn pressings and forgings and castings that are machined and heat treated.

Setco UK is also the R&D hub for Setco’s clutch products and the technology provider to the group globally. Setco USA is the R&D hub for the hydraulics products.

Setco Automotive posted stellar performance for quarter as well as FY11 with a consolidated turnover of Rs.352.91 crores in FY11, a growth of 36 per cent Y-o-Y while the to-line grew by 61 per cent Y-o-Y in Q4FY11. Even on a stand-alone basis the performance of Setco in FY11 was pretty good – topline grew by 30.5 per cent and bottom line increased by 55 per cent over FY10. Consolidated profits of the company grew by 134% to Rs. 33.5 crores in FY11 mainly due to the demand for advanced products that are compliant with BS-III norms. Also the UK and US plant have achieved break even and will add to the company’s profitability going forward

The Auto Industry has grown by about 25% in FY10 and around 27% in FY11. On the whole 17.3 million vehicles where sold in India in FY11 over 13.6 million vehicles in FY10. This shows the strong demand for vehicles in India. Going forward this demand is expected to continue (but the growth rate will slow down due to a higher base) thus boosting higher demand for auto components. Setco Automotive has major OEM’s in its long list of clients which includes Tata Motors, Ashok Leyland, Asia Motor Works, Eicher, Komatsu, Man, etc. for the Prima range of M&HCV’s of Tata Motors Setco is the only supplier of clutches. The company is also working with Daimler for manufacturing and selling clutches for Daimler’s Indian operations.

PAT margins are around 9.3 per cent, ROE and ROCE is 31 and 24 per cent and working capital management is good. However, the company has a Debt Equity ratio of 1.39 and Interest Cover of 3.87. Promotor’s stake is 63.52 per cent while Institutional stake is 2.60 per cent in the company.

Considering a PE of 8.72, dividend yield of 2.46 per cent and increasing turnover and profits the company looks good.

INTRADAY TREND FOR 06 -JULY WEDNESDAY

Sensex ended at 18,744 losing 70 points. NSE Nifty closed at 5,632 losing 18 points.

High fall in heavyweights like BHEL, RIL, DLF, ITC and Continuous selling in realty, power and FMCG stocks pulled the indian market down.

In upcoming trading session there is higher possibility that nifty spot manages between narrow range of 5600 – 5660 and if it breaks the level 5600 then it would be go down and next support would be 5560 and if it breaks the level 5660 then would go higher and next resistance would be 5695 i.e nifty would vary between broad range of 5560 -5698

SHORT TERM TARGET HIT - SAINT GOBAIN GLASS

saint gobain sekurit recommended on  june 6th at 41.00 for a short term target of 46.50, stock touched 46.90 yesterday and not able to cross its 52 week high.however my target of 46.50 reached exactly in a month time.

TARGET HIT - KOHINOOR FOODS

kohinoor foods recommended at 46.50  on june 28th for a short term target of 53.00. stock exactly touched 53.40 today and reached the target in few days.

SHORT TERM BUY CALL - NCC

NCC

BSE: 500294   NSE: NCC CMP: 85.00 buy ncc below 84.00 levels for a short term two months target of 97.50 with a stop loss of 81.00

INTRADAY TREND FOR 05 -JULY TUESDAY

Today in the morning market is showing up but after some hours it go with range bound position.Today realty and consumer durables are the strong gainer and close the market in positive mood.

FMCG and capital goods are the loser for today.Today Sensex is closed at 18808 (provisional), up 46 points from its previous close.

Nifty Trend For Tomorrow 5 July:- Today Nifty closed at  5650 (provisional), up 23 points.For Nifty Trend For tomorrow Nifty has 5256 pivot level.

Resistance :- Nifty has 5257-5300-5315 resistance level for tomorrow.

Support :- Nifty has 5228-5212-5184 support level for tomorrow.

SHORT TERM BUY CALL - AMBIKA COTTON

Ambika Cotton Mills

BSE: 531978   NSE: AMBIKCO   CMP : 177.65  buy ambika cotton around 176.00 below and on dips for a short term target of 192.00 and a medium term target of  217.50. fundamentally strong scrip, and this is right time to invest in cotton mill stocks , one can hold this stock for long term also.

INTRADAY TREND FOR 04 JULY MONDAY

Nifty was on a slight bear trend yesterday and closed at 5627 with a snap of 6 day's bull run .Today the first resistance for nifty is at 5653-56 level.Next resistance is at 5680-83 level.Next resistance is at 5705-09 level.Next resistance is at 5725-30 level.Next resistance is at 5751-55 level.Next resistance is at 5797-02 level. On downside first support is at 5604-00 level.Next support is at 5589-86 level. Next support is at 5573-70 level.Next support is at 5545-40 level.Next support is at 5501-96 level.Next support is at 5438-35 level.Next support is at 5416-12 level.Next support is at 5381-78 level.Next support is at 5363-60level.Next support is at 5330-25 level.next support is at 5309-05 level.There was a snap in 6 day bull run and we hope better long should be above 5730 only.So today main intraday resistance are at 5680-84 and 5725-30 level and below 5570 level better no long.

TOP FORTPOLIO STOCKS FOR LONG TERM

1.FEDERAL BANK   CMP :450.00

Federal Bank is among the old private sector banks with a network of 743 branches and a dominant presence

in southern India. The bank is mainly focused on SME and retail segments which together constitute about 60%

of the loan book. Under the new management, the bank is working on a strategy to gain pan-Indian presence,

increase the efficiency, diversify loan book and improve the asset quality.

The asset quality of the bank showed a marked improvement in Q4FY11 as the gross and net NPAs dropped to

3.5% and 0.6% from 4.0% and 0.8% respectively in Q3FY11. Going forward, with the initiatives taken by the

management and the increased recoveries the NPAs are likely to decline further. Federal Bank’s loan growth has slowed over the past several quarters due to a rise in the slippages. However,

the loan growth re-bounded in FY11 showing a growth of 19% YoY driven by corporate lending as the bank

plans to diversify the loan book which is skewed towards the retail and SME segments.The bank’s return ratios have remained subdued ever since it raised capital, which is likely to go up led by an

increase in the profits. We expect an RoE of about 15.3% and RoA of around 1.3% by FY13 led by a 27% CAGR in

the earnings. Federal Bank is likely to clock earnings growth of 27% CAGR over FY11-13 (compared to a 17% CAGR over FY08-

011) led by a steady growth in the balance sheet and a decline in the credit costs. Given the strong presence

in south India, the expanding reach in the rest of India, an improving asset quality and a revival in its earnings

the bank should trade at a higher valuation. We maintain Buy with a price target of Rs500 (1.2x FY13 BV).

2.LUPIN  CMP : 448.00

Global dominance in certain products, focus on niche, less-commoditised products, a geographically diversified

presence in markets such as Japan and a presence in the US branded segment distinguish Lupin among the

mid-cap players in the generic space.In FY12, Lupin expects to launch 12 products with at least four in niche therapies, like oral contraceptives in

the USA. Along with a strong presence in the branded space through Suprax and Aerochamber, Antara has

enabled Lupin’s US business to grow at a staggering CAGR of 65% over FY06-10. With the expansion in the

branded portfolio through the anticipated launch of Allernaze we expect the US business to grow at a CAGR

of 19% over FY11-13. We expect the branded business to contribute about 30% of the total US sales over the

next two years. With the strong core business and aggressive abbreviated new drug application (ANDA) filings (cumulative 148

ANDA filings till date), a differentiated strategy augurs well for Lupin. Niche product launches like generic

Geodon, Fortamet ER, Cipro and OCs would drive upwards performance of the stock.Potential delays in the US Food and Drug Administration approval for oral contraceptives and its other niche

filings, and ramp-up delays in AllerNaze (expected launch in FY12) are the key challenges for Lupin.We expect Lupin to report an earnings CAGR of 18% over FY11-13 with strong margins at the operating level..

3.GAIL INDIA  CMP : 450.75

GAIL India, a leading gas transmission company, is aggressively expanding its pipeline network and plans to

invest more than Rs30,000 crore over FY10-14 in a phased manner to double its gas pipeline network to over

14,000km and its transmission capacity to around 300mmscmd. This provides strong revenue visibility in its core

gas utilities business.We also see value accretion from doubling of the petrochemical capacity by FY2014, and the exploration and

production (E&P) and city gas distribution (CGD) businesses going forward. A higher than expected fuel subsidy burden and regulatory risk in its core transmission business are the key

risks for the company. Despite the subsidy burden, the strong growth visibility in its core gas transmission business would drive its

earnings growth of 12% CAGR during FY10-13.At the current market price, the stock trades at a price/earnings ratio of 12.8x and EV/EBITDA of 8.4x based

on our FY13 estimates. We have a Buy recommendation on the stock with a price target of Rs567. 

4.HCL TECHNOLOGIES  CMP : 496.20

HCL Technologies Ltd (HCL Tech) is a global information technology (IT) services company providing softwareled

IT solutions, remote infrastructure management services and BPO services. The company has a leading

position in remote infrastructure management services which has helped it win large IT outsourcing contracts.

Through the Axon plc acquisition the company has gained strong SAP consulting footing. Over the last five quarters it has outperformed its peers in terms of volume growth, with an average volume

growth of 7.3% during the period. The growth has been broad based across industry verticals, geographies and

service lines.Going forward, we believe that HCL Tech would outperform its peers in terms of earnings growth with an

earnings CAGR of 31% over FY11-13E. On the other hand, further consistency in quarterly performance and

improvement in cash generation profile will help gain further investors’ confidence in the stock. We value HCL Tech at a 25% discount to Infosys at 15x FY13E earnings. At the current market price the stock

trades at 15.2x and 11.9x its FY12E and FY13E earnings respectively. We have a Buy recommendation on the

stock with price target of Rs622.

5. ILandFS Transportation Networks  CMP: 214.00

IL&FS Transportation Networks Ltd (ITNL) is India’s largest player in the BOT road segment with 10,269 lane km
in various stages of development, construction or operation. It has a pan-India presence and a diverse project
portfolio consisting of 23 road projects, bus transportation and a metro rail project. It is well equipped to capitalise on the huge and growing opportunity in the road infrastructure sector due to
its established track record in operating BOT road projects, its execution capabilities and the strong support
from IL&FS. It has a fair mix of annuity and toll projects in its portfolio which provides revenue comfort. Further, it is
present across the value chain except the civil construction services which it outsources to the local
contractors. This helps the company to handle a large number of projects at a time and diversify geographically,
reducing the risk of concentration. Thus, we expect the sales and the earnings to grow at a CAGR of 34.2% and 14.7% respectively over FY11-13E. At the current market price, the stock is trading at 8.8x and 7.3x its FY12 and FY13 estimated earnings
respectively. We maintain our Buy recommendation with a price target of Rs383.