* At a market cap of Rs.2750 crore, Arvind Ltd seems to be an overvalued textile scrip. Book profits.

* Tera Software has witnessed smart accumulation and has crossed Rs.100 crore market cap and the share price is poised to touch Rs.100 mark. Hold on.

* Navin Fluorine has once again reported excellent results after the sale of carbon credits. Scrip may continue its upward march.

* Share price of 20 Micros has shot up sharply in the recent past. Book part profit and exit fully after another 10-15% rise.
* With a likely EPS of Rs.30 in FY12, the share of Indag Rubber is going cheap.

* According to informed sources, Shiv Vani Oil is expected to garner an EPS of Rs.60 in FY12. The share is sure to cross the Rs.300 mark.

* Diamond industry circles expect Shree Ganesh Jewellery House to clock an EPS of Rs.60 in FY12. The share is a good buy with a target price of Rs.200.

* Alicon Castalloys may post an EPS of Rs.17-18 in FY12 and the share may touch Rs.90-100 in the medium-term.

* IFB Agro is all set to post an EPS of about Rs.35 in the current fiscal. A reasonable P/E of 6 will take its share price to over Rs.200.

* With a likely EPS of Rs.20-23 in FY12, the share of Globus Spirits can be bought for decent appreciation in the medium-to-long-term.

* Some HNIs have evinced great interest in the LGS Global counter. The share is poised to touch Rs.100 on the back of an EPS of Rs.25 in FY12.

* Emmsons International is doing well and may register an EPS of Rs.30-35 in FY12. The share is going cheap with a target price of Rs.125.

* Ambika Cotton Mills is all set to clock an EPS of Rs.68-70 in the current fiscal. With a tiny equity of Rs.6 crore and hefty share book value of Rs.304, it may announce a hefty dividend and bonus.

* According to highly placed sources, 75% MNC subsidiary, Morganite Crucible India, is likely to register an EPS of Rs.35 in FY12 and the share could touch the Rs.700 mark.

* The share of Munjal Auto Industries is likely to cross the Rs.250 mark as the company is set to post an EPS of Rs.45 in FY12.

SHORT TERM BUY - HAVELLS

Havells India

BSE: 517354    NSE: HAVELLS        CMP: 364.00.  buy havells india around 362.00 levels for a short term one month target of 390.00 with a stoploss of 355.00

NIFTY LEVELS - INTRADAY TREND FOR OCTOBER 31 - MONDAY

This festive week turned out to be positive for the Indian markets and Nifty saw a blockbuster rally on the last trading day of the week. Nifty gained more than 3% and closed above 5350 level. Nifty Futures closed at 5386.05 up by 154 points.
After breaking the major resistance level of 5200, Nifty did not lose its momentum and crossed the 5350 level soon. The European Debt deal was the major factor for this positive day.
The market is still likely to run in positive zone and more upside is anticipated by the experts. We can see nifty to reach up to 5500 soon. For coming trading session, Intra-day resistance is seen near 5420 above which Nifty could test the levels of 5458 and then 5570. While it has intraday support of 5376. Major support is 5200

MUHURAT TRADING SESSION

 As per NSE circular the muhurat trading session is  as follows on 26-10-2011. next day will be holiday.market resumes on friday 28-10-2011

Muhurat Trading session on account of Diwali 

Pre-open order entry Open Time : 16:30 hrs
Pre Open order entry Close Time : 16:38 hrs
(with random closure in last one minute)
Pre-open order Matching will start immediately
after close of pre-open order entry.
Normal / RDM/ Odd Lot Market Open : 16:45 hrs
Normal / RDM / Odd Lot Market Close : 18:00 hrs
Block Deal session open : 16:45 hrs
Block Deal session close : 17:20 hrs
Closing Session start : 18:10 hrs
Closing Session end : 18:20 hrs

my recommendations for picking in muhurat trade: HDIL, YESBANK, DPTL, BHEL, JAYSREE TEA, RALLIS INDIA, ANDHRA BANK, HINDALCO, HANUNG, JAIN IRRIGATION, ARSHIYA INTERNATIONAL, ESCORTS.

MEDIUM TERM PICK - ESS DEE ALUMINIUM

ESS DEE Aluminium

BSE: 532787    NSE: ESSDEE      CMP: 176.00 Ess Dee Aluminium is a packaging solution provider company especially to the pharma industry. Its weekly chart of share performance shows that it had reached a high of Rs 534.90 sometime in the middle of the
year 2010. The share could not go up beyond that peak and gradually turned bearish and reached a low of Rs 379 in January, 2011. A technical rally helped it to rise upto Rs 493.10 but the general market trend still being bearish the share entered a downtrend which coincided with some negative factors pertaining to its own functioning, sent its price tumbling down to a low of Rs 178.00 about two weeks ago. But in the last couple of weeks, the share did not go further down and managed to inch up in the last week with its peak during the week being at Rs 190.95 and closing on Thursday being at Rs 188.10 is still very much below the short-term moving average, makes it a good long-term buy because it seems to have already discounted all the worst and any positive factors that might surface, would help it to appreciate. The share of Ess Dee Aluminium is therefore, suggested to be picked up for medium-term investing.

LONG TERM SOLID BUY - GNFC

Gujarat Narmada Valley Fert. BSE Code : 500670 Rs. 90.00   Face valueRs. 10.00 

GNFC manufactures and distributes nitrogenous and phosphatic fertilizers like Urea, ANP and Calcium Ammonium Nitrate and chemicals like Ammonia, Weak Nitric Acid, Concentrated Nitric Acid, Methanol,Acetic Acid, Formic Acid, Aniline, TDI etc. In fact, GNFC is country's largest manufacturer of Acetic Acid, Methanol, Formic Acid and Aniline. Company is the only manufacturer of TDI in India. In total turnover of the company, fertilizer division accounts for nearly 53%. Scrip is being recommended for investment as GNFC is highly efficiently managed with most of its plants running at over 100% capacity, consistent track-record and Book Value of Rs 155/ as on 30- 09-2011 and scrip is available at 4.50xFY12E Eps. For 2010-11 GNFC paid dividend of Rs 3.25 per share. Despite loss of production of Ammonia for 70 days, GNFC achieved good performance with major plants operating at over 100% capacity utilization. Ammonia plant operated at 106.59%, Urea plant utilization was 101.14%, Formic Acid plant achieved utilization of 194%, Acetic Acid plant was opeating at 153%. Aniline plant produced 40,000 tonnes with capacity utilization of 114% and TDI plant operated at 127% of installed capacity. Methanol and MSU plants were not operated at thier full capacity in view of high cost of production of Methanol coupled with reduction in sales realisation. GNFC sold total of 7.85 lac tonnes of industrial products as compared to 6.68 lac tonnes in previous year. 2 project namely CNA-III and WNA-II have been completed in Q1 of current year involving capex of 324 crores. Project of Wet Sulphuric acid has been abandoned. Remaining 3 projects namely Cogen, Ethyl Acetate and TDI are under implementation and should be operational by Dec 2012.
GNFC has emerged as leading manufacturer of various chemicals in India: GNFC has reported much better results for H1 in current year wherein sales have grown from 1170 cr to1665 cr and Pat has flared by 200% to
122.50 crores giving Eps of 7.88. For2011-12, GNFCshould report Eps of Rs 20.10. Impact of projects under implementation will be felt in 2012-13 wherein turnover should cross 4000 cr mark and Eps can be Rs 27. In current dull market situation where long-term investors are looking for undervalued companies with consistent
track-record, sound business model, low debt, efficient management, constant growth, robus asset base, reasonably large size of business where demand for its products is growing, GNFC can be amongst the best picks as due to NBS based new fertilizer subsidy system, profitability of GNFC's fertilizer division has improved and its Chemical/industrial product division will continue to perform well due to dominant market share and most efficient operations. Moreover, company promoted by Gujarat Govt and hence, there cannot be any controversies (like Everonn or Educomp or GTL or ADSL), transparent management, clear accounting and truthfull reporting.
1. GNFC is available at just 4.50xFY12E Eps
2. GNFC is trading at just 3.25xFY13E Eps. Book Value as on 30.09.2011 is Rs 155/. GNFC is solid safe buy for genuine investors who can hold this scrip for 12-24 months. Its 52 week high was Rs 142 and currently scrip isavailable very close to its 52 week low of Rs 88/. If broader markets dont fall sharply, GNFC scrip can appreciate 30-40% in next few months and can go up 100% in less than 24 months.

SHORT TERM BUY - GITANJALI GEMS

Gitanjali Gems

BSE: 532715    NSE: GITANJALI   CMP:  361.00 .   Buy gitanjali around 360.00 levels for a short term target of  385.00 with a stoploss of 354.00

NIFTY LEVELS - INTRADAY TREND FOR OCTOBER 24 - MONDAY

Nifty was on bear trend yesterday day and closed at 5049. So today the first resistance for nifty is at 5072-75 level. Next resistance ranges are at 5092-96,5115-18,5133-36,5148-52,5165-70, 5194-99,5213-16,5229-33,5260-65,5300-02,5323-27 levels. On downside first support is at 5028-25 level. Next supports are at 5003-97,4968-62,4950-45,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. The trend looks volatile with slight positive bias and nifty to be not in weak side unless nifty trades below 5000 mark. So Monday if nifty manages to trade strongly above 5100 we expect some short covering but main hurdle on upside are at 5165-70 and 5194-99 level and on down side no long if nifty trade below 5000

SHORT TERM TARGET REACHED - UFLEX

Uflex recommended on october 14, at 155 for a short term target of 172.00. stock touched an intraday high 173.00 on friday, met the target in just one week.

NIFTY LEVELS - INTRADAY TREND FOR OCTOBER 21 - FRIDAY

Nifty was on bear trend yesterday day and closed at 5091.Again a head-over-heels .Nifty opened on strong downbeat but recovered to some extent from lows of 5033 to close at 5091. So today the first resistance for nifty is at 5119-24 level. Next resistance ranges are at 5147-52,5165-70, 5194-99,5213-16,5229-33,5260-65,5300-02,5323-27 levels. On downside first support is at 5063-60 level. Next supports are at 5048-45,5030-27,5001-97,4979-75,4952-46,4930-26,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. The reversal from lows of 5033 shows that nifty still had the buyers support So today if nifty strongly trades above 5124 level we expect some bullishness but the main hurdle for the nifty are at 5165-70 and 5194-99 level and nifty had to close above 5200 for the trend to be back in bull side. On downside if nifty slips below 5060 be alert and no long if below 5030.

WHAT YOU GET IN ONE YEAR? - AVANTI FEEDS HUGE 150 % RETURNS

Below is the call i given on october 31 2010 , for avanti feeds. 

strong buy avanti feeds

buy avanthi feeds  cmp 40.00  for a short term target of  46.00. this stock is trading less than one percent of its book value.hold for long term target  of 86.00.

SHORT TERM TARGET REACHED - ASAHI SONGWON COLORS

Asahi songwon colors recommended on october 14th, as a strong short term buy, at 82.00 for a short term target of 95.00 stock reached 98.00 today met the target exactly in just 6 days.huge 20 % returns in one week.

STOCK VIEW - PG FOILS

PG Foils

BSE: 526747   CMP: 112.00

PG Foils has got the third largest aluminum foil capacity in India. This company has a total capacity of about 11,000 tonne per annum. The major customers for the product are pharmaceuticals and food industry. Besides pharmaceutical and food industry, this company also gives its product to various other industry segments, though in smaller quantities, but the major customer is pharmaceuticals and food.If you look at the financials of the company closely for the last two financial years, for FY09, this company reported a loss of about Rs 1.5 crore. In this loss this company had provided for an exceptional item of close to Rs 13 crore, the company had about Rs 8.5 crore of loss on forex hedging and this company provided for about Rs 4.5 crore on account of payment of premium for Keyman Insurance Policy which means total exceptional items of close to Rs 13 crore.Again for FY10, there are exceptional items for Rs 13 crore, which includes payment of Keyman Insurance Policy of Rs 4.5 crore and loss investment of close to Rs 8 crore after providing for these two items, this company reported a profit after tax of Rs 4 crore. Now if you compare the valuation of this company with the peer group namely Essdee Aluminum, you will find that even though the capacity of Essdee Aluminum is about 3.5 times that of PG Foils, the revenues of Essdee Aluminum are 3.5 times, operating margins are double that of PG Foils but the marketcap of Essdee Aluminum is roughly 38 times the marketcap of PG Foils. There I find a huge differential in valuation of these two companies.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 20 - THURSDAY

Nifty was on strong bull trend yesterday day and closed at 5139.The trend was exactly opposite to what it was a day before. So today the first resistance for nifty is at 5165-70. Next resistance ranges are at 5194-99,5225-30,5260-65,5318-23 levels. On downside first support is at 5105-00 level. Next supports are at 5077-72,5055-50,5027-22,5001-97,4979-75,4956-52,4930-26,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. The trend had taken a U turn and nifty closed on a bull note but still the main resistance ranges are 5165-70,5195-99 and 5225-30 and nifty had to close above 5200 for the reversal So today on upside be alert at these levels and on downside no long if nifty stays below 5100 level.

MEDIUM TERM BUY - KAVERI SEEDS

Kaveri Seed Company

BSE: 532899     NSE: KSCL  CMP: 456.00 
Kaveri Seed Co Limited produces, processes, and markets hybrid seeds for crops that include corn, sunflower, cotton, paddy, and grain.
Kaveri Seed is a good bet in small-cap space. Its currently trading at a P/E of close to 11 with decent dividend yields of 0.54% in the last 12 months. Minimal liabilities. Its a company with seasonal business with bulk of its revenues and profits coming in Q1 every year. Revenues have grown rapidly from 65 Crores to 234 Crores in the last 5 years. Profits have also grown rapidly from little over 10 Crores to 42 Crores over 5 years. NPM has marginally improved from 16% to 18% over 5 years. Buy and hold for long term gains.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCT 19 - WEDNESDAY

Nifty was on bear trend yesterday day and closed at 5037. So today the first resistance for nifty is at 5064-68 level. Next resistance ranges are at 5093-98,5119-23,5142-45,5164-69,5194-99,5225-30,5266-71,5318-23 levels. On downside first support is at 5006-02 level. Next supports are at 4979-75,,4958-54,4930-26,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. The trend again back on bear side.The resistance range between 5160-5200 which we have mentioned yesterday is very strong so better no long until nifty strongly close above 5200 level.So today the main hurdle for intraday are at 5064-68 and 5093-98 level and on down side if nifty is below 5000 better stay away from long side.

MULTIBAGGER STOCK - CERA SANITARY

Cera Sanitaryware Ltd NSE Code – CERA

Cera, a Gujarat-based company, was established in 1980 as Madhusudan Industries Ltd. As a part of restructuring of the business in November 2002, the sanitaryware division was demerged and was named Cera Sanitaryware Ltd.

Cera is the third largest sanitary ware company in India and has a 20%+ market share. The company is engaged in the manufacturing of ceramic wash basins, wash basin pedestals, bidets, water closet pans, flushing cisterns, urinals and similar sanitary fixtures etc.

Cera has also launched its Cera Bath Studios and Galleries in various parts of the country to cater to the premium sanitaryware segment. The company’s marketing activities take place through regional offices at Bangalore, Mumbai, Pune, Chandigarh, Chennai, Cochin, Delhi, Hyderabad, and Kolkata; it has a marketing network of 500 dealers and 5,000 retailers spread across the country.

Cera Sanitaryware – Key Investment Highlights

Strong Brand Equity – In the sanitary ware segment, there’s a strong brand identity against that in Tiles segment. At present there are only three major players i.e. HSIL, Parryware Roca and Cera. Cera’s achievement of 20% + market share is commendable in the light of the fact that Cera started almost 20 years later than HSIL and 30 years later than Parryware.

Strong Marketing & Distribution network – Cera sells its products through a marketing network of 500 dealers and 5000 retailers spread across the country. It’s difficult to replicate such a network and is one of the major business moats for Cera against the onslaught from foreign players and other local players.

Relatively slowly changing industry – It’s a relatively slow changing business (makes it easier for us to hold it for long term in comparison to education or technology stocks where the trends change very fast and thus a company doing well today may end up on a losing side in a very short period of time).

No Institutional holding – There’s no institutional holding in Cera, probably because of low liquidity. We believe the company is still out of sight of smart investors. Once they come to the party, the stock can get re-rated to higher PE multiples. At present the stock is quoting at 8.5 times trailing twelve months earnings.

In a sweet spot – We find Cera in a very sweet spot where they have been generating good cash flows from operations (almost in line with earnings) and have been able to deploy capital at good returns.

Very attractive valuations – Murugappa group sold of their 47% stake in Parryware-Roca joint venture in 2008 for a sum of Rs 720 crore while the company had recorded a turnover of Rs 360 crore for FY 08, thus valuing the company at 4 times its annual turnover. Cera’s market cap is approximately equal to its annual sales. Though not 4 times, however Cera can still get re-rated to twice the annual sales considering its efficiency and growth.

SHORT TERM BUY CALL - PANACEA BIOTECH

Panacea Biotec

BSE: 531349  NSE: PANACEABIO    CMP: 114.00 Buy panacea biotech at the range of 110.00 - 114.00 with a strict stoploss of 106.00 for a short term one to two months target of 132.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBERT 18 - TUESDAY

 Nifty was on slight bear trend yesterday day and closed at 5118. So today the first resistance for nifty is at 5140-44 level. Next resistance ranges are at 5164-69,5194-99,5225-30,5266-71,5318-23 levels. On downside first support is at 5098-95 level. Next supports are at   5080-75,5062-60,5040-35,   5013-09,4962-58,4916-10, 4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00 ,4677-74,4660-57,4615-10,4595-90,4540-35 level. Nifty is still in slight positive trend but hurdle at 5164-69 and 5194-99 seems to be a big task So better long should be taken only above that levels On downside be very alert below 5075 level

NEWS ON THE STREETS

· South bull recommends Infosys Ltd. that has surprised one and all withsuperb Q2 results.
· Sintex is worth considering for medium term at declined level, opine Ahmedabad punters. The company is reportedly faring well in the current fiscal
· Mumbai punters recommend Praj Ind for medium term reward. The company is reportedly faring well in the current fiscal.
· Informed quarters are recommending J L Morison the company is considered as a take over target by FMCG giant.
· Delhi bulls recommend Hero Motocorp. The company is set for a leap forward with major expansion programme.
· Kolkata bulls advise to go long on the counter of Mcleod Russel. The company is set to surprise one and all with improved performance and cheering news.
· Fund Manager from a well known MF advising to go long on the counter of Tree House. The company is going dirt cheap considering its future prospects, he opine.
· Goa Carbon is a safe medium term bet, opine veteran bull. The company is faring well in the current fiscal as well and is due for a bonus issue.
· Lupin Ltd. is a safe medium term bet, opine veteran bull. The Company is reportedly faring well and may surprise with a bonus issue.
· Empire Ind has performed well and is ripe for free scrip. Investment brokers recommend this scrip for medium to long term rewards

Voltas

BSE: 500575   NSE: VOLTAS   CMP: 105.00   Buy voltas around 104.00 land below levels for a short term target of 118.50 with a stoploss of 99.50

short term buy call - shasun pharma

Shasun Pharmaceuticals

BSE: 524552  NSE: SHASUNPHAR   CMP:63.00.  Buy shasun pharma around 63.00 levels for a short term one month target of 72.00 with a stoploss of 58.00.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 17 - MONDAY

Updated for-Oct/17/2011 Nifty was on bull trend last day and closed at 5132. So today the first resistance for nifty is at 5165-70 level. Next resistance ranges are at 5194-99,5225-30,5266-71,5318-23 levels. On downside first support is at 5108-05 level. Next supports areat5086-83,5071-68,5050-45,5020-16,4995-91,4970-66,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. Nifty is now in slight positive trend and a move above 5165-70 can trigger short covering next main intra resistance level are at 5194-99 and 5225-30 level and on down side alert below 5080 level.

SHORT TERM BUY CALL - UFLEX

Uflex

BSE: 500148   NSE: UFLEX   CMP:  155.00.  Buy uflex around 155.00 and below levels for a short term one month target of  172.00 with astoploss of 147.00

STRONG SHORT TERM BUY - ASAHI SONGWON COLORS

Asahi Songwon Colors

BSE: 532853     NSE: ASAHISONG   CMP: 81.90 Buy asahi songwon colors around 81.00 - 82.00 levels for a short term target of 95.00. add more if falls below 81.00.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 14 - FRIDAY

Nifty was on slight bear trend and closed at 5077 . So today the first resistance for nifty is at 5097-100 level. Next resistance ranges are at 5116-19,5142-47,5165-70,5194-99,5232-37,5267-72,5323-28 levels. On downside first support is at 5059-56 level. Next supports are at 5039-34,5007-02,4980-77,4958-54,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. Nifty is now in a volatile trend and close above 5200 is required for the nifty to again back in bull zone.So today the main hurdle for intraday are at 5116-19 and 5142-47 level and on down side better no long if below 5034

MULTIBAGGER STOCK - GOA CARBON

Goa Carbon

BSE: 509567    NSE: GOACARBON     CMP: 83.00


Goa Carbon Ltd, a Demp Group company ha’Ang a Marketcap of Rs.78 crores is engaged in manufacturi and selling of Calcined Petroleum Coke (CPC). The company is a supplier to aluminium smelters, graphite elecfrode and Titanium Dioxide manufacturers, as well as other users in the matallurgical and chemical
i ndusfries.
The Company also has 3 plants totaling 240000 ma capacity:
1 .Goa 75000 TPA
2.Bilaspur in Chattisgarh 40000 TPA
3.Paradeep in Orissa 125000 TPA
4.Goa Carbon also manufacires products like Recarburiser, Laddie addive and Carbon raiser. Besides selling its products in the domesbc market, exports are made to Australia, Egypt, Dubai, France, Kuwait Iran, Saudi Arabia, Singapore, Malaysia, Indonesia, Thailand, South Africa, Russia, Wales and England. It has port facilities in Mormugao (Goa) and Paradip Port (Orissa) making exports more cost effecve.
In FY2O11, the company’s topline increased by a mere 6.7 pc to Rs.270 crores but PAT shot up by an
astounding 2141 pc — PATwhich was Rs.0.41 crores in FY10 shot up to Rs.9.19 crores in FY2O11.
The Q2FY12 results were also spectacular — total revenues increased by 118.2 pc to Rs.130.79 crs compared
to Rs.59.94 crs in Q2FY11. PAT increased by 46.4 pc to Rs.2.78 to Rs.4.07 in the stated quarters.
While all this may sound sweet there are a few things that are sour
1. Low net profit margins that fluctuate ‘Mldly betNeen 0.15 pc to 6.6 pc
2. High inventory holding period that’s around 4-5 months
3. High Debt Equity rabo of 2.35
4. But considering the fact that the company pays Rs.4/share as di’Adend, a low PE of 7.08 and EPS of
around Rs.12 and promotors holding of 59 pc, the stock looks interesting.

STOCK VIEW - AJMERA REALTY

Ajmera Realty & Infra India Ltd
BSE code:513349
cmp:117

The idea of picking up a real estate stock was that we have been seeing renewed interest in the sector. Taking a call on Ajmera Realty, if I go by the land bank held by the company, I find the all the land held are fully paid, that means, nothing has to be paid on the land account.Apart from that, majority of them are under development, except for a tranche of 67 acres which the company is holding at Kanjurmarg, Mumbai. The net present value (estimated) is about Rs 3000 crore, and on that, a composite development plan of residential, commercial, shopping, multiplexes, hospitality is expected. 72 acres of land will translate into developable of about 10 million sq feet, so that is going to take place maybe in the next 6 months.They have a second project at Wadala, with about 2 million sq feet of land bank. The net present value of that is estimated at about Rs 2,000 crore. They also have presence in Bangalore and suburbs of Mumbai at Kalyan.If I take a call on these land stocks held by the company, the net present value works out to about Rs 5,000-6,000 crore while the market cap is just Rs 400 crore.Since the company does not have any debt obligations, no unpaid land, no controversy with respect to ownership or possession of land, I think they are in a superior position to take advantage of this situation. Going forward, they should be able to monetize these land assets which will reflect in the working of the company. Taking that into consideration, the share has a potential to move to about Rs 200 in the next 18 months.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBERT 13 - THURSDAY

As we anticipated yesterday, Nifty witnessed a significant gain on the back of the positive results of infosys. Spot nifty gained 125.05 points and closed near 5100 (5099.40) whereas Nifty Futures closed at 5114.85 up by 132.40 points. The market for tomorrow is likely to remain positive as per the technical indications. The major resistance for Nifty futures is seen near 5190 which if breaks, Nifty may touch 5255-5300 level in coming trading sessions. 5070 will act as crucial support and a trade below this level would trigger negative run in the market.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCT 12 WEDNESDAY

Nifty gained a significant rise during morning session but all went in vain as Market suffered sharply in late afternoon and closed in red mark. Spot Nifty lost 5.25 points after making a high of 5044. Nifty Futures settled at 4980.10 down by 13.20 points. The trend is looking positive for tomorrow on the technical charts and if Nifty sustains above 5009 mark, we can see some good levels like 5057-5072 and even 5100 on coming trading sessions. Major support is seen near 4909 mark below which Nifty is looking bearish in trend.

STOCK VIEW -ZENITH FIBRES

Zenith Fibres

BSE: 514266  CMP: 28.50

Zenith Fibres  The company has set up a plant to manufacture PPSF in village Tundav, near Baroda, India. The plant and technology was imported from BARMAG AG, Germany. The company has expanded its capacity of PPSF from August,1996.The plant for expansion was imported from PFE Ltd.U.K. About 60% of PPSF  production is presently marketed in the domestic market. Balance 40% of production is exported to countries like

Nepal, Malaysia, Saudi Arabia, United Arab Emirates, Italy, Australia, South Africa and Japan. The quality of PPSF is very well accepted in both the domestic and the international markets. Fibre is used extensively in Filter

Grade Fabrics, Floor and Automobile Carpets, Geotextiles, Knitted materials, thermal- bonded fabrics, Hygiene

products, Construction Industry etc. Though the company is small, management is conservative & given consistent performance over last 8 years with uninterrupted dividend for 8 years. For the audited full year net profit was Rs 2.43 crore in the year endedMarch 2011 as against Rs 2.86 crore during the previous year ended March 2010. Sales rose 15.89% to Rs 39.38 crore in the year endedMarch  2011 as against Rs 33.98 crore during the  previous year ended March 2010.Net profit of company rose 47.54% to Rs 0.90 crore in the quarter ended June 2011 as against Rs 0.61 crore during the previous quarterended June 2010. Sales rose 36.48% to Rs 12.27 crore in the quarter ended June 2011 as against Rs 8.99 crore during the previous quarter ended June 2010. Company is said to be operatingat rated capacity as demand for the product is said to be encouraging from Geo synthetic mfrs. Seeing to the good demand, company has decided to expand the capacities by 100 % which likely to be operative by 4th qtr of current year with nominal capex of rs 2 crs from internal accruals, weakening of rupee also to help . Company has plan to increase the sales to 100 crs from current levels of 39 crs over next two years time . ROCE of company has remained around 25 levels on average basis for last 5 years. Stock is trading at 25 % discount to the book value of 36. If 1st qtr profits are any indications. Company likely to report eps of around 8 for current year. since dividend yield is also attractive, down side is limited. Investors can safely accumulate this stock on sharp dips for decent growth.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBERT 11 - TUESDAY

Extending the bullish run seen on Friday, the Indian equity market achieved a robust gain today and advanced almost 2%. The rally was seen in almost all sectors and led by IT stocks mainly. Spot Nifty added 91.55 more points and closed at 4979.60 and its future derivative settled at 4995 up by 1.97%. (96.40 points)

Now technically Nifty is looking bullish above the resistance level of 5070 but for Intraday, If it manages to stay above 5017 level, it will go up to 5055-5070. On the downside 4909 may bring weakness in the market.

STOCK VIEW - BOMBAY DYEING

Bombay Dyeing Rs. 372.00 Code : 500020

Bombay Dyeing has announced that it expects realty to generate over half of its revenues this financial year and three quarters in five years. So, it will essentially become a real estate firm instead of a textile company. The Wadia Group and Bombay Realty, the group's real estate arm, have a land bank of about 10,000 acres spread across the country. This includes 700 acres of prime land in the financial capital, Mumbai, acquired at rock bottom prices in the 1800s and 1900s by group firms Bombay Burmah, Bombay Dyeing, Britannia and the
current and erstwhile promoters.The company is launching four projects spread over 180 acres by the March end. This includes projects at Dadar and Worli, spread over 70 acres in the island city of Mumbai and 100 acres in mainland Mumbai. Promoters are also accumulating shares from open market. They have bought more than 8 lakh shares recently. So, there are more positives for this stock. That’s why the stock has been on fire amid turbulant
market. The stock has jumped from around Rs. 300 a month ago to Rs. 372 on Friday. The rally will continue. Buy at this levels for smart gains.

STOCKS IN NEWS FOR THIS WEEK

Informed quarters are recommending Raj Oil Mills the company is considered as a take over target by FMCG giant

Delhi bulls recommend Dhampur Sugar. The company is set for a leap forward with major expansion programme.

 Gujarat Alkali is a safe medium term bet, opine Ahmedabad bulls. The Company is reportedly faring well and may surprise with a bonus issue.

 TVS Srichakra has performed well and is ripe for free scrip. Investment brokers recommend this scrip for medium to long term rewards 

Kolkata bulls advise to go long on the counter of Bengal Tea. The company is set to surprise one and all with improved performance and cheering news. 

Fund Manager from a well known MF advising to go long on the counter of Uni Abex Alloy. The company is going dirt cheap considering its future prospects, he opine

.Savita Oil is a safe medium term bet, opine veteran bull. The company is faring well in the current fiscal as well and is due for a bonus issue. .

 South bull recommends Vivimed Lab that has become overdue for a bonus issue. Announcement of the same with Q2 results are not ruled out. 

Wimplast is worth considering for medium term at declined level, opine Ahmedabad punters. The company is reportedly faring well in the current fiscal 

Mumbai punters recommend IL&FS Transport for medium term reward. The company is reportedly faring well in the current fiscal.

HIGH RISK HIGH RETRN SHARES FOR THE WEEK

Titan Ind Rs. 207.00   Code: 500114

Market hasbeen witnessing the increased volumeof this share since last many sessions indicating some positivedevelopment. It has been heard fromthe street that the company is goingto make an announcement regardingsome positive development verysoon.
 

Shalimar Paint Rs. 425.00Code: 509874

Some marketoperators and participant have becomevery bullish for this share asthey are of the opinion that companymay announce for some fund raising.Also it has been heard that aleading domestic fund house is corneringthis share since last manysessions. Market may witnesssome fancy following this speculation.
 

Glenmark Pharma Rs.293.00 Code: 532296

Someleading market operators and participants have evinced their keen interestfor this stock and they are accumulatingthis stock since last many sessions indicating some positive development very soon. They are hopeful that the company may announcefor some new acquisition very soon.
Dewan Housing Rs.217.00Code: 511072 

CityGroup Venture Capital Internationaland Standard Chartered are planningto acquire some significant stake
of this company very soon. Marketmay witness some fancy following this speculation.
 

ICICI Bank Rs. 824.00Code: 532174) 

The “C” rating,awarded by Moodys, may provemost positive for this privates sectorbank in future. Investors musthold on this share with SL of Rs. 766as there seems lots of room for target price of Rs. 800 next week.
DLF Rs. 218.00 Code:532868

Some HNI, market operators and leading fund houses are making long term position since lastmany sessions indicating something is cooking in the kitchen. The pricemay fuel up next week following thisdevelopment.

SHORT TERM BUY CALL - SINTEX

Sintex Industries

BSE: 502742   NSE: SINTEX  CMP: 109.00. Buy sintex at 108.00 and below levels for a short term target of 120.00 with a stoploss of 104.00

SHORT TERM BUY CALL - PUNJLLOYD

Punj Lloyd

BSE: 532693    NSE: PUNJLLOYDCMP: 52.90   Buy punjlloyd at 52.00 levels for a short term target of 60.00 with a stoploss of 49.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 07 - FRIDAY

By looking at Nifty daily charts we are observing that bears are having control at the moment. Further downside momentum may continue, if Nifty trades below 4,700 levels. On the other hand, if Nifty manages to trade above 4,700 levels then some recovery may also be seen in coming trading sessions.

For intraday trading tomorrow, trend deciding level is at 4,750. If Nifty shows strength above 4,750 levels, then rally to 4,800-4,850-4,880 may be seen. On the downside if Nifty does not show strength above 4,750 levels then selling pressure till 4,715-4,680-4,650 may also be seen.

SHORT TERM BUY CALL - A2Z MAINTENANCE

A2Z Maintenance and Engineering Services

BSE: 533292   NSE: A2ZMES  CMP: 204.00 . Buy a2z maintenance around 202.00 and below levels for a short term target of 221.00 with a stoploss of 196.00

LONG TERM BUY - DB CORP

DB Corp

BSE: 533151  NSE: DBCORP   CMP :200

D.B. Corporation Ltd. is a print media and publishing company.
DB Corp is a good bet in mid-cap space. Its currently trading at a P/E of little over 15 with good dividend yields of close to 2% in the last 12 months. Minimal liability. Its a new listing coming in to secondary market only in 2010. So there's not much of historical performance to analyse. Revenues have risen from 253 Crores to 352 Crores in the last 5 quarters (Over a year). Profits have risen from 48 Crores to 63 Crores over 5 Quarters. NPM is good at 18%. Buy and hold for long term gains.

SHORT TERM BUY CALL - PANAMA PETRO

Panama Petrochem

BSE: 524820    NSE: PANAMAPET  CMP:230.00   Buy panama petro around 227.00 - 230.00 levels for a short term one month target of 255.00 with a stoploss of 215.00. earlier recommnded two times, and the target reached without fail in both times.

SHORT TERM BUY CALL - SELAN EXPLORATION

Selan Exploration Technology

BSE: 530075    NSE: SELAN     CMP : 284.00  . Buy selan exploration  around 282.00 levels for a short term one to two months target of 315.00 with a strict stoploss of 274.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCT 05 WEDNESDAY

After a  moderate opening, Moody's Rating downgrade for SBI had an adverse effect on the market which led the Bank nifty to fall all off a sudden and resulting the whole market to close in red mark. 

Spot nifty breached the crucial downside level of 4800 and closed at 4772.15. Now if the important level of 4700 get broken, Nifty may face a free fall till 4550-4500. But We can expect a bounce back before reaching this level. While on the upside 4809 would act as major resistance and a trade above the same may bring back some hope in Nifty again. For tomorrow we are anticipating a good day for short coverings and expecting a positive day for the market. Traders are required to sense the market momentum before getting into any trade.

SHORT TERM BUY - HARRISONS MALAYALAM

Harrisons Malyalam

BSE: 500467  NSE: HARRMALAYA  CMP:70.00  Buy harmalaya around 70.00 and below levels for a short term one month target of 82.00 with a stoploss of 65.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCT 04, TUESDAY

The market following the selling pressure in Asian market, started weak and ended up in red zone. Spot nifty lost 93.75 points and closed at 4849.50.
Nifty futures settled up at 4857.75 after losing 76.55 points. The negative trend of today's market doesn't seems to prevail for tomorrow and Nifty may take a up move if it trades above 4880 while 4909 may invite a sell off.
Major resistance levels are seen near 4880-5049 whereas downside support in lying near 4810.

SHORT TERM BUY CALL - KARNATAKA BANK

Karnataka Bank

BSE: 532652   NSE: KTKBANK  CMP :84.00  Buy ktk bank at 84.00 and below levels for a short term one to two months target  of 95.00 with a stoploss of 78.00. stock is at its 52 week low now, and technically  trend reversal seen on charts  can expect 95.00 in few weeks. long term investors can also buy at this level.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBERT 3 - MONDAY

Nifty was on bear trend and closed at 4943.Today the first resistance for nifty is at 4969-72 level.Next resistance ranges are at 4984-87,4999-01,5026-30,5045-48,5059-63, 5090-95,5142-46 5165-70,5193-98,5225-30,5267-72,5323-28 levels.On downside first support is at 4914-09 level.Next supports are at 4886-82,4863-58,4840-35,4805-02, 4768-63,4718-12,4697-94,4675-70,4595-90,4540-35 level.Nifty is now in a volatile trend and today if nifty trade and sustain below 4900 it is a weak signal and better avoid long below that level.The bulls can become strong only above 5000 level.

FII HOLDING MORE THAN 30% STOCKS

Company	%Holding	Rs Crore	No. of Holders
Educomp Sol	34.94	799	129
IndusInd Bank	34.72	4,244	256
M&M Financial	34.49	2,366	109
Dewan Housing	34.26	844	86
Amtek Auto	34.09	1,010	86
Apollo Hospital	33.93	2,312	121
Karuturi Global	33.86	211	36
Hero Motocorp	33.67	13,054	488
Stride Arcolab	33.53	687	76
Jubilant Food	33.44	1,712	97
Rolta	32.83	438	116
Monnet Ispat	32.1	1,013	60
Sobha Developer	31.92	679	107
HCL Info	31.74	439	71
Mcleod	31.45	818	111
Glenmark	31.19	2,713	184
Indiabulls	30.95	1,513	141
Hindalco	30.83	7,750	544
Manappuram Fin	30.62	1,338	69
Unitech	30.53	2,093	229
Apollo Hospital	30.53	1,974	101
Birla Pacific	30.15	64	5
Escorts	29.66	222	86
Redington	29.6	1,075	81
S Kumars Nation	29.44	352	67
Guj NRE Coke	29.35	372	106
Magma Fincorp	29.3	365	27
HDFC Bank	29.23	6,376	725
Max India	28.54	1,378	94
Fedders Lloyd	28.47	57	7