NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR FEBRUARY 01 - WEDNESDAY

Nifty took a U-turn Index zoomed to close at 5199. So today the first resistance for nifty is at 5232-36 level. Next resistance ranges are at 5250-55,5270-75,5325-30,5348-52,5390-95 levels. On downside first support is at 5183-80 level. Next supports are at 5160-55,5130-25,5108-05,5068-63,5049-45,5007-02,4990-85, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.Nifty back in track once again now the real litmus test is 5250-75 range,Cheers for bulls if nifty strongly trades above this level and on downside main intra support level is at 5160 and better avoid long if nifty is below that level.

STOCK VIEW - HDFC, YES BANK ,SHREE CEMENT

HDFC Rs. 689.00 Code : 500010 :
India’s largest housing finance major Housing Development Finance Corporation ‘s (HDFC) net profit grew at a slower pace of 10% year-on-year to Rs 891 crore in the third (October-December) quarter. Total income rose up 35% to Rs 4,473 crore from 3,321 crore a year back. The loan book expanded more than 21% Yo- Y to Rs 1.32 lakh crore while the net interest income (NII) or the difference between interests earned and paid out rose 18% to Rs 1,367 crore. During the quarter interest and other charges shot up 51% y-o-y to Rs 3,012. However, net interest margin (NIM) almost remained unchanged at 4.3%.Gross non-performing loans, according to a company release, stood at 1,109 crore or 0.82% of the loan book as against 0.85% in the same quarter previous year. The stock was on fire in recent rally and has made 52-week high of Rs. 713 on Friday. Buy on every decline for long term.
 

Shree Cement Rs. 2221.00 Code : 500387 : Cement
sector is coming out of slow down now. Q3 results are also saying so. Shree Cement is another example. Its net profit surged 115.3% to Rs 59.19 crore on 61.4% growth in net sales to Rs 1258.56 crore in Q3 December 2011
over Q3 December 2010.The board has also declared an interim dividend of Rs 6 per equity share of the company for the financial year (FY) 2011-12. The date of payment of dividend will be 31 January 2012. Shree Cement is engaged in manufacturing and selling of cement throughout India. The company is also engaged in power sector. The stock has outperformed the market in the past one quarter, surging 20.08% compared to the Sensex’s fall of 0.2%.Despite the glut in the cement industry, Shree Cement, the largest cement player in the North, has placed equipment orders of nearly Rs 700 crore for its kiln unit in Rajasthan, even projects amounting to more than Rs 13,000 crore are running behind schedule. The outlook is looking better. Accumulate.
 

Yes Bank Rs. 313.00 Code : 532648 :
Yes Bank stock had  a very sharp rally in recent days. The bank reported stronger Q3 results last week. Its net profit rose 32.95% to Rs 254.09 crore on 47.19% increase in total income to Rs 1895.49 crore in Q3 December 2011 over Q3 December 2010.Total advances grew by 15.3% to Rs 35867.8 crore as at 31 December 2011 from Rs 31112.2 crore as at 31 December 2010. Customer assets (loans & credit substitutes) grew by 28.1% year-on-year (y-o-y) to RsM 43754.6 crore. Total deposits grew by 19% to Rs 46929.1 crore as at 31 December 2011 from Rs 39452.8 crore as at 31 December 2010. The bank’s total assets grew by 36.1% to Rs 71109.1 crore. Current and Savings Account (CASA) deposits grew by 46.5% to Rs 5,913.5 crore taking the CASA ratio to 12.6%. Its Net interest income (NII) for Q3 December 2011 increased by 32.3% y-o-y to Rs 427.6 crore from Rs 323.2 crore in Q3 December 2010.Net non-performing advances as a proportion of net advances was at 0.04% as at 31 December 2011. Thes stock is near to its 52- week high of Rs. 341. Buy.

SHORT TERM BUY CALL - UFLEX

UFLEX     CMP: 131.00
Buy uflex at 130.00 levels for a short term target of 145.00 with a stoploss of 125.00

SHORT TERM BUY CALL - CREWBOS & IFGL REFRAC

CREWBOS     CMP:34.00 

Buy crewbos at 33.00 to 34.00 levels for a short term target of 40.00 with a very strict stoploss of 30.50.

IFGL REFRACTORIES   CMP: 41.00

Buy ifgl refractories at 40.00 - 41.00 levels for a short term one month target of  49.00 with a stoploss of 38.00.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR JANUARY 31 - TUESIDAY

Nifty took a break on upward journey and tanked to close lower at 5087. So today the first resistance for nifty is at 5121-26 level. Next resistance ranges are at 5153-58,5166-70,5210-15,5250-55,5340-45 levels. On downside first support is at 5052-48 level. Next supports are at 5018-13,4993-88, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.Nifty again closed on deep red after short bul rally So today if nifty trades below 5050 be very alert and sellers will take the control if nifty is below 5013 so unless nifty trade well above 5126 long is not advisable.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR JANUARY 30 - MONDAY

Nifty continued the upward journey and closed higher at 5204. So today the first resistance for nifty is at 5220-24 level. Next resistance ranges are at 5237-40,5256-61,5340-45 levels. On downside first support is at 5190-86 level. Next supports are at 5172-68,5147-44,5130-27,5115-12,5075-70,5049-44,5030-26,5003-99,4987-83, 4963-60,4940-36, 4899-95,4872-68,4863-59,4842-38,4812-07 level.The trend is in positive side but be alert as oscillators are in overbought zone.The range between 5220 and 5265 level is resistance zone So futher long should be taken better above 5270 level. So today the main intraday resistance ranges are at 5220-25 and 5256-61 level and on down side main intraday support level are at 5172-68 level.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR JANUARY 27 - FRIDAY

Nifty continued the upward journey and closed higher at 5158. So today the first resistance for nifty is at 5171-74 level. Next resistance ranges are at 5185-88,5213-18,5258-63,5340-45 levels. On downside first support is at 5143-40 level. Next supports are at 5130-28,5111-08,5084-80,5068-66,5049-44,5030-26,5003-99,4987-83, 4963-60,4940-36, 4899-95,4872-68,4863-59,4842-38,4812-07,4759-55,4758-54,4707-02,4683-78 level.The trend is in positive side but be alert as oscillators are in overbought zone so better put stop loss for short term position.On upside there may be resistance between 5220 and 5265 level. So today the main intraday resistance ranges are at 5185-88 and 5213-18 level and on down side main intraday support level are at 5128 and 5108 level

STOCK VIEW - NEO CORP

Neo Corp International Ltd
cmp:37  Code : 523820

Story:Neo Corp International Limited (NCIL) an Indore based company is engaged in manufacture of technical textiles. The Company provides services in three sectors, which include Packtech, Geotech and Agrotech. Its range of Packtech products provides solutions for storage carriage and protection requirements of industrial, agricultural and other goods.It ranges from relatively heavyweight woven fabrics used for bags, sacks and carpets to lightweight woven used as leno bags and other food and industrial product wrappings. Its technical textiles are used for packaging, apparel, home textiles and automotive manufacturing. The sector sports equipments, industrial end-use, as well as medical and sanitary consumables. Applications for technical textiles in the Agrotech sector include activities concerned with growing and harvesting of crops and animals. It has Geotextiles having a range of end uses in pavements and roads; coastal engineering/defense; landfill, and industrial and contaminated land reclamation.During the last 6 fiscal years, Total Revenues and Net Profits grew at a CAGR of 28.44 and 116.68 per cent respectively.For the unaudited full year, net profit rose 34.71% to Rs. 12.42 crore in the year ended March 2011 as against Rs. 9.22 crore during the previous year ended March 2010. Sales rose 33.09% to Rs. 229.93 crore in the year ended March 2011 as against Rs. 172.76 crore during the previous year ended March 2010.The company’s profits margins hover around 5 to 6.5 per cent, its ROE and ROCE is 19 and 17 per cent. Neo’s Debt Equity ratio is on the higher side at 1.46.Prospects are bright so one should hold on to the counter.

NIFTY LEVELS INTRADAY TREND FOR JANUARY - 24 TUESDAY

Nifty was on a very slight negative trend yesterday and closed at 5046. So today the first resistance for nifty is at 5066-71 level. Next resistance ranges are at 5093-97,5126- 32,5147-52,5178-83,5222-27,5268-73 levels. On downside first support is at 5025-20 level. Next supports are at 5004-99,4987-83, 4963-60,4940-36, 4899-95,4872-68,4863-59,4842-38,4812-07,4759-55,4758-54,4707-02,4683-78,4640-35,4623-20, level.The trend is in positive side So today if nifty is above 5072 we expect the up trend to continue and on downside intraday support are at 5020 and 4999 level. Have a look at weekly trend.

STOCK VIEW - SWAN ENERGY

Swan Energy Ltd
cmp:59
Code:503310
Earlier know as a Swan Mills Ltd., it was a sick unit that was taken over byDave Group in 1990. In the 3 years period, the company made heavy losses to the tune of INR 920mn. Later on in 1992, the company was been referred to the BIFR (Board for Industrial & Finance Reconstruction) for revival, which was only for its spinning units. As per the BIFR Package, the company disposed excess land owned by it on a commercial basis, which helped it to achieved a turnaround by posting a profit in 1993-94. With funds available through land sale, the company carried out a modernisation programme, where it started to supply its textiles products to big retailers in Europe like Marks & Spencers & also diversified into manufacturing of cuprammoniam rayon yarn by setting up Vini Rayon Industries, a joint venture with the Gujarat Industrial & Investment Corporation. Later on in Dec 95, BIFR declared the company no longer as a sick unit & thus discharged it from its purview. SEL business usually includes three segments namely which includes Energy, Textile & Real Estate Segments. SEL has entered into an agreement with GPPC at INR 3810mn for 49% stake, where GPPC along with its shareholders have agreed to assign 70% of the Carbon Emission Receipts (CER) that will be generated from GPPC's upcoming Pipavav project, while it will be able to rake in about INR 7-8bn from carbon credits alone in a period of ten years.The company is also setting up a textile unit in Ahmedabad,Gujarat & has acquired land in Goa, for which development is to be operational soon.The company ended fy11 with sales of 400crs and profits of 44crs respectively.The company at present price of 59rs attracts a marketcap of 568crs.Altogether a company to watch out for.

NIFTY LEVELS INTRADAY TREND FOR JANUARY - 12 THURSDAY

Nifty was on a flat trend yesterday and closed slightly up at 4860. So today the first resistance for nifty is at 4875-80 level. Next resistance ranges are at 4893-97,4910-14,4937-42,4982-86,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4830-25 level. Next supports are at 4814,09,4790-85,4764-61,4745-40,4707-02,4683-78,4640-35,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.The nifty is now in slight recovery trend and below 4785 is the need to worry as of now and upside we expect resistance at 4940,4986 and 5060 level.So today for intraday better stay away from long if nifty is below 4825 and intraday hurdles are at 4895 and 4937 level.

TARGET REACHED IN TWO DAYS - MAHINDRA SATYAM

mahindra satyam recommended on yesterday at 67.00 for a short term target of 74.00 stock touched an intraday high of 77.20 and closed at 74.50, and the target reached exactly in two days.

NIFTY LEVELS - INTRADAY TREND FOR THE DAY - JANUARY 10, TUESDAY

Nifty once again closed betwee 4745 and 4755 and moved within 4800 and 4685. So today the first resistance for nifty is at 4761-64 level. Next resistance ranges are at 4776-81,4816-20,4844-48,4868-72,4884-87,4902-05,4942-47,4989-94,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4725-20 level. Next supports are at 4707-02,4683-78,4640-35,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.On upside the main hurdle for short term is at 4816-20 level and a strong mpve above this level is the hope for bulls and on down side a close below 4680 can inject back the bear sentiment.For past two days the nifty had recovered slightly from 4680 level so today if nifty trade well above 4780 we hope this is a good sign for bulls better it should be above 4820 and on downside if nifty once again trade below 4700 then the bear will re emerge.

STOCK RECOMMENDATION - INFINITE COMP

Infinite Computer Solutions (India) Limited provides infrastructure management, intellectual property (IP) leveraged solutions and IT services. The Company is focused on the telecommunications, media, technology, manufacturing, and healthcare industries.


Infinite Computer Solutions is a decent pick in small cap space. Its currently trading at a P/E of 6 with amazing dividend yields of almost 5% in the last 12 months. The company has debt of 5 Crores & cash in hand of 34 Crores. It seems to have listed in Indian Stock Exchange only in early 2010 and we don't have much of its historical financial data. It made revenues of 223 Crores in FY 2011 and profits of 34 Crores. That puts its NPM at over 15% in 2011. Buy and hold for long term gains.

SHORT TERM BUY - MAHINDRA SATYAM

Mahindra Satyam

BSE: 500376  NSE: SATYAMCOMP  CMP:67.60 Buy mhindra satyam around 67.00 for a short term one month target of 74.00 with a strict stoploss of 63.50.

NIFTY LEVELS - INTRADAY TREND FOR THE DAY - JANUARY 9, MONDAY

Nifty was on a flat trend for past four trading days and closing was between 4745 and 4755 in these days. So today the first resistance for nifty is at 4763-67 level. Next resistance ranges are at 4778-83,4814-19,4852-56,4870-74,4899-03,4942-47,4989-94,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4732-28 level. Next supports are at 4714-10,4690-85,4640-35,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.On upside the main hurdle for short term is at 4820-30 level and a strong mpve above this level is the hope for bulls and on down side a close below 4685 can inject back the bear sentiment.So today unless a strong move above 4820 better stay away from long side.

NIFTY LEVELS - INTRADAY TREND FOR THE DAY - JANUARY 6, FRIDAY

Nifty was on a doji yesterday and closed at 4749. So today the first resistance for nifty is at 4765-68 level. Next resistance ranges are at 4781-85,4800-04,4820-23,4842-46,4871-75,4908-13,4960-65,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4734-31 level. Next supports are at 4724-20,4702-98,4670-65,4650-45,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.On upside the main hurdle region for nifty is 4840-50 and a strong close above this level is the only solace for bulls and on down side a close below 4700 can inject back the strong bear sentiment.So today for intraday we expect the range between 4800 and 4700 is crucial and unless a move above 4800 we did not advice to go with long side.

SHORT TERM TARGET HIT- KEC INTERNATIONAL

buy call given on 27th december for kec international at 36.00 for target of 42.00 . stock hits 44.00 today met the target in one week.20 % returns in just few days.

SHORT TERM BUY CALL -FKONCO, ORCHIDCHEM

buy fresenius kabi oncology  at 94.00_ levels for short term target of 104.00 with strict stoploss of 89.00. buy orchid chemicals at136.00 for short term target of 150.00 with a stoploss of   132.00

NIFTY LEVELS - INTRADAY TREND FOR THE DAY - JANUARY 5, THURSDAY

Nifty was on a slight bear trend yesterday and closed at 4749. So today the first resistance for nifty is at 4765-69 level. Next resistance ranges are at 4780-84,4801-05,4820-23,4875-82,4912-17,4960-65,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4723-18 level. Next supports are at 4698-95,4682-78,4650-45,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.After the big rally market was on a slight profit booking mood but as mentioned earlier nifty still is in bear zone until a strong close above 4882 level.So today intraday resistance are at 4784 and 4805 level and on downside support are at 4718 and 4695 leve

Smart Best Buy for the year 2012

Bajaj FinServ (Rs.436.00) (Code : 532978)
 

: Bajaj Finserv is in the financial lending business. Its offers loans for Bajaj Auto Two Wheelers under the name of Bajaj Finance Ltd. It offers Consumer Durable Loans, Personal Loans, Loan Against Property, Small Business Loans, Construction Equipment Loans, Loan Against Securities and Insurance Services under the name of Bajaj Finserv Lending. Bajaj FinServhas received approval from the capital markets regulator SEBI for setting up mutual fund business and is likely to enter the fray by end-2012. On financial front, the company is doing well. Its second quarter total income increased by 52% and its net profit jumped by 128%. Also, its operationg pfrofit also improved by 96 per cent. For H1, its income has jumped by 123% and net profit by 112%. All in all, this company is worth investing. This is best time to enter into this counter. It will give you at least 20 per cent return in the year 2012.

HDFC Bank  (Rs.437.00) (Code : 500180)
 

: HDFC Bank is one of the strongest bank as far as the fundamentals are concenred. It is a compelling buy for
the new year as it is safe also in this time of uncertainty. It is a consistent performer. Its earnings have grown
30 per cent for the last 38 quarters. It is a big achievement to maintain such a higher growth for such a long period consitently. Its advances have grown even in the difficult days for the banking sector. For the Q2, its advances grew by 26 per cent to Rs. 190000 crore. Also, its depositsmgrowth was at 18 per cent. Its NIM
has been improving. NIM was 4.1 per cent in the second quarter for the current year. Besides all these, its
management is best and it is able to withstand across all the economic cycles. That’s the biggest positive for
this banking counter. It is a definite buy. Buy more at every decline, if any.

Pfizer (Rs. 1099.00)(Code : 500680) : 

One of the  highest spenders in pharmaceutical R&D globally, Pfizer has made clinical research investments of US$ 6.05million (November 2009) in India.Two of Pfizer India's brands- Corex (Cough Formulation) and Becosules(Multivitamin)- continue to rank among the Top 10 pharmaceutical drug brands. Pfizer has disclosed a marginalrise in standalone net profit for the quarter ended Sep 2011. During the quarter, the profit of the company surged 10.62% to Rs.469.90 million from Rs.424.80 million. At the current market price of Rs.1185.00, the stockis trading at 17.06 x FY12E and 14.67 x FY13E respectively. Earning per share (EPS) of the company for theearnings for FY12E and FY13E is seen at Rs.69.46 and Rs.80.80 respectively.On the basis of EV/ EBITDA, the stock trades at 11.01 x for FY12E and 9.50 x for FY13E. Price to Book Value of the stock is expected to be at 2.58 x and 2.19 x respectively for FY12E and FY13E. As the stock is trading at much discount to its 52 week high of Rs. 1600 plus, it is worth accumulating.

NIFTY LEVELS - INTRADAY TREND FOR THE DAY - JANUARY 4, WEDNESDAY

Nifty was on a strong bull trend yesterday and closed at 4765 atlast a good recovery. So today the first resistance for nifty is at 4800-04level. Next resistance ranges are at 4819-23,4840-45,4875-82,4901-05,4920-24,4960-65,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4727-24 level. Next supports are at 4691-87,4676-74,4641-37,4623-20,4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.Nifty made a good come back but still the underlying trend is bear side and we expect a close above 4800 can bring some cheers to bull side and trend can return to bull side only if a strong close above 4975 and for this rally we hope it is better to put stop at 4674.So today main intraday hurdle are at 4804 and 4845 level and on downside support are at 4724 and 4687 level

STOCK VIEW - GITANJALI , WOCK PHARMA, HCL TECH

Wockhardt (Rs. 276.00) (Code : 532300) 
:Wockhardt is a global pharma & biotech company, with 14 manufacturing plants in India, UK, Ireland, France and U. S. The company is divesting its Nutritutional business to Danone for US $ 355 million. Infact, this was agreed in the first week of August 2011 when $/rupee parity was at 45, which is now at 53. So, company will
realize Rs. 1,850 crores now, instead of Rs. 1,600 crores estimated earlier. The company has also been improving its financial performance.For 6 months ending 30-09-11, total income of the company was placed at Rs. 2,163 crores (Rs. 1,862 cr. in corresponding period of the previous year) with profit after tax of Rs. 317 crores against net loss of Rs. 213 crores.The company is facing fresh litigations with FCCB Holders, in Bombay High Court, hearing of which is scheduled on 13th January, 2012. This is likely to get resolved and thereafter, Nutrition Business will get divested by the company. On divesting the Nutrition business, this will get vastly reduced, which can make the company to come back on tracks.Present equity of the company is at Rs. 55
crores, with promoters’ stake at 73.64%, Inst. Investors holding 7.82% and HNIs and Bodies Corporate holding 8.28%, with about 10% held by the public. The stock is trading at Rs. 281 which is very attractive. Watch out the court verdict on 13th January and then buy for the year.
 

HCL Technologies (Rs. 388.00) (Code : 532281) : 
HCL Tech is one of the leading IT company in the country. The company is focusing on developing capabilities in enterprise mobility and analytics to complement existing offerings. This could improve margins on the back of an improving employee pyramid and scale efficiencies. it has been selected by AstraZeneca to manage its data centres across 60 locations, globally. This indicates deal traction in infrastructure management services (IMS) is strong. It also indicates HCL is better placed to get a higher market share in this space, as clients close their budgets. The stock has been consolidating at around Rs. 380-390 level since last one month. From here on, there is very less downside risk. It is right time to buy the stock as the result season is around the corner. It will zoom after results. As the rupee sliding is continue, the stock will get more push up. Buy immediately.
 

Gitanjali Gems (Rs. 302.00) (Code : 532715) : 
Gitanjali Gems is in the business of Jems and Jewellery. It has various companies under its wing, namely – Gili, Asmi, Nakshatra, Sangini and the like, apart from jewelleries, Gitanjali Gems also manufactures watches. Its mostly caters to the US in foreign markets. It was also involved in a number of acquisitions of foreign companies in the last few years. It registered net sales of 3167.6 crores, for the quarter ended September, 2011, indicating a 26.2 percent growth over the last year. It also registered a net gain of 132.2 crores in the same quarter. This growth has been contributed to better consumer reaction from Tier II and Tier III cities in India. Brand name is also a strong point of the company and, hence, the growth. Recently, Gitanjali, through its subsidiary, has acquired 100% stake in Crown Aim Ltd. Crown Aim is a Hong Kong based company engaged in jewellery distribution to China, Japan, USA, middle east and Europe. In December, the BSE has included Gitanjali Gems into its BSE-200 index. The stock has corrected in recent months. Grab this opportunity. To reduce your risk, buy in two phase.

NIFTY LEVELS - INTRADAY TREND FOR THE DAY - JANUARY 3, TUESDAY

 Nifty closed slighty up at 4636. So today the first resistance for nifty is at 4650-54level. Next resistance ranges are at 4670-75,4696-01,4717-20,4745-49,4769-73,4823-28,4878-73,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4620-16 level. Next supports are at 4602-97.4580-75,4543-40,4527-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.The underlying trend is bearish and unless a strong move above 4700 better do not go for long side for short term and on down side more selling pressure to follow below 4575 level.