SHORT TERM BUY - LT FOODS

LT Foods

BSE: 532783 NSE: DAAWAT  CMP: 41.00. Buy lt foods around 41.00 and below levels for a short term one month target of 47.00 with a stoploss of 38.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR APRIL 24 TUESDAY

Nifty closed lower at 5200 level . So today the first resistance for nifty is at 5234-38 level. Next resistance ranges are at 5266-70,5282-85,5299-00,5320-24,5338-43,5367-72,5384-87, 5414-18,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5185-83 level. Next supports are at 5165-60,5137-32,5118-15,5100-96,5079-75,5040-35 level.Nifty is in slight bear zone So today if nifty move below 5160 be very alrt and below 5130 sellers will strike with more strength.The long should be avoided unless a strong move above 5270.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR APRIL 20 - FRIDAY

Nifty closed slightly up at 5332 level and slightly in comfort zone. So today the first resistance for nifty is at 5343-48level. Next resistance ranges are at 5367-72,5384-87, 5414-18,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5303-00 level. Next supports are at 5280-75,5249-45,5230-25,5192-87,5148-43,5128-24,5108-04,5088-83,5040-35 level.Nifty is in slight comfort zone but be alert as this is in a narrow position So today if nifty could move above 5372 we expect the bull trend to continue and on down side be alert only below 5300 and if below 5275 sellers can took the control.

MEDIUM TERM BUY CALL - JINDAL POLY

Jindal Poly Films

BSE: 500227  NSE: JINDALPOLY   CMP: 199.00 .buy jindal poly films around 195.00 - 200.00 levels for a medium term target of  255.00 for six months holding with a stoploss of  185.00.

SHORT TERM BUY CALL - JAIN IRRIGATION

Jain Irrigation Systems

BSE: 500219  NSE: JISLJALEQS  CMP: 92.00.  Buy jain irrigation around 92.00 and below levels for a short term one month target of 105.00 with astrict stoploss of 88.50.

SHORT TERM BUY CALL - FIEM IND

FIEM Industries

BSE: 532768  NSE: FIEMIND   CMP: 142.00 .  Buy fiem industries at 140.00 - 142.00 range for a short to medium term targets of 155.00 and 190.00 with a stoploss of  136.00

SHORT TERM BUY CALL - DHUNSERI PETRO

Dhunseri Petrochem & Tea

BSE: 523736  NSE: DPTL   CMP: 112.00 . Buy dhunuseri petro around 112.00 levels for a short term target of  126.00 with a stoploss of 108.50 for few weeks holding.

stocks in the news now

* Ajanta Pharma has shot up siginificantly in the last two months. Time to book partial profit and play safe.
* Share price of Indraprastha Gas has crashed over 30% in single day as PNGRB directed to reduce its selling prices for certain types of gas in New Delhi. Hold on and don’t book losses in panic.
* Paper companies are witnessing some buying interest from certain group of investors. Hold on to JK Paper and TNPL
* At a market cap of Rs.80 crore, Revathi Equipment is worth a punt. In the long run it seems to be a good takeover candidate by some MNC.
* Consumer durables to cost more as manufacturers pass on higher costs to consumers. So watch out for companies in household equipments like air conditioners, washing machines, DVD players, TV etc.
* Sebi is worried at the 50% fall in number of new accounts and plans a big push for opening derivatives accounts to boost the derivatives segment.

* At least in the Q1 of the year 2012 gold and silver both have been overshadowed by equities. Against a meagre 3% rise in gold and 9% rise in silver, equities have gained 15%. Will this trend continue? Doesn’t look like.
* Small tractors are in great demand in foreign markets. M&M, Escorts look good.
* ALSTOM and BGR are in for good times with big orders flowing in from Jyoti Structures and Powergrid for the former and NTPC for the latter.
* Market grapevine says that three entities---LKP Securities, Redect Consultancy and Star Investments have lost over Rs.8 crore in Kingfisher Airlines shares purchased by them at Rs.25.01 in February 2012.
* MNC counters like Fairfield Atlas, Morganite Crucible, Foseco, BASF India and Federal-Mogul have attracted good investor enquiries and are expected to fetch decent gains on expectation of delisting offers going forward.
* Aries Agro is reportedly faring well with a likely EPS of over Rs.20 in FY12 and Rs.25 in FY13. The share is going cheap.
* A banking analyst strongly recommends United Bank of India with a likely appreciation of about 40%. Buy for decent gain.
* CG Igarashi Motors, which was recently taken over by HBL Power has major expansion plans. The share is poised to advance further.
* AGC Network formerly Avaya Global and taken over by Aegis Global of the Essar Group, is expected to post an EPS of Rs.40+ in FY12. The share is poised to touch Rs.300 shortly.
* One infra analyst strongly recommends the shares of KNR Constructions, MBL Infra and JMC Projects for 30% return in the medium term.
* Torrent Cables is likely to clock an EPS of Rs.20 in FY12. The share has all the potential to appreciate by over 33% in the medium term.
* An Ahmedabad based technical analyst recommends Alstom Projects, IVRCL, Ind-Swift, MT Educare, R.S. Software and Twilight Litaka Pharma to accumulate at every decline.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR APRIL 18 WEDNESDAY

 Nifty bounced back to close at 5289 So today the first resistance for nifty is at 5310-14level. Next resistance ranges are at 5335-40,5375-80, 5412-17,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5264-60 level. Next supports are at 5243-38,5202-97,5175-70,5150-45,5128-24,5108-04,5088-83,5040-35 level.Yesterday nifty made a good come back but nifty had to trade above 5340 level to have the trend stable So today unless below 5238 up trend remain intact and intraday resistance point are at 5314 and 5340 and 5380 level

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR APRIL 10 - TUESDAY

Nifty closed lower at 5234 . So today the first resistance for nifty is at 5258-61 level. Next resistance ranges are at 5281-86,5303-06,5328-33,5375-80, 5414-19,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5210-05 level. Next supports are at 5187-82,5152-49,5125-20,5108-05,5080-75,5040-35 level.The market is now in a slight bear trend and a move below 5182 may add fire to the bear sentiment and on upside intraday resistance are at 5261 and 5286 level and no long is advised until nifty moves above 5333 level.

SHORT TERM BUY CALL - GATI

Gati

BSE: 532345  NSE: GATI   CMP: 32.00 .   Buy gati around 30.00 - 32.00  levels for a short term target of  40.00 with a stoploss of 27.50 for few weeks holding.

STOCKS IN THE NEWS FOR THE WEEK AHEAD

* M&M is the best beneficiary in the auto segment post budget. Even the Disel price hike may not dampen its spirit!
* Bharti Airtel will score over Idea and Rcom as the interest of 'smart’ and 'rare' investors rests here.
* ITC has always had its best moves post budget and swallowed the excise rise smartly. This year, too, it has begun to scale a new high.
* LIC Housing Finance is all set to surpass Rs.400 mark says the market wizard.
* Tamil Nadu raises power tariff, so does poor and ‘aam aadmi's’ Mamata. Will Akhilesh Yadav follow suit?
* Braun, a German healthcare company, has acquired majority stake in Ahlcon Parenteral at a very rich valuation and has come out with open offer at Rs.460 per share. Hold on as at it may soon turn into a delisting story.
* Post the open offer by promoters at Rs.7 per share, the share price of Aksh Optifibre has tripled over the last few months. At market cap of Rs.200 crore, it is a pure sell.
* Provogue (India) is trading arguably cheap at a valuation of Rs.165 crore. Worth buying and holding for a year or so.
* IVRCL counter may see some action with the ongoing race for ownership between Subhach Chandra of Essel and Sudhir Reddy. 

* The shares of ITD Cementation can be bought for decent gain as it is likely to post an EPS of Rs.18-20 in the current year. The share is poised to touch Rs.250 mark.

 * KNR Constructions is expected to post an EPS of Rs.24 in FY12 and Rs.28-30 in FY13. The share is going cheap and may advance by over 50% in the medium-term. 

* With a likely EPS of Rs.18 in FY12 and Rs.22-24 in FY13 post expansion, the share of Pitti Laminations is an excellent buy. The share is poised to touch Rs.100 in the medium-to-short-term

. * The IFB Agro counter is witnessing hectic investment buying on its strong fundamentals. The liquor major is likely to post an EPS of Rs.42-45 in FY12. A conservative P/E of even 8 will take the share price to over Rs.340 mark. 

* Some IT analysts are extremely bullish on Zensar Technologies, which is expected to post an EPS of Rs.40 in FY12. A conservative P/E of even 6 will take its share price to Rs.240 in the medium-to-short-

* ASM Technologies, a small cap IT firm, is expected to clock an EPS of Rs.22 in FY12 and Rs.28 in FY13. The share is sure to touch Rs.100 mark.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR APRIL 9 - MONDAY

Nifty closed slightly lower at 5322 . So today the first resistance for nifty is at 5338-41 level. Next resistance ranges are at 5353-55,5375-79, 5414-19,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5310-07 level. Next supports are at 5291-87,5268-65,5250-45,5228-23,5196-92,5171-66,5152-49,5110-05,5080-75,5040-35 level.The market is now in a indecisive mood and we expect the trend to be sidelined with bulls if nifty make a strong move above 5380 this week and a move below 5250 can wipe out the slightest bull sentiment.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR APRIL 4 - WEDNESDAY

Nifty closed slightly higher at 5358 . So today the first resistance for nifty is at 5375-79 level. Next resistance ranges are at 5392-95, 5414-19,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5342-37 level. Next supports are at 5324-19,5290-85,5268-65,5228-23,5196-92,5171-66,5152-49,5110-05,5080-75,5040-35 level.The trend is slightly on bull side and intraday resistance will be at 5379,5395 and 5419 level.On downside if nifty is below5319 be very alert and bears can took control if nifty is below 5285 level.

SHORT TERM BUY - VARDHMAN POLY

Vardhman Polytex

BSE: 514175  NSE: VARDMNPOLY  CMP: 70.00. Buyn vardhman polytex around 70.00 and below levels for a short term target of 85.00 with a strict stoploss of 65.00. for few weks holding.

FII & DII ACTIVITY ON APRIL 2 - MONDAY

CITI Group sells 2.06 lac shares in RIL

Black Stone buy 3.87 lac shares in Godrej Industries

LIC buys 4.11 lac shares in Educomp Solutions

CLSA buys 8.46 lac shares in Titan Industries.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR APRIL 3 - TUESDAY

Nifty closed slightly higher at 5317 . So today the first resistance for nifty is at 5333-35 level. Next resistance ranges are at 5349-51,5368-73, 5411-16,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5301-99 level. Next supports are at 5283-79,5263-60,5223-18,5196-92,5171-66,5152-49,5110-05,5080-75,5040-35 level.The trend is slightly on bull side but a strong move above 5373 is required for the trend to be strong and on down side if nifty is below 5260 be very alert and avoid long below that level

MULTIBAGGER STOCK RECOMMENDATION - PANAMA PETRO

 Panama Petrochem Code: 524820   CMP: Rs.188

Panama Petrochem  is one of India’s leading manufacturer and exporter of petroleum speciality products. In fact, it manufactures over 80 product variants used across 6-7 broad industry segments. It develops customised products as per client specification in the field of petroleum and feeds to various industries like printing ink, resin, cosmetics, rubber products, pharmaceuticals, engineering, texturising, chemicals including petrochemicals. It has five manufacturing units located in western India - Ankleshwar (Gujarat), Daman (Union Territory), Mumbai (Maharashtra), Taloja (Maharashtra) and Dahej (Gujarat). It also has a fully equipped R&D centre at its Ankleshwar unit where it formulates new and value-added products. Last fiscal, it set up a state-of-the-art manufacturing facility located in the SEZ at Dahej. Under Phase I, which got completed in August 2010, the company has built distillation & refining units with an installed capacity of 30,000 TPA to manufacture various petroleum fractions suitable to feed the requirements of the drilling & mining industries. Construction for Phase II with additional capacity of 70,000 TPA is yet to commence. Dahej is expected to rapidly grow to become a major logistics hub for the import & export of bulk liquids & containers, which will help the company to expand its business with international markets and reduce logistic costs. Its products are exported to over 40 countries. Importantly, the company focuses on niche speciality products with better realization, which enables it to pass on the incidence of higher input costs to its clients. Thus it was able to maintain its profit margin despite being vulnerable to volatile crude oil prices. To fund its Dahej plant expansion, the company had recently raised around Rs.62 crore via the GDR route at Rs.253.68 per equity share. This has diluted the equity by 40% to Rs.8.60 crore. But the whole amount raised is still lying idle in the bank and is yet to be deployed for expansion. Hence the benefit of this capital will accrue in future years although the equity dilution happened immediately. Recently, the company has reported poor performance for Q3FY12, because of which the stock is trading at its low. For FY12, it may clock a turnover of Rs.600 crore with net profit of Rs.35 crore i.e. an EPS of Rs.41 on its expanded equity. For FY13, it has the potential to register an EPS of Rs.65. At its market cap of Rs.150 crore, it’s grossly cheap and deserves much better valuation. A decent buy. Meanwhile, the management has also got the shares listed on the NSE from 30 September 2011 to improve the liquidity in the counter.

STOCK RECOMMENDATION - PG FOILS

 P G Foils  Code: 526747  CMP:  Rs.79.80

The share price of P G Foils is hitting new lows on the back of the bearish sentiment and its subdued Q3FY12 performance. However for the first nine months of FY12, it has registered 40% jump in sales to Rs.144 crore and PAT has almost doubled to Rs.10.60 crore. Hence it has already posted an EPS of Rs.13 till date in the current fiscal. Belonging to the Rajasthan based Prem Group, the company is one of the leading names in the manufacture of aluminum foils and its laminates in India. It produces plain and printed aluminum foils, foil laminates and flexible packaging material for various uses in the packaging for pharma, FMCG and other products. It specializes in multilayer laminated and multicolour printed flexible packaging materials. It offers a range of products made with the combination of aluminium foil, paper, PET, PE, BOPP etc. of varied thickness, width and different coatings. Besides catering to the domestic market, the company also exports its products to countries like Bangladesh, Iran, Kenya, Mexico, Nepal, Nigeria, Russia, Sudan, Thailand & UAE. Presently, its manufacturing facility is in Pali, Rajasthan, having an installed capacity of 10,500 MTPA of aluminium foil and 1200 MTPA of flexible packaging. However, the capacity utilization is quite low and stood at 50% in FY11. The plant is equipped with the most modern aluminum foil producing machinery with technical knowhow sourced from UK. It has the capability to laminate two substrate through any polymer, water based adhesive, solvent based adhesive and providing sealant layers of any combination of polymers like PVC, PP, PS and Glass surfaces. The company has also installed a windmill at Jaisalmer for captive consumption. Fundamentally, the company is expected to clock a turnover of Rs.190 crore with PAT of Rs.15 crore for FY12. Last year, it took the Board’s approval to issue around 20 lakh warrants to promoters and non-promoters, which can be converted into equity shares at not less than Rs.150 per share. At the current market cap of Rs.55 crore, the share is trading cheap at a P/E of less than 4 times. Buy now and add more at declines.

STOCKS IN THE NEWS FOR THE WEEK AHEAD

* Tech Mahindra emerges as a dominant player in telecom IT sphere now that Mahindra Satyam is merged with it.

 * Glenmark Pharma’s right issue at Rs. 45 for augmenting investing capital requirements means its future remains under question and it may slip into the red for FY12. 

* Reliance Industries remains the twelfth man in the Nifty and Sensex team as it is out of form! 

* HPCL is at last catching up with BPCL’s pace. IOC too will start dancing in tune with the fuel price hike. 

* SEBI is perplexed at the Alog (Algorithm) way of executing trades. Soon a regulatory framework will come, which will control the values that have touched ridiculous levels putting Las Vegas to shame!

 * Colgate is on the way up. Its diminished equity to one-tenth supporting a large turnover is a superb recipe for creating wealth for stakeholders. 

* Panacea Biotech has come down to tempting levels having of posted losses for the last two quarters. Good opportunity for long-term investors to accumulate.
* It is high time retail investors booked profit in Jubilant Foodworks. At a market cap of Rs.7,000 crore, it is trading at absurd valuation despite operating in a stiff competitive environment! 

* Dhanlaxmi Bank is working out a revival plan to put the bank on growth trajectory with controlled cost. However, it has lost the aggression and passion of Amitabh Chaturvedi. Stay away. 

* Mitsubishi Pencil has bought 13.50% stake in Linc Pen & Plastics for Rs.20 crore. At the current market cap of Rs.70 crore, the scrip has the potential to move up further. Hold on for six months. 

* The share of AGC Networks is witnessing an upside. With a likely EPS of Rs.42, the share is expected to touch Rs.250 at conservative P/E of 6. 

* An analyst strongly recommends the share of JMC Projects, a Kalapataru Group company. It is expected to post an EPS of Rs.18-20 and its share, which has come off its recent high of Rs.136, is poised to regain soon.

 * Micro Technologies is likely to clock an EPS of Rs.85-90 in FY12. The share is poised to touch Rs.225 mark soon. 

* Aries Agro is in a consolidation phase. One technical analyst recommends the share with a target price of Rs.100 as it is expected to notch an EPS of Rs.18 in FY12 and Rs.22 in FY13. 

* Diamond Power Infra is all set to garner an EPS of Rs.28-30 in FY12. It has major expansion plans. The share, which came off its recent high of Rs.145 is expected to appreciate by over 35% in the medium-term. 

* MNCs Morganite Crucible and DIC India are expected to do well in FY12. The shares are an excellent buy with a likely appreciation of above 40% in the medium-term.

NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR APRIL 2 - MONDAY

Nifty bounced back to close at 5295 . So today the first resistance for nifty is at 5313-15 level. Next resistance ranges are at 5330-33,5352-55,5370-75, 5421-26,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5275-73 level. Next supports are at 5259-55,5223-18,5197-93,5171-66,5152-49,5110-05,5080-75,5040-35 level.The trend has slightly reversed but 5335 and 5372 will be good barrier for upside for intraday and on downside below 5255 be very alert and avoid long below that level