NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 26 - WEDNESDAY

 Nifty closed almost on a flat note at at 5673 level . So today the first resistance for nifty is at 5689-93. Next resistance ranges are at 5707-12,5722-25,5735-38,5765-70,5788-92,5828-32,5858-62 levels. On downside first support is at 5644-39 level. Next supports are at 5623-18,5586-81,5566-62,5530-25,5490-86,5460-56,5440-35,5412-08,5383-78,5348-43,5325-20 level.So today intra resistance will be at 5693,5712,5725 and 5738 level and on down side be alert below 5639 and avoid longs below 5618 Positional Support for NIFTY 5552 5466 5407 5365 5321 5301 5188 5162 and positional Immediate resistance for NIFTY is 5731.
Intraday Resistance of NIFTY are 5701.5/5724.3/5769.9/5790/5828.1/5866.4
Intraday Support of NIFTY are 5646.3/5623.5/5583.5/5563.8/5526.6/5489.4

SHORT TERM BUY CALL - SWELECT ENERGY

Swelect Energy Systems

BSE: 532051  NSE: SWELECTES  CMP:141.00  Buy swelect energy around 140.00 levels for a short term one two months target of 162.00 and medium term target of 184.00 with a strict stoploss of 133.50.

SHORT TERM TARGET HIT - UNITY INFRA

buy call given on september 2 for unity infra at a price of 40.00 for a short term one month target of 46.00. unity infra hit the target exactly in a month of time,hit 48.00 intraday high yesterday and closed at 46.00 (15% gains ).

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 25 - TUESDAY

Nifty closed on a slight bear note at at 5669 level after the strong bull move of last day. So today the first resistance for nifty is at 5690-95. Next resistance ranges are at 5715-20,5737-41,5775-80,5796-01,5828-32,5858-62 levels. On downside first support is at 5645-40 level. Next supports are at 5623-19,5589-84,5566-62,5533-29,5490-86,5460-56,5440-35,5412-08,5383-78,5348-43,5325-20 level.So today intra resistance will be at 5695,5720 and 5741 level and on down side be alert below 5640 and avoid longs below 5620. Positional Support for NIFTY 5490 5412 5385 5335 5303 5285 5177 5153 and positional Immediate resistance for NIFTY is 5731.
Intraday Resistance of NIFTY are 5737.6/5784/5861/5810.2/5849.4
Intraday Support of NIFTY are 5644.7/5598.3/5521.3/5502.1/5464.2
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.

STOCKS IN THE NEWS FOR THE WEEK

* Political pundits give UPA2 another six months before the pack up is ordered and elections announced. 
* Mahindra & Mahindra is all set to carve a niche of its own on the Indian corporate canvas. Its auto division is busy talking to Fiat for a JV. Its Tech division will take a leap with the merger of Satyam. Soon it will export its Quanto to Europe and Africa. A scrip for every portfolio. 
* A package of relief to the ‗aam aadmi‘ on the health front will be announced by the Prime Minister, which may heal the wounds, if any, caused by the fuel hike or FDI in retail. 
* Sell, sell and sell at every rise for this is unsustainable rise and as crazy as Indian politics, says a market veteran. 
* Thursday, 27 September 2012 may see hectic activity being roll over day of F&O positions. If market opens weak it shall zoom in the last half hour but if it zooms early in the session, it will be doomed in last 30 minutes. 
* Share price of Amara Raja Batteries has shot up dramatically after its excellent Q1FY13 performance and ahead of the record date for stock split on 26 September 2012. Book partial profits and don‘t be greedy. 
* Vakrangee Software claims to have bagged a 5-year contract worth Rs.1,258 crore for Financial Inclusion Project from the Bank of Baroda. Better to stay away from this counter and not to get lured by such announcements, considering the company‘s track record. 
* Something is surely brewing in Man Industries. Scrip has zoomed 75-80% in barely 10 sessions. Hold on to your position as the company may announce some good news in the near future.
 * After all the buzz, the share price of Kavveri Telecom witnessed a free fall and the scrip is down 50% in two weeks. Exit immediately, even at the current price. 
* Shilpi Cables is being merged with bluechip Microqual Tech. The share is expected to touch Rs.35 soon.
 * Hyderabad Industries is expected to post an EPS of over Rs.100 in FY13 with a book value of about Rs.550. It may announce a liberal bonus and the share is expected to touch Rs.700 mark. * RS Software is likely to post an EPS of Rs.40 in FY13. Some HNIs have accumulated this stock for a target price of Rs.200 in the medium-to-short-term.
 * Morganite Crucible India has not participated in the rally. This 75% subsidiary of UK based Morganite is all set to post consolidated EPS of Rs.40 in FY13. At a conservative P/E of 15 will take this MNC share to Rs.600 in the medium-term. 
* Pochiraju Industries is expected to start its Biopharma plant by the end of the current year. The share is all set to cross the Rs.20 mark. 
* Venus Remedies is doing well and on course to post an EPS of Rs.60 in FY13 and Rs.70 in FY14. The share has all the potential to double in the medium-to-long-term.
 * With a likely EPS of Rs.22 in FY13, the share of Manaksia can be bought at a P/E of just 2 for decent gain of over 50% in the medium-term. 
* Surana Corporation is the cheapest share in the jewellery segment and is expected to post an EPS of Rs.30 in FY13. The share is expected to fetch a handsome gain of 50% in the medium-to-short-term. 
* A technical analyst recommends Gulshan Polyols, Karur KCP Packkagings, Kalpataru Power, Liberty Phosphate and Ramky Infra as hot buys for this week.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 24 - MONDAY

Nifty closed on a strong bull note at at 5691 level and formed a new one year high. So today the first resistance for nifty is at 5704-10. Next resistance ranges are at 5733-37,5778-83,5810-15,5858-62 levels. On downside first support is at 5644-40 level. Next supports are at 5620-16,5597-92,5550-46,5523-18,5490-86,5460-56,5440-35,5412-08,5383-78,5348-43,5325-20 level.So today intra resistance will be at 5710,5737 and 5783 level and on down side be alert below 5640 and avoid longs below 5592.Positional Support for NIFTY 5490 5412 5385 5335 5303 5285 5177 5153 and positional Immediate resistance for NIFTY is 5731.
Intraday Resistance of NIFTY are 5737.6/5784/5861/5810.2/5849.4
Intraday Support of NIFTY are 5644.7/5598.3/5521.3/5502.1/5464.2
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 20 - THURSDAY

Nifty closed on a very slight bear note at at 5600 level. So today the first resistance for nifty is at 5617-21 level. Next resistance ranges are at 5633-37,5655-60,5691-96,5711-16,5748-53 levels. On downside first support is at 5582-79 level. Next supports are at 5566-63,5548-44,5514-09,5490-87,5458-53,5425-20,5404-99,5383-78,5348-43,5325-20 ,5275-70,5250-46,5230-25,5195-90 level.So today unless below 5563 nifty is on bull side and if below that level avoid longs and on upside resistance are at 5621,5637 and 5660 level Positional Support for NIFTY 5423 5367 5364 5310 5291 5270 5170 5146 and positional Immediate resistance for NIFTY is 5663.
Intraday Resistance of NIFTY are 5618.7/5634.2/5695.4/5715.4/5753.3/5791.4
Intraday Support of NIFTY are 5581.4/5565.9/5510.1/5490.4/5453.4/5416.5

STOCKS AT A GLANCE

Mukand Engineers (Rs.24.40) - This Bajaj group company is mainly into supply and Erection of equipments for Power Generation Plants, Integrated Steel Plants, Aluminum Plants and Hydrocarbon Plants. The contracts cover erection of mechanical plant, Structural, Piping and Electrical works. The company also undertakes Engineering and Project Management jobs for Steel plants and Electrical works at Power plants. For FY12, it recorded a net profit of Rs.3.29 crore on sales of Rs.65.12 crore as against net profit of Rs.6.52 crore on sales of Rs.75.96 crore in FY11. For Q1FY13, it made a profit of Rs.48 lakh on sales of Rs.13 crore. The company has a strong order book position of around Rs.378 crore against Rs.150 crore last year. Of this, it has a
Rs.215 crore order from NMDC that has to be completed before March 2015. Around 55% of the orders are from the steel sector and the balance from the power sector. It is very selective in order booking and most of the orders are remunerative with better margins. The company has declared 10% dividend and its outlook is encouraging as the order book position is almost 5 times the average sale of the last two years. Seeing to the good order position, it is likely to report sales of around Rs.100 crore in the current year and the management may raise the dividend to 15% for FY13. Thus the downside to the stock is limited.
The book value of the share is Rs.44 while the current market price (CMP) is around Rs.24. The ROCE of company has been around 20% for the last three years. Since valuations are attractive, the stock is strongly advised for buying on dips.
* Coromandel International (Rs.276) is a stock that investors can keep a watch to accumulate on SIP basis on dips.
* Haldyn Glass (Rs.18.40) has moved up well from Rs.12/13 to Rs.20 level, which is a decent return in this uncertain time. Investors can book partial profit and switch to Apcotex at Rs.174.
* Relaxo Footwear (Rs.723) has given good jump from Rs.400 to high of Rs.818 over the last three months. Investors can book 10/15% profit and lock the same in Tube Investments or Kesar Terminals around Rs.60.
* After long consolidation, Somany Ceramics (Rs.49) has given a good upmove this week. Investors can continue to hold the stock for good long-term growth.
* Manali Petrochemical (Rs.10.62) is a 12% dividend paying company on Rs.5 paid-up share with ROCE of 37% & RONW of 27%. It is almost debt free and has a track record of consistent dividend for the last six years. It is good stock to lock part profit for good dividend yield and decent long-term growth.
* La Opala RG (Rs.134) is another consumption story stock where marketmen & investors are showing interest. Investors can keep a watch to accumulate this share on dips around Rs.120/122 levels.

STOCKS IN THE NEWS FOR THIS WEEK

*BHEL risks cancellation of orders as most of its private sector customers are involved in Coalgate directly or indirectly.
* Gold financing will attract strict KYC norms. There is a lot of cash element involved in such deals feels the regulator.
* Reliance Industries will lead the next leg of the rally. Although sulking right now, it will contribute the maximum to the upswing in Sensex and the Nifty.
* Tech Mahindra will emerge a smart winner in the I.T. segment with a telecom bias. Just await Satyam's merger with it.
* Banking counters are available at attractive P/E multiples. Look out for Central Bank, Dena Bank, Corp Bank, Federal Bank and the best of all Yes Bank.

* Panacea Biotech has appreciated sharply on reports of likely redemption of Rs.400 crore worth of bonds. Take advantage of this opportunity and exit immediately as the company is not in a good shape.
* Trading pattern indicates some serious accumulation in PSL Ltd. Keep a close track as scrip can appreciate 15-20% in the short-term.
* Exit Amar Remedies as the company is in some financial trouble and all is not well.
* IRB Infrastructure has stabilized and is consolidating for the last 2-3 months. Technically, the scrip is ripe for a sharp spurt anytime. Wait & watch.
* A technical analyst recommends Paushak Ltd., Chartered Logistics and Vikram Thermo as hot buys for this week.

SHORT TERM BUY - KESAR TERMINAL

Kesar Terminals and Infrastructure

BSE: 533289  NSE: KTIL   CMP: 59.00 Buy kesar terminals around 58.00 levels for a short term target of 70.00 with a stoploss of 54.00

SHORT TERM BUY - CARBORUNDUM UNIVERSAL

Carborundum Universal

BSE: 513375  NSE: CARBORUNIV  CMP: 148.00 .  Buy carborundum universal around 145.00 - 147.00 range for a short term two months target of 162.00 with a stoploss of 140.00

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 13 - THURSDAY

Nifty closed on a bull note at at 5431 level. So today the first resistance for nifty is at 5455-60 level. Next resistance ranges are at 5475-80,5515-20,5547-50,5563-66 levels. On downside first support is at 5407-02 level. Next supports are at 5385-80,5359-54,5325-20 ,5275-70,5250-46,5230-25,5195-90,5166-61,5149-46,5128-232,5093-88 level.So today unless below 5400 trend are on bull side but be very alert and avoid long if nifty is below 5380 level and on upside intra resistance are at 5445,5460 and 5480 levels Positional Support for NIFTY 5329 5309 5302 5274 5271 5241 5155 5135 and positional Immediate resistance for NIFTY is 5447.
Intraday Resistance of NIFTY are 5456.1/5476.9/5510.9/5530.7/5568.2/5605.9
Intraday Support of NIFTY are 5405.9/5385.1/5327.6/5308.2/5271.5/5235

SHORT TERM BUY CALL - HARRISONS MALAYALAM

Harrisons Malyalam

BSE: 500467  NSE: HARRMALAYA  CMP: 62.00 Buy harrisons malayalam at 62.00 and below levels for a short term target of 74.00 with a stoploss of 55.50 for few weeks holding.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 12 - WEDNESDAY

 Nifty closed on a flat trend at 5358 level. So today the first resistance for nifty is at 5405-10 level. Next resistance ranges are at 5425-30,5449-53,5470-75,5515-20,5547-50,5563-66 levels. On downside first support is at 5373-70 level. Next supports are at 5356-52,5332-28,5312-08, ,5275-70,5250-46,5230-25,5195-90,5166-61,5149-46,5128-232,5093-88 level.So today if nifty strongly trades above 5410 the sign is positive and chance are high for the nifty to continue up trend and on downside be alert below 5352 level and avoid longs if nifty is below 5328 level. Positional Support for NIFTY 5325 5308 5290 5268 5237 5153 5132 and positional Immediate resistance for NIFTY is 5404.
Intraday Resistance of NIFTY are 5423.8/5451.9/5483/5520.3/5557.7
Intraday Support of NIFTY are 5356.2/5328.1/5281.1/5261.8/5225.4/5189.1

STOCKS AT A GLANCE

* JOCIL (Rs.110.05 - NSE) is engaged in the manufacture of Stearic Acid, Fatty Acids, Refined Glycerine, Soap Noodles, Toilet Soap, Industrial Oxygen and in the generation of Power from biomass and wind. Besides its core business, fixation of higher purchase price for power exported to AP Transco effective from 1st April 2004 and introduction of RECs is likely to generate additional revenue in the coming years to compensate for the high cost of generation from biomass fuels. The company is entitled to RECs for captively consumed power from its 6 MW Biomass Cogeneration Power Plant and is expected to earn an additional revenue of about Rs.240 lakh per annum if the scheme is strictly implemented. It is a 50% dividend paying company with a share book value of Rs.146. The stock looks attractive at the current level.
* Garware Wall Rope (Rs.50.70) stock with a share book value of Rs.106, dividend of 25%, expected EPS of Rs.11/12 in FY13 looks attractive at Rs.50 level which is cum dividend. Last year exports shot up 38% and exports contribute 42% of sales. The weakening of the Rupee will help the company. Investors can accumulate this stock on dips.
* The market cap of Rapicut Carbide (Rs.70.50) is Rs.15 crore while its share book value is Rs.65. At 30% cum dividend, stock looks attractive for buying on dips. There is also promoter buying in the stock.
* Weizman Forex (Rs.73.35) has a safe business model. With a share book value of Rs.54, expected EPS of Rs.22 in the current year, this 20% cum dividend stock looks attractive. Investors can accumulate this stock on dips.

 *Liberty Phosphate (Rs.75.20) has four manufacturing units situated at Udaipur (Rajasthan), Nandesari (Gujarat), Kota (Rajasthan) and Pali (Maharashtra), which put it in a good stead to speedily service demand. It is setting up one more Unit at Rae Bareilly in Uttar Pradesh where the Plant & Machinery is under erection and commercial production is likely to commence in FY13 and cater to the demand of North & East India. Its Proximity to raw material sources/markets coupled with a dedicated multi-disciplinary work force has all along enabled the company to respond to spurts in demand. The company's brand 'Double Horse' agri inputs is well accepted as a premium quality product in the market. The management has increased stake by 5.92% over the last 5 quarters with 2.87% increase in the last quarter itself. The stock had come down due to the slow progress of the monsoon. But now that there is an overall improvement in rainfall all over India, investors can think of accumulating this stock. Its FY12 EPS was Rs.36 and the share book value is Rs.95.
* Apcotex Ltd. (Rs.163) is an Asian Paint affiliate company. Its plant situated at Panvel near Mumbai, manufactures Synthetic Lattces that are used for tyre cord dipping, paper and paperboard coating that is mainly used in packaging FMCG and food, carpet backing, concrete modification/water proofing, textile finishing, paints and arious grades of Synthetic Rubber products such as footwear, automotive components, moulded items, V-belts etc. Sales of the company have grown from Rs.118 crore to Rs.280 crore over the last five years while net profit has shot up from Rs.3.81 crore to Rs.10.78 crore. The management has raised the dividend from 30% to 80%. The company’s plant is situated in about 20 acres where the cost is around Rs.5 crore per acre while its current market cap is only Rs.86 crore. FY13 Sales may grow to Rs.360 crore with net profit around Rs.14.5 crore at net profit margins of 4.5%. Dividend may be hiked to 85% this year and since reserves are good the management may declare a liberal bonus too. The stock looks safe for accumulation on dips for decent long-term growth.

STOCK VIEW - KNR CONSTRUCTIONS

KNR Constructions

BSE: 532942   NSE: KNRCON   CMP: 106.00

KNR Construction (Code: 532942) (Rs105.45) is an infrastructure development company that provides
engineering, procurement and construction (EPC) services across various fast growing sectors such as roads and highways, irrigation and urban water infrastructure management. The company has gradually upgraded from pure fixedrate contracts to EPC-based contracts. Its project execution strength primarily lies in road transportation engineering projects, wherein it undertakes construction of technically complex & high value projects including expressways, national highways, state highways, rural roads, flyovers, bridges, viaducts & civic amenities under urban development. It executes infrastructure projects independently as well as through joint ventures (JVs) to leverage on the experience and execution capabilities of both parties, which enable it to bag orders in diverse areas and of higher value. Most of its clients are government bodies like the National Highways Authority of India (NHAI), and the public works departments (PWDs) of several state governments. Apart from owning a huge fleet of specialized and hi-tech construction equipments, it also has three captive quarrying mines, 24 crusher units with a crushing capacity of 700 TPH and 11 batch plants. Recently, the
company completed and commissioned the Rs.592 crore annuity project on the Hyderabad-Nagpur highway which is in the BOT format. It bagged some huge orders in 2011-12 and had an unexecuted order book position of over Rs.3042 crore as on 31st March 2012. In August 2012, it was awarded a DBFOT project with a project cost of Rs.682 crore and grant of Rs.265 crore for four laning of highway NH 47 in Kerala for a concession period of 20 years. As of today, KNR is one of the most under leveraged construction companies with a low debt:equity ratio of 0.12 and is hardly impacted by the prevailing high interest rates. Secondly, it can easily raise loans to fund new projects. To accelerate the growth momentum, the company intends to diversify its scope of activities to include hydel power and pipeline projects as well. It also seeks to bag international projects and has formed a subsidiary in Oman in the Middle East. Further, it is open to experiment with real estate development of commercial, residential and retail projects and is awaiting the right opportunity. As per unconfirmed reports, KNR holds 90-acre freehold land with significant portion in adjacent districts of Hyderabad in Andhra Pradesh, about nine acres in Karnataka, and about half acre near Chennai in Tamil Nadu. It recorded a PAT of Rs.53 crore on total revenue of Rs.750 crore in 2011-12. At a current market cap of Rs.300 crore, the stock is trading arguably cheap. Accumulate at declines.

STOCKS IN THE NEWS FOR THIS WEEK

Sources close to Kilitch Drugs question the share price of Rs.85 since the company has sold 80% business of generic formulations to a foreign company and the turnover is likely to crash from Rs.150 crore to just Rs.10 crore.
* FIIs’ purchase of Rs.502 crore and DIIs’ buy of Rs.218 crore on Friday paves the way for better days ahead.
* Market pundits who are frustrated with the lull in the market are turning to spiritualism or busy studying the bluechips by visiting their plants and talking to the managements at length.
* Small and medium-sized broking outfits are takeover targets of Motilal Oswal, Angel Broking and Edelweiss. They pay one time royalty for acquiring the clients of such brokers and sub brokers.
* According to Jim Rogers, no country with a debt:GDP ratio of over 90% can record growth. Are we sitting on a ticking time bomb of sovereign default?
* Poor Colgate and rich COALGATE is how one tweets on the net. Obviously, compared to COALGATE’s turnover the cash rich Colgate looks a pauper!
* India Glycols is faring well but the stock is trading fairly cheap at a market cap of less than Rs.500 crore. The scrip is in a bull grip and may continue to make new highs.
* J Kumar Infraprojects has shot up 25-30% in last one month or so. Book partial profits and play safe.
* Star India is contemplating to sell its stake in Balaji Telefilms. Hold on to your position as the scrip may see a sharp rise once the deal actually goes through.
* Piramal Healtcare is planning to acquire the cRAMs facility of Ind-Swift Laboratories. Aggressive traders can buy this scrip for short-term gains.
* Going by Q1FY13 results, Ansal Housing could post a consolidated EPS of Rs.18-20 in FY13. The share can fetch a decent appreciation of 50%.
* Globus Spirits is expected to post an EPS of Rs.20 in FY13 post expansion and merger of Associated Distilleries. The share may touch Rs.140 in the medium-term.
* Marketmen expect AGC Networks to post an EPS of above Rs.70 in FY13 and Rs.80 in FY14. The share is poised to touch Rs.500 mark shortly.
* Pitti Laminations can be bought for decent appreciation in the medium-term given a likely EPS of over Rs.20 in FY13. The share can fetch a return of 40%.
* Brisk investment buying is reported in Hyderabad Industries, which is expected to post an EPS of Rs.95-100 in FY13. As an ideal bonus candidate, it is likely to touch Rs.600 mark.
* A technical analyst recommends Acropetal Technologies, Dai-ichi Karkaria, Indoco Remedies, Liberty Phosphate and Shreyan’s Shipping as hot buys for this week.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 11 - TUESDAY

Nifty closed on a flat trend at 5358 level. So today the first resistance for nifty is at 5380-84 level. Next resistance ranges are at 5397-00,5415-18,5432-35,5449-54,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5330-25 level. Next supports are at 5305-00, ,5272-68,5250-46,5230-25,5195-90,5166-61,5149-46,5128-232,5093-88 level.So today if nifty strongly trades above 5384 it is a positive sign and on downside be alert below 5330 level and avoid longs if nifty is below 5300 level. Positional Support for NIFTY 5321 5310 5280 5266 5263 5232 5151 5129 and positional Immediate resistance for NIFTY is 5386.
Intraday Resistance of NIFTY are 5372.6/5384.5/5416.7/5451.8/5471.3/5508.4/5545.5
Intraday Support of NIFTY are 5343.7/5331.8/5270.8/5251.6/5215.4/5179.4
Oscillator AnalysisShort Term Oscillator Analysis- and NIFTY in oversold region.

NSE to conduct special live trading session on September 8

The National Stock Exchange of India (NSE) will conduct a special live trading session on Saturday, September 8, 2012 in capital market and futures & options segments.

Pre-open trade will start at 11 am and end at 11:15 am. Normal trading session will happen between 11:15 to 12:45 hours IST.

Timings for block deals will be 11:15 to 11:50 hours IST.

In case of capital market segment, the exchange said, "Trades done on Saturday, September 8, 2012 shall be settled on Tuesday, September 11, 2012, as a separate settlement."

In case of F&O, the daily mark to market settlement for futures and premium settlement for options for trades done in F&O segment on Saturday will take place on Monday, September 10, 2012, says NSE.

SHORT TERM TARGET HIT - NATRAJ PROTEINS

Buy call given  for natraj proteins on august 17th at Rs 21.00 for a short term target of 26.50. stock touched 27.00 yesterday and hit the target in few weeks.

SHORT TERM TARGET REACHED - AUROPHARMA

Buy call given for auropharma on july 25th at 108.00 for a short term target of 116.00. stock hits 120.00 yesterday and continue to uptrend. one can hold for a revised short term target of 133.50 in few weeks.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 07 - FRIDAY

 Nifty closed on a slight bull trend at 5238 level. So today the first resistance for nifty is at 5259-63 level. Next resistance ranges are at 5279-84,5305-10,5325-30,5353-58,5389-94,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5214-10 level. Next supports are at 5195-90,5166-61,5149-46,5128-232,5093-88 level.So today if nifty stays below 5210 it is a weak signal and below 5190 be very alert and avoid longs and on upside intra resistance are at 5263,5284 and 5310 leve

STOCK VIEW - FLEX FOOD

Flex Foods Ltd
cmp:25
Code:523672
Flex Foods Limited, part of Uflex Group of companies, started its operations in 1992 as an Export Oriented Unit, located in Dehradun-Uttarakhand (foothills of Himalaya) engaged in Freeze Drying,Air Drying, Individually Quick Frozen(IQF) and Canning of white button mushrooms, fruits & vegetables, culinary herbs and green pepper corns catering to European, US, Canadian, Australian and Domestic market.. The company has its own captive state of art mushroom growing facility with fully equipped mushroom spawn and compost preparation facilities. The Company has complete backward integration for cultivation of culinary herbs, fruits & vegetables with 100% buy back arrangement through contract farming.Food processing industry has been growing at over 13 percent despite the global slowdown.The Indian food industry is estimated to be worth over US$ 200 billion and is expected to grow to US$ 310 billion by 2015.And now the government is aiming to double the turnover in the next five or six years by setting up mega food parks to attract global capital. The future of the industry looks bright, as the Government of India has taken several measures for developing this industry.Indian mushroom industry has sufficiently geared itself up for a considerable growth in production over next few years as the export demand escalates. The mushroom industry's future is positive due to changing
public perceptions of the fungus.The numbers has been impressive for the last fiscal.For the unaudited full year, net profit rose 21.51% to Rs 4.18 crore in the year ended March 2012 as against Rs 3.44 crore during the previous year ended March 2011. Sales rose 10.39% to Rs 48.56 crore in the year ended March 2012 as against Rs 43.99 crore during the previous year ended March 2011.The sector has good potential and thus if it can scale up its operations-the scrip may attract superior valuations in the bourses.It pays a dividend of 2 bucks which provides an awesome 8% tax free dividend yield at the present price.Downsides are very limited from present levels.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 06 - THURSDAY

Nifty closed on a bear trend at 5225 level. So today the first resistance for nifty is at 5257-62 level. Next resistance ranges are at 5282-87,5315-20,5353-58,5389-94,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5196-91 level. Next supports are at 5167-62,5149-46,5127-22,5093-88 level.So today if nifty stays below 5191 be alert and avoid longs and on upside intra resistance are at 5262,5287 and 5320 level. Positional Support for NIFTY 5212 5151 5118 and positional Resistance for NIFTY is 5276 5280 5321 5327 5347 .
Intraday Resistance of NIFTY are 5257.6/5284.1/5329.1/5348.6/5385.6/5422.7
Intraday Support of NIFTY are 5193.8/5167.3/5129.5/5093.4/5057.5

SHORT TERM BUY - GREAT OFFSHORE

Great Offshore

BSE: 532786  NSE: GTOFFSHORE  CMP: 93.00  Buy great offshore for a short term one to two months target of 112.00 with a stoploss of 87.60.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 05 - WEDNESDAY

Nifty closed on a slight bull trend at 5274 level. So today the first resistance for nifty is at 5299-04 level. Next resistance ranges are at 5319-24,5353-58,5389-94,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5250-45 level. Next supports are at 5228-23,5195-90,5165-60,5149-46,5122-17 level.So today if nifty stays above 5304 it is good and next intra resistance are at 5324 and 5358 level and on down side if nifty is below 5245 be very alert and avoid longs if below 5223.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 04 - TUESDAY

 Nifty closed on flat at 5253 level. So today the first resistance for nifty is at 5279-83 level. Next resistance ranges are at 5301-06,5319-24,5353-58,5389-94,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5228-23 level. Next supports are at 5198-92,5165-60,5149-46,5122-17 level.So today be alert below 5223 level and better stay away from long sid e if nifty is below 5192 level and on upside intra resistance are at 5283,5306 and 5324 levels.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR SEPTEMBER 03 - MONDAY

Nifty closed on bear trend at 5258 level. So today the first resistance for nifty is at 5279-83 level. Next resistance ranges are at 5300-04,5317-20,5336-39,5353-58,5382-85,5399-04,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5236-33 level. Next supports are at 5218-14,5192-87,5165-60,5149-46,5122-17 level.So today be alert below 5233 level and better stay away from long sid e if nifty is below 5214 level and on upside intra resistance are at 5283,5304 and 5339 levels . Positional Support for NIFTY 5247 5194 5150 5111 and positional Resistance for NIFTY is 5284 5311 5363 5366 .
Intraday Resistance of NIFTY are 5300.3/5334.9/5361.9/5381.5/5418.6/5455.9
Intraday Support of NIFTY are 5216.7/5182.1/5125.1/5089
Oscillator Analysis The oscillator is showing SELL signal The oscillator is on SELL signal and share is coming down from overbought levelShort Term Oscillator Analysis- The signal is BUY and NIFTY in oversold region.

SHORT TERM BUY - UNITY INFRA

Unity Infraprojects

BSE: 532746   NSE: UNITY   CMP: 40.60  Buy unity infra project around  40.00 levels for a short term one month target of 46.00 with a stoploss of 37.00

STOCKS FOR THIS WEEK

Economy
•India's economy grew by 5.5% in the April-June quarter this fiscal due to poor performance of manufacturing, mining and farm sectors. The gross domestic product (GDP) had expanded by 8% in the April-June quarter of 2011-12.
Capital Goods
•McNally Bharat Engineering Company has announced that the company has received an order from Bhilai Steel Plant for External Water System for Mills and Fire Water Pumphouses under modernization and expansion of Bhilai Steel Plant at a price of `121.75 crore.
•Elgi Equipments has announced that the company has acquired 100% of Rotair S.p.a. The acquisition is through a 100% subsidiary incorporated in Italy, Elgi Compressors Italy S.r.l.
Engineering
•Larsen & Toubro has decided to shut down its switchgear unit in China due to low growth and stringent competition from local low-cost producers. 

Realty/ Construction
•IL&FS Engineering and Construction Company has won three rural electrification contracts worth 331 crore from West Bengal State Electricity Distribution Company.
Pharmaceuticals
•Strides Arcolab said its subsidiary has received US health regulator's approval to market generic topotecan hydrochloride injection, a cancer drug, in the American market.
•Wockhardt has received approval from US health regulator to sell generic ropinirole hydrochloride, which is used in the treatment of Parkinson's disease.
•Lupin aims to launch a slew of drugs in the US market in the next four years from its pipeline of 110 products awaiting approval from the country's health regulator.
•Orchid Chemicals & Pharmaceuticals had entered into a Business Transfer Agreement (BTA) with Hospira for the sale and transfer of Orchid's Penicillin and Penem API business and the API facility located in Aurangabad (Maharashtra) together with an associated process R&D infrastructure located in Chennai for a total cash consideration of approximately US$ 200 million.

STOCKS AT A GLANCE

* Gulshan Polyols Ltd. (GPL) (Rs.60.60) is an industry leader operating in two business segments of inorganic
chemicals. It is the market leader in 70% Sorbitol globally besides being a major producer of Calcium Carbonate. Sorbitol is a water soluble polyhydric alcohol having sweet taste and high stability besides properties of humectancy and plasticizing. It finds application as input material in various industrial sectors such as Tooth Paste, Pharmaceuticals, Vitamin-C, Cosmetics, Paper and Paints etc. Calcium Carbonate (CaCO3) finds application as input material in various consumable segments such as Tooth Paste, Pharmaceuticals, PVC products, Rubber, Plastic, Polymers, Cable, Leather, Paper and Paints etc. The company has taken steps to reduce operational costs such as power costs and boost the yield, which makes its products more competitive. Its customers have reposed confidence in the quality of its products and service. The per capita consumption of Sorbitol and Calcium Carbonate in India is very low compared to the global average. But
the new usage of Sorbitol in replacing the alternate mix of Glycerin has opened new growth prospects for the industry. It is also used as a low calorie sweetener, which enjoys growing demand as people are becoming calorie conscious. Sorbitol is globally acceptable now and the company exports it to 14 countries.
For Q1FY13, GPL reported a net profit of Rs.5.65 crore after providing depreciation of Rs.3.52 crore on its equity of Rs.4.22 crore yielding a quarterly EPS of Rs.6.7. The company has been a consistent performer over last few years as its products are related with consumable segments that are doing well because of which the stock is attracting the attention of investors. Another interesting point is that the promoters have increased their stake in the company by 4.89% over the last one year.
With a book value of Rs.150, estimated EPS of Rs.25 and dividend of 25%, the stock looks attractive at Rs.61 level. Investors can continue to hold the stock or even accumulate it on dips for a long-term target of Rs.125.
* Somany Ceramics (Rs.43.75) plans to invest Rs.200 crore over the next five years in Gujarat and Karnataka for expanding capacities. The company is also exploring possibilities of acquiring a tile-making firm at Morvi in Rajkot district of Gujarat this year. It has also acquired about 50 acres in Karnataka for setting up a new plant. It would invest Rs.100 crore on this facility after launching the 80x80 glazed vitrified tiles (GVT) manufactured digitally at its Kadi (Mehsana) facility. Another Rs.100 crore will be invested for expanding capacities at Kadi. The new product priced Rs.50M per sq. ft. is expected to double the company’s profit margins. The company enjoys ROCE of 26.22%, with a share book value of Rs.36.
* Kesar Terminals (Rs.62.50): With the growing demand for Petroleum products, Petrochemicals, Chemicals and Crude Oil, the outlook for the company looks good. The revenue from tankage is expected to rise considering the firming up of the terminal cargo business. The company is pursuing a high growth strategy and is focused on expansion with projects at various locations. The company’s market cap is just Rs.34 crore while the stock is available cum dividend 25% at current rate. Long-term investors can accumulate this stock.
* EID Parry (India) (Rs.215.50) is one of the big business groups in the country. The company is engaged in the
manufacture and marketing of a wide range of products that includes Sugar, Bio-Pesticides and Neutraceuticals.
Starting with its first unit at Nellikuppam in Tamil Nadu, the company along with its subsidiaries has 9 units and is one of the largest producer of sugar in South India with a total crushing capacity of around 34,750 TCD. Importantly, as it enters the next sugar year, its total sugar production capacity together with its subsidiaries will rise to 750,000 TPA because of the longer period it can engage in crushing.
The consolidated sales of the company stand at Rs.12,335 crore while its equity base is just Rs.17.37 crore. It made investments worth Rs.205 crore in group companies whose market value is around Rs.5100 crore. It also has unlisted investments of Rs.360 crore whose market value is said to be very high. Dividend for last year was 400%. Investors who want to benefit by the upturn in the sugar cycle and are looking for a stable stock in their core portfolio, can accumulate this stock at every dips for decent long-term growth.
* Anil Ltd. (Rs. 212.50) stock corrected from its 52-week high of Rs.305 to the current level of Rs.212. With an anticipated EPS of Rs.48, book value of Rs.178, the stock looks attractive at the current price, which is cum dividend. Long-term investors can accumulate this stock on dips.
* Relaxo Footwears (Rs.630) is the second largest footwear company in terms of value and brands viz. Relaxo, Flite and Sparx and has enormous potential for growth in coming years. To create strong brand visibility, the Relaxo Retail Shoppe has also played an imperative role in the growth of the company, which is expanding its geographic footprint to boost exports. Overall outlook of the company is encouraging as raw material prices have fallen. It has reported encouraging results for Q1FY13 as sales rose by 15% to Rs.248 crore while net profit shot up by 40% to Rs.15.09 crore. The company is aiming for sales of Rs.1000 crore in FY13. Investors can continue to hold this stock for higher targets.

STOCKS IN THE NEWS FOR THE WEEK

* The political pot is getting hotter every passing minute and smart traders fear a collapse in the next fortnight or so. A huge short position in F&O and cash segments is built up. Watch out for the panic and make purchases in the same.
* India's savings rate to GDP is at its lowest equal to that in 1991. The crisis then and now may be similar as far a lack of confidence is concerned. Market rules out any big inflows of domestic savings into the secondary equity market.
* Put call ratios (PCR) are artificially manipulated by smart operators to mislead the general public and traders. A PCR indicating negative sentiment may in fact be a hedge for a bullish position! 

* Gold is steadying around Rs.31K for 10 gms and is likely to cross Rs.32.5K\10 gms by Deepavali. Silver at Rs.57.5K now may cross Rs.65K by then.
* Debt free companies are doing well even in such trying times. Look out for Bata, Oracle Financial etc.
* As per the market grapevine, Ricoh India plans to delist itself. Its share price may see a sharp jump once it is officially decided and announced.
* Lenovo is to acquire over 50% stake in HCL Infosystem for Rs.500 crore. The deal may be finalized shortly and could boost the share price to some extent. Wait & watch.
* ONGC and Jindal Steel will remain under pressure due to their inclusion in the scam report of the Comptroller & Auditor General (CAG).
* 74 scrips have been shifted to T2T group last week including Wockhardt, SKS Microfinance, Heidelberg Cement, Mastek, Kale Consultants, Reliance Broadcast Network etc. Better to exit them immediately as they may gradually correct 20-30% in coming days.
* A technical analyst recommends Avon Organics, Chartered Logistics, Chamanlal Sethia, India Gelatine and Kanpur Plastipack as hot buys for this week.