INTRADAY TIPS FOR OCTOBER 29-10-2012 MONDAY

SCRIP

ACTION

TRIGGER

TARGET 1

TARGET 2

STOPLOS

ALLCARGO

BUY

131.50

133.25

136.00

130.00

IDFC

BUY

157.00

158.50

160.60

155.50

Tuesday, October 30, 2012

NIFTY LEVELS INTRADAY TREND ANALYSIS FOR OCTOBER 30 - TUESDAY

Nifty almost closed unchanged at 5665. So today the first resistance for nifty is at 5692-96. Next resistance ranges are at 5720-25,5758-63,5780-85,5815-20,5850-55,5888-93,5917-22 levels. On downside first support is at 5635-30 level. Next supports are at 5612-07,5580-75,5560-55,5524-19 level.For last few days market is hovering around 5650-5750 ranges so a be very alert.So today on upside be alert above 5725 and on downside alert below 5607 as chance are high for a negative trend below this level. Have a look at weekly trend.
Positional Support for NIFTY 5569 5526 5459 5357 5268 and positional Resistance for NIFTY is 5695 5703 .
Intraday Resistance of NIFTY are 5694.8/5719/5763.1/5783.2/5821.3/5859.5
Intraday Support of NIFTY are 5636.4/5612.2/5577/5557.3/5520/5482.9

Monday, October 29, 2012

STOCK VIEW - AARTI INDUSTRIES


Aarti Industries

BSE: 524208  NSE: AARTIIND  CMP: 90.90
 Aarti Industries  is a leading manufacturer of Speciality Chemicals with diversified end-uses in Agrochemicals, Pharmaceuticals, High Performance Polymers, Paints, Pigments, Printing Inks, Rubber Chemicals, Additives, Surfactants, Dyes, Flavours & Fragrances, Home & Personal Care applications etc. This diversified end-user base helps the company de-risk itself from a downturn in any individual business segment as also capitalize on the growth opportunities in each end-user segment. In Q1FY13, its total sales grew 15% to Rs.448.89 crore with 26% higher EBITDA at Rs.68.11 crore as against Q1FY12 on a standalone basis. PBT rose 37% to Rs.34.44 crore while PAT rose 39% to Rs.25.04 crore. Segmentwise, Chemicals accounted for 57% of total sales of which 53% was from exports and had an EBIT margin of 15.9%; Agrochemicals formed 23% of total sales of which 47% was from export and had an EBIT margin of 17.9%; Pharma was 11% of total sales of which 52% was export and had an EBIT margin of 4.4%; Home and Personal care contributed 9% of total sales of which 48% was from exports and had an EBIT margin of 2.8%. The expansion of its hydrogenation capacity and backward integrated hydrogen gas generation plant is on track and expected to be commissioned in Q3FY13. Exports of Agri ingredients stood at Rs.49.22 crore in Q1FY13 compared to Rs.24.13 crore in Q1FY12 and Rs.142.89 crore in FY12. Production of SSP in Q1FY13 was 13,700 MT compared to 63,000 tonnes in FY12. The company recently commissioned the Granulator for SSP and is in the process of expanding capacity and targets to increase the volume to about 1,00,000 MT from FY14 onwards. At present, companies producing SSP are doing extremely well. The company has consistently performed well over the last many years as sales have grown from Rs.955 crore to Rs.1800 crore over the last five years and it has maintained its revenue growth target of 15% in FY12. Its Net profit has zoomed from Rs.36.65 crore to Rs.86 crore during same period. Last year, the ROCE was 16% while the average ROCE for the last five years is 18%. Last year’s dividend was around 70%. With a share book value of Rs.65 and dividend yield of 3.7% at the current share price, investors can keep a watch to accumulate this stock on dips for decent long-term growth.

STOCKS INTHE NEWS FOR THE WEEK

* FM may embark on an austerity drive to control planned expenditures. Will that be a speed breaker on the way to faster growth embarked on 15 September 2012? 
* L&T Finance is on a buying spree and will sustain the growth momentum on the back of a strong and diversified business portfolio and increasing overseas presence. An investment banker puts its price at three digits soon. 
* Idea Cellular is the safest bet in the telecom segment. Look at its steady price compared to the decline in Bharti Airtel and RCom. Large investors are switching to Idea from the big giants. What an idea indeed sirjeee! 
* Watch out for action in the Rain Commodities counter as its promoter diversifies into processing coal tar pitch with the purchase of a Belgian Coal tar firm for $915 million. 
* IRB Infrastructure stock has been hit because of its close links with BJP Chief Nitin Gadkari. This stock, which has hit a high of Rs.209, should be accumulated if it falls below Rs.100 level. 
* Balaji Amines is now in a strong bull grip and heading for the century mark. Hold on to your positions. 
* Share price of J Kumar Infraprojects has shot up significantly in the last few months. Book profits and start accumulating Jai Hind Projects. 
* JK Tyres looks strong on the charts. Scrip may appreciate 20-25% in the short-term. Keep a close watch. 
* A technical analyst recommends Ferro Alloys, Gujarat Alkalies, IMP Power, Paushak Ltd. and VTM Ltd. as hot buys for this week.

Monday, October 15, 2012

STOCKS IN THE NEWS FOR THE WEEK

*Amtek Auto bought back shares worth Rs.187 crore at an average price of Rs.129 per share end June 2012. Its share price has since significantly corrected. Buy now and add more at declines.
* Ironically, when most mid caps are shooting up Zen Technologies is heading downwards. Big bulls RJ, still holds over 10% stake in the company. Accumulate at declines.
* Share price of Havells India has been consistently rallying. At a market cap of over Rs.8,000 crore, its fundamentally overvalued. Best time to book profit and exit.
* Although Dolhpin Offshore shot up sharply last week, it still looks strong on the charts. Hold on to your position.
* Shiva Texyarn from the Bannari Amamn stable is all set to post an EPS of Rs.10 in FY13. The share is likely to appreciate by over 50% in the medium-term.
* RS Software has posted robust Q1FY13 results, going by which an EPS of Rs.35 can be anticipated for FY13. An analyst tracking the share projects an EPS of Rs.42-45 in FY14. The share may touch the Rs.300 mark.
* Venus Remedies is the cheapest share in the pharma industry with a likely EPS of Rs.60 in FY13 and Rs.68 in FY14. The share is expected to touch the Rs.400 mark.
* Omax Auto is doing well post expansion. The share is on the radar of some HNIs.
* Shalimar Paints and HIL (Hyderabad Industries) are strong bonus issue candidates and are likely to appreciate fast.
*Shree Ganesh Jewellery House is likely to maintain its EPS of Rs.70 in FY13. The share can be bought for decent gains in the medium-term.

* Yuken India has invested a sizeable Rs.33 crore (67% of its existing block) on expansion. Analysts tracking this sharerecommend it for 50% gain in the medium-term.
* IFB Agro is being accumulated by persons in the know and they expect it to cross the Rs.200 mark.
* A technical analyst recommends Gujarat Alkalies, Kallam Spinning, Shreyan’s Shipping and Videocon
Industries as hot buys for this week.

NIFTY LEVELS - INTRADAY ANALYSIS FOR OCTOBER 15 - MONDAY

 Nifty closed on a slightly bearish note at 5676 level. So today the first resistance for nifty is at 5712-16. Next resistance ranges are at 5741-45,5782-86,5804-08,5835-40,5888-93,5917-22 levels. On downside first support is at 5645-40 level. Next supports are at 5612-08,5590-86,5570-65,5540-36,5516-12 level.So today intra resistance will be at 5716,5745 and 5786 levels and on down side be alert below 5640 and avoid longs below 5608 levels. Positional Support for NIFTY 5593 5489 5450 5386 5279 5222 and positional Resistance for NIFTY is 5708 5721 .
Intraday Resistance of NIFTY are 5712/5741.9/5780.9/5801.1/5839.5/5878
Intraday Support of NIFTY are 5640.1/5610.2/5573.6/5536.1/5498.8
Oscillator Analysis NIFTY is now trading in overbought level. The oscillator is showing SELL signal The oscillator is on SELL signal and share is coming down from overbought levelShort Term Oscillator Analysis- and NIFTY in oversold region.

Wednesday, October 10, 2012

SHORT TERM BUY CALL- KILITCH DRUGS, PAREKH ALUMINEX

Parekh Aluminex

BSE: 532606  NSE: PARAL  CMP: 339.00  Buy parekh aluminex around 335.00 to 340.00 levels for a short term one to two months target of 380.00 with a stoploss of 320.00

 Kilitch Drugs (India)
BSE: 524500  NSE: KILITCH    CMP: 41.00  Buy kilitch drugs around 40.00 levels for a short term one month target of 50.00 with a strict stoploss of 36.00

SHORT TERM TARGET HIT - GREAT OFFSHORE

Buy call given in great offshore on september 5 at a price of 93.00 for a short term target of 112.00. stock hit 114.00 yesterday and closed at 112.60 reached the target in one month time.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 10 - WEDNESDAY

 Nifty closed on a bullish note at 5704 level . So today the first resistance for nifty is at 5730-35. Next resistance ranges are at 5759-64,5798-03,5822-27,5850-55,5888-93,5917-22 levels. On downside first support is at 5680-75 level. Next supports are at 5650-45,5627-24,5610-05,5590-85,5553-49,5530-25 level.So today intra resistance will be at 5735,5764 and 5503 levels and on down side be alert below 5675 and avoid longs below 5645. Positional Support for NIFTY 5668 5541 5465 5419 5369 5255 5208 and positional Resistance for NIFTY is 5717 .
Intraday Resistance of NIFTY are 5733.5/5757.5/5797.3/5817.5/5855.9/5894.4
Intraday Support of NIFTY are 5675.7/5651.7/5609.7/5589.8/5552.3/5514.9
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.

Tuesday, October 9, 2012

STOCKS IN THE NEWS FOR THE WEEK

* Pratibha Industries has finally made new highs. It may see some selling at every rise but eventually touch Rs.75-80 levels. Hold on patiently.
* Recently, share price of Liberty Phosphate has shot up dramatically. Better to book partial profits and play safe.
* Serious buying is on in construction and infrastructure stocks. Hold on to your position in C&C Construction. Scrip may appreciate further 20-25%.
* At a current market cap of Rs.700 crore, Astral Poly Technik seems fundamentally overvalued. Exit immediately and wait for it to revert to Rs.200 levels.
* Shalimar Paints may post an EPS of Rs.50 in FY13 and Rs.65 in FY14 post expansion. Some shrewd investors have accumulated this stock in anticipation of it touching the Rs.1000 mark.
* AGC Networks, which has an addressable market potential of $10 billion, is all set to garner an EPS of Rs.70 in FY13 and Rs.82 in FY14. The share can be bought with a target price of Rs.500 in the near future.
* Venus Remedies, an oncology player, is expected to post an EPS of Rs.58 in FY13 and Rs.68 in FY14. The share has all the potential to touch Rs.400 mark.
* With a likely EPS of Rs.5.2 on FV Re.1, the share of Haldyn Glass is likely to touch Rs.25 in the medium-term.
* The shares of Kanpur Plastics are being accumulated by persons in the know, as it is expected to post an EPS of Rs.16 in FY13 and Rs.20 in FY14. The share is going cheap.
* Shiva Texyarn from the Bannari Amman stable has turned the corner in Q1FY13. FY13 EPS can be Rs.10+ and the share could touch Rs.45 soon.
* Persons in the know are acquiring the shares of MNC Fairfield Atlas in anticipation of it crossing the Rs.200 mark.

NIFTY LEVELS INTRADAY TREND ANALYSIS FOR OCTOBER 09 - TUESDAY

Nifty closed on a bearish note at 5676 level . So today the first resistance for nifty is at 5698-03. Next resistance ranges are at 5721-24,5736-39,5760-64,5798-03,5822-27,5845-50,5888-93,5917-22 levels. On downside first support is at 5650-47 level. Next supports are at 5632-27,5595-90,5575-71,5553-49,5530-25 level.So today intra resistance will be at 5703,5724 and 5739 levels and on down side be alert below 5647 and avoid longs below 5627. Have a look at weekly trend.
Positional Support for NIFTY 5659 5523 5455 5406 5363 5247 5203 and positional Resistance for NIFTY is 5713 .
Intraday Resistance of NIFTY are 5722.9/5761.8/5792.9/5813.2/5851.9/5890.7
Intraday Support of NIFTY are 5629.1/5590.2/5546.2/5508.6
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.

Monday, October 8, 2012

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 08 - MONDAY

Nifty closed on a bearish note at 5746 level . So today the first resistance for nifty is at 5765-68. Next resistance ranges are at 5783-88,5810-15,5829-32,5865-68,5862-66,5888-93,5917-22 levels. On downside first support is at 5730-25 level. Next supports are at 5709-04,5675-70,5750-45,5721-16,5686-79,5658-54,5635-30,5619-15,5603-00,5584-79,5564-59,5530-25 level.So today intra resistance will be at 5768,5788 and 5815 levels and on down side be alert below 5725and avoid longs below 5704. Positional Support for NIFTY 5693 5643 5507 5447 5395 5357 5240 5198 and positional Immediate resistance for NIFTY is 5827.
Intraday Resistance of NIFTY are 5784.9/5816.3/5864.4/5884.7/5923.4/5962.2
Intraday Support of NIFTY are 5709/5677.6/5617.5/5579.8
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.

Wednesday, October 3, 2012

SORT TERM TARGET REACHED - KESAR TERMINALS

Buy call given for kesar terminals on september 13 for a  sort term one month target of 70.00 at a price of 59.00. stock reached 70.00 levels on monday and closed at 71.50 , hit the target in before one month time.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 03 - WEDNESDAY

Nifty closed on a positive note at 5718 level . So today the first resistance for nifty is at 5733-36. Next resistance ranges are at 5747-51,5767-71,5788-92,5806-09,5828-32,5859-64 levels. On downside first support is at 5701-98 level. Next supports are at 5678-74,5656-52,5619-15,5603-00,5588-83,5564-59,5530-25,5490-86,5460-56,5440-35,5412-08,5383-78,5348-43,5325-20 level.So today intra resistance will be at 5736,5751 and 5771 level and on down side be alert below 5700and avoid longs below 5674. Positional Support for NIFTY 5642 5571 5454 5411 5359 5335 5215 5182 and positional Immediate resistance for NIFTY is 5746.
Intraday Resistance of NIFTY are 5734.7/5747.9/5806/5826.2/5864.5/5902.9
Intraday Support of NIFTY are 5702.9/5689.7/5654.5/5618.6/5598.8/5561.4/5524

Monday, October 1, 2012

STOCKS AT A GLANCE

* Dynemic Products Ltd. (DPL) (Rs.20.55) is a major manufacturer and exporter of the complete range of Food Colors, Lake Colors, Blended Colors, FD&C Colors & Dye Intermediates. The company’s products find wide application in the,food, cosmetic, pharma, Ink and edible ink industries.,The company has been a consistent performer with an average ROCE of around 20% for the last three years and an average dividend payout out of the total earnings for the last five years while the last dividend was 13% on EPS of Rs.5.81.
During FY12, sales revenue was Rs.8066.44 lakh with net profit of Rs. 530 lakh as against sales of Rs.6369.34 lakh and profit of Rs. 571 lakh in FY11 i.e. an increase of Rs.1697.10 lakh over FY11. Other income rose from Rs.169.46 lakh to Rs.256.70 lakh during the year. 76% sales of the company is from exports and the company has benefited from the weaker rupee. Last year, DPL had incurred capex the benefit of which is expected to accrue in the current year. In Q1FY13, sales rose 29% to Rs.23 crore while net profit went up to 28% to Rs.1.46 crore. The current year sales is estimated around Rs.95/100 crore with net profit of around Rs.7 crore.
Outlook: The processed food industry has done exceeding well even in the recent turbulent times as more and more people worldwide choose readymade foods, drinks and other consumables rather than make it themselves. DPL foresees a steady increase in the demand for its colours in time to come. There is promoter buying in the stock over the last 15 months slowly, which boosts the confidence of investors. With an
expected EPS of around Rs.6 and ROCE of 20% and expected dividend of 15%, the stock looks attractive for accumulation at current levels.
* Ruby Mills (Rs.694.30) was incorporated in 1917 and is engaged in the business of textiles. Its manufacturing units are located at Khalapur (Raigad district) and in Mumbai. In the realty division, its new building at Dadar, which is one the most modern, has around 10 lakh sq. ft. ready. 25% of which is said to have been sold at an average rate of Rs. 16000 per sq.ft. while around 25% has been leased out at rate of around Rs.130 per sq.ft. as per the recent statement at the AGM. The company has a loan of Rs.325 crore in the realty division and is very likely to repay it in the current year from the sale and rental proceeds thus emerge debt-free. Besides
this, the company is left with land where it can develop another 3.5 lakh sq.ft. Of the remaining 7.5 lakh, it can easily earn lease rental of Rs.108 crore per year at the rate of Rs.120 per sq. ft. per month if fully utilized.
It also has an existing office from which it has recently leased out around 1 lakh sq. ft., which will fetch a return of another Rs.14 crore per year. Thus when there is a pick-up in the economy, we may see the remaining part of the building leased out in the current year. This is likely to fetch decent returns over the long run on its small capital base of Rs.4.18 crore. The book value of the share is Rs.498 while FY12’s dividend was 50%. Investors may please note that this stock was first recommended in this column at very low level of Rs.85/100 from which Mit shot up to Rs.2200 and profit booking was advised between Rs.1800 to 2200 levels long back. At that point, this building was at the proposal stage which has now become a realty rate if at Rs.680. Investors can accumulate this stock on dips for decent long-term growth.

* Modison Metals’ (Rs.41.45) business is mainly related to the power sector. Since the government has announced restructuring of SEB loans along with an increase in the power tariff, the company will benefit from the same. The company has been consistent performer even during adverse conditions.
* UCAL Fuel Systems (Rs.70.50) engages in the manufacture and sale of carburetors, mechanical fuel pumps, and multipoint fuel injection parts to the auto industry in India. The company's products include 4 wheeler carburetors, fuel pumps, 2-wheeler carburetors, genset carburetors, oil pumps, throttle body assembly, delivery pipe assemblies, air suction valves, fuel filters, electric throttle valves, and machined castings. It sells its products primarily to original equipment manufacturers. The company was incorporated in 1985 and is headquartered in Chennai. It is a 40% dividend paying company, the stock looks good for accumulation around Rs.70 levels and the book value is around Rs.132.
* KCP Ltd. (Rs.34.15) is facing power shortage in the area where it has created new cement capacity and its captive power plant will be ready by next year. Price realization, too, has come down in Andhra Pradesh, which is likely to affect margins. Ban on sand mining in Andhra has also affected cement consumption. Investors can think of switching to Suprajit Engineering (Rs.28.20) or any of the other stocks, recommended.
* There is good improvement in the working of KEI Industries (Rs.16.75) over the last few quarters. Investors who bought this stock at higher levels can average the same at the current price as its downside is limited. The share book value is Rs.33 while the current market price is almost half of it.
* First Leasing (Rs.50), which has strong fundamentals, is a stock that has not participated in the mid-cap rally.
Investors can accumulate this stock at the current price of about Rs.50.
* Tata Global Beverages (Rs.142.80) has moved well, investors are advised to stay invested to review profit booking only above Rs.160 level.
* Cipla Ltd. (Rs.380.60) is another defensive stock where investors can think of SIPing systematic on dips.
* Balaji Amines (Rs.59) has flared up from Rs.42 to Rs.59 level. Investors can think of booking part profit at Rs.60/65 level.
* Rapicut Carbides (Rs.71.30) is firm and there is promoter buying in the stock. Its outlook is good. Stay invested or
accumulate below Rs.68 level on corrections.
* Suprajit Engineering (Rs.28.20) has given a good breakout and the stock may move up to Rs.35 level. Investors can continue to hold the same

STOCKS IN THE NEWS FOR TE WEEK

* Network 18 Media & Investments Rights issue at Rs.30 is a quasi IPO facilitating Mukesh Ambani who has taken a stake in Raghav Behl's Network 18 group.
* Jaguar's bucking the declining trend in the premium car segment comes as a great relief to Tata Motors as Jaguar makes inroads into China.
* Vijay Mallya needs to revisit the sermons of his onetime guru, Sri Sri Ravi Shankar of the Art of Living fame and relearn the art of not only living within his means but also of negotiating with his saviours!
* Buy Idea, RCom and Bharti Airtel as safe bets in the telecom sector as the worst is over for them and the time ripe for making it good.
* Rupee strengthens after recent reforms...Gold too corrects...so does silver making it a perfect bet for ‘teji’ at the market.
* Stock market history indicates that the monthly trend of September... continues in October with nearly the same percentage rise or fall as in September.
* Finally Balaji Amines is in a strong bull grip and its share price is moving up with good volumes. Hold on to your position. Still a long way to go.
* Indag Rubber has shot up too much too fast. Book partial profits and play safe.
* Watch out for Suprajit Engineering. Its share price may cross the Rs.30 mark soon. A good short-term play to gain around 20% in a month’s time.
* JK Lakshmi Cement has been consistently rising over the last few months. At the current market cap of over Rs.1300 crore, it seems reasonably valued. Book profits.

NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR OCTOBER 01 - MONDAY

Nifty closed on a strong positive note at at 5703 level . So today the first resistance for nifty is at 5725-30. Next resistance ranges are at 5746-51,5767-70,5788-92,5806-10,5828-32,5858-62 levels. On downside first support is at 5674-69 level. Next supports are at 5656-52,5617-13,5603-00,5588-83,5564-59,5530-25,5490-86,5460-56,5440-35,5412-08,5383-78,5348-43,5325-20 level.So today intra resistance will be at 5730,5751 and 5770 level and on down side be alert below 5669and avoid longs below 5652. Positional Support for NIFTY 5628 5547 5439 5399 5349 5326 5207 5176 and positional Immediate resistance for NIFTY is 5746.
Intraday Resistance of NIFTY are 5750.5/5789.8/5849.4/5888
Intraday Support of NIFTY are 5656.1/5616.8/5582.3/5544.6/5507.1
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.