Trading range 29/5/2009

Friday, May 29, 2009

Nifty
Support-4280
Resistance-4400
Sensex
Support-14000
Resistance-14500
Buy on declines.

Results today

Voltas,IOC,Gujarat Alkalies,PVR,IVR Prime Urban Developers,Ginni Filaments,Ramco Ind,HB Stockholdings,BPCL,Madras Cements,IVRCL Infra,Lanco Infratech,Elgi Rubber Company,Sundaram Finance,Colgate Palmolive,Lloyds Steel,Munjal Showa,Temptation Foods,JMC Projects

Trading calls 29/5/2009

IVRCL Infra Buy-304.20 T-309,313,318 SL-296
Sell-294 T-291,285,280 SL-301
RNRL Buy-81.20 T-82.50,84,85.90 SL-77
Unitech Buy-77.50 T-79,81,83 SL-74.90
Welguj Buy-169.10 T-172,175,179 SL-165
Sell-164 T-161,158,154 SL-167

Target achieved 28/5/2009

Idea Buy-T1-81 profit-RS 1.90/sh
JPAssociat sell-T1-184 Profit-2/sh

Trading range 28/5/2009

Thursday, May 28, 2009

Nifty
Support-4200
Resistance-4380
Sensex
Support-13900
Resistance-14500
Highly volatile day due to f&o expiry

Trading calls 28/5/2009

JPASSOCIAT Buy-191.10 T-193.80,196,199 SL-187
Sell-186 T-184,182,180.10 SL-188.90
Idea Buy-79.10 T-81,83,84.90 SL-75.90
Prajind Buy-105.10 T-107,109,111 SL-99.90
Videoind Buy-170 T-172.90,175,179 SL-165

Results today

Nagarjuna Construction,L&T,Tata Power,Bajaj Electricals,Cera,VLS Fin,Karur Vyasa
Bank,Tata Chemicals,V-Guard,CPCL,M&M,Ipca Lab,Treadsdirect,PSL Limited,GTN
Industries,Indian Hume Pipe,Ramkrishna Forgings,Action Construction,PSL Limited,Swaraj
Mazda,Gokaldas Exports,SAIL,Dalmia Cement,Lakshmi Vilas Bank,Hindustan Dorr-Oliver,Cera.

Important results

Cummins India Q4 net profit at Rs 118 cr
Britannia FY09 cons net profit down at Rs 151.4 cr
Mukand Engineers FY09 net profit up 87.79% to Rs 4.00 cr as against Rs 2.13 cr
Godrej Industries FY09 net profit declined 83.38% to Rs 18.08 cr VS 108.81 cr
BHEL Q4 net profit up at Rs 1,347 cr vs Rs 1,110.8 cr.
NIIT Q4 net profit down at Rs 23 cr vs Rs 28 cr on YoY basis.
Brigade Ent Q4 net profit at Rs 15.6 cr
Jindal Steel FY09 cons PAT up at Rs 3,007 cr vs Rs 1,250 cr
GMR Ferro Alloys Q4 net loss at Rs 3.6 cr vs net loss of Rs 12.2 cr
MRPL Q4 net profit up at Rs 607.6 cr
Cairn India Jan-Mar net profit down at Rs 18.7 cr vs Rs 116 cr.

Target achieved 27/5/2009

Relinfra Buy-T3-1165 profit-RS 19/sh
JPAssociat Buy-Profit-6.90/sh
Videoind Buy-T1-169.90 pr-2.35/sh
Happy Stock_for_YOU!

Trading range 27/5/2009

Wednesday, May 27, 2009

Nifty
Support-4020
Resistance-4203
Sensex
Support-13250
Resistance-13810
Buying is expected on all declines.

Trading calls 27/5/2009

JPASSOCIAT Buy-180.50 T-183,186,189.90 SL-178
Sell-176 T-174,171.50,169 SL-180
Relinfra Buy-1131 T-1142,1153,1165 SL-1120
Sell-1110 T-T-1100,1085,1075 SL-1125
Prajind Buy-103.10 T-105,108,110 SL-99.90
Videoind Buy-166.10 T-169.90,173,175.90 SL-162

Results today

MRPL,Bhel,Cairn India,Godrej industries,Emco,Jindal Steel,Panacea Biotec,Mukand
Engineers,Shanthi Gears,Hercules Hoists,Kovai Medical,Garware Wall Ropes,Tamil Nadu
Newsprint and Papers,Rane Brake Lining,Indraprastha Gas,Super Spinning Mills,Jindal
Steel.

Important results

REC Q4 net profit up at Rs 388 cr
Edelweiss Capital Q4 cons net profit at Rs 40.93 cr vs Rs 38.13 cr
Agro Tech Foods FY09 net profit up at Rs 21 cr as against Rs 16.3 cr
NIIT Tech Q4 net profit up at Rs 26 cr vs Rs 17 cr(QoQ).
Subex Azure FY09 cons net loss at Rs 188.4 cr vs net loss of Rs 68.1 cr(YoY)
Tata Comm Q4 net profit up at Rs 302.37 cr
Dishman Pharma FY09 PAT up 22% at Rs 146.19 cr vs Rs 119.71 cr
Karnataka Bank Q4 net profit up 36.7% at 83.14crfrom Rs 60.78 cr
Jet Airways Q4 net profit at Rs 53 cr vs loss of Rs 221 cr
Brigade Enterprises net sales decline 72%
Omnitech FY09 net profit at Rs 33 cr as against Rs 25.6 cr

Results today

Monday, May 25, 2009

Meghmani Organics,Vatsa Corp,Dishman Pharma,Karnataka Bank,Jet Air,Rural Electrification Corp,Omnitech Info,Tourism Finance Corp,IG Petrochem,Indbank Merchant Banking,Rajapalayam Mills,Apcotex Ind

Important results

NTPC Q4 net profit up 57.7% at Rs 2,113 cr vs Rs 1,340 cr(YOY)
Sun Pharma Advanced Research Company FY09 net loss of Rs 9.14 cr vs net loss of Rs 4.88cr(yoy)
HDIL Q4 net profit down 18% at Rs 62 cr vs Rs 75 cr(QoQ)
ITC Q4 net profit up 10% at Rs 808.9 cr as against Rs 736 crore(YoY)
Redington FY09 cons net profit up 17% at Rs 160 cr vs Rs 136 cr
IRB Infra Q4 PAT at Rs 42.23 cr
Federal Bank FY09 cons net profit up at Rs 472 cr vs Rs 360.1 cr
Gammon Infra FY09 PAT up at Rs 13.62 cr as against Rs 4.84 cr

Trading range 25/5/2009

Nifty
Support-4150
Resistance-4350
Sensex
Support-13600
Resistance-14200
Profit taking is expected on all rallies.

Trading calls 25/5/2009

Orbit corp Buy-145.10 T-147.90,152,155.90 SL-142
Sell-141.90 T-139.10,136,131 SL-144.10
Biocon Buy-177.10 T-179.90,182.90,186 SL-171.90
Sell-169.90 T-T-167.20,162,159 SL-172.20
Rolta Buy-115.40 T-117.50,119.90,122 SL-106.90
Prajind Buy-108.60 T-111,113.90,117 SL-104.90
Sell-103.90 T-100.90,98,95 SL-107
Keep strict stop loss ahead of huge volatility due to f&o expiry.

Target achieved 22/5/2009

Punjlloyd Buy-T2-183 profit-RS 6.90/sh
RNRL Buy-Profit-1.30/sh
RIIL Buy-T2-1030 pr-65/sh(pr@high-79/sh)
Rolta Buy-Rolta-T2-115 pr-3.90/sh(pr@high-6.80/sh)
Prajind Buy-T3-105.90 pr-9.80/sh(pr@high-12.35/sh)
Happy Stock_for_YOU!

Market outlook for next week

Sunday, May 24, 2009

Election results and govt formation are the mile stones in Indian share market history.UPA got absolute majority with 322 MP's.As a result we are expecting a stable government.That will help the market to go forwrd.
As I said on previous outlook everybody expected a 15-20 percentage weekly rally in our markets.We achieved the target in the first day.Nifty moved to 4500 levels during second
day's trade.So in my view nifty is very bullish now.After eight hundred point rally nifty
witnessed some profit taking in largecaps and unwinding of positions.But the midcaps and
small caps performed well.There are still huge short positions in the market.I think next
week large caps will perform well,ahead of f&o clossing on 28/05/2009.FII's may continue
buying expecting strong ecconomic reforms from the stable government.Over all nifty is
very bullish.Buying on declines is advised.
Nifty trading range is seen at 4050-4650 for next week.Nifty may get first support at
4150,if that level breaches it may go to 4050 levels.Nifty is week only below 4050.On the
upper side nifty will face some resistance at 4350/4500 levels.Next strong resistance
level for nifty is 4650.Support for the Sensex is 13600 and the resistance levels are 14200/14450/15000/15450.
Buy Infra,realty,telecom and banking stocks on declines.Avoid DLF,Akruti.Buy Satyam only
above 55 with tight stop loss.

Trading range 22/5/2009

Friday, May 22, 2009

Nifty
Support-4150
Resistance-4350
Sensex
Support-13450
Resistance-14400
Profit taking is expected on all rallies.

Trading calls 22/5/2009

Punjlloyd Buy-176.10 T-179.90,183,188 SL-169.90
Sell-169 T-165,161,155 SL-173
RNRL Buy-75.50 T-77.90,79,82 SL-72.50
RIIL Buy-965 T-999,1030,1050 SL-935
Sell-920 T-890,860,825 SL-932
Rolta Buy-110.10 T-112.90,115,118 SL-106.90
Prajind Buy-96.10 T-98.90,102,105.90 SL-91.90

Results today

Cinemax,Edelweiss Capital,ITC,FDC,NTPC,Jenson and Nicholson,Federal Bank,Panasonic
Home,CESC,LG Balakrishnan,Gujarat Fluorochemicals,Sanghvi Movers,Redington,Mafatlal
Fin,Plastiblends India,LGB Forge,Redington.

Important results

Varun Shipping FY09 net profit up at Rs 122.8 cr vs Rs 81.4 cr
MPSEZ standalone Q4 net profit up 66% at Rs 151.19 cr
Bajaj Holdings Q4 cons net profit UP at Rs 86.15 cr vs Rs 79.32 cr(YoY)
MphasiS Q2 net up at Rs 224 cr
Bajaj Auto Q4 cons net profit down at Rs 69 cr against Rs 137.7 cr
Inox Leisure net profit down 7.77% to Rs 24.34 cr vs 26.39 cr(yoy)
Nitin Fire Q4 cons net profit up at Rs 5.5 cr vs Rs 4.8 cr

Target achieved 21/5/2009

Punjlloyd Buy-T1-189 profit-RS 5.50/sh(profit@high-10.5/sh)
Relcapital Buy-T1-875 Profit-24.90/sh(profit@high-38.40/sh)
Happy Stock_for_YOU!

Trading range 21/5/2009

Thursday, May 21, 2009

Nifty
Support-4150
Resistance-4450/4650
Sensex
Support-13750
Resistance-14500/15950
Buy Infra,realty,telecom and banking midcap stocks on all declines

Trading calls 21/5/2009

Punjlloyd Buy-183.50 T-189,195,205 SL-173
Sell-171.90 T-165,155,140 SL-175.10
Prajind Buy-101.55 T-105.90,108,114 SL-91.90
Rel capital Buy-850.10 T-875,895,920 SL-835
Sell-829 T-815,795,775 SL-837
HCC Buy-105.80 T-108.80,112,115 SL-101.80

Important results

Thermax Q4 PAT up at Rs 92.97 cr vs Rs 78.40 cr
Deepak Fert FY09 net profit up at Rs 149 cr vs Rs 100 cr
PNB Q4 net profit up at Rs 865 cr vs Rs 543.7 cr.
Bharat Forge Q4 net profit at Rs 61.13 cr vs Rs 82.8 cr
Mundra Port Q4 net profit at Rs 151 cr
Crompton Greaves Q4 cons net profit at Rs 194 cr
Bajaj Auto Fin Q4 net profit up at Rs 15.06 cr vs Rs 4.5 cr.

Results today

IRB Infra,Bajaj Auto,Gammon Infra,Nitin Fire,Muthoot Capital,Nicco Corp,Lakshmi
Electrical,Transport Corp,INOX Leisure,Kewal Kiran Clothing,Unichem Lab,Bajaj
Holdings,Varun Shipping

Target achieved 20/5/2009

HDIL Buy-T1-300 profit-RS 11/sh
Suzlon Buy-T1-94 Profit-2.50/sh
Prajind Buy-T2-98 profit-7/sh
Adlabs film Buy-T2-320(High-334.10,OurT3-340) Profit@320-26.90/sh
Happy Stock_for_YOU!

Alert

Wednesday, May 20, 2009

Stock_for_YOU_Plus is now available.It is a collection of stock market news(Indian and global markets) and tools,every one needs for trading.Visit us on http://stockforyouplus.blogspot.com/
SMS service is available.To subscribe send ON Stock_for_YOU_Plus to 9870807070.
Happy Stock_for_YOU!

Results today

Mphasis,PNB,Deepak Fert,Crompton Greaves,Bajaj Auto Fin,Maharashtra Scooters,Mundra
Port,Bharat Forge,Bajaj Finserv,Datamatics Global,Adani Enterprises,Bajaj Auto
Fin,Pidilite Industries,Tata Investment Corp,Alkyl Amines Chem,Aarti Drugs,Evinix
Accessories,Hindustan Composites,Lakshmi Machine Works

Important results

IFGL Refractories net profit down 24.73% to Rs 12.69 cr(yoy)
Mid Day Multimedia Q4 net loss at Rs 7.5 cr
Shreyans Ind net profit up 50.37% to Rs 18.12 cr vs 12.05 cr(yoy)
Grasim Q4 net profit down 5% at Rs 569 cr
Essar Oil Q4 net profit at Rs 660 cr vs loss of Rs 1230 cr(QoQ)
Sobha Dev Q4 PAT down 96.15% at Rs 2.7 cr
HT Media Q4 PAT down 43.7% to Rs 23.43 cr VS Rs 41.59 cr
Mercator Lines FY09 net profit at Rs 181.1 cr

Trading range 20/5/2009

Nifty
Support-4150/4000
Resistance-4500/4650
Sensex
Support-13750
Resistance-14500/15950
Buy Infra,realty,telecom and banking stocks on all declines

Trading calls 20/5/2009

HDIL Buy-289 T-300,320,345 SL-274
Sell-265 T-250,235,215 SL-274
Suzlon Buy-91.50 T-94,97,99.90 SL-87
Prajind Buy-91 T-94,98,105 SL-85.90
Adlabs film Buy-293.10 T-305,320,340 SL-282
Sell-274 T-255,240,220 SL-278

Target achieved 19/5/2009

Rel capital Buy-T3-849 profit-RS 90.90/sh
Suzlon Buy-T1-97 Profit-2.50/sh
Prajind Buy-T2-98 profit-8.80/sh

Highest oneday gain for markets

Tuesday, May 19, 2009

Nifty and sensex breached it's highest oneday gain.Nifty clossed at 4323 with 651 points gain and sensex clossed at 14284 with 2110 points gain.Experts are of the view that market may go up another 20/40 percentage from here in two/three months

Results today

Thermax,Grasim,Texmaco,Indian Bank,Chennai Petro,Mirc Electronics,Entertainment net,Mercator Lines,Lotte India Corp,Rane Engine Valve,Indo Rama Synthetics,Mid-Day Multimedia.

Important results

Dr Reddys Labs Q4 cons net loss at Rs 977.2 cr vs net profit of Rs 92 crore (YoY)
Essar Shipping net profit down 55.45% o Rs 107.66 cr vs RS 241.67 cr (yoy)
Dr Reddys Labs Q4 cons net loss at Rs 977.2 cr vs net profit of Rs 92 crore (YoY)

Trading range 19/5/2009

Nifty
Support-4000
Resistance-4400/4650/4780
Sensex
Support-13450
Resistance-14500/15950
Be cautious while trading today.

Trading calls 19/5/2009

Rel capital Buy-758.10 T-775,799,849 SL-729.90 Sell-725 T-703,670,625 SL-733
Suzlon Buy-94.50 T-97,101,106 SL-89.90
Prajind Buy-89.20 T-93,98,105 SL-84.90

Trading range 18/5/2009

Monday, May 18, 2009

Nifty
Support-3650/3600
Resistance- 3800/4150
Sensex
Support-12000
Resistance-12850
Today will be an up day.Buy on declines or above resistance.

Results today

Sobha Dev,Dr Reddys,Essar Oil,Essar Ship,IFGL Refractories,Shreyans Industries,DCW,Cholamandalam DBS Finance,Punj Lloyd,HT Media,Nova Petrochem,Repro India.

Trading calls 18/5/2009

LITL Buy-237.10 T-241,244,249.90 SL-232
Aban Buy-627.10 T-645,660,680 SL-599
Sell-575 T-555,540,515 SL-590
Suzlon Buy-77.80 T-79.90,82,83.50 SL-74.90
JP Associat Buy-142.10 T-144,147,149.80 SL-137
Prajind Buy-78.10 T-79.90,82,84.90 SL-73.50

Market outlook for next week

Sunday, May 17, 2009

Election results are announced.UPA is very near to majority with out third or left front or even SP.I have clearly mentioned in previous analysis that UPA or NDA with out left/third front is good for markets.The verdict is what the markets wanted.So Sensex and nifty are set to rally on monday.Atleast monday Technical or Global clues will not affect
the market.
Nifty trading range is seen at 3650-4300 for next week.Nifty will face some resistance at 3820 levels on monday.A close above that level will make nifty more bullish and it may go up to 3950/4100/4300 kind of levels in this week.A close only below 3500 will make nifty weak.Then nifty may go to 3300 kind of levels.So initiate fresh short positions
only below 3495.Take fresh long positions on nifty above 3830(With stop loss of 3740-for
short term), and target 3945/4090/4290.
Buy Infra,realty,telcom and banking stocks on all declines as they will outperform now.

Important results

Zuari Industries FY09 net profit up at Rs 93.3 cr vs Rs 73.4 cr.
Everest Kanto Cylinder net profit down 21.18% to Rs 37.25 cr vs Rs 47.26 cr(yoy)
Voltamp Transformers Q4 net profit up at Rs 30.2 cr vs Rs 21.6 cr.
Oracle Financial profit up 69.33% to Rs 695.71 cr vs Rs 410.87 cr(yoy)
Ashok Leyland Q4 net profit down at Rs 53.32 cr vs Rs 180.57 cr(YoY).
Bank of Maharashtra Q4 net profit up at Rs 137.33 cr vs Rs 55.99 cr.
Geojit Financial Q4 net loss of Rs 10.76 cr vs Rs 57.7 cr(YoY).
ICI India net profit up at RS 294 cr vs 60.2 cr(yoy).
Chambal Fert FY09 net profit at Rs 224cr vs Rs 236 cr.
Hitachi home and life profit down 50.13% at 21 cr vs 42.25 cr(yoy)

Target achieved 15/5/2009

Jet airways-Buy-T3-218 profit-14.90/sh
ICICI bank-Buy-T3-560 profit-20.50/sh
Bajaj auto Buy-T1-803 profit-2/sh
JP Associat Buy-T1-141 Profit-2.30/sh
Happy stock_for_YOU!

Trading range 15/5/2009

Friday, May 15, 2009

Nifty support-3510/3550
Resistance-3750/3800
Sensex support-11500
Resistance-12275/12550
Buy on declines with stop loss.
Advise-Close all f&o positions at the end of today's trading session.

Trading calls 15/5/2009

ICICI Bank Buy-539.50 T-543,550,560 SL-529.90 Sell-529.5 T-525,515,507 SL-535
Jetairways Buy-203.10 T-207,212,218 SL-199
Bajaj auto Buy-798 T-803,815,830 SL-789.80 Sell-779 T-764,751,732. SL-790
JPAssociat Buy-137.50 T-141,145,149 SL-132
Always Buy above buy price and sell below sell price.Keep strict stop loss in every trade.After achieving first target book 33-50% profit.Then move stoploss to entry price.Then go for second target.Book some profit.Move stoploss to second target price and so on.Happy Stock_for_YOU!

Results on 15/5/2009

Chambal Fert,Ashok Leyland,ICRA,Bharat Bijlee,Blue Star,Jyoti Structures,Tata Coffee,Zuari Industries,Everest Kanto,Torrent Pharma,Titagarh Wagons,JIK Industries,BPL,Abhishek Ind,Revathi Equipment,Usha Martin Info,Hitachi Home and Life Solution,Oracle Financial,Northgate Tech,ICI India,Titagarh Wagons

Important results

Balaji Telefilms Q4 net loss at Rs 14.6 c vs net profit of Rs 23.85 cr
MRO-TEK Q4 net profit down at Rs 2.4 cr VS Rs 5.4 cr, YoY
Hindustan Motors Q4 net loss at Rs 25.3 cr vs net profit of Rs 10.9 cr
Dolphin Offshore Q4 net profit up 15% at Rs 13.5 cr

Target achieved 14/5/2009

HDIL-Sell-T2-172 profit-3/sh
ICICI bank-Sell-T2-525 profit-15/sh

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Thursday, May 14, 2009

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Trading range 14/5/2009

Nifty support-3570/3510
Resistance-3720/3750
Buy on declines and sell on rallies(for today).

Trading calls 14/5/2009

HDIL Buy-183.50 T-185.90,189,192.50 SL-180 Sell-178.90 T-176,172,168 SL-183
Suzlon Buy-78.20 T-80,82,85 SL-74.90
DLF sell-225 T-212,201,192 SL-229
ICICI Bank Buy-558.10 T-564,575,585 SL-550.90 Sell-547 T-541,525,510 SL-556
Jetairways Buy-211.10 T-214.90,218,222,228. SL-201
Markets will be volatile today.Keep strict stop loss on every trade.Unwind all positions after noon and wait for next week.

Results on 14/5/2009

Gandhi Special Tubes,Bank of Maharashtra,JK Paper,Tilaknagar Industries,Hinduja Foundries,MRO-TEK,Oriental Hotels,Transwarranty Fin,Dolphin Offshore,Agro Tech Foods,Voltamp Transformers,JK Paper.

Important results

Asian Paints Q4 cons net profit up 7% at Rs 101.14 cr vs Rs 94.52 crore.
JB Chemicals Q4 net profit up 19% at Rs 12 cr
Lupin Q4 net profit up 63% at Rs 156 cr vs Rs 96 crore, YoY

Target achieved 13/5/2009

Jindalsaw-Buy-T1-330 profit-13.90/sh
ICICI bank-T2-574 profit-6/sh
BANKINDIA-T1-243.50 Profit-1.50/sh

Results on 13/5/2009

Wednesday, May 13, 2009

JK Lakshmi Cement,Shriram Transport Finance,Geojit,Balaji Tele,Lupin,Hindustan Motor,Modern India,Hinduja Global,Deepak Nitrite.

Trading range 13/5/2009

Nifty
Support-3650/3600
Resistance-3730/3800.
Sensex
Support-12000
Resistance-12275/12550.
Buying on declines with stop loss is advised.

Trading calls 13/5/2009

1. Jindal saw Buy-316.10 T-330,345,359 SL-301 Sell-299.90 T-285,270,250 SL-304
2. 3iinfotech buy-62.30 T-64.30,66,68 sl-58
3. ICICIBANK buy-562.20 T-569,574,584 SL-554.90 Sell-545 T-538,530,520 SL-551
4. Bankindia Buy-241.50 T-243.50,246,248.90 SL-236.90 Sell-235.90 T-233,230,228 SL-238.50

Important results

TTML Q4 net loss at Rs 42.67 cr vs Rs 45.1 crore, QoQ.
Motilal Oswal Q4 net profit down 25% at Rs 15 cr.
Usha Martin Q4 net profit down at Rs 29 cr vs Rs 50 cr
Kotak Mahindra Bank Q4 net profit down at Rs 210.7 cr vs Rs 240 cr.

Target achieved 12/5/2009

Tuesday, May 12, 2009

HDIL Sell-T1-162.10(profit-1.90/share)
Buy-T3-182(profit-10.70/share)
DLF Sell-T1-222.50(profit-2.50/sh)
Suzlon Sell-T1-72.10(profit-1.90/sh)
Buy-T2-79.90(HIGH 82.20-OUR T3-82.50)(profit@79.90-3.80/sh)
Bajaj hind Sell-T1-105.50(profit-2.40/sh)
Enjoy!Happy Stock_for_YOU!

Trading calls 12/5/2009

1. HDIL Buy-171.30 T-174,177.50,182 SL-168.90 Sell-165.80 T-162.10,159.50,157.10 SL-170.10
2. DLF Sell-225 T-222.50,219,216 sl-232
3. Suzlon Buy-76.10 T-77.90,79.90,82.50 SL-74.90 Sell-74 T-72.10,70.10,67 SL-75.90
4. Bajaj Hind Buy-111.10 T-113.50,117,121 SL-108 Sell-107.90 T-105.50,102,98 SL-109.50

Nifty trading range 12/5/2009

Support-3503/3470
Resistance-3595/3648.
Buy on declines is advised.

Results on 12/5/09

MRPL,Kotak Mahindra Bank,JB Chemicals,Usha Martin,Blue Star Infotech,Asian Paints,TCI Finance,SIL Investments,HB Portfolio,Hinduja Ventures,Aeonian Investments.

Dow's biggest sell off in three weeks

Due to heavy profit taking Dowjones lost 156 points(1.82%), Nasdaq lost 8 points(.5%) and S&P lost20 points(2.1%).Today's(Monday night on US) Ben bernanke's speech on stress test is very important for the market.

Important results

Sintex Q4 PAT up 20% at Rs 114.03 cr.
HUL Jan-Mar qtr net profit up at Rs 394.99 cr versus Rs 380.9 cr.
Pratibha Industries Q4 PAT up at Rs 12.14 cr versus Rs 10.32 cr.

Target achieved 11/5/2009

Monday, May 11, 2009

Rel capital Sell-T2-545(profit-25/share)
Bajaj hind Buy-T2-112.90 profit-3.80/sh
Punj lloyd sell-T2-121 profit-4.80/sh
Aban Buy-T1-472(high 476.95,our second target was 477)profit-8/share@472!

Results 11/5/2009

Cranex,Motilal Oswal Financial,Mahindra Forgings,Dewan Housing,TIL,Birla Ericsson Optical,Universal Cables,Indian Metals,Apcotex Industries,Tata Tele,Electrosteel Cast,Vindhya Telelinks,Century Extrusions,Visaka Industries,Century Extrusions,Tinplate Company of India,Bengal Tea Board,HB Estate Developers.

Nifty trading range 11/5/2009

support-3580/3520
Resistance-3680/3740
Buy on dips with stop loss.Be cautious while trading.

Trading calls 11/5/2009

1. Rel capital Buy-582 T-595,615,635 SL-575 Sell-570 T-560,545,522 SL-582
2. Bajaj hind Buy-109.10 T-110.60,112.90,115 SL-104.90 Sell-101.90 T-98,95,92 SL-107.90
3. Jet airways Buy-223.90 T-225.90,227.90,231.90,233.90.SL-217.90
4. Punj lloyd Buy-127.20 T-129.90,132.90,134.90 SL-125.9 Sell-125.80 T-123.50,121,118.50 SL-127
5. Aban Buy-464 T-472,477,483 SL-455

Market outlook for next week

Sunday, May 10, 2009

Markets started the previous week with a rally.Nifty was able to cross 3720, which made nifty more strong.On the other hand last three days of the week witnessed volatility.Now the trading range of the nifty is 3500-3750.A close above or below this level will determine the direction of nifty.If nifty crosses 3750,and sustains above 3500 then it will go to 3800/3950/4100 level.A close below 3500 will make nifty week.Then it may go to 3400/3300 levels.
Sensex lost the support of 12000 in previous trading session.But still there is a possibility to cross this level in next day.Then the next resistance for sensex is 12550/12850.Now sensex has a target of 13000/13500.
Election results are coming on next saturday.There are five trading sessions left before results.So the markets will become more and more volatile in these days.How ever there is lot of money in hands of institutions to invest in share markets.So buying occure on all declines.So I advise traders to buy on declines,rather than sell on rallies.Short is not a better option now.
Go long on nifty near 3610 with a stop loss of 3580(short term).Buy stocks like JP Associates,Punjlloyd,Unitech and bajaj hind on all declines.For your queries email prasanthobm@gmail.com.

Important results

SBI Q4 net profit up 45.6% at Rs 2,742cr vs Rs 1,883 cr(yoy).
Peninsula Land Q4 net profit up 45.35% at Rs 35.96 cr from Rs 24.74 cr(YoY)
GE Shipping Q4 net profit down at Rs 250 cr versus Rs 299 cr.
UCO Bank Q4 net profit up at Rs 102 cr vs Rs 85 crore.
Andhra Bank Q4 net profit up at Rs 201 cr.FY09 net profit was at Rs 646 cr.
Novartis India Q4 net profit down at Rs 20.71 cr vs Rs 21.53 cr(YoY).

Target achieved 8/5/2009

IVRCL Infra Buy-T1-181 Profit-RS 2.25/sh
Sell-T2-168 Profit-RS 5.90/sh
BRFL Buy-T1-174.50 Profit-RS 1.50/sh
JSW steel Buy-T1-445 profit-RS 10/sh
Sell-T1-400 profit-RS 12/sh

Trading range 8/5/2009

Friday, May 8, 2009

Nifty
Support-3600
Resistance-3750/3820
Sensex
Support-12000
Resistance-12550/12850
Buy on declines.

Trading calls 8/5/2009

IVRCL Infra Buy-178.75 T-181,183.50,186.50 SL-174.90
Sell-173.90 T-171.50,168,165 SL-176.20
BRFL Buy-173 T-174.50,176,177.50 SL-170.90
JSW Steel Buy-431.50 T-445,458,475,485 SL-416.
Sell-412 T-400,385,360 SL-422.
Suzlon Buy-78.10 T-79.90,82,84.50 SL-74.40

Short term picks

JP Associates Buy above 132, Target-149/165 SL-129.
Jet airways Buy above 214, Target-235/250 SL-199.
Videoind Buy above 112, Target-125/135 SL-99
Punjlloyd Buy above 122, Target-135/145 SL-109
Prajind Buy above 73, Target-80/85 SL-69.
Sell DLF on rallies.Buy JSW steel, Bajaj hind, Balrampur chini, suzlon on declines.

Target achieved 7/5/2009

Suzlon Buy-T1-77.90 profit-2.80/share
Siemens Buy-T1-342 profit-5.50/share

Results today 8/5/2009

Venkys (India),Gujarat Lease Financing,MM Forgings,Novartis,UCO Bank,Simplex Realty,Alembic,Infomedia India,GE Shipping,Batliboi Landmark Property Development Company,ABC Bearings,Peninsula Land,Camlin,TANFAC Industries,Bharat Bhushan,Andhra Bank

Important results

JSW Steel Q4 net profit down at Rs 49.2 cr versus Rs 370.2 cr
Union Bank Q4 net profit down at Rs 465 cr versus Rs 521.13 cr.
JP Hydro Q4 net loss of Rs 25.5 cr versus profit of Rs 28.9 cr.
Selan Exploration Q4 net loss at Rs 3.4 cr as against profit of Rs 2.7 cr in Q4FY08.

Results today 7/5/2009

Thursday, May 7, 2009

Birla corp, Union bank, JP hydro, Snowcem india, JSW steel, Vardhman textiles, Tamilnadu petro products, Tata metaliks.

Important results

1. Gujarat Sidhee Cements Q2 net profit down at Rs 18 cr from Rs 24.2 crore.
2. Swaraj Engines Q4 net profit up at Rs 5.7 cr versus Rs 4.3 cr.
3. Zandu Pharma Q4 net profit up at Rs 8 cr as against Rs 1.1 crore, Yoy
4. Kanoria Chemical Q4 net profit up at Rs 7.6 cr versus Rs 3 cr, YoY.
5. Blue Bird Q4 net profit at Rs 4.5 cr versus net loss of Rs 1.83 crore, QoQ.
6. Mukta Arts Q4 net loss at Rs 1.8 cr against net profit Rs 5.9 crore, YoY.
7. OnMobile Global Q4 cons net profit down at Rs 24 cr from Rs 27.6 crore, QoQ.
8. Dhanus Tech Q3 net profit down at Rs 1 cr from Rs 4.2 crore, QoQ.
9. RSWM Q4 net profit at Rs 84 lakh versus net loss of Rs 8 cr.

Markets today 7/5/2009

Nifty
Support-3600
Resistance-3730/3800
Sensex
Support-11650
Res-12550/12850.
Buy at lower levels with stop loss.

Trading calls 7/5/2009

1.Suzlon Buy-75.10 T-77.90.79.90,82 SL-71.20
2.ICICI Bank Buy-554 T-562,570,585 SL-545
Sell-533 T-526,520,512 SL-549
3.INGVysyabk Buy-152.50 T-154.90,157,159.90 SL-149.50
Sell-149 T-146.50,144,139 SL-150.50
4.Siemens Buy-336.50 T-342,345,348 SL-331.50

Wall street gained;bank shares up

Dowjones gained 102 points (1.2%), Nasdaq 5 points(0.3%), and S&P 16 points(1.7%).
Bank shares rallied due to investors digest early report on stress test that banks are well capitalized than expectations(stress test result is coming thursday).The number of job cuts decreased on April,which also helped markets to gain.

Target achieved 6/5/2009

Rel capital Buy T1-620 profit-13/share
Sell T1-580 pr-7/share
HDIL sell T2-160 profit-6/share
Unitech sell T1-1.20/share

Trading calls 6/5/2009

Wednesday, May 6, 2009

1. Rel capital Buy-607 T-620,635,645 SL-592
2. Rel capital Sell-587 T-580,570,555 SL-596
3. HDIL Buy-173.5 T-177,180,185 SL-166
4. HDIL Sell-166 T-163,160,155,150 SL-168.50
5. ITC Buy-200.10 T-202,203.50,205 SL-197.40
6. Unitech Buy-54.90 T-56,58,59.80 SL-52.80
7. Unitech Sell-52.20 T-51,49,47.90 SL-53.10

Markets today

Nifty
Support-3600
Resistance- 3730/3810
Sensex
Support-12000
Resistance-12550/12850.
Buying on declines with stop loss is advised.

Results today

GIC Housing finance, Wallstreet, ASM Technology, Manali petrochemical, Tayo rolls, Selan exploration technology.

Important results

Tuesday, May 5, 2009

1. Century Enka Q4 net profit at Rs 11.7 cr. Operating profit up at Rs 32.5 cr versus Rs 19.3 cr.
2. XL Telecom & Energy Q3 net loss at Rs 10.45 cr versus net profit of Rs 14.14 cr, YoY.
3. Malu Paper Q3 net loss at Rs 2.9 cr versus net loss of Rs 2 cr on QoQ basis.
4. Pioneer Embroiders Q2 net loss at Rs 6 cr versus net loss of Rs 4.6 cr.
5. IndusInd Bank Q4 net profit up 249% at Rs 50.5 cr against Rs 14.45 cr, YoY.
6. Suraj Diamonds Q4 net profit down at Rs 6.35 cr versus Rs 20.85 cr.

Target achieved

HDIL Buy-T3-165.50(175.90 High) profit-7.60/share.
ICICI Bank Buy- T3-549(574-high) profit-13.50/share.
HDFC Sell-T4-1720(Low-1520) profit-170/share.
Unitech Buy-T2-54.90(55 high) profit-4.40/share.
Happy stock for you!

Nasdaq at six month high

US markets surges on better than expected pending home sale report.Nasdaq at six month high,S&p and Dowjones at four month high.Upgrades of Research In Motion and Intel boost techs.Warren Buffett dismisses bank stress tests.He declared no big bank will now fail.So analysts are expecting another rally.

Trading calls 5/5/2009

Monday, May 4, 2009

1. JP Associat Buy-151 T-154,157,160 SL-145.90
2. HDIL Buy-157.9 T-161.50,163.50,165.50 SL-155
3. HDIL Sell-154.90 T-152,150,147 SL-157
4. ICICI BANK Buy-535.50 T-538,541,545,549 SL-529
5. HDFC BUY-1971 T-2020,2040,2080,2110 SL-1899.90
6. HDFC SELL-1890 T-1850,1820,1780,1720 SL-1905
7. Unitech Buy-50.50 T-52,54.90,57 SL-47.90

Important results

1. Allahabad Bank Q4 net profit up 55.7% at Rs 264 cr from Rs 169.51 cr, YoY.
2. IOB Q4 net profit up to Rs 322.37 cr from Rs 305.95 cr, YoY.
3. HDFC Q4 net profit down 4.56% to Rs 733 cr from Rs 768 cr, YoY.
4. Ingersoll Rand Q4 net profit down at Rs 13.25 cr versus Rs 22.88 cr.
5. Century Textiles FY09 net profit down at Rs 236 cr from Rs 279 cr.
6. Gujarat Gas Q1 net profit down at Rs 36 cr from Rs 44.9 cr, YoY.
7. NDTV Q4 cons net loss at Rs 143.47 cr. Q4 Net sales were at Rs 123.30 cr.
8. Core Projects Q4 standalone net profit was at Rs 24.37cr versus Rs 16.51 cr, QoQ.
9. Puravankara Q4 cons net profit down at Rs 14.58 cr from Rs 72.71 crore, YoY.
10. Godrej Consumer Q4 cons net profit up at Rs 59.36 cr from Rs 40.82 cr, YoY.
11. CESC Q4 net profit at Rs 94 cr.Q4 revenue at Rs 741 crore versus Rs 638 cr.

Short term stock picks

Buy JP Associates near 140 Target-164 SL-135
Buy Welguj above 100 Target-120 SL-89 (For traders stop loss is 96.90)
Buy Unitech on dips Target-60 SL-37
Avoid RIIL, Akruti and Satyam.

Nifty trading range 4/5/2009

Support-3400/3340
Resistance-3520/3560
Below support= weak
Above resistance= strong
Buying near support levels with stop loss is advised.

Trading calls 4/5/2009

JP Associat Buy-140.50 T-142.40,144,145.90 SL-136.90
RIIL Buy-729 T-745,760,780,799 SL-721
Sell-713 T-695,680,666,652 SL-727
LIC HSG FIN Buy-367.20 T-369.50,372,375.50,378 SL-361.90
Bata Buy-126.35 T-128.90,131.90,134.50 SL-123.30

Important results

Sunday, May 3, 2009

1. Tanla Solutions Q4FY09 results, net profit down 41.74% from Rs 49.99 cr to Rs 29.12 cr, YoY.
2. Onmobile FY09 Q4 results. Net profit up at Rs 24.03 cr versus Rs 4.5 cr.
3. Bhushan Steel Q4 results.Standalone net profit down at Rs 116.40 cr versus Rs 135.00 cr, YoY.
4. PTC fourth quarter results standalone net sales were down at Rs 1,177.68 cr versus Rs 2,116.84 cr, QoQ.
5. Great Offshore has Q4 results.Standalone net sales were at Rs 257.31 cr.
6. DLF Q4 results. Net sales were down 74% at Rs 1,122.3 cr versus Rs 4,306.5 cr year on year (YoY) while its consolidated net profit fell 93% to Rs 159 cr as against Rs 2,176.8 cr YoY
7. Siemens India has announced its Q2 results.Q2 Standalone net sales were up at Rs 2,308.17 cr versus Rs 2,142.42 cr.
8. Aurobindo Pharma Q4 results.Standalone net sales were up at Rs 769.98 cr versus Rs 632.40 cr.
9. Amtek Auto has announced Q3 results.Standalone net profit went down at Rs 22.53 cr versus Rs 59.65 cr (YoY).
10. Reliance Communications Q4FY09 results.Net profit went up 3.12% at Rs 1,454.3 cr from Rs 1,410.3 cr (QoQ).
11. ABB first quarter results. Its standalone net profit went down at Rs 78.36 crore versus Rs 117.69 crore (YoY).
12. Educomp Solutions Q4 results. Its standalone net profit up at Rs 54.52 crore from Rs 31.47 crore (YoY)
13. Reliance Capital fourth quarter and FY09 results. The company's Q4 net profit was down at Rs 311.6 crore versus Rs 365.5 crore.
14. Titan Industries announced its FY09 results. Its net profit was Rs 163.92 crore and net sales was RS 3833.55 crore.
15. Info Edge FY09 results. Net sales were up at Rs 245.17 cr versus Rs 218.94cr, YoY.

Market Outlook (4/5/09 to 8/5/09)

Previous week as we mentioned on market outlook nifty rallied 15% and closed at 3474, above it's 200 dma level successfully.But till now it never re-tested 3550 levels.It is the first resistance level for nifty now.I also mentioned in the previous market outlook that there are a lot of obstacles for global markets(See Tough week ahead for wallstreet) to cross for the next week.If global markets successfully overcome the obstacles nifty will be able to move up another 10% from here.
As the last two days were holidays for nifty and sensex and the global markets rallied,it is expected nifty to open positive.It is expected that nifty will trade between 3350 and 3560 in next afew trading sessions.If it closes above 3560, then the next target is 3650 and 3720.Support for nifty is at 3350 levels.The medium term target for nifty is 3000-3800.
Buy strong stocks like JP Associates,HDIL,LIC HSG FIN,Suzlon on any dips.Sell DLF, Alkali metals,Tata steel on rallies.

Target achieved 29/4/2009

Saturday, May 2, 2009

BRFL Buy T2-174.80
JP Associat Buy T3-137.50
LIC HSG FIN Buy T4-348
More posts will be given tomorrow.
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