Opening Bell
Date 07th Jan 2010 Powered by Bazaaredge.com
Market Outlook
The Indian Market extended this week losses after a government report showed that food inflation jumped further in late December, sparking fears of another rate hike by RBI later in the month. Near Term outlook high inflation, hardening interest rates, tight liquidity and widening current account gap.
Nifty showed selling pressure for third consecutive day. Nifty short term trend is still down. Any bounce back from the current levels may reap indices towards 6200 levels Crucial support at 6000 levels.
Intraday Calls
Buy Bharti cmp 353 stoploss 349 target 358
Buy Jetairways cmp 760 stoploss 718 target 808
Sell Educomp cmp 534 stoploss 555 target 526
View More
Positional Calls
Buy Jaysreetea cmp 182 stoploss 175 target 197
Buy AutoInd cmp 225 stoploss 217 target 236
View More
Technical Fundamental Calls
Max India’s life insurance business– Max New York Life (MNYL)- accounts for ~85% of the company’s revenues and is growing at a steady pace. MNYL’s annual premium equivalent (APE) has grown 10.8% year till date (YTD) compared to a degrowth in the industry of 2.2% for the corresponding period.
Read More
Investment Picks
Kajaria Ceramics is likely to benefit from strong growth in the higher end vitrified tiles segment. Growth in this segment has helped the company leverage its strong brand and distribution network to boost revenues through higher trading. Trading revenues increased by ~75% yoy in H1FY11 (contributed 40% to revenues as against 27% previous year).
Read More
Future & Options Strategy
Buy HCLtech cmp 477 stoploss 474 target 481
Sell Centurytex cmp 423 stoploss 443 target 416
Sell Federalbank cmp 375 stoploss 388 target 370
View More
Follow us on
Disclaimer : This report is for the personal information of the authorized recipient and does not construe to
be any investment, legal or taxation advice to you. BazaarEDGE Advisory Services Pvt Ltd. BazaarEDGE is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. BazaarEDGE or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. BazaarEDGE or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The recipients of this report should rely on their own investigations. BazaarEDGE and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this report.
You received this message because you are subscribed to the weekly newsletter. To unsubscribe send email to unsubscribe@bazaaredge.com