Opening
Date 06th Jan 2010 Powered by Bazaaredge.com
Market Outlook
On the lower side Nifty is likely to face strong support in the range of 6050-6080. Nifty is trading in band of 6180 and 6120 since last two days. The breach on either side will decide the short term trend.
The decline was led by Banking, Auto, Realty and Capital Goods stocks over fears Reserve Bank might raise interest rates to curb rising inflation.
Intraday Calls
Buy Jindalpoly cmp 553 stoploss 535 target 584
Buy Elderpharma cmp 382 stoploss 376 target 394
Buy Panacebio cmp 207 stoploss 200 target 220
Positional Calls
Buy Camlin cmp 49 stoploss 45 target 52
Buy Eidparry cmp 280 stoploss 275 target 287
Buy Kirloseng cmp 230 stoploss 219 target 236
Technical Fundamental Calls
IDFC reported strong operating numbers with consolidated PAT of Rs 339 crs growing 16% y-o-y and flat q-o-q. Approvals and disbursement were up 2.3x and 2.5x y-o-y respectively,
Investment Picks
Solar Industries, a solar group company was incorporated on February 24, 1995. It is one of the largest Indian Explosive manufacturing company .The name of Solar Explosives Limited got changed to Solar Industries India Limited. The Solar Group has a licensed & installed capacity of 175, 000 MT of Explosives, 140 million Detonators & 20 million meters of Detonating fuse. Net Sales and PAT of the company are expected to grow at a CAGR of 13% and 22% over 2009 to 2012E respectively.
Future & Options Strategy
Sell Nifty cmp 6151 stoploss 6180 target 6100
Sell BGREnergy cmp 711 stoploss 742 target 701
Buy Adanient cmp 652 stoploss 642 target 669
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
No comments:
Post a Comment