Opening
Date 11th Jan 2010 Powered by Bazaaredge.com
Market Outlook
Panic seems to have gripped D-Street early in the New Year with key Indian stock indices failing to rise in a single day so far in 2011. Inflation clearly is the biggest danger right now, triggering the fear of further rate hikes by the RBI. Slowdown in overseas inflows, coupled with government inability to address some key concerns on governance. Inflation and scams have made short term outlook very uncertain.
Nifty short term trend is still down. Nifty has important support 5750-5690 range.
Intraday Calls
Sell SIntex cmp 165 stoploss 175 target 160
Sell Hindpetro cmp 380 stoploss 387 target 375
Sell Ranbaxy cmp 566 stoploss 586 target 555
Positional Calls
Buy ATFL cmp 374 stoploss 367 target 381
Buy Repro cmp 112 stoploss 109 target 120
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.
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).
Future & Options Strategy
Sell Nifty cmp 5766 stoploss 5800 target 5700
Sell Techm cmp 692 stoploss 708 target 676
You received this message because you are subscribed to the weekly newsletter. To unsubscribe send email to unsubscribe@bazaaredge.com
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.
No comments:
Post a Comment