Sensex

Thursday, September 20, 2007

$$ DreamGains !! $$ FW: PowerYourTrade Trading Calls

 

 

From: mailer9-bounces@mailman3.moneycontrol.com [mailto:mailer9-bounces@mailman3.moneycontrol.com] On Behalf Of PowerYourTrade
Sent: 21 September 2007 07:55
To: alerts@poweryourtrade.com
Subject: PowerYourTrade Trading Calls

 

Trading Calls for 21th September 2007

Ashwani Gujral

Buy IDFC with a stop loss of Rs 130 for target of Rs 165.

Buy IDFC with a stop loss of Rs 130 for target of Rs 165.

Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Buy Unitech with a stop loss of Rs 295 for target of Rs 400.

Buy Unitech with a stop loss of Rs 295 for target of Rs 400.

Disclosure: Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

 

 

Rajat K Bose

Sell NIIT Technologies with a stop loss above Rs 351.10 for targets of Rs 332 and Rs 327. This is a day trading recommendation.

Sell NIIT Technologies with a stop loss above Rs 351.10 for targets of Rs 332 and Rs 327. This is a day trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

·  All prices relate to the NSE, unless otherwise mentioned.

·  Calls are based on the previous trading day's price activity.

·  The call is valid for the next trading session only unless otherwise mentioned.

·  Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

·  Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

Buy L&T with stoploss below Rs 2657 for targets of Rs 2695 and 2710. This is a day trading recommendation.

Buy L&T with stoploss below Rs 2657 for targets of Rs 2695 and 2710. This is a day trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

·  All prices relate to the NSE, unless otherwise mentioned.

·  Calls are based on the previous trading day's price activity.

·  The call is valid for the next trading session only unless otherwise mentioned.

·  Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

·  Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

 

 

E Mathew

Buy Cairn India with a stop loss of Rs 166 for a short-term (3 Months) target of Rs 200.

Buy Cairn India with a stop loss of Rs 166 for a short-term (3 Months) target of Rs 200.

Disclaimer: - I, my family members and my group companies do not have any position what so ever in CAIRN INDIA LTD. This stock has been recommended to our clients and they may be holding long or short positions in this stock. Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities. However, prices can move up as well as down due to number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility for any investment decision or trading decision taken by readers and clients on the basis of information contained herein.

Short Term Target Means – Approximately 3 Months.

Medium Term Target Means – Anything between 7 – 9 Months.

Long Term Target Means – Anything above 1 Year.

Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk - reward ratio vis-a-vis the stop loss is favourable for taking a position.

Buy Wanbury with a stop loss of Rs 118 for a short-term (3 Months) target of Rs 185.

Buy Wanbury with a stop loss of Rs 118 for a short-term (3 Months) target of Rs 185.

Disclaimer: - My associate companies and my clients hold trading positions in WANBURY LTD. Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading opportunities and it does that to the best of its abilities. However, prices can move up as well as down due to number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility for any investment decision or trading decision taken by readers and clients on the basis of information contained herein.

Short Term Target Means – Approximately 3 Months.

Medium Term Target Means – Anything between 7 – 9 Months.

Long Term Target Means – Anything above 1 Year.

Please follow stop losses very strictly and do not take positions where one is uncomfortable with the stop loss level. Above all Buy or Sell the stock only when the risk - reward ratio vis-a-vis the stop loss is favourable for taking a position.

 

 

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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated September 20, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 September 2007 15:15
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 20, 2007

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

September 20, 2007

 

Index Performance

Index

Sensex

Nifty

Open

16,341.55

4,734.85

High

16,415.88

4,760.85

Low

16,261.36

4,721.15

Today's Cls

16,347.95

4,747.55

Prev Cls

16,322.75

4,732.55

Change

25.20

15.00

% Change

0.15

0.32

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Indus Ind Bank

77.80

8.66

IVR Prime

414.30

6.78

Sun TV

353.40

6.00

Mangalore Refineries

51.50

5.42

Tata Chemicals

281.90

5.42

Losers

Lanco Infra

339.40

-8.28

Engineers India

598.90

-4.37

Tamilnadu Newsprint

103.75

-3.76

Ispat Inds

22.20

-3.69

Indian Bank

158.75

-3.50

Market Statistics

-

BSE

NSE

Advances

1,212

463

Declines

1,589

665

Unchanged

54

32

Volume(Nos)

48.25cr

64.60cr

 Market Commentary 

Realty stocks rally in a volatile market

While most of the frontline stocks saw modest gains, realty stocks held on to their gains and ended firm.

The mood was extremely bullish in the first hour of the trading session as the Sensex recorded a new high of 16,416 on continued optimism regarding foreign   

 

investment inflows. However, IT companies suffered a setback on the rising rupee, as the rupee breached its nine-year high of 39.90 against US dollar. Despite registering new high, the market exhibited weak trend as the trading progressed. A negative open in European markets saw the Sensex touch the day's low of 16,261 by the afternoon. Exhibiting sharp volatility thereafter, the Sensex recovered on sustained buying in capital goods and metal stocks. Although action in the frontline stocks was subdued, realty stocks stole the show as the BSE Realty index rose over 6% on the back of solid gains in Unitech, Indiabulls Realestate and DLF, which appreciated by more than 4-12% each. The Sensex finally ended the session marginally above its previous close at 16,348, up 25 points, while the Nifty gained15 points to close at 4,748.

Among the sectoral indices, the Realty index led the upsurge with gains of 6.85% at 9,044 followed by the BSE CG index (up 1.98% at 14,392), the BSE Metal index (up 1.41% at 12,723) and the BSE FMCG (up 1.16% at 2,166). However, the BSE IT index slipped 2.24%. The market breadth was negative. Of the 2,855 stocks traded on the BSE, 1,584 stocks declined 1,214 stocks advanced and 57 stocks ended unchanged.

Movers & Shakers

  • Virinchi Technologies tumbled despite opening a third software development centre in Hyderabad.
  • Bhagyanagar India gained marginally on receiving an order worth Rs35 crore from BSNL.


Out of the 30 Sensex stocks, 12 managed to end in the green while 18 stocks ended with losses. Reliance Energy was the leading gainer and soared 4.40% at Rs988. M&M jumped 3.93% at Rs770, ITC shot up by 3.77% at Rs194, L&T advanced 2.87% at Rs2,746, Hindalco moved up by 1.66% at Rs162, Grasim added 1.56% at Rs3,380 and Tata Motors gained 1.36% at Rs732. Among the laggards Wipro dropped 3.27% at Rs434, Infosys shed 2.89% at Rs1,799, TCS declined by 2.12% at Rs1,001, Satyam fell 1.91% at Rs421 and Maruti Udyog slipped 1.71 at Rs910. 

Over 2.90 crore Magnum Ventures shares changed hands on the BSE followed by Reliance Natural Resources (2.48 crore shares), IKF Technologies (1.90 crore shares), Tata Teleservices (1.29 crore shares) and Ispat Industries (1.12 crore shares).

DLF registered a turnover of Rs372 crore on the BSE followed by Wipro (Rs230 crore), Magnum Ventures (Rs161 crore), Indiabulls Realestate (Rs137 crore) and Reliance Natural Resources (Rs136 crore).

European Indices at 16:15 IST on 20-09-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6407.00

-53.00

-0.82

CAC 40 Index

5674.27

-56.55

-0.99

DAX Index

7711.08

-39.76

-0.51

Asian Indices at close on 20-09-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16413.79

32.25

0.20

Hang Seng

25701.13

146.49

0.57

Kospi Index

1908.97

6.32

0.33

Straits Times

3552.46

-41.90

-1.17

Jakarta Composite Index

2304.63

-8.71

-0.38

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$$ DreamGains !! $$ FW: Jindal Saw: Sharekhan Stock Idea dated September 20, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 20 September 2007 13:07
To: The Sharekhan Research Team
Subject: Jindal Saw: Sharekhan Stock Idea dated September 20, 2007

 

 

Stock Idea
[September 20, 2007] Please see the attachment for details

Sharekhan
www.sharekhan.com

Summary of Contents

STOCK IDEA

Jindal Saw
Cluster: Emerging Star
Recommendation: Buy
Price target: Rs830
Current market price: Rs635

Opportunities in the pipeline

Key points 

  • De-risked business model: Jindal Saw Ltd (JSL), the largest pipe manufacturer in the country, is expected to make the most of a huge opportunity in the pipe sector due a global surge in E&P activities and a strong domestic demand. JSL is present in almost all pipe segments, which makes it a de-risked and strong play on the booming Indian pipe sector.
  • Strong order book: It enjoys a strong order book of $700 million, ie almost 1.1x its FY2006 sales from Indian operations. Executable by May 2008 this strong order book and the buoyancy in the pipe industry provide good visibility to its future earnings.
  • Margin expansion: We expect a sharp improvement in the margins of JSL going forward due to the sell-off of its US business (which was less profitable), better product mix in favour of seamless and ductile iron pipes, and greater operating efficiencies. The OPM of the company is expected to improve from 10.6% in FY2006 to 15.2% in FY2009.
  • US sell-off positive: We regard the sell-off of the US operations as a positive for the company, since its lower margin was dragging the company's overall profitability. Moreover, JSL has been able to get a good price from the stake sale and the transaction would lead to a post-tax inflow of $275 million. The company would utilise part of this to repay some amount of debt and expand its capacity.
  • Attractive valuations: Considering its strong growth potential, strong improvement in its margin and the buoyancy in the pipe segment, we believe the stock is trading at very attractive valuations. We expect the profits of the company to grow at a CAGR of 40% over FY2006-09. At the current market price of Rs635, the stock is discounting its FY2009E earnings by 7.6x and is available at an EV/EBIDTA of 3.6x, which is lower than that of its peers. We, therefore, recommend a Buy on JSL with a price target of Rs830.     

Regards,
The Sharekhan Research Team

myaccount@sharekhan.com

 

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