Sensex

Thursday, September 04, 2008

DG - Org Info

ORG Info gets orders worth 780.6 million rupees

 

ORG Informatics Ltd said it got orders worth 780.6 million rupees from state run telecom company Bharat Sanchar Nigam Ltd to supply and install equipment for the Indian Air Force.

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DG - Trading Levels : 05-Sep-2008

Nifty (spot)  4447.75

 

 

Short term Technical View of Nifty

 

Now, Nifty is likely to rally towards 4700 by this month end and the next short term correction is likely to occur around 4700 level. This view holds good as long as Nifty stays above 4400.

 

Instead, if it fails to hold above 4350-4400 level, then it could decline towards 4200.




Extreme Short term technical view of Nifty

 

In the extreme short term, the level 4350-4400 is crucial. A long as Nifty sustains above this level, the trend would remain bullish.

 

                                                                                                                  

Nifty Intraday trading levels

 

Today, if Nifty trades above 4380, then it could test 4475. Instead, if it sustains below 4380, then it could test 4350.

 

 

 

Trading Strategy for Nifty

 

For intraday, the crucial level is 4380. Trade long above this level and be short below this level.

 

Positional traders can hold their longs with a stop at 4350 for a target of 4700. Exit your longs if it trades below 4

350.

 

 

 

 

Medium term outlook of Nifty dated on 02 July 2008

 

The medium term outlook of Nifty has turned bullish and it is likely to move towards 5500 by this year end and this view holds good as long as Nifty stays above 3600.

 

 

 

 

 

Long term outlook of Nifty dated on 02 July 2008

 

The long term outlook of Nifty is looking bullish and it seems that Nifty is in the middle of this bull run. So, the bullrun is likely to continue for another 4 to 5 years and this view holds good as long as Nifty stays above 3600.

 

 

            

 

 

Short term trading calls of Stocks

 

 

RPL

 

The short term trend of this scrip is looking bullish and it is likely to test 185 in the short term and this view holds good as long as it sustains above 150.

 

On contrary, if it trades below 150, the short term trend would turn bearish and in the downside it is likely to decline towards 135.

 

 

Trading Strategy for RPL

 

For intraday, the crucial level is 154. Trade long above this level and be short below this level.

 

Positional traders can initiate longs on declines with a stop at 150. In case 150 is violated, then short with a stop at 154.

 

 

 

 

HDFC BANK

 

The short term trend of this scrip is looking bullish and it is likely to test 1450 in the short term and this view holds good as long as it sustains above 1260.

 

On contrary, if it moves below 1260, then the short term trend would turn bearish and in the downside it is likely to decline towards 1150.

 

 

Trading Strategy for Hdfc Bank

 

The crucial level is 1260 in the short term. Trade long above this level and be short below this level.

 

 

 

 

Infosys

 

The short term trend of this scrip is looking bullish and it is likely to test 1900 in the short term and this view holds good as long as it sustains above 1700.

 

On contrary, if it trades below 1700, the short term trend would turn bearish and in the downside it is likely to decline towards 1600.

 

 

Trading Strategy for Infosys

 

For intraday, the crucial level is 1740. Trade long above this level and be short below this level.

 

Positional traders can initiate longs on declines with a stop at 1700.

 

 

 

 

 

MTNL

 

The short term trend of this scrip is looking bullish and it is likely to test 120 in the short term and this view holds good as long as it sustains above 90.

 

On contrary, if it trades below 90, the short term trend would turn bearish and in the downside it is likely to decline towards 80.

 

 

Trading Strategy for MTNL

 

For intraday, the crucial level is 96. Trade long above this level and be short below this level.

 

Positional traders can initiate longs on declines with a stop at 90.

 

 

 

 

 

NTPC

 

The short term trend of this scrip is looking bullish and it is likely to test 195 in the short term and this view holds good as long as it sustains above 165.

 

On contrary, if it trades below 165, the short term trend would turn bearish and in the downside it is likely to decline towards 150.

 

 

Trading Strategy for NTPC

 

For intraday, the crucial level is 169. Trade long above this level and be short below this level.

 

Positional traders can initiate longs on declines with a stop at 165. Initiate short if it moves below 165, with a stop at 169.

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DG - FW: ORG INFORMATIC LTD Rs 29-30

BUY ORG INFORMATIC LTD at Rs 29-30.

 

It has book value at Rs 60.84 and overseas Belgium company which they acquired would post sales of 100 crore +, also they have order worth Rs 300 crore on their hand. Current year consolidates sales would be Rs 400 crore and net profit at Rs 20-25 crore.

Current Market Cap : 49.11 Cr.

 

It is a supplier to our Defence also, please check website

http://www.bseindia.com/qresann/news.asp?newsid={9FBBF16C-97AD-499F-8FE3-FB9FD0D08991}

 

Check new orders it secured

http://www.bseindia.com/qresann/news.asp?newsid={BD488119-6453-4BED-8A26-5578A5A83D02}

 

Belgium Satellite is 5th largest company in Europe, check this website of the company

http://www.bssteleport.com/belgium-satellite-services.html 

 

Quarter profit is at Rs 3.4 crore which gives yearly EPS of 8-10.Stock has high of Rs 125 and Low of Rs 19.Six month price average is Rs 55.

 

It is a premier company available at Throw away price.

 

One Can Buy as it is a risk free stock and would move to Rs 90-100 within couple of quarter. Week target at Rs 35-40.

PLEASE DO YOUR OWN RESEARCH & HOMEWORK TOO.

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DG - FW: Sharekhan Post-Market Report dated September 04, 2008

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 04 September 2008 17:05
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated September 04, 2008

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

September 04, 2008

 

Index Performance

Index

Sensex

Nifty

Open

14,895.85

4,512.95

High

14,994.15

4,514.60

Low

14,766.01

4,419.45

Today's Cls

14,899.10

4,447.75

Prev Cls

15,049.86

4,504.00

Change

-150.76

-56.25

% Change

-1.00

-1.25

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

KSK Energy

215.70

9.02

Akruti City

962.15

7.60

Aban Offshore

2,214.95

5.33

UCO Bank

42.40

4.56

Piramal Healthcare

345.00

3.71

Losers

GMDC

206.20

-14.51

Indiabulls Real Estate

289.35

-10.24

GSPL

59.85

-7.07

GE Shipping

363.90

-5.27

Indiabulls Securities

62.30

-4.67

Market Statistics

-

BSE

NSE

Advances

1,332

765

Declines

1,259

791

Unchanged

94

43

Volume(Nos)

25.19cr

47.67cr

 Market Commentary 

Unable to pass the baton

Taking cue from weak international markets, the Sensex loses over 1% due to heavy selling in heavyweights, realty and FMCG stocks.

The market failed to capitalise on the 551-point gain on Tuesday, as weak Asian indices and overnight fall on the US bourses weighed on sentiment.  

 

Barring information technology (IT), health care (HC) and automobile sectors, all other sectors witnessed selling.

The benchmark BSE-30 Sensex opened 154 points lower at 14,896 and never recovered from the early slump. While the market moved in a range below 15,000 for the better part of the trading session, the index witnessed a steep fall towards the closing hours and nearly breached the 14,800 mark to touch the day's low of 14,766. The Sensex pared losses on selective gains and ended the session with losses of 151 points at 14,899, while the Nifty declined 56 points to close at 4,448. 

The breadth of the market was strong. Of the 2,685 stocks traded on the BSE 1,332 stocks advanced, 1,259 stocks declined and 94 stocks ended unchanged. Among the sectoral indices, the BSE Reality dropped sharply and lost 3.20%, while the BSE FMCG, the BSE Oil & Gas, the BSE Metal and the BSE Power were down over 1% each. The BSE IT was the major gainer and gained 0.46% followed by the BSE HC and the BSE Auto.

Over 1.88 crore shares of Austral Coke changed hands on the BSE followed by Reliance Natural Resources (1.24 crore shares), Resurgere Mines and Minerals India (0.91 crore shares), IFCI (0.71 crore shares) and Dish TV (0.67 crore shares).

European Indices at 16:46 IST on 04-09-2008

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

5528.10

28.40

0.52

CAC 40 Index

4417.18

-29.95

-0.67

DAX Index

6402.91

-64.58

-1.00

Asian Indices at close on 04-09-2008

Index

Level

Change (pts)

Change (%)

Nikkei 225

12557.66

-131.93

-1.04

Hang Seng Index

20389.48

-195.58

-0.95

Kospi Index

1426.43

-0.46

-0.03

Straits Times Index

2626.05

-80.48

-2.97

Jakarta Composite Index

2075.23

-40.76

-1.93

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