Fw: ValueGuide: Darkest before dawn

 

 

Sharekhan ValueGuide [October 04, 2011]  Sharekhan www.sharekhan.com

EQUITY FUNDAMENTALS FROM SHAREKHAN'S DESK Darkest before dawn The headwinds from the West grew stronger last month as the crisis in Greece escalated threatening to engulf the entire euro region. The economic data coming from the USA also pointed to more weakness and the dim outlook for growth globally led to risk aversion-driven sell-off in equities and commodities whereas the flight-to-safety-driven rally pushed up the US Dollar and bonds.   SHAREKHAN TOP PICKS Sharekhan top picks  STOCK UPDATE Bajaj Corp: Price target revised to Rs142 Bharat Electronics: Annual report review Bharat Heavy Electricals: Competition pressure intensifies, PT revised to Rs2,077 CESC: Annual report review Eros International Media: Annual report review Grasim Industries: Annual report review Hindustan Unilever: Annual report review IDBI Bank: Asset quality woes continue IRB Infrastructure Developers: Annual report review; price target revised to Rs228 ITC: Price hike in cigarettes Mahindra & Mahindra: Price target revised to Rs865 Marico: Price target revised to Rs153 Maruti Suzuki India: Annual report review Orient Paper and Industries: Annual report review Reliance Industries: Price target revised to Rs1,040 Selan Exploration Technology: Gearing up for a strong production ramp-up Tata Chemicals: Annual report review Thermax: Price target revised to Rs550 THE STOCK IDEAS REPORT CARD SECTOR REPORT Information technology: Sky is not falling...hope persists SECTOR UPDATE Banking: Asset quality concerns intensify Fertilisers: Urea makers have the advantage VIEWPOINT Liberty Phosphate: Key beneficiary of NBS scheme EARNINGS GUIDE MUTUAL GAINS Sharekhan's top mutual fund picks (equity)  EQUITY TECHNICALS  Sensex: Breakdown  EQUITY DERIVATIVES  Derivative view: Bears resurge  COMMODITY FUNDAMENTALS  Macro-economy Crude oil: Further decline possible Precious metals: Dip buying noted Base metals: Buy copper on dips Major economic events in October 2011   COMMODITY TECHNICALS  Gold (London): Monthly outside bar Silver: Bears cut loose Light sweet crude oil: Monthly 20-SMA important in the medium term Zinc: At MOB Lead: Last leg pending Pepper NCDEX: Rs31,096 critical for bulls  CURRENCY FUNDAMENTALS  USD-INR EUR-INR GBP-INR JPY-INR  CURRENCY TECHNICALS  USD-INR: Time for a breather GBP-INR: Moving higher EUR-INR: Channelised rise  JPY-INR: Correction unfolding  PMS DESK Sharekhan PMS funds: Fund manager's view and product performance ProPrime-Top Equity ProPrime-Diversified Equity ProTech-Nifty Thrifty ProTech-Diversified ProTech-Trailing Stops  ADVISORY DESK  Monthly performance of Advisory products Smart Trades Derivative Trades MID Trades Click here to read report: Sharekhan ValueGuide

Regards, The Sharekhan Research Team myaccount@sharekhan.com  www.sharekhan.com to manage your newsletter subscriptions