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8/6/2019 Ter English Issue 16 Yr 4 Few Pages
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Vol. 4 Issue : 16 Date : 13-06-2011 to 19-06-2011 Editor : Narendra Joshi Mobile:9825065387 Land line 079 27451449 Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 Phone : 27451449
33333
Buy & SellBuy & SellBuy & SellBuy & SellBuy & Sell
RBI policy review andSouth West Monsoon
to set the trendBear phase may start
if g lobal cues .......
1010101010NIFTY SPOT RANGE
5480-5590,BREAKOUT WI LLSHOW FURTHER
MOVEMENT
1818181818
Point BlankPoint BlankPoint BlankPoint BlankPoint Blank
Rain, Inflation Data& Political stabilitywill improve market
direction
11/06/2011.DIFFICULT TO TRADE.Traders were a
frustrated lot this weekas their stoplosses gottriggered on both sides.The sideways marketgenerates lot of
whipsaws and hencebecome difficult totrade. The marketgained during the earlypart of the week butgave up major gains asthe week passed by. On
Friday, the Niftybreached theimmediate last low of5479 during intraday butsomehow managed aclose above that level.One may argue aboutvarious reasons behind
such market movementlike weak globalmarkets and poorIndustrial Growth Data.But the real reason forsuch market behaviour
Trading GuideTrading GuideTrading GuideTrading GuideTrading Guide
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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 1ACCURACY ABOVE 90 % ACTUAL
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WEEKLY REVIEW
CFT, MSTA (Londen)A professional Technical Analyst and a Trader based inBombay & Runs his ownconsultancy http:// www.prakashgaba.comEmail:[email protected]
PRAKASH
GABATel : 093222-10907
Continue on ......7
W e e k l y R e v i e w f o r t h e W e e kWeek ly Rev iew fo r the WeekW e e k l y R e v i e w f o r t h e W e e kWeek ly Rev iew fo r the WeekWeek ly Rev iew fo r the WeekJ u n e 1 3 s t t o 1 7 t h 2 0 1 1J u n e 1 3 s t t o 1 7 t h 2 0 1 1J u n e 1 3 s t t o 1 7 t h 2 0 1 1J u n e 1 3 s t t o 1 7 t h 2 0 1 1J u n e 1 3 s t t o 1 7 t h 2 0 1 1
Nifty: (5486)Sensex: (18269)10.6.11We said Technically
the bar generated forthe week is suggestiveof a flat market aheadand can be consideredup as long as 5450 holds
but the market certainlycannot be considered as
up until it takes out 5600with force
The marketunfolded flat asexpected yet again andcould not climb the 5600mark and also managed
to stay above the 5450mark frustrating themarket players...
Technically themarket is still flat withstiff resistance aroundthe 5560-5600 zones. Themarket cannot beconsidered up unless
5600 gets taken out withforce...the market may
slide down towards 5350marks in the days tocome. From a tradingpoint of view I wouldconsider buying only ifmarket takes out the5600 mark with force.
TRENDS NOTRENDS NOTRENDS NOTRENDS NOTRENDS NOT IN RESONT IN RESONT IN RESONT IN RESONT IN RESONANCEANCEANCEANCEANCE
MARKET TREND
Ashuu kakkarrTel : +91-7893354545
+91-7893254545
Website : www.ashuukakkarr.com
Email ID : [email protected] /
+91 93476 46997
lies in its trend analysis.Trend analysis clearlysuggests that the short
term and higher termtrends are not inresonance and hence
GLOBAL MELTDOWN TO CONTINUE
NIFTY TO RETYEST 5300-5175 THIS
MONSOONMarkets have given
way on downsiode no
sustainence every small
bounce met wuth freshselling more sell off due
in june-july august .
Earnings will dictatedirection in july 2ndweek till then sidewaysto weak . crucial levellssupports 5300-5175-final trendline supportat 4750 possiblity high
Continue on ......8
8/6/2019 Ter English Issue 16 Yr 4 Few Pages
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8/6/2019 Ter English Issue 16 Yr 4 Few Pages
3/9
513-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-2011THETHETHETHETHE
E C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O N
THE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTION
NOW SOME PAGES OF THE ECONOMIC REVOLUTION
IS AVAILABLE ON MONDAY ON THIS WEB AND
WHOLE ISSUE WILL BE AVAILABLE ON TUESDAY ONLY.
IF YOU WANT WHOLE ISSUE ON MONDAY EARLYMORNING IN YOUR E MAIL
SUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRION
ONLONLONLONLONLY RS.1000Y RS.1000Y RS.1000Y RS.1000Y RS.1000
PER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GEPER YEAR, WITH THIS ISSUE GET GUJARAT GUJARAT GUJARAT GUJARAT GUJARATI VERSION FREETI VERSION FREETI VERSION FREETI VERSION FREETI VERSION FREE
ASTROMONEY
GURU
www. astromoneyguru.com
COL.
AJAYMo.
09414056705,
09314196555
Predictions for 13June to 17 June 2011
AstromoneyguruAs per Col Ajay Ceoo fwww.astromoneyuru.com23 rd week year 2011represented by
mercury and year 2011is represented byRahu. Combination ofMercury with Rahumay bring weaknessin commodit ies
market. During thisweek five planets willmake conjunction invarashab rashi sun,mars, mercury, Venus
and ketu. This is veryunique combinations
for stock andcommodities market.As per astroeconomics this weekheavy f luct ions isexpected in energy
stock at world levels.Sudden downfal l inenergy stocksexpected specially oiland gas stocks maycome under sel l ing
pressure. Ongc, oilIndia may see sellingpressure, steel stocksmay also seedownward movement
while oi l marketingcompanies like Hpcl,
Bpcl may see buyinginterest or pos it ivemovement in Indianstock market. Myadvance predictionsfor previous weekonce gain provedcorrect coal India,chambal fertilizer, Rcfwere shown positivemovement underhighest volatility.Hope all readers musthave enjoyed bigprofit in stock market.
As per astroeconomics crude oil
may show weakness ati n t e r n a t i o n a lcommodities market.3% to 5% downwardmovement expectedin commodit iesespecially in crude oilany time. Libya crisisis also almost at laststage any t imesolutions may be seenon card. .
Important note-Predict ions base onfinancial astrology.Consult your
horoscope beforetaking any decision,Risk management ismandatory tool inelectronic trading
OIL MAY SHOW WEAKNESS AT
INTERNATIONAL
COMMODITIES MARKET
Baba Ramdev holds noshares in yoga empire
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Confusion spreads over hunger strikein Baba Ramdevs Patanjali YogpeethPATANJALI, HARIDWAR: Baba Ramdev .s hunger strike and anti-corrup-
tion appears to be limping on its last leg. Contradicting earlier reports ofrapid weight loss of almost 5 kilograms till yesterday, the official medicalbulletin has a loss of 1.5 kilograms.
Briefing the media, the chief medical officer of the government hospi-tal, Dr Yogesh Chand Sharma said that there are only two persons fasting -Acharya Balkrishna and Baba Ramdev. The rest have been fed, he added.
Speakers at the yogasthal, were primarily sanyasis from Haryana, hishome state who voiced support. The scene was turning into a more organisedcampaign within the Patanjali campus. Records have been kept of all at-tendees and supporters. The only voice for this campaign is the electronicmedia whose flashes are closely monitored by the organizers.
NEW DELHI: BabaRamdevs world is not
just a popular yoga
empire but a clutch ofhugely profitablebusinesses, rangingfrom successfulayurveda products to apopular TV channel.Vedic BroadcastingLimited , which runsAastha channel , madea net profit of Rs 2.30crore on a totalturnover of Rs 19.26crore in 2009-10. The
company mopped up Rs18.50 crore revenue ina d v e r t i s e m e n t s ,telecasting fees andothers. The companys
expenditure onprogramming, telecast
and operations was Rs
9.60 crore.
According to detailsavailable with theregistrar of companies,Ramdevs controversialaide Acharya Balkrishna
holds 99.9% stake inVedic Broadcasting. Heholds 799,250 shares out
of total equity shares of
800,000.The remaining shares
are held byMuktanandji, anotherRamdev aide, andothers. In all companydetails, Balkrishna andMuktanandji do notdeclare their fathersname but list it asdisciple of SwamiShankar Dev, whosedeath a few years ago
was termed mysteriousby Ramdevs detractors.Ramdev does not figureas a shareholder in anyof the companies while
Continue on ......4
8/6/2019 Ter English Issue 16 Yr 4 Few Pages
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713-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-2011THETHETHETHETHE
E C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O N
THE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTION
Cont. from Pg. 1Lions Roar
INDEX LEVELS :
S3 S2 S1 CLOSE R1 R2 R3
Nifty 5232 5319 5401 5485 5563 5634 5721
Sensex 17546 17786 18020 18268 18545 1 8794 19074
WATCH OUT FOR
the market experiencessuch volatilemovements.
T E C H N I C A L L YSPEAKING.
The Sensex opened
the week at 18344 madea high of18545, a low of18182 and closed the
week at 18268. TheSensex lost 108 pointson a weekly basis.Similarly Nifty opened
the week at 5504, madea high of5570, a low of5457 and closed the
week at 5485. The Nifty
closed with a loss of31points on a weeklybasis.
For the second week
in a row both the indicesformed a neutralSpinning Top formation.This time it was a smallblack body Spinning Topas compared to a smallwhite body SpinningTop last week. Onceagain there is a longerupper shadow, whichsignifies selling athigher levels. On thedaily charts, both
Sensex and Nifty haveformed a Bearish Blackbody candle on Friday.Thus the trend in thevery short term timeframe remains
negative.Sensex has made a
Rising Gap while movingupwards, between18072-18087. This gap isexpected to provide
support in case of a fall.One can still
consider the market to
be in a pull-back modeas long as the low of17786 for the Sensexand 5328 for the Nifty is
not violated. We haveto consider a pull-backof the fall from 19811-
17786 for the Sensex
and 5944-5328 for theNifty. The pull-backlevels are placed at18560-18799-19038 for
the Sensex and 5563-5636-5709 for the Nifty.If we consider the entirefall from 21108 to 17295for the Sensex and 6318to 5177 for the Niftythen the pull-backlevels are 18751-19202-19651 for the Sensexand 5621-5758-5895 forthe Nifty.
The market is wellbelow the long term
average i.e. 200dma(Sensex 19181 andNifty 5757) andmedium term averageof 50dma (Sensex 18788 and Nifty 5636).
But the market has justclosed above the shortterm average of 20dma(Sensex 18268 andNifty 5480). As a result,the short term trend has
just managed to staypositive while themedium term and the
long term trendscontinue to remaindown. The medium andlong term trends try and
impose themselves onthe short term trendand that explains the
volatility. As the
medium term and thelong term averages areabove the currentmarket price, they will
act as resistances.There exists a strong
support line in the formof demand trendline atSensex 17887 and Nifty5351. This is a verycritical support line andthe market has beenrespecting it for the past18months. The markettested this trendlinetwo weeks back andmanaged a bounce-
back from thistrendline. A breach ofthis support line willconfirm a Bearish Headand Shoulders Reversalpattern. This will be
herald a strong bearonslaught.
On the higher sidethe 50% pull-back levelof the immediate fall,38.2% of the entire fall,
and 50dma allconverge and areplaced nearby, thusforming First ResistanceZone i.e. from Sensex18751-18799 and Nifty5621-5636. Above this,there is a secondresistance zone formedby the convergence of50% of the entire fall,
trendline resistance
and 200dma. ThusSensex 19181-19210 andNifty 5757-5776 forms aSecond ResistanceZone.
The marketcompleted a small
Bearish Head &Shoulders and thetarget for which isSensex 16573 and Nifty
4964. The target for thisBearish Head andShoulders will remainintact as long as themarket remains belowSensex 18724 and Nifty
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LAST WEEKS RECOMMENDATIONS
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
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1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7
STOCK Rec. Tgt ReachedLot Profitprice size
Buy Glaxo 2394 2434 2424 125 Rs.3,750Buy MRPL 76 79 78 4000 Rs.8,000Buy IndusInd 267 275 269 1000 Rs.2,000Buy GMDC 146 151 152 2000 Rs.12,000Buy IndoTech 159 167 164 2000 Rs.10,000
Total Rs.35,750
THIS WEEKS RECOMMENDATIONS :
STOCK CMP SL Tgt-1 Tgt-21 Buy CentTex 345 340 353 361
Sell BhushanStl 419 425 408 396
2 Buy PantaloonRet 284 279 292 300
Sell JsW Steel 898 909 883 866
3 Buy Talwalkar 249 242 261 273
Sell HeroHonda 1724 1743 1698 1671
This week is expected to be very volatile and
hence Pair Strategies are suggested.
5605.Oscillators are giving
mixed signals. MACDcontinues in its Buymode even though innegative territory. ROC
is positive and hencecontinues to remain inBuy mode. RSI has fallenbelow 50 and is at 45,giving a Sell signal.Money Flow (46) hasgiven a Sell signal whilethe OBV continues to
remain in Sell mode.
Stochastic oscillator hasgiven a Sell signal as %Khas cut %D from above.The DirectionalIndicators have given afresh Sell signal as +DIhas cut DI from above.
The ADX has turnedlower at 17 and suggestsa consolidation. It isadvisable to avoid
trading if the ADX isbelow both theDirectional Indicators.
Nifty O.I. PCR is at1.22. Highest OpenInterest build-up is seen
at 5400 Put followed by5000 Put. Highest Callwriting is seen at thestrike of 5800. Thissuggests that themarket is likely to move
in a range of 5400to 5800. In casethe expected
support at 5400 isbreached then the nextstrong support willemerge around 5000.
The TrendlineResistance for theSensex is at 19210. TheTrendline Support is at
17887.
The TrendlineResistance for the Niftyis at 5776. TheTrendline Support is at5351.
For the weekahead, Sensex will find
Support at 18020-17786-17546 and willfind Resistance at18545-18794-19074.
For the weekahead, Nifty will findSupport at 5401-5319-5232 and will f indResistance at 5563-5634-5721.
8/6/2019 Ter English Issue 16 Yr 4 Few Pages
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913-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-201113-06-2011 to 19-06-2011THETHETHETHETHE
E C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O NE C O N O M I C R E V O L U T I O N
THE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTION
RBI MOVEWILLDECIDETHETREND
Technical indicators of major Stocks
MFI=Money Flow Index * RSI=Relative Strength Index
ADX=Directional Momentum Index
BSE Sensex (18268.54) and Nifty (5485.80) closed down.0.6% and 0.61% respectively last week.Nifty FutureJune was quoting at 0.20 points premium.Nifty call optionJune 5500 was very active.Support for Sensex is at 18100.Resistance for Sensex is at 18480 .Support for Nifty is at5430 and resistance at 5550..
Inflation data will be released by the Government on14 th June 2011.RBI monetary policy review meet will beheld on 16th June 2011.
SBI and LT added Open Interest in June series.Hugeposition was build up at Tata Motors June Call Option
Strike Price 1050.Good build up was also seen at HCC JuneCall Option Strike Price 35.
Strategy for Futures Option players.1)Alok Textiles(27.50) Lot Size-10000 SharesBuy One Call Option of June Strike Price [email protected] Rs
Sell One Call Option of June Strike Price [email protected] .
Premium .Paid=1.05*10000=10500.00 Rs.Premium Received=0.35*10000= 3500.00 Rs.Net Premium Paid==10500.-3500=6500.00 Rs.Maximum Profit==30.00-27.50=2.5*10000=25000-
6500=18500.00 Rs.-Maximum Loss= 650 0.00 Rs.Break Even Price=28.15
2)DCB(61.35) Future-Lot Size 4000 shares.
Buy One Lot June Future @61.35 RsSell One Call Option of June Strike Price [email protected] Rs.Premium Received=0.80*4000=3200.00 RsMaximum Profit=65.00-61.35-
2833=3.65*4000=14600.00+3200.00=17800.00 Rs.Max Loss=Unlimited.Trend of Major Stocks
Trading Idea1)Bombay Dying(374.80)Buy this stock in decline and trade.2)CESC(292.25) Buy this stock in decline and trade
TREND OF MAJOR STOCKSSTOCK TREND NO OF Weekly Monthly
DAYS Trend Trend
BHEL.NS Bulllish 3 Falling Rising
ICICIBANK.NS Bearish 7 Falling Falling
ITC.NS Bearish 1 Falling Rising
TATASTEEL.NS Bearish 1 Falling Falling
TCS.NS Bulllish 5 Rising Falling
TO GET SUCCESS IN STOCKMARKET ALWAYS READ TER
STOCK CLOSE MFI-21 RSI-14 ADX-14
BHE L.NS 1924 .45 29 .75 4 0.38 35.67
I CIC IB AN K.N S1 03 5. 9 4 5. 98 4 3. 62 1 5. 66
ITC.NS 191 .65 46.58 52 .71 16.98
TATA ST EE L. NS5 69 .4 5 5 6. 52 4 3. 46 1 3. 97
TCS.NS 1189 .2 70 .71 59 .47 12.13
5600 crucial resistance withtrendline support at 5400
Dinu's SAR -Trend and Stop-loss Table for Nifty -Investor Chart trade Beta Trend From Stop Gain
type type % lossDerivative Daily 20 (+1.2) DOWN 5510 5500* +20Swing trade Weekly 20 (1-1.2) DOWN 5510 5500* +20Short term Bi-weekly 20 (1) DOWN 5810 5530* +320Medium term Monthly 20 (1-0.8) DOWN 5700 5580* +220Mutual Fund Quarterly 10 (-0.8) DOWN 5700 5670* +220Long Term Yearly 10 (-0.8) Neutral 3670 5280/5750** +2210
NIFTY SUTRA
DINESH ARVINPAWAR (THAKUR)
M. NO. 09822050949
http://dinuthakur.blogspot.com
[email protected] site
http://dinuthakur.blogspot.com
(Daily stop-loss + close)/ 2 will give trader next days stop-loss and trend for NIFTY. Tradersto exit below trigger** and re-enter trend at trigger** or lower level. Reverse trend, if mar-ket trades against stop loss for 30 min.*
Nifty - weekly close 5487(5517) After trading in small
range above weekly trendpoint 5510 for first four days,
selling again started onFriday. Week closes below
trend point 5510 with loss of30 point. As per our One twoka four % formula with 5600high, long term UP trendstoploss is at 5380 and with5460 low, short term DOWNtrend stoploss at 5515, midterm DOWN trend stoploss at5570. Modify all stop losseswith market hitting new highor low. Singapore NIFTY is 35points down on Friday nighttrade.
Continue on ......8
Now out of our 15 different hints for nifty to Trader and Investor, 11 are bearish. Out of50 NIFTY stocks 37are trading negative below their mid term supports. 19NIFTY Stocks arebelow long term support 500 DMA. Reader can see Intraday, EOD technical chart of Nifty andnse/bse stocks with Mobile Phone on my site http://dinuthakur.blogspot.com free and firsttime in India.
Short term Trend and reversal levels for NIFTY stocks are as follows -
use it for entry/exit in two steps.
ACC down 1010,1020
Ambuja Cem down 140,141
Axis Bank down 1280,1290
Bajaj Auto down 1400,1350
Bharti Airtel up 360,350
BHEL down* 2020,2050
BPCL down 630,690
Cairn down 342,345
Cipla up 330,320
DLF down* 238,240
Dr. Reddy down 1580,1590GAIL down 450,455
Grasim down 2340,2400
HCL Tech up 490,460
HDFC down 675,680
HDFC Bank up 2300,2260
Hero down 1750,1760
Hindalco down 200,210
HUL up 300,295
ICICI Bank down 1070,1080
IDFC down* 140,142
Infosys Tech down 2940,3000
ITC up 190,175
Jindal S&P down 660,665
JPAssociate down* 87,90
Kotak Bank up 430,420
LT up 1630,1610
Mah & Mah down 680,700
Maruti down* 1250,1260
NTPC down* 179,180
ONGC down* 288,290
PNB down 1110,1130
Power Grid up* 99,98
Ranbaxy up 530,480
RCom down* 99,100
Reliance down* 968,970RIL Capital down* 560,590
RIL Infra down* 630,640
RPower down* 122,124
SAIL down* 155,158
SBIN down* 2520,2600
Sesa Goa down* 300,302
Siemens up 860,830
Sterlite down* 168,170
Sun Pharma u p 455,440
Tata Motors down 1140,1160
Tata Power down* 1250,1270
Tata Steel down* 590,610
TCS up 1180,1160Wipro down 445,450
* stock above 500 Daily moving avg
STOCK Trend Trend Reversal STOCK Trend Trend Reversal
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THE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTION
NAME : NIFTY
BUY ABOVE : 5480RES-1 : 5530RES-2 : 5570RES-3 : 5610SELL BELOW : 5480SUP-1 : 5410SUP-2 : 5350SUP-3 : 5280
DR. DIPESH GOHILMo. 9727990980 / 9898595 259
VEEN WEALTH SERVICESPVT LTD
OUR PERFORMANCESTOCKS REC. HIGH TGT
PRICE /LOW
IFTY 5520 5450 1 TARGET ACHIEV.
BANKNIFTY 10760 1092 5 1 TARGET ACHIEV.CNXIT 6576 6712 2 TARGET ACHIEV.
CIPLA 323 339 2 TARGET ACHIEV.
R C O M 9 3 9 0 1 TARGET ACHIEV.
GAIL 439 447 1 TARGET ACHIEV.
NAME : BANK NIFTYBUY ABOVE : 10700RES-1 : 10810RES-2 : 10900RES-3 : 11110SELL BELOW : 10700SUP-1 : 10610
SUP-2 : 10500SUP-3 : 10410
NAME : CNX ITBUY ABOVE : 6650RES-1 : 6730RES-2 : 6810RES-3 : 6900SELL BELOW : 6650SUP-1 : 6576SUP-2 : 6440SUP-3 : 6380
NAME : BHARTIARTLBUY ABOVE : 373RES-1 : 377RES-2 : 392
RES-3 : 351SELL BELOW : 373SUP-1 : 367SUP-2 : 361SUP-3 : 352
NAME : TATASTELLBUY ABOVE : 569RES-1 : 575RES-2 : 581RES-3 : 590SELL BELOW : 569SUP-1 : 561SUP-2 : 552SUP-3 : 546
NAME : BPCLBUY ABOVE : 605RES-1 : 611RES-2 : 622RES-3 : 636SELL BELOW : 605SUP-1 : 596SUP-2 : 582SUP-3 : 565
GUJARATI HARD COPY AVAILABLE IN GUJARAT AND MUMBAI
weekly DATE 13th / 17th june 2011
world indices go entry Target Stoploss
dow jones short 11980 11890/790/700/600 12080
long 12080 12170/270/360 11980
nasdaq composit short 2653 2633/13/2593/73 2673
long 2673 2693/2713/33/53 2653
S & P short 1274 1263/52/41/30 1285
long 1285 1296/1307/18/29 1274
FTSE short 5770 5730/690/650/610/570 5810
long 5810 5850/890/930/970/6010 5770
nikkei short 9435 9410/335/260/185 9535
long 9535 9620/690/755 9435
australian ordinary short 4620 4560/500 4650
long 4680 4740/800/860/920 4650
hangseng short 22370 22230/21990/750 22600
long 22600 22775/23050/325 22370
shanghai short 2700 2675/42/09 2727
long 2727 2755/90 2700
TER POSN TRADING weekly DATE 13th / 17th june 2011
stocks / indices go entry Target Stoploss
BSE SENSEX short 1 82 80 1 82 10 /0 20/ 17 83 0/ 64 0 1 84 50
long 18450 18540/640/750 18280
BSE AUTO short 8640 931/25/18/12 8930long 8930 951/57/64 8640
BSE CAP GOODS short 13200 x 13330
long 1330 x 13200
BSE FMCG short 3875 x 3900
long 3900 x 3875
BSE HEALTHCARE short 6265 x 6305
long 6305 x 6265
BSE OIL & GAS short 9355 x 9438
long 9522 x 9438
BSE PSU short 8460 x 8535
long 8535 x 8460
BSE REALTY short 2122 x 2144
long 2144 x 2122
World indices
comodities
BSE Indices
WEEKLY DATE 13TH JUNE TO 17TH JUNE 2011
COMMODITY G O ENTRY TARGET STOPLOSS
GOLD SHORT 1537 1528/19/10/01/1492/83 1546
L O N G 1546 1555/64/73/82 1537
SILVER SHORT 36.4 36/35.45/34.9/34.35/33.8 36.75
L O N G 37.1 37.65/38.1/38.5/38.95/39.35/39.8 36.75
CRUDE SHORT 99.6 98.2/96.8/95.4/94 101
L O N G 101 102.4/03.8/05.2/06.6/07 99.6
COPPER SHORT 4.04 43.95/3.9/3.85/3.8 4.1
L O N G 4.1 4.18/4.25/4.32 4.04
SU G AR SHORT 720 707/695/82 726
L O N G 732 745/57 726
I wrote two weeksago and we did have 300odd points bounce on
Sensex in the weekending 3rd June. But, lastweek saw pressureappearing on ourmarkets due to globalfactors. SBI continuedto remain in dumps andwe could not scale the5600 barrier in Nifty.
The ensuing
sideways move for 4/5days gave way on Fridayafter we had weak IIP
numbers for April 2011.We had a very weak
close on US markets onFriday evening which isgoing to openfloodgates on Monday.Moneyflow is stillholding positive zone sothere is everypossibility of a bounce
from lower level unlessUS markets crack againon Monday.
Tata Motors can slideto three fig mark as JLRfigures likely to bedeclared on 15th Junewill not be good. Thwstrike continues atMaruti and may spreadto other auto ancillaryunits in Manesar.
Continue on ......14
Madhav Ranade(M) 09371002943 or
email :[email protected]
Trading levels 13th
/ 17th June 2011
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THE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTION WELKNOWN ANALYSTS WRITERS FROM DIFFERENT PART OF COUNTRY
MARKET
PREVIEW
E-mail : [email protected]
Mo.: + 91 09892145335
Rajesh
Kothari
WEEK IIP DATA ..RELIANCE ENTER
INTO INSURANCE ..NEXT WHATIn a week devoid of
any major economic orcorporate news, fasts byvarious factions andgovernments fuddledresponse to these keptmarket participantsriveted. Rumours thatthe UPA governmentmight lose support of its
regional ally, DMK, alsocaused somenervousness mid-week.
Lethargic movement inglobal equities did not
help the situation andSensex sauntered witha negative bias andfinally closed 100 pointslower.
Onset of monsoonhas not brought anyrelief to market so far.Headline inflationnumber and RBIsmonetary policymeeting scheduled nextweek could decide near-term stock pricemovement. On the
global front, the soundbytes coming out ofFederal Reserve are
being closelymonitored to see what
it is likely to do onceQE2 ends on June 30.
That the developedmarkets appear to havebegun a fresh medium-
term downtrend is goingto be a constrainingfactor for our market inthe days ahead.
Sensex moved to theintra-week high of18,545 on Wednesdaybut seemed to lack thewill to move any higherand collapsed to 18,182instead.
Traders andinvestors appearedquite disinterested inthe proceedings andthis was reflected in
sub-par volumes. FIIswere net sellers for theweek and FII volumeswere also quite low.Open interest isclimbing higher toaround Rs 1,26,000 crorethough it is still muchlower than the high ofRs 2 lakh crore recordedbefore the November2010 crash.
Movement of theSensex last week hasnot altered ourmedium- or short-termview since the index was
confined within thesame range as the
previous week. Thissideways move has,however, resulted inloss of momentum andthe 10-week rate of
change oscillator hasdipped in to thenegative zone.
The 14-weekrelative strength indexis also doing likewise.This means that themedium-term trend isunder threat. Both dailyand monthly oscillators
are also on the verge ofentering the bearishterritory.
The medium-termtrend in the Sensex iscurrently down and astrong close above19,037 is required tosalvage this view.
Inability to movebeyond 18,700 will keep
open the possibility ofthe index declining to17,420 or 16,647 in theweeks ahead.
For the short-term,the index is currently ina sideways range andthe trajectories that itcan take are numerousin such situations.
Some guide-postsfor the short-term are asfollows,
Key near-termsupport is at 18,124. IfSensex holds above this
level, it can movehigher to 18,500, 18,672or 18,730 over theensuing sessions.
Move below 18,124will mean that the indexis heading towards17,786. A bounce fromthis level will re-establish the short-term range between17,800 and 18,600.
However, a crashthat leads topenetration of 17,786support will bring themedium-term targets
given above to play.If we consider the
action of the oscillatorsand rest of globalmarkets, the secondscenario seems more
likely, that is, Sensex islikely to slide lower tothe support at 17,800.
Whether the bullswill be able to get theiract together at thatpoint and again managea pull-back is to be seen.
Nifty (5,516.7)
Nifty recorded thepeak of 5,570 beforereversing lower to theintra-week low of 5,457.Key short-term supportfor the week is at 5,434.If the index movesbelow this level, it willdecline to the trough of
5,328 formed on May 25.There is possibility ofanother rebound fromthis level and such amove will result in theindex establishing therange between 5,330
and 5,600 over theensuing weeks.
The downtrend willaccelerate only on amove below 5,330 sincethat will result in theindex moving furtherdown to 5,224 or 4,989over the medium term.
Conversely, if theNifty manages to holdabove the support at5,434, it can move on to5,628 or 5,734 over theensuing sessions.
The medium-term
trend in the indexcontinues to be downand a strong close above5,708 is needed toreverse this view. Onthe other hand,
inability to movebeyond 5,600 in thesessions ahead wouldexacerbate thedowntrend draggingthe index to 5,224 orlower.
Global CuesWorries on economic
growth being slowerthan anticipated causeda slide in global stockprices last week. Euroweakened followingECBs indication that it isnot going to hike
interest rate. This madedollar rally against othercurrencies. The sharpreversal in the dollarindex from the low of73.5 resulted in a sharpturmoil in other assetclasses denominated indollars.
However, the trendin the greenbackremains weak and theindex is likely to facestiff resistance from
the zone around 76.5.Another reversal
from here will result inthe index oscillatingbetween 73 and 76 forfew more weeks.
The Dow went on torecord the sixthconsecutive weeklyloss last week. It alsoclosed below thep s y c h o l o g i c a l l yimportant 12,000level.
Though the short-term trend is definitelydown, we stay with theview that the medium-term view will turnnegative only on aclose below 11,640.Unless this indexmanages to clamber
atop 12,000 again earlynext week, it is likelyto move lower to testthe zone between11,500 and 11,640 in thedays ahead.
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THE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTIONTHE ECONOMIC REVOLUTION THE KEY OF SUCCESS IN STOCKMARKET TER
Sistema defers India listing;awaits 2G probe outcome
Amid uncertaintyover the ongoinginvestigation into the
2G scam, SistemaShyam TeleServicesLtd (SSTL) , whichoffers services underthe MTS brand, hasdeferred its plans togo public and list thecompany on thebourses.
In this kind of theenvironment, I wouldsay we woulddefinitely have tosee. . . what theoutcome would be ofthe var iousinvestigations, SSTLPresident and CEO MrVsevolod Rozanovtold PTI.
The companywants to go public bylisting on the Indianbourses. SSTL is a jointventure betweenRussia-based Sistema,the Russ iangovernment andShyam Group of India.
The RussianFederat ion holds a17.14% stake in thecompany. Sistema is
the major ityshareholder with a56% part ic ipat inginterest and theremaining is with theIndian promoters.
The Indian telecomsector, which is one ofthe s ignif icantcontr ibutors to thecountrys GDP, is thefocus of severalinvest igat ions inconnect ion to the
al lotment of 2Glicences under theregime of former
Telecom Minister Mr ARaja.
One has to see therules of the game. Wehave to look at theoutcome of theseinvest igat ions, therules of the proposednew telecom pol icyand the spectrum
issue. We definitelyneed to wait unti lregulatory clearancearrives, Mr Rozanovadded.
In 2010, the Russiang o v e r n m e n t sinvestment of Rs2,698.8 crore in SSTLprovided the companywith addit ionalf inanc ing that wil lhelp it to rapidly
expand its high-speeddata network acrossIndia during 2011.
The CAG hadquantif ied apresumptive loss of over Rs 1.76 lakh croredue to the sale of 2Gspectrum in 2008 byMr Raja and the matteris being investigatedby various agencies.
The company willcomplete three years
of Indian operationsin October with aninvestment of USD 3
billion by the end ofthis year.
S istema hasarranged $3 billion foroverall commitmentfrom the group onvar ious operat ions,out of which around$2.4 bi l l ion to $2.5bi l l ion has already
been invested and therest will be realised bythe end of this year,Mr Rozanov said.
SSTL offers mobileand data services in 20circles out of 22 circlesin the country. Thecompany wil l soonoffer services in theremaining c irc leswithin a week or so.
Our network is
present in 20 circlesout of total 22 circlesin the country. Wil llaunch last two in fewdays in J&K and NorthEast, Mr Rozanovsaid added. Thecompany has overseven lakh datasubscr ibers andoverall, it has morethan 11 mil l ioncustomers, includingvoice.
L&T Finance to launch Rs1750cr IPO in June: Sources
L&T FinanceHoldings, an arm ofengineering and
construction companyLarsen & Toubro, willlaunch its Rs 1,750 croreinitial public offer (IPO)in June, reports CNBC-TV18 quoting DowJonessources. The companywill meet local investorsnext week ahead of theplanned IPO.
The issue consists ofRs 50 crore worth ofequity shares reservedfor employees and Rs125 crore for L&Tshareholders.
It is a financialholding companyoffering a diverse rangeof financial productsand services across thecorporate, retail andinfrastructure financesectors, as well asmutual fund productsand investmentmanagement services,through direct andindirect wholly-ownedsubsidiaries.
L&T FinanceHoldings' whollyowned subsidiaries are
L&T InfrastructureFinance CompanyLimited, L&T FinanceLimited, L&TI n v e s t m e n tManagement Limited,L&T Mutual FundTrustee Limited andIndia InfrastructureDevelopers Limited.
Company intends touse issue proceeds forrepayment ofintercorporate depositissued by promoter tocompany (worth Rs 345
crore); and augmentingthe capital base of L&TFinance (by infusing Rs570 crore) and L&T Infra(by investing Rs 535crore), to meet thecapital adequacyrequirements tosupport the futuregrowth in theirbusiness.
JM FinancialConsultants PrivateLimited, CitigroupGlobal Markets IndiaPrivate Limited, HSBCSecurities and Capital
Markets (India) PrivateLimited, BarclaysSecurities (India)Private Limited andCredit Suisse Securities(India) Private Limited
are the book runninglead managers to theissue. Equirus Capital
Private Limited is theco-book running leadmanager.
ICRA assigns grade 2to Brooks LaboratoriesIPO
ICRA has assigned angrade 2, indicatingbelow average
fundamentals, to theproposed initial publicoffering (IPO) of BrooksLaboratories, accordingto its research reportdated June 8.
Brooks wasincorporated on January
23, 2002 by Mr AtulRanchal and Mr RajeshMahajan with the aim toset up a manufacturingfacility forp h a r m a c e u t i c a lformulations namelytablets, injections anddry syrups.
The report says, "Thegrading takes intoaccount the past trackrecord of the companyin supplyingp h a r m a c e u t i c a lformulations to a fairly
diversified customerbase and thee s t a b l i s h e dm a n u f a c t u r i n gcapabilities with a WHO-GMP approved plantlocated at Baddi,Himachal Pradesh. Inthe recent past, thecompany's profitabilityhas witnessed a gradualimprovement driven byincreasing focus onmanufacture of nicheand differentiatedproducts. The gradingalso factors in the small
scale of operationshaving a singlemanufacturing facilityand the highlycompetitive domesticcontract manufacturing
industry characterisedby presence ofnumerous similar sized
smaller players as wellas large establishedplayers therebyresulting in heavypricing pressure."
"In order to begincatering to the exportmarkets and augmentm a n u f a c t u r i n g
capacities, Brooks isproposing to setup anew manufacturing unitat JB SEZ Private Limitedlocated at Panoli,Gujarat at an estimatedcost of Rs 60 crore to befunded entirely from
the proceeds from theIPO. However, owing tothe Greenfield natureof the project coupledwith substantial timerequired forstabilisation of them a n u f a c t u r i n gprocesses, the projectexecution risks remainhigh. Moreover, thecompany's ability toattract and partnerclients in order toachieve sufficientorders in a highly
competitive market andtimely receipt ofnecessary approvalswill also prove critical inattaining a strongrevenue growth,"according to report.
Brooks reported anet profit of Rs 5.2 crorein FY 2010 on anoperating income of Rs45.1 crore as comparedto a net profit of Rs 3crore in the previousyear on an operatingincome of Rs 45 crore.For the six months
ended 30th September2010, the companyreported a net profit ofRs 3.2 crore on anoperating income of Rs25.1 crore.
Cont. from Pg. 14Olympic Carfds IPO
i ts manufactur ingcapacity in Chennai tocater to geographiesoutside Tamil Nadu.However, the spectreof local isedcompetit ion loomslarge. The gradefactors in thecompany's exposureto the risk of branddilution. It shares the'Olympic' brand withthe promoter 'srelatives who have asimilar business."
" C e n t r a l i s e dmanagement, andrelat ively weakinternal processesand managementinformation systems
have also influencedthe grade. Further,the independentdirectors ' havel imited abi l i ty toe x e r c i s em a n a g e m e n toversight. The gradedoes derive supportfrom the company'spresence in thewedding cardsegment, which isexpected to grow 15-18% over the nextthree-five years with
nearly 35% of thepopulat ion in themarr iageable agegroup and expectedincrease in weddingbudgets," the report
said.O l y m p i c C a r d s
p l a n s t o i s s u e 8 . 2mi l l ion new s haresthrough the IPO andw i l l u s e t h eproceeds to fund itsc a p e x o f R s 3 6 2m i l l i o n . T h ep r o c e e d s w i l l b eu t i l i s e d f o re x p a n d i n gm a n u f a c t u r i n gf a c i l i t y t o 5 3 1mil l ion pieces from145 million pieces in
Chennai and settingu p f o u r m o r e n e woutlets . Part of thep r o c e e d s w i l l b eu s e d f o r g e n e r a lcorporate purposes.
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Ra i n , I n f l a t i o n Da t a & Po l i t i c a ls tab i li t y w i l l improve m arket d irec t ion
Dear Friends &
Investors,Last week we seenmarket not bigmovement wholeweek. There was aperceptible lull in the
Indian market, with thekey equity indiceshovering in a narrowtrading band. Tradedvolumes tapered offsubstantially, rejecting ageneral lack of interestamong market players.Moreover, a decline in
April IIP and rise in foodinflation adverselyaffected market
sentiment. All eyes areon the RBI, which willmeet on June 16 toreview rates.
The benchmark 30-share index, Sensex lost108 points or 0.59% to18,268.54 in the weekended June 10. On theother hand, the broadbased NSE Nifty moveddown by 31 points or0.56% to 5,485.8 in thesame period. Mid-capindex increasedmarginally by 2 points,
or 0.03% to 6,898.28during the week.Meanwhile, Small-capindex gained 50 points,or 0.60% to 8,288.46during the week.
All sectoral indices
ended the week mixed.
Top gainers were BSEConsumer Durables(3.16%) followed by IT(1.5%), Teck (1%) andRealty (0.7%). HoweverBSE Auto dropped the
most with fall of 2%,followed by Metal(1.3%), Bankex (0.7%)and FMCG (0.6%).
Global MarketsAll major global
markets are expected toend in the red for theweek. The US markets
reacted to weak
economic dataas well as somed o w n b e a tassessment ofthe economyby Fed ReserveC h a i r m a nBernanke.
Institutional
ActivitiesFIIs flows
were positivefor equities but withmarginally net inflowsof Rs 1.66 billion duringthe week. Meanwhile,
domestic institutionalinvestors (Banks, DFIs,Insurance and MFs)were also net buyers
worth Rs 6.48 billion
during the week. MacroEconomic IndicatorsIndias industrial outputgrew by 6.3% in April2011 as per the newseries. This was lower ascompared to the 8.8%
expansion in March as
per the new series. Asfar a the old series isconcerned, Industrialoutput grew by amodest 4.4% in Aprilthis year versus 7.3% inMarch 2011. Indiasexports grew by animpressive 56.9% toUSD 25.9 billion y-o-y inMay on account ofincreasing demand fromthe Western markets.Imports, too, went up by54.1% to USD 40.9billion, leaving a tradedeficit of USD 15 billion.
Food inflationjumped to a two-monthhigh of 9.01% for theweek ended May 28 onthe back of costlierfruits, onions andprotein-based items.Food inflation, asmeasured by theWholesale Price Index(WPI), was 8.06% in theprevious week, while itwas as high as 20.62%during the last week ofMay, 2010.
Outlook
The key Indianindices may continue toremain lackluster amidlack of interest amongthe traders as well asinvestors. The recenttrend of light tradingvolumes underscore ageneral lack ofparticipation for thetime being. A cleardirection might emergeonce the Nifty managesa decisive break outfrom the current tradingrange. Im sure that RBInot change any policynext meets on 16th June,2011, because this is thebig problem foreconomy & corporate
sector. So RBI notchanges Interest rate of
repo rate & reverse reporate. So investor has notpressure on your mindfor this policy. Crude oilrose further during theweek, thus aiding
inflationary pressures
and at the same timealso squeezinggovernment finances.The current macrocondition of Indianeconomy is not the mostdesirable from a growthpoint of view. Thegrowth is slowing downeven as the inflationremains wellentrenched. This couldlead to Stagflation.
I believe Indianequities wouldcontinue to remainrange-bound and may
even weaken furthergiven ongoing euro-debt crisis, fresh worrieson US economic growthand domestic economicrisks as outlined above.I bullish & Bearish incoming week. Becausenot big movement incoming week. Marketmay range boundcoming week. Investorhave keep sure calltrade & keep a stop lossyour trend.
Petronet LNG
futureClose (138.45)Petronet LNG Ltd has
informed BSE that theRegister of Members &Share Transfer Books ofthe Company willremain closed fromJune 20, 2011 to June 30,2011 (both daysinclusive) for thepurpose of Payment ofDividend & 13th AnnualGeneral Meeting (AGM)of the Company to beheld on June 30, 2011.
Dividend, if approvedby the Members in theAnnual GeneralMeeting, will bepayable on and afterJuly 04, 2011. This newsbullish for this stock.Buy petrone at 135-138level. Keep a stop loss131.50 for target of 145-152.
Indian Hotel
Future
Close (80.05)Indian Hotels, FY11
saw averageoccupancies acrossluxury hotels in majorcities up 200-900bps yoyexcept for pockets ofweakness like South
WEL KNOWN ANALYSTS WRITERS FROM DIFFERENT PART OF COUNTRY
Mumbai. Although
Hyderabad and Chennaisaw room inventoryadditions in FY11,robust demand meantoccupancies were up500-800bps. Our talkwith metro-focusedcompanies suggests H2FY12 could seemoderate 5-8% ARRhikes in major metros.Bangalore may be anexception and may seea subdued 3-4% rise asimpending supply
looms. We expect FY11to be the low point incurrent margin cycle assustained upswing inoccupancies and
moderate ARR hikes inH2 FY12 lead to revivalin domestic operations.Encouragingly, IHCL Q4FY11 standalone margin
of ~35% was highestsince Q3 FY09.
Buy this stock everydips with stop loss 78 fortarget 85-89 Rs.
GVK Power
Future
Close (22.15)The problem with
this company Mumbaiand Delhi internationalairports ask passengersto pay airportdevelopment fees? Theairport economic
regulatory authority
(AERA) will decide onthis matter after it getsfeedback from variousstakeholders. In a taleof two airport
operators, it might not
be the best of times. The
Delhi High Court ordered
GMR, which operates
Delhi international
airport, to stop charging
passengers airport
development fee for
three weeks which will
dent revenues by
around Rs 2 crore per
day. As the AERA studies
the issue of feechargeability, GMR calls
the point is moot.
Sidharath Kapur, CFO -
Airport Division of GMR
said, The permission to
allow the entire ADF is
under review by the
airport regulator for
which the consultation
process has just been
completed. We are
hopeful of final orders
from the regulator in the
next few weeks. This will
end the procedure
related suspension
happened due to the
legal upheavals over the
last couple of weeks. I
am hopeful that this will
end the entire issue
about ADF which is
more a procedure
related issue rather achargeability issue. The
AERA is not confining its
study to just the issue of
chargeability. Sources
said that it has asked
for feedback from
stakeholders, and will
then take a call on
whether airports can
make up the shortfall in
project costs through
means other than ADF.
A final order is expected
in two-three months.
The big negative
news in coming week inthis stock so investorShort this stock in everyhigh keep a stop loss of23 for target of 20-19 if
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