Intraday Calls [03/12/2007]

BEST BUY

GMR INFRA (BUY) 254-256 (Target1) 261.7 ( Target 2) 266 (Sl) 243

MTNL (BUY) 171-172 (Target1) 175.8 ( Target 2) 181 (Sl) 166

IFCI (BUY) 94-95 (Target1) 98 ( Target 2) 102.1 (Sl) 87

Intraday calls for 27 Nov

BEST SELL

ESSAR OIL (SELL) 188-190 (Target1) 184 ( Target 2) 179 (Sl) 197

INDIABULLS FINANCIALS (SELL) 788-791 (Target1) 784 ( Target 2) 777 (Sl) 799

GITANJALI GEMS (SELL) 372-374 (Target1) 367 ( Target 2) 361 (Sl) 379.4

Calls ...Continue [ 11/10/2007]

BUY

PeninLand sl 590 target 617--635

AxisBank sl 750 target 776--790

IDBI sl 142 target 150--154.55

[28/09/2007] Calls...

BEST BUY

TECH MAHINDRA (BUY) 1354 (Target1) 1363 ( Target 2) 1372 (Sl) 1321

GMR INFRA (BUY) 855 (Target1) 862 ( Target 2) 871 (Sl) 839

IFCI (BUY) 94.9 (Target1) 97 ( Target 2) 100.10 (Sl) 89

India, Singapore set to open up banking

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) are finally ready to open up the financial sector of their respective countries.
According to people intimately familiar with the development, both regulators are very close to reaching an “understanding”.

“It’s a sort of quid pro quo,” says one person, who didn’t want to be named. “MAS will offer the qualifying full bank (QFB) status to State Bank of India (SBI) and possibly to ICICI Bank as well. This will enable these two banks to raise retail deposits and open 25 centres in Singapore, including brick and mortar branches and ATMs. RBI, in turn, will allow DBS and other Singapore banks to open more branches.”
Greater presence: Singapore’s DBS Bank will be allowed to open more branches in India
Greater presence: Singapore’s DBS Bank will be allowed to open more branches in India
India’s central bank is also the banking regulator and MAS regulates the entire financial sector in Singapore, including capital markets .

MAS is asking for 15 branch licences for Singapore banks but RBI cannot offer so many at one go as, under World Trade Organization (WTO) norms, the Indian banking regulator is required to offer 12 new licences every year to all foreign banks. “RBI may offer six branch licences to DBS this year,” this same person said. According to him, a formal announcement will be made soon, certainly before the end of 2007.
“RBI and MAS are working closely to review the applications by banks to be set up or to expand in the respective jurisdiction. This will help enhance economic connectivity between India and Singapore. Once these details are settled, the appropriate announcements would be made,” an MAS spokesperson told Mint.

Since August 2005, when the Indo-Singapore Comprehensive Economic Cooperation Agreement (CECA) came into effect, trade between the two countries has increased significantly. Since the CECA came into being, two Indian banks—Bank of Baroda and Axis Bank—have been allowed to set up operations in Singapore. DBS, Singapore’s largest bank, too, has been granted one more branch licence in India, taking its network to two.

Under the CECA, both the governments have promised to open up the financial sector. Three Singapore banks are to be allowed to open 15 branches in India, while three Indian banks will be given the QFB status.

However, not a single Indian bank has yet got the QFB status as MAS has been insisting on “ratings” of Indian banks as a precondition to offer the status even though the treaty does not stipulate that.

MAS had taken an official stance that QFB licences could be given to those Indian banks that meet its “prudential requirements” and the CECA does not guarantee automatic entry. The insistence on prudential requirements is in conformity with the general principle under WTO and other free trade agreements (FTAs). Singapore has 10 FTAs in force.

[17/09/2007] Calls...

BEST BUY

PYRAMID SAIMIRA (BUY) 327 (Target1) 331.4 ( Target 2) 334 (Sl) 321

ROLTA (BUY) 440 (Target1) 444.7 ( Target 2) 449 (Sl) 431

ESS DEE (BUY) 492 (Target1) 498 ( Target 2) 502 (Sl) 484

Markets in firm mood; Sensex closes 109 points up

Ends day at 15,548 after touching intra-day high of 15,650, on strong interest at Reliance counter; Nifty up 32 points at 4,529



The benchmark Sensex surged by over 109 points on the Bombay Stock Exchange on 13 September, on buying by funds in heavy-weight stocks in oil and gas, banking and realty segment.
The 30-share index, which experienced two straight sessions of losses, rebounded to close with a gain of 109.08 points at 15,614.44. It touched the day’s high of 15,650.14 and a low of 15,547.66 points.
Similarly, the wide-based National Stock Exchange index Nifty rose by 32.10 points at 4,528.95, after touching a high of 4,540.60 and a low of 4498.05 points.
The index-heaviest Reliance Industries surged by Rs13.55 at Rs2,026.50 on favourable corporate reports, and lifted the oil and gas segment index by 6.35 points at 11,924.63.
Realty index, led by Unitech Ltd, recorded the maximum gain with a 205.52 point surge at 7,847.86, followed by banking index by 102.17 points at 8,081.94. Bank scrips rose on expectation that the US Federal Reserve might cut interest rates next week.
The PSU index rose by 73.03 points at 7,396.63, auto sector index by 63.56 points at 4,939.34, capital goods index by 59.70 points at 13,723.88, IT index by 38.59 points at 4,482.57 and technology index by 22.14 points at 3,562.58.
Mid-morning
Mumbai: The benchmark Sensex recovered by over 97 points in early trade on the Bombay Stock Exchange on 13 September on revival of buying by funds encouraged by firm global trend.
The 30-share Sensex, which shed nearly 30 points at previous day’s closing, bounce by 97.29 points to touch 15,602.65 points in the first five minutes of trade on buying in reality and banking stocks.
BSE reality index shot by over 2% lead by stocks of Unitech Ltd.
Similarly, wide-base National Stock Exchanges’ Nifty rose by 19.95 points at 4,524.80 points.
Market sentiment turned bullish on heavy buying in fundamentally strong shares available at lower level amid firming trend in the global markets.

Sensex scores a ton

BSE 30-share benchmark Sensex gained 109 points to close at 15614. NSE Nifty ended 32 points higher to close at 4528.

Finally, bulls managed to find some direction after struggling for trend in previous trading sessions. The Realty and IT stocks led from the front. Others like Auto and banking followed suit. Further, rise in India’s six key industrial production coupled with positive close in markets across Asia provided vital support. India’s July production at six key industries rose 6.3%



Realty stocks were in momentum after inclusion of construction major Unitech in Nifty-50 on 5th October. IT stocks were in limelight on back of value buying in this sector.



The BSE 30-share benchmark Sensex gained 109 points to close at 15,620 hitting an intra-day high of 15,650 and a low of 15547. NSE Nifty ended 32 points higher to close at 4,528 touching an intra-day high of 4,540 and low of 4,498.



All Reliance group stocks hit the 52-week high levels except for Reliance Communication. Others like RIL, RNRL, REL, Reliance Capital and RPL were at the roof top. REL edged lower by 0.5% at Rs890; Reliance Capital surged by 5.5% to Rs14,000, Reliance Industries gained by 1% to Rs2027, RNRL gained 1.1% to Rs51 and RPL added 0.4% to Rs130.



Dr Reddy’s Lab slipped 1% to Rs641. The company announced that they have received USFDA approval for Ranitidine (Zantac). The scrip touched an intra-day high of Rs653 and a low of Rs639 and recorded volumes of over 1,00,000 shares on NSE.



Western India Shipyard was locked at 5% upper circuit to Rs18.90 after the company announced that it approved revival plan with ABG Shipyard. The scrip touched an intra-day high of Rs18.90 and a low of Rs18.90 and recorded volumes of over 1,00,000 shares on NSE.



Lupin gained by 2.5% to Rs610 after the company announced that they have won Ramipril product patent challenge at Federal circuit. The scrip touched an intra-day high of Rs615 and a low of Rs599 and recorded volumes of over 1,00,000 shares on NSE.



BPCL gained by 0.2% to Rs310 after the oil refiner and Videocon Industries Ltd would acquire stake in a Brazilian oil exploration company owned by Canada's EnCana Corp. The scrip touched an intra-day high of Rs316 and a low of Rs306 and recorded volumes of over 2,00,000 shares on NSE.



Banking stocks were in limelight after RBI’s Deputy Governor Leeladhar said that Indian Banks are not affected by US subprime. SBI gained by 3% to Rs1674, HDFC Bank advanced by 2.6% to Rs1213. However, ICICI Bank pared gains on back of profit booking. The scrip was down 0.2% at Rs884.



Realty stocks ended firm on back of gains in Unitech, which surged by over 7% to Rs280 after The National Stock Exchange (NSE) stated it would replace IPCL in the NIFTY with Unitech. This would be with effect from October 5. Mahindra Gesco edged higher by 7% to Rs563 and Parsvnath gained 1% to Rs322.



IT stocks were back in action after being on the side lines. Satyam Computer gained by 1.6% to Rs434, Wipro was up by 1% at Rs456, Infosys advanced by 1% to Rs1834 and Tech Mahindra surged by 2.1% to Rs1309.

calls for 13th

BUY

Selan sl 136.7--172.80--146.50

Unitech sl 259 tr 267--271.50

SRF sl 145.50 tr 151.50--154.35

RCF sl 54.20 tr 56--57.10

Triveni sl 86.40 tr 88.40--91.95

PTC sl 85.90--tr 89.20--91.40

HOCL sl 58.25--62--63.50

HTMTGlobal sl 412 tr 428--435

HindujaTMT sl 463 tr 585--500

ADSL sl 347 tr 360.8--371

BATA sl 174.80 tr 181.95--185.90

GNFC sl 142.25 tr 147.20--150


keep close watch on.. Advanta, Indiainfoline, Everon, Hindoilexp, ICRA, Naukri, REL, RELCAP, JPASSO

SELL ( HIGHLY RISKY)

HDIL sell near 580 sl 587 tr 572--566

Hanung sell near 167 sl 171 tr 164--161

IFB Agro sl 118 tr 114-111

Bulls stage a comeback

The BSE 30-share benchmark Sensex gained 6 points to close at 15596. NSE Nifty ended flat at 4507.

After opening in deep red, markets bounced back. Bulls staged a smart comeback as Sensex recovered nearly 250 points and Nifty ended above the 4500mark recovering over 50 points from days low. Buying interest in Index heavyweights like Reliance Industries, ITC and SBI provided support to the key indices. Also positive opening from the European markets and recovery in the Hang Seng index in Asia lifted the sentiments.



All the key sectoral indices ended in green except for the IT sectors as strengthening rupee dragged the IT stocks lower. Even the Mid-Cap and the Smallcap stocks participated in the recovery.



Finally, BSE 30-share benchmark Sensex gained 6 points to close at 15596 hitting an intra-day high of 15626 and a low of 15363. NSE Nifty ended flat at 4507 touching an intra-day high of 4515 and low of 4452.



Bharti Airtel gained by 0.6% to Rs853 after the company secured license from Singapore to offer Global Connectivity. The scrip touched an intra-day high of Rs857 and a low of Rs835 and recorded volumes of over 6,00,000 shares on NSE.



Reliance Communication marginally slipped 0.3% to Rs543. The company announced that they have started blackberry Service in India. The scrip touched an intra-day high of Rs545 and a low of Rs534 and recorded volumes of over 26,00,000 shares on NSE.



Satyam Computer slipped by 1.5% to Rs442. The company announced that they would expand market in Europe and Asia Pacific. The scrip touched an intra-day high of Rs452 and a low of Rs438 and recorded volumes of over 25,00,000 shares on NSE.



Gammon India plunged over 8% to Rs420 after reports stated that a bridge collapsed in Hyderabad. Gammon India was the contractor of the bridge that crumbled. The scrip touched an intra-day high of Rs449 and a low of Rs402 and recorded volumes of over 20,00, 000 shares on NSE.



FMCG stocks ended higher led by gains in the index heavyweight, ITC advanced nearly by 4% to Rs184, Tata Tea was up by 2% to Rs775, McDowell gained 2.5% to Rs1581 and Nirma added 0.3% to Rs165.



Banking stocks also managed to stage a come back led by gains in the index heavyweights like SBI, the scrip was up by 1.3% to Rs1640, PNB gained by 0.8% to Rs493 and Union Bank added 1.1% to Rs147. However, ICICI Bank slipped by 1% to Rs910.



IT stocks were on the receiving end as Indian rupee yet again strengthened against the USD Satyam Computer slipped by 1.6% to Rs442, Wipro was down by 2.7% to Rs465, TCS slipped by 2.7% to Rs1047 and Infosys lost 2% to Rs1871.

[07/09/2007] Calls...

SUGAR STOCKS TO BE IN LIMELIGHT BUY FOR 3-5 % GAINS IN SHORT TERM

BEST BUY

PATNI COMP (BUY) 483 (Target1) 488 ( Target 2) 493 (Sl) 471 [BOTH TARGET ACHIEVED]

CUMMINS (BUY) 400 (Target1) 403.8 ( Target 2) 408 (Sl) 391 [ TARGET 1 ACHIEVED]

GITANJALI (BUY) 300 (Target1) 304 ( Target 2) 307 (Sl) 293 [ TARGET 1 ACHIEVED]

[07/09/2007] Calls...

SUGAR STOCKS TO BE IN LIMELIGHT BUY FOR 3-5 % GAINS IN SHORT TERM

BEST BUY

PATNI COMP (BUY) 483 (Target1) 488 ( Target 2) 493 (Sl) 471

CUMMINS (BUY) 400 (Target1) 403.8 ( Target 2) 408 (Sl) 391

GITANJALI (BUY) 300 (Target1) 304 ( Target 2) 307 (Sl) 293

[04/09/2007] Calls...

BEST BUY

SAIL (BUY) 165.5 (Target1) 169 ( Target 2) 171 (Sl) 162

PARSVNATH (BUY) 310 (Target1) 314 ( Target 2) 318 (Sl) 304 [ACHIEVED]

JUPITER BIO (BUY) 188 (Target1) 191 ( Target 2) 195 (Sl) 184 [ACHIEVED]

Market Forecast for 04.09.07

The market opened positive but remained volatile throughout the day. The market seems to be tired and a further upmove can be seen in the coming days to come. I advise all traders to kindly book profits in every rise. However, positional buyers can stay long above 4385.


Today, market may open flat or positive with gap up attached with high volatility and remain long only above 4475 with SL 4460 for a tgt of 4495-4515. If it remains below 4475 keep short with SL 4490 for tgt 4450-4435. dont short blindly. Play with the mood of the market and mint money, Happy investing

[03/09/07] Calls...

BEST BUY

GMR INFRA (BUY) 810 (Target1) 818 ( Target 2) 825 (Sl) 796

PARSVNATH (BUY) 303.5 (Target1) 309 ( Target 2) 313 (Sl) 296

HFCL (BUY) 20.6 (Target1) 21.25 ( Target 2) 21.80 (Sl) 19

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Intraday calls for 31 Aug

BEST BUY

BANK OF INDIA (BUY) 238.45 (Target1) 241 ( Target 2) 244 (Sl) 232

MOSER BAER (BUY) 306 (Target1) 309 ( Target 2) 313 (Sl) 299

INDIABULS REAL EST (BUY) 472 (Target1) 477 ( Target 2) 482 (Sl) 459

GIPCL to set up two lignite-based power plants

Gujarat Industries Power Co Ltd (GIPCL) is proposing to expand its lignite-fired power generating capacity with an investment of Rs 1300 crore by installing two units of 250 MW each.

The estimated investment covers the plants at Nani Naroli, a small village about 45 km from Surat in south Gujarat, and lignite mine expansion.

Company sources said the project would be financed by debt and internal accruals. While the debt portion would be around 70 per cent, about Rs 400 crore would come from internal accruals.

The Vadodara-based company already has two 125 MW units of lignite-fired power plants in Nani Naroli. Bharat Heavy Electricals Ltd (BHEL) is executing two more units, both of which are to be completed by 2008.

For the new expansion project, the company had invited technical bids for the EPC contractor. The last date for submission of the bids was Aug 16.

The additional units of 250 MW will use the eco-friendly circulating fluidised bed combustion (CFBC) steam generators technology. The company has the option to up the installed capacity by 20 percent taking advantage of the new facility.

GIPCL was promoted by Gujarat Urja Vikas Nigam Ltd (GUVNL - erstwhile Gujarat Electricity Board), Gujarat State Fertilizers and Chemicals Ltd (GSFC), Gujarat Alkalies and Chemicals Ltd (GACL) and Petrofils Cooperatives Ltd.

It commissioned its first power project, a 145 MW gas-based combined cycle power plant, in February 1992 at Vadodara. Power from this plant is distributed to its promoters in proportion to their original equity holding.

The company expanded its capacity and commissioned a 160 MW naphtha and gas-based combined cycle power plant here in November 1997 as independent power producer (IPP) with a power purchase agreement (PPA) with GUVNL. Later it commissioned the 250 MW lignite-based power plant

[30/08/2007] Calls...

BEST BUY

GMR INFRA (BUY) 829 (Target1) 836 ( Target 2) 845 (Sl) 809

JUPIER BIO (BUY) 179 (Target1) 183 ( Target 2) 185 (Sl) 172

CINEMAX IND (BUY) 137 (Target1) 140 ( Target 2) 144 (Sl) 131

Ashok Leyland, Nissan form partnership

Ashok Leyland Ltd and Nissan Motor Co have formed a partnership to make light commercial vehicles, the two companies said on Wednesday.

The companies would form three ventures for vehicle manufacture, powertrain manufacture and technology development, they said in a joint statement.

The vehicle manufacturing venture will be majority-owned by Ashok Leyland and have an annual production capacity of more than 1,00,000 units in India, it said

DLF buys 25-acres in Hyderabad for Rs 450cr

DLF, the country's biggest realty firm, has bagged a deal to acquire
25 acres of land in Hyderabad from the state government for about Rs
450 crore.

The company is buying a 25-acre plot from the Andhra Pradesh
government at a rate of Rs 18.11 crore per acre, which means the total
cost is around Rs 452.75 crore. The land would be used for developing
IT premises, Rajeev Talwar, executive director, DLF told PTI here.

The deal comes days after the Delhi-based company agreed to buy 38
acre in the national capital for Rs 1,675 crore in the country's
biggest land deal.