Happy Deepawali......!!

Celebrate the triumph of Goodness over evil. May this bright day bless you with health, wealth and prosperity.

 Happy Diwali.

--
Thanks & Regards
Narendra Yadav

Daily trading tips

Market Outlook

Yesterday after a range bound move in early trading session, S&P CNX Nifty witnessed short covering and finally at the end of the day closed at 5080 levels. If S&P CNX Nifty sustains above 5150-5160 levels then further up move may be seen in the market towards 5200 levels. On downside if it falls below 5080 levels then only selling pressure may get intense in the market and we may test 5050-5020 levels. We have seen that 4980-5000 levels has been working as a strong support for the market so till the time it sustains those levels we are in safe zone.

 

ASHOK LEYLAND

Execution Price Range Stop Loss Target

Buy Between Rs 62 to 64 60 69

 

AXISBANK

Execution Price Range Stop Loss Target

Buy Between Rs 1242 to 1256 1227 1297

 

IFCI

Execution Price Range Stop Loss Target

Buy Between Rs 54 to 56 52 61

Daily Market Tips

Market Outlook

Yesterday our market opened gap down as taking cues from week global markets and S&P CNX Nifty finally closed below psychological 5000 levels. In view of mixed global markets, today our market may see flattish opening and move in a range bound manner. If S&P CNX Nifty falls below 4950 levels then further selling pressure may get intense in the market and we may test 4920-4900 levels. On upside if it sustains above 5000 levels then only further up move may be seen in the market towards 5040-5060 (which is a strong medium term resistance for the market) levels. We would advise to keep the position light and remain cautious in the market at higher levels as global markets are weighing heavy on domestic indices.

 

ADITYA BIRLA NUVO (ABIRLANUVO)

Execution Price Range Stop Loss Target

Buy Between Rs 737 to 747 731 768

 

PUNJAB NATIONAL BANK (PNB)

Execution Price Range Stop Loss Target

Buy Between Rs 995 to 1008 985 1035

 

CUMMIND IND

Execution Price Range Stop Loss Target

Buy Between Rs 560 to 570 554 586

Trading Tips

Market Outlook

Yesterday our market opened gap down as taking cues from week global markets, S&P CNX Nifty took support around psychological 5000 levels but finally closed in negative with the loss of around 100 points. In view of mixed global markets, today our market may see flattish opening and move in a range bound manner. If S&P CNX Nifty falls below psychological 5000 levels then selling pressure may get intense in the market and we may test 4980-4950 levels. On upside if it sustains above 5050-5060 levels with volume support then only further up move may be seen in the market towards 5080-5100 levels. We would advise to keep the position light and remain cautious in the market at higher levels as global markets are weighing heavy on domestic indices.

 

ANDHRABANK

Execution Price Range Stop Loss Target

Buy Between Rs 135 to 138 133 145

 

TECHM

Execution Price Range Stop Loss Target

Buy Between Rs 700 to 710 689 740

 

SYNDICATE BANK

Execution Price Range Stop Loss Target

Buy Between Rs 93.50 to 95.50 92 101

Momentum Pick - Welspun Corp

 

Welspun Corp

CMP 225/-

 

Investment Rationale

Welspun Corp Limited is part of the $ 1.5 billion Welspun Group and is Asia's (X-Japan) largest high grade SAW pipe manufacturer with the one stop solution for all kind of transportation pipes. It manufactures LSAW, HSAW and ERW pipes and is also having coating facilities at its plant located in Anjar and Dahej in Gujarat.  Welspun is integrated backard as it has 1.5 mn. tpa. 'Plate cum Coil Mill' at Anjar in Gujarat.

 

Welspun had an order book of over Rs66 bn and is expected to grow as the global capex cycle picks up in coming quarters.

 

Recommendation:

 

The capacity ramp up and backward integration will lead to better earnings outlook for the company. Stronger order book is providing better earnings visibility.

We look forward to price target of Rs 260-270 in medium term, BUY.

 

Daily market Tips

Market Outlook

In the view of negative global markets, today our market may see gap down opening and may witness a minor pullback at lower levels. If S&P CNX Nifty falls below psychological 5000 levels then selling pressure may get intense in the market and we may test 4980-4950 levels. On upside if it sustains above 5050 levels with volume support then only further up move may be seen in the market towards 5080-5100 levels. We would advise to keep the position light and remain cautious in the market at higher levels as global markets are weighing heavy on domestic indices.

TATAMOTORS

Execution Price Range Stop Loss Target

Buy Between Rs 735 to 750 720 788

 

INFOSYSTCH

Execution Price Range Stop Loss Target

Buy Between Rs 2685 to 2705 2670 2745

 

ICICIBANK

Execution Price Range Stop Loss Target

Buy Between Rs 835 to 848 823 882

Daily Trading Tips

Market Outlook

In the continuation of flat global markets, today our market may open steady and move in a range bound manner. If S&P CNX Nifty sustains above 5100 levels with volume support then only further up move may be seen in the market towards 5140- 5160 (which is a crucial medium term resistance for the market) levels. On downside if it falls below 5050 levels then selling pressure may get intense in the market and we may test 5020-5000 levels.

 

JSWSTEEL

Execution Price Range Stop Loss Target

Sell Between Rs 1070 to 1085 1095 1040

 

BIOCON

Execution Price Range Stop Loss Target

Buy Between Rs 288 to 292 286 299

 

ADANI ENTERPRISE

Execution Price Range Stop Loss Target

Buy Between Rs 540 to 550 535 565

Daily trading tips

Market Outlook

Yesterday S&P CNX Nifty moved in a narrow range in early trading session then witnessed up move led by short covering and closed above 5000 levels. In the continuation of positive global markets, today our market may open positive and move in a range bound manner. If S&P CNX Nifty sustains above an important resistance of 5080 levels then only further up move may be seen in the market towards 5110-5130 levels. On downside if it falls below 5020-5000 levels then only selling pressure may get intense in the market.

 

RELINFRA

Execution Price Range Stop Loss Target

Buy Between Rs 1074 to 1092 1065 1124

 

TECHM

Execution Price Range Stop Loss Target

Buy Between Rs 663 to 673 658 690

 

ASHOKLEY

Execution Price Range Stop Loss Target

Buy Between Rs 59.50 to 61.50 58 66

Daily Trading Tips

Market Outlook

After a four day's pullback rally, yesterday S&P CNX Nifty witnessed sustained selling pressure across the board and closed below 5000 levels. In the continuation of mixed global markets, today our market may open steady and witness selling pressure at higher levels. If S&P CNX Nifty falls below 4920 levels then selling pressure may get intense and we may test 4880-4850 levels. On upside if it sustains above 5000 levels then only further up move may be seen in the market towards 5050-5080 levels.

JINDAL STEEL POWER

Execution Price Range Stop Loss Target

Sell Between Rs 635 to 645 654 612

AXIS BANK

Execution Price Range Stop Loss Target

Sell Between Rs 1185 to 1200 1216 1144

ICICIBANK

Execution Price Range Stop Loss

Sell Between Rs 840 to 850 858 818

Daily Market Tips

Market Outlook

Yesterday after a positive opening S&P CNX Nifty witnessed sharp up move led by short covering and moved up till 5015 levels and finally closed above 200 DMA and psychological 5000 levels. In the view of positive global markets, today our market may open positive and move in a range bound manner. If S&P CNX Nifty sustains above 5080 levels then only further up move may be seen in the market towards 5120-5150 levels. On downside if it falls below 5000 levels, then again selling pressure may be seen and we may test 4980-4950 levels.

IDBI

Execution Price Range Stop Loss Target

Buy Between Rs 108 to 112 106 119

 

ANDHRA BANK

Execution Price Range Stop Loss Target

Buy Between Rs 128 to 131 126 137

 

SYNDICATE BANK

Execution Price Range Stop Loss Target

Buy Between Rs 86 to 89 84.50 94

Daily Market Tips

Market Outlook

Yesterday after a positive opening S&P CNX Nifty witnessed up move led by short covering and moved up till 4925 levels. In the view of mixed global markets, today our market may open steady and move in a range bound manner. If S&P CNX Nifty falls below 4870 levels, then again selling pressure may be experienced and we may test 4850-4820 levels. On upside if it stays above 4930 levels then only further up move may be seen in the market towards 4950-4980 levels. Market is likely to remain highly volatile ahead of May month F&O expiry.

 

ASHOKLEYLAND

Execution Price Range Stop Loss Target

Buy Between Rs 57 to 59 56 63

 

INFOSYSTCH

Execution Price Range Stop Loss Target

Buy Between Rs 2590 to 2605 2580 2635

 

ICICIBANK

Execution Price Range Stop Loss Target

Buy Between Rs 835 to 845 825 872

Investment Idea - Astec Lifesciences

Astec Lifesciences

CMP 57.5

 

Astec Life sciences is engaged in manufacturing and sale of intermediates, active ingredients and formulations in the off patent [generics] category, with main focus on agrochemical [85%] and rest from Pharma segment. It is having full backward integration for its key products, which helps in maintaining better control over costs. It has a strong and experienced management team.

 

Company is working on contract manufacturing basis and is in negotiations with a couple of large players for long term contracts for its products. It is expected to clinch sizeable deals - which can lead to significant upside in revenue generation from FY 11 onwards.

 

Increasing registration activities indicates that the company likely to get increasing business from global players,  particularly in regulated markets, which will boost margins. Currently Astec has pipeline of 70 registrations in 30 countries. With its strong R&D, it is targeting more & more registrations across the world.

 

Astec has good clientele network domestically and internationally with world's top 20 agrochemicals companies which gives them the opportunity to expand their product portfolio based on their demands.  [Domestic clients include Syngenta India, Indofil chemicals, Atul Ltd, Krishi rasayan exports and international clientele includes Irvita  Plant Protection, Nufarm UK ltd, An Nong Co., handelsgesellschaft, Detlef Von Appen etc.]

 

The company is doing extremely well and has reported around Rs 8 EPS in FY 10, while estimates for FY 11 EPS are much better around Rs 12. Looking to this, this quality stock, available at below 5X of FY11 earnings appears good for investment. BUY with target of Rs 80 in 3-4 months.

 

[Company came out with IPO in Nov.'09 at Rs 82/-, so one is buying stock at below IPO price and thus will get better returns in shorter period compared to original allottees.]

 

Daily trading Tips

Market Outlook

In the continuation of weak global market, today our market may open gap down and may witness selling pressure on rise. S&P CNX Nifty is trading below psychological 5000 levels and 200 DMA (Day moving average) which also indicates the cautious sign in the market. If S&P CNX Nifty falls below 4850 levels, then aggravate selling pressure may be experienced and we may test 4820-4800 levels. On upside if it stays above 4900 levels then only a pull back may be seen led by short covering in the market towards 4950-4980 levels. Caution is advised in the market as global cues are weighing heavy on our markets, any further pressure on global indices may put our market to lower levels.

 

HINDUNILVR

Execution Price Range Stop Loss Target

Buy Between Rs 233 to 237 230 246

 

CIPLA

Execution Price Range Stop Loss Target

Buy Between Rs 312 to 317 309 327

 

IDFC

Execution Price Range Stop Loss Target

Sell Between Rs 152 to 156 158 145

Daily trading Tips

Market Outlook

In the continuation of flat global markets, today our market may open steady and likely to move in a range bound manner. If S&P CNX Nifty sustains above 5200 levels then it may move up further towards 5230-5250 levels. On downside if it falls below 5150 levels, then again selling pressure may be experienced and we may test 5120- 5100 levels.

CROMPGREAV (CROMPTON GRREAVES)

Execution Price Range Stop Loss Target

Buy Between Rs 245 to 250 243 258

 

ACC

Execution Price Range Stop Loss Target

Buy Between Rs 883 to 893 875 915

 

SESAGOA

Execution Price Range Stop Loss Target

Sell Between Rs 395 to 400 406 380

Result Update - Uflex....Strong Buy.

UFLEX

CMP 117/-

 

RESULTS UPDATE:

 

For Y/E March'10, company reported consolidated earnings of Rs 29, which is discounting this historical earnings by just 4X. Though earnings were below our expectations, it may be due to higher interest & depreciation charges due to new capacities coming in to operations, as well due to higher pre-operation expenses [as polyester film plants takes longer time to stabilize].   

 

·         Uflex is unique kind of Flexible packaging giant in India, with full integration, capturing margins across the value chain - from Film making to converting in to packaging material and final packing of variety of FMCG products.

·         FMCG products - particularly daily consumable food and utility items are not affected by any recession or slowdown and hence Uflex's business is also recession proof as it caters to this segment of economy.

·         The small unorganized players are far behind in integration and hence they are not able to pose any meaningful threat to its business. Rather due to size, integrated operations and better quality, company gets orders from larger clients and thus offers better earnings visibility.

·         The new capacities commissioned in Mexico will add to top line and bottom line from current FY, similarly Egypt facilities will add only partially this year and full from next FY. Once these new facilities are stabilized and reach full contribution stage, the turnover of company may double in couple of years from now.

·         So growth potential is immense and this along with recession proof nature of business, deserves a much better discounting for company from current historical 4X.

·         The stock valuations are dam cheap now and we think, this should improve substantially from 4X historical to 8X forward, which gives us target of Rs 320 in 12-18 months. But conservatively we look forward to a target of at least Rs 220 in next 12 months.

Daily trading tips

Market Outlook

In view of mixed global markets, today our market may open steady and move in a range bound manner. If S&P CNX Nifty sustains above 5150 levels then it may move up further towards 5180-5200 levels. On downside if it falls below 5120 levels, then again selling pressure may be experienced and we may test 5080-5050 levels.

JSWSTEEL

Execution Price Range Stop Loss Target

Sell Between Rs 1205 to 1220 1230 1175

 

RANBAXY

Execution Price Range Stop Loss Target

Buy Between Rs 452 to 460 448 472

 

MCLEOD RUSSEL

Execution Price Range Stop Loss Target

Buy Between Rs 218 to 221 216 227

Daily market tips

Market Outlook

Yesterday after a gap up opening, S&P CNX Nifty recovered smartly led by short covering and finally at the end of day closed near day's high 5200 levels, following the better global cues. In continuation of recovery in domestic as well as global markets our market may open steady and may witness buying interest at every dip. If S&P CNX Nifty sustains above 5230 levels then, it may move up further towards 5250-5280 levels. On downside if Nifty falls below 5180 levels then again selling pressure may be experienced and we may test 5160-5130 levels.

M&M (MAHINDARA & MAHINDARA)

Execution Price Range Stop Loss Target

Buy Between Rs 545 to 555 540 571

 

ICICIBANK

Execution Price Range Stop Loss Target

Buy Between Rs 915 to 925 905 950

 

TATAMOTORS

Execution Price Range Stop Loss Target

Buy Between Rs 807 to 817 798 840

Daily market tips

Market Outlook

Yesterday after a gap down opening S&P CNX Nifty moved in a narrow range of 5060 to 5100 levels in early trading session, then witnessed recovery till 5130 levels and closed at day's high levels. In continuation of weak global markets today our market may open negative and move in range bound manner. If Nifty falls below 5080 levels then again selling pressure may be experienced and we may test 5050-5020 levels. On upside if it moves above 5160 (which is a major resistance for the market) levels, then only a pullback may be seen till 5180-5200 levels.

INFOSYSTCH

Execution Price Range Stop Loss Target

Buy Between Rs 2680 to 2695 2668 2730

 

CIPLA

Execution Price Range Stop Loss Target

Buy Between Rs 331 to 335 328 343

 

LT (LARESEN TOUBRO)

Execution Price Range Stop Loss Target

Sell Between Rs 1535 to 1545 1560 1500

 

Daily Trading Tips

Market Outlook
Our market continuous to be range bound and may open flat to positive
in the morning session. If S&P CNX Nifty sustains above 5280 levels,
then we may test 5310-5340 levels. On downside if it goes below 5230
levels, then further selling pressure may be experienced and we may
test 5200-5180 levels. Nifty has a strong medium term support around
5160 levels, till the time our market sustains above this level we may
see a positive to range bound move in coming days. If it falls below
5160 levels then only a steep fall may be expected in the market.

POLARIS
Execution Price Range Stop Loss Target
Buy Between Rs 182 To 186 180 192

ICICIBANK
Execution Price Range Stop Loss
Target
Buy Between Rs 940 to 950 930 975

IDBI
Execution Price Range Stop Loss
Target
Buy Between Rs 120 to 123 118
129

Daily Trading tips

Market Outlook

Yesterday after a gap down opening our market witnessed sustained selling pressure till important support of 5200 levels and finally at the end of day closed near day's low levels. Our market continuous to be range bound and may open flat in the morning session but at higher levels in the absence of any positive trigger it may again witness selling pressure. If S&P CNX Nifty goes below 5200 levels, then further selling pressure may be experienced and we may test 5160 levels which is a strong medium term support. On upside if it sustains above 5280 levels, then only a pull back may be see in the market. We are advising to be cautious in the market as global cues are weighing high on our markets and any further pressure on global markets may put our market to lower levels.

 

LUPIN LABS

Execution Price Range                                  Stop Loss                Target

Buy Between Rs 1675 To 1685                      1668                         1705

 

NTPC

Execution Price Range                                    Stop Loss                 Target

Buy Between Rs 203 to 206                           200                             213

 

BPCL

Execution Price Range                                      Stop Loss                Target

Buy Between Rs 502 to 506                              496                               520

Investment Idea - Parekh Aluminex -UPDATE

Parekh Aluminex

CMP 161/-

Updated with new target 

.    Company manufacturers Aluminum foil containers & Rolls, which are used in hygienic food products packaging. Its facilities are fully automatic and meets health / safety standards of European nations.

·          With increasing awareness of masses about cleanliness and hygiene of food consumed during out of home situations, the demand for this kind of packaging is just zooming up.

·          Company is trebling it capacity at the cost of Rs 240 Crs, which is completing in April'10 and thus growth potential is huge in coming years.

·          Co. is also expanding the range of products to cater to the needs of different set of consumers and focusing on brand building, which will improve realizations and thus margins.

·          Company's fundamentals are quite robust, with estimated EPS for current year, over Rs 37-38/- and Cash EPS 55-56. With present BV of Rs 205, and estimated BV of Rs 240 after March'10 results.

The expansion of Rs 240 Crs which is almost complete was funded earlier in 2007-08. At that time company raised about Rs 125 Crs through QIP route [placement to select institutional investors in Jan'08 at Rs 225 to 260 around]. So whereas most of the equity dilution has already happened, the fruits of this mega expansion [which will triple the capacity] will be visible from 2010-11.

The management confidence in outlook of company is visible from sustained rise in promoter's holding from 28.96% in March 09 to around 37% as of today. [after latest 3.09% stake acquisition in April'10].

Further even at current price you are getting shares at about Rs 100/- lower then QIP investors, who bought in Jan'08.

Looking to the robust demand of these products, significant ramp up in capacities and strong fundamentals, the valuations are looking too attractive. We renew our buying recommendation [earlier at Rs 88/- in May'09] with revised target of Rs 225 in next 3-4 months [earlier target was Rs 180/-] BUY.

Daily Trading Tips

Market Outlook

Yesterday after a positive opening, our market witnesses sustained selling pressure and finally at the end of day closed below important support of 5280 levels. If S&P CNX Nifty sustains below 5250 levels, then further selling pressure may get intensified in the market and we may see profit booking towards 5200-5180 levels. But for any reason if it sustains above 5350 levels, then further buying interest may be seen in the market towards 5380-5400 levels

L&T (LARSEN & TOUBRO)

Execution Price Range                              Stop Loss                   Target

Sell Between Rs 1570 To 1585                      1600                        1530

SBIN (STATE BANK OF INDIA)

Execution Price Range                              Stop Loss                  Target

Sell Between Rs 2050 to 2070                      2080                        2015

RELCAPITAL

Execution Price Range                           Stop Loss                     Target

Sell Between Rs 765 to 775                        785                              735

Daily Trading Tips

Market Outlook

In view of positive global markets, today our market may open positive and move in a range bound manner. If S&P CNX Nifty sustains above 5380 levels with volumes pick up, then further buying interest may be seen in the market towards 5410-5430 levels. On downside if it falls below 5340 levels then selling pressure may get intensified in the market and we may see profit booking towards 5300 levels.

CENTURYTEX

Execution Price Range                              Stop Loss                   Target

Buy Between Rs 546 To 552                         539                           572

TCS

Execution Price Range                             Stop Loss                     Target

Buy Between Rs 816 to 824                       809                                 845

MUNDRA PORT & SEZ

Execution Price Range                            Stop Loss                        Target

Buy Between Rs 754 to 761                        747                               780

Daily trading Tips

Market Outlook

In view of mixed global markets, today our market may open flat and move in a range bound manner. If S&P CNX Nifty sustains above 5400 levels with significant volumes pick up, then we may see an up move towards 5450-5480 levels. On downside if it falls below 5320 levels then selling pressure may get intensified in the market and we may see profit booking towards 5280-5250 levels.

BHEL

Execution Price Range                   Stop Loss              Target

Buy Between Rs 2555 To 2570          2535                     2620

INFOSYSTCH

Execution Price Range                   Stop Loss                Target

Buy Between Rs 2665 to 2680          2655                      2715

ABB

Execution Price Range                      Stop Loss              Target

Buy Between Rs 840 to 850                834                      870

---

The battle for the FIH Hockey World Cup Drag n' drop

Daily Trading Tips

Market Outlook

In view of negative global market, today our market may open flat to negative and witness selling pressure at higher levels. If S&P CNX Nifty sustains below 5340 levels then selling pressure may get intensified and we may see profit booking towards 5280-5250 levels, but if Nifty future sustains above 5380 levels with significant volumes pick up, then only we may see a up move towards 5400-5430 levels. Shortterm investors are advised to remain light and avoid over-leveraged positions as indices are weakening from 2-year highs with volumes, so if further selling pressure comes then a possibility of 5-7% correction could not be ruled out in the market.

MARUTI

Execution Price Range                          Stop Loss                Target

Sell Between Rs 1380 To 1395                1405                      1350

LITL (LANCO INFRATECH)

Execution Price Range                          Stop Loss                Target

Sell Between Rs 54 to 56                           57                           50

JINDALSTEEL

Execution Price Range                        Stop Loss                   Target

Sell Between Rs 706 to 715                      721                          685

Daily Trading Tips

Market Outlook

Yesterday our market consolidated in a narrow range and finally at the end of day closed flat. In view of better global market, today our market may open positive and move in a range bound manner. Nifty future which is trading near two years high levels, if now holds these gains and moves up with significant volumes pick up then we may see 5450-5500 levels in coming days. Whereas on downside if it fails to hold the gain or sustains below 5300 levels then selling pressure may get intensified and we may see a profit booking towards 5250-5200 levels.

MARUTI

Execution Price Range                      Stop Loss                  Target

Sell Between Rs 1380 To 1395            1405                         1350

UNIPHOS (UNITED PHOSPHOROUS)

Execution Price Range                      Stop Loss                     Target

Buy Between Rs 152 to 155                  150                            163

M&M (MAHINDRA & MAHINDRA)

Execution Price Range                        Stop Loss                    Target

Sell Between Rs 538 to 548                  555                                 517

Daily Trading Tips

Market Outlook

Yesterday after a consolidation in early trading session Nifty moved up to around 5380 levels and finally closed near day's high levels. In view of positive global market and follow up buying interest, today our market may open positive. Nifty future which is trading two years high levels, if now holds these gains and move up with significant volumes then we may see 5450-5500 levels in coming days. Whereas on downside if it fails to hold the gain or sustains below 5300 levels then selling pressure may get intensified and we may see a profit booking towards 5250-5200 levels.

RELIANCE CAPITAL

Execution Price Range                   Stop Loss           Target

Buy Between Rs 775 To 790              765                   815

IDFC

Execution Price Range                 Stop Loss           Target

Buy Between Rs 162 to 164             160                     170

MCDOWELL-N

Execution Price Range                 Stop Loss                Target

Buy Between Rs 1365 to 1380           1355                   1410

Daily Trading Tips

Market Outlook

In view of positive global market, today our market may open positive. If Nifty future sustains above 5350 levels then a further up move may be seen in the market towards 5400-5430 levels whereas on downside if it fails to hold the gain or sustains below 5250 levels then selling pressure may get intensified and we may see a profit booking towards 5180-5150 levels which is a major medium term support for our market.

WIPRO

Execution Price Range            Stop Loss           Target

Buy Between Rs 715to 725          705                 755

CENTURY TEXTILE

Execution Price Range           Stop Loss             Target

Buy Between Rs 520 to 525      510                    550

JPASSOCIATE

Execution Price Range          Stop Loss               Target

Buy Between Rs 153 to 156        151                  162

---

The latest auto launches and test drives Drag n' drop

Daily Trading Tips

Market Outlook

In view of positive global market, today our market may open positive and move in a range bound manner in a range of 5250 to 5330 levels. If the S&P CNX Nifty sustains above 5330 levels then it may move up towards 5380-5400 levels whereas on downside if Nifty falls below 5250 levels then further selling pressure may get intensify and we may test 5180-5150 levels. Short-term investors are advised to remain light and avoid over-leveraged positions as indices are turning from 2-year highs with volumes so if further selling pressure comes then a possibility of 5-7% correction could not be ruled out in the market.

DRREDDY

Execution Price Range                 Stop Loss               Target

Buy Between Rs 1265 to 1278          1260                    1300

DIVISLAB

Execution Price Range                 Stop Loss               Target

Buy Between Rs 670 to 680              665                        700

TECH MAHINDARA

Execution Price Range                     Stop Loss             Target

Sell Between Rs 858 to 868               876                            833

Daily Trading Tips

Market Outlook

Yesterday after moving in a lackluster manner the index pared all its gains and witnessed profit booking in market and finally closed on a negative note. If the S&P CNX Nifty sustains above 5300 levels then it may move up towards 5350-5400 levels in coming days. On downside if Nifty falls below 5250 levels then further selling pressure may get intensify and we may test 5180-5150 levels. Short-term investors are advised to remain light and avoid over-leveraged positions as indices are turning from 2-year highs with volumes so if further selling pressure comes then a possibility of 5-7% correction could not be ruled out in the market.

TATASTEEL

Execution Price Range           Stop Loss             Target

Sell Between Rs 638 to 645         651                  620

ROLTA

Execution Price Range                Stop Loss            Target

Buy Between Rs 180 to 183        178                     190

TATA MOTORS

Execution Price Range                Stop Loss               Target

Buy Between Rs 748 to 758           740                       782

Intraday Trading Tips dt 30-03-10

Nifty Target and Stop loss			Over Bought
Lower Tgt 2	Lower Tgt 1	Pivot	Upper Tgt 1	Upper Tgt 2
5204.12	5253.48	5291.52	5340.88	5378.92
Note: -	1.If Bullish take only Long Position don't short.
	2.If Bearish take only Short Position don't long.

Intraday Buy Tips for	30-Mar-10
NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss	Target1 Percent
HINDALCO	180.10	190.00	195.85	174.30	5.50

Intraday Sale Tips for	30-Mar-10
NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss	Target1 Percent
INOXLEISUR	63.20	61.00	58.90	64.50	-3.48
NFL	97.20	94.00	90.35	99.50	-3.29
HINDOILEXP	230.20	224.10	217.20	234.00	-2.65
DABUR	162.50	158.50	154.10	164.80	-2.46
GDL	124.70	122.30	118.75	126.60	-1.92
ENIL	199.80	196.20	191.80	201.60	-1.80
SUNDRMFAST	51.10	50.20	48.85	51.70	-1.76

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Daily Trading Tips

Market Outlook

Positive global markets helped the indices hit new 52-week highs and ended above 5300 levels for the first time in last two years. We have to watch for a follow up buying to confirm this breakout (unless sustains with high volumes); if the S&P CNX Nifty sustains the positive gain then the Nifty can head towards 5400-5430 levels in coming days. On downside if Nifty falls below 5250 levels then selling pressure may get intensify and we may test 5180-5150 levels. Our markets are making new high but there is no strong follow up action, volumes are not much encouraging and market breath is negative so cautious approach is advising in the market at higher

levels.

JSWSTEEL

Execution Price Range                           Stop Loss                   Target

Sell Between Rs 1265 to 1275                   1285                         1235

SYNDICATE BANK

Execution Price Range                           Stop Loss                     Target

Buy Between Rs 85 to 87                         83                                  93

BHEL

Execution Price Range                             Stop Loss                        Target

Buy Between Rs 2380 to 2400                       2370                     2435

Intraday Trading Tips dt 26-03-2010

Intraday Sale Tips for	26-Mar-10
NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss	Target1 Percent
WSTCSTPAPR	58.70	56.40	54.30	60.00	-3.92
SAKHTISUG	61.20	58.90	56.75	62.60	-3.76
NFL	102.20	99.80	97.00	103.70	-2.35
NDTV	124.50	122.10	118.60	126.40	-1.93
CANFINHOME	80.30	78.80	76.80	81.20	-1.87
EKC	117.10	115.30	112.45	118.40	-1.54
ASAHIINDIA	59.20	58.40	57.20	59.60	-1.35
NIITLTD	59.50	58.70	57.40	60.00	-1.34

Nifty Target and Stop loss				Bearish
Lower Tgt 2	Lower Tgt 1	Pivot	Upper Tgt 1	Upper Tgt 2
5179.20	5219.80	5243.55	5284.15	5307.90

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Daily Trading Tips

Market Outlook

In view of flat to negative global markets, today our markets may also open steady and move in a range bound manner. If S&P CNX Nifty sustains above 5280 levels then further buying interest may be seen in the market and it may move up above recent 52 weeks high levels. On downside if Nifty falls below 5220 levels then only selling pressure may get intensify and we may test 5150-5120 levels in coming days.

HCL TECH

Execution Price Range                         Stop Loss               Target

Buy Between Rs 369 to 374                     367                        381

STERLITE IND

Execution Price Range                         Stop Loss                   Target

Buy Between Rs 814 to 824                   809                           840

IDFC

Execution Price Range                         Stop Loss                  Target

Buy Between Rs 156 to 159                   154                                 165

Daily Trading Tips

Market Outlook

In view of flat to negative global markets, today our markets may also open steady and move in a range bound manner looking to last day of Derivatives settlement. If S&P CNX Nifty falls below 5180 levels then selling pressure may get intensify and we may test 5100-5080 levels, which is a major support for the market. On upside if S&P CNX Nifty sustains above 5250 levels then further buying interest may be seen in the market towards 5300 levels.

DLF

Execution Price Range                     Stop Loss                     Target

Sell Between Rs 295 to 299                  302                              287

RANBAXY

Execution Price Range                       Stop Loss                       Target

Buy Between Rs 467 to 473                     462                         490

MCDOWELL-N (UNITED SPIRIT)

Execution Price Range                        Stop Loss                      Target

Buy Between Rs 1340 to 1360              1330                             1395

Intraday Trading Tips dt 25-03-10

Intraday Buy Tips for	25-Mar-10
NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss	Target1 Percent
SREINTFIN	74.10	77.30	79.40	72.00	4.32
RAJESHEXPO	104.80	108.95	111.55	102.20	3.96
KIRLOSOIL	173.40	178.70	182.00	170.10	3.06
PETRONET	78.60	80.60	81.85	77.40	2.54

Intraday Sale Tips for	25-Mar-10
NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss	Target1 Percent
SAKHTISUG	61.40	59.60	57.75	62.40	-2.93
RENUKA	73.40	71.50	69.50	74.40	-2.59
PSL	140.50	137.30	133.65	142.30	-2.28
ORCHIDCHEM	154.10	151.60	147.60	156.00	-1.62
RCF	82.30	81.00	79.05	83.10	-1.58
NFL	104.50	103.20	100.85	105.40	-1.24
NIRMA	171.20	169.30	165.70	172.60	-1.11

Nifty Target and Stop loss			Mixed Trend
Lower Tgt 2	Lower Tgt 1	Pivot	Upper Tgt 1	Upper Tgt 2
5170.57	5197.93	5220.77	5248.13	5270.97

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