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

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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

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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