Post Market Analysis for 3RD OF FEB. (Free stock recommendation for 4th FEB)

The Money Expert
Post Market Analysis for 3rd feb   Dear readers, Indian Markets today opened in gap up followed by global cues, Asian in particular.  Nifty Was Trading firm throughout the day, This also comes as relief rally to investors after last week's blood bath. In all a wonderful markets today Nifty saw good volumes, but over all breadth of market was extremely positive. Mid cap and Small cap stocks were recovered significantly. Though Nifty came off its highs and closed near 4922.Stocks like JSW steel, RNRL and M&M. Lead the gainers list. Nifty (provisional) closed near 4922 up 100 points and Sensex (provisional) closed near 16490 up 327 points from previous close, BSE small cap closed up 1.1% and BSE mid cap closed up 1.5 %.   As recommended Nifty above 4890 it can test 4945, it happened the same way and Nifty crashed by more than 30 pints after making a high of 4949. Our Recommendations for today: Mc dowell holdings: from 97 to 98.5 Walchand nagar: from 261 to 266 Rmedia: from 91 to 86.5 BGR energy: from 509 to 519 and made a high 526 SBT: from 638 to 644 Nifty: from 4827 to 4808.   Our calls Bharti ship and gold tech could not perform well.   Stocks to watch on: Yesterday I wrote to watch only Nifty not any other stock, now hope you understood the reason and see Nifty closed up over 2%, better than most of the Index stocks. Tomorrow watch ABG shipyard, Astec Life science and Educomp.              Stock to buy for Thursday: Buy Astec life science above 68 for the targets of 69 to 72 SL 67.   Nifty for Thursday: Nifty above 4955 can touch 5000 and thereafter can reach 5035, but it looks unlikely for Nifty to extend its gains beyond these levels, traders can use this opportunity to exit all the junk stocks. On the downside 4850 remains a strong support zone.   For Free Stock tips please add indianmoney11@yahoo.com in your yahoo messenger.

CASH STRATEGY......

CASH STRATEGY

Medium Term Technical Call

CENTURY TEXTILES

SECTOR : Textiles

Exchange : NSE/BSE

CMP: INR 495 – 505

CURRENT TREND: Bullish.

1st Target:    INR 570.00

2nd Target:   INR 590.00

Stoploss:      INR 470.00

TECHNICALLY SPEAKING.

The stock is showing buying interest with volume support at current levels as it has taken a strong  support at 470 levels and now trading above short term and medium term moving averages which indicate strong fresh bull trend in the counter on daily and weekly chart. The stock is making higher bottom in weekly chart, which is a bullish sign. It has also given a fresh breakout, which indicates that sharp up move may be seen in coming weeks if it sustains the current levels. The risk reward ratio is also favouring in this trade. The chart pattern so formed in CENTURY TEXTILES is a bullish formation and the RSI oscillator is also confirming the bullish pattern on daily, weekly and Monthly chart. Traders can buy the stock with stop loss of 470 for the target of 570 and 590 in couple of weeks.

Alok Ind update [detailed report] Accumulate

ALOK IND

CMP 26/-

BUY

 

The latest 9 month result is in line with our expectations. The company will earn ~Rs.4 EPS for FY10 going forward with top line of Rs. 3850crs and a profit of Rs. 240crs. In this quarter Alok has also striked a PE deal with Asia Bridge for Rs. 45cr for its retail subsidiary Alok H&A. We maintain HOLD and BUY at dips.  

Alok Industries is one of the largest and fully integrated textile manufacturers with widest range of products from - Home textiles, Apparel fabric Garments and Polyester Yarn; across cotton, blended and synthetic segments. It has latest state of art machinery for manufacturing and processing of yarn and fabric.

The company has completed its capacity addition phase, with an investment of Rs 6000crs in last 5years and has started reaping benefits of this expansion. Cash flow from operations will increase from this year onwards and these cash earnings could be used to pre pay debt, which is  high and is a major concern for the investor's.

They are currently at 75% utilization levels and expect to increase it to 85-90% in coming 2 years. They are also strengthening their foothold in retail franchise business; by increasing their H&A retail outlets which they have converted to cash and carry model, from current 150 outlets to 1000 in next 2 years.

The order book is full for next few quarters for both apparels & Home textiles. Order book outlook is also better and this offers revenue visibility for the coming couple of quarters. Completion of expansion and up gradation will fetch increased revenues and margins, through growth in volumes and increased share of value added products and retail foray. This will further drive up the earnings growth and valuations.

The improving domestic outlook on retail and institutional sales front [driven by widest range of specialty fabrics & Garments] and global consolidation of vendors from overseas buyers [reversing the last year's de-stocking], will lead to strong volume growth and increasing utilization levels.

Going forward this will lead to increased cash flows, which can be used to repay loans. Not only cash flows from textiles, company intends to book profits by selling its premium realty projects and use the proceeds to reduce leverage Reduced debt will lower interest costs and boost margins further, leading to still better PAT growth in coming years.

 

Recommendation

We recommend to Hold and Accumulate stock at all dips with a target price of Rs. 40-45 within next 1-2 years and 60-65 in 2-3 years.

 

Regards
Narendra

Intraday Trading Calls dt 03-02-10

Short Calls on	03-Feb-10
NSE Equity code	Sale below	Target (1)	Target (2)	Stop Loss	Target1 Percent
BAJAJHIND	200.50	192.80	185.60	205.00	-3.84
SYNDIBANK	84.40	82.60	80.65	85.30	-2.13

Nifty Target and Stop loss				Bearish
Stop Loss 1	Stop loss 2	Pivot	Target 1	Target 2
4728.07	4779.08	4865.12	4916.13	5002.17
Note: -	1.If Bullish take only Long Position don't short.
	2.If Bearish take only Short Position don't long.

 OPM Capital : Intraday Trading Tips 

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Daily Trading Tips

Market Outlook

Yesterday market opened positive and saw resistance around 4950 levels. It is an important level for market and only if Nifty sustains above this levels then we may expect a pull back. Till then any rally should be used for exit or reducing long positions. Market has a strong support at around 4750 levels but if falls below this level, then selling pressure may get intense. Medium term trend for market is

negative till the time Nifty doesn't crosses 5000 levels with volumes.

ROLTA

Execution Price Range Stop Loss Target

Sell Between Rs 202 to 208 212 190

SESAGOA

Execution Price Range Stop Loss Target

Sell Between Rs 355 to 370 375 338

BANK OF BARODA

Execution Price Range Stop Loss Target

Sell Between Rs 575 to 590 595 558

Post Market Analysis for 2nd FEB (Free Stock Recommendations for 3rd FEB)

The Money Expert
Post Market Analysis for 2nd FEB.   Dear readers, Indian Markets today opened in gap up followed by global cues, Asian in particular.  Nifty saw a Break down towards the 2nd half and cut crucial support level of 4870 levels and made a low of 4807. In all a very volatile markets today though Nifty saw good volumes, but over all breadth of market was extremely negative. Mid cap and Small cap stocks were hammered down badly, along with some major banking stocks Like SBI, ICICI Oriental bank of commerce. Crack in stocks like reliance, Unitech and Ranbaxy lead the downfall. Nifty (provisional) closed near 4818 down 81 points and Sensex (provisional) closed near 16148 down 207 points from previous close, BSE small cap closed down 0.9% and BSE mid cap closed down 1.3 %.   We advised all our subscribers to be exit below 4870 which in turn touched the low of 4807. Our Recommendations for today: Rajesh exports: 101.9 to 104 Aban offsore: from 1117 to 1128 Walchand : from 261 to 272 Jai corp: from 308 to 317 Chennai petro: from 237 to 240 TIL: from 374 to 377 to 404 Walchand: from 258 to 261 (We recorded 100% accuracy in our calls today and recorded huge profits in volatile markets, as none of the calls made loss).   Multi bagger as on Monday: Walchand: from 257 to 272 MRF: from 5729 to 6220 then crashed to 5950.   Stocks to watch on: Walchand nagar and Jai corp recommended on Monday gained more than 5% in intraday trade, tomorrow watch Nifty.   Stock to buy for Wednesday: Buy Jai corp. above 306 targets 309 to 318 SL 303 on Tuesday achieved all targets.   Nifty on Wednesday: Nifty Below 4790 can test 4760 thereafter can touch 4725. On the upside above 4990 can see 4945.