AFTER THE POOR INFOSYS NUMBERS AND CONCERNS OVER INFLATION AND INTEREST RATE HIKE, MARKET MANAGED TO RECOVER SIGNALLING THAT THERE REMAINS THE BUYING INTEREST ON THE INITIAL OUTLOOK OF NORMAL MONSOON, INTEREST RATE CYCLE PEAKING OUT AND CRUDE WHICH REMAINS AROUND $110. HOWEVER POOR PERFORMANCE BY THE CORPORATES, LIKE INFOSYS AND RELIANCE WILL DEFINITELY HAMPER THE BUYING INTEREST FOR THE TIME BEING. GOING FORWARD NORMAL MONSOON MAY BRING CHEER TO FMCG, BANKS, FARM EQUIPMENTS & CHEMICALS, AUTO ETC. UNDERVALUED STOCKS OF THESE SECTORS WILL SEE FRESH BUYING INTEREST IN DAYS TO COME. ANY CORRECTION SHOULD BE USED TO ENTER IN THESE SECTORS WITH A MINIMUM INVESTMENT VIEW OF 3-4 MONTHS. IN ANOTHER MAJOR DEVELOPMENT SEBI ALLOWED SOVEREIGN WEALTH FUNDS (SWFs) TO ACQUIRE UPTO 20%(EARLIER 10%) STAKE IN THE INDIAN COMPANIES WITHOUT TRIGGERING AN OPEN OFFER.THIS WILL SEE RENEWED BUYING INTEREST IN THE SCRIPT OF THE COMPANIES, IN WHICH SWFs ALREADY HOLD SOME STAKE. THE NEW SEBI NORMS WILL COVER SWFs FROM MALAYASIA & SINGAPORE, WHICH ALREADY HAVE CEC AGREEMENT WITH INDIA. THIS WILL HAVE MAJOR POSITIVE IMPACT ON MARKETS AS THERE WILL BE LONG TERM FUNS INVESTED, UNLIKE FIIs, WHO INVEST IN SHORT TERM FUNDS TOO. LIST OF SRCIPTS WHICH COULD BE BENEFITED BY THIS IS MENTIONED BELOW, SOME OF WHICH HAVE ALREADY SEEN BUYING INTEREST FEW DAYS BACK.
TECHNICALLY NIFTY HAS MAJOR RESISTANCE AT 5920-5930 AND MAJOR SUPPORT AT 5720-5700.BREAK BELOW 5600 WILL LEAD TO SHARP DECLINE TO 5000 OR BELOW CONFIRMING THE BEAR MARKET(CHANCES OF WHICH ARE NOW MUCH LESS AND REMOTE).ON THE OTHER HAND CONSECUTIVE CLOSE ABOVE 5920 MAY LEAD MARKET TO 5970-6040++ ZONE CONFIRMING THE BULL MARKET.
MARKET VIEW FOR 25TH APRIL, MONDAY:
DUE TO WEAK RELIANCE NUMBERS, NIFTY MAY OPEN 35-45 POINTS LOWER.RELIANCE COULD OPEN LOWER AT 1015-1010. ON WEAK START WAIT & WATCH AND THEN INITIATE POSITION IN THE COUNTERS SUGGESTED.NO MAJOR WEAKNESS IS EXPECTED BEFORE EXPIRY.
FOLLOWING SCRIPTS TO GAIN FROM GOOD MONSOON:
HUL, ITC, DABUR, GODREJ CONSUMER, MARICO
SBI, DCB, PNB, BOI
M&M, MARUTI, TVS MOTORS, TATAMOTORS
KIRLOSKAR BROS, KSB PUMPS, ESCORTS
TATACHEMICAL, BAYER CORP, UNITED PHOS & RALLIS.
FOLLOWING SCRIPTS COULD SEE RENEWED BUYING INTEREST BY SWFs:
INFOSYS, ICICI BANK, ICSA, HDFCBANK, UNITED PHOS, TATASTEEL, STERLITE TECH, PIRAMAL GLASS, MAX INDIA, PATEL ENGG, TULIP TELECOM, CESC, ETC. THERE ARE MUCH MORE NAMES IN THE LIST.SOME OF THESE SCRIPTS WERE RECOMMENDED SEVERAL TIMES IN PAST.
IPO NEWS: SEBI HAS GIVEN GREEN SIGNAL TO KOCHI BASED JEWELLERY COMPANY, JAYLUKHHNS FOR ITS IPO OF 1.8 CRORE SHARES WORTH Rs.600 CRORE BY NEXT TWO MONTHS.
THOSE INTERESTED IN IPOs MUST LOOK THIS SCRIPT. FINAL DECISION OF GOING WITH THE IPO SHOULD BE TAKEN AFTER THE PRICE BAND IS DECLARED
TRADING CALLS (BOTH CASH & F&O) FOR 3/5 SESSIONS:(Note that due to F&O settlement this week,there could be much volatility and moves to adjust the stock positions):
1.SKUMAR(Fut:68.95): Must buy May Futures. Targets 71-73-78++ No Stop loss.
2.GSPL(Fut:103.40): Buy at cmp or on dips near 101 with stop loss of 99.50
3.Century Text (Fut:374.80): Buy at cmp or on dips near 368 with stop loss of 360 for the target of 390-425++ very soon. Any positive news flow may come.
4.HUL(Fut:288.15):Buy at cmp or on dips near 280 with stop loss of 270 for the target of 400-425++ very soon.
5.Bajaj Hind(Fut:82.95):Buy at cmp or on dips near 80 with stop loss below 78 for the target of 85-88-92++ very soon.
6.Renuka(Fut:75.70):Buy May Fut at cmp or on dips near 70-71 with stop loss of 68 for the target of 78-82-86-93-98+++ by May end or in June.Any positive news flow may come.So keep on holding either in cash or in Future.
FOLLOWING DELIVERY MUST BE TAKEN FOR 30-45 DAYS PERSPECTIVE:
1.ALOK INDUSTRIES(27.10):There will be some positive news flow in this stock.Buy for the rise till 31-33+++ in the short term. Medium to long term target 50-60-80++++.
2.DCB(60.85): Buy/Accumulate this stock for Short, Medium & Long term investment.Tgt 70, 120 & 300++. A big trader/investor has bought in this counter for long term. A very good inside story in this counter.
3.PIPAVAV SHIPYARD(86.70):There is a buzz of stake sale, which may take place at 20% premium to the cmp. Buy with 2 months holding view.
4.AARVEE DENIM(65.85):Buy in delivery for holding 60-70 days with a target price of 85-90++++. Must buy +++++vely.
5.TIMKEN(214.85):Stock may soon touch 250++. Hold for 3-4 months for de-listing price of 320/share. A very good buying.
6.CANFIN HOMES(126.05): Stock will soon touch 150+++ mark. Some positive news flow will take stock to 200++ very soon. Hold with a view for 3-4 months.
7.CAMLIN FINECHEM(78.95): Stock could reach 101++ on some news flow. Buy for 3 months.
8.PIARAMAL GLASS:(129.00): As recommended several times in past (from 94-96),the stock may touch 150-55++ soon on renewed buying interest by FIIs and SWFs. Must buy on every dip and fall.Very positive future and growth seen going forward. Don't mis this stock in your long term to medium term portfolio.
9.STERLITE TECH(68.10):As recommended several times in past (from 44-46),the stock may touch 90-115++ soon on renewed buying interest by FIIs and SWFs. Must buy on every dip and fall.Very positive future and growth seen going forward. Don't mis this stock in your long term to medium term portfolio.
10.B.F UTILITIES(869.15): Buy this stock in delivery for short term. Stock can move to 945+++
11.SONATA SOFT(45.45): Buy this stock in delivery for medium term target of 65+++
12.NAVNEET PUBLICATION(65.90): Buy this stock n delivery for medium term target of 80+++
13.WENDT INDIA(1295.00):Delisting and exit offer is on cards.This may push stock to much higher levels. Stock has risen from 1000 levels from March. 1600-1800++ could be the offer price. Buy with 3-4 months perspective.
Safe Harbor
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
TECHNICALLY NIFTY HAS MAJOR RESISTANCE AT 5920-5930 AND MAJOR SUPPORT AT 5720-5700.BREAK BELOW 5600 WILL LEAD TO SHARP DECLINE TO 5000 OR BELOW CONFIRMING THE BEAR MARKET(CHANCES OF WHICH ARE NOW MUCH LESS AND REMOTE).ON THE OTHER HAND CONSECUTIVE CLOSE ABOVE 5920 MAY LEAD MARKET TO 5970-6040++ ZONE CONFIRMING THE BULL MARKET.
MARKET VIEW FOR 25TH APRIL, MONDAY:
DUE TO WEAK RELIANCE NUMBERS, NIFTY MAY OPEN 35-45 POINTS LOWER.RELIANCE COULD OPEN LOWER AT 1015-1010. ON WEAK START WAIT & WATCH AND THEN INITIATE POSITION IN THE COUNTERS SUGGESTED.NO MAJOR WEAKNESS IS EXPECTED BEFORE EXPIRY.
FOLLOWING SCRIPTS TO GAIN FROM GOOD MONSOON:
HUL, ITC, DABUR, GODREJ CONSUMER, MARICO
SBI, DCB, PNB, BOI
M&M, MARUTI, TVS MOTORS, TATAMOTORS
KIRLOSKAR BROS, KSB PUMPS, ESCORTS
TATACHEMICAL, BAYER CORP, UNITED PHOS & RALLIS.
FOLLOWING SCRIPTS COULD SEE RENEWED BUYING INTEREST BY SWFs:
INFOSYS, ICICI BANK, ICSA, HDFCBANK, UNITED PHOS, TATASTEEL, STERLITE TECH, PIRAMAL GLASS, MAX INDIA, PATEL ENGG, TULIP TELECOM, CESC, ETC. THERE ARE MUCH MORE NAMES IN THE LIST.SOME OF THESE SCRIPTS WERE RECOMMENDED SEVERAL TIMES IN PAST.
IPO NEWS: SEBI HAS GIVEN GREEN SIGNAL TO KOCHI BASED JEWELLERY COMPANY, JAYLUKHHNS FOR ITS IPO OF 1.8 CRORE SHARES WORTH Rs.600 CRORE BY NEXT TWO MONTHS.
THOSE INTERESTED IN IPOs MUST LOOK THIS SCRIPT. FINAL DECISION OF GOING WITH THE IPO SHOULD BE TAKEN AFTER THE PRICE BAND IS DECLARED
TRADING CALLS (BOTH CASH & F&O) FOR 3/5 SESSIONS:(Note that due to F&O settlement this week,there could be much volatility and moves to adjust the stock positions):
1.SKUMAR(Fut:68.95): Must buy May Futures. Targets 71-73-78++ No Stop loss.
2.GSPL(Fut:103.40): Buy at cmp or on dips near 101 with stop loss of 99.50
3.Century Text (Fut:374.80): Buy at cmp or on dips near 368 with stop loss of 360 for the target of 390-425++ very soon. Any positive news flow may come.
4.HUL(Fut:288.15):Buy at cmp or on dips near 280 with stop loss of 270 for the target of 400-425++ very soon.
5.Bajaj Hind(Fut:82.95):Buy at cmp or on dips near 80 with stop loss below 78 for the target of 85-88-92++ very soon.
6.Renuka(Fut:75.70):Buy May Fut at cmp or on dips near 70-71 with stop loss of 68 for the target of 78-82-86-93-98+++ by May end or in June.Any positive news flow may come.So keep on holding either in cash or in Future.
FOLLOWING DELIVERY MUST BE TAKEN FOR 30-45 DAYS PERSPECTIVE:
1.ALOK INDUSTRIES(27.10):There will be some positive news flow in this stock.Buy for the rise till 31-33+++ in the short term. Medium to long term target 50-60-80++++.
2.DCB(60.85): Buy/Accumulate this stock for Short, Medium & Long term investment.Tgt 70, 120 & 300++. A big trader/investor has bought in this counter for long term. A very good inside story in this counter.
3.PIPAVAV SHIPYARD(86.70):There is a buzz of stake sale, which may take place at 20% premium to the cmp. Buy with 2 months holding view.
4.AARVEE DENIM(65.85):Buy in delivery for holding 60-70 days with a target price of 85-90++++. Must buy +++++vely.
5.TIMKEN(214.85):Stock may soon touch 250++. Hold for 3-4 months for de-listing price of 320/share. A very good buying.
6.CANFIN HOMES(126.05): Stock will soon touch 150+++ mark. Some positive news flow will take stock to 200++ very soon. Hold with a view for 3-4 months.
7.CAMLIN FINECHEM(78.95): Stock could reach 101++ on some news flow. Buy for 3 months.
8.PIARAMAL GLASS:(129.00): As recommended several times in past (from 94-96),the stock may touch 150-55++ soon on renewed buying interest by FIIs and SWFs. Must buy on every dip and fall.Very positive future and growth seen going forward. Don't mis this stock in your long term to medium term portfolio.
9.STERLITE TECH(68.10):As recommended several times in past (from 44-46),the stock may touch 90-115++ soon on renewed buying interest by FIIs and SWFs. Must buy on every dip and fall.Very positive future and growth seen going forward. Don't mis this stock in your long term to medium term portfolio.
10.B.F UTILITIES(869.15): Buy this stock in delivery for short term. Stock can move to 945+++
11.SONATA SOFT(45.45): Buy this stock in delivery for medium term target of 65+++
12.NAVNEET PUBLICATION(65.90): Buy this stock n delivery for medium term target of 80+++
13.WENDT INDIA(1295.00):Delisting and exit offer is on cards.This may push stock to much higher levels. Stock has risen from 1000 levels from March. 1600-1800++ could be the offer price. Buy with 3-4 months perspective.
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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