Free Intraday Stock Tips

Stock Tips For 20th October 2009

Buy IRB above 263 SL 259.45 Target 267-269
BUY VIDEOCON IND CMP 254 STOP 252 TARGET 264.

Futures (Weekly)

Hold Long Nifty October ’09 with a target of 5305.00 & with a stoploss below 5051.00.

Buy BankNifty Oct.’09 at current levels with a target of 10153.00 & with a stoploss below 9150.00.

Options

Sell Nifty Oct.’09 5000.00 PE at current levels with a target of 23.00 & with a stoploss above 52.00.

Buy Sesa Goa 360.00 CA at current levels with a target of 16.00 & with a stoploss below 6.00.

Very Long Term Delivery Calls (1-2 Years)

We strongly recommend a buy on Clarian Chemicals India Ltd. at current levels with a long-term target of 775.00.

We strongly recommend a buy on CMC Ltd. at current levels with a long-term target of 3625.00.

Long Term Delivery Calls (4-6 Months)

We strongly recommend a buy on Chowgule Steamships Ltd. at current levels with a long-term target of 120.00.

We strongly recommend a buy on Prism Cement at current levels with a long-term target of 77.00.

Medium Term Delivery Calls (3-4 Months)

We strongly recommend a buy on Gujarat Alkalies & Chem. Ltd. at current levels with a medium-term target of 186.00 & with a stoploss below 94.00.

We strongly recommend a buy on Gujarat Fluorochemicals Ltd. at current levels with a medium-term target of 249.00 & with a stoploss below 111.00.

Short Term Delivery Calls (1-2 Months)

Buy Gujarat Gas Co. at current levels with a short-term target of 229.00 & with a stoploss below 196.00.

Buy Gujarat Inds. Power Co. Ltd. at current levels with a short-term target of 150.00 & with a stoploss below 105.00.

Tags: Day Trading Alerts, day trading calls, Intraday, intraday stock calls, nifty future, nifty options, nifty signals

The IIP Patchup

The August Index of Industrial Production (IIP) number has come in double-digits at 10.4% as against 6.8% last month.

Meanwhile the IIP number for July 2009 has been revised to 7.2% as against the provisional figure of 6.8%.

IIP data in detail:

Manufacturing output at 10.2% versus 1.7% (YOY)

Mining at 12.9% versus 2.8% (YOY)

Electricity at 10.6% versus 0.8% (YOY)

April to August industrial growth at 5.8% versus 4.8% (YOY)

Basic goods at 10% versus 3.9% (YOY)

Capital goods at 8.3% versus 0.9% (YOY)

Intermediate goods at 14.2% versus -5.5% (YOY)

Consumer goods at~8.5% versus 6.4% (YOY)

Consumer durables at 22.3% versus 3.9% (YOY)

Consumer non-durables growth at 3.7% versus 7.3% (YOY)

Tags: IIP

Latest Grey Market Premium (12-Oct-2009)

Thinksoft Global Services Ltd
Open: 22-Sep-2009
Close 01-Oct-2009
Offer Price Rs. 115 – Rs. 125
Premium Rs. 4 – 4.50

Euro Multivision Limited
Open 22-Sep-2009
Close 24-Sep-2009
Offer Price Rs. 70 – Rs. 75
Premium Rs. 3.50 – 4

Indiabulls Power Ltd
Open 12-Oct-2009
Close 15-Oct-2009
Offer Rs. 40 – Rs. 45
Premium Rs. 2 – 2.50
Kostak Rate* : Rs. 1600 – 1700

* Kostak Rate is the premium one gets by selling his/her IPO application (in an off market transaction) to someone else even before allotment or listing of the issue

Tags: GMP, Grey Market Premium, Indiabulls power GMP

Stock Tips For 12-10-2009

Some intraday and short term calls….

AIA ENG SHORT ON UPSIDE
TGT 311, 300
SL 328
APTECH BUY ON DIP NEAR 250
TGT 265
SL 245
CANARA BANK SHORT NEAR 345
TGT 330, 325
SL 350
HAVELLS SHORT ON UPSDIE NEAR 230
TGT 320, 315
SL 235
GUJ ALKALIES BUY NEAR 125
TGT 135
SL 122

CAIRN INDIA BUY ON CMP
TGT 270
CAIRN INDIA SHORT ABOVE 270
TGT 260, 255
SL 275
DCB BUY ON CMP
TGT 43
SL 40
DENA BANK GO SHORT ABOVE 65
TGT 62, 60
SL 68
DABUR BUY ON 135
SL 130
TGT 140, 150 (CAN HOLD 2-3 DAYS)
…..

Tags: daily market report, Day Trading Alerts, day trading calls, intraday stock calls, nifty signals

Grasim UltraTech UPDATE

Aditya Birla group company UltraTech will meet tomorrow to consider a proposal from Samruddhi Cement to merge the cement business of group with itself.

Aditya Birla group , which had acquired UltraTech from engineering giant L&T in 2004, had planned to hive-off Grasim cement into Samruddhi, a wholly owned subsidiary of Grasim Industries.

The demerged entity would be listed and then merged with UltraTech. In a filing to the Bombay Stock Exchange (BSE) UltraTech Cement said “it has received a consolidation proposal from Samruddhi Cement Ltd, a wholly owned subsidiary of Grasim Industries.”

Post-merger (Samruddhi and UltraTech), Grasim’s holding in the consolidated entity would be somewhere between 55-65 per cent. Grasim shareholders would hold 35 per cent in Samruddhi post demerger.

The board’s decision to demerge the cement business was unanimous. This also includes the LIC nominee on the board. But now LIC is yet to give its approval to the proposal.

They seek finer details of this entire process and proposal. LIC has asked Grasim to make detailed presentation of the entire process. The key contention is that they want to look at whether it is in the interest of shareholders and most importantly smaller shareholders is what we understand from sources.

Grasim is going to make a presentation to LIC during this week. We must not forget that, LIC owns 12.39% stake in Grasim and has a board seat in Grasim.

Karvy Stock Broking’s research report says…..
“Grasim Industries has proposed to restructure its cement business by transferring its cement business to Samruddhi Cement Ltd. (SCL), and eventually merging it with Ultratech Cement Ltd (UTCL). Post merger the Grasim’s significant value would be contributed by subsidiaries and investments. Hence we believe the discount for holding company would increase and subsequently we have revised our target price downward from Rs 2,303 to Rs 2,092 and maintain underperformer rating on the
stock,”

Attachment:

(Download the detailed Update on Grasim Industries)

Tags: Aditya Birla Group, Grasim, Grasim Industries, Karvy, LIC, Ultratech Cement