Business & Economy
Stock Picks For Today
Nifty Support 5220 – 5245 – 5268 – 5290
Nifty Resistance 5340 – 5358 – 5383 – 5427
Special Call For Short Term Investment
Buy SOUTHISPQ
Around 13.60-14.00
Target : 30-33
BPCL
Buy above 644
sl 638
Targets 652 -657
Or if trades below 614
Short BPCL
SL 620
Targets 606-600
MUNDRAPORT
Buy above 715
sl 709
Targets 723-728
Or if trades below 701
Short MUNDRAPORT
SL 707
Targets 693-688
JINDALSTEL
Buy above 645
sl 640
Targets 653-658
Or if trades below 634
Short JINDALSTEL
SL 639
Targets 626-620
Stock Calls/Market Tips For Today
Nifty Outlook & Analysis
Nifty Resistance
5110, 5125, 5135, 5150, 5165, 5185, 5200, 5220
Nifty support
5070, 5060, 5045, 5025, 4995.
If Nifty remains above 5125-5135 zone, it will try to touch further higher levels.
Above 5135 next major resistance will be faced at 5165-5185 zone.
If nifty fails to touch or move above this zone, again Nifty will give up its gains and fall to lower levels.
Intraday Stock Tips
RELIANCE CAPITAL
Buy this stock above 690
Targets of 696, 703, 709
Stop Loss at 682.
TATA MOTORS
Buy this stock above 764
Targets of 770, 775, 780
Stop Loss at 756.
SESAGOA
Above 355
Target 364-375
Stoploss 350
CenturyTxt
Buy Below 450
Target 465
Stoploss 435
(Very short term delivery call)
India Motor Parts and Accessories Limited Reports Audited Earnings Results for the Fourth Quarter and FY09
India Motor Parts and Accessories Limited which also makes good car spoiler for Indian Cars reported audited earnings results for the fourth quarter and year ended March 31, 2010. For the quarter, the company reported net profit of INR 75.8 million or INR 18.22 per basic and diluted share on total income of INR 936.0 million compared to net profit of INR 54.6 million or INR 13.13 per basic and diluted share on total income of INR 736 million for the same quarter last year. The company reported profit from ordinary activities before tax of INR 108.5 million compared to INR 78.9 million for the same quarter last year.
For the year, the company which claims to be manufacturing best car spoiler in Indian market reported net profit of INR 246.7 million or INR 59.31 per basic and diluted share on total income of INR 3,592.6 million compared to net profit of INR 173.8 million or INR 41.77 per basic and diluted share on total income of INR 3,014.9 million for the last year. The company reported profit from ordinary activities before tax of INR 360.9 million compared to INR 253.1 million for the last year.
Market Cap 215.06
EPS (TTM) 59.31
P/E 8.72
P/C 8.45
Book Value 292.36
Price/Book 1.77
Div(%) 120.00%
Div Yield(%) 2.32
Market Lot 1.00
Face Value 10.00
Industry P/E 148.35
Top 10 tips for volatile markets
Some tips for Trading in Volatile Markets
- The most important thing: believe in the market and go along with it, never try to Predict the market.
- Pick a stock based on its future potential do not give undue importance to P/E,EPS etc
- Technical analysis works for a very short period and in a stable market
- Learn to book profit in a very strict manner and more important restrict your losses within your bearable limit with strict stop-loss.
- Never buy a stock because of a news or recommendation on TV,MEDIA as positions are built in same stocks prior to releasing the news in media in most of the cases,
- Build a wholesome portfolio so that loss will be minimal if some pick goes wrong. Never invest more than 10% of your investible fund in a single stock and 25% in a single sector.
- Invest 50% in large cap, 35% in midcap and rest keep rotating in intra or positional trade.
- Learn the art of portfolio churning at regular intervals as per your investment style and after a major event like Budget, Election etc.
- Never overtrade in margin. Ideally not more than 10% of your capital is deployed in margin trade in volatile times like this.
- Invest in sunrise sectors in 2010 like logistic, media, power, allied-infrastructure and so on
Stock Calls For Today & For Coming Days
It looks like bulls and bears are both on holidays. Looking to chart petterns if nifty breaks 5240 the if may touch upto 5190.
If nifty close below 5202 then exit from all long positions.
Indian Markets Technicals
Expect Nifty & Sensex to touch 5159 & 17295 below 5269 & 17649. If the markets moves above 5269 & 17295 levels, then it will try to touch 5311 & 17817 levels.
US Markets Technicals
We expect DowJones & Nasdaq to touch 10729 & 2341 above 10517 & 2291. If the markets moves below 10517 & 2291 levels, then it will try to touch 10306 & 2241 levels.
Economy
We expect the price of Maize to increase by 73-74% in next 3 years. We also expect the price of Barley to increase by 68-69% in next 3 years.
Derivatives Calls
Futures (Weekly)
Nifty Jan.’10 target achieved at 5302.00. Buy call initiated @ 4966.00. BankNifty Jan.’10 target achieved at 9223.00. Buy call initiated @ 8612.00.
Buy Nifty Jan.’10 above 5269.00 levels with a target of 5311.00 & with a stoploss below 5245.00.
Buy BankNifty Jan.’10 at current levels with a target of 9268.00 & with a stoploss below 9138.00.
INTRADAY NIFTY SUPPORT 5239 AND RESISTANCE 5303
NIFTY FUTURE(5266)
Buy above 5281
Sell below 5239
Intraday Calls
TGT 490, 523
SL 460
TGT 185
SL 172
TGT 27
SL 24
TGT 45
SL 40
TGT 750
SL 805
CMP 492
TGT 470
SL 505
Very Long Term Delivery Calls (1-2 Years)
We strongly recommend a buy on Infotech Enterprises Ltd. at current levels with a long-term target of 1060.00.
We strongly recommend a buy on Infra. Devp. Finance Corp. Ltd. at current levels with a long-term target of 543.00.
Long Term Delivery Calls (4-6 Months)
We strongly recommend a buy on Larsen & Toubro Ltd. at current levels with a long-term target of 2120.00.
We strongly recommend a buy on Mukand Engineers at current levels with a long-term target of 60.00.
Medium Term Delivery Calls (3-4 Months)
We strongly recommend a buy on Pantaloon Retail India Ltd. at current levels with a medium-term target of 606.00 & with a stoploss below 260.00.
We strongly recommend a buy on Parsvnath Developers India Ltd. at current levels with a medium-term target of 226.00 & with a stoploss below 90.00.
Short Term Delivery Calls (1-2 Months)
Buy Patel Engineering Ltd. at current levels with a short-term target of 518.00 & with a stoploss below 456.00.
Buy Patni Computer Sys. Ltd. at current levels with a short-term target of 538.00 & with a stoploss below 470.00.
Very Short Term Delivery Calls (5-10 Days)
Buy ACC Ltd. at current levels with a very short-term target of 974.00 & with a stoploss below 893.00.
Buy Adani Enterprises Ltd. at current levels with a very short-term target of 574.00 & with a stoploss below 472.00.
Buy Aditya Birla Nuvo Ltd. at current levels with a very short-term target of 1036.00 & with a stoploss below 921.00.
Buy Ambuja Cements Ltd. at current levels with a very short-term target of 113.00 & with a stoploss below 103.00.
Asian Markets
European Markets
Imp Pivot Levels
Sponsored
DStreetDirect
- Buy Adani Power – TP Rs.160 September 3, 2010 anish
- Buy BGR Energy – TP:- Rs.968 September 3, 2010 anish
- Buy IDFC – TP Rs.210 September 1, 2010 anish
- Best in Delhi NCR August 29, 2010 Ganesh India
- Sci & iti August 29, 2010 Ganesh India

