Markets Today

Markets Snapshot
Markets recover from day's low, however profit booking seen at higher levels
Sensex ends down 205 pts at 17230.2; recovers nearly 100 pts from day's low
Nifty ends down 53 pts at 5105; recovers nearly 30 pts from day's low
CNX Midcap Index down 0.7%, BSE Small-cap Index outperforms all indices, ends up 0.44%
Interest rate sensitive sectors like Bank & Realty witness selling pressure
BSE Bank Index down 2.4%; SBI down 3.14%, HDFC Bank down 2.6%
BSE Realty Index down 1.9%, Unitech down 2.9%, DLF down 2%
Index losers; Rel Infra down 4.8%, BHEL down 3.5%, ABB down 3.1%, Bharti down 2.7%
Index gainers; Cairn India up 8.5% ((UBS upgrades to Buy from Sell and price target to Rs374 (from Rs246))
Sterlite Ind up 4.7%, Suzlon up 3.4%, May Sell Some Stake In REpower
Buzzers; Mundra Port up 14%, Videocon Ind up 16.5%, Adlabs up 6.6%, S Kumars up 5.4%, Sasken up 8%, Graphite India up 15.2%
Buzzers; Videocon Appliance, Tamilandu Petro, Hilton Metal up 20% each
NSE Advance Decline at 5:6
Total market turnover at Rs 52860 cr Vs Rs 57402 cr on Friday
Total NSE F&O turnover at Rs 33290 cr Vs Rs 37877 cr on Friday
F&O Snapshot
F&O action muted; very stock specific
Nifty seen short buildup; trades at a 10-15 point discount; Adds 34 lakh shares in Mar series
Turnover lower than last weeks average
Nifty 5100, 5200 Call adds over 1 lakh shares each
Nifty 5000, 4800 put sees unwinding of open interest
Long positions seen in Cairn, Suzlon, R Power, JSW Steel, SRF
Fresh shorts seen in NTPC, SAIL, Unitech, JP Associates, PFC, DLF
Unwiding of long positions seen in momentum stcoks like Chambal Fert, Nag Fert, IFCI, GMR Infra, Alok, RNRL, Arvind MIlls
Long Positions
Cairn India up 7.7%; add 24 lakh shares in OI
Suzlon up 3.7%; add 17.5 lakh shares in OI
R Power up 4.3%; add 8.7 lakh shares in OI
HDIL up 4.2%; add 8.6 lakh shares in OI
Unwinding of long positions
Chambal Fert down 2.6%; shed 13.8 lakh shares in OI
GMR Infra down 1.3%; shed 9.15 lakh shares in OI
Nag fert down 2%; shed 8.7 lakh shares in OI
RNRL down 2%; shed 4.6 lakh shares in OI

Source: moneycontrol.com

Investment Pick: Voltas

A Tata group company, the market did not take too kindly to the results of Voltas. The financial performance for year ended 31-03-08 can be labeled as consistent, not trailblazing, which is probably what the market expected.
The net sales of the company rose 26.8% at Rs.3,044.50 crore. Its operating expenses rose 22%. Yet, it managed to post a 76% higher EBIDTA at Rs.293.90 crore. PBT was up 38% at Rs.307.50 crores and PAT rose 12% at Rs.208.30 crore. On an equity of Rs.33.07 crore, its EPS stands at Rs.6.30.
Higher volumes managed to offset the rising prices and this helped its translation into better profits. Its engineering and machine tools division faced some slowdown.
The company is now looking at acquisitions, mainly in organic business and is scouting around in South Africa, North Africa, Vietnam, Singapore and Middle East.
Its order book was at Rs.800 crore in domestic market and Rs.3,800 crore in international market. The company is expecting manpower shortages in current fiscal in overseas market and to retain employees, it is considering pay hikes. Rising manpower costs is something that most companies will have to now learn to grapple with.
Voltas continues to be a good investment buy at the current price.

Source: sptulsian.com

Intraday Trading Calls for 20th May

Stock Market India may open flat and see some profit booking. It may remains rangebound of +/- 1%. A Nagetive closing expected.

Today's Intraday Trading Calls:

ORCHID CHEMICAL
GMR INFRA
BANK OF BARODA
KOLTE PATIL
S KUMAR NATIONWIDE
CAIRN INDIA

For Levels and Targets Download the file by CLICK HERE.

Others: Hind Oil Exploration, Selan, RPL as crude oil trading at all time high around $127.

Good Luck