Markets Today

Markets Snapshot
Markets witness a strong pull-back after losing for 5 straight sessions; close at day's high
Interest rate sensitives lead the rally
Sensex ends up 536 pts at 13112; Nifty up 130 pts at 3947
CNX Midcap Index up 1.9%, BSE Small-cap Index up 1%
All sectoral indices except metals end in the green
BSE-Bank Index up 6.3%; HDFC up 10%; SBI up 8.4%, ICICI Bank up 6.2%, HDFC Bank 6.1%
BSE Cap-Goods Index up 6.3%; Siemens up 8.8%, L&T up 8%, BHEL up 5.3%; ABB up 4.4%
BSE Realty Index up 5.4%; DLF up 9.3%; Unitech up 3.8%
BSE Auto Index up 4%; Maruti up 9.3% ahead of results on Monday, M&M up 4.3%
BSE Oil and Gas Index up 3.5%; BPCL up 9.3%; IOC up 7.5%; HPCL up 5.6%; ONGC up 4.5%, Reliance up 3.9%
BSE Metals Index down 2%; Likely cap on steel-price hike hits sentiment
SAIL down 5.5%, Tata Steel down 2.9%, Sterlite down 5.9%
Star Performers: Polaris up 16% on strong Q1 performance and announcement of Real Estate foray
Results Impact: TCS, Mindtree, Polaris, Biocon, Chambal Fert, Unichem Labs,United Breweries
NSE Advance Decline at 2 : 1 Total F&O turnover at Rs 46,300 cr Vs Rs 45,738.2 cr;
Total market turnover at Rs 62,852 cr Vs Rs 61,636.2 cr on Wednesday
BuzzersBGR Energy up 20% for second straight sessionFirst Winner up 16%IVRCL Infra up 15%Essar Shipping up 10%JP Associates up 9%
F&O Snapshot
Most of the action seen in Stock Futures space with a long bias
Nifty fut ends with a discount of 15 points
More than 30% OI build up sees in stocks like Colgate, LIC Housing, Mphasis & Polaris
Metal stocks see short build up in today’s trade
Mid Cap IT stocks like Polaris & Mphasis see fresh long build up
Large Cap IT stocks see Short covering
Fresh Longs seen in Infra Stocks like Punj Lloyd ,Nagar Const & JP Associates
Short Covering seen in Cap Goods
Hugh unwinding seen in Nifty Call Options
Options Activity:Nifty 4000 call sheds 6.7 lakh sharesNifty 4100 call sheds 4.3 lakh sharesNifty 4200 call sheds 3 lakh shares
Fresh Longs:Infra :Punj Lloyd, Nagar Const & JP AssociatesIT: Polaris, MphasisMisc: RNRL, Renuka,GMR,IFCI,ICICI Bank
Fresh Shorts:Metals: SAIL,Sterlite,Nalco,Tata SteelMisc: Cairn, RPL
Short Covering : IT : Satyam , Infosys, TCS

Source: moneycontrol.com

Intraday Trading Calls for 17th July

Indian Stock Market will see a huge strong rally today. A gap up opening and good gains expected today. Inflation numbers will be announced today at noon so some volatility can be seen at mid session but overall positive trading expected today.

Today's Intraday Trading Calls / Stock Tips:

SATYAM COMPUTER

PUNJ LLOYD

NIIT TECH

SASKEN COMMUNICATION

ROLTA INDIA

KSK ENERGY

For Levels and Targets CLICK HERE.

Today's Watch List: Infosys, HCL Tech, TCS, Tech Mahindra etc. and Realty Sector UNITECH, DLF, IBREALEST etc.

Good Luck

Stock Idea: Sintex India

Religare Research has maintained its buy rating on Sintex India with a revised target price of Rs 503 in its July 15, 2008 research report. "Sintex Industries (Sintex) has reported disappointing Q1FY09 numbers due to lower volumes in the BT Shelter business and below-expected textiles revenues. While net sales increased 108% YoY to Rs 7.1 billion, this was spurred by the acquisitions of Bright AutoPlast, Nief Plastics and Wausaukee rather than growth in core operations. Higher employee costs and other expenditure shaved 590bps off the EBITDA margin to 11%. Sintex reports installation income on prefab construction under other income, which trebled to Rs 380 million during the quarter. Increased interest and depreciation offset the positive impact of other income, causing Sintex's net profit to grow much below our expectations at 68% YoY to Rs 567 million."
"The company's monolithic construction order book totaled Rs 15 billion at the end of the quarter with an execution period of two years. Further, the acquisition of Digvijay Communication during Q1FY09 will expand Sintex's geographical reach and product offerings in the telecom infrastructure sector. We are revising our estimates downwards in view of the below-expected quarterly results, tight market conditions and higher cotton and crude oil prices, which are weighing on margins. We maintain our Buy recommendation on the stock and roll over our target price to a one-year horizon. Our revised target for the stock is Rs 503 from Rs 587 previously," says Religare's research report.

Markets Today

Market Snapshot
New 15-mths closing for Sensex, Nifty
Sensex ends down 100 pts at 12575.8; hits a low of 12514 during the day
Nifty ends down 44 pts at 3816.7; hits a low of 3790.2 during the day
CNX Midcap Index ends down 1.5%; BSE Small-Cap Index down 1.3%
Ranbaxy bounces back after management clarification; gains 15%
BSE Realty Index down 5.9%; Unitech down 11%; DLF down 8%
BSE Metals Index down 1.7%; Nalco down 6%; SAIL down 4%; Tata Steel down 3.5%; Sesa Goa down 5%
BSE Bank Index down 1.7%; Banks continue to lose ahead of inflation numbers on Thursday at 5:00 pm
SBI down 3.9%; ICICI Bank down 1.8%, HDFC Bank down 1.6%
Results Impact: S Kumars, PFC, HDFC, TTML
Midcap Losers: Guj NRE Coke down 7%, GMR Infra down 5.5%, Nag Fert down 4.8%, Parsvanth down 4.6%
Small-cap losers; Nitco Tiles down 12.8%, RSWM down 10.5%, Asian Elec down 10%
Buzzers; Usher Agro up 14.3%, BGR Energy up 13.5%, First Winner up 10.2%
NSE Advance Decline at 1:3
Total F&O turnover at Rs 45738.2 cr Vs Rs 44,123 cr a day ago
Total Market Turnover at Rs 61636.2 cr Vs Rs 59,029 cr a day ago
F&O Snapshot
Nifty discount trims; signs of short covering pushes Nifty in premium in last trade
Ranbaxy up 15 %; sheds 11.1 lakh shares, 3 rd highest turnover in F&O
Fresh shorts seen in Real Estate stocks
NSE F&O turnover at Rs 45738.3 cr Vs Rs 44122.9 cr in yesterdays trade
Nifty 3800, 3900 & 4000 call adds open intrest; premium increases
Nifty Put continues unwinding; nifty 4000 put sheds 3.7 lakh shares
Option Activity: Nifty 4000 put sheds 3.7 lakh shares Nifty 3800 call adds 6.7 lakh shares Nifty 3900 call adds 6.9 lakh shares Nifty 4000 call adds 2.1 lakh shares
Fresh Short: Unitech dn 9.2 %; adds 21.5 lakh shares Dlf dn 7.2%; adds 5.8 lakh shares RPL down 4.15%; add 18.5 lakh shares in OI Cairn India down 4%; add 10.6 lakh shares in OI
Fresh Long: Shree Renuka up 7.5%; add 14.3 lakh shares in OI Bharti up 3.4%; add 5.2 lakh shares in OI HUL up 4.5%; add 4.2 lakh shares in OI PFC up 5.8%; add 3.8 lakh shares in OI
Short Covering : Misc: ITC, Alok Text, Balrampur Chini

Source: moneycontrol.com

Intraday Trading Calls for 16th July

Indian Stock Market may see a good bounce back due to short covering. A positive trading and closing expected today.

Today's Intraday Trading Calls / Stock Tips:

SATYAM COMPUTER

YES BANK

NIIT TECH

SASKEN COMMUNICAION

ROLTA INDIA

KSK ENERGY

For Levels and Targets CLICK HERE.

Good Luck

Stock Idea: Infosys Technologies

Karvy Stock Broking has maintained its buy rating on Infosys Technologies with a target price of Rs 2250 in its July 15, 2008 research report. "Infosys for Q1FY09 reported a sequential revenue growth of 6.9% to Rs 48.54 billion, with onsite and offshore billing rates inching up by 2% and 1% respectively, in an environment, where getting billing rate increases are difficult. Over the last one quarter there is some worsening of the environment in US (particularly in BFSI and retail), but clients of Infosys has decided on stick to the budgets and there is no real threat its full year dollar revenue guidance of USD 4.97–5.05 billion, which it gave at the end of Q4."
"At the current price, the stock is trading 16xFY09E and 12xFY10E, and the return ratios are at healthy levels of close to 37%. Though the stock has fallen by more than 10%, post the results, mainly on the back that the company has not revised its dollar revenue guidance and the fear that the BFSI vertical might experience much weaker revenue growth going forward. We believe it is an ideal opportunity to accumulate as the company would be growing its earnings close to 30%, and maintain our BUY rating with a price target of Rs 2250, which would give a return of 40% over the next one year," says Karvy's research report.

Intraday Trading Calls for 15th July

Indian Stock Market may open weak as all global markets trading weak. Some recovery expected in mid-session and again Stock Market India may close flat today.

Today's Intraday Trading Calls / Stock Tips:

Buy following scrips at Lower Levels of about 2-3% down to previous close for fast recovery gains with appropriate Stop Loss.

PUNJ LLOYD (211)

SATYAM COMPUTER (409)

HCL TECH (225)

INDIABULLS REALEST (277)

ROLTA INDIA (283)

VIDEOCON INDUSTRIES (275)

RPL (167)

Good Luck