Intraday Trading Calls for 29th July

Indian Stock Market may open with gap down as all global markets trading lower and US Markets closed deep in red yesterday. A nagetive closing expected today.

Today's Intraday Trading Calls/ Stock Tips:

CAIRN INDIA (226)

Buy above 228.60 Targets 232.50, 235.60

Sell Below 223.50 Targets 220.10, 217.20

RENUKA SUGAR (126)

Buy above 127.55 Targets 130.50, 134.60
Sell Below 124.70 Targets 121.65, 118.20

EXIDE INDUSTRIES (70)

Buy above 71.20 Targets 73.65, 75.75
Sell Below 68.90 Targets 67.10, 65.05

PRAJ INDUSTRIES (202)

Buy above 204.60 Targets 207.50, 211.40
Sell Below 199.70 Targets 196.25, 192.50

ESSAR OIL (188)

Buy above 190.40 Targets 194.20, 198.60
Sell Below 185.70 Targets 182.10, 178.20

Others: Selan Exploration, Shiv Vani Oil, NIIT Tech, Sasken Communication.

Good Luck

Intraday Trading Calls for 28th July

Indian Stock Market May open nagetive but some recovery expected from lower levels and it may trade flat to positive through out the day today.

Today's Intraday Trading Calls / Stock Tips:

CHENNAI PETRO (300)

SATYAM COMPUTER (274)

CROMPTON GREAVES (242)

YES BANK (127)

MERCATOR LINES (96)

VOLTAS (124)

Buy at lower levels to previous close for Target of 5-10% with Stop Loss of 1-1.5%.

Good Luck

Intraday Trading Calls for 25th July

Indian Stock Market may open with gap down but some recovery expected after that. But remains very volatile and nagetive closing expected.

Today's Intraday Trading Calls / Stock tips :

CHENNAI PETRO
SELMCL
CAIRN INDIA
SATYAM COMPUTER
PRAJ INDUSTRIES
VOLTAS

For Levels and Targets CLICK HERE.

Today Keep an eye on Infosys, Tech Mahindra, TCS, Mphasis, NIIT Tech, Sasken, HCL Tech etc.

Short-Med Term Delivery Buy Spanco Tele (94) Target 140+ (Long Term Target 200+).

Good Luck

Stock Idea: Chennai Petroleum Corporation

Chennai Petroleum Corporation, as expected, has posted very good results for first quarter ended 30-06-08. Though the topline growth was good, profit growth was spectacular.
Its net sales rose 34% at Rs.11,253.20 crore. Its operating expenses rose 31%. EBIDTA showed a 82% jump at Rs.1,179 crore. Other expenditure included exchange fluctuation loss of Rs.198 crore million for the quarter. Its PBT consequently shot up by a whopping 104% at Rs.373.85 crore. Tax outgo was up 104%, yet it managed to show a spectacular 104% jump in PAT at Rs.703.27. crore.
Gross Refining Margin for the quarter was $ 15.89 / bbl as compared to $ 8.76 / bbl during the corresponding quarter of the previous year and $ 8.47 / bbl for the previous financial year.
The company posted its historically highest profit margins. OPM was at 10.48% and NPM at 6.25%.
The company, a subsidiary of Indian Oil Corporation (IOC), supplies its entire production to IOC at prices which it would pay to an international supplier. Hence, the biggest advantage which the company has is that its entire production is already booked but at existing international oil prices. It is not shackled under the Govt’s pricing. So it enjoys international rates, keeps its costs same and thus manages to reap a bounty.
The company is putting up another hydro diesel desulphurization unit at its Cauvery basin refinery. This would help the company overcome the problem of feedstock availability and expand its crude product line.
Currently quoted at Rs. 295, if you have the stock, hold on, it could prove to be a goldmine.

source: sptulsian.com

Intraday Trading Calls for 24th July

Indian Stock Market may open positively but it may face some profit booking at higher levels and remains flat for the day today.

Today's Intraday Trading Calls / Stock Tips:

ROLTA INDIA

ESSAR OIL

VOLTAS

BPCL

NEYVELI LIGNITE

ZEE ENTERTAINMENT

For Levels and Targets CLICK HERE.

Today Keep an eye on Zee News, Hanung Toys, SEL Manufacturing.

Short-Med Term Delivery Buy VOLTAS (124) Target 150+ (Long Term Target 250+).

Good Luck

Stock Idea: Voltas

Voltas has announced its first quarter results. The company's standalone net profit was up at Rs 85.1 crore versus Rs 52.2 crore (YoY).
Key takeaways from Voltas concall:
Income from Operations rose by 22% to Rs 1017 crores, as against Rs 834 crores in the same period last year.
Operating Profit (Profit before Tax and Exceptional Income /(Expenses)) increased by 32% to Rs 103 crores as against Rs 78 crores in the same period last year.
Profit after Tax increased by 63% to Rs 85 crores, as compared to Rs 52 crores in the same period last year.
EPS at Rs 2.57 on face value of Re 1 (not annualised).
Total order-book at Rs 5923 crores up by 165%.
International order book at Rs 4600 crore.
The Company’s Electro-mechanical Projects and Services segment’s revenues grew by 24%. The Order Book of this segment stands at Rs 5675 crores, registering a growth of 183%.
The Engineering Products and Services segment’s revenues grew by 23%, in the face of the continuing decline in demand for capital equipment.
Mining & Construction Equipment business achieved 39% growth in sales.
The Unitary Cooling Products for Comfort and Commercial Use segment’s revenues grew by 20% including 29% value growth in air conditioners.
The cash balance as on June 30, 2008 is Rs 370 crore.
Source: moneycontrol.com

Markets Today

Markets closed at day’s high after D day verdict as UPA government has won vote of confidence by 19 votes wherein 275 seats were in favour of them and 256 in against of them. It was biggest single intraday points gain for Sensex since March 25, 2008. In last five trading session the Sensex has recovered around 20% from its recent lows of 12576 (July 16, 2008).
All BSE sectoral indices were closed in green. Strong buying interest was seen in bank, realty, capital goods, power, metal and oil and gas sectors, which were up anywhere between 5% and 10%. The BSE midcap and small cap indices were also closed with good gains; they were up 5% and 4% respectively.
For quite some time markets were trading under pressure as political concern, rising crude price, inflation, rupee depreciation. Out of these, now political concern is out of the way after UPA government wins. There are sign of crude cooling off and which will auger well for rupee appreciation. So one can expect further rally in the coming days.
The Sensex was up 838.08 points or 5.94% at 14942.28, and the Nifty was up 236.70 points or 5.58% at 4476.80.
Market breadth was positve, about 2371 shares have advanced, 574 shares declined, and 205 shares are unchanged.
Top gainers on the bourses were Reliance Communications up 12.20%, ICICI Bank up 11.64%, HDFC up 10.92, SBI up 10.45% and Reliance Infra up 10.36%
However, top losers on the bourses were Cairn India at Rs 220.45 down 2.46% Cipla at Rs 232.50 down 2.21% and HUL at Rs 231.05 down 0.65%.
The BSE Bankex was up 9.99% or 662.52 points at 7291.Yes Bank, Karnataka Bank, Kotak Mahindra, Federal Bank, IDBI Bank and ICICI Bank spurted up.
The BSE capital goods index was up 8.18% or 933.47 points at 12,339.77. Punj Lloyd, Siemens, BHEL, Suzlon Energy, Crompton Greave, L&T and AIA Engineering gained.
The BSE realty index was up 8.08% or 388.78 points at 5,199.27. RNRL, Essar Oil, BPCL, IOC and Petronet LNG.
The BSE power index was 7.74% or 194.43 points at 2,707.11.
The BSE metal index was up 6.85% or 838.07 points at 13,070.52. Sesa Goa, Jindal Steel, Ispat Industries, SAIL and Jindal Saw ended green.
The BSE oil & gas index was up 5.14% or 482.28 points 9,864.59. RNRL, Essar Oil, BPCL, IOC and Petronet LNG ended up.
The BSE auto index closed up with 3.86% or 140.12 points at 3,768.18. Cummins, Escorts, MRF, Hind Motors, Exide Industries and Tata Motors moved up.
The BSE IT index was up 2.35% or 85.59 points 3,733.51. Financial Tech, Aptech, HCL Tech and Wipro closed positive.
The BSE health care index was up 1.26% or 52.11 points at 4,192.94. Wockhardt, Dishman Pharma, Piramal Health, Divis Labs and Matrix Lab surged.
The BSE FMCG index was up 1.13% or 23.90 points at 2,141.84. Marico, United Spirits, Bata India and Godrej Consumer. moved up.
Turnover traded by markets has improved, which stood at Rs 95860.28 crore . This includes Rs 20400.14 crore from NSE Cash segment, Rs 68010.68 crore from NSE F&O and the balance Rs 7449.46 crore from BSE Cash segment.

Source: moneycontrol.com