MKT NEWS

Buy Power Finance Corporation - Target 162 - Within 2 Months
Buy TV 18 - Target 278 - Within 2 Months


Buy Glenmark Pharma - Target 658 - Within One Month
Buy Thiru Arooran Sugars - Target 145 - Within One Month

Tata Steel breaks down and eyes the lower Bollinger Band at 574.

The weak fall first ! The Metals sector gives up and breaks the trendline (above) followed by Health Care (below).
and the strongest sector - Banks - shows some weakness as it breaks the yellow line, but is still above the blue trend line (bottom).

The top red line at 4658 continues to offer resistance. We are now resting on the blue trend line and one more down day will break it. This will also bring us down below the yellow line at 4537.80. Next supports are at 4471 and 4370.

Yesterday Afternoon already mention regarding gap down open for today

Among the stocks to watch, expect the airline stocks build on their gains as oil continues to fall. Banks might be under pressure reflecting the negative sentiment in financials on Wall Street

selling in cement stocks

Our ICICI BANK,NIFTY,AXIS, all stbt

TRENT LTD BSE Code : 500251 (545.85)

Buy around 545 to 548 with Sl of 520 for a Target of 575 , 590.

Anil Ambani-promoted Reliance Natural Resources (RNRL) on Tuesday demanded Rs 50,000 crore from Mukesh Ambani-owned Reliance Industries (RIL) to scrap the so-called gas sale master agreement (GSMA) signed between the two companies

Market may open down. Market may up between 11.22 and 11.38. Market may steady or up side between 14.00 and 14.27. Market may close at up to previous closing.




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Opening Bell Call
Buy

RELIANCE - Reliance Industries Ltd
CAIRN - Cairn India Limited
DLF - DLF Limited
NAGARCONST - Nagarjuna Construction Co. Ltd
HINDUNILVR - Hindustan Unilever Limited

On 12th August 2008 - The BSE Sensex closed at 15,212 (down 291 points) while the NSE Nifty closed at 4,552 (down 68 points).

Opening Bell Call
Sell

NDTV - New Delhi Television Limited
MTNL - Mahanagar Telephone Nigam Ltd.
3MINDIA - 3M India Limited
RNRL - Reliance Natural Resources Limited
IFCI - IFCI Limited
ISPATIND - Ispat Industries Limited

Technical Analysis for 13th August 2008

BSE-SENSEX - Major Support - 15168, 15031, 14940, 14850, 14622, 14395, 14167
BSE-SENSEX - Major Resistance - 15305, 15395, 15486, 15623, 15760, 15987, 16215

NSE-NIFTY - Major Support - 4538, 4501, 4476, 4451, 4389, 4327, 4265, 4203
NSE-NIFTY - Major Resistance - 4575, 4600, 4625, 4662, 4699, 4761, 4823, 4885


Dated : August 13, 2008

BHEL (1805)

India's largest engineering and manufacturing enterprise is facing resistance @ 1875 levels after a successful rise from 1300-1350 in the last 2 months.

Unless 1875 is not crossed soon the stock can fall upto 1650 levels. Hence, fresh long positions should be avoided in till then.

Aug 12, 2008 (yesterday) Stock Idea - Mold-Tek Technologies Recommendation: Buy CMP = Rs 72 (at the time of this recommendation) Price target: Rs 169 Key points: Q1FY2009 revenues of Mold-Tek grew by 23% yoy to Rs 33.9 crore. While the plastic division’s revenues grew by 24% yoy, the KPO division’s revenues grew by 18.2% yoy during the quarter. The operating profit margin improved by 312 basis points during the quarter on account of better profitability of the plastic division. The earnings before interest and tax margin of the plastic division improved by 10 basis points. Consequently, the company’s operating profit grew by 52.6% yoy to Rs 5.5 crore during the quarter. The interest and depreciation grew by 63.2% and 20.6% respectively during the quarter. The company’s net income grew by 54.9%. yoy to Rs 4.2 crore. It also announced that the high court of Andhra Pradesh has approved the de-merger of its structural engineering KPO operations and the plastic packaging product manufacturing division. Mold-Tek is witnessing traction in its high-rise building business. It has added 2 new & prominent clients in Canada and one in Amsterdam. To cater to these clients and the potential new clients, the company plans to expand its HRB team from 50 to 170 members. It also plans to open a new branch in Nasik and the revenues from this branch are expected to flow from Q3FY2009. At the current market price, the stock is trading at attractive valuation of 4.9x FY2009 earnings estimate and 3.7x FY2010 earnings estimate. I maintain Buy recommendation on the stock with price target of Rs 169 over next 6-7 months.