newsletter

(ss)

Something is happening here at MVL. Look at the trend! Jesus! BTW, this was one of the buy reco in last week's Spark blog. I don't know anything about the financials / profit and loss etc, but the price is rising with volume. That is all I need! Everything else is secondary!

Punj Lloyd Chart - Hourly:

Punj Lloyd has formed a possible Symmetric Triangle, watch out for the Breakout/Breakdown with good volumes. Breakout or Breakdown may give Rs.25

A K Prabhakar)

Advance tax figures will make the difference today in market and Nifty trailing P/E is 22.03 and Sensex P/E is 21.37 and if Index EPS growth is maintained around 20-25% then 8-10% upside can be possible in both indices in near term but being stock specific would be advisable. Hotel stocks can be positive after RBI has removed the clause for hotels to be classified as commercial real estate, enabling the companies avail credits at cheaper rates HOTELLEELA/INDIANHOTEL and MAHIDHRAHOLIDAY would be good pick.

http://www.thehindubusinessline.com/2009/09/16/stories/2009091652220100.htm

http://economictimes.indiatimes.com/Market-News/Advance-tax-pay-charges-up-bulls/articleshow/5016197.cms

http://www.business-standard.com/india/news/q2-advance-tax-collections-point-to-robust-recovery/370261/

 

ADVANCE SIGNALS Second installment of advance tax (paid on Sept 15)
Company	2008	2009	% Change
SBI	1500	1838	22.53
RIL	683	1157	69.40
Tata Steel	1000	400	-60.00
DICGC	773	850	9.96
eICICI Bank	575	501	-12.87
HDFC Bank	315	425	34.92
TCS	81	220	171.60
Ambuja Cements	175	150	-14.00
Bank of Baroda	255	412	61.57
BPCL	0	312	NA
Union Bank	108	207	92.00
L&T	150	210	40.00
Bank of India	90	269	198.89
Asian Paints	50	85	70.00
Tata Motors	60	130	116.67
Ultratech	41	125	204.88
M&M	17.5	112	540.00
Central Bank of India	91	79	-13.19
IDBI Bank	20	62	210.00
Tata Power	14	75	435.71
Lupin	17	50	195.00
Tata Chem	61	60	-1.64
Dena Bank	30	45	50.00
Idea	27	32	18.52
Bajaj Auto	90	170	89.00
Videocon Industries	25	30	20.00
Lubrizol India	10	20	100.00
Sterlite Tech	6	20	233.33
Indian Hotels	50	0	NA
Figures in Rs crore

http://economictimes.indiatimes.com/FIIs-fear-higher-tax-outgo-under-new-tax-code/articleshow/5016220.cms FIIs fear higher tax outgo under new direct tax code


PIPAVAV SHIPYARD issue opens today but looks expensive to its peers and one may accumulate BHARTI SHIP and ABG SHIP for long-term returns instead of waiting for PIPAVAV allotment.

SEBI is expected to give next week a 14-day notice to both Bharati Shipyard and ABG Shipyard, which are locked in a fierce takeover battle for Great Offshore, to come up with their final price quotes. Bharati and ABG have to give their quotes in closed envelopes before the deadline ends. Sebi will let both companies run their open offers simultaneously. Both companies can revise their already announced offer prices. No third company will be allowed to enter the fray. Bharati has revised its open offer price to Rs 405 per share, while ABG has given a counter offer of Rs 520. With 20 per cent in Great Offshore already with it, Bharati is looking for another 20%. ABG has a shade below 8% and wants to mop up 32% from the market

The RBI has removed the clause for hotels to be classified as commercial real estate, enabling the companies avail credits at cheaper rates and the move is expected to help companies lower overall cost of hotel projects which has created fresh buying interest in hotel stocks – INDIAN HOTEL and HOTEL LEELA may see 6-8% more gains.

The Indian government is likely to borrow INR1.58 trillion in the second half of this fiscal year, exceeding its earlier target by INR60 billion to accommodate part of the amount from a bond auction scrapped earlier, a senior finance ministry official said Tuesday.

India is failing to curb a growing Maoist insurgency, Prime Minister Manmohan Singh said Tuesday, while also warning of a "worrisome" upswing in cross-border infiltration by Pakistan-based militants.

PUNJLLYOD block deal of 4 lakh shares was executed on BSE at Rs 264.25 per share.

Tata Motors is planning to sell an about 10%-15% stake in its Tata Motors Finance unit as part of its plan to reduce debt. The company plans to sell stakes in various subsidiaries in order to reduce debt, the Web site reported. The sale of the finance unit stake could realize about INR2 billion, it added. Tata Capital could buy the stake from Tata Motors, but the company has also approached other companies operating in the same industry, the Web site reported people connected with the issue as saying. http://economictimes.indiatimes.com/News-by-Industry/Tata-Motors-may-sell-15-in-fin-arm/articleshow/5015925.cms

FOR DATE 16-9-2009,
SCRIP = CUMMINS (I) (BSE),
SCRIP CODE = 500480,
PREVIOUS CLOSE = 367.5,
STOP LOSS = 351,
TARGET = 433.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR, CLICK THE LINK ABOVE LIVE SENSEX WATCH.)

CHART AS ON 15-9-2009,

WITH A CONSIDERABLE RISE IN VOLUMES, THIS STOCK HAS GIVEN A FRESH BREAKOUT IN THE LAST TRADING SESSION. THIS STOCK WAS IN CONSOLIDATION FROM MID AUGUST.
THE STOCHASTICS, RSI AND MACD HAVE GIVEN A POSITIVE CROSSOVER.
PORTFOLIO MANAGEMENT RULES AND TECHNICAL ANALYSIS INDICATE THIS COUNTER GOOD FOR SHORT TO MEDIUM TERM RANGE.
STRICTLY FOLLOW THE STOP LOSS.
MY CHART

Nifty :: Money power ignore all negative chart pattern and divergence, made an Engulfing, Black Hold line bullish candle pattern. But still all negative factor alive. Be careful in buying at high near strong resistance zone 4966 to 5110..(As per Ending Diagonal pattern Nifty extreme target near 5000 and as per Diametric pattern Sensex maximum target near16700).. Our strategy for 16th Sep. if Nifty open gap up sell at high (S.L 5010/5020) buy in deep (S.L 4832/4830).. Resistance for up move at 4912/4941/ 4966/4978/4990/5010.. Supports at 4861/4854/4832/4786..

IL & FS INVE - MOMENTUM PICKING UP

TARGET 1 = 280
TARGET 2 = 325
STOP = 210





textile stocks :

Bombay Rayon , Bombay Dyeing and Century textiles are seeing buying. Charts for two posted below.

Maha Seamless and Havells have seen increasing volumes with price moves. Buy on current levels with a stop of 4% from current closing tgt 15% upmoves in 2-3 weeks.

Patel Airtemp , WWIl traders can watchout for short term moves.