Sensex Technical View :
Sensex has bounced back from the zone of 15300-15500 by making a low of 15330. The current close at 15900 would have given traders good gains if used the detailed analysis posted on Monday !!
In the near term upside resistance at 16040/16270. Supports in the zone of 15700/15500.
Volatility may continue in a tight range in next few sessions.
Stocks to watchout for :
Weird small cap stocks :
Kopran Ltd ... the stock give 30-40% over next few mths ?
Paramount Communications .... Huge volumes in the last few sessions. Stock can double up in next 3 mths.
Cranes Software .... excellent bottom fishing candidate can surprise a 20% move.
These are speculative calls so please do your own research !!! !!!
MY CHART
My personal opinion on this stock with regard to its’ price performance in short to long term on basis of Fundamental analysis , Technical analysis and exclusive multi bagger reliable news sources are exclusively reserved for the registered member with detailing of the same. Only registered member have right to email me mentioning the name and date of registration to ask for the same.
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Buffett, once commented that he is looking for elephants where he can deploy his company's cash hoard and therefore he would not be in pursuit for mice. Finally, after looking out for months and traveling around the world for the elephant he has been looking for, he has spotted one - Burlington Northern, a railroad company. Buffett is about to seal the third largest take over deal that the world has witnessed in the recent months. After the 64 billion USD purchase of Wyeth by Pfizer and the 47 billion USD purchase of Schering by Merck, this deal is valued at somewhere around 44 billion USD.
Also, this purchase is the largest ever for Berkshire and will cost the company 26 billion USD for the 77% stake of the railroad that i does not already own. Including Buffett's previous investments and the 10 billion USD debt that Berkshire agreed to takeover from Burlington, the deal is valued at 44 billion USD. Berkshire has been building stake in the company since 2006. At 100 USD per share, which Buffett is offering, the company is valued at around 18 times its estimated 2010 earnings.
Buffett had even traveled to Europe and Asia on the look out for a possible acquisitions. After failing in finding one, he wrote to his shareholders that he was not able to find companies that he considered large enough to meaningfully add to annual earnings. Burlington, is a railroad company with around 3.3 billion USD pretax income on revenues of around 18 billion USD last year. Even after the addition of this company to his kitty, the insurance arm would still be his largest. It earned around 7.5 billion USD on revenue of around 30 billion USD last year.
So with such a huge deal, where do you think Buffett is placing his bets? I believe that he is betting on economic recovery of the country and higher oil prices in the future. Trains stand to become more competitive against trucks with higher fuel prices. It was only recently announced that the US economy has returned to growth in the Q3 after the economy expanded by around 3.5% in the September quarter.
Railroads burn less diesel than trucks for each ton of cargo carried, giving companies such as Burlington a strong grip in bulk commodities. Buffett once said in 2007 that the railroads may prosper at the expense of trucks. He pointed out that the oil prices go up, higher diesel fuel raises costs for rails, but it raises the costs for its competitors mainly trucker, roughly by a factor of four.
So, whats up with Arshiya International? As many of you might know, Arshiya is one of HBJ's recommendation. Even the recommendation report is available for free download. It has the license to operate pan India rail network and it is currently involved in setting up of huge infrastructure. Though Arshiya, at its current status may not be comparable to Burlington in any way, one cannot rule out the possibility of it becoming Burlington in India over a longer period.
We all know that even the strongest bull markets aren’t one-way affairs. They’re often interrupted by short-term corrections typically lasting six to eight weeks with prices falling 10 percent to 15 percent. And right now I think such a correction is underway. So far we have already seen a correction of 9-10% for Nifty (made 52 week’s high of around 5180 & low 4550; Wednesday closing at 4710). In today’s trade Nifty crossed 100 DMA of 4634 and closed at 4710 which is a good sign but as I mentioned in my last posting that the upward move will not be sustainable!!!
If Nifty falls below 4634 & remain there for 1-2 days, it is likely to see 4400 levels. I get the impression that the first big correction of this medium-term up trend which started in March’09 is already underway. I expect it to last until mid to late November and bring prices back 10 percent to 15 percent. Expect Nifty to bottom out around 4400 levels. Sell-off in the market is likely to continue till mid or end Nov’09.
However, I don’t expect this correction to herald a major trend change. Hence, I suggest you to consider using it as a buying opportunity because leading economic indicators point to a continuation of the economic rebound.
We all know that current economic growth numbers aren’t genuine or say real, but the market doesn’t really care this in short term. Government stimulus is keeping the economy afloat. As some very good economists have pointed out, this growth is mainly due to government stimulus. This means we’re dealing with an economy on life support.
Bottom line: I expect the rebound to continue which started in March’09. I expect a somewhat larger correction here, some 10 to 15 percent. So I don’t think it’s time to jump in with both feet yet. But after this correction has run its course — probably in two to four weeks — I expect the medium-term uptrend that started in March to resume.
Nifty :: An Insider day with Bullish Harami candle pattern, required breakout of 4730 for bullish conformation.. Volume is still low .. If Nifty break 4730 be careful at higher level, still Nifty in mid term corrective mode so avoid to take fresh position at higher level.. Those who buy yesterday in deep please book profit at high in intraday near next resistance level.... On 5th Nov. watch important level 4700/4705. Above 4705 momentum seems up below 4700 once again momentum turns weak.. Our strategy for 5th Nov.. Below 4700 sell at high (S.L 4730) buy in deep (S.L 4591).. If Nifty sustain above 4705 change strategy as buy in deep (S.L 4700) Sell at high (S.L 4810).. Resistance for up move at 4722/4730/4738/4783/4810.. Supports at 4663/4627/4605/4591/4565/4538..
 | Everest Kanto Cylinder :(EKC) Falling heard from top of 239 and touch 133 On 3rd Nov. Which is exactly match Intermediate C of 3rd leg second target. … Watch strong support 133. If sustain above 133 Buy in decline in between 135 to137 with Strictly Stop Loss 133 for target of 4th leg in between 150 to 166 in coming day’s.. If fail to sustain above 133 next buy level came near 107 to 100 for swing 4th wave up… |
About The Company
Mukand Ltd. is numero uno among manufacturers of alloy and stainless steel long products in India. Mukand Ltd. has a record of proven leadership in building the machines that build the sinews of economic power.
About The Results
What has really helped this Bajaj company shore up its margins is the aggressive reduction in operating expenses. Despite a 11% (YoY) fall in net sales at Rs.518.81 crore, the company managed to show an over 11 times rise in net profit at Rs.16.31 crore. The operating expense of the company was reduced by 15% and this helped shore up the profit margins substantially. It managed to bring down costs on raw material, employee costs and power and fuel expenses, which helped the overall performance.
Reduction is excise duty during the stimulus package almost halved the excise duty collection of company from Rs.78.48 crore to Rs.40.92 crore and this in turn got down the gross sales. Lower realisation on steel products also reduced the overall sales.
The company has completed its Rs.350-crore expansion of capacity from 300,000 tonnes to 500,000 tonnes of high-quality speciality steel during Q2FY10 and by end of FY10, it would be able to stabilise the operations and start production at its full enhanced capacity. The full impact of this would be seen in the performance of FY11.
Reduction in raw material prices would have been easier in Q2 but now it would be difficult. The company has already started witnessing a surge in its raw material prices and has, in tandem, increased the prices of its specialty steel by 5-7% in October.
The company currently has a debt of around Rs.1500 crore and over the next 12 months, it plans to bring it down through sale of its surplus land, around 60-100 acres at its plant in Kalwa, Thane, which is estimated to fetch around Rs.700-800 crore. The company has a substantial land bank - 42 acres at Sinnar (Nashik), 40 acres at Lonand (Pune), 210 acres in the Thane-Belapur area and around 250 acres at Giningera in Karnataka.
About The StockMy personal opinion on this stock with regard to its’ price performance in short to long term on basis of Fundamental analysis , Technical analysis and exclusive multi bagger reliable news sources are exclusively reserved for the registered member with detailing of the same. Only registered member have right to email me mentioning the name and date of registration to ask for the same.
ss)
At last, we have a bounce! As expected,the advance decline ratio has turned up from the 0.5 level. It's a good thing that we have had this correction as it cleans up the system, gets rid of some froth and brings fresh perspectives into the market. The best shot in the current set up is the market going back up to the 20 day average at around 4950~ The extreme oversold condions will attract more buyers and the resistance offered by of the two trendlines above, is more likely to get taken out. This looks like a "buy on dips" scenario than "sell on rallies"
Buffett, once commented that he is looking for elephants where he can deploy his company's cash hoard and therefore he would not be in pursuit for mice. Finally, after looking out for months and traveling around the world for the elephant he has been looking for, he has spotted one - Burlington Northern, a railroad company. Buffett is about to seal the third largest take over deal that the world has witnessed in the recent months. After the 64 billion USD purchase of Wyeth by Pfizer and the 47 billion USD purchase of Schering by Merck, this deal is valued at somewhere around 44 billion USD.Also, this purchase is the largest ever for Berkshire and will cost the company 26 billion USD for the 77% stake of the railroad that i does not already own. Including Buffett's previous investments and the 10 billion USD debt that Berkshire agreed to takeover from Burlington, the deal is valued at 44 billion USD. Berkshire has been building stake in the company since 2006. At 100 USD per share, which Buffett is offering, the company is valued at around 18 times its estimated 2010 earnings.
Buffett had even traveled to Europe and Asia on the look out for a possible acquisitions. After failing in finding one, he wrote to his shareholders that he was not able to find companies that he considered large enough to meaningfully add to annual earnings. Burlington, is a railroad company with around 3.3 billion USD pretax income on revenues of around 18 billion USD last year. Even after the addition of this company to his kitty, the insurance arm would still be his largest. It earned around 7.5 billion USD on revenue of around 30 billion USD last year.
So with such a huge deal, where do you think Buffett is placing his bets? I believe that he is betting on economic recovery of the country and higher oil prices in the future. Trains stand to become more competitive against trucks with higher fuel prices. It was only recently announced that the US economy has returned to growth in the Q3 after the economy expanded by around 3.5% in the September quarter.
Railroads burn less diesel than trucks for each ton of cargo carried, giving companies such as Burlington a strong grip in bulk commodities. Buffett once said in 2007 that the railroads may prosper at the expense of trucks. He pointed out that the oil prices go up, higher diesel fuel raises costs for rails, but it raises the costs for its competitors mainly trucker, roughly by a factor of four.
So, whats up with Arshiya International? As many of you might know, Arshiya is one of HBJ's recommendation. Even the recommendation report is available for free download. It has the license to operate pan India rail network and it is currently involved in setting up of huge infrastructure. Though Arshiya, at its current status may not be comparable to Burlington in any way, one cannot rule out the possibility of it becoming Burlington in India over a longer period.
We all know that even the strongest bull markets aren’t one-way affairs. They’re often interrupted by short-term corrections typically lasting six to eight weeks with prices falling 10 percent to 15 percent. And right now I think such a correction is underway. So far we have already seen a correction of 9-10% for Nifty (made 52 week’s high of around 5180 & low 4550; Wednesday closing at 4710). In today’s trade Nifty crossed 100 DMA of 4634 and closed at 4710 which is a good sign but as I mentioned in my last posting that the upward move will not be sustainable!!!If Nifty falls below 4634 & remain there for 1-2 days, it is likely to see 4400 levels. I get the impression that the first big correction of this medium-term up trend which started in March’09 is already underway. I expect it to last until mid to late November and bring prices back 10 percent to 15 percent. Expect Nifty to bottom out around 4400 levels. Sell-off in the market is likely to continue till mid or end Nov’09.
However, I don’t expect this correction to herald a major trend change. Hence, I suggest you to consider using it as a buying opportunity because leading economic indicators point to a continuation of the economic rebound.
We all know that current economic growth numbers aren’t genuine or say real, but the market doesn’t really care this in short term. Government stimulus is keeping the economy afloat. As some very good economists have pointed out, this growth is mainly due to government stimulus. This means we’re dealing with an economy on life support.
Bottom line: I expect the rebound to continue which started in March’09. I expect a somewhat larger correction here, some 10 to 15 percent. So I don’t think it’s time to jump in with both feet yet. But after this correction has run its course — probably in two to four weeks — I expect the medium-term uptrend that started in March to resume.
(A K Prabhakar)
TATACOMM is a good stock in bad times, the stock has been removed from Nifty so index based fund sold-off after which Telecomm stock saw huge correction. The Company has 773acres of land all over India and Government of India should decide the mode to liqiudate and present market Rs.356 is attractive buy for long term investor as normally promoters TATA group hike stake when price reach this level.
The location and valuation of the land bank:-
Location | Land Area | |
Acres | Mn Sq Ft | |
Delhi - Greater Kailash | 70 | 3.05 |
Delhi - Chhattarpur | 58 | 2.53 |
Pune - Dighi | 524 | 22.83 |
Kolkatta - Halisahar | 35 | 1.53 |
Chennai - Padinallur | 86 | 3.74 |
Total | 773 | 33.68 |
Brokerage House | Value per Share | Time |
IIFL | 141 | Jul-08 |
JP Morgan | 198 | Oct-06 |
Kotak | 169 | Oct-06 |
BNP Paribas | 151 | Apr-08 |
CLSA | 180 | Jun-08 |
IndiaBulls | 126 | Aug-08 |
Religare | 110 | Sep-07 |
Govt fiscal deficit is running high so it would like to mop-up revenue by selling stake in PSUs. TATACOMM surplus land minority stake in Companies like TATACOMM can get disinvested in future.
NIFTY HAS CLOSED AT 4711.70 LEVEL...GOING AHEAD RESISTANCE LIES AT
4831 AND 4921 LEVELS ABOVE WHICH CAN TGT 4959-5025 LEVELS...NIFTY CAN
TOUCH 4619 LEVEL ON DOWNSIDE AFTER WHICH SOME CONSOLIDATION CAN BE
EXPECTED...NIFTY SUPPORT IS AT 4530 LEVEL...CLOSING BELOW 4530 CAN TAKE
NIFTY TO 4456 AND 4380 LEVELS...
TOMM NS MAY OPEN WITH +VE BIAS,MAY TRADE IN 4784-4685 RANGE,4751 MAY
FACE SOME RES INITIALLY
Sell NF Below @ 4684 and 4663 Target 4620-4520 to 4374.SSL-4736,Main
support level-4681-4657-4632
Buy NF Above @ 4720 and 4736 Target 4767-4812 to 4857.SSL-4663.Main
resistance 4772-4824-4848
Irrational exuberance from Bulls & Bears
Plz be very carefull !!!!!
4831 AND 4921 LEVELS ABOVE WHICH CAN TGT 4959-5025 LEVELS...NIFTY CAN
TOUCH 4619 LEVEL ON DOWNSIDE AFTER WHICH SOME CONSOLIDATION CAN BE
EXPECTED...NIFTY SUPPORT IS AT 4530 LEVEL...CLOSING BELOW 4530 CAN TAKE
NIFTY TO 4456 AND 4380 LEVELS...
TOMM NS MAY OPEN WITH +VE BIAS,MAY TRADE IN 4784-4685 RANGE,4751 MAY
FACE SOME RES INITIALLY
Sell NF Below @ 4684 and 4663 Target 4620-4520 to 4374.SSL-4736,Main
support level-4681-4657-4632
Buy NF Above @ 4720 and 4736 Target 4767-4812 to 4857.SSL-4663.Main
resistance 4772-4824-4848
Irrational exuberance from Bulls & Bears
Plz be very carefull !!!!!
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