About The Company
This is a small company which supplies seats mainly to Maruti Suzuki. It also now supplies seats to two-wheelers of Suzuki. And given the growth of Maruti since the past few months, with new models being launched, naturally, this small cap company had to post a good set of results.
About The Financials
The company has posted results for the second quarter ended 30th September 2009, the company posted a net sales of Rs.84.20 crore, up 13% on a QoQ. Net profit was at Rs.1.34 crore, up 52% on a QoQ. For FY09, the company had posted a net profit of Rs.2.76 crore, so what is assured this fiscal, FY10, the company would have a much higher topline and bottomline growth.
About Its Business
The company operates in a very low margin. Maruti and Suzuki each hold a 14.81% stake in the company.Business is good for the company. It has now increased its capacity by 28% and it makes 1700 seats per day for the cars alone. The company has for the first time, broken away a bit from this dependence on Maruti alone and has just delivered a trial order of seats to the Indian Railways. If it gets the nod for firm order, it would mean good times rolling for this small-cap company.
About The Stock
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.
JINDALSTEL - If any body see better than this chart in the world for the year 2008-09, please inform me. Just i want to see it. Continues Higher High and Higher Low for the last Twelve months (Dec-08 to Nov.09). I hope this is the only one in the world. Still high is yet to form. Marching towards 1033.
The market did open flat to negative with seen a negative session,with a selling pressure since morning and ended with a deep loss.Nifty could not hold the support level of 5040 as written few days back by me and once broken this level we seen decent selling pressure in the market that dragged nifty to kiss its support level of 4963 and a short recovery helped market to close above this level but closed below its support level of 5040.Nifty will try to find out a support near 4960 and then 4935 zone and if its unable to get a support then this selling will be continue till 4860 and from this level a respite rally is expected that can help market to see again the level of 4965-5030.but as of now nifty is below its major support level of 5030,so the trend will be downtrend on every rise until 5030 is taken out.
NIFTY (4989)
Resistance : 5030 / 5095
Support : 4945 / 4925 / 4860
SENSEX (16786)
Resistance : 16955 / 17130
Support : 16665 / 16540
NIFTY FUT (4987)
Resistance : 5040 / 5090
Support : 4955 / 4915 / 4850
MKT COMMENTS
NIFTY FUT OI down 14.63% with 28% increasing volumes indicating unwinding in current series plus forming of fresh shorts in next series.
We expect NIFTY FUT to trade negative with volatility.
On Friday,Opening Is Flat To Down,
Buy NIFTY Above 5025,Sl Below 5005,Tgt 5050/5075/5090
Sell NIFTY Below 5000,Sl Above 5020,Tgt 4975/4950/4935
BUY
GAIL Above 290,SL 285,Tgt 300/310
PTC Above 105,Sl 100,Tgt 115/120/125
HUL Above 275,Sl 270,Tgt 280/285
BALAJITELE Above 50,Sl 45,Tgt 55/60/65
Sell
PUNJLOYD Below 210,Sl 215,Tgt 205/200
ITC Below 255,Sl 260Tgt 250/45
SBIN (2281),Sl Above 2100,Tgt 2265/2250
Buy RENUKA Fut,Sl 205,Tgt 250/60
HCL Technologies - Next Buying Opportunity Less Than 4% Away
1. HCL Technologies shows tight price-volume action as it approaches closer to another buy point of 350.602. Stock quickly recovers from a big down day on Tuesday, November 03; a sign of strength and support from big investors
HCL Technologies Daily Chart - Wednesday November 18, 2009
HCL Technologies was previously profiled and recommended on:
- Thursday, July 23, 2009: HCL Technologies - Stock Breaks Out, Then Pulls Back in Light Volume
- Tuesday, May 5, 2009: HCL Technologies bags 5-year contract; stock surges
52 Week High: 350.50 (September 17, 2009)
52 Week Low: 89.10 (March 12, 2009)
As expected nifty given excellent opportunity for shorting below 2nd support @ 5031.29 which is power short made a low of 4962.1 a profit of 69.19 points which is equal to the handle break down also , we expected upside, but it given down side break , thats why i ve given short sell also @ 5031.29 by expecting this and it worked well .You can see clearly after breaking
5031.29 once not hitted the sl 5044.14
which told in yesterday post hope u made some good money in shorting too in today trading
NIFTY FUTURES OPEN HIGH IS SAME SO,SURE
SHORT AS PER MY THEORY
5031.29 once not hitted the sl 5044.14
which told in yesterday post hope u made some good money in shorting too in today trading
SHORT AS PER MY THEORY
to know more trading ideas click the chart : - also giving 4 intra picks
for easy trading follow pivot points for intra picks , u should short also
in these picks after break down of pivot points as per market conditions, thats why giving pivot points also
then only u will get profits
Nifty :: Finally Three River Evening Doji bearish candle pattern works.. Nifty slide below two important support 5010/4970 with slightly high volume. Today Nifty last candle looks like bearish body reversal of previous bullish trend.. Shorting stop loss place at 5054.. Still Nifty above multiple strong support zone 4906 to 4945.. For 20th Nov. Watch this support zone, bulls forcefully try to hold this support, so be careful at intraday gap down opening. Now new shorting only above 5000 with S.L 5054.. Our strategy for 20th Nov. If Nifty open gap down near strong support zone buy in deep (S.L 4906) Sell at high (S.L 5054).. Resistance for up move at 5011/5028/5042/5054.. Supports at 4945/ 4925/4906/4878..
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