Just for the record yet another BEFORE AFTER CHARTSensex Technical View :
In the near term 16900 and 17300 on upside would decide the next move in near term. Although significant resistances and supports are on a wider range.
Its time to be stock specific.
Stocks to watchout for :
VALUE PICKS -
The following stocks have holdings in other companies to the extent of 1.5-2.5 times the current mkt cap
CHI investments
Maharashtra Scooters ( discussed earlier )
JK Agri Genetics ( discussed earlier )
Limited downside but could give a return of 20-25% over the next 3-6 mths.
Bank of India if closes above 400 or trades for some time expect a quick move to 425-400 in near term.
IDEA , Bharti Tele and RCOM are showing positive divergences on charts. High risk traders can buy on every decline with a stop of recent low and expect a 10 % bounce in next 3 weeks.
Day call buy Sterlite at 885-890 with a stop of 878 tgt 905-917.
LONG TERM SAFE PICKS :
Balkrishna Inds
KCP Ltd
Investors looking for long term slow gains should look to buy the above stocks at current levels. The above two stocks can give stability to the portfolio as well.
Nifty :: Body gap up selling pressure bar with low volume.. Exactly close near contracting triangle upper trend line resistance.. Now farther potential strength, Nifty must be required to close above 5203/5222 as per last bar chart pattern.. Be careful at higher level due to this bar, if Nifty unable to give close above 5222, then again we see side way downward momentum in coming day’s.. Our strategy for 2nd Dec. if Nifty open above 5138 then buy in deep (S.L 5100) sell at high (S.L 5022).. If Nifty open gap up then sell at high (S.L 5022) buy in deep (S.L 5055) .. Resistance for up move at 5138/ 5154/5165/5186/5203/5222.. Supports at 5066/5055/5039/5005..
About The CompanyNIIT Technologies is a Global IT solutions organisation, with its footprint spanning North America, Europe, Asia and Australia. Ranking among India’s Top 20 IT services players, the company offers a gamut of services in the areas of Application Development Management and Enterprise Solutions, encompassing Managed Services and Business Process Outsourcing.
The company has been building differentiators in select industry verticals such as Banking, Financial Services and Insurance (BFSI), Travel, Transportation and Logistics (TTL), Retail and Distribution based on its deep domain knowledge and new approaches to customer experience management.
About The Results
For the second quarter ended 30th September 2009, net revenue on a QoQ remained flat but YoY it fell 12%. Yet, its OPM was up at 29% compared to 15.6% in Q1FY10 and 29.64% in Q2FY09. NPM was at 22.15% v/s 8.84% in Q1FY10 and 21.89% in Q2FY09.
The operating expense as a percentage of its net revenue was at 72% for current Q2 as against 86% in Q1 and 76% on a YoY. Revenue from the banking, finance and insurance sectors rose marginally 44% (YoY) and 43% on QoQ. Revenue from the travel and transportation space rose to 30% (YoY). Overall, the top 10 clients continued to contribute 45-47% of the revenue.
Though the company reduced its overall costs, the major, noticeable reduction was in its employee cost which sequentially was down 6% and YoY was down 11%. It reduced its headcount by about 100 people during the quarter and now has 3,917 employees. From the current Q3, it hopes to start adding new people to the organization.
Net profit was up over 150% on a sequential basis but down 11% on a YoY. Drop was mainly on account of income dropping from non-core activities including investments in mutual funds and fixed deposits. Its other income declined to Rs 1.5 crore from Rs 8.1 crore in Q2FY09.
The company’s current exposure on effective hedges is $138 million, at an average rate of Rs 42.18. Fresh orders worth $51 million were secured during this quarter which included three new clients; two in travel and one in retail. It also managed to secure extensions with existing clients in the travel space in the US and Australia. Its outstanding order book stands at $105 million, executable over the next 12 months.
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.
NIFTY - Unable to close below 4900,
so now it is marching or inching towards our goal. ie. 5320-33 & 5467 or even more 5535. but still the trailing stop @ below 4900 closing basis. (now anybody can understand why i always emphasis, close is important. because intra-day anybody or any news or views can do anything but at the end of the day, only who is powerful can determine the direction and trend. i always want to stay behind the powerful. because i want capitalize the macro trend and not the in-between micro trend)
Conservative trade:
Initiate longs @ 5135-5150 zone with a SL for the day @ 5095.
Aggressive trade:
Buy @ 5140-5150 SL 5125 ; Sell @ 5185-5195 SL 5205
Initiate longs @ 5135-5150 zone with a SL for the day @ 5095.
Aggressive trade:
Buy @ 5140-5150 SL 5125 ; Sell @ 5185-5195 SL 5205
It was a good day across Asian and European markets. Our market too, helped by positive global cues, closed at the day's highs. The fantastic November auto sales numbers and buying in the high beta realty stocks helped market rally higher today. Sensex shut shop at 17198, up 272 points and Nifty at 5122, up 89 points from the previous close. CNX Midcap index was up 1.68% and BSE Smallcap index was up 2.15%. The market breadth was positive with advances at 1058 against declines of 214 on the NSE. Top Nifty gainers included Unitech, Tata Motors and Sun Pharma while losers were HUL, GAIL and BHEL.
The Indian market closed on a good note after a calm and steady day of trade. It opened again gap up but showed a tremendous rally as the fantastic November auto sales numbers and buying in the high beta realty stocks helped market rally higher today and also managed to close above its weekly first resistance zone of 5118.Going forward we may take a cue from global front and if it remains positive there would be another rally in the tomorrows trade is not ruled out as if nifty manage to hold above 5045 range in the opening trade then the rally will kiss its recently made high which is placed at 5138-and then we can see also 5182,very immediate support comes at 5070-55 .
NIFTY (5122)
Resistance : 5155 / 5190 / 5210
Support : 5065 / 5005 / 4940
SENSEX (17198.27)
Resistance : 17295 / 17410 / 17500
Support : 17025 / 16850
NIFTY FUT (5132.05)
Resistance : 5165 / 5195 / 5225
Support : 5080 / 5015 / 4970
MKT COMMENTS
NIFTY FUT OI up 4.26% with 30% decreasing volumes indicating forming of long positions.
We expect NIFTY FUT to trade positive.
On Wednesday,Opening Is Flat To Positive,
Buy NIFTY Above 5115,Sl Below 5095,Tgt 5135/5155/5175/5195/5215
Sell NIFTY Below 5090,Sl Above 5100,Tgt 5070/5050/5030/5010/4990
BUY
CONCOR, Sl 1175,Tgt 1275/1350
SBIN (2292),Sl Blw 2275,Tgt 2315/2325
CADILA (532321) Above 625,Sl 605,Tgt 640/50
HPCL Above 360,Sl 350,Tgt 370/80
TATAPOWER Above 1370,Sl 1350,Tgt 1390/1410
BANKINDIA Above 390,Sl 385,Tgt 395/400
DABUR Above 168,Sl 165,Tgt 171/73/75/78
TATACHEM Above 295,Sl 290,Tgt 305/10/15
SELL
TATASTEEL Below 580,Sl 585,Tgt 275/70/65
ITC Below 257,Sl 259,Tgt 255/53/50
JPASS Below 230,Sl 235,Tgt 225/20
Realty sector has corrected 18% in last one month after we had posted and this sector has been in the midst of crisis in all parts of the world as Human behavior across Globe has been one, land will appreciate and Land is scare and can’t be expanded made Realty investor pay huge premium and in time of liquation many realized that land as investment is held by everyone and no buyer prompted panic sale which caused Sub-prime and now cause of Dubai World.
Experts say, “THE leveraged asset purchases of Dubai-based wealthy non-resident Indians in the past few years may begin to haunt them, as the collapse of real estate prices in the emirate prompts calls for additional funds as margins which may force them to sell some Indian assets”.
Realty sector has raised huge QIP and many IPO are planned in that sector and any small fear will cause the sector to face more hardship and there are indication that high Indian growth will lead to tightening by RBI which may push interest rate.
http://akprabhakar.blogspot.co
BSE REALTY (4315) P/E=38.75
- Realty Sector has been the most speculative with retail interest @ maximum and highly valued sector which corrected from high of 13848 in Jan2008 to low of 1297 in March2009 whopping 90% correction and almost tripled from low of March2009 and the recovery didn’t cross 28% of the fall lowest in sectoral index.
- Around last post index was 4315 and P/e 38.75 and now it is down 15% and P/e is 55.30 which gives indication that sector is still highly overvalued and after correction also it doesn't offer any value as results were very bad.
- Builders, wanting to make a killing during the Dussehra-Diwali festival period, upped prices and killed an opportunity. Buyer inquiry was mistaken for the return of good times. But unrealistic prices has put off consumers. http://
businessworld.in/bw/2009_10_ 24_High_Prices_Pull_Down_ Sales.html# - Realty companies failing to raise fund would force them to sell property @ huge discount
- Nearly a dozen developers have announced plans to raise a large amount of capital from the primary market and most of them are raising equity to pay off debt rather than use the proceeds to fund growth. While a company has full discretion over the use of IPO proceeds, as long as it makes full disclosures, hitting the market to raise money to settle debt primarily is a sign of the precarious financial health of some of the real estate developers. http://
economictimes.indiatimes.com/ High-debt-poor-cash-flows- spell-trouble-for-realty-IPOs/ articleshow/5286204.cms
The Grand QIP Party Of Realty
High Debt, Poor Cash Flow Spell Trouble For Realty Cos
If there is any one company which has been at the helm of technological innovation in India, then that is none other than Moser Baer India Ltd. The company has established a name for itself in the optical storage space, and is now making strides in the solar energy sector. Apart from two, entertainment is another sector where it has stepped in, as an attempt to bring down the level of piracy.
Now, why is it that I mentioned that it is at the helm of technological innovation. This is because it has been innovating through a continuous process of R&D. Moser Baer received product verification from the Blu-ray Disc Association (BDA) for its next generation Blu-ray (BDR)1x-6x discs. This certification has made the first company outside Japan to develop and ship BDR 1x-6x media.
SGX JAN TRADING @5469 :D J
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