(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/merrill-lynch-puts-a-buy-on-ivrcl-infra-with-a-price-target-of-rs-421/)
Merrill Lynch
India Research
IVRCL Infrastructures (IIFRF)-Reiterate BUY with a PO of Rs 421

Our PO of Rs 421 is based on the SOTP valuation. We have valued IVRCL core construction business 12x estimated 1 year forward earnings, a 25pct discount to E&C majors at Rs304 per share.

Hind-dorr-Oliver where IVRCL has 52.8pct stake is valued at CMP giving a per share value of Rs6 IVR Prime where IVRCL has 62.3pct stake is valued at 60pct discount to NPV at Rs62 per share in line with Mid Cap real estate companies.

Chennai desalination plant where IVRCL has 75pct stake is valued on a DCF basis at Rs12 per share. Similarly, Jalandhar-Amritsar project, Kumarapalayam-Chengapally project, and Salem-Kumarapalayam project where IVRCL has 100pct stake are valued based on DCF of Rs7, Rs12 and Rs17 per share respectively.

We arrive at an SOTP value of Rs421. Risks: Unrelated acquisition in Oil & Gas space, Government capex, raw material costs, competition, traffic/interest rate risk in toll/annuity projects and project execution risk.



Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

Nothing in this article is, or should be construed as, investment advice.

Source : Maverick

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/ivrcl-shares-up-2-on-rs-746-crore-orders/)
MUMBAI: Shares of IVRCL Infrastrcuture & Projects gathered momentum Tuesday after it announced that the buildings and industrial division of the company bagged orders worth Rs 746.26 crore.

The orders were for works across the country. The realty firm will undertake a turnkey housing project for AP Cine Workers Co-operative Housing Society at Hyderabad for Rs 550.28 crore.

The second order worth Rs 114.35 crore was for the construction of a CIDCO Exhibition Centre at Vashi. It will also provide EPC services on turnkey basis for new habitation for tsunami affected victims at Puduchery worth Rs 70.62 crore and also the construction of an IT park at Durgapur for Rs 11.01 crore.

At 1 pm, IVRCL shares were up 2.35 per cent at Rs 168 after touching a high of Rs 172.40.

Source : Economic Times

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/george-bush/)
President Bush has not endeared himself to the world during his Presidency...90% of his Presidency was post 9/11 and protecting America was his first goal and removing threats to America was his second goal.  In time we will know the success or failure of his administration.

9/11 was the first foreign attack on American soil since Pearl Harbor in 1941...looking through this lens gives you some perspective on George Bush's priorities.

From the perspective of India, after the disastrous Clinton years, George Bush has been a good friend...no emotions, no nonsense.  He recognized the reality of India, the incorrectness of Clinton's behaviour and policies and set about correcting the relationship.  India's needs and wants were given their rightful place; the historical significance of India's achievements in democracy and economic growth was recognized and responsibile behaviour with respect to nuclear proliferation was rewarded.  Today, the great democracies share a special and growing relationship...while it is a little like being in a cage with an elephant...George Bush has single handedly transformed this relationship.

While it is possible the USA is safer today what about the World?  I can only point again to the resources in manpower and finance that the USA is expending around the world to fight the war on terrorists.  India, the Middle-East and Asia have prioritized and executed short term tactics.  USA on the other hand usually has a very long term objective and uses short-term tactics and strategies in pursuance of the longer term goal.  I can only tell you that India and the Middle-East have not been successful in keeping our nations or neighborhood safe.  While I lament the loss of life in the Iraq war and perhaps even the loss of "International Law" no one will argue the case for restoring Saddam Hussein.  We are all glad to be rid of the dictator...as long as we did not have to do the dirty work.

Is Iraq better off today?  I do not know, however, amongst the rubble and terrorist attacks I see Iraqis arguing and fighting about their future.  Surely that is a good sign...if the people get representation there is hope for the future.

A couple of days ago a newsman threw shoes at President Bush during a news conference in Baghdad...the agile President ducked but the newsman was pinned and jailed...there are demonstrations in Baghdad for the newsman's release and he is being hailed as a hero.  Would they prefer Saddam Hussein?  These people do not even appreciate the fact that they are now able to demonstrate, freely....amazing denial of reality.  If the shoe had been thrown at Saddam what would have happened to the newsman?

I have included the BBC link for the "shoe attack"  but watch the ending short interview clip with President Bush; he says "I don't know what his beef is"  referring to the newsman who threw the shoe.  This naivete is infuriating...if the shoe had hit his head I wonder if it would have jarred enough neurons to understand the source of all the anger.

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/free-nifty-future-tips-16-12-08/)

NIFTY FUTURE



ABOVE 3005 TARGET 3030-3089-3113
BELOW 2960 TARGET 2917-2880-2803

-Always Remember, put SL in your every trade.

Rupesh Yatesh Dalal
MARKETCALLS
http://ping.fm/179rV

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-calls-as-on-161208/)
Sell RELIANCE Target: 1322, 1310 SL: 1335

Sell ICICI BANK Target: 408,404 SL: 418

Sell RCOM Target: 231,224 SL: 238

Buy RELIANCE 1281, Target: 1292, 1300 SL: 1276

Sell Nifty2900CE Target: 120,105 SL: 136

Sell Nifty2700CE Target: 265,250 SL: 285

Buy Nifty2900PE Target: 77, 90 SL: 60

Buy on Dips and Sell on Rallies

Original : LINK

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/indian-stocks-what-will-drive-earnings-growth/)

Lee's Dhaba for more


Indian markets are trying to consolidate and push up beyond the Nifty 3000 level.  Global markets are also bouncing off lows in October and November.  This is supported by technical factors and may prevail in the short-term, but we need specific drivers to sustain an up-move.

From 1999 onwards, Indian companies used foreign capital inflows and an abundance of skilled, cheap manpower to generate sustained profit growth for the last ten years.  This capital inflow has been cut-off due to the global financial crisis;  while I continue to argue that India is under-leveraged, what will be the driver for future growth?

The first chart shows the cumulative inflow of foreign capital from 1999 to November 2009.  The total peaked at Rs 246K crores in Dec 2007; since then there has been an exodus of Rs 50K cr.

(click on image for sharper picture)

The second chart shows that Foreign flows by themselves were the 'Driver' of India's growth story.  As soon as these flows started to reverse so did the equity markets and India GDP.

(click on image for sharper picture)

We know the problems facing the hedge fund and private equity players globally;  sovereign wealth funds have also been hard hit.  Declining oil prices will put pressure on Middle-Eastern investment funds.  Redemption's and risk risk-aversion are still very much in evidence; Look at the TED spread, the developed world's corporate bond spreads and the 0% yield on US Treasury bills.

A substantial fiscal stimulus could have been the 'Driver' that propels India onto a new growth trajectory...but the administration in India has fumbled the ball..at least so far.

Any rally in the equity markets can only be sustained with growing earnings.  Under the current circumstances easing of monetary conditions may stabilize the situation but they are not sufficient to Drive growth.

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/2008-capture-the-year-in-words/)

2008: Capture the Year in Words



#fullpost{display:none;}The word of the year is "Bailout"....If anyone has a description of the year 2008 they would like to share please post as a comment.

Hat tip Mala: * In the working-class community of Weymouth, south of Boston, Easter's Country Kitchen, a crowded little diner, captured the mood in a notice near the food counter:

""DUE TO BUDGET CUTS, THE LIGHT AT THE END OF THE TUNNEL IS BEING TURNED OFF."

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/asia-as-engine-of-growthwhere-are-the-consumers/)

Indian Exporters lay-off 65,000 employees
Despite the administrations pleas there have been lay-offs..expect this to accelerate.

There are so many articles on global growth depending on Asia; so I went looking for corroborating evidence...it turns out that the "engine of growth" is sputtering. China GDP growth will halve and still represent 80% of global GDP growth in 2009. However, there is nothing to suggest that Asia is suddenly going to become a monothic group of consumers.

On the contrary, the news is dreary. Here is a potpourri of news articles/blogs on China in the past few days; the titles are descriptive enough:

China joins U.S., Japan with shrinking oil demand

Negative Q4 2008 GDP in China

IMF sees Chinese growth halved as downturn spreads

Chinese Electrical Output Fell 9.6% in November

China To Print Money To Combat Deep Slowdown

As China economy brakes, oil demand goes in reverse

China Data sparks Deflation worries

China's exports fall for first time in seven years

Global Trade is shrinking fast

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-16th-dec-from-indianmoneypluscom/)
Source - IndianMoneyplus.Com US markets were trading choppy yesterday.

Europe ended flat. Asia has opened marginally lower.


I expect Indian markets to open lower.


Banking and Infra stocks can see a rally today.


The support for the Sensex is 9750 and the resistance to the up move is at 10000-10324


Nifty: (2981) the support for the Nifty is at 2920 and the resistance to the up move is at 3113






Day Trading Ideas






Bajaj Auto


Buy Above 249.17 for targets of 253.2 and 256.62


Sell below 246.10 for targets of 245.83 and 241.72






Asian Paints


Buy Above 862 for targets of 870 and 877


Sell below 852 for targets of 846 and 835






DLF


Buy Above 284 for targets of 288 and 293


Sell below 280 for targets of 274 and 270




Two More tips on www.IndianMoneyPlus.Com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/market-review-for-16th-december-2008/)
BSE Sensex: (9832) the market managed to inch towards the psychological 10000 mark and felt shy and has closed positive for the day and in the process generated an indecisive bar …technically the trend is still intact up but the market is expected to be volatile and profit near the 10000 mark is not ruled out.

The support for the Sensex is 9750 and the resistance to the up move is at 10000-10324

Nifty: (2981) the support for the Nifty is at 2920 and the resistance to the up move is at 3113


Source : PrakashGaba

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/attarctive-valuable-stocks-nandan-exim-celestial-labs-pochiraju-ind/)

ATTARCTIVE VALUABLE STOCKS NANDAN  EXIM, CELESTIAL LABS & POCHIRAJU IND.


 


MARKET IS STABILIZING WILL TOUCH NIFTY 3,200 TO 3,600 AND SENSEX 10,000 TO 10,900 SOON BEFORE END OF THIS MONTH.


 


MID & SMALL CAP RALLY WILL CONTINUE; SO BUY SOME GOOD FUNDAMENTAL AND ATRACTIVE VALUABLE STOCKS LIKE:


 


 1) POCHIRAJU INDUSTRIES AT 10.5/- EPS 4/- PE ONLY 2.5. ITS BIO PHARMA COMPANY RUNNING GOOD. RISK IS VERY VERY LESS.TARGET 15/- . MUMBAI OPERATORS ARE ENTERING IN THIS STOCK.


 


2) CELESTIAL LABS AT 19/- EPS 10/- PE ONLY 1.6. ITS PHARMA AND BIO-INFO SERVICES; STOCK IS AVIALBLE IS VERY VERY CHEEP RATE. ITS DIVIDEND PAYING COMPANY. TARGET 35/-.  MUMBAI OPERATORS ARE ENTERING IN THIS STOCK.


 


3) NANDAN EXIM AT 1.2/- ; SOME BIG MUMABI OPERATORS ARE ENTERING IN THIS STOCK. BUY AS SOON AS POSSIBLE; YOU WILL GET MINIMUM 50% TO 100%  RETURNS WITHIN 10 DAYS TO 15DAYS TIME.YEARLY LOW 0.85/- HIGH 9.65/- TARGET 2/-


 


Last week I have advised IFCI at 15.85/- Now IFCI is 24/-. 50% appreciation within one week time.


If you miss that opportunity buy above 3 stocks.


 


Same thing happening in above 3 stocks also for this week.


 


FORWARD THIS TO YOUR GROUPS AND FRIENDS ALSO; IT’S RISK FREE FOR INVESTMENTS.


 


REGARDS


BIG BULLS

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/avoid-big-ticket-exposure-for-now-bhambwani/)
Technical Analyst, Vijay Bhambwani:

The markets behaved along expectations put forth yesterday for a weekend session. The 2905 bullish pivot did not hold and laid the tone for a weak session. The benchmark indices closed with minor changes, even as the technology sector continued to be the nemesis of the bulls. The traded volumes were lower as compared to the previous session, which is a routine weekend phenomena. The market breadth was positive as the BSE & NSE combined advance decline ratio was 2366 : 1233. The capitalisation of the breadth on a commensurate basis was also positive as the figures were Rs 11935 Crs : Rs 3662 Crs.

The indices have closed in the upper half the intraday band which shows buying on declines by short sellers. The same is corroborated by the oriental charts which indicate a "tonbo" formation that indicates a resistance by the bulls to let go of positions. The intraday band of 2975 / 2860 levels advocated for Friday was violated on the downsides as the index made a long "shadow" on the Japanese charts.

The coming session is likely to witness a range of 3000 on advances and 2825 on declines. The bullish pivot will be at the 2885 above which the Nifty spot must remain if the bulls are to dominate the session. Conversely, a consistent trade below the 2860 levels, expect a weak outlook.

The market internals indicate a lower turnover as the participation levels fell due to the weekend factor. The number of trades decreased and the average ticket size was lower, indicating a weak buying bias. The capitalisation of the market was higher in line with an optimistic session.

The outlook for the markets today is that of caution as the bulls need to witness a closing above the 2950 - 2975 levels to see a sustained upmove. Ignore big ticket exposure for now.

Disclosure: The analyst has no exposure to any scrip/s recommended above.

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/expect-sideways-movements-vasudeo/)
Technical Analyst, Hitendra Vasudeo: Last week, the Sensex opened at 9276.89, attained a low during the week at 9095.70 and moved up to form a weekly high at 9746.01 before it closed the week at 9690.07 and thereby showed a net rise of 724 points on a week-to-week basis. The candle movement was also positive.

Weekly support will be at 9510, 9275, 9095 and 8965 levels and weekly resistance will be at 9925, 10575 and 10945 level.

The weekly candlestick movement was positive, which could take the price up to test the resistance of 9925-10575.

Another round of strong weekly movement is desired and a further follow-up rise is required. One-off weekly positive movement does not help apart from generating intra-day moves.

Broadly, we could categorize the market as a sideways market with volatility in a wider band of 10945-8316.

One major corrective cycle leg gets completed of the fall from 21206 to 8316.

New up-move in the form of a pull-back rise from 21206 to 8316 will begin. If the Sensex rallies past to cross 10945, then the near term bottom is made and the rally will be of the fall from 21206 to 8316. The pullback levels are placed at 13238-14757-16276. We can expect at least 13238 if the above wave could get confirmed with a hurdle around 11000 mark. For this wave count to remain in existence, the Sensex must not violate 8316.

Conclusion

Weekly rise towards pull-back levels could be seen but sustainability is an issue.

Strategy for the week

Investors with stuck-up long positions can look for opportunities to exit wherever possible and try to generate cash at higher levels. Traders can get to trade stock wise movements on both sides as the market could develop one day up and down the next day pattern.

Source : MoneyControl

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/free-nifty-future-tips-15-12-08/)



[caption id="attachment_5509" align="alignnone" width="300" caption="Nifty Future Chart"]Nifty Future Chart[/caption]

ABOVE 2910 TARGET 2990-3030-3113

BELOW 2910 TARGET 2880-2845-2803

-Always Remember, put SL in your every trade.


Rupesh Yatesh Dalal

MARKETCALLS

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/free-intraday-stock-tips-15-12-08/)
Buy PUNJLLOYD above 154 SL 149 Target 163-172
Buy BPCL above 345 SL 338 Target 352-361
Buy ITC above 174 SL 170 Target 178-183
Buy CHAMBALFERT above 40 Target 44-46

Always remember, put SL in your every trade.
Strictly follow Above and Below price, then follow strictly SL

Rupesh Yatesh Dalal
MARKETCALLS
http://ping.fm/179rV

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-15th-dec-from-indianmoneypluscom/)

Source - IndianMoneyplus.Com US markets ended a positive note. Europe ended mixed.


Asia has opened higher note. It has opened with a gap up of over 3%.


Now Asian markets are making new highs.


Expect India to have a gap up opening.


The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324


Nifty: (2920) the support for the Nifty is at 2860 and the resistance to the up move is at 3113






Day trading Ideas.






LNT


Buy Above 793 for targets of 710 and 716


Sell below 766 for targets of 759 and 752






Hindalco


Buy Above 53.25 for targets of 54.15 and 55.30


Sell below 51.10 for targets of 50.50 and 49.60






Rajesh Export


Buy Above 26.70 for targets of 27.80 and 28.90


Sell below 24.85 for targets of 24.10 and 23.15




Two more tips on - IndianMoneyPlus.Com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/weekly-news-letter-from-indianmoneypluscom/)

Source - IndianMoneyplus.Com Positive week. Good global cues. Falling inflation . Rate Cuts.


All the above reasons helped the markets to move upwards.  SENSEX is a few hundred points away from touching 5 digit mark.


Auto stocks rallied in beginning of the week because of excise duty cut, but later gave up all its gain as the US auto majors didn’t get bailout.


We had smart recovery on Friday though all Asian and European markets were down.


FII’s are now buying a bit from Indian Markets.




The full impact of the rejection of the auto bailout package in the US may be felt in the week ahead across global markets. On the domestic front, the disastrous IIP number sent some fresh shock-waves and with a bleak outlook for Q309 results, the signs appear ominous.


More over most of the major economies are headed for recession.


An uncertain week ahead.




Stock to watch our for in the coming week.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/good-valuable-stocks-at-present-market-with-no-risk/)

GOOD VALUABLE STOCKS AT PRESENT MARKET WITH NO RISK


 


MARKET IS STABILIZING WILL TOUCH NIFTY 3,200 TO 3,600 AND SENSEX 10,000 TO 10,900 SOON BEFORE END OF THIS MONTH.


 


 FII'S ALSO BUYING STAGE BECAUSE ALL FII'S GOING TO CHRISTMAS HOLIDAYS. NOW THEY ARE COVERING BECAUSE ALL STOCKS AVIALBLE VERY CHEEP RATES.


BECAUSE OF THAT ONLY THIS MONTH FII'S ARE BUYING STAGE. I THINK UP TO THIS MONTH  MARKET WILL POSSITIVE.


 


MIDCAP AND SMALLCAP RALLY WILL COMING NEXT WEEK.


 


 SO BUY SOME RISK FREE FUNDAMENTAL STOCKS LIKE


 


 1) POCHIRAJU INDUSTRIES AT 9/- EPS 4/- PE ONLY 2. ITS BIO PHARMA COMPANY RUNNING GOOD. RISK IS VERY VERY LESS.TARGET 15/- . MUMBAI OPERATORS ARE ENTERING IN THIS STOCK.


 


2) CELESTIAL LABS AT 17/- EPS 10/- PE ONLY 1.6. ITS PHARMA AND BIO-INFO SERVICES; STOCK IS AVIALBLE IS VERY VERY CHEEP RATE. ITS DIVIDEND PAYING COMPANY. TARGET 35/-.  MUMBAI OPERATORS ARE ENTERING IN THIS STOCK.


 


 


3) NANDAN EXIM AT 1/- ; SOME BIG MUMABI OPERATORS ARE ENTERING IN THIS STOCK. BUY AS SOON AS POSSIBLE; YOU WILL GET MINIMUM 50% TO 100%  RETURNS WITHIN 10 DAYS TO 15DAYS TIME.YEARLY LOW 0.85/- HIGH 9.65/- TARGET 2/-


 


Last week I have advised IFCI at 15.85/- Now IFCI is 21/-. 30% appreciation within one week time.


If you miss that opportunity buy above 3 stocks.


 


Same thing happening in above 3 stocks also for this week.


 


FORWARD THIS TO YOUR GROUPS AND FRIENDS ALSO; IT’S RISK FREE FOR INVESTMENTS.


 


REGARDS


BIG BULLS

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/india-policy-confusion-reignsin-action-words/)

Lee's Dhaba for more




It seems to me this government is flying blind.



11 Dec, 2008, 1417 hrs IST, REUTERS

"The situation way forward is quite uncertain. The RBI will take appropriate action as and when required," Subbarao told reporters after a meeting of the bank's governing board.

Situation quite comfortable: Subbarao
October 15, 2008 11:49 IST
"We have to review the entire situation. The situation is quite comfortable. Everything is under control," said the governor, who returned from Washington on Tuesday morning.

So am I to assume the future is bleaker today Dec 11, 2008 (post the rate cuts and the first stimulus package) than it was on Oct 15,2008? -Lee

Today, the Administration announced that there will be an announcement next week as announced in the fiscal stimulus announcement last week...maybe

11 Dec 2008, 1639 hrs IST, PTI
The second stimulus package, Nath said, would be aimed at generating employment and ensuring that the credit needs of the companies are met.  In the next package, the Minister said, "We will look at engineering sector, greater re-finance facility for exporters and textile and agriculture sectors."

First Stimulus--Not Enough
December 9, 2008
As the business community's less-than-enthusiastic reaction to the package sank in, New Delhi sought to reassure investors.  Kamal Nath, the Minister for Commerce & Industry, told a group of reporters outside his New Delhi office. "There is Step One, then there is Step Two, and then there is Step Three," he said.

If you know what you are going to do then why don't you just tell us...what is this three step shuffle? Or are you making it up as you along ?- Lee

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-12th-dec-from-indianmoneypluscom/)

Source - IndianMoneyplus.Com US markets ended negative after a volatile secession. A report says US to see four quarter of nasty recession. Bank of America to cut about 35,000 jobs.


Europe ended mixed.


Asia has opened weak. Expect Indian markets to open flat to negative.


Today inflation is to come out.


Keep booking profits at every levels.


FII’s are yet net buyers. FII’s are constantly buying from past 3 days. Yesterday’s net figure is Rs 444 Crores.


The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324


 Nifty: (2920) the support for the Nifty is at 2860 and the resistance to the up move is at 3113


 


Day Trading ideas for 12th Dec.


 


Jet Airways.


Buy above 152 for targets of 155 and 159


Sell below 149.20 for targets of 146.90 and 145.20


 


ABB Ltd.


Buy above 455 for targets of 458 and 462


Sell below 451 for targets of 448 and 444


 


ACC Ltd.


Buy above 482 for targets of 486 and 490


Sell below 476 for targets of 472 and 468


 


Balaji Telefilms Ltd. 


Buy above 73.10 for targets of 75 and 77


Sell below 70.25 for targets of 68.50 and 67.10


More Tips on IndianMoneyplus.Com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/market-review-for-12th-december-2008/)
BSE Sensex: (9645) the market and profit booking came in and bounced from our supports and closing marginally lower… the trend is still intact and looks like the 10000 mark is within reach…

The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324

Nifty: (2920) the support for the Nifty is at 2860 and the resistance to the up move is at 3113

Source : PrakashGaba

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/free-nifty-future-tips-12-12-08/)
NIFTY FUTURE

[caption id="attachment_5476" align="alignnone" width="300" caption="Nifty future Chart"]Nifty future Chart[/caption]

ABOVE 2910 TARGET 2990-3030-3113

BELOW 2880 TARGET 2845-2803-2755


-Always Remember, put SL in your every trade.


Rupesh Yatesh Dalal

MARKETCALLS
http://marketcalls-stock.blogspot.com/

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/free-intraday-stock-tips-12-12-08/)
Buy ITC above 172 SL 169 Target 176-182
Buy CAIRN above 154 SL 147 Target 163-170
Buy RELCAP above 493 SL 482 Target 512-523
Sell PFC below 123 SL 129 Target 119-116-113
Sell IDFC below 64 SL 67 Target 60-57
Sell NTPC below 166 SL 170 Target 162-160-158

Always remember, put SL in your every trade.
Strictly follow Above and Below price, then follow strictly SL

Rupesh Yatesh Dalal
MARKETCALLS
http://ping.fm/179rV

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/inflation-at-8-from-indianmoneypluscom/)

Source - IndianMoneyplus.Com Inflation falls further more at 8%. Reutres Poll expected the same numbers.


Continuing its southward journey, the headline inflation fell further to 8 per cent during the week ended November 29 from 8.4 per cent a week earlier.


This is the slowest rise since mid-April when inflation was at 7.95 per cent. Inflation had surged into double digits in early June after an increase in state-set retail fuel prices, and peaked at 12.91 per cent on August 2, the highest reading since annual numbers in the current data series became available in April 1995.


However, while inflation has dropped to its lowest since April-end, the relentless rise in prices of food articles is emerging as a major concern.  Read More IndianMoneyplus.Com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/nifty-support-resistance-levels-for-11-12-08/)
US markets ended positive after a volatile secession. Europe ended mixed.

Asia has opened marginally lower. I expect Indian markets to open flat to negative.

Today inflation is to come out. So better be carefull….

Dont get carried away by yesterdays 500 points gain. Even though yesterday FII’s were net buyers of over 900 Cr. This is just a trap to fool investors.

The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324.

The support for the Nifty is at 2860 and the resistance to the up move is at 3100.

Source : buzzingstock.in

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/free-nifty-future-tips-11-12-08/)

Nifty future Chart
Nifty future Chart

ABOVE 2903 TARGET 2990-3030-3113

BELOW 2890 TARGET 2858-2803-2755


-Always Remember, put SL in your every trade.


Rupesh Yatesh Dalal

MARKETCALLS


(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/free-intraday-stock-tips-11-12-08/)
Buy PUNJLLOYD above 159 SL 155 Target 166-172-182
Buy SBI above 1198 SL 1188 Target 1210-1223
Buy SUZLON above 51 SL 46 Target 55-60

Buy HINDALCO above 54 SL 52.80 Target 56-58-60
Sell POWERGRID below 75 SL 78 Target 72-70
Sell ROLTA below 129 SL 132 Target 125-123

Always remember, put SL in your every trade.
Strictly follow Above and Below price, then follow strictly SL

Rupesh Yatesh Dalal
MARKETCALLS
http://ping.fm/5qmdn


(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/market-review-for-11th-december-2008-prakash-gaba/)
BSE Sensex: (9655) the market opened with a bull gap and continued its journey up breaking out of the 2-week consolidation looks like the 10000 mark is within reach…

The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324

Nifty: (2928) the support for the Nifty is at 2860 and the resistance to the up move is at 3113

Source : Prakash Gaba

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/day-trading-tips-for-india-traders-11-dec-2008/)
1. Analysis Indian share Market: Now large cap stocks will show action and Sensex will have difficulty climbing the 10000 mark, however it appears that it will touch 10000 mark as world stock markets are also on upswing.. Watch Sensex support at 9450 and Nifty support at 2860. Nifty has to move above the level of 3115 to keep moving ahead. Markets will move up by virtue of volatility reduction in the market. One should day trade with stop loss.

2. Future and Options Tip: As a future and option strategy one canh old Nifty futures with stop loss below 2860 with a target of 3000.

3. RBI action: One can see further rate cuts by RBI to infuse liquidity and one can even see Repo rate fall to 4.5% and CRR to 3.5% by mid-2009. This fiscal stimulus will help to add about 0.5% to the GDP growth in FY10.

4. Sectors to Watch

(a) Banks
(b) Oil&gas
(c) Capital goods.

5. Profit from Intraday share tips provided by analyst: SBI gave profit of Rs 2300, Cairn gave gains of Rs 950, NTPC gave returns of Rs 445, Tata steel gave profit of Rs 2600 and ABB gave gains of Rs 1680 for ever 100 shares traded as per the given recommendation.

6. National stock exchange strong future tips

NDTV
Nagar Const
Tisco
IDFC
DLF
Jindal Steel
Ambuja Cement
Escort
LITL
LIC.

7. Bombay stock exchange weak stocks reflected by weak Futures data

Jindal Saw
Great Offshore
BRFL
Havells
Tulip
Ansal Infra
Rolta
Purva
Redington
Bhushan Steel

8. Result oriented hot stock tips producing 100% profit:

Buy GMR Infra>64.5,65.5,68 sl 62.5
Buy Gateway Distripak > 75.5,78,81 sl 73.8
Buy Gitanjali Gems > 72.1,73,75.6 sl 69.8
Buy NTPC > 170.1,171.35,174 sl 168.5
Buy Bank of India>250.5,252,253.1,256 sl 248.8
Buy Cairn > 150.5,152.4,153.6,157 sl 148.5

Source : indian-share-tips.com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/garden-silk-mills-ltd-looking-attractive-price-now/)
Dear Investors/Clients,
Garden Silk Mills Ltd looking attractive price now
Scrip Name : Garden Silk Mills Ltd
BSE Code : 500155
NSE Code : GARDENSILK

It may cross Rs.40 coming days.

Source :
NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/nifty-call-update/)
ONE CAN INITIATE LONGS IN  WITH SL 2700 (CLOSING BASIS) FOR TGTS OF 2900-3000  today it hit 1st targets now modify sl 2850(positional) closing basis and 2870 (intraday) for tagets 2950-3000++++++..........




 sensex30nifty50@yahoo.com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/india-banks-rbi-directive-destroys-transparency/)
Lee's Dhaba for more

As I have said in two earlier posts:


  1. India Banks: Slippery slope ahead

  2. India Economy: Policy Rate Cuts


the RBI acquisience to industry demands for accounting gimmicks has made valuation of Banks an impossible short term task.  Realty problems have been swept under the rug...So, I am rescinding my earlier view that Banks in India are offering good value.

It may be the case that Banks offer value, but the RBI move smells...in a market fraught with danger and zero profit visibility I hoped we would be upfront with the problems.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/global-news-and-the-hits-just-keep-on-comin/)

Lee's Dhaba for more .....



#fullpost{display:none;}Do not get suckered by rallies in the equity markets...the anchor is away, but not moored.  Below is a sampling of news globally, with my comments, noted.  Please tell me when you see a glimmer..and I don't mean technical indicators...which industry is finding its feet...it still looks like a vast wasteland out there.

Airline crisis
Global airlines are heading into their worst business crisis for 50 years with carriers facing possible collapse, revenues tumbling and hundreds of thousands of jobs at risk, the industry body IATA said on Tuesday.

This forecast comes after a 60% reduction in fuel prices...there is something very wrong with this business model...they go bankrupt when their major cost component rises and they get killed when their major cost component falls dramatically - Lee

World Bank:  Developing economies to slow sharply
The World Bank's 2009 Global Economic Prospects report projected that world growth will shrink to 0.9 percent next year from 2.5 percent in 2008 and warned that a long and deep global recession cannot be ruled out.

I would appreciate if the guys at the World Bank, IMF, BIS could send a copy of their economic forecasts to the Indian Government...our Ministry of Finance believes there will not be much impact on India and has provided a .6% of GDP stimulus package to weather this "Global ex-India" crisis - Lee

Sony Layoffs could portend wave of cuts in Asia
"It's only really getting underway right now," said Credit Suisse economist Joseph Lau. "It's not likely to bottom out anytime within the next two to three quarters, so we'll probably look at at least that much time in terms of further corporations restructuring their workforce and overall financial health."

The problem with buying market share is:  you do not make profits when the going is good and you get killed when the market tanks.  Sony and Samsung are two incredibly hard working and innovative companies cursed with the stupidest financial managers on the planet - Lee

Asian Trade in "Free-Fall"
A blizzard of grim data this week points to a full-blown trade slump across Asia, confirming fears that the region's strategy of export-led growth would backfire once the West buckled.

The saving grace for Asia is the foreign currency reserve kitty that countries have built up over the past few years.  When the slump ends (not if), these countries will recover faster...but they have to keep the savings intact and not blow them on currency defense in the short term - Lee

Diplomats reject Doha summit
Trade diplomats rejected proposals for a summit later this month, saying it was doomed to fail, in a rebuff to calls from world leaders to revive the stalled Doha Round of trade talks.

I thought these guys reported to the G-20 leaders...tail wagging the dog...or something else altogether? - Lee

Ex Bear Stearns chief says rumours killed Wall Street
"There's no more Wall Street," said 81-year-old Greenberg, who has worked on the 'Street for the last 61 years. "That model just doesn't work because it's at the mercy of rumors."

A great man, Ace Greenberg.  I grew up admiring his work habits and reading his short memos to subordinates, staff and colleagues.  Ace, please go enjoy your retirement; ...this is embarrassing.  One more reason India should not allow an 81 year old man to become Prime Minister in 2009...Mr Advani, I implore you to make way - Lee

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/nifty-may-open-firm-and-move-upward-due-to-short-covering/)
Nifty may open firm and move upward due to short covering

Due to measures taken by Indian govt FIIs turned net buyers in cash and derivative segment.

But in a rally DIIs turned Sellers and it looks that Nifty may range bound

Nifty Future ( Intra Day )

For today’s trading 2812 is the resistance level for Nifty

Above 2812 Nifty may move up to 2857 and 2880

Down side Nifty may take support at 2745 and 2712

Source : mumbaisharetips.com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/free-intraday-stock-tips-10-12-08/)
Sell LIC HSG below 217 SL 221 Target 205-197
Sell PUNJLLOYD below 147 SL 152 Target 143-139
Buy PNB above 452 SL 447 Target 465-476
Buy MARUTI above 504 SL 497 Target 520-541
Buy RCOM above 211 SL 207 Target 221-230



Always remember, put SL in your every trade.
Strictly follow Above and Below price, then follow strictly SL

Rupesh Yatesh Dalal
MARKETCALLS

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/free-nifty-future-tips-10-12-08/)
NIFTY FUTURE


ABOVE 2804 TARGET 2845-2880-2899

BELOW 2760 TARGET 2723-2688


-Always Remember, put SL in your every trade.

-Normally SL should be between 1.5% to 2.5%


Rupesh Yatesh Dalal

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-10th-dec-from-indianmoneypluscom/)

IndianMoneyplus.Com - US markets fell down after it rallied for 2 days.


Europe ended a higher note.


Asia has opened marginally higher. I expect Indian markets to open flat to negative.


The support for the Sensex is 8915 and the resistance to the up move is at 9320-9478-9630.


Nifty: (2784) the support for the Nifty is at 2700 and the resistance to the up move is at 2860-3113.



Day Trading ideas for 10th Dec.



DLF


Buy above 217 for targets of 223 and 227.


Sell below 207 for targets of 202 and 198.



RNRL


Buy above 42.30 for targets of 43.60 and 45.30


Sell below 40.60 for targets of 39.30 and 37.60



Crain India


Buy above 142.20 for targets of 147.40 and 152.20


Sell below 137.40 for targets of 132.50 and 129.60



Unitech


Buy above 33.10 for targets of 34.40 and 36.50


Sell below 31.50 for targets of29.40 and 28.25



Happy Investing.


More on IndianMoneyplus.Com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/india-economy-looking-like-our-roadspotholes-ahead/)

Lee's Dhaba





#fullpost{display:none;}
Some one said:
Do not expect people to understand something when their livelihood depends on not understanding it

The economy is in trouble;  see the small list of news items below.  Does the government not understand the gravity of this...hmmm...why did I ask?

SCI defers expansion

Renault Nissan defer India plans

DLF asks to De notify SEZ

Further Lay-offs expected

Welspun warns of job losses

Infosys, No fresh recruitment beyond already committed

Christmas is coming so here is the '12 days of  Bailouts' .. watch the video



(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/india-economy-looking-like-our-roadspotholes-ahead/)


Lee's Dhaba





#fullpost{display:none;}
Some one said:
Do not expect people to understand something when their livelihood depends on not understanding it

The economy is in trouble; see the small list of news items below. Does the government not understand the gravity of this...hmmm...why did I ask?

SCI defers expansion

Renault Nissan defer India plans

DLF asks to De notify SEZ

Further Lay-offs expected

Welspun warns of job losses

Infosys, No fresh recruitment beyond already committed

Christmas is coming so here is the '12 days of Bailouts' ..




(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/investing-in-infrastructure-sector-now-makes-sense-from-indianmoneypluscom/)

Source- IndianMoneyplus.Com Real estate sector has tumbled in the same way in which Jill fell down in the well. But as inflation has now cooled it makes sense to buy some blue chip real-estate scrip’s. Home loan have sweetened leading to higher demand of new homes. This sector has a potential to turn the markets upside down as every new investment needs infrastructure and now low rate home loans will give a boost to many things directly and indirectly. The main sectors to benefit are firstly Infrastructure and later Banking.


Looking for a long term point of view one should pick up few beaten up stocks. I would go for Larsen & Tubro (LNT), Unitech , HDIL , SBI , ICICI Bank and Indiabulls Real estate.



Cooling home loans rate is the only reason why I am bullish on this sector for long term.
Happy Investing.


More Here - 

IndianMoneyplus.Com

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/india-a-suggestion-on-housing/)

Lee's Dhaba





#fullpost{display:inline;}We graduate college and enter the work force.  The income seems like a gusher and life is good...too good I guess because...the instinctual urges rear up (parents) and push us towards marriage, children and forming a family nest.  It is the last of these that I want to talk about.

Housing, rent or buy, is a huge decision and becomes monumental when you lean to the buy side.  Your equity will  be completely gone as down payment;  and your pay packet will be lighter by at least 30% when you make the buy decision..and then on-going expenses will keep the budget stretched for some time.  As you are faced with this decision, bankers and their agents enter and offer you lots of ways to get into trouble..I mean into a house.

In the last few years, a variety of housing loan options have been offered to consumers.  Just when you think you cannot afford a house, some new variety is offered up to entice another look..a lot of house owners have eventually chosen the floating variety.  Optimism says that affordability would go up as rates decreased.  Pessimists would say...ahh you are buying a house, this is no time for pessisim.  These borrowers have seen their EMI's shoot up as rates have risen.  Well, Reality bites.

Rising rates also put downward pressure on prices, so these buyers have seen costs going up at the same time that their equity has eroded.  A double whammy...always happens.  Remember, rates cannot go below zero but there is no upside limit..it is a stupid risk-reward for a housing borrower...it will take 15 to 20 years to pay the loan...rates are bound to go up in this time frame.

Government has a role to play here..no I am not a liberal when it comes to fiscal policy.  I just do not believe that providing choice is always the best way forward.

Specifically, I do not believe that a housing loan, a mortgage should ever have a plain floating rate of interest.  And if it does, the upper end should always be capped...one can attach an interest rate cap to the floating rate at a small price.

If a buyer cannot afford a house based on the fixed rate...then he/she should not buy the house...a home should not become a liability.  This is a harsh prescription which most people have a hard time accepting...after all the young know everything.  And it is hard to discuss something with people who know everything.

So, let us simply legislate that a housing loan/mortgage will always have a maximum rate...so it is either fixed or floating with a cap....and let us make this mortgage portable as long as the credit profile does not change.  If a house owner wants to move up the housing chain..then he gets to take his long term fixed rate mortgage along or he can pass the loan to the buyer as long as the buyer meets the Bank's credit standards.

This seems elementary...so why do we have floating rate mortgages?

Its those Big, Bad Banks.  They have to fund those fixed rate mortgages...and to do so they need to raise longer term fixed rate deposits.  There are lots of short term deposits at banks...savings accounts being a case in point.  These are the same as floating rate liabilities.  To avoid a mismatch of interest rates, the banks encourage floating rate housing loans to match up with their floating rate deposits.

With the growth of alternative investment vehicles, like mutual funds, the depletion of term monies has grown...and while short term money is available in the money markets, the market of wholesale term money is not deep and there are lots of competitors like Pension Funds and Life Insurance companies.  So the Banks take the easy way out..they pass the risk to the consumer.

The next time a banker shows you the virtues of a variable rate mortgage, remember it is not altruism at work..its his variable rate deposits.  When you ask a fruit seller if he recommends the apples or bananas and he says bananas, you know he has extra bananas to sell...

In my opinion, we have this ***-backwards.  Banks are in the risk and risk management business...we are putting a home buyer into the risk management business instead.  There is no long term upside for anyone in this scenario.  We could legislate a warning on documents 'Variable rate mortgages can be hazardous to your financial health'.

Let us change the paradigm...choice is not always good...say it again.  If you don't say it again, I will start talking about the US and UK banking systems.  And you DO NOT WANT that.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/potpourri-of-newsnothing-positive/)
India tops in Real Estate Transparency:  this is complete bunkum...maybe this is the reason that RBI has allowed NPA's of real estate companies to be classified as performing till June 2009...levelling the playing field, so to speak...we had a transparency "GAP".

Russia downgraded





China Exports Shrink :  when demand is shrinking, currency devaluation will not work

Japan slowdown exceeds expectations

Credit Suisse projects that 8.1 million homes will be in foreclosure by 2012 in US...or 16% of all households and mortgages!!!  Stag

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/indian-banks-lax-standards-chasing-growth/)

Lee's Dhaba



#fullpost{display:none;}
The picture below is a scan of an actual letter offering Rs 7.2 lakhs at 17% fixed rate for up to four years, with all sorts of processing fees...but there is no need of any documents.


...no salary slips, no document, no guarantor documents or bank statement...Just ask for it.



  1. If there is no documentation...why the 1% processing fee? Just put it in my account

  2. 12.36% service tax on interest...normally we tax income...now we have decided to tax cost...if I buy something with this money..I will pay another sales/service tax...and the bank will pay tax on the interest received...reminds me of Ronald Reagan who said:  Government's view of the economy could be summed up in a few short phrases:
    If it moves, tax it.
    If it keeps moving, regulate it.
    And if it stops moving, subsidize it.

  3. No documents means bad news...I will just say what money, when the time comes?

  4. The Rs 7.2 lakhs is 3 times the borrowers limit on the credit card...where is the credit department?


Now imagine if a customer banks with three or four institutions and they all had this offer. And competitive pressures have created such an environment...this is a recipe for trouble..the bank or the borrower...which means both.

Reminds me of the US when institutions were chasing customers so fast that the family dog was receiving a pre-approved $500 limit credit card.

This is another slippery slope...

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/market-review-for-10th-december-2008/)
BSE Sensex: (9163) the market opened with a bull gap but overnight profit booking and selling pressure near the 920 mark took its toll in the later part of the trading day ahead of the EID holiday. Looks like sideways trend to continue for some more time

The support for the Sensex is 8915 and the resistance to the up move is at 9320-9478-9630

Nifty: (2784) the support for the Nifty is at 2700 and the resistance to the up move is at 2860-3113

Source : PrakashGaba

Sesa Goa

4:22 AM with 0 comments »

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/sesa-goa/)
Short sell on sesa goa. Last trading day share close low with high volume.

first target - 66  second target-60.

 

all the best.

nifty

4:16 AM with 0 comments »

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/nifty/)
ONE CAN INITIATE LONGS IN NIFTY WITH SL 2700 (CLOSING BASIS) FOR TGTS OF 2900-3000

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/are-markets-ready-for-a-santa-rally/)
source: stockezy

RBI interest rate cuts, lower petrol & diesel prices, lower Central VAT and an immediate $ 4billion and proposed total $15billion economic stimulus plan all bode well for a market rally in the making. Now will we see 10,000 levels for Sensex, I am not sure but the sentiment surely is very positive.

So what did PM & FM Manmohan Singh's plan say or tried to do? The immediate fall out can be summarized in the following:

* 4% reduction in central VAT, means cheaper CARS. Maruti, Tata & Mahindra all have decided to pass on the reduction to the consumer.
* But this will also cost the government 87 million rupees in reduced tax earnings for end of 31st march 2009.
* Broadly the stimulus is targeted to power exports, housing, auto, small and medium industries and infrastructure sectors .
* For new Home Buyers, the public sector banks will announce a new package for home loans between 5lakh and 20lakh rupees.

Most of the details of how the spending will take place is not known. But one thing is for sure is that the UPA government wants to bring growth back on track before the May 2009 elections. The new target is 7.5%  GDP growth for year end 31st march 2009.

The RBI rate cuts are directly take another aim at increasing the liquidity and cash flow in the market and make it easier for businesses to now borrow money. But I think the bigger question is that will the non state banks also ease lending rates? Will have to wait and see. If the RBI had reduced the CRR then I think the situation would have been more clear cut and banks like ICICI, Yes, Axis would have eased prime lending rates.

Overall I am feeling confident to see sensex and nifty open positive, but more clear indication has to be seen in the coming weeks.

For Sensex:

Look for 9180, 9330, 9600 and 9800 as key resistance levels.

For Nifty :

2800, 2950 and 3010 as resistance levels on the upside.

Are you a stockpundit? Earn Reputation at stockezy.com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-8th-dec-from-indianmoneypluscom/)
IndianMoneyplus.Com - US markets had ended positive.

Asia has opened positive. 

Expect Indian markets to open a positive note. We can see a gap up opening of more than 200 points on Sensex.

Crude is at almost 4 years low so can this be a good news for few stocks ? Yes. 

Many stocks can benefit from this.

Levels on NIFTY are , support at 2650 and resistance for upmove at 2945 and 3150


Day Trading ideas.



Buy above 1145 for targets of 1152 and 1159

Sell below 1131 for targets of 1122 and 1113



Buy Above 362 for targets of 368 and 373

Sell Below 348 for targets of 342 and 339



Buy avove 898 for targets of 908 and 915

Sell below 871 for targets of 865 and 858



Buy above 1126 for targets of 1131 and 1136

Sell below 1110 for targets of 1106 and 1100


More ideas on IndianMoneyplus.Com 

Happy Investing!

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/market-review-for-5th-december-2008/)
BSE Sensex: (9230) it was the undercurrent of crucial support at 8316 that drove the market up with some of the mainline stocks bouncing back…the market just needs to breakout from 9326 levels and then we should see a sustained up move

The support for the Sensex is 8850 and the resistance to the up move is at 9320-9478-9630

Nifty: (2789) the support for the Nifty is at 2750 and the resistance to the up move is at 2860-3113

Source : Prakash Gaba

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/stocks-tips-for-friday/)
SELLReliance Industries Stop Loss 1230 Target 942

SELL Tata Steel Stop Loss 196 Target 158

SELL Unitech Stop Loss 33 Target 24

SELL JSW Steel Stop Loss 235 Target 167

Source : http://ping.fm/GU0zS

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/intraday-tips-and-market-outlook-for-5th-dec-from-indianmoneypluscom/)
IndianMoneyplus.Com - US markets ended negative.

Asia is bond to open flat to negative.

Yesterday markets rallied seeing the rate cut in short term.

We may see a flat to negative opening in the Indian markets.

Levels to watch out for on Nifty is it has a support at 2650 and resistance for upmove at 2940.


Day Trading Ideas.


HDIL 

Buy above 94.50 for targets of 96.25 and 9.90

Sell below 90.40 for targets of 88.20 and 86.50


Unitech

Buy above 30.10 for targets of 31.25 and 32.50

Sell below 29.25 for targets of 28.50 and 27.20


SBI

Buy above 1170 for targets of 1181 and 1190

Sell below 1160 for targets of 1152 and 1145

More Tips on IndianMoneyplus.Com

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/tata-steel/)
There is a temporarely relief in this stock.  This stock will test its all time low levels.  It may down 120-116 levels in future,  So please avoid to buy this stock on current levels.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/reduce-infosys-target-of-rs-1246-p-lilladher/)
Prabhudas Lilladher has recommended a reduce rating on Infosys Technologies with a target of Rs 1246 in its December 3, 2008 research report. "The outlook for the company and the industry is obviously quite weak in the near-term. With a difficult FY10E and full-tax FY11E, the two year earnings CAGR (FY09-11) for the company is unlikely to be over 10-15%. While we expect Infosys to perform better than most other players in the industry, we rate the stock ‘Reduce’ with a target of Rs 1,246," says Prabhudas Lilladher's research report.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/angel-neutral-on-vishal-retail/)
Angel Broking has recommended a neutral rating on Vishal Retail in its November 28, 2008 research report. "Vishal Retail (VRPL) is the fastest growing Retail player in India clocking CAGR of around 89% over FY2005-08. It is a niche player with strong focus on the Value Retailing segment catering majorly to consumers in Tier-II and III cities. It is currently present in around 100 cities."

"The company is set to grow its Top-line and Bottom-line at a CAGR of 40% and 8% respectively, over FY2008-10E. Even though at current levels of Rs 68, the stock is trading at very attractive valuations of 3.2x FY2010E Earnings and 0.4x FY2010E P/BV, there are concerns over its high Debt-to-Equity ratio, which is expected to be 2.7x in FY2010. Hence, we Initiate Coverage on the stock, with a Neutral recommendation," says Angel Broking's research report.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/angel-neutral-on-titan-industries/)
Angel Broking has recommended a neutral rating on Titan Industries in its November 28, 2008 research report. "Titan Industries is the world's sixth largest and India's largest manufacturer and retailer of watches and jewellery, which accounts for 35% and 60% of its overall Revenues, respectively. Titan has also forayed into the Eye-care segment recently under the brand name Eye+. The company is all set to grow at a CAGR of 26% in Net Sales and Net Profits respectively, over FY2008-10E."

"At the CMP of Rs 932, the stock is trading at 17.7x FY2010E Earnings and 5.4x FY2010E P/BV. We are positive on the company’s growth prospects. However, we Initiate Coverage on Titan Industries with a 'Neutral' recommendation as we believe the stock discounts the positives fairly well," says Angel Broking's research report.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/buy-psl-target-of-rs-181-sbicap-securities/)
SBICAP Securities has maintained its buy rating on PSL with price target of Rs 181 in its November 21, 2008 research report. "At the CMP of Rs 95, PSL is trading at a PE of 2.8x and 2.1x its FY08E and FY09E earning respectively. EV / EBITDA is at 3.9x and 3.2x FY08E and FY09E respectively. We initiate coverage on PSL with a buy rating and 12 month price target of Rs 181 implying an upside of 90%," says SBICAP Securities' research report.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/tata-steel-an-outperformer-hdfc-securities/)
HDFC Securities has maintained an outperformer rating on Tata Steel in its December 4, 2008 research report. "TSL revenues increased by 36.2% YoY to Rs 442 billion. Net profit grew by a whopping 213% YoY to Rs 47.7 billion. After Corus acquisition, Tata Steel’s raw material security was reduced to 17% while financial leverage increased to 1.65x, which are built into its discounted valuations. Further, due to volatility in steel prices and increasing demand concerns from industrial consumers, we are revising our FY09E and FY10E EPS by 9% and 18% downwards to Rs.103 and Rs.78 respectively."

"In the current quarter, the full impact of falling steel prices was not captured. However, 50-60% of Corus contracts for iron ore will be renegotiated in January 09 at lower prices, which will help ease margin pressures. Thus, we maintain our Outperfomer rating on the stock. At the CMP, the stock is trading at a PE of 1.6x FY09E and 2.1x FY10E EPS," says HDFC Securities' research report.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/buy-balrampur-chini-target-of-rs-55-karvy/)
Karvy Stock Broking has recommended a buy rating on Balrampur Chini Mills with a target of Rs 55 in its December 4, 2008 research report. "Balrampur Chin Mill (BCML) reported revenue increase of 40.8% YoY (QoQ increase of 30.2%) to Rs 4.11 billion mainly on account of higher sugar and distillery revenue in the Q4FY08. The company reported profit of Rs 145 million translating into EPS of Rs 0.57 for the quarter."

"The company is expected to report loss of Rs 240 million in FY09 and profit of Rs 1.26 billion in FY10. We have assumed cane cost of Rs 140 per quintal in FY09 and Rs 148 per quintal in FY10. Considering lower profitability in sugar and uncertainty on cane cost, we continue our valuation based on replacement cost method. We are revising our valuation of EV/ Ton from Rs 0.35 million to Rs 0.3 million with target price of Rs 55 (Previous Rs 68), Buy," says Karvy Stock Broking's research report.

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/buy-jet-airways-above-rs-126-icicidirectcom/)
ICICIdirect.com has recommended to buy Jet Airways above Rs 126 with a stoploss of Rs 125 and target of Rs 129/132/higher.

(My Original Blog Post: -*http://www.onlineequitycalls.com/2008/12/hold-infosys-technologies-mukadam/)
Shahina Mukadam, Director of Varun Capital Markets is of the view that one should hold Infosys Technologies.

"In Infosys Technologies I think one should wait a bit, maybe Rs 1,000-950 level would be a good level to add onto the stock. It is best placed among the IT stocks as of now to tide over these difficult conditions that are there in the markets. For example, while earlier we were expecting just the BSFI segment to be impacted, which accounts for a major chunk of their turnover about 40%. But as of now there is an expectation that the other segments like manufacturing retail also could face some bit of a slowdown in terms of order uptakes for these companies. They have a lot of surplus cash flow so I think that should hold in good state. At the same time maybe or slightly lower level would be better for the investor to average out and then hold on for maybe till Rs 1,400 levels to look to book some profits."

Disclosure: Analyst doesn't have any personal holdings in the above stock.

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/ashok-leyland-may-test-rs-16-17-mathew/)
Technical Analyst, E Mathew is of the view that Ashok Leyland may test Rs 16-17.

"Ashok Leyland doesn't have a very encouraging chart; I think we are just participating in a pullback rally. At best I think a very optimistic scenario would be something like Rs 16-17 and for those who have not been able to exit this stock; I guess this trading rally would possibly give you an opportunity of getting a price around Rs 16-17. The stock certainly doesn’t show that it has bottomed out; it is just a pullback rally from an extremely oversold zone."

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/sun-tv-has-target-of-rs-240-245-mathew/)
Technical Analyst, E Mathew feels that after a little bit of consolidation, Sun TV Network is able to breakout above this congestion zone of Rs 173-175 possibly you could have here an excellent trading opportunity, which could give you as high a price target of around Rs 240-245.

"Sun TV is a great favourite amongst the southerners; there is no doubt about that inspite of the problems between Maran sons and the powers that be. But what I would like to see is though we have seen a very handsome move we are heading into resistance zone of Rs 173-175 is stiff resistance in my opinion and we are almost there. If after a little bit of consolidation, this stock is able to breakout above this congestion zone of Rs 173-175 possibly you could have here an excellent trading opportunity, which could give you as high a price target of around Rs 240-245, which in this market where people are consistently losing money, this could possibly one of the better trading bets."

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/avoid-ashok-leyland-says-baliga/)
Ambareesh Baliga of Karvy Stock Broking is of the view that one should ignore Ashok Leyland.

"Among IVRCL Infra and Ashok Leyland, IVRCL would be a better choice but there are many more companies in that sector, which are much better. In fact I would prefer a stock like GMR or a Punj Lloyd. Ashok Leyland from an excise cut angle there could be some interest but for this sector to come out from where it is right now, I think it will take at least 3-4 quarters minimum. So at this point of time one can ignore a stock like Ashok Leyland."

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/stay-away-from-metal-space-baliga/)
Ambareesh Baliga of Karvy Stock Broking is of the view that one should stay away from metal space.

"We need to look at the steel cycle, which is still on the way down, as long as the commodity prices still moved on or possibly hold at these levels. You can’t expect the sort of performance, which you have seen from Tata Steel over the last 8 quarters. I don’t think that will be repeated at least for the next 2-3 years. So I don’t think any sort of bounce back should be a reason to buy this stock. I think one should stay away from the metal space, which includes Tata Steel and Steel Authority of India."

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/ivrcl-infra-can-test-rs-205-206-mathew/)
Technical Analyst, E Mathew is of the view that if IVRCL Infrastructure and Projects does breakout pass Rs 150, this move could surprise you with a move all the way to possibly Rs 205 and Rs 206, which would be a good trading opportunity.

"At least in the short-term IVRCL Infrastructure and Projects has given a lot of encouragement to the bulls because the bottom, which it has created at around Rs 103, is substantially higher than the bottom of Rs 57, which we saw in the month of October. So to that extent, I think the bulls have lot of encouragement and for a smart trader, the stoploss is defined as Rs 101, we could look for a breakout pass that Rs 150 zone. If it does breakout pass Rs 150, this move could surprise you with a move all the way to possibly Rs 205 and Rs 206, which I think would be a good trading opportunity but beyond that I would not read too much into this move."

Source : MoneyControl

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/hindalco-a-better-trading-bet-mathew/)
Technical Analyst, E Mathew is of the view that Hindalco Industries is a better trader bet than Tata Steel.

"In Tata Steel there is a trading opportunity and apart from Tata Steel where possibly there is a trading opportunity is Hindalco. If Hindalco is able to sustain above that Rs 43-45 zone that would invite a lot of possibly long-term investors also who see a lot of value in Hindalco and that could give rise to even a trading opportunity."

He further added, "Keeping a stoploss at around Rs 43-45, I think traders could certainly look for a level of around Rs 74-75. But if it is able to breakout above Rs 74-75 zone then it could surprise on the upside and this upside could give you a target of as high as possibly Rs 90-94. Amongst the metal pack, I do feel that a good trading opportunity exists in Hindalco infact I would rate Hindalco as a better trading bet than Tata Steel."

Source : MoneyControl