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GAMC No. :1703/2009-11. Issued by SSP Ahd. Valid up to 31-12-2011 VOL : 4 Issue No: 19
RNI No : GUJENG / 2008 / 24320

web : www.smartinvestment.in

Price 4th July to 10th July 2011

Rs. 12/-

Six-day-long winning streak on BSE halts Poor monsoon, weak IIP numbers may give jolts
The six-day-long winning streak that commenced on Thursday of the previous week and took the benchmark stock mark index, the Sensex, up by whopping 1295 points till the closing of the trading session on Thursday of the last week, came to an end on Friday when the markets beat a mild retreat led by heavy-weight Reliance Industries whose share plunged by about four percentage points on the reports of CBI raids on the former director general of hydrocarbons (DGH). The CBI raids on DGH hinted at involvement of the company, the market observers said, and added that a private company as referred to in the raids and which reportedly received undue favour from the former DGH could be none else but Reliance Industries. The loss suffered by the BSE sensex on Friday amounted to only 83 points when compared with the daily average gain of 151 points in the preceding four trading days uptil Thursday and therefore, the Sensex still ended up by 522 points at the end of the week when compared with its previous week's closing giving it week. Thus, despite of a mild retreat on Friday due mainly to adverse reports pertaining to Reliance Industries, the undercurrents in the markets continued to be strong and bullish and therefore, the Sensex and prices of select scrips could be expected to go further up in the imnitial trades in the new week. However, investors need to tread highly cautiously since the rally in the last week was based mainly on FII buying and short-covering by the bear market operators and therefore totally undependable as FIIs might halt extending their buying support at prices that have already elevated significantly and the markets might fall on corporate numbers for Q 1 that are scheduled to be announced from the new week onwards. The earnings season is not going to be supportive to a

Buy of The Week


Hemant K. Gupta (Mumbai)

Diamond Power

Undervalued Power Equipment Scrips


(BSE Code : 522163) (Rs. 162.00)

By Talaksi Gosar (Mumbai)


a definition of yet another bullish week. The six-day-long rally that helped the Sensex initially regain 18000 mark was led mainly by FII buying and partially aided by short-covering by bear operators who saw no other alternative but covering their huge shortposisions against the massive FII buying. It was this short-covering process that did not let the markets suffer slightest scrach even on the last day of the monthly contracts of futures and optiions falling on Thursday of the last

Baroda based DPIL has emerged as one of the leading power equipment manufacturers in India. Company has been expanding its capacities and adding new products to its portfolio, propelling its growth to a high level. Scrip is being recommended as recently company has completed its plant for manufacture of Extra High Voltage Cable for upto 500KV Cables. DPIL has mainly four divisions: Conductors, Power EPC, Power Cables, Transformers For FY11, DPIL performed extremely well with sales rising by 71% and Net Profit (Rs. Cr.) 2009-10 2010-11 zoomed by 90%. During the year, com- Net Sales 847.7 1452.5 pany had issued Bonus shares in the ratio EBITDA 115.0 200.9 of 1:2, hence Eps did not rise in same proNet Profit 60.1 114.6 portion. Scrip is trading at just 5.22xFY11 Eps although book value is Rs 145/. EPS (Rs.) 28.8 30.8

Financial Performance

(Cont.... on P 7)

FUTURE OUTLOOK:- In Q4 of FY11, DPIL has commissioned new capacities As a result, LT cables capacity has increased from 8800 kms to 33000 kms and HT cables from 2800 kms to 5600 kms. It will contribute substantially to company's performance in current year.

(Cont.... on P 6)

Dalal Streets Rumor-mill


South bulls advices to go long on the counter of KSE Ltd. The company is reportedly faring well and is poised for a bonus announcement. RCF is generating buying interest at the current lower levels as it is set to encash the huge land bank in the coming years. Seasoned punters are very bullish for Sutlej Ind. According to them, the company is reportedly faring well and might consider bonus issue. Triton Valves is a safe medium term bet, as opined by a veteran bull from Mumbai. Ahmedabad bulls recommend Jay Chem. The counter is witnessing informed buying. Kolkata bulls advices to accumulate CESC Ltd., the company is set to encash on its land bank in the near term. Surprised announcement is likely from Navin Fluorine, opines knowledgeable circle. Delhi bulls recommend SRF Ltd. The company is set to announce cheering reports and might surprise stakeholders. Pune punters recommend Sahyadri Industries. The company is back on track after a mild setback, they opine. Investment brokers are cornering share of Nitin Fire, for their HNI clients. They are expecting cheering news from this company going forward.

Pattern formation is a dynamic process and what better time to understand this now; even as the indices continue their search for further direction. It is almost like the patterns are having a fight amongst themselves. There are three pattern formations which need to be understood clearly. 1. The first pattern which is now a casualty, being the Bearish Head & Shoulders formation on the daily charts. As we had mentioned last week the daily H&S would fail if the Sensex closed above 18724 and Nifty above 5605. This pattern has failed as both the indices managed a close above those levels.

Pattern Formation - A Dynamic Process


2. The second pattern is the Bearish H&S formation on the weekly charts, which could not get completed because of its failure to close below the neckline on the weekly basis. This pattern will get completed when indices close below the neckline i.e. Sensex 18000 and Nifty 5384. This pattern can fail if the indices close

Bearish Belt Hold

Market Scan
Jatin Sanghavi
(Mumbai) (M) 098205 26455 E-mail : jatinsanghavi100@yahoo.com

INDEX LEVELS
S3 S2 S1 Close R1 Nifty 5348 5443 5539 5627 5721 Sensex 17786 18120 18452 18762 19074
above the right shoulder i.e. Sensex 19811 and Nifty 5944. 3. The third pattern which finds mention is the Descending Triangle formation. This pattern is under consideration because the previous bottom of Sensex and Nifty got tested without violating that bottom. The trendline joining these bottoms is almost

R2 R3 5824 5926 19342 19633

This Weeks Recommendations


Buy Buy Buy Buy Buy Stocks CMP SL TGT-1 TGT-2 Cent. Tex. 365 357 378 393 Rel. Media 130 127 135 141 OFSS 2310 2282 2353 2398 PFC 191 188 198 205 3 i Infotech 47 46 50 53

horizontal. This pattern will get completed and generate a bullish breakout if the Sensex closes above 19018 and Nifty above 5720. A bearish breakout will be in place if the Sensex closes below 17295 and Nifty below 5177. TECHNICALLY SPEAKING :The Sensex opened the week at 18132, made a high of 19031,

(Cont.... on P 6)

Stock Wave

Sarvesh Ashok Trivedi


(Mumbai) (Mob) 09820728124

w w w. c h a r t s a n k e t s t o c k . c o m

TIPS OF THE WEEK BUY.... BUY....BUY


Co. Name Code Price Tainwala Chem. 507785 36 Bhagyanagar (I) 512296 21 Premier Exp. 526247 90 Gemini Comm. 532318 24 Arvind 500101 82 Kilpest 532067 28 Dish TV 532839 90 Thiru-Arooran 507450 98 Dhanlaxmi Bank 532180 115 Advanta 532840 257 ECE Ind. 532491 124 Prime Focus 532748 62 Hanung Toys 532770 152 Guj. Gas 523477 393 NIIT Ltd. 500304 55 Wockhardt 532300 370 Cox & Kings 533144 189 LIC Hsg. 500253 240

Against All Odds

Diwan-E-Khas

Selected stock would be supported at every dip


BSE Index (18762.30) :- The BSE Index is heading northward from its bottom level of 17314.78. Market indicates overbought position on daily basis and neutral position on weekly and monthly basis. On upward side beyond 18875 it may face some resistance at 19000 and 19200, beyond this level it may touch up to 19350 and on down side it may get some support at 18552 and 18400. Nifty Future (5638.50) :-. The Nifty Index is heading northward from its bottom level of 5182.40. Market indicates overbought position on daily basis and neutral position on weekly and monthly basis. On upward side beyond 5645 it may face some resistance at 5695 and beyond this level it may swing between range of 5740-5790 and on down side below 5605 it may be supported at 5580, 5540 and 5515. Bank Nifty (11295.50) :- Bank Nifty is also heading upward from its bottom level of 10335.85. Market indicates overbought position on daily and weekly basis and neutral position on monthly basis. On down side below 11099 it may get some support at 10953 and 10890 and on upward side beyond 11285 it can touch the higher level of 11400 and 11465.

The operators did surprise all. Its E-mail : blessings of FIIs. Last six days FIIs divanconsultancy@rediffmail.com bought shares worth rs.6000 crores. It is beyond immigration of all. Our inflation is not under control. Crude prices are going up the monsoon is not yet set even though one month passed. The political situation is going bad to worst. Why Fiis are chasing few stocks? Bse index which closed t 18412 on Monday. Touched high of 18845 on Thursday closing and closed on Friday at 18762. Last Friday was good day for Dow which closed above 12500, breaking record of last two years on weekly closing. We feel tha delta_corporatin is good buy; IDBI, another share which has moved fast last couple of days. We feel that share price should touch rs.140 in next few daises/l is at rs 129. DLF, this share got beating after RBI announced hike in interest rate. Now management has decided to make company debt free. So price is expected to touch 225 soon. Friends be specific and do not run after all stocks. be selective with stop/loss

A.J. Diwan (Mumbai)

(Cont.... on P 6)

Golden quote :- Wealth changes the home but love changes the life drastically

For F & O + Cash + Nifty + Weekly sms CASH to 54959


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Financial Weekly

27th June 2011 to 3rd July 2011

SMART
INVESTMENT

Nifty - Between Trend Line Resistance & 200 DMA Support


C.M. Patil
info@MarketRahasya.com
Last week I had advised my readers to trade on positive side with a target of close to 5600. NIFTY index achieved this target on Wednesday itself. In fact it made a high of 5705 and closed the week at 5627 What happened during the week ? :- As US markets had closed in deep red on previous Friday, our market opened on a lower side near 5434 but immediately recovered and started marching towards the target of 5600. Tuesday there was a bear attack during intraday session but bulls were back in control to take the market up and closed towards the higher side of the day. As usual the derivatives indicators were giving most robust signals about the strong uptrend in NIFTY. Index crossed 200DMA line on Wednesday which is a very strong bullish signal on technical chart. The European and US markets rallied during the week on the news of Greece bailout and austerity measures. This helped to strengthen the positive sentiments in India market too. However, on Friday NIFTY opened very near to the trend line resistance and has fallen from there. Whats next ? :- As you can see in the chart, NIFTY is trading between the Trend Line resistance and 200DMA support line. Now the market requires new trigger for the breakout. For NIFTY traders, I would advise to have little patience. It is better to wait till NIFTY breaks out of the region highlighted in a circle. If index is able to cross and sustain above trend line resistance at 5710 then expect another strong rally of nearly 250-300 points. However close below 200 DMA at 5578 would again trigger a fall up to 5300.

Weekly & Short Term Recommandation (4th to 8th July)


PRANAV SHAH : 98250 97943

Nifty & Sensex Levels


F & O Close R-1 R-2 S-1 S-2
NIFTY 5638 5767 5909 5590 5484 SENSEX 18762 19090 19580 15600 15210

Buy Call
Co. Name
RPOWER GRASIM JINDAL STEL SAIL CIPLA GAIL

F & O Target Target StopClose Rate 1 2 loos


116.35 2119.85 651.90 138.30 328.20 452.60 119 2146 670 142 338 463 124 2178 682 147 345 471 114 2092 640 135 323 443

Sell Call
Co. Name F & O Target Target StopClose Rate 1 2 loos
523 1102 378 515 537 1080 1142 365 394 RANBAXY 530.45 MARUTI 1128.30 BHARTIAIRTEL 386.20

Commodity space
Pick for the week :- Tata Motors: CMP 993, below 988 the target will be 970-957 Tata Steel: CMP 602.30, stop loss 605, the target will be 596-588 LT CMP: 1807.20, support near1787, target 1817-1834-1857 Aban: CMP 513.70, below 504 the target will be 492-464 Last weeks recommendations : - Target achieved 100% : HCL Tech made high of 503.50, IDFC made high of 135.80, TCS made high of 1198. ABG Ship reached 374.90
[Disclaimer: These are the personal views of the analyst and are not any recommendations. Analyst may have holdings in these scripts.]

Badruddin
Sr. Research Analyst - Commodities Angel Commodities Broking Pvt. Ltd.
support at 93.00/90.60 levels and resistance at 96.80/99.40 levels. MCX July Crude shall find a strong support at 4120/ 4060 levels and resistance at 4300/4370 levels for this week. Soybeans : NCDEX July Soybean futures traded range bound with weak sentiments in the last week as picking up in sowing of soybean crop in Madhya Pradesh after receiving good rains in the last week. Net oil sales came in at 23,600 tonnes versus 13,000 metric tonnes are needed each week to reach the USDA forecast. From the Census Oil Stocks report, soybean oil usage to produce biodiesel jumped to 232.7 million pounds in May which was the highest monthly total since December of 2009 and was up from 216.8 million the previous month and 102.6 million the previous year. Last week, NCDEX July soybean prices opened the week at Rs 2290/qtl initially traded slightly higher and found strong resistance of Rs 2313/qtl. Later prices fell from high and touched a low of Rs 2257/qtl and finally ended the week (Friday) at Rs.2286.50/qtl with a nominal loss of Rs 7.5 per quintal as compared with previous weeks close of Rs 2294 per quintal. For this week, oilseed complex are expected to trade range bound amid subdued trading activity on lack of fresh fundamentals. Lower demand at retail ends as pick up in sowing of kharif oilseeds crops amid favorable weather conditions are in favour of the bears. On the other hand, declining arrivals of oilseeds with lower carry over existing stocks of oilseeds are in favour of the bulls. NCDEX July soybean shall find a strong support at 2250/2220 levels and resistance at 2330/2360 levels for this week.

Weekly Stock Market Prediction 4th July 8th July 2011


Weekly Planetary Position : During The Week, Moon Will Be Transiting In Cancer, Leo & Virgo. Sun & Mercury In Gemini. Venus, Mars & Ketu In Taurus. Jupiter In Aries. Rahu In Scorpio. Pluto In Sagittarius. Saturn In Virgo. Neptune th In Aquarius. Mercury & Venus Will Shift To Gemini On 29 June 2011. Paints & Textile Sectors, Which We Have Been Continuesly Predicting Too Would Be Receiving Very Strong Astro Support. Accumulate, Asian Paints, Shalimar Paints And Berger Paints Etc In Paints Sector & Century, Arvind, Alok, Raymond Etc In Textile Space On Decline As Predicted Last Week, Financial Sector Will Continue To Receive Very Satish Gupta (Delhi) Strong Astrological Support. Buy Pfc, Rec, www.astrostocktips.in Sriram Transport, M&M Financials, Idfc Etc On Dips. In Banking Sector, Prefrence Should Be Private Sector Banks. Sugar Sector Renuka Sugar, Balrampur Chinni & Bajaj Hindustan Etc Too Will Continue To Receive Strong Astro Support. Last Week, We Predicted About Sugar & Personal Care Sectors. After Long Time, Sugar Sector Have Started Receiving Astrological Support & Balrampur Chinni, Bajaj Hindustan & Renuka Sugar Appreciated By 10-18%. In Personal Care Space, Emami Went Up By 10% & Colgate & Hind Unilever Made New Highs. Due To Uncomfortable Planetary Position Of Lord RAHU, In INDIAS Horoscope, Disturbing News Flow Will Conth tinue. Now From 6 June 2011, With Change In Position By Lord Rahu From Sagittarius To Scorpio, The Position Of The Government Will Be Highly Uncomfortable For Next 4 Months. Be Cautious : Now With The Change In Position By Planet Rahu & Ketu On 6th June 2011, Who Soever Has Carried Out Property Transactions By Violating Rules / Laws May Be Under Investigations New Samvat 2068 (Hindu New Year) Have Started From 4th April 2011. Whenever New Samvat Starts, Based On Planetary Position / Conjunction & Aspect Among Planets, Some New Sectors Commence Out Performing & Many Sectors, Which Were In Momentum During Last Samvat Start Under Performing. It Has Been Observed Many Times That Investors / Traders (Not Knowing This Fact) Keep Investing /Trading In Such Sectors,( Whose Astrological Support Is Over) Resulting In Losses. It Is Suggested To Consult Your Financial Astrologer To Know About The Sectors. One Should Trade Only In The Stocks Of That Sectors Which Are Getting Very Strong Astrologically Support, Since The Chances Of Losing Money In Such Stocks Are Very Less. Sectors Which Get Strong ASTRO Support Are Not Normally Affected By Downfall In The Market

Astro View

Bullion : Gold prices fell more than 2 per cent in the last week as compared to previous week on account of Greece is successful in averting a default, thus reducing safe-haven demand. Sentiments in global markets remained optimistic as Greek lawmakers backed a bill to authorize an austerity plan which is needed to keep rescue package available. Last week, MCX August Gold prices opened the week at Rs 22,134/10 grams, initially moved mildly higher and found strong resistance of Rs 22,184/10 grams. Later prices fell sharply from high and currently trading (July 01, Friday, at 7.15 PM) at Rs 21,684/10 gram with a loss of Rs 515/10 gram as compared with previous weeks close of Rs 22,199/10 gram. For this week, gold is expected to trade slightly higher on short covering and longterm concerns with respect to Greece, slowdown in US economy and dollar weakness will support to the gold prices. Spot Gold has a strong support at $1477/ $1466 levels and resistance at $1506/ $1524 levels. MCX August Gold has a strong support at 21,520/21,330 levels and resistance at 21,880/22,070 levels. Spot Silver has a strong support at $33.05/$32.30 levels and resistance at $34.85/$35.60 levels. MCX September Silver has a strong support at 50,500/ 49,800 levels and resistance at 52,000/ 52,700 levels. Base Metal : Base metal complex traded higher in the last week as rise in risk appetite in the global markets due to easing concerns with regard to Greeks debt issues. Australias Minara Resources has reduced its production due to an equipment failure. This would have a minor impact on global supply and nickel prices. Minara is Australias second largest nickel producer after BHP Billiton which only recently resumed production at its nearby Kwinana refinery. For this week, base metals are expected to trade slightly lower mainly due data that indi-

cates slowdown in manufacturing in China, the worlds largest metal consumer. MCX July Nickel shall find a strong support at 1028/1000 levels and resistance at 1065/1092 levels for this week. Energy : Crude oil prices improved in the last week, mainly on the back of expected supply disruptions from the Gulf of Mexico which was hit by the first tropical storm Arlene. Gas prices surged mainly due to a weaker dollar and less than expected rise in US natural gas inventories. Appreciation in the Indian Rupee capped sharp gains on the domestic bourses. However, the Organization of Petroleum Exporting Countries (OPEC) witnessed a rise in June production by 210,000 barrels to average 29.105 million barrels a day, marking the highest since February. Saudi Arabia also increased output by 3.2 percent to a 32-month high. Daily output by the 11 member expects Iraq rose 180,000 barrels to 26.4 million, i.e. 1.55 million barrels above target. Last week, MCX July Crude prices opened the week at Rs 4120/bbl, initially moved slightly lower and found strong support of Rs 4062/bbl. Later prices surged higher and touched a high of Rs 4300/bbl and currently trading at Rs 4190/bbl (July 01, Friday at 7.00 PM) with a gain of Rs 64/bbl as compared with a previous closing of Rs 4126/bbl. For this week, we expect crude oil to come under pressure on the back of slowdown in manufacturing activity in China and as report is forecast to show that manufacturing activity in the US also slowed. Rising supplies from the IEA and the OPEC will also add as a negative factor. The only upside potential to prices will be any threat of cutback in production in the Gulf of Mexico on account of a hurricane. NYMEX Crude has a strong

Scrip watch
ITC Ltd (Rs. 201.00) (Code : 500875) : ITC Ltd recorded a new 52week high of Rs. 202.40 on Friday. The stock had made 52-week low of Rs. 145 in last July. So, ITC stock has appreciated by more than 30 per cent. TC Ltd is planning to foray into dairy and beverage in its quest to become the countrys largest fast moving consumer goods (FMCG) company. It is also looking to take its various food and personal product brands global in the next five years.The company is looking to triple its FMCG turnover from Rs 5,000 crore to Rs 15,000 crore in the next five years. This does not include cigarettes. Mr. Yogi Deveshwar has been re-elected as companys chairman for another 5-year term which is a major boost for the company. The current market cap of the company is Rs. 1,54,995 crore.The Institutions held 49.92% stake in the company. The company has vast diversified portfolio which lessens its risk. Buy this stock and buy more at every decline. Divis Lab (Rs. 794.00) (Code : 532488) : The Hyderabad-based pharma company, involved in contract research and manufacturing services ( CRAMS), has reported strong results for the fourth quarter ended March 2011. Recovery in global outsourcing industry, strong clientele and new capacities coming on board from first quarter of FY12 are driving up the stock's fortunes on the bourses.The company earns half of its revenues from manufacturing generic bulk drugs and nutraceuticals and the other half from contract manufacturing for innovator pharma companies. The company is setting up its fourth manufacturing unit in Vizag - which is likely to become operational very soon. It is one of the few pharma companies in contract manufacturing that is enjoying high operating margins of around 35-40%. The company is likely to use Rs 500 crore of cash for acquisitions in the biotech space for venturing into the manufacture of biosimilars.The stock has crossed Rs. 800 level from Rs. 715 just a month ago. Go with this momentum stock. Apollo Tyres (Rs. 79.00) (Code : 500877) : Apollo Tyres will benefit as rubber prices are coming down and that is a good news because in the past though the company has shown good topline growth but on the part of input cost due to their rise the company couldn't show good impressive bottomline. Tyre producers have raised T&B tyre prices by 13-15% in the past three months to pass on cost increases. Rubber prices have started declining, as supply concerns are reducing. Increase in tyre prices and decline in rubber prices would boost margins from 2QFY12. Apollo Tyres, the second-largest player in the tyre segment and leader in the commercial vehicle tyres, reported double-digit revenue growth in the March quarter. This was on account of a recovery in the European tyre demand and sustainable growth in the domestic replacement market. So, there are better days ahead for the tyre companies as a whole and Apollo Tyres is one of the fundamentally strong company in this sector. Buy.

Ganesha Speaks.Com
(Continued from page 8)
07-07-2011, Thursday :- Moon and Saturn are forming a Vish yoga, and both the planets are in the Kanya rashi. Technical, Fundamental, Astrology- all do their own analysis. What you need to do is mix all three and develop your own opinion, as this will prove to be very helpful for you. Along with the happiness of the monsoon, in the first 1 hour, you may also enjoy the buysell. But you are advised to keep a tight stop-loss and then gamble . From 10:15 to 13:10- the weightage is zero. Thus, there is a possibility that you may come back to the same position. 08-07-2011, Friday :- The moon is in the Hasta nakshatra of Kanya Rashi. If you think in the same direction as that of the others, the possibility of earning profits may be curtailed. In trading, value is not important, it is volume that is more important. There may be panic in the market during the closing time, unlike other days. Ganesha is predicting this one week in advance. Today 10:10 and 13:55 may be the high points and 10:40, 14:40, and 15:25 may be th down points. But, says Ganesha, do not take a decision unless you observe the opening and whe re it steadies. This may be the turning point of the day as well. With Ganeshas Grace

BEWARE
Hemant K. Gupta (Mumbai)

Welspun Project (Rs. 67.00) (Code : 532553)


Earlier known as MSK Projects, Welspun Projects has small presence in India's infrastructure segment: Welspun Projects reported dismal results for FY11 with Loss of nearly 33 crores on Income of 234 crores. As percentage of Sales, it must be highest loss in entire industry. Financial Performance Now there are repeated rumours in the market 2010-11 that company will announce buy-back of shares @ Particulars 234.00 Rs 130-150/ from open market. As per inside info Total Income 35.00 available to this writer, company not coming with Interest -32.86 any buy-back of shares. Fundamentally also, if in- Loss vestors look at financials of the company that it has Equity 40.00 made LOSS of 33 crores and has paid INTEREST charges of 35 crores. How a company in such a big mess can afford (from where money will come) buy-back? Moreover, promoter holding is 61%. When promoter holding is more than 55%, company must take approval from SEBI for buy back. And SEBI may not so easily grant buyback approval to a company which is in a financial mess. Hence, investors are advised not to believe such rumours and stay away from buying this scrip

Financial Weekly

SMART
INVESTMENT

27th June 2011 to 3rd July 2011

Breaking News
Hemant K. Gupta (Mumbai)

INVESTMENT VIEW & MARKET GUIDANCE kukkuji


Technofab Engineering (TFEL) :- is engaged in the business
of providing engineering, procurement and construction (EPC) services on turnkey basis. The company undertakes execution of a wide range of balance-of-plant (BoP) and electromechanical projects in the power, oil & gas, water & wastewater treatment and other industrial & infrastructure sectors in both India as well as international markets. The company currently executes projects in 15 states in India as well as Kenya, Ethiopia and Fiji. Company has good track of record of performance, For the audited full year, net profit rose 36.35% to Rs 26.03 crore in the year ended March 2011 as against Rs 19.09 crore during the previous year ended March 2010. Sales rose 44.77% to Rs 290.08 crore in the year ended March 2011 as against Rs 200.37 crore during the previous year ended March 2010. BOOK value of company is 135, while market cap is 147 crs, MBL Infra :- The NHAI aims to successfully close FY12 with order awards for 7,300kms (by far the highest in its entire awarding history), bidding environment has significantly heated up over the past couple of quarters, there is possibility of NHAI achieving the target of executing 20kms/day in FY14. MBL is one of the efficient player in the sector,it has book value of 158,eps of rs 35, 52 week high is 293, Thus down side is limited . investors can keep watch to accumulate on dips. risk factor . debts are higher with higher prevailing rate of interest , it may hit the margins . PVP Ventures : investors can keep watch on this stock on high risk & good gain basis. About 272 crs loan has been converted in to equity at pre agreed rate of 204 & remaining 172 likely to get converted in current year. there is some weave of interest on loan which was from promoter group companies . company has land at prime location in Chennai of Binni mils where it has recently launched new projects. this likely to generate good revenue for company over long run. Kirloskar Pneumatic :- The Company has two major business segments viz. Compression Systems and Transmission Products. it registered 8% growth in net sales to Rs 491.73 crore for the year ended March 2011. However, operating profit margins decreased by 60 basis points to 14% on the back of rise in consumption cost resulting operating profit to increase by 4% to Rs 68.68 crore. Other income decreased by 18% to Rs 9.61 crore. With increase in interest by 1% to Rs 1.87 crore and depreciation by 54% to Rs 11.33 crore, PBT was down by 5% to Rs 65.09 crore. After accounting tax Rs 21.59 crore and prior period adjustments Rs 0.41 crore, net profit further down by 8% to Rs 43.91 crore. Management has declared dividend of 120 %. company has orders in hand of around 550 crs, & outlook of company is encouraging .ROCE of the company has remained consistent between 36 to 46 % over last five years while RONW has remained 25 to 42 % dur-

(kukkuster@gmail.com)
ing same period which is very encouraging ,52 week high is 655 while stock available at current price of 430 looks attractive for investments . Supreme Infra, stock outperformed the sector & closed well at 274,. stock has fundamentals to touch 325 mark or still higher levels depending on the sentiment, investors can hold on to the same for booking profit at higher levels . V. Guard :- stock should do well once it closes firmly above 230 , investors can continue to hold the same. Ashiana Hsg, company has plant to grow its sales by 50 % over next two year time , investors can continue to hold this stock. this stock has outperformed realty index due to its unique debt free business model.
NOTE- From our advised stocks Elantas 1692, Supreme industry 188 touched new high while Goodyear closed well at 339, investors can book part of profit in Supreme industry at higher levels .

Lloyd Steel (Rs. 17.00) (Code : 500254)


Belonging to Gupta family, Lloyd Steel had become a BIFR case as company was incurring heavy losses and its networth had been wiped out. However, now, post Debt Restructuring, Lloyd Steel has turned profitable: Lloyd Steel has made Pat of 27.27 cr for quarter ended March 2011 as against Loss of 155 crores in corresponding quarter of previous year. Moreover, promoter stake has gone upto 53.09%. Particulars Quarter Ended It is reliably learnt that Mumbai 31-3-11 31-3-10 based steel company may acquire 912.0 672.0 promoter's stake of Lloyd Steel and Net Sales 27.27 -155.0 management may change hands very Profit/Loss soon. Open offer may be @ Rs 30 per Equity 392.0 224.0 share. Hence, Lloyd Steel may be Promoter Stake 53.09% 17.44% bought at current price of Rs 17/. Fundamentally, company has made a sharp turnaround and should report better results in current year and share price can go up by 50% in less than one year. However, if Lloyd Steel is really acquired by another steel company, its share price may rise 40-50% in few weeks. Worst scenario, scrip may go down by 4-5% but upside can be 40%.

Financial Performance

Smart Supuer duper


Sterlite Techno (Rs. 53.00) (Code: 532374) :- The company, engaged in production of heavy electrical equipments, has during Q4FY2011 bagged orders worth Rs. 2200 crore from power sector and orders worth Rs. 400 crore form Telecom sector that indicates 28 % growth on Y2Y basis in its order book. 70 % of total orders from power sector are placed by Power Grid Corporation only which would help company maintain its leadership position in Indias conductor market. The company had posted the net profit of Rs. 10.30 crore on turnover worth Rs. 682.23 crore achieving annual EPS of Rs. 0.29 for the FY 2010-11 ended on March 31, 2011. The 52 weeks highest price of this share was recorded at Rs. 124.20 and the lowest one was recorded at Rs. 44.60. Currently this share is quoted near its lowest price indicating upward movement very soon. Investors must add this stock in their portfolio from long term perspective. Marico (Rs. 155.00) (Code: 531642) :- The business volume of Parachute Oil, its most popular brand, has increased with 5 % growth and 32 % price hike of this brand beside the demand of Saffola Edible Oil too increased significantly are two main reason why we recommend this stock. The company has achieved steady but strong growth in edible oil segment. The management of the company is planning to open 3-4 KAYA skin care clinic in Middle East in a near future. Considering all these positive factors the future of the company seems bright and salient. Investors can invest their capital from mid to long term perspective. Advanta (Rs. 257.00) (Code: 532840) :- This Indian multinational seed company, having foot print across the globe, is 49.84 % owned by United Phosphorus and is enjoying leadership position in Latin American, South American and Asian countries beside Australia. The company has in February, 2011 taken over Texas based Crosbyton Seed Company in order to strengthen its presence in Maxico. The company, having net worth of Rs. 497 crore (as on December 31, 2010) has made loss worth Rs.3 crore on sales of Rs. 703 crore achieving EBITDA worth Rs. 75 crore for the Q4FY2010-11. The company has very recently issued FCCB worth Rs. 282.84 crore. Investors intending for long term investment must take entry at this level. Renuka Sugar (Rs. 68.00) (Code: 532670) :- It is one of the largest sugar company of India having sugarcane plantation and sugar manufacturing facilities overseas. The sugar sector of the country is all set to avail benefit from two trigger point i.e. decontrol and increased export permission. Emphasis on agriculture sector and some relief for sugar sector from government are two positive factors that may create positive impact on its profitability. The price and the volume of this had increased significantly during last week indicating something is cooking in the kitchen. The company had posted the net profit worth Rs.29.20 crore on sales of Rs. 1248.90 crore achieving annual EPS of Rs. 0.44 for the FY 2010-11. Investors can expect the target price of Rs. 77 during next couple of weeks.

BUZZING STOCKS Ankit Gala : Cell : 09819664831


Ankit Gala is a upcoming professional in this field and has good experience in the Indian Stock market. He provides tips to small and medium investors. He has also written books on Indian Stock Market namely Guide to Indian Mutual Funds, Guide to Future & Options, and Guide to Commodities Market

PFC
(Code : 532810) (Rs. : 184.05)

BUY POWER FINANCE CORP. @ 182 184 FOR SHORT TERM TARGET OF 200 - 202

Crompton Greaves
BSE CODE : 500093 (Rs. 259.20)
BUY CROMPTON GREAVES @ 258 260 FOR SHORT TERM TARGET OF 274 to 276

HANUNG TOYS
(BSE Code : 532770) (Rs. 105)
BUY HANUNG TOYS
@ 148 150 FOR SHORT TERM TARGET OF 164 166

News Track
MetLife (India) in turn around position
MetLife India Insurance Company Limited (MetLife) today announced that the company has posted a net profit of Rs 35.35 crore for the financial year ended March 31, 2011, for the first time since it has launched operations in the country. MetLife India posted a loss of Rs 274.82 crore at the net level in the previous financial year ended March 31, 2010. The company registered flat total revenue at Rs 2,615.13 crore for the financial year ended March 31, 2011 compared to Rs 2,627.63 crore in the previous financial year.

PEN E-P3 series launched by Olympus


In a worldwide launch, the Olympus a world leader in opto-medical technology, introduced the PEN Trinity series, a new generation camera system comprising the Olympus PEN E-P3, Olympus PEN Lite E-PL3, and Olympus PEN Mini E-PM1, along with two new lenses and a Wireless Flash Unit FL-300R. With the new additions to the PEN system, Olympus marches ahead of competition to become the only manufacturer offering the widest range of Micro Four Third System cameras and compatible lenses in black and silver. The new line-up was unveiled by Rahul Bose, acclaimed art house actor and an photography enthusiast, in the presence of Mr. Toshio Murai, Managing Director, Olympus Imaging India Pvt. Ltd. and Mr. Akira Fukui, Group Leader (Senior Manager Asia Sales Group, Global Sales and Marketing Div.). With the launch as a center-stage, Olympus also honoured the achievements of two of Indias renowned, national award-winning photojournalists for their pioneering contribution to the field of photojournalism: Padma Vibhushan Homai Vyarawalla - Indias first woman photojournalist and Padmashree Raghu Rai - Indias foremost photojournalist. Speaking on the occasion, Mr. Rai said, For a photographer with over 45 years of experience, the interchangeable lens type digital camera system, offers great opportunity to photographers with looks of an amateur, but the quality of a professional; with fast auto focus, high ISO settings and a range of fast lenses which are light and compact.

Financial Weekly

4 July 2011 to 10 July 2011

th

th

SMART
INVESTMENT

Primary market is awaiting for the mega IPOs of ONGC, MCX, Reid & Taylor, L & T Finance and Tata Autocomp

All eyes are on listing of Rushil Dcor, Birla Pacific and Vaswani Industries
Bhartiya Global enters in the market on July 11, with its IPO having offer price of Rs. 75/82
Readymade Steel :- This company had entered in the market on June 27 with IPO, having offer price of Rs. 90-108. The IPO was closed on June 29. How much it oversubscribed ? :- This IPO was oversubscribed 0.03 times in QIB segment, 1.37 times in HNI Segment and 4.18 times in retail segment making average oversubscription 1.68 times more than its size. Discovery Price : The company may fix its discovery price from its upper price band of Rs. 108. Refund : Probably on July 11 Allotment :- Investors applying for 1800 shares worth Rs. 2 lakh may be allotted 900/1000 shares and investors applying for 900 shares worth Rs. 1 lakh may allotted 450/ 500 shares. Retail investors applying for 180 shares may get allotment through lottery system.

The IPO of Readymade Steel:- Got poor response in QIB Segment, average response in HNI segment and good response from retail segment, Allotment:-Investors applying for Rs. 2 lakh may be allotted 900/1000 shares

Rushil Dcor:- Allotment:- Investors applying for Rs. 2 lakh may be allotted 841 shares. Listing:- may get listed with premium price, Discovery Price:- fixed from its upper price of Rs. 72. Birla Pacific:-discovery price is fixed from its floor price of Rs. 10, it may get listed in discount
360 shares may get 112 shares and investors applying for less than 360 shares may get allotment of 90 shares through lottery system. Listing : It may get listed on July 7/8 at Rs. 75/80. Post listing the price may soar up to Rs. 85/90. Investors must book 50 % profit on very first day. Birla Pacific :- This IPO, having offer price of Rs. 10-11, was closed on June 23, 2011. Discovery Price : The company has fixed its discovery price from its floor price band of Rs. 10. Refund : Probably on July 4/5

ONGC may come with its FPO worth Rs. 11,500 crore during 4th week of July Indian Bank is planning to tap the market with its FPO of 4.6 crore shares. L & T Fin. would tap the market next month with its IPO worth Rs. 1750 crore
Ahmedabad based Asian Logistic has filed its DRHP with SEBI for its IPO of 30.61 lakh shares Vodafone and Micromax have decided ti enter in the market.
made very serious complaint against this company and sought to withhold its listing following which its listing was withheld but now this association itself has requested SEBI to get this company listed. Considering all these circumstances this

ma ar PriDilipry MShahket K.
Lead Manager Rating % Remark

IPO News : (Public Issues)


Sr Company Issue Open Dt. Issue Close Dt. Issue size (Rs. Cr.) Offer price (Rs.) Min. App. Rs. 1,00,00 Limit
Shares

Rs. 2,00,000 Listing Limit

1. Bharatiya Global

11-7-11 14-7-11

67,20,000 Eq. Shares (Rs. 55.10 Cr.)

Rs. 75 to 82 (Market Lot 75 Shares)

75 Shares 1200 (Rs.6150)

2400

Shares

BSE NSE

Next Week

Infomedia Ltd. (BGIL)

(Rs.98400)

(Rs. 196800)

market with its IPO of 30.61 lakh shares worth Rs. 26.6 crore for which it has filed its RHP with SEBI. The company may fix its offer price between Rs. 80-90. Flexituff :- The company is going to enter in the market with its IPO worth Rs. 100 crore during month of July as it is planning to expand its manufacturing units . Clearwater Capital holds 25 % stake in this company and it will sell off its 14 $ shares under Offer for Sale scheme. CRP Technology :- It is a company providing risk mitigation consultation and Human Resources solutions to its clients. It is planning to come with its IPO of 60 lakh shares.

Listing : It may get listed on July 13/14 at Rs. 105/110. Post listing the price may soar up to Rs. 120. Rushil Dcor :- The company has already made an announcement for this IPO having offer price of Rs. 63/72. Discovery Price : The company had fixed its discovery price from its upper price band of Rs. 72. Refund : Probably on July 4/5 Allotment :- Investors applying for 2700 shares worth Rs. 2 lakh may be allotted 841 shares and investors applying for 1350 shares worth Rs. 1 lakh may allotted 421 shares. Retail investors applying for

Allotment :- Investors from all categories would get firm and full allotment. Listing : It may get listed on July 7/8 at Rs. 9/10. Post listing the price may soar up to Rs. 10/11. Investors must not forget that post listing the price may plunge in to discount anytime. Vaswani Industries :- According to report from market the investigation regarding some complaints of irregularities in allotment process, conducted by market regulator SEBI, has been completed. It may be recalled the Investors association from Ahmedabad had

company may get listed this week. This IPO, having offer price of Rs. 49, may get listed around Rs. 52/55 and post listing the price may soar up to 60-65.

Grey Market IPO Premium


Co. Name Offer Price (Rs.) Vaswani Ind. 49 Rushil Decor 72 Birla Pacific 10 Readymade Steel 90 to 108 Bharatiya Global 75 to 82 Premium (Rs.) 3 to 5 2.50 to 3 Discount 3 to 4 --

Mercator Lines :- The company is planning to enter in the market with its IPO worth USD 150 million. It is intending to get its share listed with Singapore and London Stock Exchange.

An Announcement regarding new IPOs :- Numerous promoters and lead managers are in queue to enter in the market and they are waiting for some conducive atmosphere hence primary market may be flooded with ample of IPOs during months of July and August. Currently an announcement regarding only one IPO of Bhartiya Global Infomedia Ltd. (BGIL) has been made.

REVIEW OF SMART PLUS NEWS LETTER

Bhartiya Global Infomedia Ltd .:- This technology based company, incorporated in 1994, is engaged with business of technology based solutions, Radio Frequency Identification, Smart Card and post production studio. Currently the company bears 32 radio frequency identification solutions out of which 8 solutions have already been approved by government.

DRHP subNote: Dont subscribe for issue by just mitted with SEBI seeing premium Price as it may change Abhijit Power anytime before listing. Subscribe only :- This Nagpur considering Fundamental of the companies based power comduring fourth week of July. Indian Bank :- This public Sector bank is all set to come up with its FPO of 4.6 crore shares. Currently this banks is engaged in preparing the DRHP and it is believed that it would file its RHP with SEBI at the end of this month. pany has filed its DRHP with SEBI for its mega IPO worth Rs. 1375 crore Merryl Linch and Enam Securities are appointed as its lead managers. Trimax :- Trimax IT Infra and Services Company has filed its

AMAZING 16 % RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. 27th June Monday CMP 1st July Friday % Company Reccom. 27th June Monday CMP 1st July Friday
286 1822 227 182 1368 419 300 730 404 2964 184 177 401 320 60 660

%
4.4 4.8 3.2 7.6 6.7 6.9 7.5 8.6 3.3 3.6 13.6 14.2 3.1 14.3 15.5 2.6

Tata Steel 581 IDFC 125 Uco Bank 94 Praj Ind. 72 Adani Power 111 NTPC 182 Fortis HC 155 Claris 164.5 Cosmo Films 106 Vardhman 77.5 Chemplast 6.75 Atul Ltd. 182 Mount Everest 83.5 NB Venture 215 IFB Agro 74 Graphite 89

609 4.8 132 5.6 96 2.1 76 5.6 113 1.8 188 3.3 161 3.9 170 3.3 110 3.8 87 12.3 7.2 6.7 189 3.8 90 7.8 222 3.3 79 6.8 92 3.4

G.E. Shipping 274 L&T 1739 V-Guard 220 GEI Ind. 169.2 Oil India 1282 HPCL 392 Opto Circuit 279 Tech Mah. 672 Bharti Airtel 391 Infosys 2862 EROS Int. 162 Jain Irrigation 155 Coal India 389 Pantaloon 280 Prime Focus 51.95 Triton Valves 643.3

IPOs from Public Sector Unit:ONGC : This company was


supposed to enter in the market on July 5 but still its fate hangs in balance owing to some deadlock with Cairn India Ltd. Now it has been decided that the company would not file its RHP with SEBI till this deadlock resolved. In fact the government was desperate to tap the market for which it has appointed three independent directors at its board in order to clear the deck, now it seems this PSU may enters in the market

The other IPOs poised to tap the market:L & T Finance : The company,
waiting for the conducive atmosphere since last nine months, from L & T Group has finally decided to go ahead in direction of primary market with its IPO worth Rs. 1750 crore. It may tap the market within 1.5 months. Asian Logistic :- This Ahmedabad based logistic company, providing its services to Gujarat, Andhra Pradesh, Tamilnadu, is all set to enter in the

Least Expensive Stocks


Stocks Price (Rs.) Piramal HC 369.55 St. Charted PLC 94.05 Jindal Poly 342.75 Allied Digital 50.40 Geodesic 80.30 Bartronics 64.55 Vardhman Textile 236.85 Prakash Industries 69.25 Bharti Shipyard 134.80 Guj. State Fert. 354.60 Div. Yield% 0.48 1.06 2.67 2.71 3 3.08 3.21 3.49 3.62 3.77

only Subscribers will get SMART PLUS NEWS LETTER on their E-mail Address. Our Subscription Scheme Every 12 Month 2 Year A) Smart Investment Weekly (E-mail) Saturyda Rs. 1500/- 2500/(Gujarati Edition) + Free Package Smart Plus Letter Sunday Free Free B) Smart Investment Weekly (Email) Saturday Rs. 1200/- 2000/(English Edition) + Free Package Smart Plus Letter Sunday Free Free C) Only Smart Plus News Letter Sunday Rs. 800/- Rs. 1400/D) Smart Investment Weekly (Hard Copy By Post) Scheme (Every Monday) (Gujarati Edition) One Year-Rs. 1000, Two Year - Rs. 1800, Three Year - Rs. 2500

Buy Call
Apollo Tyre Sterlite Techno Shree Renuka Essar Port Welspun India Excel Info Mercator Line Liberty Shoes Deep Ind. PFC 79.00 53.00 68.00 98.00 43.00 25.00 40.00 102.00 79.00 181.00

Buy on every deep


INEOS ABS Zydus Wellness IRB Infra Cairn India ITC Marico Solar Ind. Motherson Sumi Hind. Netional Gl. CESC 621.00 641.00 174.00 325.00 201.00 155.00 634.00 222.00 206.0 310.00

Log on to..... www.smartinvestment.in

Financial Weekly

SMART
INVESTMENT

4th July 2011 to 10th July 2011

Bharatiya Global
How to apply for retailers ?
Shares 75 150 225 300 375 450 525 600 675 750 825 900 975 1050 1125 1200 Rupees 6150/12300/18450/24600/30750/36900/43050/49200/55350/61500/67650/73800/79950/86100/92250/98400/Shares 1275 1350 1425 1500 1575 1650 1725 1800 1875 1950 2025 2100 2175 2250 2325 2400 Rupees 104550/110700/116850/123000/129150/135300/141450/147600/153750/159900/166050/172200/178350/184500/190650/196800/-

Applied 90 180 270 360 450 540 630 720 810 900 990 1080 1170 1260 1350

Rushil Decor Basis of Allotment


Allot Ratio Applied Allot 90 14:52 1440 449 90 23:37 1530 477 90 52:67 1620 505 112 Firm 1710 533 140 Firm 1800 561 168 Firm 1890 589 196 Firm 1980 617 224 Firm 2070 645 252 Firm 2160 673 280 Firm 2250 701 308 Firm 2340 729 337 Firm 2430 757 365 Firm 2520 785 393 Firm 2610 813 421 Firm 2700 841 Ratio Firm Firm Firm Firm Firm Firm Firm Firm Firm Firm Firm Firm Firm Firm Firm

Solar Industries will be explosive as it forays coal mining ONGC gets momentum on positive development of Cairn-Vedanta deal Axis Bank : Strong balance sheet makes it a compelling buy Engineers India a safe bet at current price Emami shines as it eyes organic growth in healthcare segment
Solar Industries (Code 532725) : This company has got a
very good business model. Solar Industries is engaged into industrial explosive business. An industrial explosive business is required for the mining and the construction activities for explosive purpose.The company is strategically located very close to the mining activities, whether it is Africa or Indonesia. Solar is operating at a highest efficiency level into the explosive business. The operating margins and the growth in the business is around 2530%, this company offers good amount of opportunity to buy at current levels.The company is also into coal mining business. In the coal mining business one of its mine has already got the clearance from government of India and second mine is in the process of obtaining the clearance. So once these two mines are also starting to operate for the coal exploration or if its ends up selling these mines this is going to be huge bonanza of money which would come to the existing shareholders of Solar Industries. Since last one year, the stock has appreciated from Rs. 400 to Rs. 634 on Friday. Still, it has room for upward journey. Accumulate. ONGC (Code 500312) : After steep correction, ONGC finally got positive momentum on Friday as its earnings will get a boost if Cairn Energy and Vedanta Resources accept the conditions set by the government for the Cairn India deal.The Cabinet Committee on Economic Affairs (CCEA) on Thursday, 30 June 2011, granted conditional approval to Vedanta Resources' plan to buy British oil explorer Cairn Energy's Indian assets. CCEA approved the deal subject to the condition that Cairn India has to equally and retroactively share royalty payments with ONGC on crude-oil production from its main oilproducing block in Rajasthan.The government has also set a condition that Cairn India will have to withdraw its arbitration case related to tax payments on production from the Rajasthan block and get clearance from ONGC for the deal. In an another development, ONGC may reportedly file a draft prospectus for a follow-on public offer (FPO) with the stock markets regulator by 5 July 2011.It will have to give less subsidy to OMCs as the government has oil and gas and other infrastructure industries. The company's presence in the lucrative hydrocarbon industry spanning commissioning of refinery and petrochemical units, consultancy services for offshore and onshore oil and gas and laying of pipelines have provided it a market leadership in the local arena. The companys revenue has grown at a compounded annual rate of 55 per cent to Rs 2823 crore in FY-11, since EPC contracts saw a gradual increase in sales contribution over the last four years. Its order flows jumped by 166 per cent in FY-11, taking the order book to Rs 7,500 crore or 2.6 times sales in the latest ended fiscal. Engineers India has re-entered the fertiliser space, bagging a brown-field project and has also plans to tap in to opportunities in the nuclear and gas distribution space.The stock has bounced back from a recent low of Rs. 261 and has got momentum. Buy as the stock is very much safe at current level. Emami (Code 531162) : Emami, the Rs 1,200 crore company, is a promising business in the fast moving consumer goods (FMCG) industry. The flagship company of the Emami Group is growing steadily on account of its strong brands and presence in niche areas. Emami has over 30 brands under its portfolio. Its product portfolio includes Navratna Oil, Boroplus Antiseptic Cream, Fair and Handsome, Navratna Cool Talc, Sona Chandi Chyawanprash, Zandu Balm, Himani Fast Relief, Emami Healthy & Fair, Emami Malai Kesar Cold Cream, Lalima, Sardi Ja and Zandu Pancharishta.Strong branding, using celebrities, has enabled the company to command high brand recall of its products. It has a strategy of launching 2-3 products or brand extensions every year within the focus areas of ayurvedic healthcare, hair and skin care. The stock has appreciated by 10 per cent in last one month. Still there is better chance for this FMCG stock to move up as the whole sector looks promising at this point. Accumulate at every decline.

DRHP with SEBI for its mega IPO of 1,19,77,000 shares worth Rs. 300 crore. Kotak Mahindra, Religare and SBI Capital are appointed as its merchant bankers. PCH Retail :- This Hyderabad based power company has filed its DRHP with SEBI for its mega IPO of 1,68,27,000 shares. This diversify company is engaged with sales business of consumer durables, Elec-

27-6-11 28-6-11 29-6-11 QIB 0.00 0.00 0.03 HNI 0.00 0.42 1.37 Retail 0.14 0.92 4.18 Average 0.05 0.38 1.68

Readymade Steel IPO Subscribed

Smart Best Buy


S. N. Zaveri
hiked price of diesel, LPG and Kerosine after Petrol.So, the stock is now poised for big jump.Buy. Axis Bank (Code 532215) : Axis Bank is one of the strongest bank in private sector. The bank has been consistently giving better results with more than 30 per cent growth in almost every quar-

Abhijeet Power files DRHP


Abhijeet Power Limited has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of its equity shares of face value of Rs. 10 each for cash at a price to be decided through the book-building process and aggregating to Rs. 13,750 million.The promoters of the Company are Manoj Jayaswal, Abhijeet Mining Limited and Corporate Ispat Alloys Limited. The GCBRLMs to the Issue are DSP Merrill Lynch Limited (BoFA Merrill Lynch) and Enam Securities Private Limited. he BRLMs to the Issue are Axis Bank Limited, IDFC Capital Limited, SBI Capital Markets Limited and UBS Securities India Private Limited.

Co. Name CMP (`) `) Solar Industries 634.00 ONGC 276.00 Axis Bank 1310.00 Engineers India 278.00 EMAMI 493.00
ter since 3 years. Its balance sheet is very much strong in the industry. The stock has been on strong recovery path after it made 52-week low of Rs. 1149 on 9th February. The stock has jumped by more than 10 per cent in last one month. The bank's trailing 12-month (TTM) EPS was at Rs 82.46 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 15.82. The latest book value of the bank is Rs 462.37 per share. At current value, the price-to-book value of the company was 2.82. The dividend yield of the company was 1.07%. As the banking sector has lead the overall recovery in the market in recent days which has made everyone surprise, the stock is already in momentum. Grab it for short to medium term.

tronic appliances and mobile phone through multi brand outlets. Vodafone :This telecom company was waiting to tap Indian capital market since last five years and still it could not make it through thanks to recently exposed 2G scam and tax controversy. This British

Time

Number of Draft Prospectuses filed with Sebi

Firms Planning IPOs


Co. Name Estimated IPO ($ M) Sahara Prime City 600 Lodha Dev. 600 Embassy Property 515 Lavasa Corp. 450 Emaar MGF 360 BPTP 325 Ambiance 235 Kalpatru 225 Rajehja Universal 190

Apirl-June 09 July-Sept. 09 Oct-Dec.09 Jan-March 10 April-June 10 July Sept. 10 Oct-Dec.11 April June 11

No. of DRHP 13 47 39 46 20 66 44 16

telecom company has once again deferred its plan to tap the market. Micromax : This Goorgoan based company, engaged with production of telephone handsets, has too deferred its plan to tap the market. In fact it was supposed to come up with its IPO worth Rs. 468 crore. ***

Return on Bullion
6 Month % Gold 7.51 Silver 17.31 1 Yr.% 18.91 77.71

Engineers India (Code 532178) Co. is a play on the technology and engineering segments in the

Gujarat Gas (Rs. 393.00) (Code : 523477) : Gujarat Gas Company Ltd
holds the distinction of being Indias largest private sector player in the natural gas transmission and distribution business. Incorporated in 1980, with the primary objective to procure, distribute and utilize natural gas and allied technology, GGCL pioneered the concept of combined natural gas distribution to the industrial, commercial and domestic customers.Gujarat Gas Co. Ltd has reported profit of Rs 72.36 crore for the quarter ended on March 31, 2011 as against Rs 62.48 crore in the same quarter last year, an increase of 15.81%. It has reported net sales of Rs 528.77 crore for the quarter ended on March 31, 2011 as against Rs 409.33 crore in the same quarter last year, a rise of 29.18%. At the current market price of Rs.372.00, the stock is trading at 16.59 x CY11E and 14.74 x CY12E respectively. The stock is good bet for long term investors. Buy.

Market Tips
results. Promoters, the parent company, are holding 62.76 per cent stocks. FIIs and DIIs are holding 19 per cent shares. So, the public is having less than 20 per cent stake. The stock has run a sharp rally. Buy at decline. narrow in the coming days, in line with the historical trend. And, it is essentially because of the rise in ordinary share prices. According to Prabhudas Liladhars estimate the base case target price for ordinary Tata Motors shares stands at Rs.1,163 a share. Assuming a 42 per cent discount, the derived target price for the Tata Motors DVR stands at Rs.675, an upside potential of 26.8 per cent. Currently, the DVR is trading at Rs.541. In terms of valuations too, the company is expected to report a consolidated earning per share (EPS) of Rs.142-146 in financial year 2012. Taking these estimates, the DVR is valued 3.5 times its FY12 estimated earnings, which is reasonable considering that ordinary shares at Rs.983 a share are now trading at seven times. So, compared to ordinary shares, the DVR valuations are half. With the discount at historical lows, it is a good signal and should act as a support for the stock.

VIP Ind. Stocks


Jumped 200 % in the Past One Year

Most Expensive Stocks


Stocks Price (Rs.) MMTC 971.0 Prraneta Ind. 64.15 Indiabulls Power 19.95 Jet Airways 448.75 Sunteck Realty 303.40 Adani Enterprise 678.70 GMR Infra 32.95 Den Networks 97.0 Punj Lloyd 69.60 JM Financial 24.45 Div. Yield% 861.04 498.79 417.61 399.92 316.82 291.40 217.83 194.13 186.85 182.54

Top 5 SPIs
Scheme Return Annual % Reliance Growth 32.29 Magnum Contra 29.77 HDFC Equity 29.69 HDFC TOP 200 29.35 DSPBR Equity 28.76

Tata Motors DVR (Rs. 541.00) (Code : 570001) : The gap between
the Tata Motors share prices and its different voting rights (DVR) shares widened to historical levels last week. The Tata Motors DVR closed at a 46 per cent discount to the company's share price at `983.2 a share. With the widening gap, the DVR shareholders, who are entitled to a 5 per cent extra dividend from normal shareholders, will now get better returns in the form of dividend yield. On average, the DVR price of Tata Motors has traded at about 32 per cent 1,400 basis points lower, compared to the current discount of 46 per cent. Analysts believe the gap will

Nestle India (Rs. 4300.00) (Code : 500790) : One of the country's

Hold
BHEL 2050.00 HUL 336.00 Jet Air. 474.00 Coromandal Inter. 345.00 EMAMI 493.00 Tata Motors DVR 541.00 ONGC 270.00 Axis Bank 1310.00 Aventis Pharma 2037.0 Engg. India 279.00

Sell Sell Stcosk


Maruti 1133.00 Welspun Projects 67.00 Strides Arcolab 335.00 Timbor Home 62.00 Mahaveer Infoway 27.00 Surana Corp. 90.00 Gallant Ispat 90.00 Asian Hotels 308.00 Vikas Metal 12.00

largest FMCG marketers, Nestle India, a 52 year old Indian subsidiary of the Swiss conglomerate (the parent holds 63% of the outstanding equity) continues to belt out the high notes, showing no signs of any slack whatsoever. Even the stock is on fire since last couple of months. The stock was at just Rs. 2700 in last August. On Friday, Nestle made new high of Rs. 4352 and finally closed Rs. 4300 with more than 200 rupees jump in single day. It will go into expanding facilities at its factories at Goa, Punjab, Karnataka and such like. Besides, a new green-field plant at Himachal Pradesh for the manufacture of Maggi products is being initiated. The Maggi brand has finally begun to yield

Investment stocks

- Nayan Patel
098795 26525, yahoo ID : rupeegains

Elecon Engineering (Last close: 68.95)


Company has shown 32.86% jump in 2010-11 result. It has recorded EPS of Rs.9.47 on yearly basis. Current level the stock is trading at P/E ratio of just 7.3. Daily chart is indicating something is cooking in this stock. Chart looks explosive. Buy in panic considering 66.65 as strong support, keeping stop loss of 64. On the upper side, the stock will zoom up to 72 level, cross over with volume will take it to 78-88-100 levels in coming days

GTL (Last close: 97.20)


After unexpected panic, now this stock is fundamentally looking good at current level. Chart is also looks highly oversold and one dead cat bounce back expected in this stock. Buy on dips keeping stop loss of 88. On the upper side above 99.50, the stock will zoom up to 108-116.50 levels in short term only...

Financial Weekly

4th July to 10th July 2011


needs to consider the correction of the immediate rise Stocks Recomm. Target Reached Lot Profit from Sensex Buy IOC 336 358 358 500 11000 17314 to 19031 NTPC 182 187 189 1000 7000 and Nifty 5195 to Buy 5705. Correction Buy Indusind 266 274 279 1000 13000 levels will be Buy Adani 691 729 731 500 20000 18375-18172Buy Kotak 447 471 484 500 18500 17970 for the Sensex and 5510Total : 69500 5450-5390 for the Nifty. The short term trend was already bullish as the market was well above the 20dma (Sensex 18216 and Nifty 5468) and this week it managed a close above the 50dma (Sensex 18399 and Nifty 5519) and as a result the medium term trend turned bullish. But the market is still below the long term average of 200dma (Sensex given a Buy signal. MACD and ROC 19154 and Nifty 5748). As a result, are both positive and continue with their the short term trend and the medium Buy mode. RSI is also in Buy mode term trends are bullish but the long and is at 61. Money Flow (66) has given term trend continues to remain down. a Buy, signaling that money is flowing On the daily charts the Bearish in the market. OBV too has crossed a H&S failed when the indices closed previous top and has signaled a Buy. above the top of right shoulder last Stochastic oscillator has given a Sell week. On the weekly charts the Bearsignal in the overbought territory as %K ish H&S will get completed when the has cut %D from above. The Directional neckline which is actually a support Indicators are in Buy mode and are trendline (Sensex 18000 and Nifty moving away from each other suggest5384) is breached on a weekly closing ing bullishness. basis. Till then the neckline will conNifty O.I. PCR is at 1.30. Highest tinue to provide strong support to the Open Interest build-up in the July seindices. ries is seen at 5400 Put and 5800 Call. If we consider the entire fall from It suggests a range for the Nifty be21108 to 17295 for the Sensex and tween 5400 on the lower side to 5800 6338 to 5177 for the Nifty then the on the higher side. correction levels will be 18751-19202The Trendline Resistance for the 19651 for the Sensex and 5621-5758Sensex is at 19018. The Trendline 5895 for the Nifty. There is a strong Support is at 17936. resistance zone formed by the converThe Trendline Resistance for the gence of Trendline resistance, 200dma Nifty is at 5720. The Trendline Support and 50% retracement of the entire fall. is at 5373. For the week ahead, Sensex Thus Sensex 19018-19202 and Nifty will find Support at 18452-18120-17786 5720-5758 forms a strong Resistance and will find Resistance at 19074Zone. This zone defines the long term 19342-19633. For the week ahead, outlook for the market and a close Nifty will find Support at 5539-5443above this zone will confirm a trend re5348 and will find Resistance at 5721versal in the long term. 5824-5926. Majority of the oscillators have

SMART
INVESTMENT

Market Scan (Continued from page 1)


a low of 18132 and closed the week at 18762. The Sensex gained a whopping 522 points on a weekly basis. Similarly Nifty opened the week at 5441, made a high of 5705, a low of 5434 and closed the week at 5627. The Nifty too closed with a strong weekly gain of 156 points. In the current rally both Sensex and Nifty have left behind two Rising gaps. The first gap between Sensex 17754 17804 and Nifty 5330 - 5343 marked the beginning of the rally, and hence it was a Breakaway gap. The second gap between Sensex 18527 18552 and Nifty 5558-5566 can be termed as a Measuring gap. According to this Measuring gap, the target for the current rally falls at Sensex 19765 and Nifty 5929. After a bullish reversal pattern called Bullish Harami pattern got completed last week on the weekly charts, this week saw a show of strength as both the indices registered an Opening White Body Marubuzo. On the daily charts there is a minor short term bearish reversal seen due to the formation of Bearish Belt Hold formation on the Nifty. Bearish Belt Hold is a formation of Bearish Opening Black body Marubuzo on the daily charts after a gap up opening. On the Sensex, there is a big black body formation but it has a slight upper shadow and hence cannot be passed of as a Bearish Belt Hold. The formation however is bearish and will have similar implications as that in the Nifty. One must note that the formation cannot be termed as Dark Cloud Cover because the previous days body is not as big as the second days body. Candlestick analysis suggests a short term bearish trend reversal on the daily charts but the higher time frame i.e. the weekly formations suggests continuation of the bullish trend. After a strong upward move, the candle stick pattern suggests a short term bearish reversal and hence one

Last Weeks Recommondation

Buy of the week


Diamond Power

(Continued from page 1)

(BSE Code : 522163) (Rs. 162.00)

Company's 50000 Tpa transmission tower plant has started commercial production. However, it dont have external orders and currently doing jobwork for captive orders. Its EHV cable plant has been commissioned just 2 weeks back. Manufacturing EHV cables upto 500KV cables has high level of technological sophistication and DPIL is 2011-12 (E) 1st company in India and 7th in the World to set up (Rs. Cr.) plant for same. Company will be required to take Net Sales 1800.0 approvals from various technical agencies for EBITDA 240.0 400KV and above cables which can take few Net Profit 140.0 months, Hence, in the meantime, DPIL plans to 37.60 run operations for making 150-200KV Cables in EPS (Rs.) this plant. DPIL is likely to report Eps of Rs 37.60 for FY12 and scrip is trading at 4.28xFY12E Eps. Scrip's 42 week high was Rs 262/ and scrip has very low risk from current levels. Investors can buy DPIL now as scrip has potential to touch Rs 250/ in less than 12 months.

Future Outlook

Stock Wave (Continued from page 1)


IDBI Bank (Rs. 135.25) :- This
stock is also on its upward journey from its bottom level of 122. Market indicates overbought position on daily basis, neutral position on weekly basis and oversold position on monthly basis. On down side below 133 it may be supported at 130 and on north side it may touch the higher level of 145 if it jumps over 139. Canara Bank (Rs. 527.30) :This stock is also on its upward journey from its bottom level of 501. Market indicates neutral position on daily basis, oversold position on weekly and monthly basis. On down side it may be supported at 517 and on north side beyond 538 it may touch the higher level of 542 to 550.

Different Strokes
(Continued from page 8)
Millenuim Beer (Rs. 32.00) :Scrip is grossly overpriced considering that it reported Loss of 7 cr in equity of 5.48 cr in FY11. SELL. Dont get carried away by glamour of liquor industry

Som Distilleries (Rs. 188.00) :- On equity of 27.52 crores,


Pat for FY11 was 15 cr. Fundamentally scrip is overpriced as company is in business of ENA In last few months, huge hype has been created about Domestic Appliance industry leading to mind-blowing valuations for companies in this segment. Yes, domestic appliance industry is doing well but does it deserve such high valuations? TTK Prestige has been trading at PE Ratio of 34. Hawkins Cooker has been trading at PE Ratio of 27 and scrip being pushed up by operators that company will be acquired @ Rs 2500/ Share price of these companies have risen too much and too fast in last few months Exercise caution. Fertilizer industry is expected to perform better in current year. Investors are advised to buy turnaround scrip SPIC (Southern Petrochemicals) as promoters have hiked their stake and sold off non-core biz to retire debt etc. Its Urea plantis operating well. Scrip may give multibagger appreciation in 2-3 years. Other scrips worth buying fertilizer industry are GNFC and GSFC.

Tech Mahindra (Rs. 717.50)


:- This stock is also heading upward from its bottom level of 658.05. Market indicates overbought position on daily and weekly basis and neutral position on monthly basis. On upward side the mark of 760 would be most crucial resistance and on down side it may get some support at 690. DCHL (Rs. 70.90) :- This stock is too heading northward from its bottom level of 54.55. Market indicates overbought position on daily basis, neutral position on weekly basis and oversold position on monthly basis. On down side it may be supported at 65 and on upward side beyond 71 it can touch the top level of 78.

Experts Eye
(Continued from page 8)
On Wednesday too markets opened on a high note and continued to gain. Thus hat trick of gains marked for the week. BSE Sensex closed at 18693.86 with a rise of 201.41 points and NSE Nifty ended the day at 5600.45 with a score of 55.15 points. Amicable solution for Greece issue boosted European markets that helped Asian markets to stage recovery. FIIs turning net buyers for last five sessions helped indices to remain in green zone. While Nifty rose to last 8 weeks high, Sensex marked last six and half weeks high. SBI lead banking counters rally and got support from power sector counters like BGR Energy, Thermax etc. Sugar counters surged with the positive reports on export front. Re-run of last two sessions was continued on Thursday as well and thus despite expiry of derivatives, green pasture maintained for the week so far and after long six days green pasture was marked in a stretch. Austerity deal approval for solving Greece crisis welcomed by global markets. Eased food inflation at 7.78% supported the sentiment. BSE Sensex ended the day at 18845.87 with a gain of 152.01 points and NSE Nifty closed at 5647.40 with a rise of 46.95 points. RIL gained Rs.

12 on short covering. It got support from Kotak bank, HUL< Reliance Capital. Jaiprakash group counters were in limelight. Bankex gained 78 points. Select fertilizer counters turned positive on decontrol of DAP reports. On Friday too markets opened higher following firm global cues. However, post noon profit booking at higher levels that were the strong resistance levels on upper side forced our markets to close in red for the last session of the week. BSE Sensex closed with a loss of 83.07 points at 18762.80 and NSE Nifty ended the day with a deficit of 20.20 at 5627.20. Thus both the benchmarks closed above sentimental level of 18.7K and 5.6K respectively. RIL, HUL and Bharti Airtel dragged the market lower. Realty and IT counters lead the early morning gains. Auto and Cement sector posted strong monthly data and advanced on renewed buying. Confidence Trading has convened a board meet on 05.07.2011 to consider bonus issue Scrip Watch :- I recommend following scrip that is worth considering for medium to long term rewards at every decline.

against net profit of Rs. 289.10 crore on a turnover of Rs. 2051.20 crore. Following improved performance the company has announced higher dividend of 175% against 150% paid for the previous year which included 50% special golden jubilee dividend. As the equity capital of Rs. 50.50 crore is supported by free reserve of Rs. 1088.90 crore, bonus in near term is not ruled out. The scrip is worth accumulating at every declined level for medium to long term rewards. Currently it hovers around Rs. 169.25 against 52 week high/low of Rs. 175/123, FV Rre.1.

Terrific Shots
(Continued from page 8)
As per random estimate DTH industry add 2.5 million subscriber each year out of which Dish TV could succeed to fetch 1 million subscriber during last year indicating 1/3 market share.

Smart Tips
(Continued from page 8)
Arvind (Rs. 82.00) (Code: 500101) :- This Ahmedabad based
textile company, belong to Sanjay Lalbhai Group, is poised to expand its horizon globally by setting up overseas manufacturing units during next four years for which it is going to invest Rs. 1000 crore beside it is planning to increase its retail stores up to 250 from existing 10 stores. It has chalked out CAPEX plan worth Rs. 300 cror for the FY 2012. The management of the company is optimistic for turnover worth Rs. 8000 crore till 2014-15. It has entered in to agreement with Bangladesh based Nitol Group to set up joint venture in order to start denim unit over there. Moreove the company has recently forayed in to real estate sector and it has tied up with SAFAL group beside it has entered in to joint venture agreement with Tata housing in order to develop its surplus land bank. The company is going to set up residential project on this land for which it is going to mobilize huge fund of Rs. 300 crore very soon. Disclaimer :- Investment recommendations made in Smart Investment are for information purposes only and derived from source that are deemed to be reliable but their accuracy and completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any liability for the use of this column for the buying or selling of securities. Readers of this column who buy or sell securities based on the information in this column are soley responsible for their actions. The author, his company or his acquaintance may / may not have positions in the scrips featured herein

Empire Ind (BSE Code 509525) :- Empire Ind has posted a


net profit of Rs. 27.90 crore on a turnover of Rs. 214.54 crore for the year ended 31.3.2011 against a net profit of Rs. 25.80 crore on a turnover of Rs. 190.27 crore for the corresponding previous period. It has announced 220% dividend against 200% paid for the year ago period. As the equity capital of Rs. 6.00 crore is supported by free reserves of Rs. 57 crore plus, bonus in near term is not ruled out. It is worth adding in ones portfolio at every decline on cumdividend/cum-bonus basis. Scrip is quoting around Rs. 797.00 against 52 week high/low of Rs. 1010/539, FV Rs. 10.

Aptech (Rs. 94.00) (Code: 532475) :- The company, providing


educational services and solutions, has recently yielded Rs. 50.30 crore toward dividend from its china based subsidiary indicating 50 % other income than its total turnover worth Rs. 94 crore posted for the FY 2010-11. The stock of the company is currently quoted in 50 % discount than its 52 weeks highest price. Investors must grab this share for short term gain.

Pidilite (BSE Code 500331)


:- Pidilite Ind has posted net profit of Rs. 303.90 crore on a turnover of Rs. 2530.20 crore for the fiscal 2010-11

Hatsun Agro (BSE Code 531531) :- Hatsun Agro posted a net


profit of Rs. 18.75 crore on a turnover of Rs. 1355.72 crore for the fiscal ending 31.3.2011 against a net profit of Rs. 2.69 crore on a turnover of Rs. 1140.60 crore for the corresponding previous period. As the equity capital of Rs. 7.18 crore is supported by free reserves of Rs. 85.61 crore plus, it is a multibagger as well. The company is being chased by investment brokers and bulls alike as it is on a fast forward mode now and poised for a bright prospects. It is worth considering for medium term rewards at every decline. Scrip is moving around Rs 182.00, against 52 week high/low of Rs. 251/ 78, FV Rs.2. [Disclaimer: The author has no short or long position in any scrip mentioned here above] (email: dilip_davda@rediffmail.com)

Hanung Toys (Rs. 152.00) (Code: 532770) :- Both BSE and


NSE had witnessed the significant increase in its volume during last two weeks. The volume at NSE had increased to 2.7 million share indicating 4 times more than average volume. It has been heard from the street that the company had chalked out a GDR plan worth Rs. 720 crore for its CAPEX plan but it was compelled to withdraw this plan thanks to lower price of the share than floor price of its GDR issue. The price may go up following this development.

NSE : Nifty Open 27-Jun-11 5441.2 28-Jun-11 5548.85 29-Jun-11 5566.5 30-Jun-11 5614.5 01-Jul-11 5705.75 BSE : Sensex
27-6-11 28-6-11 29-6-11 30-6-11 1-7-11

Weekly Indices Moves

Open

High Low Close Diff 5552.65 5434.25 5526.6 55.35 5558.3 5496.35 5545.3 18.7 5608.65 5566.5 5600.45 55.15 5657.9 5606.1 5647.4 46.95 5705.8 5609.75 5627.2 -20.2 Net Weekly Gain : 155.95 High Low Close Diff
18,412.41 18,492.45 18,693.86 18,845.87 18,762.80 171.73 80.04 201.41 152.01 -83.07 18,323.44 18,552.19 18,723.14 18,713.07

18,132.70 18,493.59 18,552.19 18,741.10 18,974.96

18,494.11 18,132.70 18,527.45 18,715.39 18,873.39 19,031.38

Thiru-Arooram (Rs. 98.00) (Code: 507450) :- This South India


based company is engaged with production of sugar. Some chartists are of the strong opinion that this share has already been bottom out and will move upward very soon. Investors must grab this opportunity.

Net Weekly Gain : 522.12

Financial Weekly

SMART
INVESTMENT

4th July to 10th July 2011

Dalal Street

rs hispe W

Apollo Tyres (79.00) (Code: 500877) :- The declined price of rubber would help company many fold as prior to this it could achieved significant growth in its top line but failed to achieve any growth in its bottom line thanks to increased input cost. The export order book is also growing significantly.

Apollo Tyres : Stock would be in limelight following decline in rubber price ; Excel Info : It is seriously planning for QIB issue Welspun India : Apollo Global, the leading PE company is planning to invest Rs. 2250 crore for this company B.S. Trans : Strong possibility for excellent Q4-result; Mercator lines : It s planning to raise USD 150 million till FY 2012 BATA India : Adidas is planning to acquire ; CESE : It has become most favorite for market operators and traders Liberty Shoes : The market may witness some fancy following new development ; Tech Mah. : Bullish trend for this stock NIIT : The company has launched new educational module in collaboration with ICICI Bank Mothersn Sumi : It would dominate global market following takeover of VISIO Corp.
mentals are very poor.

B.S.Trans (Rs. 139.00) (Code: 533276) :- It has been heard


from the street that the company is going to deliver excellent result for the Q4FY2011. The price may soar up following this possibility.

Welspun India (Rs. 43.00) (Code: 514162) :- Apollo Global, the


leading PE firm and focusing on investment in metal sector, is planning to invest Rs. 2240 crore in this company based in Mumbai. The price may be fuelled up following this development.

share during last week following speculation that Finance Minister is going to slash 20 % custom duty on import of rubber. Investors must hold on this share.

NIIT (Rs. 55.00) (Code: 500304) :- The company, in collaboration with ICICI bank, has very recently launched new educational module for the bank probationary officer and clerical cadre. The coaching business of this company would definitely grow heaps and bound following this development.

VISIO corporation in order to dominate 26 % global market share in rear view mirror market. The ROE and the net profit of the company are growing with 25 % and 34 % CAGR respectively. Investors must accumulate this stock at every dip.

500084) :- Considering its power business volume it seems the company may achieve 6 % growth during the years to come. The growth plan of the company would definitely get through successfully as the company is currently generating huge chunk of capital hence this stock has been favorite for some market operators and players.

Mercator Lines (Rs. 40.00) (Code: 526235) :- The company is


planning to raise USD 150 million till January 2012. The demand from shipping and coal sector has been increasingly growing that may create positive impact for this company.

BATA India (Rs. 610.00) (Code: 500043) :- It has been heard


from the street that the multinational foot wear giant Addidas is going to acquire some remarkable equity stake of this company. Of course the official of BATA has out rightly denied this report. The price may still move up next week.

Tech Mahindra (Rs. 717.00) (Code: 532755) :- Some technical


analysts are very much bullish for this share since they are of the strong opinion that the share has already bottom out at level of 708 beside it has entered on consolidation phase of 200 days moving range.

Excel Info (Rs. 25.00) (Code: 533090) :- The company is


planning to tap the market via QIB route. The price may move up following this development but investors must exist from this share is its funda-

Liberty Shoes (Rs. 102.00) (Code: 526596) :- Market had witnessed significant movement in this

Motherson Sumi (Rs. 222.00) (Code: 5173334) :- The


company has taken over the control of

CESC (Rs. 294.00) (Code:

Chart Buster (Continued from page 1)


bullish trend as the input costs of the corporates have seemingly go ne up because of rampant inflation rate and stiff rises in commodity prices and also sustainingly higher interest rates during the period under revive. Besides the higher input and operating costs, the automobile sales in the month of May have declined signifcantly. For any growing economy, the growth in auto-sales is the most important barometer for judging the economic growth as this is directly linked to the well-being of the population whereas the GDP and IIP numbers are just statistical jugglaries that common people are least concerned with. Therefore, the uptrend that has set in the markets due mainly to FII buying might not last for long and the markets could once again start inching down if rains this monsoon remain scanty as predicted by the concerned department. The investors are, therefore, suggested to tread highly cautiously while making fresh investment decisions.

INEOS ABS : Strong possibility of its delisting from Indian bourses ; Zyduss Well. : Announce some positive development Orchid Chem : It will trigger its target of Rs. 282 very soon ; Maruti : The impact of labour stike would be reflected in June quarter Reliance Capital : The company is going to announce some positive development ; Adani Enter. : It is best buy share at every dip Kotak Bank : strong possibility of some corporate development ; RIL : It may be in limelight following its hefty advance tax amount Mind Tree : the price may soar up following huge block deal last week ; Wockardt : Its generic drug got nod from US government
INEOS ABS (Rs. 621.00) (Code: 506222) :- Market has been
witnessing significant increase in its volume along with price since last couple of weeks following speculation that the company is going to delist itself from indicant bourses very soon. The price may still move up.

rn High Retu

High Risk

announce some positive news.

Adani Enterprise (Rs. 701.00) (Code: 512599) :- The


company is all set to avail the maximum benefit from recent price hike of petro products and also it is believed that it may also announce some price hike for CNG very soon. The next quarter would be fantastic following this development.

Mukand Ltd :- Mukand Ltd. is a leading special steel manufacturing company whose weekly chart as published herewith suggests that its stock had scaled to a new high of Rs 154.80 in January, 2008, when the stock markets reached their unprecedented peaks. From January, 2008, the markets turned extremely bearish and so did this scrip. It fell to a post-boom bottom of Rs 17.75 in March, MUKAND-Wkly.09/11/07-01/07/11 B-500460 TREND Price E M A(12) E M A(48) E M A(100) 2009, and then rallied to a high of Rs 86.85 by F 01/07/11 riding160 O 41.50 general uptrend. However, the comover the 154.80 H 47.90 pany 140 L 40.50 fundamentally weak, the rallying mood being C 46.35 1799 came120 V and end and the share once again astoE 45.36 E 52.44 100 E declining trend that gradually pushed it sumed a 55.56 P 46.35 86.85 down 80 a low of Rs 40.05 in the week before the to 60 last. In the last week, the share joined the general uptrend and scaled to a high 40.05 of Rs4047.90 before closing at Rs 46.35 indicating a possibility of a further 20 17.75 uptrend provided the market, in general, remains bullish in the days to come. On 0 07 08A J O 09A J O 10A J O 11A J the basis of such a positive trend that the share has diplayes in the last week, it is recommended for buying for medium-term investing. Bengal & Assam Tea Co :- Basically tea growing Bengal & Assam Tea is comparatively a company whose shares do not enjoy fair liquidity on the BENGLA& ASM-Dly .16/09/10-01/07/11 B-533095 TREND stock bourses and therefore, do not appear as Price E M A(12) E M A(48) E M A(100) F 01/07/11 buy recommendations in the lists of brokerage 460 454.00 O 244.00 440 H 260.00 houses and stock market investment advisors. 420 L 243.90 C 254.20 They still move up and down and fluctuate bothways 406.40 400 V 28.63 384.80 380 E 240.81 in line with the general market trends and provide 363.00 360 E 240.97 E 249.19 money-making opportunities at times. The stock 340 320 of this company had scaled to a high of Rs 454 in 300 279.00278.40 280 September, 2010, when the markets were in 268.70 260 ebulient mood. The uptrend in the markets, how240 226.05 220 214.90 218.30 ever, did not last long and they started to going 200 10 N D 11 F M A M J J down and along with them, the share of Bengal & Assam also started receding down and reached a low of Rs 214.90 in March, 2011, which later on proved to be the final bottom when two more and successively higher bottoms at Rs 218.30 and Rs 226.05, respectively, were established . Generally, such tripple bottom formation is considered as a bullish sign and the share has performed accordingly. After having established third bottom at Rs 226.05 about five days ago, it attracted buying and rose to a high of Rs 260.00 before closing the week as well as the last day of trading at Rs 254.20 and thereby surfaced up above all the three moving averages which is a confirmation of a bullish trend in the offing. The share is, therefore, recommended for buying for short-term gains to medium-term investing. Deccan Gold :- A weekly chart as published herewith of Deccan Gold
suggests that its stock had scaled to an all-time new peak of Rs 142.90 in early 2008 when the markets, in general, were passing DECCAN GOLD-Wkly.12/10/07-01/07/11 B-512068 TREND Price E M A(12) E M A(48) E M A(100) F 01/07/11 through an unprecedented boom. When the boom O 16.80 140 in the stock markets burst, the share of Deccan 142.90 H 21.30 L 16.55 120 C 21.30 Gold plunged to a mere Rs 12.70 level. The genV 100.84 100 E 19.42 eral markets bottomed out in October, 2008, when E 21.53 E 23.45 the share reached its post-boom bottom of Rs 12.70, 80 P 21.30 took the share price up to a high of Rs 44.35 when 60 44.35 they staged a technical rally after bottoming out. 40 26.50 After having scaled to that intermediate high of Rs 20 16.40 15.35 12.70 44.35, the share separated its way from the gen-0 eral markets and resorted to a steady downtrend 0708A J O 09A J O 10 M A N11 M which took it down to a low of Rs 15.75 in December, 2010. After rallying up to Rs 26.50 very briefly, the share once again faced selling pressure and declined to a low of Rs 16.40 and a third and successively higher bottom was thus established. The tripple bottom formation with the general uptrend helped the share to rise upto a high of Rs 21.30 in the last week which an upper price circuit. The upper price circuit suggests that many prospective buyers were still wanting to buy but could not, because of the circuit and therefore, they may come forward for buying this scrip in the days to come and thereby lift the price further up. The share is therefore, recommended for buying for speculative or short-term gains which generally are tagged with higher risks too.

Zydus Wellness (Rs. 641.00) (Code: 531335) :- some well known


investors of the company are making long term position since last many sessions indicating something is cooking in the kitchen. They are expecting some precious gift from company very soon.

sult for June quarter as there is strong possibility for its poor sales figure. Market may witness temporary correction following this development.

Shares

Reliance Capital (Rs. 581.00) (Code: 500111) :- Some


market operators and players are of the opinion that the company is going to announce some positive development very soon. They are making short term position for the target price of Rs. 600 with SL of 570.

Mind Tree (Rs. 378.00) (Code: 532819) :- The market had


witnessed a huge block deal at Rs. 428 last week. It has been heard that former bigwig of the company had sold off his remarkable equity in order to exit from the company.

Orchid Chem (Rs. 269.00) (Code: 524372) :- The current market price is very much attractive for short term hence investors must take entry for the target price of Rs. 282 with stop loss of 267.

RIL (Rs. 862.00) (Code: 500325) :- The company had paid off
Rs. 900 crore toward advance tax indicating 38.46 % rise compared to last years pay off for the same period. The price may jump off the level of Rs. 925 very soon following this development.

Maruti (Rs. 1133.00) (Code: 532500) :- The negative impact of its


labor strike would be reflected in its re-

Kotak Bank (Rs.473.00) (Code: 500247) :- The current market price is most attractive for this banking share as it has been heard from the street that the company is going to

Monsoon news will lead the market ; Result season starts next week : HDFC to announce on Friday FIIs bought equities worth Rs. 6200 crore in 7 days ; Many FMCG stocks at 52-week high, still rally Harshad : Market was on fire. Sensex Inflation will spoil the party later 600 per :tonne. Watch out Chambal Ketan Ya. jumped 522 points despite a fall of 83
points on Friday. Ketan : Ya. so called experts created fear that Nifty will fall to 4700-4800 level and the bulls again proved them wrong. Nifty crossed even 5700 level intraday on Friday and finally closed at 5627. Bhansali : It was all possible due to FIIs. They are net buyers for 7 consecutive days. Harshad :Ya. FIIs bought shares worth Rs. 6200 crore in last 7 sessions. Ketan : DIIs were net sellers to the tune of Rs. 3000 crore during these 7 days. Bhansali : FIIs bought shares worth Rs. 600 crore on Friday. Harshad : Banking, Metal and FMCG sector pushed the rally. Ketan : SBI jumped 6%. Other banking stocks also pushed up by 2 to 4 per cent. Bhansali : In the metal space, Hindalco was up8%, Sterlite 6% and Tisco was up 4%. Harshad : In FMCG sector, many stocks seen at 52 week high and some stocks like Nestle jumped to all time high. HUL was up 4%, ITC 3.5%. Ketan : Nestle had huge rally of Rs. 200 on Friday. Bhansali : There was some buying and more short covering in these stocks. Harshad :Market ignored the steep price hike in LPG, diesel, Kerosine. Ketan : Ya. The bulls took it as the government pushed economic reforms and the things will go positive in the long run. Bhansali : But it is very much clear that inflation will spoil the party in the Dalal Street anytime before Diwali. Harshad : Mr. PM has finally spoken. It is a breaking news. The market also taken cue from his meeting with five editors. Ketan : But when Manmohan Singh speaks, it create controversy or confusion. After steep price hike in petroleum products, he says he is confident. He says that the inflation will come down to 6.5 per cent. Earlier His own Economic Advisory Committee had warned that the hike in petro products Fertiliser, Coromendal Internation, NFL, RFL, etc. Bhansali : When there is much talk about pledged shares, some companies like TCS, Tata Motors, Adani Enterprise, Ipca, Crompton Greaves, etc have revoked their pledged shares in huge quantity. These stocks may gain. Harshad : PSL has got order worth Rs. 231 crore from NTPC. Ketan : HCC-Alstom JV has got order worth Rs.1843 crore from Uttrakhand government for Tehri dam. Bhansali : Punj Lloyd has obtained Rs. 826 crore offshore order from GSPC. Harshad : What about global stock markets ? Ketan : Dow had best week in last two years. Dow had huge rally similar to that one seen for Sensex. Bhansali : Ya. Dow rallied on better than expected manufacturing data. Also, the US market welcomed the Feds decision to withdraw stimulus package. Harshad : In Europe, Greece crisis has finally been solved on Wednesday as the Greek government passed the bill regarding economic reforms neeeded for EUs 12 billion dollars help to avoid solvency. Ketan : At home, Q1 results series starts next week. HDFC bank will announce results on Friday. Bhansali : Ya. IndusInd Bank will also announe the results on that day. Harshad : Nifty will be in the range of 5500-5700 till the positive or negative news on Monsoon comes.

Smart Chat
will lead to inflation to double digit. On the other hand, MontekSingh Ahluwalia said that inflation worry will remain for next 2-3 months. Bhansali : They have been saying all these things since last two years. They enjoy the confusion spread among the aam aadmi. Harshad : Let us leave these politicians behind and talk about the market. Ketan : Cash market turnover had fallen to 28 months low on last Monday. The turnover was Rs. 12283 crore. Bhansali : It will be major problem for the brokking firms. Motilal Oswal securities stock has fallen to 2 years low. Many other stocks in this sector are at 52-week low or near about that level. Harshad : Fertiliser stocks will be in limelight next week as the government has approved the price hike in DAP i.e. DiAmmonium Phosphate. beyond Rs.

4th July 2011 to 10th July 2011


Permitted to post at Ahmedabad PSO on every Monday (weekly) under Postal Regd. No. GAMC - 1703/2009-11. issued by SSP Ahd. Valid up to 31-12-2011

Smart tips
Premier Explosive (Rs. 77.00) (Code: 526247) :- Excellent performance, good track record of regular dividend, attractive dividend yield of 2.66 %, increasingly growing demand of mining and defense sector and strong possibility of business volume growth are some of the reason why we recommend this company engaged with production of explosive and bulk explosive. It may be recalled that the government in its annual budget 2011-12 has announced 11 % more allocation for defense sector beside it has decided to give more preference to design, development and manufacturing. This company may avail some benefit from this policy. Investors cant afford to miss this stock. Essel Propeck (Rs. 45.00) (Code: 500135) :- The company has entered in to agreement with Colgate in order to set up packaging unit at Goa for the consideration of Rs. 40 crore. The price may move up following this positive development. The current market price of this share is Rs. 5 down than its book value of Rs. 50. Market analysts are very much optimistic for its future outlook as the company has undertaken expansion drive that includes 13 overseas plants beside more focus on high growth market, high margin, non oral care segment. The management of the company is hopeful for 14 % and 17 % growth for its income and profit margin respectively during FY 2012. What is more interesting aspect of its balance sheet is that it could mention 200 bps increase for its profit margin during FY 2011. Investors can add this share in their portfolio from long term perspective. K.S. Oil (Rs. 21.00) (Code: 526209) :- It is a leading integrated edible oil company providing health friendly products like mustard oil, soya bin oil and palm oil to its valued clients. The company is enjoying leadership position in mustard oil market and dominates 11 % market share in this segment. The net profit of the company had declined to Rs. 188 crore indicating 16.1 % reduction on sales of Rs. 4662 crore indicating 15.8 % growth for the FY 2010-11 during which it could register EBITDA worth Rs. 545 crore indicating 14.5 % growth. Investors can expect target price of Rs. 32 within next six months.

Well on one front, all corporate have sent mailer to all stakeholders for getting their annual reports and other notices in e-paper format as per new guidelines on Green Revolution, on the other front, that culture is also nurtured for the indices that are on northward

Will there be green revolution ahead


week with choppy trades, Sensex moved in the range of 19031.3818132.70 and Nifty 5705.80-5434.25. Secondary Market Tracking poor global cues, our markets opened weak on Monday but managed to gain as the day progressed on short coverings ahead of derivatives expiry. Hat trick of gains marked for the last three sessions. BSE Sensex rose by 171.73 points to close at 18412.41 and NSE Nifty gained 55.35 points to end the day at 5526.60. Resolution to

Greece crisis showing positive signs that helped global markets to recover. Late Friday eve hike in kerosene and diesel price gave boost to oil-gas and PSU counters that lead the rally and got support from Power and Banking sector select counters. Small and Mid

Experts Eye
Dilip Davda
e-mail : dilip_davda@rediffmail.com

Best Buy
Pidilite, Empire Ind., Hatsun Agro
cap counters too gained on afresh buying support. Sowbhagya Media announced bonus in the ratio of 1 share for every 1 share held. Higher opening with a gap was seen on Tuesday and market maintained momentum of growth. BSE Sensex ended the day with a score of 80.04 points to close at 18492.45 and NSE Nifty rose 18.70 points to close the day at 5545.30. Northward surge continued on banking, power, auto and metal counters on bullish reviews of global markets. We once again posed for FII v/s DII regime. FIIs were aggressive buyers on capital goods, power and auto sector

(Cont.... on P 6)

journey post FIIs turning net buyers again from last week. Eased food inflation at 7.78% on the last day of derivatives expiry kept market in green pasture for first four sessions, but then on the last day, profit booking at the higher resistance level kept it in red. Despite it, the week closed in green mode with good gains. Now all eyes are on the faring of monsoon, impact of hike in kerosene, diesel and LPG on inflation and the first quarter results that will be pouring in from next but one week. On the faring of market for the week under report, it appears that it will have stock specific mode with upper bias and only global negative cues will dampen the sentiment intermittently. During the

Dividend/Interim dividend announcements last week


Jenburkt Pharma (35%), McNally Bharat Eng (20%), PSL Ltd (20%), Sowbhagya Media (10%), State Trading Corp (30%), Empire Ind (220%), National Plastic Techno (10%), Pradip Overseas (10%), Bharat Electronics (156%), Cipla Ltd (100%), SJ Corp (5%), Uni-Abex Alloy (28%), Velan Hotels (7.5%), Zodiac Clothing (50%), Envair Electrodyne (7%), Future Capital Holdings (15%), ISMT Limited (25%), Jyoti Ltd (12%), NHPC Limited (6%), Blue Circle Services (4%), Indo Asian Finance (3%), JMD Telefilms (10%) etc.

(Cont.... on P 6)
Hemant K. Gupta
CDOFT, 212, 2nd Flr., Ravi Ind.Estate, Off. Mahakali Road, Andheri (East), Mumbai. Tele : 022-26873540 (M) 9821620167 E-mail : cdoft@mtnl.net.in

Aptech: The company got Rs. 50 crore toward dividend from its China based subsidiary Hanung Toys: The price and volume of this share are going up every week
Thiru-Arooram: Some well known chartists are optimistic for target price of Rs. 115
Tainwala Chemical (Rs. 35.00) (Code: 507785) :- It is a flagship company of Tainwala Group engaged with production of plastic sheets beside most active for luxurious trading business. Investors must not forget that its most of the income is incurred from its various investment instruments and this income is growing every year. Currently the company holds 8.88 % stake in Samsonite beside it has holding of 17500 shares of Periwinkle Fashion Pvt. Ltd. from which it yields handsome income toward dividend. The income of Rs. 3 crore of total income of Rs. 13.70 crore was yielded toward interest and dividend for the FY 201011. It had also posted the net profit of Rs. 1.48 crore and achieved EPS of Rs. 1.58 for the same period. with production of agro chemicals, various micro pestisides and bi-fertilizer, has acquired 51 % stake in Biotool B & M Labs S.A. in order to set up joint venture. Biotool has head quarter at Spain beside a subsidiary in Brazil. fund via QIB route beside current market price of the share too seems very attractive. Investors must enter at this level for better return in short term as many broking firms have recommended this share and some HNI are on buying spree for this stock.

Tainwala Chemical: This stock is all set to become multi bagger Kilpest: It is heading toward all time high level Dhanlakshmi Bank: HNI are in buying spree for this share Dish TV: The price may touch to three digits in a very short term

D I F F E R E NesT
H.K. GUPTA

(Mumbai)

k Stro

Terrific Shots
Considering the Central Governments agro policy this company may avail maximum benefit in future. The stock of the company is currently quoted with 15xPE based on its estimated income of FY 2012. The 52 weeks highest price was recorded at Rs. 34 and the lowest one was registered at Rs. 9. This stock is all set to touch its new top level.

Dish TV (Rs. 90.00) (Code: 532839) :- Announcing the price hike


by Rs. 200 for its set top box the company is going to generate additional income of Rs. 25 crore this fiscal. Improving its performance the company has registered very excellent result for the FY 2010-11 as it has reduced its loss to Rs. 37 crore from last years loss of Rs. 60 crore on sales of Rs. 432 crore indicating 43 % growth for the same period. The rapid digitalization of industry is the core factor for companys future growth.

Kilpest (Rs. 28.00) (Code: 532067) :- The company, engaged

Dhanlakshmi Bank: (Rs. 115.00) (Code: 532180) :- It has


been heard from the market that the bank is mulling to mobilize some huge

(Cont.... on P 6)

Pleasant illusion appears\looks better than Harsh realities. Purpose of this column is inform readers about harsh realities of various companies, various promoters, various operators and not to get carried away (put thier hard earned money) by rumours or glamour created around many scrips (which are patently overpriced) by various operators. FEDERAL-MOGHUL (Rs. 273.00) :- This auto-ancillary had equity of 55.63 crores and reported Eps of Rs 7.50 for FY11 and is trading at PE Ratio of over 33. Though company's products are well approved,management is strong/reliable and is amongst leading auto-component supplier to all major OEMs but fundamentally, scrip looks overpriced. Ess Dee Aluminium (Rs. 358.00) For FY11, its Eps stands at 33.60 but Eps for Q4 alone was just 3.30. Hence, investors are advised not to buy this scrip now although its 52 week high was Rs 528/. If company reports good results for Q1, it is better to buy then even at little higher price because if Q1 turns out to be as bad as Q4, share price can plunge Parekh Aluminex (Rs. 287.00) :- For FY11 Company has reported Eps of Rs 48 on sales of Rs 900 crores (rise of 42%). Although scrip has been recommended by some leading brokerage houses, this writer advises to stay away from this counter. Zooming sales in last 2 years appear too good to be true. Atul Auto Ltd (Rs. 177.00) :- As per our inside info, company's Rights issue has been cleared by SEBI and official announcement in this regard expected very soon. Investors may buy more quantity as company should report very good nos for FY12 and FY13. (Cont.... on P 6)

Senior Astrologer Dharmesh Joshi


Mob. : 9909941816
E-mail : stockmarket@ganeshaspeaks.com

Sensex Predictions 4th July to 8th July


04-07-2011, Monday :- From 07/06/2011, Rahu is entering Scorpio
(alphabets- N and Y) moon sign and Ketu is entering Taurus (alphabets- B, V and U) moon sign. So the people with these two Moon signs need to be highly alert during this phase. Rahu and ketu have the ability to generate a serious malefic impact on your life. You may come across various problems, which will strain your nerves. Ventures that you may undertake during this period may not bear desired fruit. Your enemies will try to tarnish your image. Financial conditions may also deteriorate. Health problems will disturb your peace of mind. Avoid rash behaviour and decisions. If you are in business, you will become very ambitious. But your rash behaviour may create problems. Some teething problems may bother you during this period. Synchronizing things effectively may become difficult. Ganesha feels that this is the time to overcome problems and adversities. Try to develop the much needed resistance, and concentrate on your routine. 05-07-2011, Tuesday :- The moon is in the Magha nakshatra of Sinha rashi. Today, in the navmansh kundali, Moon and Saturn are in combination. The share market is not just a market to earn money but it is that of risks. Friends, while playing in the stock market, first make sure what you are- an intrada trader, a weekly trader, a monthly trader, a yearly trader, or you just play in call put or Future. If you also take technical or any such other tips you will confuse yourself even more. Overall, there is a possibility of loss at the market. From 11:10 to 11:50- Nifty may remain steady near that point. You can take a break if you wish. In the period after 14:10, Ganesha may make things a little difficult for you. If you trade, it is likely that you receive results opposite of what you have thought. So, take your own decision. 06-07-2011, Wednesday :- Today, the moon is in the Purva falguni nakshatra. Today onwards, do not focus on the operator driven stocks. Apart from Nifty-50, Ganesha advises against taking any risks during this month. You need to trust in God, your docto , lawyer and your astrologer as well. Do not keep changing your opinion or you will have no support at the end of the day. Till 10:10- After keeping an incredible opening, Nifty may show a soft tone.

NIFTY FO CLOSED @ 5632 AS ON 01.07.2011 NIFTY FO has resistance at 5677 5697 Level; above which other resistance levels are at 5713 5730 Level with highly Volatile Trend, In Downside support levels are at 5603 5590 Level; below 5577 level, other support levels are at 5530 5470 Levels. I am positive for next week above 5730 Level but be with the trend. Let the market decide further moves. As we are say-

Nifty F & O Range @ 5470 to 5770 in Short Term


MARKET TREND
NIKHIL BHATT (+919979380808)
WWW.INVESTMENTPOINT.IN
199 ; below Rs 173 it can fall up to RS 167 161 levels. If it crosses Rs 199 level than expect non stop rally up to Rs 209!!! 2. MILK FOOD (131) : Operator based Game Start in this stock, Buy @ Rs 126 With SL of Rs 123 for the target of Rs 144 155 level below Rs 123 can show further downfall up to Rs 116!!! 3. DELTA CORP (101) : Buy delivery of this stock @ current levels with SL of Rs 93 for the target of Rs 113 121 level. It is very good for medium term position also!!! 4. EXCEL CORP (166) : This stock is looking very good to buy @ Rs 161 with SL of Rs 157 for the target of Rs 179 188 levels below Rs 157 stock shall witness free fall!!! 5. HOUSE OF PEARL (63) : Buy @ Rs 61 levels considering minor support of Rs 57 and stop loss of Rs 53 for an upper target of Rs 73 79 levels. Below Rs 53 it can slip up to RS 51 47 levels!!! 6. SIMPLEX TRADING (103) :

Operator based buying has been there in this stock. Buy @ Rs 99 with SL of Rs 93 for the target of Rs 113 121 levels it is very good for long term position also!!! 7. JINDAL PHOTO (170) : Trading point of view buy @ Rs 161 With SL of Rs 156 for the target of Rs 183 188 level below Rs 156 it can show further downfall up to Rs 147!!! 8. PUNJAB POLY (88) : Buy delivery of this stock @ current

NIFTY

SENSEX

(Cont.... on P 2)

ing from many days Buying is suggested in falls only...and its still a better strategy in the given scenario...!!! Regarding long term positions, it is preferable to remain cautious now...!! If NIFTY crosses 5730 Level, again then the upper side target is quite high and it may touch 5770 Level in short term...!!! GOLDEN STOCKS FOR THE WEEK : 04.07.2011 TO 08.07.2011 1. JINDAL WORLD (181) : It is suggested to buy @ Rs 177 with SL of Rs 173 for the target of Rs 193

levels with SL of Rs 83 for the target of Rs 99 103 level. Its very good for long term position also!!! 9. INDIA CEMENT (72) : For medium term buying is suggested @ Rs 67 with SL of Rs 63 for the target of Rs 81 88 level. Below Rs 63 it can show further downfall!!! 10. DEEP IND (77) : It is suggested to buy with SL of Rs 73 for the target of Rs 83 89 below @ Rs 73 It can slip up to Rs 69 63 level. Above Rs 93 Level will take the stock to Rs 103!!!

Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur, Ahmedabad-380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellisbridge, Ahmedabad. Editor : Dilip K. Shah

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