BUY M&M-712 for a target 735 stop loss 705
BUY ABB-667 for a target 682 stop loss 660
BUY 3IInfo-80 for a target 90 stop loss 77.50
BUY ACC-829 above 835 for a target 865 stop loss 822
This is list of 10 strong futures:
Nifty is in Up Trend .
Above 4539-4541 zone, rally may continue up to 4560 level by non-stop.
Support at 4519 & 4528 levels. Below these levels, expect profit booking up to 4485-4487 zone and thereafter slide may continue up to 4453-4455 zone by non-stop.
Buy if touches 4400-4402 zone. Stop Loss at 4368-4370 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 4270 level, it can zoom up to 4830 level by non-stop.
Higher opening expected. Uptrend should continue.
Short-Term trend is Bearish and target at around 12478 level on down side.
Maintain a Stop Loss at 14931 level for your short positions too.
INVESTMENT BUY:
Buy UNITECH (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 90 level, then buying may continue up to 95 level. Cross above 97 level, expect fire works too.
Buy SUZLON ENERGY (NSE Cash)
If trades above 111 level, then buying may continue up to 117 level. Cross above 120 level, expect fire works too.
If breaks 111 level, then traders can expect profit booking up to 108 level.
Buy RELIANCE INDS (NSE Cash)
Higher opening expected. Buying may continue.
If trades above 2225 level, then buying may continue up to 2339 level. Cross above 2409 level, expect fire works too.
If breaks 2225 level, then traders can expect profit booking up to 2158 level.
Buy RELIANCE NATURAL RESOURCES FUTURES (NSE)
Higher opening expected. Buying may continue.
If trades above 86 level, then buying may continue up to 91 level. Cross above 94 level, expect fire works too.
If breaks 86 level, then traders can expect profit booking up to 84 level.
Buy NAGARJUNA FERTILIZERS FUTURES (NSE)
Higher opening expected. Buying may continue.
If trades above 43 level, then buying may continue up to 45 level. Cross above 46 level, expect fire works too.
The Dow Jones Industrial Average closed at 8,721.44. Up by 221.11 points.
The Broader S&P 500 closed at 942.87. Up by 23.73 points.
 | 4529.90 | ( 1.82 %) | 80.95 |  |
| 1 | 2 | 3 | ||
| Resistance | 4566.73 | 4603.57 | 4661.73 | |
| Support | 4471.73 | 4413.57 | 4376.73 | |
 | 14840.63 | ( 1.47 %) | 215.38 | | |
| 1 | 2 | 3 | |||
| Resistance | 14946.46 | 15052.30 | 15197.78 | ||
| Support | 14695.14 | 14549.66 | 14443.82 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 01-Jun-2009 | 3595.98 | 3316.31 | 279.67 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 01-Jun-2009 | 1660.4 | 1857.14 | -196.74 |
BSE 532813; CMP Rs 164.45
Delhi based C&C Constructions is moving from strength to strength energised by the solid increase in its order book. The order book as of March 2009 stood at Rs 3050 crore, with 40 per cent slated for commissioning in the FY10 ending June and 50 per cent in FY11.
The latest wins include sizeable stretches of Road Construction in the first phase of development initiated by "The Dedicated Freight Corridor Corporation Limited-A GOI entity", that will ultimately link interior Bihar with Kanpur and then on to Bombay.
In size, scale and magnitude the "Dedicated Freight Corridor" will be equally mammoth, just like the NDA Government showpiece, the "Golden Quadrilateral"and the "NSEW corridor".
Another show piece project bagged from UNPO/World Bank/ADB is the construction of the Parliament in Afghanistan, the new Indian Chancery in Kabul and massive highways in Afghanistan.
Additionally, there are 4 under-ground parking lots to be constructed in Gandhinagar, Hauz Khas, Munirka and Model Town, sponsored and funded by the Municipal Corporation of Delhi in anticipation of the Commonwealth Games 2010 New Delhi.
Further, a Rs 300 crore Inter State Bus Terminus is to be built up as a Grassroot project in Mohali, on a BOT basis wherein C&C will operate the terminus for the first 20 years before handing it over to the Haryana Government, and retaining the Commercial Development at the ISBT for another 99 years thereafter.
Secondly, for FY10, Revenues will rise 50 per cent to roughly Rs 1200 crore, with after tax profits of Rs 44 crore or a FY10 EPS of Rs 24, thereby giving the stock a forward PE of 6. The current valuations do not fully reflect the strength of C&C.
The roads sector dominates the order book with a 61 per cent share, followed by a 25 per cent share of the buildings segment; railways account for the balance.
C&C's order book has more than doubled in the past six months. This has been accompanied by a surge in revenues, which highlights the company's efforts towards ramping up its operations.
The company has decided to fund its current phase of growth through debt, keeping in mind the unfavourable equity markets. Thus, the increasing order book and top line have been accompanied by an uptick in debt levels.
Going forward, while the company expects its top line growth to continue at current levels, interest charges are likely to ease in the near future, as general lending rates move down in the country, and with a new Government both in Delhi and the Centre led by the Congress-UPA alliance, the purse strings are likely to be loosened for infrastructural projects.
The stalled Golden Quadrilateral, and NSEW project is also going to be pushed forth with fresh Road Construction orders of as much as Rs 40,000 crore to be allotted in the next few months.
There is thus sufficient Revenue and Earnings visibility as far as C&C is concerned for the next three years.
The stock can double in value by December 2009. BUY.
(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.)
--
Arvind Parekh
+ 91 98432 32381
