NIFTY FUTURE LEVELS
SUPPORT
5201
5205
5177
5163
RESISTANCE
5239
5243
5253
5267
5279
IBREAL;BPCL;CUMMINS;NATLALUM;VIDEOCON;ONMOBILE;SEL;SBI
Strong & Weak futures
This is list of 10 strong futures:
Sail Ltd, Hotel Leela, India Hotels, Hindalco, Tata Motors, KFA, Praj Industry, Sintex, Suzlon & NTPC.
And this is list of 10 Weak futures:
GT Offshore, Pir Health, Andhra Bank, Orchid Chem, Tata Comm, Orient Bank, GVKPIL, Allahabad Bank, India Info & IDFC.
Nifty is in Up trend
NIFTY FUTURES (F & O):
Below 5201 & 5205 levels, expect profit booking up to 5177 level by non-stop.
Hurdles at 5239 & 5243 levels. Above these levels, rally may continue up to 5253 level by
non-stop.
Cross above 5267 level, can take it up to 5277-5279 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 5165-5167 zone. Stop Loss at 5163 level.
Short-Term Investors:
Bullish Trend. Stop Loss at 4944.95.
Up Side Target at 5391.85.
Equity:
INDIABULLS REAL ESTATE (NSE Cash)
Recommendation:
No trigger as per my calculations. Side ways trend expected with positive bias.
Above 230 & 231 levels, rally may continue up to 235-237 zone by non-stop.
Support at 225 level. If does not break & sustain below 218-220 zone then expect rebound too.
BHARAT PETROLEUM (NSE Cash)
Recommendation:
Explosive. Negative Factor is that, Stop Loss is too far on down side.
Rally may continue up to 642 level for time being. Above 647 & 650 levels, it can zoom up to 657 level and thereafter expect a jump up to 660-662 zone by non-stop.
Support at 626 & 629 levels. Buy with a Stop Loss of 618-620 zone.
CUMMINS (I) (NSE Cash)
Recommendation:
There is a chance of profit booking and have caution.
Above 435 & 439 levels, expect a rally up to unbelievable target of 451-453 zone by non-stop.
Support at 425 level. Below this level, expect profit booking up to 415 level and thereafter slide may continue up to 404-406 zone by non-stop.
NATL ALUM -NEW (NSE Cash):
Explosive & will zoom.
VIDEOCON INDS (NSE Cash):
Explosive & will zoom.
ONMOBILE GLOBAL (NSE Cash):
No trigger as per my calculations. Bulls will get trapped at higher levels.
RELIANCE INDUSTRIAL INFRASTRUCTURE (NSE Cash):
No trigger as per my calculations. Bulls will get trapped at higher levels.
SEL MANUFACTURING CO (NSE Cash):
No trigger as per my calculations. Bulls will get trapped at higher levels.
DLF (NSE Cash):
Fall may continue as per technicals.
HOUSING DEV & INFRA (NSE Cash):
Fall may continue as per technicals.
INVESTMENT BUY:
SOUTH INDIA BANK (BSE Cash & BSE Code:532218)
Uptrend in Monthly Chart is surprising & Looks positive too.
This scrip should have been contained below 139.10 in the month Dec. But closed at 148.80.
Good for 1 Month Holding & Buy with a Stop Loss of 139.10.
OPTIONS (NSE):
NIFTY 5300 CALL OPTION
Recommendation:
No trigger as per my calculations. Side ways trend expected with positive bias.
Rally may continue up to 85 level for time being. Above 89 level, expect a jump up to 91-93 zone by non-stop.
Support at 72 & 75 levels. If does not break 67-69 zone then expect rebound too.
SBIN 2310 CALL OPTION
Recommendation:
No trigger as per my calculations. Side ways trend expected with positive bias.
Above 60 level, expect a jump up to 64-66 zone by non-stop.
Support at 49 level. If does not break 41-43 zone, then expect rebound too.
STOCK FUTURES (NSE):
TATA STEEL FUTURES
Recommendation:
Explosive. Negative Factor is that, Stop Loss is too far on down side.
Above 626 level, rally may continue up to 630 level and thereafter expect a jump up to 634-636 zone by non-stop.
Support at 606 & 609 levels. Buy with a Stop Loss of 600-602 zone. Stop Loss is too far on down side.
 | 5201.05 | ( 0.61 %) | 31.60 |  |
| 1 | 2 | 3 | ||
| Resistance | 5190.97 | 5212.48 | 5227.92 | |
| Support | 5154.02 | 5138.58 | 5117.07 | |
 | 17464.81 | ( 0.70 %) | 120.99 | | |
| 1 | 2 | 3 | |||
| Resistance | 17414.98 | 17486.14 | 17532.23 | ||
| Support | 17297.73 | 17251.64 | 17180.48 | ||
Sujana Towers-Power Play
BSE 532887; CMP Rs 51.80
Shares in Issue: 6.82 crore
Market Cap: Rs 347 crore
Cash In Hand (post GDR)-Rs 150 crore
FY09 Revenues-Rs 700 crore
FY09 PAT-Rs 32 crore
FY09 EPS-Rs 7.7
PE - 6
Fair PE-10
Fair Market Value-Rs 80
Backdrop FY08
INDUSTRY OVERVIEW:
Domestic
The economic acceleration has put significant pressure on the existing infrastructure, such as power, roads, ports, airports and railways. According to certain estimates, India being the fifth largest generator of power, positioned behind USA, China, Japan and Russia is expected to surpass Russia and Japan by 2030.
However, power generation has not been able to catch up with demand growth in recent years. The demand-supply mismatch has been an area of great concern and the Government of India is committed to bridging this gap. In order to achieve the 11th five-year plan targets, the Government has introduced new accelerated process for awarding ultra mega power projects (UMPPs) to the private sector. The Government has already planned 8 UMPPs of 4,000 MW each and this initiative is expected to help the Government achieve the target of adding 76,000 MW by 2021.
India has witnessed remarkable growth in the telecom sector in past five years. But this growth has been limited to the urban sectors. It is only now that the telecom operators have begun focusing growth opportunities in the semi-urban and rural areas, where the telecom penetration stands at an abysmal 2% of population. This growth in coverage area coupled with growth in subscribers will drive the demand for towers and cell sites.
International
Apart from India, big growth opportunities have come up in the regions such as Africa, Central Asia, Middle East and North America. Industry experts believe that Africa and Middle East, together, are expected to spend more than US$ 20 billion on transmission and distribution. Moreover, according to international Energy Agency, private investors and Governments will need to invest more than US$ 10,000 billion in the world's power sector in the next 25 years to prevent shortage of electricity supply.
PERFORMANCE HIGHLIGHTS:
Turnover for 2007-08 (consisting of 15 months) grew by 73.83% to Rs.78074.07 lakhs against Rs.44913.54 lakhs of the previous year (consisting of 12 months), driven by impressive growth across all business verticals of your Company.
Pre-tax profit increased by 54.23% to 7955.04 lakhs and post-tax profit grew to Rs.4123.11 lakhs, registering a growth of 4.83% against Rs.5157.74 lakhs and 3933.10 lakhs of the previous year respectively.
The financial strength, resulting from sustained superior performance and the capability of Sujana's human capital, constitute the foundations to scale even greater heights in the years to come.
SUBSIDIARIES:
Digitech Business Systems
It acquired M/s Digitech Business Systems Limited at Hong Kong as it's Wholly Owned Subsidiary (WOS) by investing an amount of US $5001 towards share capital on 30-01-2008. The operations of the subsidiary company are yet to be commenced.
Telesuprecon Limited
It had acquired 51%of the shareholdings of M/s Telesuprecon Limited, a GBL 2 Company incorporated in Mauritius on 03-05-2008. M/s Telesuprecon Limited is in the business of providing infrastructure facilities of both telecom and transmission towers. The Telecom Business in Africa is picking up on par with other developing countries.
The telecom growth in India during last five years is expected to replicate in Africa in next five years. STL is targeting this business opportunity through its subsidiary company Telesuprecon Limited. The company is in the business of turn-key-service provider to Telecom Operators in OFC, GSM/CDMA and OSP works.
Sujana Transmissions Limited
It incorporated Sujana Transmissions Limited at Hyderabad on 31-07-2008 exclusively for the purpose of undertaking transmission business of power sector in India. The Company is participating in the tendering process of erection of transmission towers in the north eastern states of India. The operations of the subsidiary company is yet to be commenced.
KHANAPUR PROJECT
It is setting up a manufacturing unit at Turkalakhanapur Village, Medak District, Andhra Pradesh with a Tower capacity of 72,000 TPA and Technological Structural Fabrication (TSF) capacity of 30,000 TPA and L&T Infrastructure Finance Company Limited, Chennai has agreed to grant financial assistance by way of a term loan not exceeding Rs.100 crores. The documentation and other formalities are under progress and it is expected that, the unit will commence production by end of June, 2009.
Safe Harbor Statement:
(Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice.)
FUNDS DATA
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 31-Dec-2009 | 2625.95 | 2109.85 | 516.1 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 31-Dec-2009 | 1402.79 | 1874.95 | -472.16 |
-- Markets this week
Expectations of a second stimulus package - including a rate cut by the RBI - and positive sentiment from overseas market boosted the Indian bourses on Monday. The negative indices trend was reversed and both Sensex and the Nifty spurted over two per cent each on the back of fresh buying support . Uptrend in crude oil prices aided shares of oil producing companies such as Reliance Industries, Reliance Petroleum, Cairn India and ONGC. The Sensex spurted 204 points to close at 9,533 and the Nifty ended with a gain of 65 points at 2922. Satyam Computer Services suffered another major blow with the three independent directors, Mr Vinod K. Dham, Dr Krishna G. Palepu and Prof. Mendu Rammohan Rao resigning, under pressure from several quarters on corporate governance issues. IL&FS Trust Company Ltd - believed to be one of the institutions with whom the shares of the promoters of Satyam Computer Services were pledged - on Monday sold 44.1 lakh shares in the open market at Rs 139.83 per share. Mahindra and Mahindra owned Punjab Tractors Ltd on Tuesday announced plans to sell its remaining stake of 14.4 per cent held in Swaraj Mazda to Sumitomo Corporation. Sumitomo already has a 39.49-per cent stake in Swaraj Mazda Ltd. The deal at a price of Rs 272 a share would enhance its stake in Swaraj Mazda to 53.53 per cent. The BSE Sensex closed Tuesday's session on a strong note with a gain of 183 points at 9717. The wide-based Nifty opened in the green, but faced selling pressure at higher levels. However, it ended the session higher with a gain of 57 points at 2980. Global rating agency Standard & Poor's on Wednesday revised its rating outlook on Reliance Industries, from stable to negative, reflecting the company's increased debt and pressure on profitability. S&P said the downturn in commodities and oil refining as a fallout of the global economic slowdown had affected the profitability of the company. The benchmark Sensex ended lower on the last day of the calendar year 2008 at 9647, down 69 points, while the Nifty lost 20 points and closed at 2959. Indian bourses opened with a bang on the first day of 2009, with the benchmark indices surging by an impressive 256 points at 9,903; the Nifty gained 74 points to close at 3033. Expectations on the stimulus package and easing of inflation at 6.38 per cent for the week ended December 20, 2008 boosted the market sentiment. Thursday's gains were broad based with 2,001 scrips on the BSE gaining and only 493 out of a total of 2,560 traded stocks losing out.
Once the new year euphoria was over, market-men became cautious ahead of the expected second stimulus package as the Sensex ended Friday at 9,958 with a slender 54 points gain, amid the usual intraday volatility. The Sensex, for the week gained a hefty 630 points, heralding the new year with aplomb. As this report was being compiled, the RBI has announced a 100 basis point rate cut along with other concessions like easing ECB norms and raising of FII investment limit, as part of the much awaited second stimulus package. It now remains to be seen how the markets reacts to the goodies announced. It is expected that the trading blues will fade away and markets may bounce back
--
Arvind Parekh
+ 91 98432 32381
