Strong & Weak futures
This is list of 10 strong futures:
Purva, Chambal Fert, Nagarjuna Fertil, GTL Infra, Finance Tech, Dish TV, BEML, SCI, DCB & UCO Bank.
And this is list of 10 Weak futures:
LITL, Jindal Steel, Reliance, Maruti, Bajaj Hind, Balrampur Chini, HDFC, Renuka, Hind Uni Lvr & GT Offshore.
Nifty is in Up trend
NIFTY FUTURES (F & O):
Above 5238 level, expect short covering up to 5261-5263 zone and thereafter expect a jump up to 5285-5287 zone by non-stop.
Support at 5211 level. Below this level, selling may continue up to 5200-5202 zone.
Buy if touches 5177-5179 zone. Stop Loss at 5153-5155 zone.
On Positive Side, cross above 5308-5310 zone can take it up to 5332-5334 zone. If crosses & sustains this zone then uptrend should continue.
Short-Term Investors:
Bullish Trend. Stop Loss at 5155.00.
Up Side Target at 5339.00.
Equity:
THINKSOFT GLOBAL SERVICES (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 434 & 435 levels, then it can fall up to 429 level and thereafter it can tumble up to 419 level by non-stop. Buy at around this level with a Stop Loss of 415 level.
Rally up to 444 & 447 levels may be possible.
Cross above 457 & 461 levels, this scrip will explode up to 467 level and thereafter expect a jump up to 472 level by non-stop.
HCL TECHNOLOGIES (NSE Cash)
Explosive. Do remember that, if breaks & sustains below 373 level, then it can tumble up to 370 level by non-stop. Buy at around this level with a Stop Loss of 367 level.
Rally up to 381 level may be possible.
Cross above 387 & 390 levels, this scrip will explode up to 397-399 zone by non-stop.
DLF (NSE Cash)
Weak. Do remember that, if crosses & sustains above 383 level, then it can zoom up to 388 level by non-stop. Sell at around this level with a Stop Loss of 392 level.
Fall up to 375 & 376 levels may be possible.
Break below 369-371 zone, expect panic up to 362-364 zone by non-stop.
HMT LTD (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Month.
ITI LTD (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Week.
WALCHANDNAGAR IN (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within a Month.
HIND ORGANIC CHE (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within a Week.
ZEE ENTERTAINMEN (NSE Cash):
Bears may get trapped at lower levels during intra-day trades today. Expect Negative News within a Month.
OPTIONS (NSE): NIFTY 5300 PUT OPTION
Today's trend is sideways pattern with Positive bias. If rally continues, then it can zoom up to 120 level by non-stop.
On Negative side, if profit booking starts then slide may continue up to 71 level by non-stop. Too risky.
RELIANCE 1080 PUT OPTION
Today's trend is sideways pattern with Positive bias. If rally continues, then it can zoom up to 21 level by non-stop.
On Negative side, if profit booking starts then slide may continue up to 12 level by non-stop.
STOCK FUTURES (NSE): YES BANK FUTURES
Explosive. Do remember that, if breaks & sustains below 282 level, then it can tumble up to 275 level by non-stop. Buy at around this level with a Stop Loss of 273 level.
Rally up to 288 level may be possible.
Cross above 291 & 295 levels, this scrip will explode up to 301 level by non-stop.
ANDHRA BANK FUTURES
Today's Upper Target is at around 123 level & it may zoom up to 133 level on (or) before expiry.
Today's Stop Loss at 109 level. Below this level, it can tumble up to 104 level on (or) before expiry.
 | 5225.65 | ( -0.93 %) | -49.20 |  |
| 1 | 2 | 3 | ||
| Resistance | 5269.42 | 5313.18 | 5338.57 | |
| Support | 5200.27 | 5174.88 | 5131.12 | |
 | 17486.06 | ( -0.88 %) | -155.02 | | |
| 1 | 2 | 3 | |||
| Resistance | 17612.69 | 17739.31 | 17813.77 | ||
| Support | 17411.61 | 17337.15 | 17210.53 | ||
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 19-Jan-2010 | 2123.88 | 2485.55 | -361.67 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 19-Jan-2010 | 1396.48 | 1373.94 | 22.54 |
INVESTMENT BUY:
VINAY CEMENT(BSE Code:518051)
Positive News expected within 3 Months.
Upper Target at 61.10.
Stop Loss at 40.05.
INVESTMENT VIEW
Rasandik Engg. Ltd.
(BSE Code:522207Rs. 58.25/-)
REL is Auto ancillary scrip which is available at attractive valuations. With factories in three different locations (Gurgaon, Sohna, Surajpur) REL is engaged in manufacture of automotive parts as well as Tools/Dies for automobile and engineering industry. But for last year, REL also had reported very good nos. earlier. Its major customers are:
Fiat Telco Maruti
TVS M&M Toyota
Hero Motors Swaraj Mazda Ashok Leyland
Claas LG Force Motors
New Holland Tractors
2007-08 2008-09
Net Sales 188.62 197.66
Depreciation 9.11 10.73
Net Profit/Loss 7.16 - 0.72
Cash Profit 16.27 10.01
EPS Rs. 15.15
Cash EPS 34.47 21.20
It is clear that Rasandik achieved fabulous results in 07-08 with EPS of 15.15 and Cash EPS of 34.47. During the year, 3.60 Cr. was deferred tax which is non-cash entry.
In 2008-09, it had respectable Cash EPS of 21.20. In Q1, Company had reported good profits but, made big loss in Q2 and Q3 due to steep fall in metal prices.
H1/09-10 H1/08-09 2009-10E 2010-11E
Rs/Cr Rs/Cr Rs/Cr Rs/Cr
Net Sales 105.86 102.54 235.00 290.00
Depreciation 5.65 5.19 11.10 11.50
Net Profit 2.14 - 2.85 6.15 7.50
Equity 4.72 4.72 4.72 4.72
EPS Rs. 4.53 13.00 15.90
Cash EPS Rs. 16.50 36.30 40.25
Recently, Company has started production of 3 Wheeler under the Brand Name 'Chief' which is a move from Tier-I supplier to OEM. Company has launched 7 variants of the same for passenger carrier, Loader, Delivery van, Garbage Carriers and Mobile Shop. Same are available with 395 cc and 510 cc Engines. The Autos are available with Diesel and CNG versions. Passenger Carrier is available in 1+3, 1+6 and 1+7 seater. Next year, this segment should add significantly to its top line.
Valuations: REL is available very cheap considering the following:
Market Cap is just Rs. 26 crores which is 11% of 09-10E Sales.
Book Value is Rs. 44/-
Stock is available at 4.23 x FY10E EPS and 1.51 x FY10E Cash EPS
Stock is trading at 3.45 x FY11E EPS and 1.37 x FY11E Cash EPS.
(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).
--
Arvind Parekh
+ 91 98432 32381
