 | 5124.00 | ( 0.69 %) | 35.30 |  |
| 1 | 2 | 3 | ||
| Resistance | 5150.02 | 5176.03 | 5204.97 | |
| Support | 5095.07 | 5066.13 | 5040.12 | |
 | 17102.60 | ( 0.64 %) | 108.11 | | |
| 1 | 2 | 3 | |||
| Resistance | 17181.79 | 17260.99 | 17334.42 | ||
| Support | 17029.16 | 16955.73 | 16876.53 | ||
Strong & Weak Stocks
This is list of 10 strong stocks:
Sterling Biotech, Sesa Goa, Hero Honda, JSW Steel, Siemens, Mcdowell-N, Purva, Allahabad Bank, Orient Bank & Triveni.
And this is list of 10 Weak Stocks:
Bajaj Hind, Mphasis, Chambal Fert, BPCL, Tech Mahindra, Tulip, Tata Comm, ICSA, Nagarjuna Fertil & Balrampur Chini.
Nifty is in Up trend
NIFTY FUTURES (F & O):
Below 5105 level, expect profit booking up to 5098-5100 zone and thereafter slide may
continue up to 5083-5085 zone by non-stop.
Hurdle at 5120-5122 zone. Above this zone, rally may continue up to 5127 level and thereafter expect a jump up to 5135-5137 zone by non-stop.
Cross above 5160-5162 zone, can take it up to 5175-5177 zone by non-stop. Supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 5058-5060 zone. Stop Loss at 5043-5045 zone.
Short-Term Investors:
Bullish Trend.
Up Side Target at 5239.70.
Stop Loss at 5050.30.
Equity:
ICICIBANK (NSE Cash)
This scrip went up on Yesterday. Narrowly missed the target. Uptrend should continue today also.
Buy for Intra-Day Gains with a Target of 959 level.
Stop Loss at 907 level.
ABAN (NSE Cash)
This scrip should have been gone down on yesterday. Instead, gained & It was a surprise. Uptrend should continue today also.
Buy for Intra-Day Gains with a Target of 1375 level.
Stop Loss at 1251 level.
ARSSINFRA (NSE Cash)
This scrip should have been gone down on yesterday. Instead, gained & It was a surprise. Uptrend should continue today also.
Buy for Intra-Day Gains with a Target of 829 level.
Stop Loss at 778 level.
RECLTD (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 2 days.
AXISBANK (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.
JAGRAN (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Negative News within 2 days.
ABGSHIP (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 10 days.
CANBK (NSE Cash):
Bulls may get trapped at higher levels during intra-day trades today. Expect Positive News within 2 days.
OPTIONS (NSE):
NIFTY 5100 CALL OPTION
Should have been closed negatively on Yesterday. Positive Closing too. Uptrend should continue.
If buying continues, then it can zoom up to 105 level by non-stop.
If profit booking starts, then expect a slide up to 61.20 level by non-stop.
AMBUJACEM 115 CALL OPTION
Rally expected on Yesterday & Bulls beaten expectations. Uptrend should continue today also.
If Rally continues, then it may continue up to 5.65 level.
If Profit Booking starts, then it can tumble up to 0.85 level by non-stop and have caution.
STOCK FUTURES (NSE):
LITL FUTURES
Should have been fallen yesterday. Gained & Bulls dominated. Uptrend should continue today.
Buy with a Stop Loss of 49.40 level for Intra-Day Gains. Target at 55.80 level.
ESSAROIL FUTURES
Uptrend expected on Yesterday & Bulls fell short of expectations. Uptrend may continue today also & even up to 12.03.2010.
Buy with a Stop Loss of 141 level with a Target of 169 level. It may zoom even up to 185 level on (or) before 12.03.2010.
Stop Loss on (or) before 12.03.2010 should be at 133 level.
INVESTMENT VIEW
Hitachi Home-25 Glorious Years In India; Attaining Next Stage Of Growth
BSE: 523398
Hitachi Home: Inspire The Next
-Shares in issue 2.3 crore
-Market Cap-Rs 437 crore
-Ownership: 70 per cent Hitachi Japan
-Revenues (9M to December 2009)-Rs 483 crore
-PAT (9M to December 2009)-Rs 36 crore
-EPS (9M Non Annualised)-Rs 16
-PE on FY10 earnings-10
-A new plant set up near Ahmedabad raises manufacturing capacities for Air conditioners to 4.0 lakh per annum.
-New plant at Kadi to produce large chillers used for Cold Chains, Industrial Refrigeration, Airports, Metro Stations taking out the seasonality from earnings.
-New Range of Window and Split A/Cs and Refrigerations with lesser tonnage target India's rural belt, bringing in green technology and 5 star rated products to capture mass demand for energy saving refrigeration and cooling products.
-Hitachi Japan enters it's Centennial Year, 25 years in India with a further resolve to expand and grow.
Among the first investors of Vibrant Gujarat Global Investors' Summit 2009 to open the plant.
The first Japanese company to set up a manufacturing facility post the Vibrant Gujarat initiative.
Enhancing production capacity by setting up a mega manufacturing facility.
Plans to manufacture large capacity Air conditioners (chillers) in it's new plant.
Expanding even during global slowdown.
Hitachi Home & Life Solutions (India) Ltd (HHLI), a subsidiary of Hitachi Appliance Inc, Japan, inaugurated its new air-conditioner manufacturing plant at Kadi (Gujarat) near Ahmedabad earlier in FY10.
This facility of Hitachi is the largest AC manufacturing facility in India and is the outcome of the Vibrant Gujarat Global Investors' Summit 2009 where HHLI signed an MOU to invest in Gujarat and is now amongst the first ones to accomplish the plant.
The new manufacturing facility is situated adjacent to the company's current plant at Kadi, 40 km. from Ahmedabad. The new plant would manufacture commercial air-conditioners including large air-conditioner Chiller plants, Ductable air-conditioners and Telecom Air conditioners. Currently Hitachi Chillers are being imported from Hitachi's factories outside India.
The new facility is spread on a plot of 85000 Sq. Mtr. with approximately 35000 Sq. Mtr. of Industrial shed, built in a record time of only 7 months. The total investment amounted to approx Rs. 50 cr. The plant is state of art and equipped with advanced machinery and testing labs. With its new plant the production capacity will increase to 4.0 lakh units per annum and company aims at minimum 10% increase in turnover.
In the financial year 2008-2009 HHLI had a turnover of Rs. 520 crore. It has two production units in India, Kadi,Gujarat & Jammu. Company's manufacturing facilities in India are among the ten Hitachi air-conditioner facilities worldwide. The total installed capacity is 250,000 units in a year.
Mr. Shinichi Iizuka, Managing Director says "Today, the Air Conditioning industry in India is witnessing increased expectations by the customers. Technology, designs, cooling capacity, energy efficiency & Service levels are seeing new highs. Our global experience helps us marry best of international standards and local needs to have excellence in products and services. Industry is progressing from premium product image to a diversified market due to changes in lifestyle and rapid economic growth.
Present on the occasion, Mr. Amit Doshi, Director, Corporate Affairs, HHLI shared "HHLI has recognized consumer behavioral changes and is now directing all the activities to meet their demands and create a distinctive Hitachi brand image. Last year when we took the decision to invest in a new manufacturing facility, the commercial air-conditioner market was de-growing due to global economic slowdown, but we have always believed in the Indian market and want to serve it with products made in India and more importantly, made for India, hence we will continue investing in expanding our manufacturing base in India."
HHLI operates in mass premium segment. It currently holds 7 % market share in room air-conditioner segment however it is No. 1 in premium segment category. In ductable commercial air-conditioner HHLI has 17% market share and in telecom tower air-conditioners category it enjoys leadership post ion with 28% market share.
Hitachi was the first Japanese company to set up any manufacturing unit in India and is now the only company who is expanding its production facilities.
Hitachi is celebrating 25th year of cooling India and over the last year it has been able to achieve a significant growth. With encouraging growth prospects in Air Conditioner market and increasing demand of quality products, Hitachi Home & Life Solutions (India) Ltd. planned this investment in new manufacturing facility to move closer to its growing customer base, even during global economic slowdown.
2010 will mark a significant milestone in Hitachi's worldwide history as centennial, 100 years of trust & appreciation.
(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.)
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 08-Mar-2010 | 3284.26 | 2152.25 | 1132.01 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 08-Mar-2010 | 1309.36 | 1877.99 | -568.63 |
Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer:
"I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report."
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Arvind Parekh
+ 91 98432 32381
Arvind Parekh
+ 91 98432 32381
