Strong & Weak Stocks
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Arvind Parekh
+ 91 98432 32381
This is list of 10 strong Stocks:
Pir Health, GE Shiping, Allahabad Bank, Titan, Andhra Bank, Ansal Infra, Indian Bank, TV-18, Polaris & Rel Infra.
And this is list of 10 Weak Stocks:
Triveni, Renuka, Sail Ltd, BEL, ONGC, Punj Lloyd, Tech Mahindra, Hind Petro, Uniphos & McDowell.
The daily trend of nifty is in downtrend
 Corporate News Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | Suzlon Energy said its subsidiary, REpower Systems AG, has bagged a contract for supply of 44 wind turbines for a project in Turkey. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Axis Bank's net profit was up 32% in the quarter ended March 31, 2010. It stood at Rs. 7.65 bn this quarter as against Rs. 5.81 bn in the corresponding period a year before. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | Sesa Goa said its net profit for the fourth quarter of the last fiscal surged to Rs. 12.15 bn on account of strong demand for the mineral from countries like China. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
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| Economic and Political Headline | |||||||||||||||||||||||||||||||||||||||||||||
| • | The RBI hiked short-term lending and borrowing rates and the portion of money banks deposit with it by 25 basis points each. The apex bank hiked its repo, reverse repo to 5.25% and 3.75%, respectively, while the Cash Reserve Ratio, or the portion of deposits banks park with RBI, to 6%. The hike in CRR, which will come into effect from April 24, will absorb Rs. 125 bn excess cash from the banking system. (BS) | ||||||||||||||||||||||||||||||||||||||||||||
| • | The UK's inflation rate jumped more than economists forecast in March, breaching the government's upper limit for the second time this year after energy costs rose within weeks of the election. Consumer prices climbed 3.4% from a year earlier, compared with a 3% increase in February, the Office for National Statistics said in London. (Bloomberg) | ||||||||||||||||||||||||||||||||||||||||||||
| • | China ordered developers not to take deposits for sales of uncompleted apartments without proper approval and barred them from charging "abnormally high" prices, stepping up efforts to prevent a property bubble. Developers must disclose to the public all apartments available and prices, and start selling within 10 days of getting pre-sale approval, the Ministry of Housing and Urban- Rural Development said. (Bloomberg) Derivatives EOD Report on http://www.indiabulls.com/securities/mailermis/derivative-strategy/derivative-EOD-20-Apr-2010.htm Today Market Update on http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-21Apr2010.htm SPOT / CASH INDEX LEVELS TODAY
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NIFTY FUTURES (F & O):
Above 5236-5238 zone, rally may continue up to 5242 level and thereafter expect a jump up to 5254-5256 zone by non-stop.
Support at 5210 & 5217 levels. Below these levels, expect profit booking up to 5190-5192 zone and thereafter slide may continue up to 5172-5174 zone by non-stop.
Buy if touches 5166-5168 zone. Stop Loss at 5148-5150 zone.
On Positive Side, cross above 5260-5262 zone can take it up to 5277-5279 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
Short-Term Investors:
Bearish Trend.
Down Side Target at 4947.10.
Stop Loss at 5377.50.
STOCK FUTURES (NSE):
PIRHEALTH FUTURES:
Real Buying taken place on yesterday. If rally continues, then it can zoom up to 574.25 level by non-stop. If Profit Booking Starts, then expect slide up to 488.25 level and have caution.
GESHIP FUTURES (5 Day's Holding):
Real Buying taken place in last 5 Trading Days. If rally continues, then it can zoom up to 363.70 level by non-stop. If Profit Booking Starts, then expect slide up to 307.10 level and have caution.
OPTIONS (NSE):
NIFTY 5300 CALL OPTION:
Yesterday's fall was speculative too. If fall continues, then slide may continue up to 17.45 level by non-stop and have caution. If Short Covering Starts, then expect a jump up to 40.35 level by non-stop.
IDFC 170 CALL OPTION:
Real Buying taken place on yesterday. If rally continues, then it can zoom up to 4.50 level by non-stop. If Profit Booking Starts, then expect slide up to 1.25 level and have caution.
Equity:
SBIN (NSE Cash)
The SBI group has seen its market share in bank deposits fall 100 basis points to 23.4% for the quarter ending December 2009 over the same period a year ago as a result of its efforts to reduce high-cost deposits. However, the group's market share in credit rose marginally during the same period.
Data from RBI's quarterly statistics on deposits and credit of scheduled commercial banks show that the SBI group now accounts for 23.8% of all bank lending, against 23.4% on December 2008. The market share of government-owned banks rose from 49% to 50.6%.
Technicals:
Yesterday's rally was surprising. Real Buying too. If rally continues, then it can zoom up to 2194.40 level by non-stop. If Profit Booking Starts, then expect slide up to 2021.00 level and have caution.
ICICIBANK (NSE Cash)
Chanda Kochhar, managing director and chief executive officer, ICICI Bank, said, "The 25 bps increases in the repo and reverse repo rates and the CRR are broadly in line with market expectations given the strong economic growth and elevated level of inflation. At the same time, the RBI has also articulated as a priority the availability of credit to meet the growth needs of the Indian economy. Thus, the annual policy statement has balanced the twin objectives of growth and price stability."
Technicals: ICICI BANK
Yesterday's rally was surprising. Speculative Buying too. If rally continues, then it can zoom up to 947.00 level by non-stop. If Profit Booking Starts, then expect slide up to 920.00 level and have caution.
NIFTY FUTURES (Weekly & Valid up to 23.04.2010)
Last Week's fall was speculative too. Do not worry about this fall.
If Fall Continues, then slide may continue up to 5112.20 level by non-stop and have caution.
If Short Covering Starts, then it can zoom up to 5377.80 level by non-stop.
INVESTMENT VIEW
Sabero - Changing orbits
CMP 78.75
While lot has been circulated to our readers on this counter, Sabero organics is now in the process of delivering the unexpected, watch out for this one and accumulate with a four to six month view. We expect the stock to move into a new orbit, Purely on the valuation front. The company is poised to grow at a CAGR of 32-35% over the next 2-3 years given its steady business model.
The company is looking to introduce new products and obtain more and more registration of its products in various overseas markets to expand its footprint and grab a dominant share in the crop protection industry. There is a need to improve the agricultural production per hectare as population increases, which will lead to huge demand for plant protection products.
At the CMP of Rs.78.75, the stock is trading at 5.6x and 4.4x its FY10E and FY11E EPS of Rs.14 and Rs.17.83 respectively which is at a huge discount to its peers. Expect a healthy re-rating very soon.
(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 | 20-Apr-2010 | 2418.67 | 2575.32 | -156.65 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 20-Apr-2010 | 1345.12 | 1243.84 | 101.28 |
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."
Arvind Parekh
+ 91 98432 32381
