Eagleeye Jan28(e)
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- Pages: 5
(equities) January 28, 2008 6:00am IST
Visit us at www.sharekhan.com
Punter’s Call
Rejuvenation Markets on January 25 : Bulls back on street Markets opened on a strong positive note and continued the rally all through the day. The Nifty finally closed near the day’s high, indicating the tremendous strength of bulls over bears. This strong comeback of bulls shows that the markets were in a rejuvenation mood, as the Nifty finally closed with a gain of 350 points. The market breadth was once again dominated by the bulls. The Nifty during the day made a high of 5,398, very close to our short-term target of 5,400. It took resistance at 50% retracement of the entire fall from 6,350 to 4,450, which is around 5,400 level. On the downside, The Nifty has support initially at 5,250 and then at 5,000. On the upside, Nifty may face resistance around 5,600, which is also our short-term target.
Nifty chart: 5383
60 minute chart
On the hourly chart, the momentum indicator KST after touching the signal line towards downside has once again moved up and is continuing its rise indicating the dominance of bulls over bears. We have revised our shortterm target to 5,600 with reversal at 4,780, however the mid-term target of 6,300 with reversal at 4,244 is intact. Strong recovery was witnessed in the entire sugar pack as Bajaj Hindustan was up 31% and Balrampur Chini closed with the gains of 28%. Reality once again was the darling of the market, as Brigade (+31%), Unitech (+17%), HDIL (+12%) and Parsvnath gained (+10%). Metals also contributed heavily to the rally, as Jindal steel rose by 21%, Hindalco (+15%) and SAIL (+15%) also surged. Selective non-index stocks also rallied in this steep recovery as Adlabs Film was up 23% and GMR Infrastructures closed with the gains of 18%. The entire Reliance pack also contributed to the rally.
Market Breadth BSE
NSE
Advances
1,558
912
Declines
1,164
279
36
8
5,144cr
13,382cr
Unchanged Volume (Rs)
For Private Circulation only Sharekhan Ltd A-206, Phoenix House, 2nd Floor, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, India.
Short Term Trend
Target Sensex
19000
Nifty
5600
Trend
Reversal
Support/Resistance
Down below 15900
16000 / 18700
Down below 4780
4800 / 5600
Medium Term Trend
Target Sensex
21000
Nifty
6300
Trend
Up
Reversal
Support/Resistance
Down below 14723
15500 / 19200
Down below 4244
4550 / 6000
Icon guide Down
Downswing matures
Upswing matures
Trendy Levels Sensex
Nifty
Support
Resistance
Support
Resistance
18800 17070
19300 17440
5700 5340
5847 5425
18693 16951
19700 17580
5616 5300
5993 5500
18182 16638
20062 17700
5514 5250
6078 5570
20DSMA
40DEMA
20DSMA
40DEMA
20390 19657
19941 19346
6096 5879
5958 5776
BSE BSE Sensex: Sensex: 18,362 19013
For Private Circulation only
Nifty: Nifty: 5,383 5705
Eagle Eye
2
January 28, 2008
Home
Next
Smart Charts Date
Recommendation
Action
Stop Loss/ Reversal (Intra-day)
Stop Loss/ Reversal DCL
Buy/Sell Price
Closing Price (CMP)
Potential % P/L at CMP
Targets
25-01-08
Arvind Mills
Buy
-
46.3
53.3
53.1
0%
65-75
23-01-08
IDFC
Buy
-
169.0
195.0
209.1
7%
230-270
23-01-08
Ispat
Buy
-
34.9
43.7
46.4
6%
59-78
23-01-08
Alembic
Buy
-
54.6
64.0
67.7
6%
85-104
23-01-08
Hind Oil Expl
Buy
-
79.2
97.0
112.6
16%
124-169
23-01-08
Nahar Inds
Buy
-
83.2
108.0
113.5
5%
150-211
23-01-08
Punj Llyod
Buy
-
387.0
447.0
451.0
1%
525-594
22-01-08
Nifty Future
Buy
-
4849.0
4820.0
5404.0
12%
5000-5500
05-12-07
Videocon Appliance
Buy
- Stopped out
42.2
32.3
-23%
64-88
14-11-07
RCF
Buy
-
83.7
79.4
96.0
21%
124-168
02-11-07
Nocil
Buy
-
TPB
36.9
37.4
1%
64-89
15-10-07
Ceat
Buy
-
184.3
177.5
209.4
18%
214-264
NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis. TPB: Trailing profit booked
Momentum Calls For the short term—1 to 5 days
Stock
Action
Action date
Stop loss
Price
Closing price
Target1
Target2
NTPC
Buy
25-01-08
219.0
223.7
222.2
230.0
235.0
Reliance Energy
Buy
25-01-08
1,998.0
2,034.0
2,030.2
2,100.0
2,150.0
Sterlite Industries
Buy
25-01-08
Book profits
773.0
800.0
787.0
800.0
Reliance Industries
Buy
25-01-08
2,539.0
2,575.0
2,609.5
2,630.0
2,675.0
India Cement
Buy
25-01-08
Book profits
199.0
210.0
203.0
207.0
L&T
Buy
25-01-08
Profit Booked
3,714.0
3,830.0
3,770.0
3,830.0
Mahindra Life
Buy
25-01-08
709.0
728.0
733.8
745.0
765.0
Petronet
Buy
25-01-08
75.9
75.0
77.2
77.0
79.0
Ranbaxy
Buy
25-01-08
TPB
370.5
374.4
382.0
390.0 222.0
SAIL
Buy
25-01-08
Book profits
214.0
221.0
218.0
India Cement
Buy
25-01-08
TPB
192.0
195.9
197.0
202.0
Aban Offshore
Buy
25-01-08
3,685.0
3,670.0
3,765.5
3,780.0
3,900.0
OBC
Buy
25-01-08
Book profits
260.5
268.0
265.0
270.0
Nifty Future
Buy
24-01-08
Book profits
5,000.0
5,340.0
5,200.0
5,400.0
Reliance Energy
Buy
24-01-08
Book profits
1,835.0
1,924.0
1,860.0
1,890.0
Power Grid
Buy
24-01-08
Book profits
112.5
116.0
115.0
117.0
Dabur
Buy
24-01-08
101.0
99.0
101.8
101.5
104.0
NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis. TPB: Trailing profit booked
For Private Circulation only
Eagle Eye
3
January 28, 2008
Home
Next
Arvind Mills–Buy CMP: Rs53.3 Buy Arvind Mills at the current market price of Rs53.3 with the stop loss of Rs46.3 for the Targets of Rs65 and Rs75.
For Private Circulation only
Eagle Eye
4
January 28, 2008
Home
Next
Day Trader’s HIT List For January 28, 2008 Scrip Name NIFTY Futures
Support Levels S1 S2 5330
5370
Close (Rs) 5404
Resistance Levels R2 R1
Action
5430
Go long above R2,Go short below S2.
5470
................................................................................................................................................................................................................
Adlabs Film
1195
1206
1215
1225
1235
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Century Text
952
960
968
975
983
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
DLF
930
938
945
953
960
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
HUL
195
197
199
201
203
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
ICICI Bank
1273
1284
1295
1306
1308
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Infosys
1500
1511
1521
1532
1544
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
J P Associates
380
383
386
389
392
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Maruti
817
824
830
836
842
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Reliance
2580
2595
2610
2625
2640
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Reliance Capital
2100
2114
2123
2140
2158
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Reliance Comm
658
663
668
673
679
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
SAIL
226
228
230
232
234
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Satyam
398
402
406
410
414
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
SBI
2375
2390
2405
2418
2430
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Tata Motors
700
707
712
717
724
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Tata Steel
702
708
714
720
726
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
To know more about our products and services click here. For Private Circulation only
Home
Disclaimer “This document has been prepared by Sharekhan Ltd.(SHAREKHAN) This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”
For Private Circulation only
Eagle Eye
5
January 28, 2008
Home
Next
Visit us at www.sharekhan.com
Punter’s Call
Rejuvenation Markets on January 25 : Bulls back on street Markets opened on a strong positive note and continued the rally all through the day. The Nifty finally closed near the day’s high, indicating the tremendous strength of bulls over bears. This strong comeback of bulls shows that the markets were in a rejuvenation mood, as the Nifty finally closed with a gain of 350 points. The market breadth was once again dominated by the bulls. The Nifty during the day made a high of 5,398, very close to our short-term target of 5,400. It took resistance at 50% retracement of the entire fall from 6,350 to 4,450, which is around 5,400 level. On the downside, The Nifty has support initially at 5,250 and then at 5,000. On the upside, Nifty may face resistance around 5,600, which is also our short-term target.
Nifty chart: 5383
60 minute chart
On the hourly chart, the momentum indicator KST after touching the signal line towards downside has once again moved up and is continuing its rise indicating the dominance of bulls over bears. We have revised our shortterm target to 5,600 with reversal at 4,780, however the mid-term target of 6,300 with reversal at 4,244 is intact. Strong recovery was witnessed in the entire sugar pack as Bajaj Hindustan was up 31% and Balrampur Chini closed with the gains of 28%. Reality once again was the darling of the market, as Brigade (+31%), Unitech (+17%), HDIL (+12%) and Parsvnath gained (+10%). Metals also contributed heavily to the rally, as Jindal steel rose by 21%, Hindalco (+15%) and SAIL (+15%) also surged. Selective non-index stocks also rallied in this steep recovery as Adlabs Film was up 23% and GMR Infrastructures closed with the gains of 18%. The entire Reliance pack also contributed to the rally.
Market Breadth BSE
NSE
Advances
1,558
912
Declines
1,164
279
36
8
5,144cr
13,382cr
Unchanged Volume (Rs)
For Private Circulation only Sharekhan Ltd A-206, Phoenix House, 2nd Floor, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, India.
Short Term Trend
Target Sensex
19000
Nifty
5600
Trend
Reversal
Support/Resistance
Down below 15900
16000 / 18700
Down below 4780
4800 / 5600
Medium Term Trend
Target Sensex
21000
Nifty
6300
Trend
Up
Reversal
Support/Resistance
Down below 14723
15500 / 19200
Down below 4244
4550 / 6000
Icon guide Down
Downswing matures
Upswing matures
Trendy Levels Sensex
Nifty
Support
Resistance
Support
Resistance
18800 17070
19300 17440
5700 5340
5847 5425
18693 16951
19700 17580
5616 5300
5993 5500
18182 16638
20062 17700
5514 5250
6078 5570
20DSMA
40DEMA
20DSMA
40DEMA
20390 19657
19941 19346
6096 5879
5958 5776
BSE BSE Sensex: Sensex: 18,362 19013
For Private Circulation only
Nifty: Nifty: 5,383 5705
Eagle Eye
2
January 28, 2008
Home
Next
Smart Charts Date
Recommendation
Action
Stop Loss/ Reversal (Intra-day)
Stop Loss/ Reversal DCL
Buy/Sell Price
Closing Price (CMP)
Potential % P/L at CMP
Targets
25-01-08
Arvind Mills
Buy
-
46.3
53.3
53.1
0%
65-75
23-01-08
IDFC
Buy
-
169.0
195.0
209.1
7%
230-270
23-01-08
Ispat
Buy
-
34.9
43.7
46.4
6%
59-78
23-01-08
Alembic
Buy
-
54.6
64.0
67.7
6%
85-104
23-01-08
Hind Oil Expl
Buy
-
79.2
97.0
112.6
16%
124-169
23-01-08
Nahar Inds
Buy
-
83.2
108.0
113.5
5%
150-211
23-01-08
Punj Llyod
Buy
-
387.0
447.0
451.0
1%
525-594
22-01-08
Nifty Future
Buy
-
4849.0
4820.0
5404.0
12%
5000-5500
05-12-07
Videocon Appliance
Buy
- Stopped out
42.2
32.3
-23%
64-88
14-11-07
RCF
Buy
-
83.7
79.4
96.0
21%
124-168
02-11-07
Nocil
Buy
-
TPB
36.9
37.4
1%
64-89
15-10-07
Ceat
Buy
-
184.3
177.5
209.4
18%
214-264
NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis. TPB: Trailing profit booked
Momentum Calls For the short term—1 to 5 days
Stock
Action
Action date
Stop loss
Price
Closing price
Target1
Target2
NTPC
Buy
25-01-08
219.0
223.7
222.2
230.0
235.0
Reliance Energy
Buy
25-01-08
1,998.0
2,034.0
2,030.2
2,100.0
2,150.0
Sterlite Industries
Buy
25-01-08
Book profits
773.0
800.0
787.0
800.0
Reliance Industries
Buy
25-01-08
2,539.0
2,575.0
2,609.5
2,630.0
2,675.0
India Cement
Buy
25-01-08
Book profits
199.0
210.0
203.0
207.0
L&T
Buy
25-01-08
Profit Booked
3,714.0
3,830.0
3,770.0
3,830.0
Mahindra Life
Buy
25-01-08
709.0
728.0
733.8
745.0
765.0
Petronet
Buy
25-01-08
75.9
75.0
77.2
77.0
79.0
Ranbaxy
Buy
25-01-08
TPB
370.5
374.4
382.0
390.0 222.0
SAIL
Buy
25-01-08
Book profits
214.0
221.0
218.0
India Cement
Buy
25-01-08
TPB
192.0
195.9
197.0
202.0
Aban Offshore
Buy
25-01-08
3,685.0
3,670.0
3,765.5
3,780.0
3,900.0
OBC
Buy
25-01-08
Book profits
260.5
268.0
265.0
270.0
Nifty Future
Buy
24-01-08
Book profits
5,000.0
5,340.0
5,200.0
5,400.0
Reliance Energy
Buy
24-01-08
Book profits
1,835.0
1,924.0
1,860.0
1,890.0
Power Grid
Buy
24-01-08
Book profits
112.5
116.0
115.0
117.0
Dabur
Buy
24-01-08
101.0
99.0
101.8
101.5
104.0
NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis. TPB: Trailing profit booked
For Private Circulation only
Eagle Eye
3
January 28, 2008
Home
Next
Arvind Mills–Buy CMP: Rs53.3 Buy Arvind Mills at the current market price of Rs53.3 with the stop loss of Rs46.3 for the Targets of Rs65 and Rs75.
For Private Circulation only
Eagle Eye
4
January 28, 2008
Home
Next
Day Trader’s HIT List For January 28, 2008 Scrip Name NIFTY Futures
Support Levels S1 S2 5330
5370
Close (Rs) 5404
Resistance Levels R2 R1
Action
5430
Go long above R2,Go short below S2.
5470
................................................................................................................................................................................................................
Adlabs Film
1195
1206
1215
1225
1235
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Century Text
952
960
968
975
983
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
DLF
930
938
945
953
960
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
HUL
195
197
199
201
203
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
ICICI Bank
1273
1284
1295
1306
1308
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Infosys
1500
1511
1521
1532
1544
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
J P Associates
380
383
386
389
392
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Maruti
817
824
830
836
842
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Reliance
2580
2595
2610
2625
2640
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Reliance Capital
2100
2114
2123
2140
2158
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Reliance Comm
658
663
668
673
679
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
SAIL
226
228
230
232
234
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Satyam
398
402
406
410
414
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
SBI
2375
2390
2405
2418
2430
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Tata Motors
700
707
712
717
724
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
Tata Steel
702
708
714
720
726
Go long above R2,Go short below S2.
................................................................................................................................................................................................................
*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
To know more about our products and services click here. For Private Circulation only
Home
Disclaimer “This document has been prepared by Sharekhan Ltd.(SHAREKHAN) This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”
For Private Circulation only
Eagle Eye
5
January 28, 2008
Home
Next
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