Intraday Stockpicks - 01/07/2009

SUZLON
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	110	108	114	124
S.SELL BELOW	103	109	98	92
JPASSOCIAT
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	214	210	218	232
S.SELL BELOW	204	211	198	190

INTRADAY STOCKPICKS - 30/06/2009

HDIL
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	267	262	271	278
S.SELL BELOW	260	263	256	249
BAJAJHIND
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	231	224	238	247
S.SELL BELOW	222	225	217	207
GMRINFRA
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	156	150	162	169
S.SELL BELOW	149	151	144	135
AMTEKINDIA
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	43.8	43.2	47	51
S.SELL BELOW	42.6	43.4	39.5	35.5
ERAINFRA
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	115.5	111.5	118	122
S.SELL BELOW	111	112.5	109	102
GVKPIL
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	43.5	42.8	44.5	45.5
S.SELL BELOW	42.5	43.2	42	40.7

Closing Bell - 29/06/2009

Key indices ended on a flat note Monday as traders initiated profit booking in frontline stocks towards end of session. Metals, realty and oil & gas provided support while IT and FMCG stocks ended in red.

NSE Nifty closed at 4386.90, up 11.40 points or 0.26 per cent. The broader index touched an intra-day high of 4439.95 and low of 4350.90.

BSE Sensex ended at 14772.86, up 8.22 points or 0.06 per cent. The 30-share index hit a high of 14955.55 and low of 14685.45 in trade so far.

Gainers on Nifty were Jindal Steel (6.19%), Sterlite Industries (5.59%), Axis Bank (5.46%), DLF (3.9%) and SAIL (3.83%).

Losers comprised Tata Motors (-8.01%), Suzlon Energy (-5.3%), Sun Pharmaceuticals (-3.53%), Tata Consultancy Services (-3.1%) and Idea Cellular (-2.64%).

Market Breadth on BSE remained positive with 1675 advances against 972 declines.

(All figures are provisional)

INTRADAY STOCKPICKS - 29/06/2009

CAIRN
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	235	231	240	244
S.SELL BELOW	230	232	227	220
HDIL
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	253	245	263	275
S.SELL BELOW	243	246	235	220
BARTRONICS
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	182	178.5	188	195
S.SELL BELOW	177.5	180	173	164
NETWORK18
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	128	126	135	144
S.SELL BELOW	125	127	118	109
IFCI
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	55.7	54.7	56.7	57.7
S.SELL BELOW	54.3	55	53.7	51.7
GVKPIL
Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	42	41.5	42.5	43.2
S.SELL BELOW	41.2	41.7	41	40.2

Buy Shanthi Gears, Target 65 - Sushil Finance

Sushil Finance has recommended a buy rating on Shanthi Gears, with price target of Rs 65, in its report dated June 22, 2009.

“On back of the tough business environment, Shanthi has taken measures to revamp and restructure the entire operational and organizational structure, which may lead to scaling down of plant operations, cutting back its personnel and administration costs and a re-look at all the contracts. Shanthi has moderated its capital expenditure plans and may spend only Rs 250-300 million in FY 10. Shanthi has the highest margins in the peer group and the return ratios are also considerably high. Capital intensity in its Business is not very high leading to high cash generation. At CMP of Rs 46, the stock is trading at a valuation of 1.4x its FY11E ABV & 8.4x FY11E Earnings. Buy the stock with target of Rs 65,” says Sushil Finance’s report.

Buy Assam Company, Target 21 - Sushil Finance

Sushil Finance has recommended a buy rating on Assam Company, ACL with price target of Rs 21, in its report dated June 22, 2009.

“ACL is one of the leading producers of the most exquisite, high-quality, premium tea. The Company operates through 17 tea estates and gardens with planted area of about 8644.2 hectares on a grant area of 14663.8 hectares. The average yield per hectare stands at 1983 kgs. The Company manufactures around 17 mn kgs of tea and being a bulk manufacturer, 95% of the operations are undertaken through B2B route. The company also has invested in Austin Exploration Ltd., a company having interest in oil & gas blocks in Australia and USA. The company is expected to deliver very decent earnings growth from oil and gas segment. The stock currently trades at 11x its FY10E fully diluted equity earnings and 1.0x BV. Buy the stock with target of Rs 65,” says Sushil Finance’s report.

Buy GIPCL - Target 130 : IIFL

IIFL has maintained its buy rating on Gujarat Industries Power Co. (GIPCL), with 12-month price target of Rs 130, in its report dated June 23, 2009.

"GIPCL's proposed 250MW expansion has been delayed, and now the management expects to commission unit-1 in 3QFY10ii as against 1QFY10ii, which is reflected in our forecasts. At CMP, GIPCL is trading at 0.9x FY10ii BV and 10x FY10ii P/E. We maintain 'BUY', with 12-month price target of Rs 130," says IIFL's research report.

Nifty sheds 7.2% in four days

Indian markets extended losses on Thursday with the NSE Nifty index losing over 5% or 318 points and the BSE Sensex shedding 6.2% or 947 points in last four trading sessions.

The Sensex dropped 257 points or 1.7% to end at 14,265 after touching a high of 14,630 and a low of 14,188. The index had opened at 14,503 against the previous close of 14,523.

The NSE Nifty declined 104 points or 2% to shut shop at 4,251.

Among the BSE Sectoral indices BSE Realty index was the top loser declining 5.2%, followed by the BSE Metal index down 4.4%, BSE Power index down 3.6%, BSE Capital Goods index down 3.6% and BSE PSU index down 3.2%.

In the Sensex, the major losers were, ACC, JP Associates, Tata Steel, Grasim, NTPC, Hindalco, ONGC, Reliance Infra, L&T and BHEL. SBI, Sun Pharma, Tata Motors, Infosys, Bharti and TCS were the gainers among the 30-components of Sensex.

Outside the frontline indices, the top loser included Aban Offshore, Max India, GMDC, Moser Baer, Bhushan Steel and Ispat Industries. Among the big gainers in the broader market were Mphasis, Marico, TTML, IDBI Bank, Biocon, GVK Power, Andhra Bank and OBC.

Technical Views on CIPLA

Cipla has made a triple top between 255-260 levels. Once it manages to cross 260 one can buy it with for a target of 280.

Buy Tata Steel on dip with a SL of Rs 410: Nirmal Bang

MUMBAI: Nirmal Bang has advised traders to buy Tata Steel on dip with a stoploss of Rs 410.
“Buy Tata Steel on dips with stoploss of Rs 410. Resistance is seen at Rs 445 and if it maintains above Rs 445 then next target is Rs 470,” said the technical note.

(Source: ET)