Market at Cross Roads

Markets had lost all the crucial supports and experts are predicting deeper correction.
However, they are in extremely oversold territory and in the last leg of F&O expiry. Hence a rebound is on cards. The rally may be used for getting out of long positions, as the trend may become bearish for short term players.
Correction can be used an opportunity for fundamentally strong scrips at lower valuations.

Havells, EIL already charting high !

Our todays themes Havells & EIL had spiked in the morning trades itself. More gains expected for patient investors.

Themes for 27 th-29th Jan 2010

Markets all over the world went into a tailspin during the last 4-5 trading sessions, and Indian Market was no exception. The Nifty lost more than 250 points and closed at a weak technical position around 5007.

However, I feel that the market is ripe for a fast recovery as the markets are near the oversold levels & F&O expiry is round the corner. Traders can buy beaten down stocks for quick profits on short covering. The shares which had shown strength in the weak market are worth looking for medium term investments. A high risk contrarian call on L&T [Buy] for trading for 1-3 days may be considered after carefully analyzing the market, on signs of recovery.

Shares of Havells India, Sical, Bharathi Airtel, Idea Cellular, and Engineers India may be considered for short to medium term investments.

Golden Picks in last 10 days!

Our Golden PICKS IN THE PAST 10 DAYS:
1-Hindustan Copper
2-Engineers India
3-Infosys Tech

Engineers India, Hind Copper On Fire!

EIL & HIND COPPER CONTINUE THEIR STUPENDOUS GAINS TODAY ALSO. PROFIT TAKING ADVISED AT THE SIGN OF ANY WEAKNESS, AND PROTECT YOUR POSITIONS WITH STOPLOSSES.
CHENNAI PETRO & BEML ARE ALSO INCHING FORWARD, AND EXPECTED TO STRENGTHEN.

Hind Copper Sky Rockets !!

Our two days old buy- Hindustan Copper recommended at around 367 had alreaded zoomed to Rs.440.00 now!

Hindustan Copper Surges

Our buy call Hind Copper has a hit a high of Rs.404 today, against a buy price of Rs.366.9.

Engineers India on Upper Freez!

Our buy call EIL had clocked 20% surge to day to be frozen on upper band. Current Price is at a whopping Rs.2082 !

Engineers India Surpasses Target Well in Advance

Engineers India's One Month Target of Rs.1750.00 given on 11.1.2010 surpassed within 3 days! A sure hit call.

Fetching Excellent Returns

Engineers India surges to peak of 1790 TODAY; An almost Rs200 increase from purchase price!

BEML jumps to 1155, a decent appreciation from 1137 levels.

Ranbaxy touches 520.9, AGAIN A Rs.10 JUMP FROM PURCHASE PRICE.

Madras Cements Touches Rs 139.6, a Rs.10 JUMP FROM PURCHASE PRICE.

Infosys is steady after huge run in past 2 days.

PLEASE BOOK PROFITS ON PROFITABLE POSITIONS.

Market Close

Markets had recovered from today's losses and closed with reasonable gains.
Our today's Recommendations had done well with the following Improvements

1]Ranbaxy- Recommended at 511- Present Value-516- +1.0%
2]Madras Cements Recommended at 130-Present Value-137.4- 5.7%
3]Chennai Petro- Recommended at Rs.234-Present Value- 234.4

It may be recalled that our catch 2 days back- Infosys has surged its way near to 2700 mark- all the way from the pick up price of Rs.2465.00, A gain of +9.1%

Engineers India Had also done extremely well in todays trade.

Await for Tommorrows Pick in this spot!!!

Review

Our Day's recommendation Madras Cements hits a day High of Rs.133.80 and Ranbaxy Rs-516.75.

Infosys hits a high

Infosys at Day's High-Rs.2639.00

Review of Recommendations

Our Buy Calls Infosys & Engineers India are going Strong. BEML also shows a lot of strength & had hit a high of Rs.1156 just now. Ranbaxy & Chennai Petro are expected to improve further.

Market Close

Markets Closed very weak, but two of our recommendations had done extremely well ie Infosys and Engineers India. Both closed extrmely strong.

Other recommendations - BEML hit a high of 1157, Suzlon a high of 95.6 and Garware Wall Ropes a high of 72.5- Not a bad deal.

Infosys

Infosys on a roll. Book Profits on my buy call.

Engineers India

We recommended this for today. The share has hit a high of Rs.1669 in morning trades itself.

Infosys

Infosys had posted better than expected results & the stock is on fire! It had appreciated 5% or Rs.120 in two days with our recommendation. Happy investing for those who had acted on our tips!!!

Stock Ideas for 12.01.2010

1] Stock – Garware Wall Ropes
CMP- 71.75
Target- 80.00 [ One Week]
Stoploss- 67
Clue- Stock Hits 52 Week High on 11.1.10
2] Stock –BEML
CMP-1137
Target-1250 [ One Month]
Stoploss- 1090
Clue- Run up to the Rail Budget
3] Stock –Engineers India
CMP-1630
Target-1750 [ One Month]
Stoploss- 1590
Clue- Stock Surpasses 52 Week High on 11.1.10 with ease.
4] Stock –Suzlon Energy
CMP- 94.6
Target-105 [ 2Week-1 Month]
Stoploss- 91
Clue- Big Positive News from China

Review of Earlier Recommendations

Review of Recommendations Given on 11.1.10. Please book profit in all the positions
Prices as on close of 11.1.10

1] Stock- Unitech- Recommended Price-86.5- Current-90.4 -+4.6 %

2] Stock -Hindustan Copper- Recommended Price-360.9-Current-380- +5.2 %

3] Stock – NTPC- Recommended Price-230-Current-233- +1.3 %

4] Stock -Infosys Technologies- Recommended Price-2465-Current-2488-+ 0.93 %

5] Stock -Reliance Industries- Recommended Price-1102-Current-1081- [-1]1.9 %

Investment Ideas on 11.1.2010

Stock- Reliance Industries
Buy at CMP-1102
Targets-1135, 1200, 1240 [two weeks to three months]
Stoploss-1078
Clue- LB Deal

Stock- Infosys Technologies
Buy at CMP-2465
Targets- 2550 [One week]
Stoploss-2380
Clue- Stock oversold, Q3 Results on 12.1.2010

Stock- NTPC
Buy at CMP-230
Targets-240, 250, 265 [ One week to two months]
Stoploss-224
Clue-FPO Issue in February


Stock- Power Grid Corporation
Buy at CMP-114
Targets- 130 [One month]
Stoploss-107
Clue - NTPC FPO Issue in February

Stock- Hindustan Copper
Buy on declines- CMP-360.9
Targets- 380-410-450 [One month to three months]
Clue - Copper prices on a surge

Stock- Unitech
Buy at CMP-86.5
Targets- 92-96-104-110-115 [One month to three months]
Stoploss-78
Clue - Real Estate flavor is back, Stock coming out of consolidation