Nifty September 2012 futures closed at 5707.05 on Friday

Nifty September 2012 futures closed at 5707.05 on Friday at a premium of 15.90 points over spot closing of 5,691.15, while Nifty October 2012 futures were at 5728.85 at a premium of 37.70 points over spot closing. Nifty September futures saw an addition of 0.26 million (mn) units taking the total outstanding open interest (OI) to 22.14 mn units. The near month September 2012 derivatives contract will expire on Thursday i.e. September 27, 2012.

 

From the most active contracts, Tata Motors September 2012 futures were trading at a premium of 0.65 at 275.75 compared with spot closing of 275.10. The number of contracts traded was 19,458.

 

BHEL September 2012 futures were trading flat compared with spot closing of 232.30. The number of contracts traded was 18,241.

 

Tata Steel September 2012 futures were at a premium of 0.80 point at 410.40 compared with spot closing of 409.60. The number of contracts traded was 17,651.

 

Reliance Industries September 2012 futures were at a discount of 0.50 point at 852.05 compared with spot closing of 852.55. The number of contracts traded was 16,423.

ICICI Bank September 2012 futures were at a premium of 2.35 point at 1068.90 compared with spot closing of 1066.55. The number of contracts traded was 28,834.

MARKET VIEW AND STOCK

The market has reacted slightly on account of reverse political development against reform initiative taken by the government recently which is unlikely to sustain any longer because the parliament is not in session, which can upheaval govt.enstance.

Any impact of Mamta Banerjee withdrawing support may on the contrary help the UPA Govt. to think for an alternative strategy.

The Market in view of this will regain its strength after a short while.

ARVIND LTD : The stock of Arvind Ltd had made a high of Rs.114/- which was sharply corrected to a low of Rs.65/- on account of strike in one of its units in Ahmedabad for a short duration.

The stock is still highly under-priced looking its excellent future being the leader in denim and higher export. The company has started paying dividend after the break in last few years.

Arvind is also diversifying in real estate in collaboration with Tata on its vacant land which will further boost its bottom line. At current market price of Rs.72/- it is good to buy.

Ashok Leyland:- The company is a leader in manufacturing heavy vehicle sectors like bus and trucks which is in good demand.

The company has recently introduced light weight vehicle namelyDost which has received a good response.

The stock which had recently hit Rs.34/- was corrected by 40%. The stock @ Rs.21/- to Rs.22/- is a good buy for 50% gain in next few months.

 

FROM : G S Roongta (Senior Analyst)

HINDALCO IND LTD.

Earlier I had strongly observed that the Market which made a bottom on 20th dec,2011 is now going up systematically making higher top and higher bottom ever since.

On Friday, the Market burned back to a 14 months high with BSE Sensex closed higher at 18465 and CNX Nifty to hit close to 5600 despite technical analysts remain confused guiding bearish view whenever market experienced correction of a rise.

Several stocks on Friday had hit to a new 52wk high with signals for further rise. Bold reforms initiated by the government boosted the market sentiment which was followed by positive global clues such as US fed’s new stimulus package to buy $40Billion of mortgage assets every month till the unemployment outlook improves.

The stock market has now entered into higher orbit and the stock which has been most sluggish will start attracting value buying. Among such stocks there is one stock namely HindalcoInd Ltd.

My earlier eye recommended Tata Steel stock  @ Rs 385/- which has already spurted to a high of Rs.405/- on Friday,14^th Sep.2012.

HindalcoInd Ltd is a giant company belongs to  Aditya Birla Group with its interest in aluminium in domestic and outside with large integrated facilities right from mining to value added products.

The financial performance in 2011-12 has been outstanding both at the stand alone and consoledatedturnoverl was Rs 80820 Cr. and net profit was Rs.3397 Cr. On equity capital of Rs 192 Cr. With an EPS of Rs.17.74 on Rs 1/- paid up share is highly commendable with extra ordinary reserves of Rs.31300 Cr. Which translate into higher book value of Rs.165/- which is highly under priced. The company has however better prospects with a future capex plan of nearly Rs 20,000/-Cr. In hand to be completed in next two years. To sumup the stock looking to the strong fundamentals with a merit of blue chip company should be traded double the book value that is to over Rs 300/-, but sadly speaking the stock is available @Rs118/- as on Friday 14^thsep 2012.In my view the stock can hit Rs 200/- gaining 70% on year on year basis from the current market price of RS 110/-.

From: G S ROONGTA (SENIOR ANALYST)

TATA STEEL AND ELECON

Among such blue chip stocks in “A” group the stock namely Tata Steel is currently at 52 weeks low and looks good candidate to spurt significantly higher. Investors in view of this may keep in mind that Tata Steel is the top most company under Steel sector and the leader of Steel in the country and abroad with combined highest capacity of nearly 20 million tons in coming years and have all chances to give 40% to 50% gains to those investors who will hold this stock in their portfolio on YOY basis.



           Another stock which is very under price in capital goods sector is Elecon Engineering which had hit 225 as all time high for rupees to paid up 5 years before and is currently available at Rs 45 which has capacity to double in a year no longer the government takes initiative to spur investment in trade and industry with higher allocation of funds. This price of Rs 45 is despite of the company delivered year after year good results and paying higher dividend as pay out.



From­:-  G.S.Roongta

       (Senior analyst)

VIEW ON MARKET

             The Indian stock market which has exhibited side-ways fluctuation in range bound trading ever since September 2010 making bottom on 20^th December 2012 in an ongoing bullish trade.

             The market experts an technical analysts has since been mostly bearish giving their guidelines mostly towards lower closing expecting the market to visit to a low of March 2009 with BSE Sensex at 9500 but it has proved extremely night mare as Sensex has keep on moving between 15 to 18000 range during this period with which traders have got ample opportunity to consolidate their portfolios.

              The Stock market ever since 20^th December 2011 has given enough opportunity to consolidate itself giving clear signal to make higher top and higher bottom.

              The BSE Sensex has now crossed at its rock resistance of 18000 giving clear signal that it is now in mood to cross all its upper resistances till it hits all time high of January 2008.

             Several stocks both in blue chip and mid cap have achieved much lower prices and they all are now set to spurt significantly higher.

From­:-  G.S.Roongta

             Senior analyst

TODAYS PERFORMANCE - 12-09-2012

INTRADYA CALLS :

 BUY APOLLO TYRES IN (FO) WITH STOPLOSS 93 , CMP 98.30 AND TRG 101 .... FIRST TRG ACHIVE PROFIT : 10800

POSITIONAL CALLS:

WE RECOMMED ON 11-09-2012 BUY TATA MOTORS AND TATAMOTORS DVR WITH STOPLOSS OF 243 AND 143. CMP 250 AND 149.OUR TRAGET 260 AND 160 ONLY.            SEE TODAY 5% UP AND WE WILL CALCULATE AS PER ONLY 100 SHARES THAN PROFIT IN TATAMOTORS -1300 AND DVR - 1000 ONLY .

WE RECOMMED BUY APPAPER ONLY 100 SHARES AT CMP 342 WITH STOPLOSS 330 TRG 370 .....

AND SEE THE HIGH OF 372 BUT WE SAID TO BOOK PROFIT AT 368 ONLY.... PROFIT 2600 ONLY.

TOTAL PROFIT OF TODAYS: - 15700 ONLY...

OUR BTST CAL ARE BUY RCOM-51.60 AND MCX - 1392

BLISS GVS PHARMA LTD



AS WE SEE THAT DIVIDEN IS GROWING SO I THINK THAT ONE SHOULD BUY THIS STOCK FOR DELIVERY IN HIS PORTFOLIO FOR 2-3 MONTHS . AS IF STOCK IS NEAR 52 WEEK HIGH THAN ALSO ONE SHOULD BUY THIS STOCK AND MAKE SOME RISK FREE PROFIT.....