Monday, November 1, 2010

DAILY VIEWS ON NIFTY & STOCKS - 01.11.2010 (Monday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6105 against its previous close of 6043, and is currently trading at 6141. It has so far recorded a HIGH of 6146 & a LOW of 6090. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 6090-6210, and nifty will no doubt trade in green for the full session, and will close the day with a handsome gain of 100+ points, and NF will hit 6200 in the latter part of the day.

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Portfolio Trade

12.44pm: Bought 500 Lanco Industries @ 63 under Normal Portfolio.

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BUY Lanco Industries for a target of 120

LANCO INDUSTRIES, FV 10, CMP 63, 52-Week High 79.75, 52-Week Low 42.50.

The company established 1992 is a diversified player in DI Spun pipes, pig iron, cement & power. From a turnover of Rs 335cr in 03/2006, it has recorded a steady annual grown every year to record a turn over of Rs 710 cr in 03/2010. The last year annual N/P was Rs 57.94cr against equity of 39.76 cr. A consistent dividend paying company.

Though margins have been under pressure due to over capacity & competition, the management of late has been successful in reducing interest cost by better fund management. The last quarter (09/10) NP was 20.43 cr giving a quarterly EPS of more than 5.

BUY at cmp 63 for a target of 120.
Posted by at

19 comments:

  1. neelimaNovember 1, 2010 at 11:01 AM

    Sir...Plzzz guide me regarding...Indian Metals and Ferro Alloys....holding few of them. is it a hold or swap it too. dont know d buy levels as i inherited it.

    ReplyDelete
  2. GANESH PLNovember 1, 2010 at 11:03 AM

    GM Kadayali sir and neelima...

    ReplyDelete
  3. neelimaNovember 1, 2010 at 11:14 AM

    Hi Ganesh...Very Good Morning.

    ReplyDelete
  4. ramsfmNovember 1, 2010 at 11:17 AM

    Dear sir,

    I have taken ABAN NOV FUT long@802.5/-, Would like to carry positional trade,

    Can you give levels on this shares for both support and resistance

    ReplyDelete
  5. neelimaNovember 1, 2010 at 11:31 AM

    Kadiyali Sir...holding NIFTY from 6063 levels...wud it b safe to continue holding it or book out now nd re enter...wud market give a chane to do that is d question.

    ReplyDelete
  6. kadiyaliNovember 1, 2010 at 11:45 AM

    Ramesh, hold Aban futures. You will get 900+ in Nov.

    ReplyDelete
  7. kadiyaliNovember 1, 2010 at 11:47 AM

    Neelima, hold your Indian Metals & Ferro Alloys since you have inherited the same.

    ReplyDelete
  8. ramsfmNovember 1, 2010 at 11:47 AM

    Thanks sir..

    Would you advice to take long on SUNTV also

    ReplyDelete
  9. kadiyaliNovember 1, 2010 at 11:48 AM

    Hi All,

    My next recommendation of a stock for investment is LANCO INDUSTRIES. FV 10, CMP 63.05. Target 120 by 15.04.2011.

    Detailed report will follow.

    ReplyDelete
  10. neelimaNovember 1, 2010 at 11:49 AM

    OK Sir

    ReplyDelete
  11. kadiyaliNovember 1, 2010 at 11:51 AM

    Ramesh, retracement of price after good quartely report suggests temporary position built on the stock gets liquidated, and there is no matching buy orders. It had happened in the case of India Glycol last quarter, and the same may happen for Sun TV & Subex.

    Both the above shares can be bought on dips for a target of at least 50% appreciation from the current level within 3 months.

    ReplyDelete
  12. neelimaNovember 1, 2010 at 11:55 AM

    Kadiyali Sir...what may b the right levels to enter Subex??
    Congrats....Ashthavinayak is rocking !!!

    ReplyDelete
  13. GANESH PLNovember 1, 2010 at 11:56 AM

    Sir,

    Current market price suntv & subex can i buy or wait for dip to add...

    ReplyDelete
  14. kadiyaliNovember 1, 2010 at 12:08 PM

    Ganesh, buy small quantity of sun tv & subex immediately if you dont already hold, but definitely go on adding on every dip from current levels.

    ReplyDelete
  15. GANESH PLNovember 1, 2010 at 12:16 PM

    OK Sir... i will do it...

    ReplyDelete
  16. BIPINNovember 1, 2010 at 12:22 PM

    kadiyali sir,
    Please guide me regarding my holdings to be swapped.. waiting..

    thanks n regards
    bipin

    ReplyDelete
  17. NitinNovember 1, 2010 at 1:47 PM

    hi Kadiyaliji,

    I bought LANCO INDUSTRIES 200@63.
    Thanks you for the guidance.

    Vicku.

    ReplyDelete
  18. neelimaNovember 1, 2010 at 2:40 PM

    Sir...plzz reply....r there still chances of NF hitting 6200 today itself ??

    ReplyDelete
  19. GANESH PLNovember 2, 2010 at 7:48 AM

    GM Kadiyali Sir,

    Thanks for your detailed analysis of Lanco Ind....Keep it up your good work...

    ReplyDelete

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