DAILY VIEWS ON NIFTY & STOCKS - 09.11.2010 (Tuesday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6297 against its previous close of 6296, and is currently trading at 6316. It has so far recorded a HIGH of 6334 & a LOW of 6286. Asian cues are mixed, US futures are in red, and European markets may open little changed today. The trading range for NF today is likely to be 6280-6350 in yet another day of range bound trade. Nifty consolidation continues in preparation of a certain surge beyond its life time high in a few days.

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Nifty Intraday Trade

11.34am: Bought nifty at 6269. Target 6340/6350. SL 6249.

3.21pm: Booked out at 6330. Gain 61 points.

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Short Term Stock Recommendation

1.30pm: BUY Nitesh Estates now at 41.30. Target 50 by 30.11.10.

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DAILY VIEWS ON NIFTY & STOCKS - 08.11.2010 (Monday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6339 against its previous close of 6325, and is currently trading at 6294. It has so far recorded a HIGH of 6340 & a LOW of 6291. Asian cues are mixed, US futures are in red, and European markets may open little changed today. The trading range for NF today is likely to be 6270-6340 in a range bound trade. Nifty is likely to consolidate its recent gains for a few trading days before charging up to surpass its previous life time high.

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Portfolio Trade

11.45am: Bought 150 shares of HATSUN AGRO PRODUCTS @ 109.30 under Normal Portfolio.

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Diwali Gift to this Blog Members - Hatsun Agro

HATSUN AGRO PRODUCTS LTD, FV 2, CMP 109.30, 52 weeks High 130.50, 52 Weeks Low 96.25, Downward Risk 10% Max. Target 220 next Diwali & 330 Diwali 2012.

The company is in the growth line of dairy products, marketing the No 1 South Indian brand of ice cream of "ARUN". It has also other branded milk & milk products like "AROKYA" milk, "Hatsun Komatha" milk, "Hatsun" brand of other products like curd, butter, ghee, badam milk, etc. The company has also started exporting the products in a small way.

The company has achieved annual turnover of 1000 crores for the last 2 financial year, and is poised to record even higher turnover in the years to come. Its strategy of marketing the products through parlours is helping them to achieve the brand image without much advertisement expenses. People living in Tamil Nadu may be aware how popular the brands of this company are.

The company has recorded a N/P of 5.55cr & 5.41cr for the Q1 & Q2 of the current financial year on the equity of 6.79cr, and is expected to achieve EPS of 6 on a FV of 2, even after slight dilution of equity expected in a month or two due to compulsory coversion of debentures.

My target for this share is 220 next Diwali, and 330 around 2012 Diwali.

BUY this share as Diwali Gift to your family members.

MUHURAT TRADING SPECIAL - 05.11.2010 (Friday)

Nifty Life Time High Today?!?!?

1.30pm: I have been saying that nifty would see 6300 in November, and that it will record its new life time high within a maximum of 2-3 weeks of Deepavali.

God! It appears nifty will give Deepavali Gift to all those who are long by recording a new life time high in Muhurat trading itself.

Nifty is all poised to surpass its previous life time high in today's Muhurat Trading, but profit taking could step in as most of the players would like to book profit in the very first trading day of their traditional accounting year.

Here is a reproduction of my 15.10.2010 post:

Quote

Will Nifty record a New Life Time High in the current Rally?

15.10.2010/12.30PM: Will Nifty record a New Life Time High in the current rally OR will it form a Double Top around its previous Life Time High, and fall into a long term bear phase with deep correction? This is the question in every body's mind.

My Answer: Nifty is already in its lower side of a LONG TERM BULL PHASE which has just begun. No question of deep correction. We will only see periodic healthy correction caused by profit taking. All such corrections will be bought into with higher liquidity. What we are seeing right now is normal profit booking by current short term players coupled with those investors who so far were dormant and like to book profit in their counters which so far were in red.

Dont part with any of your investment stocks. Do keep on adding under valued shares. Pl tune in to this blog for knowing which are the under valued shares.

Unquote

FIFTYPOINTSADAY WISHES ALL ITS MEMBERS/VISITORS A HAPPY DEEPAVALI, AND ALSO A PROSPEROUS YEAR AHEAD.

kadiyali.

DAILY VIEWS ON NIFTY & STOCKS - 04.11.2010 (Thursday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6245 against its previous close of 6191, and is currently trading at 6285. It has so far recorded a HIGH of 6299 & a LOW of 6222. Asian cues are positive, US futures are just flat, and European markets may open in positive today. The trading range for NF today is likely to be 6222-6320. Nifty will make all the preparations today so as to enable it to trade above 6300 tomorrow in the Muhurat trading.

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FIFTYPOINTSADAY WISHES ALL ITS MEMBERS/VISITORS A HAPPY DEEPAVALI!!!

NIFTY RIGHT NOW IS BURSTING THE CRACKERS!!!

DAILY VIEWS ON NIFTY & STOCKS - 03.11.2010 (Wednesday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6184 against its previous close of 6155, and is currently trading at 6196. It has so far recorded a HIGH of 6205 & a LOW of 6180. 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 6180-6230 in a range bound trade. Positive bias will continue till Muhurat trading.

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DAILY VIEWS ON NIFTY & STOCKS - 02.11.2010 (Tuesday)

Nifty Futures 11am Call

11am: Nifty Futures opened today at 6156 against its previous close of 6152, and is currently trading at 6148. It has so far recorded a HIGH of 6149 & a LOW of 6133. Asian cues are positive, US futures are in green, and European markets may open little changed today. The trading range for NF today is likely to be 6130-6210. Nifty is in a consolidation mode, and will not give up its recent gains till a new life time high is done with.

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Intraday Nifty Trade

11.36am: Bought nifty at 6142. Target 6200. SL 6109.

3.19pm: Booked out at 6154. Gain 12 points.

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Short Term Stock Call

11.54am: BUY Mahindra Satyam now at 79.40. Target by 20th Nov is 100.

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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.