тАв Vol. I тАв Issue :17 тАв Date : 22-6-2008 to 28-6-2008 тАв Editor : Devlaxmi Joshi тАв Asso.Editor : Narendra Joshi тАв Mobile:9825065387 тАв тАвтАв Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 тАв Phone : 27451449 тАвтАв INVESTMENT GUIDE 13 ANTARYAMI TECHNICAL VIEW 3 SUMIT BILGAIYAN NET PROFIT 6 MEGHA MARKET MAY RECOVER MARKET PANICS : FROM LOWER LEVEL HOLD ON Last week we have seen good start from Monday and Tuesday but in the middle of the week amid of several negative factors like soaring crude oil prices, political uncertainty,weak global cues and sustained FII selling and lastly inflation figures wrecked the market.The two key indices-BSE Sensex and Nifty struck their lowest level of calander 2008 of 20,June 2008. Inflation rose to 11.05% in the 12 months to 7 June 2008.The rate was above market expectation of about 10% rise. This figures was the highest in 13 years since 6 May 1995 when it sas 11.11%. Next week will be crucial for the market as there are many events toeffect tjhe market . The market will closely watch the policy statement of the US Federal Reserve to guage the outlool on US interest rates.The FED is expected to keep interest rates unchanged in their forthcoming meeting on 24-25 June 2008.Rising crude oil remains a major worry as India imports close to 70% of its crude requirements. The oil prices has surged about 40% in this calander year so far.The Continue on ...3 The market suffered a few major blows during the past week. a Major blow was on friday, when on announcement that the inflation figure was 11p05 per cent, the sensex took a heavy beating, gains down b y m o r e t h a n 500 points. More important, the Sensex and Nifty breached 15000 and 4450 levels respectively decisively. Both these levels was considered to be strong support levels for these indices, and as these have been broken, the market can be expected to open lower on Mon- day, and there have been other developments which point to this. The Dow Jones closed down 230 points on Friday after our market closed. And it closed below 12,000 after a ong time. Secondly, Mayavati h a s withdrown support to the UPA Government. This can give rise to further political instability. All these point to a weak Monday. But if you are a long term investor, there is no need for you to panic. Just wait for some time and all will be well. BEARS READY FOR EVEN IF MONDAY TURN TO BE A BLACK MARKET WILL FIND SOME THE KILL-21/06/2008 MONDAY, BUYING AT BOTTOM LEVELS Please watch out there's a BEAR Attack on the way. Kids, you all have seen the Bull Run; now starts the real adult show when the Bears attack with all its ferocity and kill the remaining Bulls, who have still survived. THIS IS THE BEAR MARKET & IT IS HERE TO STAY. dreadful as the market will crash and go into a tailspin. Those who advocate buying at lower levels are advised to go on a vacation for the time being, because bottom formation will become elusive and everytime, you think that the bottom is in Whatever has hap- -SHOBHA pened un- Email : til now is n o t h i n g [email protected] as com- SHAHENSHAH OF FINANCIAL JUNGLE pared to what lies in store in the place, that bottom will be near future. The future is Continue on ...11 You have seen turmoil since last crucial level for the market. ary on 22 nd when Sensex was four weeks. We have given data closed 15332 and Nifty finally of Sensex and Nifty rested at 4448. This was during last two weeks Email : [email protected] short and medium term in our Gujarati article. support for the indices. We had given our Close below this level views that market is means we have encounweek and moving totered short as well as wards bottoming out medium term Bull Run. for the year 2008.If you Falling below this level look at the weekly Inmeans we have entered dices data, it reveals into bear face. This is on that during last 5 weeks simple logic, however, Sensex has fallen ...3029... It is vital support for the short if we talk about Technical asPOINTS and Nifty has pect, data may vary fallen..881....points. little. Common invesOn 02-May-2008 STOCK INDICES tor is not concern Sensex was 17600 and with technical data Friday close is 14571. 13-June-08 20-June-08 ┬▒ but have interest only While Nifty was 5228 in knowing where we and dipped up to 4347 BSE are heading now. 15189..62 14571.29 -618.33 on 20 June 2008. Last NSE 4517.10 4347.55 -169.55 Friday close is really a We have discussed mater of worry because current Bull Run , at It has closed below January term which has broken on Fri- length , in our Gujarati article of Crash. We feel that this is the day. Look at the crash of JanuContinue on ...5 2 Sensex, Nifty broken January-2008 lows and closed at 10month low Friday was the worst day for Indian Stock Markets since the beginning of this year. Investors chucked stocks to survive the snowballing threat of a possible monetary tightening by Reserve Bank of India to rein in soaring inflation. The key benchmark indices plummeted over 3% to end at their lowest level in 10 months after the latest data showed a surge in inflation to 13-year high early this month. The market breadth was extremely weak due to widespread selling. All the sectoral indices on BSE ended in the red. Oil & gas and realty stocks declined sharply. As per provisional data, foreign funds today, 20 June 2008, sold shares worth a net Rs 999.31 crore. Domestic funds bought shares worth a net Rs 563.86 crore. Despite heavy buying from domestic funds,Sensex slumped 516.70 points or 3.42% at 14,571.29, its lowest closing since late August 2007. The index shed 568.72 points at the day┬вs low of 14,519.27 hit at the fag end of the trading session today. The Sensex gained 114.02 points at the day┬вs high of 15,202.01, hit at the onset of trading session. The broader based S&P CNX Nifty was down 157.70 points or 3.48% at 4347.55, its lowest closing level since August 2007. Nifty June 2008 futures were at 4343, a discount of 4.55 points compared with the spot closing. NSEтАЩs futures & options (F&O) segment turnover was Rs 58533.66 crore, which was higher than Rs 42696.18 crore on Thursday, 19 June 2008. The Sensex is down 6635.48 points or 31.28% from a record high of 21206.77 it hit on 10 January 2008. It is down 5715.70 points or 28.17% in calendar year 2008 so far. The market breadth was poor on BSE with 450 shares advancing as compared to 2247 that declined. 43 remained unchanged. The BSE Mid-Cap index outperformed the Sensex, falling 3.17% to 6,032.43. The BSE SmallCap index underperformed the Sensex, sliding 3.43% at 7,397.66. India┬вs second largest cellular service provider by sales Reliance Communication (RCom) slipped 6.65% at Rs 491.30. South African mobile giant MTN remained silent on its talks with the company at its annual general meeting (AGM) in Johannesburg on Thursday, 19 June 2008. The AGM was expected to discuss RCom merger deal especially in the back drop of the Reliance Industries┬в claims over first right of refusal for a controlling stake in RCom. IndiaтАЩs largest aluminium producer by sales Hindalco Industries slipped 6.37% at Rs 161 after its board approved raising up to Rs 5000 crore by way of a rights issue to redeem a bridge loan it had taken for acquisition of Novelis Inc. The other major losers from the Sensex pack were, Jaiprakash Associates (down 6.03% at Rs 166.60), Reliance Infrastructure (down 4.92% at Rs 962.55), Bharti Airtel (down 4.76% at Rs 766.40) and Tata Steel (down 4.66% at Rs 777.60). IndiaтАЩs top state-run oil explorer by market capitalisation ONGC rose 1.56% at Rs 866.85. It was the only gainers from the Sensex pack. The BSE Oil & gas index underperformed the Sensex, sliding 5.03% to 9,419.89. Reliance Natural Resources (down 7.27% at Rs 82.95), Essar Oil (down 6.62% at Rs 225.80), and Cairn India (down 5.69% at Rs 267.60), slumped. IndiaтАЩs largest private sector firm by market capitalisation and oil refiner Reliance Industries lost 6.61% at Rs 2096.60. RIL has a highest weightage of 15.80% in Sensex. Stocks of the interest rate sensitive sectors such as automobiles, realty and banking dropped after the inflation data. Bank of India (down 7.36% at Rs 247.90), State Bank of India (down 4.11% at Rs 1,247.50), and HDFC Bank (down 1.93% at Rs 1,099), were the key losers from the banking space. The BSE Bankex outperformed the Sensex, falling 2.97% to 6,804.78. IndiaтАЩs largest private sector bank by assets ICICI Bank lost 2.48% at Rs 734.65. ICICI Bank has a third highest weightage of 8.11% in Sensex. The Realty index underperformed the Sensex, falling 4.45% at 5,383.81. Housing Development & Infrastructure (down 9.17% at Rs 528.15), Sobha Developers (down 6.66% at Rs 360.95), Indiabulls Real Estate (down 5.91% at Rs 354.05), Unitech (down 2.12% at Rs 184.60) and DLF (down 4.57% at Rs 456.35), tumbled. Realty developer Parsvnath Developers lost 6.28% to Rs 152.10 after the company reported 17% fall in net profit to Rs 108.87 crore in Q4 March 2008 over Q4 March 2007. Automobile sector stocks lost steam fearing that a tight monetary policy may compel banks to raise lending rates which in turn would hurt demand for automobiles. TVs Motor Company (down 5.19% at Rs 32.85), Hero Honda Motors (down 4.01% at Rs 759), Tata Motors (down 2.82% at Rs 488.85), Maruti Suzuki (down 2.51% at Rs 727.80) and Mahindra & Mahindra (down 0.22% at Rs 575.20), declined. India┬вs second largest software exporter by sales Infosys Technologies shed 1.74% at Rs 1827.60. Infosys has a second highest weightage of 8.76% in BSE Sensex. Sundaram Clayton, which resumed trading today on BSE, fell 57.92% at Rs 282.55. It opened at Rs 324 and touched a high of Rs 397.80 in early trade. Reliance Industries clocked the highest turnover of Rs 387.31 crore on BSE. AnuтАЩs Laboratories (Rs 263.72 crore), Niraj Cement Structurals (Rs 233.67 crore), Reliance Capital (Rs 233.25 crore) and Reliance Petroleum (Rs 201.16 crore), were the other turnover toppers on BSE in that order. Reliance Natural Resources reported a highest volume of 1.32 crore shares on BSE. IFCI (1.27 crore shares), Niraj Cement Structurals (1.16 crore shares), Reliance Petroleum (1.15 crore shares) and Chambal Fertilizers & Chemicals (1.07 crore shares), were the other volume toppers on BSE in that order. European markets were trading lower. Key indices in UK, Germany and France were down by 1.07% to 1.43%. Some of the indices were trading in positive terrain earlier. Asian stocks were mixed today. The key benchmark indices in Hong Kong, China and Singapore were up by between 0.31% to 3.01%. Key benchmark indices in Japan, Taiwan and South Korea were down by between 0.23% to 1.81%. US stocks rose Thursday, 19 June 2008, as a drop in oil prices fueled investor optimism about consumer spending, driving shares of transportation and retailers sharply higher. The Dow Jones Industrial Average gained 34.03 points or 0.28% to 12,063.09. The tech-laden Nasdaq Composite Index rose 32.35 points or 1.33% to 2,462.06. US crude for July delivery settled down $4.75, or 3.48%, at $131.93 per barrel on the New York Mercantile Exchange on Thursday. It lost further to $131.71 today as ChinaтАЩs surprise move to increase fuel prices sparked worries about a curb in demand from the worldтАЩs second largest consumer. The sharp fall in oil price came just days before an emergency meeting on Sunday, 22 June 2008, in Saudi Arabia between oil consumers and producers to discuss rising oil prices. Saudi Arabia, the worldтАЩs top oil exporter, is hiking output to help bring down prices, which have jumped nearly 40% this year and caused protests around the globe. Heavy and consistant fall in the market during last three days is due to political worries which pull market down based on fear that withdrawal of suport from Left front can shake UPA Government. Bears struck back with a vengeance on the bourses today after a sharp rally in the past two days. 22-6-2008 to 28-6-2008 Bears used the ploy of weak European markets and deferral of a crucial UPA-Left coordination committee meeting on Indo-US nuclear deal scheduled today, to bring share prices down. The decline followed a range bound movement on the bourses for a better part of the day till early afternoon trade. News of deferral of the UPA-Left meet on nuclear deal hit the market in afternoon trade. Banking and IT stocks bore the major brunt of selling. FMCG stocks rose on defensive buying. Media reports had suggested that the government would try to persuade the communists in todayтАЩs meeting to at least allow it to conclude negotiations with the International Atomic Energy Agency (IAEA), a crucial step in putting the deal into effect. The nuclear deal, if finalised, will meet some of IndiaтАЩs energy needs. The 30-share BSE Sensex lost 274.59 points or 1.75% at 15,422.31. The index shed 306.68 points at the day┬вs low of 15,390.22 hit at the fag end of the trading session. At the day┬вs high of 15,789.62, Sensex gained 92.72 points in early trade. The broader based S&P CNX Nifty was down 70.6 points or 1.52% at 4582.40. Nifty June 2008 futures were at 4561.40, a discount of 21 points compared with the spot closing. As per provisional data, foreign funds today sold shares worth a net Rs 435 crore. Domestic funds bought shares worth a net Rs 193.64 crore. Reports of good monsoon in the first half this month, higher advance tax paid by key Indian corporates, and cooling off of oil prices from record high had boosted the battered bourses in the past two day. Sensex had risen 507.28 points or 3.33% to 15696.90 on Tuesday, 17 June 2008 from its close of 15189.62 on 13 June 2008. The barometer index is down 5784.46 points or 27.27% from a record high of 21206.77 it hit on 10 January 2008. Slowdown in corporate earnings caused by moderation in economic growth and increase in risk aversion globally due to credit crisis in the United States, has triggered a massive fall on the Indian bourses this year. Coming back to todayтАЩs trade, the market breadth, which was strong in early trade, turned weak later as mid-and small-cap stocks lost ground later in the day. On BSE with 1254 shares advanced as compared to 1402 that declined. 75 remained unchanged. The breadth. The BSE Mid-Cap index down 0.63% to 6,359.79 and BSE Small-Cap index was down 0.08% to 7,775.29. BSE clocked a turnover of Rs 6160 crore as against Rs 5,337.45 crore on Tuesday, 17 June 2008. NSEтАЩs futures & options (F&O) segment turnover was Rs 47440.71 crore, which was higher than Rs 42624.38 crore on Tuesday, 17 June 2008. India┬вs biggest drugmaker by sales Ranbaxy Laboratories advanced 2.88% to Rs 598.20 on reports Japanese drug-maker Daiichi-Sankyo may revise the open offer price for minority shareholders if US drug major Pfizer launches a counter offer. The stock rose on heavy volume of 40.8 lakh shares on BSE. In a major development announced after trading hours today, 18 June 2008, Ranbaxy Laboratories said it has reached a comprehensive settlement over disputes with Pfizer, clearing the way to launch generic version of the US firmтАЩs cholesterol drug Lipitor. The settlement covers the United States, Europe, Canada and Australia. Banking stocks witnessed massive selling pressure after rise in past two sessions. IndiaтАЩs largest private sector bank by assets ICICI Bank fell 4.25% at Rs 785.35. ICICI Bank has a third highest weightage of 8.18% in BSE Sensex. Axis Bank (down 5.16% at Rs 753.25), HDFC Bank (down 4.23% at Rs 650.25), and State Bank of India (down 2.61% at Rs 1,350.90), slipped. The BSE Bankex underperformed the Sensex, falling 3.45% to 7,306.44. The BSE IT index underperformed the Sensex, sliding 2.39% to 4,333.94. HCL Technologies (down 4.41% at Rs 279.40), Satyam Computer (down 2.44% at Rs 472.50), TCS (down 2.27% at Rs 900.50), Wipro (down 1.94% at Rs 484.85), declined. India┬вs second largest software exporter by sales Infosys Technologies fell 2.49% at Rs 1,865.70. Infosys has a second highest weightage of 8.80% in BSE Sensex. Cement stocks were in demand. Ambuja Cements (up 4.80% at Rs 90.65), ACC (up 0.88% at Rs 643.20), and Grasim Industries (up 2.38% at Rs 2229.10), rose. Some cement makers have reportedly paid higher advance taxes in the June 2008 quarter, hinting at the possibility of brisk business in the current fiscal. Realty stocks tumbled. The BSE Realty index underperformed the Sensex, falling 3.50% to 5,885.78. Indiabulls Real Estate (down 6.07% at Rs 397.90), Sobha Developers (down 3.36% at Rs 395.45), Unitech (down 3.31% at Rs 200.25), and DLF (down 2.68% at Rs 492.35), slumped. IndiaтАЩs largest private sector firm by market capitalisation and oil refiner Reliance Industries (RIL) fell 1.96% at Rs 2283.50. RIL has a highest weightage of 15.76% in BSE Sensex. India┬вs second largest cellular services provider Reliance Communication rose 0.42% to Rs 527.95. As per reports, Anil Ambani is considering buying more than 40% in South Africa-based MTN. The stock had lost 2.42% to Rs 530.20 on Tuesday, 17 June 2008 from Rs 543.35 on Friday, 13 June 2008, after RIL on Friday, 13 June 2008, claimed first right of refusal to buy a controlling stake in Reliance Communication (RCom). RCom, controlled by Anil Ambani, is in exclusive talks with South AfricaтАЩs MTN for a tie-up that could create a top-10 global telecoms firm. Drug maker Plethico Pharmaceuticals rose 2.75% to Rs 384.80 on reports the company plans to acquire a US-based nutraceutical company for about $80 million to $100 million. Auto lubricants maker Tide Water Oil was locked at upper limit of 5% at Rs 4040.40 on reports Reliance Industries, French oil giant Total, US oil giant Chevron, Hinduja group and Keventer group have evinced interest in bidding for Andrew YuleтАЩs stake in the firm. IT soulutions provider Cambridge Solutions was locked at upper limit of 20% at Rs 57.80 on reporting net profit of Rs 17.18 crore in Q4 March 2008 as compared to net loss of Rs 1.65 crore in Q3 December 2007. AnuтАЩs Laboratories clocked the highest turnover of Rs 643.25 crore on BSE. Reliance Capital (Rs 286.03 crore), Ranbaxy Laboratories (Rs 245.66 crore), Reliance Industries (Rs 211.08 crore), and Reliance Petroleum (Rs 163.08 crore), were the other turnover toppers on BSE in that order. AnuтАЩs Laboratories reported a highest volume of 1.49 crore shares on BSE. Ispat Industries (1.39 crore shares), Chambal Fertilizers and Chemical (1.30 crore shares), Reliance Natural Resources (1.27 crore shares) and IFCI (1.14 crore shares), were the other volume toppers on BSE in that order. European markets, which opened after Indian market, were trading lower. Key indices in UK, France and Germany were down by 0.25% to 1.17%. Asian markets, which opened before Indian market, were trading higher. Key benchmark indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were up by 0.19% to 5.24%. US market closed lower yesterday, 17 June 2008, following a warning from Goldman Sachs that banks may need to raise another $ 65 billion to tide over the credit crisis. The news rippled through the market, offsetting any positive impact from GoldmanтАЩs earnings. The Dow Jones industrial average plunged 108.78 pints, or 0.89%, to 12,160.30. The S&P 500 index declined 9.21 points, or 0.68%, to 1,350.93, while the Nasdaq composite index lost 17.05 points, or 0.69%, to 2,457. US crude oil futures fell further on Wednesday, 18 June 2008, after settling lower for a third day in a row on Tuesday, 17 June 2008, on expectations Saudi Arabia will soon boost output. Frontmonth US crude for July delivery was down 65 cents, or 0.49%, at $133.36 a barrel on the Globex electronic trading platform. Narendra Joshi [Assocoate Editor] 22-6-2008 to 28-6-2008 3 MARKETS MOVING INTO OVER SOLD ZONE Bse Sensex(14571.29) and Nifty(4347.55) closed approximately 4% down each last week .Higher inflation at 11.3 v/s 8.75 brought some worries.Market will take cue from political developments.Support for Sensex is 14100 and for Nifty 4220. Resistance level of 15200 for Sensex and 4550 for Nifty.Markets are in oversold zone and selective buying will be visible at every decline. Nifty put-call ratio is 1.22 and highest open interest is build up at Nifty 4100 put option.Birla Jute and Parshvanath added significant open interest while Chambal Fertilizer and Renuka sheded the open interest. Strategy for Future & Option players 1)ONGC(867)-Lot Size-225 LAST WEEK SENSEX GRAPH TREND BULLET Narendra Naynani (M)9898162770 [email protected] Month Strike Price 900 @9.85 Premium Received by selling call=225*9.85==2216.25 Rs. Maximum Profit-900867=33*225=7425+2216.25=9641.25 Maximum Loss=Unlimited Trading Idea 1)GTC IND(150.90)Buy this stock in decline and trade.. Buy One Lot of ONGC@867 and sell Call Option Of June 2)NITCO(149.3) Buy this stock in decline and trade. TREND OF MAJOR STOCKS STOCK TREND NO OF DAYS Weekly Monthly Trend Trend ICICIBANK.NS Bearish 1 Falling Flat! INFOSYSTC.NS Bearish 1 Falling Flat! ITC.NS Neutral 1 Falling Flat! MARUTI.NS Bearish 1 Falling Flat! RELIANCE.NS Bearish 1 Falling Flat! SAIL.NS Bearish 1 Rising Flat! SATYAMCOM.NS Bearish 1 Falling Flat! SBIN.NS Neutral 1 Rising Flat! TATASTEEL.NS Bearish 1 Falling Flat! TCS.NS Bearish 1 Falling Flat! Useful Technical Figures for major stocks MFI=MONEY FLOW INDEX RSI=RELATIVE STRENGTH INDEX ADX=DIRECTIONAL MOMEMNTUM INDEX STOCK ICICIBANK.NS INFOSYSTC.NS ITC.NS MARUTI.NS RELIANCE.NS SAIL.NS SATYAMCOM.NS SBIN.NS TATASTEEL.NS TCS.NS CLOSE 732.95 1827 198.4 728.35 2099.2 154.15 455.4 1330 813 863.85 Sumit bilgaiyan is technical & fundamental analyst. He has vast experience in the stock market last 6 years.He is regularly writing article and daily columns in Leading News papers in Gujarat. He also does PORTFOLIO ADVISORY SERVICES. E-mail: [email protected] Mobile-+91 09755261070 MFI-21 42.75 59.53 41.4 29.08 27.54 39.82 55.64 24.57 53.99 55.45 RSI-14 37.84 46.98 38.7 42.62 31.47 41.19 39.57 36.1 43.53 38.74 ADX-14 17.9 17.61 19.74 14.38 28.13 22.73 17.72 46.67 19.42 20.68 In last week we see a negative trend in market continuously increase in inflation are also give the bad effect for market for coming week again expected some volatile trend in market for coming week market is high volatile we expected some volatile coming in next week For coming week sensex important Support is at 14050 weekly basis sensex resistance is at 1470014850-14980 above this next important resistance is at 15150 if sensex closes above this level then next target for sensex is at 15280 on weekly basis sensex support is at 14350-1422014100 below this level next support is at 14050 for weekly basis nifty resistane is 43904480--4560 above this level next resistance is at 4590 on weekly basis nifty support is at 4300-4220--4150 below this level next support is at 4080.for next week strategy in f&o once an sell nifty future jun with a weekly target of 4250 in down side strong support is at 4220 if this is break then next support is at 4150 keep a stoploss of 4410 expected volatile trend see in market in next week. STOCK FOR THIS WEEK Intern conve -Buy at current levels with a upper target of 260 to 280 it has important support is at 230 below this level next support is at 225 if it break the level of 225 then we see some fall in intern conv take stoploss of 232 Ckoramaa cem--looking explosive on chart buy at current lev- OBITUARY Death is uncertain, Partition of beloved is always painful. May Lord make the deased soul rest in eternal peace. LkiLkt rAL├Л├ВL├нk ├╛тАаkr├╜, LkiLkt ├Лnr├нk ├Гkk├░f:> Lk [iLkt ├╡├╖u├Л├ЮL├нkk├Гkku, Lk ├╛ku┬╗k├Юr├нk {k├Б├нk: > Bipinchandra Jayashankar Bhatt Nikhil Bipinchandra Bhatt, Mrs. Sejal Nikhil Bhatt MRS. JAYSHREE BEN Sunil Bipinchandra Bhatt, Deepak Bipinchandra Bhatt BIPINCHANDRA BHATT & Bhatt Family, Narendra Joshi & BIRTH 28-04-1951 DEATH 16-06-2008 The Economic Revolution Family els at 55 it has strong support is at 50 keeping a stoploss of 51 on weekly basis take a target of 60 above 61 it will zoom upto 65. Riba textile-This stock are look- SENSEX ing good for coming week there is upside potentional till around at 98 and down side strong support 84 keep a tight stoploss of 85 on weekly basis take a target of 96. Swaraj mazd- Buy at current levels with upper target 350 it has important support at 312 below this level expected some bearish trend take a stoploss of 320 F&O STOCK WEEKLY ONGC fut-Buy at 866 with a stoploss of 845 with a target of 882 above this next target is 888 in coming days CAIRN fut -Buy at 267 with a target of 288 with a tight stoploss 255 below 255 expected some bearish trend in cairn. HPCL fut -Buy at lower levels considering 194with a upper target of 202 with a stoploss of 185 SONATA SOFTWARE Sonata Software, headquartered in Bangalore, India, is a leading IT Consulting and Services company. Sonata's customers span across the US, Europe and AsiaPacific. Its portfolio of services include IT Consulting, Application Development, Application Management, Managed Testing, Business Intelligence, Infrastructure Management and Outsourced Product Development. Sonata is listed on the Indian Stock Exchanges and is SEI CMM Level 5 certified. Sonata's strength lies in leveraging innovation and a global onsite-offshore delivery model to provide the best Return on Investments for its clients. Their Centers of Excellence built around the latest technologies, are focused on proactively building competency and providing cutting-edge solutions to our customers. Sonata today is USD 198 mil- lion (FY 06-07), and growing. As one of India 's leading software services company, they have maintained strong fundamentals with zero-debt (ZERO DEBT???!!!). If nobody else, at least their employees believe in the prospects of the company, with12% (FY 06-07) ownership. With a market cap of 350Cr, a PE of 10, EPS of 3.17 and BV of 16.98 the share price of this company has been floating between Rs 30 to Rs 40 in the last two months. Dont be fooled, the face value of this company is 1 ie the share price would be Rs 335 currently of FV 10. Their operating profits have been increasing by an average of half-a-crore every quarter to 12.33 Cr Dec 07 (9.50, 10.25, 10.77, 10.86, 12.33). Net profit currently stands at 9.75 Cr. Buy at 30 with a long term target 50 stoploss 20 22-6-2008 to 28-6-2008 4 On Monday(23.06.08) at opening bell, U can buy Rungta Irrigation-530449. It is likely to be a multibagger in long term though it is in тАЬZтАЭ group. Shares are in D-Mat Form. Since last 3-4 days it was in upper ckt,though market is going down and down. Only long term players and those want to take risk can buy this scriptтАж..This script will give unbelievable returns in long termтАжтАж..Put your limit everyday if upper ckt opensтАж.. Last Week we had clearly told u that if nifty future breaks 4456 then it may come to 4333тАж.and index can come to 14747тАжтАжтАжSee our predictionтАжтАжтАж. Index had touched 14519.27 and nifty future had touched 4316 as a lowтАжтАжтАжтАжWhat else u want?? In a starting of last week, our stock future IF BSE INDEX BREAKS 14343 THEN IT MAY TOUCH 14184, 14036тАжтАж..U CAN BUY THERE NIFTY FUTURE IF BREAKS 4309 THEN IT MAY TOUCH 4267, 4204тАжU CAN BUY THERE recommendation has fulfilled our all target before moving downwardтАжтАжтАжlike chambal from 90 to 98, RPL from 178 to 186, RNRL from 89 to 96, R Power from 186 to 197, Telco from 500 to 527, Bhel from 1545 to 1613тАжтАжтАж.Superb profit in few days onlyтАжтАж From Our Delivery based recommendationтАжтАжDeccan Aviation from 102 to 117, Hind Oil from 127 to 135, Aptech from 210 to 234, Assam Co. from 28 to 31, RNRL from 90 to 96, Surya Pharma from 101 to 123, Hind.copper from 256 to 297, Zensar from 136 to 146, TFL from 19 to 26, Rungta From 19 to 24тАжтАжтАж.Superb and healthy profit even in тАУve marketsтАжтАжтАж Still our reco. Of SEL MFG given to u all at Rs. 465/- & it had hits a high of 611.40 on Friday even in -516 pts down market. Our paid clients has bought AnuтАЩs lab at Rs. 264/- Closing Price 14571.29 Support 14184 Stoploss 14036 Target 1 14572 Target 2 14696 Target 14817 Nifty FutureтАЩs Prediction for Week (23.06.08 To 27.06.08) Index Nifty Closing Price 4343.00 Support 4267 Stoploss 4204 Target 1 Target 2 Target 3 4343 4409 4449 Nifty FutureтАЩs Hot Scripts for Week (23.06.08 To 27.06.08) Sr. No. 1 2 3 4 5 Company Name Tata Tea ONGC Mphasis Cummins Sterling Bio Closing Price 746.35 865.85 237.45 263.65 197.00 Stoploss Target 1 Target 2 Target 3 725 847 226 252 190 709 828 212 240 185 758 879 245 269 204 774 892 254 277 210 Since April we are constantly giving u Continue on ...10 Weekly TradingтАЩs Hot Scripts for Week (23.06.08 To 27.06.08) Sr.No. 1 2 3 4 5 BSE Index Prediction for Week (23.06.08 To 27.06.08) Index BSE just 10 days back and lookkkkkkk in just 10 days it had moved to Mind-blowing Rs. 456/-тАж.What else anybody wants in this kind of volatile and тАУve marketsтАжтАжтАж Company Name JSW Steel Suzlon M&M NTPC ACC Closing Price 1000.00 244.80 573.00 163.20 627.00 Stoploss 980 232 559 156 609 Target 1 964 223 547 150 598 Target 2 1017 253 586 169 640 Target 3 1034 264 598 175 654 For Delivery Based Investment Hot Midcaps/ Smallcaps for Week (23.06.08 To 27.06.08) Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Company Name Rungta Irrigation TFL Hind.Copper Ramratna Wire GSPL United Phos EPC Ind. Solectron Minda Ind. Sky Ind. DCM Shriram GVK Power Swaraj Mazda Ushdev Inter Hitech Plast Bse Code 530449 532812 513599 522281 532702 512070 523754 532956 532539 526479 523369 532708 505192 511736 526217 Closing Price 24.05 24.05 269.80 45.90 59.85 315.00 37.90 132.85 312.05 58.60 111.95 41.35 333.40 93.50 82.00 Target 1 Target 2 Target 3 21.60 231.00 40.80 55.00 302.00 34.00 122.00 299.00 53.00 103.00 36.80 317.00 86.00 76.00 30 32 309 48 62 322 40 138 320 63 115 43 341 98 86 37 39 343 52 65 329 44 145 328 67 121 47 353 103 93 BUYING MAY SEEN AT LOWER LEVELSтАж.BE STOCK SPECIFIC ONLY IN SHORT TERM 1) MARUTI ( 746.50 ) :- In this scrip near term support at 743 and buy with the stop loss of 736 on the upper side first target is 752 then Rs. 757 - 762 to 768. 2) LINCO INFRA ( 386.85 ):- In this scrip near term support at 383 and buy with the stop loss of 376 on the upper side first target is 391 then Rs. 395 - 398 to 405 . near term support at 498 and buy with the stop loss of 492 on the upper side first target is 508 then Rs. 513 - 519 to 525. near term support at 403 and buy with the stop loss of 396 on the upper side first target is 411 then Rs. 416 422 to 428. 6) TIATAN (1069.20 ) :- In this scrip near term support at 1062 and buy with 8) BAJAJ HOLDING. ( 490.20 ) :In this scrip near term support at 485 and buy with the stop loss of 478 on the upper side first target is 494 then Rs. 499 - 505 to 512. 9) IBULLS ( 332.65 ) :- In this scrip near term support at 327 and buy with the stop loss of 318 on the upper side first target is 336 then Rs. 341 - 345 to 350. 3) TATA TEA ( 746.15) :- In this scrip near term support at 742 and buy with the stop loss of 735 on the upper side first target is 750 then Rs. 754 - 760 to 764. 4) BOMBAY DYING ( 712.15 ) :In this scrip near term support at 708 and buy with the stop loss of 702 on the upper side first target is 716 then Rs. 723 - 728 to 734. 5) TELCO ( 503.05 ) :- In this scrip the stop loss of 1053 on the upper side first target is 1075 then Rs. 1083 1089 to 1097. 7) VSNL .( 408.60 ) :- In this scrip 10) INFO EDGE. ( 988.45 ) :- In this scrip near term support at 982 and buy with the stop loss of 975 on the upper side first target is 993 then Rs. 998 - 1002 to 1011. 11) CENTURY TEX. ( 595.55 ) :In this scrip near term support at 591 and buy with the stop loss of 585 on the upper side first target is 601 then Rs. 606 - 612 to 616. 12) BHEL ( 1423.15 ) :- In this scrip near term support at 1417 and buy with the stop loss of 1408 on the upper side first target is 1429 then Rs. 1436 - 1442 to 1456. 13) JET. ( 540.85 ) :- In this scrip near term support at 535 and buy with the stop loss of 527 on the upper side first target is 544 then Rs. 550 - 557 to 562. 14) BEML. ( 945.25 ) :- In this scrip near term support at 938 and buy with the stop loss of 931 on the upper side first target is 952 then Rs. 959 - 964 to 970. 15) BHARTI AIR. ( 804.7 ) :- In this scrip near term support at 798 and buy with the stop loss of 790 on the upper side first target is 809 then Rs. 814 - 820 to 827. Continue on ....2 22-6-2008 to 28-6-2008 Bull run in crude oil and bounce back in stock market Stock Market-As per Astro-technical calculations this week is represents by figure 24 and as per finical numerology figure 24 is ruled by Venus and there will be combinations of Mars with Saturn in Leo and sun with Venus in Mithun rashi. All these combinations and conjunctions may lead to bounce back from lower levels in Indian stock market. Of Course it is very difficult to predict when Indian stock market all most at lowest levels of year 2008. My advance predictions about blood bath in Indian stock market once again proved correct previous week. Nifty levels also have gone correct. Hope readers must have enjoyed a bit by reading unique like pharma, real state, infrastructure, power , capital goods oil and Gas sector are looking attractive to buy at lower levels with the view of mid term investment. Speculators may avoid big trading with the view of down ward corrections. Investors may keep eyes in RIL, RPL, REL CAPITAL, SBI, LT , CENTUARY TEXTILES BOMBAY DYING ETC for investment. This is time to provide some incentive to foreign investors, and institutional investors in India. I will appreciate if Govt Nifty Level Nifty support levels: (1) 4311 Nifty Resistance levels (1) 4388 advance predictions. I am thankful to all those who called me up on phone or sending mails for appreciations for advance predictions of stock market and commodity market. Your feed back gives more and more energy and motivations to writer to maintain pace of writing. Thanks very much for your appreciations and motivations. As per Astro-calculations this week may provide a light in dark to bulls. Some bounce back expected in Indian stock market. Although today (20 June 2008) timing around 3,15 pm Sensex has been shown 530 points minus and nifty around 155 points minus every where blood only blood is being seen in Indian stock market. I have dared to write base on astro calculations about bounce back this week (23 June 2008 to 27 June 2008). Because Financial astrology is above any kind of greed and panic. Let us pray for best of Luck to stock market. Financial astrology says that this week some buying interest may be seen in selected sectors (2) 4266 (3) 4210 (2) 4450 (3) 4510 provide some relaxations in investment at these junctions. 5 Kotak Bazar Conti. from ....1 this week. We does not touch this subject at the same length in this issue but within next two three days, we will post our entire Technical logic on the web site. However, we shall take current details of current rally which started from Sensex level of 2595 and Wave-5 completed at 12671. Then after we had seen correction till 8799 on 14-062007. This was retracement on Fibonacci Chart termed as correction within the current Bull Run in long term chart. We shall take current rally stared from 8799 which made Top of 21206 adding total 12407 points during the rally and then after fresh correction is ongoing. We do not drag you in leg counts Waves etc but trying to present data in simple language. Now, what can be the bottom ?????? Within this bull rally ? This is the main question asked by most of the investors. Technically, in a broader sense once sensex hit 13539 , we can term ernment to withdraw support. It can shake UPA government. Stock market always like stable government and political stability is the highest concern of any stock market across the globe. Current develops in this regard are very serious. Monday market may react negative to this issue. However, we feel that once bottom is found within the week or so, market may see some gains and value buying. Mon- day is very crucial for the market. Fear amongst the traders and brokers is that if market open weak and hammering and selling pressure emerge, market may hit lower circuit or say can fall heavily. In such a scenario we advise traders to avoid buying in initial stage. In case market crash, no one get selling and shorting opportunities. You just can watch only. However, you can have chance of bottom fish- Commodities Crude Oil: As per stars crude oil is expected to show volatility trend this week. Crude oil resistance levels US$ 139 to per barrel and support levels USD 128 or 122 per barrel in world future market. Up ward movement is expected during week. Stars say this week may dedicate to crude oil bulls sudden one side upward movement is expected in world future market. Crude oil Bears may hedge their short positions this week of predictions. Metal- Copper and Nickel may show upward movement in spot and future market during the week Profit or Loss for You This week may bring fortune for Mesh and Varshik rashi, Singh Rashi may also be benefited during this week. Now stars may start favoring them in trading as well as at demotic fronts. it as correction is over. It is seen that retracement has not taken its full swing in all corrections. However, this is the level we can say correction is over and on the other side, if sensex fall below this level, Bear market trend can also be confirmed. We, therefore, believe that we are on very crucial threshold. We have seen some catalyst triggering sell of in the recent past like Inflation which knock 13 years high levels, threatening support withdrawal from Left front to UPA government, Crude oil prices scaling higher and higher and little slow down in economy. Most vital point for the sentiments of the market can be Left front warned UPA gov- ing. This week we do not give any weekly tips due to sentiment of the market being UN stable. However, once Monday and Tuesday are passed, we will post our views and buying opportunities on the web site of The Economic Revolution. One shall watch the web site. One more Negative point for Indian as well as global market is Dow breaking 12 K level. WE had feared in our last week issue of The Economic revolution , Gujarati Edition that US market is on the verge of stamping Bear market soon and DOW was predicted breaking sentimental 12K level.. Friday Dow was 220 point down closing below 12000 levels. We could not post our views in English version of the issue. However, one can read Gujarati version to get idea about our views on Indian as well as global markets. It is useless to discuss support and resistance for Monday and for the week.. When sentiments are heart, we shall watch maximum bottom that can be hit. But we also believe that every cloud has silver lining. Once sensex bottomed out, traders and investors can start strategically buying and also pick stock of their choice for their portfolio. While we talk about likely crash and bottoming out, we also want to caution all of you that whatever pulls back rally and technical bounce back may be seen after likely bottoming of sensex, may not survive for a longer period. You shall take this opportunities to exit and book profits at every rise. Market will enter into consolidation for little longer period and after 3-6 months market will resume its up trend again once political stability finds its way and Inflation start falling. Final trigger to push the market up would be Crude oil prices falling below 122 and finding its way to stable between 101-117 USD/BBL only. Till Crude oil rates are above 117 USD / BBL, sharp fall in inflation can not be expected. In sum, we warn all of you to stay away from holding long. Take calculated risk and enter slowly with low volume. Try to exit and book profits at every rise and weekly resistance levels. Be careful till all three points discussed above are normalized. ( Crude oil prices, Inflation and political stability). We are here and market will go nowhere is the motto to be kept in mind. 22-6-2008 to 28-6-2008 6 WEEKLY REPORT CARD Market Commentary by SHARAD KOTAK [23rd to 28th June 2008 ] Date : Jun-20-2008 (Evening) THE HEIGHT OF POSSIBILITY! Sensex-11192.46 which was in august 2006 Results of Jun 2 0 0 8 quarters will c o m e good. Nifty future-3896.90 which was in April 2007 Mcx gold-8739 which was on august 2007 A d vance tax has b e e n grown by 40% in the aprilj u n Us dollar-43.44 which was on April 2007 Mcx crude oil-3765 which was on February 2008 (DonтАЩt panic on this, this is just result of analysis and it may or may not possible) SENSEX-in the last weekly report strong resistance given at 15500 and index made high of 15732 and it start its journey to fill the gap of 14455. 2008 quarters. Previously we have told that index has broken triangle of 2163 points and last week report told that тАЬthis is only pull back rallyтАЭ and it has follow our words. NEGATIVE FOR MARKETS- Before completing this triangle index has strong support levels at 14455 and 13780. Reserve banks steps toward rates can affect to topline and bottom line as well as expansion plan of corporate. While resistance are 15390-15600. Cpm may pull down the government. NIFTY FUTURE-in the last week report strong resistance of weekly charts given at 4654 and index made high of 4658 for blink and just crashed 342 points. THINGS TO WATCH OUT- If you have carefully read our article then you could have made at least 300 points earning. Reserve bank of India will meet on 29th june 2008 to review the quarterly monetary policy. We have also given alert on Friday that index has made тАЬisland reversalтАЭ and index will hit 4254 тАУrest is the history after inflation. DonтАЩt forget we have also told about тАЬtriangle тАЬof 616 points in this case nifty will slide to 4040. OTHER MATTER тАУ Before completing this triangle index has strong support at 4252-4191-two close below 4191 will take to 4040. While resistance are 4460-4556-4627. TABLE OF IMORTANT LEVELS: INDEX Sensex nifty fu SUPPORT 14455 13780 4254 4191 RESISTANCE 15390 15600 4460 4556 4627 STRATEGY тАУ- there is meeting of federal reserve on 24-25-dow jones technically looks weak-Indian index are entering in to oversold zone on Bollinger bands-rbi may take action before the meeting which is on 29 of the month-reliance group is entering in to oversold zone-looking at the all situation it is batter to do day trading-we will send messages to our 3500 subscribers in all India. Continue selling by fiis, rising inflation, political uncertainty. Federal Reserve will meet for two days meeting about the rates on 24-25 Jun 2008-we expect rates will be unchanged. Federal Reserve will start rising the interest rates. Reserve bank will take its actions to keep inflation in control. Indian market faced the blood bath today during the trading session and closed in deep red with BSE Sensex reached to its lowest in 2008 due to the high inflation figure that increased more than expectation and reached to 13 year high to stood at 11.05% for the week ended 7th June 2008 as against 8.75% in earlier week. Interest rate sensitive sectors suffered most on the expectations that RBI may announce some measures to curb inflation, like a hike in interest rates. The domestic market opened on positive zone on the back of favorable global cues but it was not able to sustain the momentum and soon slipped to extremely negative territory since initial bell. Stocks were hammered further to close in deep red. Political uncertainty in country also added to the negative sentiment as CPM threatened the UPA to withdraw its support if government moves forward with the deal. Government is planning go ahead to Nuke deal without the Left consent. All indices closed in negative and metal and oil & gas stocks were most unfavorable as most of selling was seen in these baskets. The market breadth was extremely negative as 2,247 stocks closed in red and 450 stocks closed in green. Cement (4.71%), Tata Steel (4.66%) and DLF Ltd (4.57%). The BSE Sensex closed lower by 516.70 points at 14,571.29 and NSE Nifty ended down by 156.70 points at 4,347.55. The BSE Mid Caps and Small Cap closed negative with fall of 197.74 points and 262.76 points at 6,032.43 and 7,397.66 respectively. The BSE Sensex touched intraday high 15,202.01 and intraday low of 14,519.27. Losers from the BSE are Rel Com Ltd (6.65%), Reliance (6.61%), HIndalco (6.37%), JP Assoc (6.03%), Rel Infra (4.92%), Bharti Airtel (4.76%), Ambuja The Banking index closed down by 208.40 points at 6,804.78. Losers are BOI (7.36%), Bank of baroda (6.24%), Indian Overseas Bank (5.78%), OBC (5.50%), SBI (4.11%), Allahabad Bank (4.08%) and Union Bank (4.06%). The Metal index closed lower by 603.80 points at 14,528.06. Losers are NALCO (6.75%), Hindalco (6.37%), Ispat Indus (5.61%), Tata Steel (4.66%), Sesa Goa Ltd (4.59%), Jindal Steel (4.52%), and Gujarat Nre C (3.52%). The Oil & Gas index closed down by 498.96 points at 9,419.86. As Reliance Nat Res (7.27%), Essar Oil Ltd (6.62%), Reliance (6.61%), Cairn India (5.69%), Reliance Pet (5.19%) and Aban Offshore (4.57%) closed in negative territory. The Capital Goods index dropped by 267.90 points to close at 11,399.79. Major losers are Praj Indus (6.30%), Kir Oil Eng (5.74%), Seimens Ltd (5.21%), Kirloskar Br (4.83%), Crompton Geaves Ltd (4.72%) and Alstom Proje. (4.68%). The Reality Index closed lower by 250.79 points at 5,383.81. Losers are Housing Devel (9.17%) along with Akruti City (7.14%), Sobha Dev (6.66%), Parsvnath (6.28%), Penl;and Ltd (6.17%) and Ansal Infras (5.80%). The Pharma index dropped by 101.52 points to close at 4,325.40 as Nicholas Pira (7.93%), Fortis Health (6.73%), Sunpha Adv (6.26%), Aurbindo Pharma (5.73%) and Matrix (5.34%) closed in negative territory. GLOBAL MARKET: Dow Jones- we have told blood bath below 12095 and send message to mobile subscribers that last support is 11990 and rest is history. Now index has strong multiple support at 11635-if fed comes out with positive surprise then expect bounce in that case it will strong resistance of 12200. NASDAQ тАУwhat was written in last week report? Below 2439 all USA traders will become crazy to short and rest is history In the next few days index has strong support at 2391-2385 below that it will slide to 2348-2328 While on up side strong resistance at 2439-2456. Nikkei- strong resistance of 14569 three close will take to 15000. MATTERS TO KEEP IN MIND: While trading we need to keep following matters in mind some national and international matters will affect the market a lot so donтАЩt look to charts only look to external things also. Index has strong support on intermediates charts at 13896 two close below will take to 13612-13222. POSITIVE FOR MARKETS- Shanghai-support at 2677, resistance at 3140. Hang sang-strong support at 2309821472, resistance at 23546. BONUS DECLARED IN LAST FEW DAYS COMPANYNAME RATIO IMP FINANCE BANK OF RAJASTHAN LARSEN & TOUBRO JM FINANCIAL KAMANWALA HOUSING CONSTRUCTION SUNDARAM FINANCE OPTO CIRCUITS INDIA HOUSING DEVELOPMENT & INFRASTRUCTURE ARO GRANITE INDUSTRIES KAASHYAP TECHNOLOGIES ELF TRADING & CHEMI. MANUFACTURING SESA GOA BIOCON IL&FS INVESTMENT MANAGERS THAKKER'S DEVELOPERS CG IMPEX GUJARAT MINERAL DEVELOP. CORPORATION SILICON VALLEY INFOTECH 1:01 1:05 1:01 2:03 1:01 1:01 7:10 2:07 1:02 1:06 3:01 1:01 1:01 1:02 1:01 2:01 1:01 1:02 3:1 MEANS, 3 BONUS SHARES FOR ONE SHARE HELD XBONUS DATE NA NA NA NA NA NA NA NA NA NA 20/06/08 NA NA NA NA NA NA NA 22-6-2008 to 28-6-2008 7 GRAND SALE OF COMPANY DEFECTIVE STOCKтАЩS AT BUYERтАЩS RATE !!!!!! SENSEX FALL 618 POINTS IN A WEEK The soaring crude oil prices, high inflation and continued selling pressure by foreign institutional investors (FIIs) pulled the market down to its lowest level in calendar year 2008. Political concerns over the nuclear deal with US also weighed on the market sentiment. Sensex declined in 3 out of 5 trading sessions in the week ended Friday, 20 June 2008. The BSE Sensex declined 618.33 points (4.07%) to 14,571.29 in the week ended Friday, 20 June 2008. S&P Nifty lost 169.55 points (3.75%) to 4,347.55 in the week. The BSE Mid-Cap index declined 195.74 points (3.14% )to 6,032.43. The BSE Small-Cap index slumped 184.06 points (2.43%) to 7,397.66. Interest rate sensitive sectors bore major brunt of selling. BSE Bankex (down 3.56% to 6,804.78), BSE Auto index (down 2.1% to 4,042.86) and BSE Realty index (down 5.05% to 5,383.81) edged lower in the week. Foreign institutional investors (FIIs) pressed heavy sales in the backdrop of a weakening rupee against the dollar. In June 2008, FIIs dumped shares worth Rs 7,477.80 crore (till 19 June 2008). FII outflow in calendar year 2008 totaled Rs 22,847.20 crore (till 19 June 2008). On the other hand, mutual funds were net buyers of shares to the tune of Rs 1,820.20 crore in the month of June 2008, till 19 June 2008. The Sensex rose 206.20 points or 1.36% at 15,395.82 on Monday, 16 June 2008. The market ended on a firm note on the back of firm global markets. However, a rebound in global crude oil prices pared strong intra-day gains on that day. Banking and information technology stocks rallied. However, automobile stocks declined after the Union government raised excise duty on large cars, multi-utility vehicles and sports utility vehicles with an engine cubic capacity exceeding 1500. ITтАЩSGOOD PULL BACK :- The Sensex gained 301.08 points (1.96%) at 15,696.90 on Tuesday, 17 June 2008. Bulls had an upper hand over bears for a second day in a row with market sentiment boosted by reports of higher advance tax payment by top Indian firms in the first installment of 15 June 2008, reports of good monsoon in the initial phase and easing of oil prices from record high. BEARтАЩS ATTECK FURTHER :- The Sensex lost 274.59 points (1.75% )at 15,422.31 on Wednesday, 18 June 2008. Bears attecked back with a vengeance on the bourses after a sharp rally in the past two days. Bears used the ploy of weak European markets and deferral of a crucial UPA-Left co-ordination committee meeting on Indo-US nuclear deal scheduled to bring share prices down. The decline followed a range bound movement on the bourses for a better part of the day till early afternoon trade. Sensex lost 334.32 points (2.17%) at 15,087.99 on Thursday, 19 June 2008. The market succumbed to selling pressure for the second consecutive day. Political concerns and weak Asian markets weighed on the investor sentiments. Banking, realty and capital goods stocks were hurt the most. All the sectoral indices on BSE ended in red. The 30 share Sensex declined 516.70 points (3.42%) to 14,571.29 on Friday, 20 June 2008. The two key indices, Sensex and Nifty hit their lowest level of calendar year 2008 on that day. The market tumbled after the latest data showed IndiaтАЩs inflation soared to a 13-year high early this month. High inflation sparked fears of tighter monetary policy by the Reserve Bank of India. HINDALCO :- IndiaтАЩs largest aluminium producer in sales Industries fall 8.21% to Rs 161 in the week . Its board on 20 June 2008 approved raising up to Rs 5000 crore by way of a rights issue to redeem a bridge loan it had taken for acquisition of Novelis Inc. The ratio for the rights issue will be 1:3, i.e. one right of Rs 1 each for every three equity shares of Rs 1 each held by the shareholder as on the record date. LARSEN & TOUBRO :- IndiaтАЩs biggest engineering and construction firm in terms of revenue gain 0.8% to Rs 2637.80 The company on 20 June 2008 said its heavy engineering division had crossed Rs 1000 crore of order booking for supply of high tech equipment and systems in the first two months of the current financial year. R COM :- IndiaтАЩs second largest telecom services provider by sales decline (9.58%) Rs 491.30 in the week. In another family fight fired between Ambani brothers, Mukesh ambani controlled Reliance Industries claimed a right of first refusal to buy a controlling stake in Reliance Communications. Meanwhile, Reliance Communications (RCom) said, in a mala fide effort to disrupt the talks, Reliance Industries (RIL) has sent a communication to MTN, making a false claim of an alleged right of first refusal to buy a controlling stake in RCom. Reliance Communications (RCom) also threatened to claim damages from Reliance Industries, in case the latter choses to take legal action against RCom. It added that RILтАЩs claim is legally and factually untenable, baseless, and misconceived. Earlier on 26 May 2008, Reliance Communications (RCom) had informed the bourses that it has entered into exclusive negotiations with MTN Group for 45 days soon after the South African giant aborted its talks with the Sunil Mittal-controlled Bharti group. As part of a tie-up, Anil Ambani would likely swap his controlling stake in Reliance Communications to become the largest shareholder in MTN. TATA STEEL :- WorldтАЩs sixth largest steel producer loss ( 7.58%) to Rs 777.60. The company said it has formed a joint venture with Jasper Industries to set up a 135 megawatt power plant in Orissa. Tata Steel along with its wholly owned subsidiary Rawmet Ferrous Industries will hold 26% in the project and Japser Industries will hold the remaining 74%. average between 1941 and 1990, the weather office had said in April 2008. The department classifies rainfall as near normal when itтАЩs between 96% and 104% of the 50-year average. Good rains will bolster farm production which in turn may help rein in inflation. STATE BANK OF INDIA :- IndiaтАЩs largest commercial bank lost ( 6.52%) to Rs 1,247.50. The countryтАЩs largest lender, on Saturday, 14 June 2008, decided not to raise its prime-lending rate. The decision was taken at a meeting of the assetsliability committee (Alco) of the bank MAHINDRA & MAHINDRA :- IndiaтАЩs largest tractor maker by sales gained 0.84% to Rs 575.20. The Union government raised excise duty on large cars, multi-utility vehicles and sports utility vehicles with an engine cubic capacity exceeding 1500. As per reports, the additional excise duty will be applicable on Mahindra & MahindraтАЩs Renault-Logan, Mahindra Scorpio and Bolero, Maruti Suzuki IndiaтАЩs Maruti SX4, and Tata MotorтАЩs Tata Safari, Tata Sumo MARUTI SUZUKI :- IndiaтАЩs largest car maker by sales India gained 0.82% to Rs 727.80 in the week. ICICI Bank (down 3.94% to Rs 734.65), Infosys (down 1.93% to Rs 1,827.60), Satyam Computer Services (down 5.37% to Rs 455.05), Tata Consultancy Services (down 4.88% to Rs 863.40), HDFC Bank (down 2.17% to Rs 1,099), Reliance Industries (down 7.57% to Rs 2,096.60) edged lower in the week. The infrastructure sector output rose 3.6% in April 2008 from a year earlier, much lower than an unrevised 9.6% growth in March 2008, government data showed on Wednesday, 18 June 2008. The infrastructure sector accounts for 26.68% of industrial output. HOPE FOR GOOD PULL BACK :- The direct tax collections recorded strong growth in the first two months of this fiscal. As per the Finance Ministry data, direct tax collections jumped 71.28% toRs.22840 crore in April-May 2008 over April-May 2007. The growth in personal income tax was 73.05% at Rs.14690 crore in April-May 2008 over April-May 2007. Corporate tax collection rose 68% to Rs 8126 crore in AprilMay 2008 over April-May 2007. The wholesale price index rose 11.05% in the 12 months to 7 June 2008, government data released on Friday, 20 June 2008, showed. The rate was above market expectation of about 10% rise. The reading was the highest in 13 years since 6 May 1995, when it was 11.11%. The June-September south - west monsoon has been 45% above average so far this season, the Indian Meteorological Department said on 19 June 2008. Rainfall in the four-month rainy season this year will be near - normal, or 99% of the A key UPA-Left co-ordination committee meeting on Indo-US nuclear deal, which was scheduled on 18 June 2008, was postponed due to absence of leaders. The meeting is now likely to be held on 25 June 2008. A key UPA-Left coordination committee meeting on Indo-US nuclear deal, which was scheduled on 18 June 2008, was postponed due to absence of leaders. The meeting is now likely to be held on 25 June 2008. GRAND SALE MAY CONTINUE IN SECOND WEEK WITH FRESH STOCK FROM FACTRIE FII selling may keep sentiments weak selling by foreign funds, rising inflation, high crude oil prices and political uncertainty will melt the sentiment of the investors in the near term. However, expectations of good Q1 June 2008 results may trigger a recovery from lower level after a recent steep fall in share prices. The two key indices Sensex and Nifty тАУ struck their lowest level of calendar 2008 on Friday, 20 June 2008. GOOD PAY OUT TO NATION :- The governmentтАЩs advance tax collections are estimated to have grown at close to 40% in the April-June 2008 quarter. Advance taxes are a good indicator of the corporate IndiaтАЩs profitability and healthy collections reflect the bottomline growth. Companies have to pay advance tax in four installments тАУ the first, accounting for 15% of the estimated tax liability for the entire year. The government has received the first installment of the advance tax for corporate taxpayers by 16 June 2008. BANIYA ( Y.V.REDDY ) WILL HURTE BORROWER :- Reserve Bank might intervene to contain inflation, which reached highest level in 13 years early this month. The wholesale price index rose 11.05% in the 12 months to 7 June 2008, government data released on Friday, 20 June 2008, showed. The rate was above market expectation of about 10% rise. The reading was the highest in 13 years since 6 May 1995, when it was 11.11%. Continue on ...8 22-6-2008 to 28-6-2008 8 MARVELOUS RESEARCH Conti. from ...7 PREPAIRE FOR AN OTHER BLACK MONDAY TRADING LEVELтАЩS FOR MONDAY 23RD JUNE 2008 SALE SALE SALE .. rein growth in prices. But such expectations were trimmed after a series of media reports earlier this week cast doubt on how aggressively the Fed may raise rates this year, and whether the central bank will boost rates in the near term. POLITICAL FEAR Political uncertainty may continue to haunt the bourses. As per reports, CPM, a key left party, may be working on a plan to pull out support to the Congress-led UPA government at the Centre. Left parties have threatened to pull support to the government if it took further steps on the Indo-US nuclear deal. Left parties are opposing the agreement, saying it undermines IndiaтАЩs independent foreign policy and nuclear weapons program BSE SENSEX CLOSE AS ON 20th JUNE 2008 NSE CLOSE AS ON 20th JUNE 2008 Political uncertainty may continue to haunt the bourses. As per reports, CPM, a key left party, may be working on a plan to pull out support to the Congress-led UPA government at the Centre. Left parties have threatened to pull support to the government if it took further steps on the Indo-US nuclear deal. Left parties are opposing the agreement, saying it undermines IndiaтАЩs independent foreign policy and nuclear weapons program F.I.I. ACTIVITY:(FIIs) have sold heavily Indian stocks this month in the backdrop of a weakening rupee against the dollar. In June 2008, FIIs dumped shares worth Rs 7732.50(till 20 june 2008 ) PULLED OUT calendar year 2008 totaled Rs 23352.80 till june 2008 )the other hand, mutual funds were net buyers of shares to the tune of Rs 1,919.90 crore in the month of June 2008, till 18 June 2008. HUM YUMAHRE HAWALE HAI MR.REDDY The quarterly monetary policy review of RBI is scheduled on 29 July 2008 but it may take a call much earlier with inflation hitting the roof. Reserve Bank of India had on Wednesday, 11 June 2008, hiked repo rate by 25 basis points to 8% with immediate effect in an effort to contain rising inflation. A further hike in rates would impact bottomline of Indian companies. Also high interest rates may delay expansion plans of corporates, which in turn may impact future earnings growth. CAUSE OF CONCERN :- Rising crude oil remains a major worry as India imports close to 70% of its crude requirements. US crude for July delivery settled down $4.75, or 3.48%, at $131.93 per barrel on the New York Mercantile Exchange on Thursday, 19 June 2008. The oil price has surged about 40% in this calendar year so far. 25 June 2008.There had been speculation that the Fed may start lifting interest rates steeply as soon as August 2008 to A good news is that the June-September southwest monsoon has been 45% above average so far this season. Rainfall in the four-month rainy season this year will be near-normal, or 99% of the average between 1941 and 1990, the weather office had said in April 2008. The department classifies rainfall as near normal when itтАЩs between 96% and 104% of the 50-year average. Good rains will bolster farm production which in turn may help rein in inflation. MARVELLOUS SMS CLUB MEMBERSHIP FED IFEACT The market will closely watch the policy statement of the US Federal Reserve to gauge the outlook on US interest rates. The Fed is widely expected to keep interest rates unchanged at its two-day meeting on 24 June 2008- INTRADAY, BTST & POSITONAL SAM CALLS SCHEME 1: F&O and CASH SCHEME 2: CASH ONLY Period Fees you your Period Fees you your Rs. Sav.Rs. saving % Rs. Sav.Rs. saving % 1 MONTH 6 MONTH 12 MONTH 30000 120000 180000 NIL 60000 180000 0 1 MONTH 10000 33.33 6 MONTH 40000 50 12 MONTH 60000 NIL 20000 60000 33.33 50 CONTACT : LALIT SHAH- 098250 56396 22-6-2008 to 28-6-2008 9 KSK Energy Ventures Limited KSK Energy Ventures LtdтАЩs IPO opens on June 23 Hyderabad, Jun 21 (UNI) KSK Energy Ventures Limited, a company developing and operating power plants, will enter the capital market with a public issue of 3,46,11,000 equity shares of Rs 10 each through 100% book-building process. The price band has been fixed at Rs 240 to Rs 255 per equity share of Rs 10 each. The issue veloping and operating power plants. KSK Energy supply power to a combination of industrial KSK Energy Ventures Limited and state-owned Issue Open: June 23, 2008 to June 25, 2008 consumers in InIssue Type: 100% Book Built Issue . (Initial dia. Public Offer IPO) KSK Energy have operational power Issue Size : equity -3,46,11,000 plants capable of Issue Size: Rs. 833 crores Post issue paidup capital:-25.5 generating 144 Face value of the shar: Rs.10 MW of power and Offer price : Rs. 240-255 are currently conMinimum Investment : 25 Share in in mul tiples of 25 share structing, developMaximum Subscription : 375 Shares, ing or planning Rs. 1,00,000 Promotors : S.Kishor, K.A.Shastri, K.S.K. power projects caEnergy Ltd. pable of generatRegistrar of the Issue : Karvy Computershare ing an aggregate Pvt Ltd of 8,993 MW of Lead Managers:Kotak Mahindra, IDFCpower, which they SSKI, Morgan Stanley, Lehman Brothers & Edelweiss CapitalLtd sell or intend to sell Check drown тАЬEscrow Account - KSK Public under a combinaIssue RтАЭ For Retail Category tion of long-term, Website: www.KSK.com medium-term and short-term power purchase agreeopens on June 23 and closes on June 25, 2008. The issue will constitute 10% of the post-issue equity share capital of the company, The details of the company is give herewith. INTRODUCTION OF THE COMPANY Incorporated in 2001, KSK Energy Ventures Limited is a power project development company in India, with track record of de- Financials тАв 2008 тАУ Sales Rs 239 Crores, PBT of 135 Cr and PAT of 108.6 Cr тАв Substantially sales uplift on account of revenue from commissioned projects as well as other income - unlock of GMDC Investments value тАвLoss on sale of subsidiary тАУ 5 Cr Divestment тАв 660 Cr of Net worth, 1250 of Debt ( from underlying SPV level) тАв With VS Lignite commissioning in current calendar year and Wardha Warora in the next, financials to see an upward lift from 2000 Cr B/s size to 3650 of executed projects. KSK Business тАУ Key Differentiators тАв Visible Portfolio тАУ mix of operational, advanced construction, financing and planned тАв Credibility endorsement by blue chip Industrial customers тАУ only proven players with captive supplies model ( 100% economic interest) тАв Secured Feed stock тАУ Not only the project being funded by IPO proceeds, three additional 1800 MW projects each backed by fuel access through collaboration тАв Not a merchant power company on the growth curve, sustainable integrated power generation model and raw material risks reasonably addressed тАв Promoted and managed by first generation professionals, grown through the reform curve with support of experts and professionals тАв KSKEV is exclusive Power Generation vehicle for all group initiatives in India and multiple group companies to support SPV format of execution Particulars Total Income Profit After Tax (PAT) ments (тАЬPPAsтАЭ) to industrial and state-owned consumers. KSK energy power projects are as follows Three power plants (aggregating 144 MW) that are fully operational: Arasmeta, a 43 MW coal based power plant in Chhattisgarh; Sai Regency, a 58 MW natural gas based power plant in Tamil Nadu; Sitapuram, a 43 MW coal based power plant in Andhra Pradesh. Two power projects (aggregating 675 MW) that are under construction: VS Lignite, a 135 MW lignite based power project in Rajasthan; Wardha, a 540 MW coal based power project in Maharashtra. Three power projects (aggregating 1,973 MW) under development for which they have either Secured Debt Financing or Entered into Term Sheets and are Negotiating Debt Financing Agreements: Arasmeta Expansion, a 43 MW expansion of the existing Arasmeta power plant; Wardha Chhattisgarh, a 1,800 MW coal based power project in Chhattisgarh; KSK Dibbin, a 130 MW, a run- of-the-river hydro-electric power project in Arunachal Pradesh. Five power projects (aggregating 6,345 MW) that are based power project in Orissa; Wardha Naini, a 1,800 MW coal based power project in Orissa; Kameng Dam, a 600 MW runof-the-river hydro-electric power project in Arunachal Pradesh; Kameng Basin projects, a group of seven run-of-the-river hydroelectric power stations aggregating 345 MW in Arunachal Pradesh. Investment rational Producer of power plants in India lots of its projects are yet to finalize, so big waiting periods before it translets in to profits huge debts and other income in Balance Sheets. Higherly prised makes investment unattractive in this down trend market. Objects of the Issue: of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to: Investment in Wardha Power Company Private Limited, a Subsidiary, to finance the equity component of the 1,800 MW coal-based thermal power plant at Wardha Chhattisgarh (the тАЬWardha ChhattisgarhтАЭ); Investment in KSK Dibbin Hydro Power Private Limited, a Subsidiary, to finance the equity component of the 130 MW runof-the-river hydro power plant at Dibbin, Arunachal Pradesh (the тАЬDibbin ProjectтАЭ); Repayment of corporate loans; General Corporate Purposes; Meeting the Public Issue Expenses. Somi Conveyor Beltings Ltd Somi Conveyor Beltings Ltd will enter the capital markets on June 24 as manufacturing, food processing, and heavy industries. The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food Somi Conveyor Beltings Ltd will enter the capital markets on June 24 with an issue of 62,27,860 equity shares of Rs 10 each at a fixed price of Rs Somi Conveyor Beltings Ltd. 35 aggregating to Issue Open: June 24, 2008 to June 27, 2008 Rs 21.8 crore. The issue comprises a contribution by promoters of 14,99,286 shares aggregating to Rs 5.25 crore. This leaves a net issue to the public of 47,28,574 shares aggregating to Rs 16.55 crore, including an allocation of 10 per cent to qualified institutional buyers. Issue Type: 100% Book Built Issue . (Initial Public Offer IPO) Issue Size : equity -62,27,860 Issue Size: Rs.22 crores Post issue paidup capital:-40 % Face value of the shar: Rs.10 Offer price : Rs. 35 Minimum Investment : 200 Share in in mul tiples of 200 share Maximum Subscription : 2800 Shares, Rs. 1,00,000 Promotors : Omprakash Bhansali, Vimal Bhansali, Gaurav Bhansali. Registrar of the Issue : Mondkar Computers Pvt Ltd Lead Managers:Ashika Capital Ltd Check drown тАЬEscrow Account -Somi Conveyor- Public Issue RтАЭ For Retail Category The net issue to the Website: www.KSK.com public would constitute 40 per cent of the fully grade belts have been introdiluted post issue paid up capiduced, which are being used by SOMI CONVEYOR BELTINGS LTDтАЩS FINANCIAL INFORMATION Particulars For the year/period ended (Rs. in lacs) 31-Mar-07 31-Mar-06 31-Mar-05 31-Mar-04 31-Mar-03 1548.01 134.99 1205.10 95.26 747.02 10.84 364.42 6.33 97.89 0.78 Total Income Profit After Tax (PAT) planned: KSK Narmada, a 1,800 MW coal based power project in Chhattisgarh; JR Power, a 1,800 MW coal KSK ENERGY VENTURES LTDтАЩS FINANCIAL INFORMATION For the year/period ended (Rs. in lacs) 30-Sep-07 31-Mar-07 31-Mar-06 31-Mar-05 31-Mar-04 8,130.10 1,196.79 9,281.63 1,886.16 3,742.65 727.11 3,355.36 651.40 2,755.54 10.24 tal. The issue closes on June 27.All details of the issue is given herewith. INFORMATION OF THE COMPANY Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines. The CompanyтАЩs unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts Continue on ...11 22-6-2008 to 28-6-2008 10 GOOD LONGTERM BET SUNIL HITECH ENGINEERS Sunil Hitech Engineers (SHEL) specializes in Fabrication, Erection, Testing & Commissioning of Thermal Power Plants with high precision quality and timeliness. The company provides different types services to players in power and steel sector. For thermal power plant it provides fabrication & erection of super structures up to 660 MW. It also takes up civil works for thermal power stations up to 500 MW. Besides this it is involved in the fabrication and erection of steel chimney flues. The company also takes turnkey contract for fuel oil systems including tanks. For Hydro Power plants it takes up civil and hydro mechanical works. In transmission and distribution business the company takes up erection of EHV transmission lines & substations up to 132 kV, 200 kV, 400 kV. The company also provides operation and maintenance related services to power plants. The services include renovation of boilers and auxiliaries, repair, modification and rehab for utility boilers of 210/500 MW, pressure parts, milling system, rotating parts, ducting, HP/LP piping work. Apart from power sector the company is also taking up fabrication and erection of technological structures for steel plants. The manufacturing business of company includes Design and Supply of Reheater Coils, LTSH Coils, Economizer Coils, Pressure Parts Bends, Water Walls, Structures, Tanks and Vessels, Heaters, Piping, Supply Boiler Pressure Parts Tubes for 210/500 MW. Further, the government has continued with its policy of boosting the power sector with the announcement of two more Ul;tra Mega Power Projects BHARAT BIJLEE Bharat Bijlee Limited is one of the leaders in the electrical engineering industry in India. A multi-product, multi-division organization, the company operates in two business segments, Industrial Products which comprises transformers, motors and drives; and Contracting, i.e Projects. A pioneer in electrical engineering in the private sector, BSE Code : 532711 Current Price : Rs. 221.20 Equity : 12.28 Crore (UMPP) and five other power projects in the 2007-08 Budget. In addition, there is a provision to setup merchant power plants through the participation of private developers in transmission projects. This will increase the pace of power distribution projects due to easy availability of funds. SHEL has already made a joint bid for the BOP (Balance of Plant) work for the Mundra UMPP. Each UMPP, of 4000 MW has potential BOP work of around Rs 640 crore. This stands to be huge untapped opportunity for SHEL. Order book as on 31st Jan'08 stand at Rs 800 crore (Rs 500 crore last year). Further break up of order book:-Power Generation (Balance of Plant (BOP)) Rs 640 crore, Power Transmission & Distribution Rs 90 crore, Steel Rs 40 crore, Hydro plant Rs 35 crore. SHEL's clients include a mix of government and private companies. The list of a few clients include National Thermal Power Corporation, Bharat Heavy Electricals, Maharashtra State Power Generation Company, Reliance Energy, Madhya Pradesh State Elect Board, Jindal Steel & Power, Shandong Elec Power Const Corp (China), Chattisgarh State Elect Board, Dodson-Lindblom International Inc (USA), Sterlite Inds (BALCO) Rashtriya Ispat Nigam, Rajasthan Vidyut Utpadan Nigam. Sales and NP for year ended 07 - 08 were 306.3 Cr & 21.6 Cr. Sales and NP for latest Quarter 112.4 Cr & 7.3 Cr. On YOY basis NP has increased by 179% & based on quarter latest its increased by 122% One can buy this stock at current price for a target of 300 - 310 in medium term. BSE Code : 503960 Current Price : Rs. 1802.30 Equity : 5.65 Crore the company has a reputation for quality which characterises every facet of its activities. Bharat Bijlee Ltd (BBL) was incorporated in 1946 to manufacture electric motors. In 1958, it forayed into manufacture of transformers in collaboration with Siemens (Germany) for manufactur- ing motors and transformers at its plant in Thane. In 1965, BBL commenced manufacturing heavy duty transformers. In 1972, the company set up its lifts division in technical partnership with Schindler (Switzerland) and was subsequently divested in FY05 to Kone Elevators P Ltd. The downturn in industry during the 1998-2002 period, continued stagnation in investments by the state electricity boards (SEBs) in generation & transmission capacities and undercutting by players to garner business severely impacted the company's fortunes. Since then, reforms in the manufacturing and power sectors with a renewed thrust on creation of generation and transmission capacities resulted in the company witnessing a turnaround. Concurrent to the turnaround, BBL also divested the lifts division. Bharat Bijlee's plant is located on a 1,93,000 sq. mtrs campus, with a working area of approximately 50,000 sq.mtrs. ABG SHIPYARD ABG Shipyard Ltd., the flagship company of ABG group was incorporated in the year 1985 as Magdalla Shipyard Pvt. Ltd. with the main objects of carrying Shipbuilding and Ship Repair business. In a span of 15 years from the year 1991, the company has achieved the status of the largest private sector shipbuilding yard in India with satisfied customer base all around the world. The registered office and the yard are situated at Surat in the state of Gujarat and the corporate office is in Mumbai. Their shipyard has state of the art, manufacturing facilities including a "Ship-lift Facility" with a lift capacity of 4500 tons, side transfer facilities, CNC plasma cutting machine, Bending rolls, Hydraulic press, Cold shearing machine, Frame bending machine and steel processing machinery. The Shipyard also has blasting shop and fabrication shop covered in 4 bays of 150 x 30 M each equipped near Kalwa, Mumbai. It has its regional offices at Mumbai, Delhi, Bangalore and Kolkata and a national network of sales and service offices. Bharat Bijlee continues to grow from strength to strength. By building on diverse engineering and managerial capabilities, it is now amongst the foremost manufacturers of electrical and related equipment in India Sales and NP for year ended 07 - 08 were 562.3 Cr & 72.5 Cr. Sales and NP for latest Quarter 199.3 Cr & 31.2 Cr. On YOY basis NP has increased by 29% & based on quarter latest its increased by 6% Dividend during year ended 07 - 08 was 300 % One can buy this stock at current price for a target of 2300 - 2350 in medium term. BSE Code : 532682 Current Price : Rs. 390.05 Equity : 50.92 Crore with 20T EOT Cranes. The manufacturing process is in line with world-class standards and the Yard is certified by DNV for ISO 9001:2000. During past decade, the Shipyard has constructed and delivered Ninety-Five (95) Vessels including Specialized and Sophisticated vessels like Interceptor Boats, Self Loading and Discharging Bulk Cement Carriers, Floating Cranes, Articouple Tugs and Flotilla, Split Barges, Bulk Carriers, Newsprint Carriers, Offshore Supply Vessels, Dynamic Positioning Ships, Anchor Handling Tug Supply Vessels, Multi-purpose Support Vessel, Diving Support Vessels, etc. for leading companies in India and abroad. The Shipyard has executed many prestigious Shipbuilding and Ship-repair contracts against stiff International Competition for both Export and Domestic Markets. All these vessels have performed Continue on ....10 22-6-2008 to 28-6-2008 LionтАЩs Roar Conti. from ...1 broken and new bottom will be created. So catching a stock at its bottom will be equivalent to catching a falling knife. Inflation. Inflation which came in at a whopping 11.05%, suggest that there will be no respite from the inflation and it will continue its upward rise and thus putting the Government in catch-22 situation. In order to control inflation, the RBI will continue with its interest rate hikes. But this will push the growth of the economy on the back burner. Anyway the effects which were visible in the poor results of companies in the last quarter, will now get more pronounced. So the markets are likely to continue its downward journey. Dow Theory. According to Dow Theory, we have completed the second phase of the down trend and are now entering the third phase. In the second phase, the effects of the slowdown are visible in the results and profitability of the companies. As seen in the last quarter our results are deteriorating further. The economy on the whole starts looking negative and here we have inflation at 13 year and the growth now subsiding considerably. The interest rate hikes are continuing. All this suggest now we will enter the third phase, which will be the panic stage. In this stage people sell whatever they hold at any levels out of sheer fear and panic. They lose their trust from the market and the companies in general. This is the third and final stage of correction, after which the new bull market will resume. But please note that this third stage will be very painful and long. It will be long winter before the sun comes out again and till then the Bears will rule supreme. Technicals. Technically both Sensex and Nifty has formed Bearish Head & Shoulders pattern, which suggest that the downfall will be more severe and pronounced than what we imagined before. The target for the Sensex 11 falls at 12225 and for the Nifty it is at 3700. Before falling to these levels, Sensex has some support at 14200 and 13887 and Nifty has some support at 4280 and 4004. According to Gann theory, the Support for Nifty falls at 4135 and for the Sensex at 13887. If you see the Sensex has fallen with a Breakaway gap between 15390 and 15259, which suggest that this is a new rally downwards. So better watch out. These levels will be respected for sometime only. But these levels will be just another milestones on the way down. Derivatives. EAFLEтАЩS EYE Conti. from ...4 pure information and guidance for helping you to take better and best decision for investment and tradingтАжтАж..Those who were regularly reading our article тАЬBAAZ NAZAREтАЭтАж.can understand why we are writing thisтАжтАжтАжтАжтАж After every rise market is making new bottomsтАжтАж.but our stock future recommendations and delivery based recommendations has always performed very very well and given healthy,safe and fruitful returnsтАжтАж.. Though we ourselves are giving recommendationsтАж.. We are telling you the bitter truth that тАЬ There are lots of analyst and lots of people who are giving recommendationтАжтАжSuddenly (like Inflation) many websites and people (Said analyst) giving recommendationsтАЭ тАжтАжтАж.So take care of your hard earned money, take care of your investments, be cool in trading and be cautious at every levelsтАж..Do business according to your capacity only. Think twice, read repots before making any new commitments for long term in any particular scripts. Best wishes for healthy, safe and productive returns from this unpredictable and volatile Indian stock marketsтАжтАжтАжтАжтАж.. Derivative data suggest there is considerable amount of short positions in the Nifty and Index based front line stocks. Short build is increasing in the Realty, Banking and Financial Stocks. Even Capital goods are not being spared. So please short on whatever rise you might get. The 4400 and 4500 Calls are being written, which suggest that these levels will be difficult to conquer. STOCKS TO HAMMER NEXT WEEK: 1. IVR Prime 201, SELL with SL 210 TGT 192-175-150. 2. LIC Housing 277. SELL with SL 292 for TGT 251-233. MARKET SUMMERY Conti. from ...1 risinginflation may RBI to take immidiate actiion as to increase in CRR, or repo rate, this will impact bottomline of Indian companies. Also high interest rates may delay expansion plans of co;rporates which in turn may impact future earnings growth. Their is some silverlining amidst of dark clouds A good news is that the June -September south ward monsoon hgas beenb 45% above average so far this season his year willbe near normal.Secondly, the govtтАЩs advance tax collection are estimated to have grown at close to 40% in the April-June 2008 quarter Advanc taxes are a good indicator of the corporate IndiaтАЩs profitability and healthy collections reflects the bottomline growth. According to obergatiions made by market analuyst, between 1992 and 2006 the sensex has scaled new peacks and have seen bove seven large falls of more them 25% .Six months after every nose dive the markets has recovered with renewed vigour, barring in 1992 andin 2000,when the Harshad Mehta and Ketan Parikh scams, respeftively played spoilsport. If on etakes a sneak view of the lat two correction during september 2004 and May 2006 the investors after six months received retuns of 33.55% and 48.45% respectively . Currently the Sensex has once again nose-dived and is 30% below the January 10 2008 mark. At the current scenario who prepared to bear at least 10 to 15 % loss can enter the market for 6 to 9 months for 30 to 40 per cent eturn. As there is possibility fo further fall but it will may bounce back after that. PRIMERY MARKET Conti. from ...9 per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters. Somi Conveyor Beltings LtdтАЩs sister concerns are: Earth Mover Enterprises Oliver Micon Inc. INVESTMENT RATIONAL Facing competation from gaints like MRF, Appollo, Andrew Yule which will effect companies growth ability. Havily dependent on nature as main raw material rubberтАЩs production is effected by nature as well as its other appliction will effect on its price. In a down-trend Market Rs. 35 is also high prise. Objects of the Issue: The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to: Setting up of new manufacturing unit; Purchase of Land and Building for the office premises; Meeting margin money required for the enhanced working capital; To meet the working capital requirement; To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges; General corporate purposes. BUZZING STOCK Conti. from ....10 very well, thus establishing its reputation for building and delivering vessels of the best quality at competitive prices and delivery periods. The Ship Repair Division has successfully repaired and refurbished Dredgers, Ethylene Carriers, Bulk Carriers, Offshore Supply Vessels and Coast Guard Vessels. They are now setting-up a new shipyard with state of art manufacturing facilities including Two (2) Nos. 400 Mtrs. long Newbuilding dry-docks allowing us to build all kinds of vessels upto 120000 DWT. Sales and NP for year ended 07 - 08 were 704.4 Cr & 116.2 Cr. Sales and NP for latest Quarter 275.0 Cr & 47.1 Cr. On YOY basis NP has increased by 39% & based on quarter latest its increased by 61% Dividend during year ended 07 - 08 was 15% One can buy this stock at current price for a gain of 30 - 40 % in medium term. ATTENTION The material contained in the Economic Revolution is based on Fundamental and Technical analysis & other scientific methods and also the knowledge and belief of author. Error can not to be rulled out. The information given is of advisory nature only. The Editor, the Publisher and the Author does not take any consequences arising out of it. All rights reserved. Reproducing to whole or in part of any matter including featurs without permision is not permitted. Letgal jurisdiction is Ahmedabad only. The material given in the Economic Revolution is the views of author only, it not means that Editor is agree with it, so Editor, the Publisher and the printer is not resposible for the contains in writers article. Devlaxmi Joshi Editor, The Economic Revolution. 22-6-2008 to 28-6-2008 12 Madhav Ranade (M) 09371002943 or email : [email protected] You have seen the trading levels last few weeks and how good they worked тАжтАж.. Full list covers about 60 stocks. These levels will be available only to my yahoo group paid members. Today, I have given levels for 8 stocks, 3 commodities and 5 important world indices. This should give you some indication about the shape of things to come. Position trading entry levels as well as stoplosses should be considered as triggered when the level is consistently breached for a minimum period of 15/20 minutes. Also breaching of the level in the opening / last 15 minutes of trade should not be considered at all. Stocks Trading levels for 23 rd /27 th June 2008 . . . Last 6 weeks тАУ since crude broke past 120 dollars тАУ I have been writing about drop in GDP projections to 7 % from 8 to 8.5 % mentioned by everyone earlier. This means our P/E ratio for the market as a whole will have to be scaled down atleast by one to two тАжтАжтАж which will knock off 7 to 10 % from the projected prices even if individual stocks perform as expected. Please bear this in mind while taking investment decisions. I am now available on yahoo messenger on most of the trading days and you can add me on your yahoo messenger. My yahoo id is madhavranade1 Please call me if you have any doubts or you need levels for some other stock. I am available on 09371002943 or on [email protected] Commodities WEEKLY SUPPORT AND RESISTANCE LEVELS ANURAG GUPTA MOBILE : 9255191643 SYMBOL CLOSE NF JUNE 4335.30 ADLAB FUTURE 522.25 ABB FUTURE 3412.90 ACC FUTURE 625.00 BANKBARODA FUTURE 225.60 BEL FUTURE 1126.05 BEML FUTURE 913.05 BHEL FUTURE 1407.30 BOMDYEING FUTURE 662.00 BPCL FUTURE 265.00 CANBK FUTURE 195.00 CENTURYTEX FUTURE 554.55 CIPLA FUTURE 208.75 DABUR FUTURE 95.60 DIVISLAB FUTURE 1448.30 DRREDDY FUTURE 657.80 GAIL FUTURE 279.80 GRASIM FUTURE 2157.25 HCLTECH FUTURE 267.10 HDFC FUTURE 2170.05 HDFCBANK FUTURE 1087.15 HDIL FUTURE 527.65 HEROHONDA FUTURE 740.10 HINDUNILVR FUTURE 225.20 IDFC FUTURE 119.25 IDBI FUTURE 75.25 IFCI FUTURE 50.30 HINDPETRO FUTURE 196.30 I-FLEX FUTURE 1254.35 ICICIBANK FUTURE 728.75 INDIACEM FUTURE 160.45 INFOSYSTCH FUTURE 1832.40 IOC FUTURE 370.10 ITC FUTURE 197.55 IVRCLINFRA FUTURE 346.95 LT FUTURE 2555.60 M&M FUTURE 570.30 MARUTI FUTURE 726.50 MTNL FUTURE 94.40 NDTV FUTURE 421.50 ONGC FUTURE 860.35 ORIENTBANK FUTURE 154.60 PARSVNATH FUTURE 152.05 PRAJIND FUTURE 183.80 PUNJLLOYD FUTURE 242.10 PATNI FUTURE 235.65 RANBAXY FUTURE 543.65 RELINFRA FUTURE 955.25 RELCAPITAL FUTURE 1019.05 RELIANCE FUTURE 2099.00 RNRL FUTURE 82.80 SATYAMCOMP FUTURE 456.50 SOBHA FUTURE 361.00 SBIN FUTURE 1234.30 TATAMOTORS FUTURE 487.40 TATAPOWER FUTURE 1250.85 TATATEA FUTURE 744.55 TCS FUTURE 862.45 TATASTEEL FUTURE 777.05 TITAN FUTURE 1062.05 UNITECH FUTURE 183.80 TATACOM FUTURE 382.15 WIPRO FUTURE 469.40 ZEEL FUTURE 222.25 FROM 16 June TO 21 June, 2008 TREND BEARISH BEARISH BULLISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BULLISH BEARISH BEARISH BEARISH BULLISH BEARISH BEARISH BEARISH BULLISH BEARISH BEARISH BEARISH BEARISH BEARISH BULLISH BEARISH BEARISH BULLISH BULLISH BEARISH BULLISH BULLISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BEARISH BULLISH BULLISH RES2 4778.43 629.95 4015.43 689.67 270.80 1271.78 1026.88 1684.77 829.00 298.33 220.33 671.52 227.98 103.90 1703.43 759.80 388.07 2283.68 306.93 2415.28 1250.65 659.15 791.57 241.47 150.65 86.58 62.93 209.63 1453.45 864.78 175.15 1980.47 395.00 210.85 411.32 2984.20 589.40 779.37 101.33 537.17 913.75 174.20 185.95 213.67 295.43 259.22 638.95 1198.82 1280.58 2443.87 102.47 510.83 439.97 1445.03 556.37 1360.95 832.68 958.72 902.22 1193.68 222.43 458.72 496.70 262.75 Email : [email protected] RES1TRENDLEVEL SUPP1 SUPP2 4556.87 4436.43 4214.87 4094.43 576.10 547.15 493.30 464.35 3714.17 3544.58 3243.32 3073.73 657.33 636.67 604.33 583.67 248.20 236.20 213.60 201.60 1198.92 1152.03 1079.17 1032.28 969.97 939.98 883.07 853.08 1546.03 1471.27 1332.53 1257.77 745.50 700.30 616.80 571.60 281.67 269.73 253.07 241.13 207.67 199.33 186.67 178.33 613.03 581.52 523.03 491.52 218.37 211.83 202.22 195.68 99.75 96.50 92.35 89.10 1575.87 1506.43 1378.87 1309.43 708.80 679.95 628.95 600.10 333.93 353.57 299.43 319.07 2220.47 2182.78 2119.57 2081.88 287.02 275.78 255.87 244.63 2292.67 2214.38 2091.77 2013.48 1168.90 1122.95 1041.20 995.25 593.40 556.75 491.00 454.35 765.83 749.67 723.93 707.77 233.33 228.62 220.48 215.77 134.95 126.65 110.95 102.65 80.92 77.83 72.17 69.08 56.62 53.13 46.82 43.33 202.97 196.23 189.57 182.83 1353.90 1294.45 1194.90 1135.45 796.77 754.98 686.97 645.18 167.80 162.90 155.55 150.65 1906.43 1863.97 1789.93 1747.47 382.55 374.30 361.85 353.60 204.20 198.75 192.10 186.65 379.13 360.62 328.43 309.92 2769.90 2651.70 2437.40 2319.20 579.85 568.45 558.90 547.50 752.93 731.47 705.03 683.57 97.87 95.68 92.22 90.03 479.33 426.17 368.33 315.17 887.05 861.30 834.60 808.85 164.40 158.20 148.40 142.20 169.00 159.50 142.55 133.05 198.73 189.47 174.53 165.27 268.77 254.13 227.47 212.83 247.43 240.57 228.78 221.92 591.30 564.20 516.55 489.45 1077.03 1007.72 885.93 816.62 1149.82 1075.68 944.92 870.78 2271.43 2177.37 2004.93 1910.87 92.63 87.02 77.18 71.57 483.67 467.83 440.67 424.83 400.48 380.02 340.53 320.07 1339.67 1282.33 1176.97 1119.63 521.88 501.52 467.03 446.67 1305.90 1271.95 1216.90 1182.95 788.62 760.43 716.37 688.18 910.58 876.57 828.43 794.42 839.63 805.42 742.83 708.62 1127.87 1067.93 1002.12 942.18 203.12 191.68 172.37 160.93 420.43 400.22 361.93 341.72 483.05 472.20 458.55 447.70 242.50 230.75 210.50 198.75 PLEASE UNDERSTAND BEFORE YOU TRADE TRADING GUIDELINES (or how to trade using this sheet): World indices Continue on ...8 1. This model is based on the premise that the TREND LEVEL is the most important price level that decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind, the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply, volatility and market sentiments prevailing in the market. Hence its importance in intraday trading. 2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low. 3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the resistant level (res1 and res2) 4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near the support level (sup1 and sup2) 5. STOP LOSS: Since you are aware of the тАШpotential returnsтАЩ at the time of initiating an intraday trade (difference between the entry price and profit targets), you should set up an appropriate STOP LOSS around 1% above below of the trade price to protect yourself if the market turns and goes against you. 6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a stop loss level, and find during the course of the trading day that the market turns and goes the other way and crosses the TREND LEVEL, then trade again: .For instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to lower price levels, then GO SHORT. . And, if your first trade was a SHORT trade, and the market price rises through the TREND LEVEL to higher price levels, then GO LONG. 22-6-2008 to 28-6-2008 INTRODUCTION : Shri Antaryami is connected with Stock Market since last many years and giving right guidance to many people among the country and out side the country also. He has great experience and knowledge of the Stock Market and he is counting as a leader analyst in Gujarat. He is connected with Stock Market research and it becomes his profession. Due to personal circumstances, he do not want to share his introduction, but he always remain well wisher of small investors and thinks for them and always catch the opportunity to guide them. It is his pleasure to help and guide small investors. ELL NIFTY FO @ 4347 SL 4250 TGT @ 4460 BEFORE JULY 2008 SENSEX тАУ 14571 as on 20.6.08 Dear Friends, Sensex has resistance at 14700 Level with highly Volatile Trend; above MARKET MAY BOTTOMOUT NEXT WEEK which other resistance levels are at 14850 In downside support levels are at 14350 levels; below 14250 level, other support levels are at 14150 levels. I am negative for next week below 1420 but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only... and its still a better strategy in the given scenario...Regarding long term positions, it is preferable to remain cautious now...!! If sensex crosses 15050 again then the upper side target is quite high and it may touch 15500 before June 2008!!! One can go for buy at those levels also, but in absence of that its time to book profits. This is a pessimistic outlook DIAMOND STOCKS FOR THE WEEK 1. 13 Aiswarya Tele : ( 46) : Buy at Rs 42 levels considering minor support of Rs 40 and stoploss of Rs 38 for an upper target of Rs 60 levels. Below Rs. 38 it can slide upto RS 36 and RS 34 levels. 2. Orissa Sponge : (251 ) : Operator based buying has been there in this stock. It is suggested to buy at RS 240 with SL of RS 235 for the target of Rs 265; below RS 230 it can fall up to RS 225 levels. If it crosses Rs 268 level than expect non stop rally up to Rs 275 3. Areva T & D: (1367 ) : This stock is looking very good to buy at Rs 1345 with SL of RS 1330 for the target of RS 1450 levels below Rs. 1320 stock shall witness free fall. 4. O N G C : (866 ) : Buy delivery of this stock at current levels with SL of Rs 840 for the target of Rs 920 level. It is very good for long term position also. 5. Prajay Eng: (125) : Buy at Rs 115 with SL of Rs 105 for the target of Rs 145 levels below Rs 102 it can show further fall. 6. Bhatinda Chemical : (30 ) : Technically accumulation in this stock has been at these levels. Buy at Rs 26 with SL of RS 22 for the target of RS 40 levels. It is very good for short to medium term. 7. Sel MCS : (599) : Buy at Rs 550 With SL of RS 530 for the target of RS 650 level. It is very good for medium to long term investment. 8. Allied Comp. : ( 26) : Buy at Rs 22 with SL of Rs 20 for the target of RS 32 levels. It is very good for medium to long term investment. 9. Lok Housing (97 ) : Buy at Rs 92 with SL of RS 90 for the target of RS 125 levels . It is very good for medium to long term investment. 10 Lokesh Mech (55) : Buy delivery of this stock at current levels with SL of Rs 50 for the target of 70level. It is very good for long term position also. 4420 Level with highly Volatile Trend, In Downside support levels are at 4.......Levels; below....... level, other support levels are at.............levels. I am negative for next week below 14400 but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and its still a better strategy in the given scenario...!!! but thatтАЩs the way we tend to be, in this market. NIFTY FO тАУ 4347 as on 20.6.2008 NIFTY FO has resistance at 4380 Level ; above which other resistance levels are at It is preferable to remain cautious now...!! If NIFTY crosses 4480 Level, again then the upper side target is quite high and it may touch 4620 Level before JULY тАУ 2008...!!! Here is given Some GLODEN STOCKS for the week FUTURE-PLATINUM 1 2 3 4 5 R Com: (490 ) : Buy at Rs 475 with SL of RS 465 for the target of RS 520 level below Rs 460 it can show further downfall. Ad Lab : ( 524) : Buy at Rs 500 With SL of RS 480 for the target of RS 560 level below Rs 475 it can show further downfall up to Rs 440 Bhel : (1405 ) : Buy at Rs 1370 with SL of RS 1350 for the target of RS 1450 levels below Rs. 1330 it can show further downfall up to RS 1290 Reliance (2086) : Buy at Rs 2025 with SL of RS 1995 for the target of RS 2200 levels below Rs. 1980 it can show further downfall up to Rs.1920 Siemens : ( 452 ) : Buy at Rs.440 with SL of RS 430 for the target of RS .490 levels below Rs.425 it can show further downfall. SMALL SAVING STARS 1. Apn Ind (13) : Buy at 11 with SL of RS.9 for the target of RS. .17 2. EPC Ind. ( 37 ) : It is suggested to buy with SL of RS 32 for the target of RS.45 below at RS .30 it can slip up to RS .26 level. Crossover above Rs.47evel will take the stock to Rs .52 3. Well Pack : ( 27) : Buy at Rs.24 with SL of RS. 22for the target of Rs.35 levels below Rs.21 it can show further down fall. 4. Supreme Tex: (15) : Buy at Rs.13 with SL of RS.11 for the target of Rs 22 levels . It is very good for long term position also. 5. Bhageria Dychem (30 ) : Buy at Rs 26 with SL of RS 24 for the target of Rs 36 levels below Rs.23 it can show further fall. ENTER AT LOWER LEVEL
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