Nikunj Stock Brokers

Markets Today

Markets today took a huge swing from lower levels of 3900 to end marginally in green at 4094. Markets show a large amount of shortcovering as Nifty and Sensex were closing in red for last 5 days. Market have lost around 15% last week so this shortcovering was expected.This late trade recovery was led by most beaten down stocks like Reliance Industries, SBI, HDFC Bank, BHEL and Reliance Power

The Sensex has recovered nearly 467 points and the Nifty 155 points from days low of 13,051.73 and 3919.35, respectively. The Sensex closed with a loss of 12.47 points or 0.09% at 13,518.80 while the Nifty rose 2 points or 0.05%, to settle at 4074.90.
Nifty ended at a premium of 18 points. There was mix of short covering and long build up in banking stocks. ICICI Bank continued to see short build up and saw addition of 32% in Open Interest. Metal stocks continued to see short build up. PCR fell to 0.84 versus 0.89 on Monday. Call buying was seen in 4100-4200 strike prices.
Among the frontliners, Tata Communication shot up 7.77%, SBI 6.49%, Sterlite Industries 2.66%, Reliance Industries 2.35%, HDFC Bank 2.16%, ITC 2.16%, NALCO 4.07%, BPCL 3.88% and Hero Honda 3.36%. However, ICICI Bank plunged 5.82%, Jaiprakash Associates -5.09%, Maruti Suzuki -3.55%, Ranbaxy Labs -3.23%, Satyam -3.21%, Suzlon Energy -5%, Sun Pharma -3.58% and Cairn India -3.52%.

Global Cues

Shares of American International Group(AIG) tumbled Tuesday as the company scrambled to raise as much as $75 billion to keep itself afloat.
The pressure on the nation's largest insurer reached fevered pitch on Monday night as the troubled insurer was hit by a series of credit rating downgrades.
The cuts could prove deadly to AIG (AIG, Fortune 500), forcing it to post more than $13 billion in additional collateral. Shares were down 42% in early morning trading, after falling more than 70% in early morning trading and losing 61% of their value the day before. In India, it is running in collaboration with TATA.

Though US markets were slightly in green due. Dow jones was up 65 pts at 10984 and Nasdaq at 2184, almost flat.

Market Tips

Following the boost to liquidity by RBI, PSU sectors banks saw a good recovery today.The pack was led by SBI. More good news is expected in this sector.

Though, Lehman Bros had 24% stake in KSK Energy still the stock rose significantly today. This shows good amount of faith in this company and some internal factors may be encouraging. So this is looking quite a good bet.

MRPL at 56 is also a safe bet at these rates and could give huge returns in coming times.

For futher queries and suggestions and other trading related work contact:

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Nikunj Stock Brokers

Markets Today

Today can be termed as black monday in Indian market.
It was a sharp cut in Indian equities along with global markets through the day as endless credit crisis in the US financial space worries markets globally. Rate sensitives, infrastructure, oil and technology stocks witnessed huge selling pressure followed by midcap and small cap stocks. Benchmark indices crashed severely on huge volumes. But some recovery was seen in last one hour of trade led by auto and banking stocks.

Bears have been playing their role for fifth consecutive day and kept bulls under control. Financial woes are still active in the US financial space. The news of Lehman Brothers filed Chapter 11 bankruptcy has played a big role in today's session, which is one of the most reputed financial firm in the US. This news has walloped Asian and European markets as well. US markets are likely to open lower.

Lehman Brothers says no broker-dealer subsidiaries to be included in bankruptcy filing and the company is exploring sale of its broker-dealer operations. Bank of America and Barclays had showed an interest in the Lehman Brothers but backed out.

Indian benchmark indices were slaughtered severely after this news; the Sensex lost 850 points and the Nifty fell 273 points to hit an intraday low of 13,150.81 and 3955.40, respectively. The Sensex closed with a loss of 469.54 or 3.35% at 13,531.27 and the Nifty fell 155.55 points or 3.68%, to settle at 4072.90.
Some buying in auto and banking stocks has helped markets a bit in last one hour of trade. Both indices recovered nearly 380 points and 117.5 points, respectively. This recovery might be because of Crude, which touched USD 96 to a barrel and China has cut its lending rates by 27 basis Points from September 16, which also cuts its reserve requirements for small banks by 1%.

Global Cues

Stocks plummeted Monday morning as investors contended with the largest financial crisis in years that saw Lehman Brothers file for the biggest bankruptcy in history and Bank of America buy Merrill Lynch in a $50 billion deal.
The Dow Jones industrial average (INDU) lost 240 points, or 2.1%, more than an hour into the session.
The Standard & Poor's 500 (SPX) index lost 1.7% and the Nasdaq composite (COMP) lost 1%.

Lehman Bros have filed for level 11 bankruptcy.

Also crude prices have fallen significantly to 95$/barrel, down almost 5$/barrel amid reports that there is no damage to oil refineries due to hurrricane.

Today's Tip

Markets will claw back soon but experts feel that it hasnt bottomed out yet and expect more fall in coming days. Markets may bottom out around 3900-3800 levels, but these rates provides good buying oppurtunity. I would maintain my previous buying suggestions as they seems to have already bottomed out and could see windfall increase once market sentiments starts to improve. Visit previous posts to look for the stocks to be picked for buying. If one invest strategically and remains patient these share would deliver 33-75% profits in no time. Also watch for Dr. Reddy and Renuka sugar along with previous suggestions.

For futher queries and suggestions and other trading related work contact:Head OfficeBuilding No.5,BN Block Market,Shalimar Bagh,Delhi-110088Phone No: 47031300, 47030001-47, 41530314-15Email : nikunjhelpdesk@nikunjonline.comWebsite: nikunjonline.com

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Markets on Friday

It was a dreadful session for the markets, wherein bears took complete control on benchmark indices in last couple of hours. It was fourth consecutive day that markets were under pressure. They have got beaten down on huge volumes in today’s trade led by heavyweights like Reliance Industries, Infosys, ICICI Bank, ONGC and HDFC and Reliance Infrastructure.

Markets completely ignored positive IIP numbers and global cues. The Sensex slipped below 14000 marks while the Nifty just hit 4200 level again.

The Sensex has touched a low of 13,933.87, before closing down by 323.48 points or 2.26% at 14,000.81. The Nifty fell 61.85 points or 1.44%, to settle at 4228.45. It has hit an intraday low of 4200.15.

Main culprit of the day was Infosys Technologies. It dropped 6% or Rs 104.9, to settle at 1,644.10 as brokerages downgraded earnings. Infosys witnessed volumes of 465,038 shares. This was 103% higher compared to its 5-day average of 229,207 shares. It has added 26 points to this Sensex fall.

Global Clues

Stocks were volatile Friday as investors faced uncertainty about whether Lehman Brothers and Washington Mutual are likely to find buyers and whether AIG will shed its sour mortgage-related assets.

Dow Jones was down 11 pts at 11,421.

Gas prices are set to shoot up amid the news to cyclone Ike hitting US.Gas prices are poised to shoot back toward record highs after Hurricane Ike's direct hit to the heart of the nation's oil refineries, analysts said.

The average price of gasoline nationwide has already shot up 12 cents in the past two days to $3.795 a gallon, according to figures released by the AAA Sunday. And the average price of gas is now at or above $4 in Alaska, Georgia, Hawaii, Illinois, Indiana, Michigan and South Carolina.

In addition, Hurricane Ike could turn out to be the third-most expensive natural disaster in U.S. history, according to preliminary forecasts from a firm that does loss estimates for the insurance industry.

Market Tip

Markets are most likely to see a revival on Monday after a huge cut for 2^nd day running.

There is nothing much to suggest this time around due to poor market sentiments. Keep faith in Unitech, J P Hydro, IFCI and NTPC.

Among others Bajaj Auto is a good value for money stock. Technicals has maintained buy rating on Bajaj Auto, in its report dated September 2, 2008. Total volumes increased 2.7% YoY to 200,955 units. 3-Wheelers volumes declined by 4.6% to 24,324 units and YTD de-growth of 11.5%. Based on new product launches, Bajaj expects its domestic motorcycle sales to register double digit growth in 2HFY09. Our current FY09 volume growth estimate is 3.8% for FY09, implying residual growth of 2.1%. For motor cycles, our FY09 estimate is 4% growth and implied residual growth is 0.3%. We will be upgrading our estimates. The stock trades at P/E of 10x FY09E and 8.6x FY10E. we have maintained buy rating on this.

For futher queries and suggestions and other trading related work contact:
Head OfficeBuilding No.5,
BN Block Market,
Shalimar Bagh,
Delhi-110088
Phone No: 47031300, 47030001-47, 41530314-15
Email : nikunjhelpdesk@nikunjonline.com
Website: nikunjonline.com

Nikunj Stock Brokers

Markets Today

Markets plunged today to deeper level following profit booking and week global cues.

Major losers were oils companies, private banks, telecom and power.

The Sensex lost 238.15 points or 1.6%, to settle at 14,662.61 and Nifty closed with a loss of 68.45 points or 1.53% at 4400.25. BSE Midcap Index fell 1.2% or 69.27, to end at 5,708.93 and Small Cap Index lost 61.19 points or 0.88% to 6,903.42.

Among the frontliners, Sterlite Industries plunged 11.78%, SAIL -6.92%, Tata Steel -5.21%, Tata Power -3.44%, Reliance Infrastructure -3.36% and Bharti Airtel -2.93%. However, Zee Entertainment, NALCO, Suzlon Energy, Hero Honda, ACC, Grasim, Infosys and Ranbaxy Labs were gainers.

Global markets saw a bit of bounce bank after yesterday’s slump in the market. The news that Lehman Bros can’t fail has boosted the market after the fall of 45% in the share price on a single day.

The Dow Jones industrial average (INDU) gained 0.8% almost 3 hours into the session. The NASDAQ composite (COMP) gained 0.9% and the Standard & Poor's 500 (SPX) index gained 0.6%.Crude is also down and currently at 103$/ barrel.

Markets tomorrow

Markets have now become range bound between 4300-4500 levels. Its unlikely to see it breaking this barrier in near term. However a strong support can been seen if it breaks 4600 barrier. But markets for tomorrow are seen to be generally flat, with sentiments from global markets driving it.

Tip for tomorrow

1. Varun shipping

CMP-65.15

The Stock is seen as a out performer in coming weeks and is targeted at around Rs90 within two months.

2. Jaiprakash Hydro

CMP – 52.30

52 week high- 143 52 week low- 38.90

Target Price- 80

3. IFCI

CMP- 47

The stock when it reached levels of Rs30 produced shock to every technical keeping an eye on this share. It has never fallen to these levels, infact it has always seen a huge support around Rs50 in falling market. So, now this share is off its lows and all the worries so one can have a blind faith in this stock. Do keep it for as it puts a price on your Portfolio.

For futher queries and suggestions and other trading related work contact:
Head OfficeBuilding No.5,
BN Block Market,
Shalimar Bagh,
Delhi-110088
Phone No: 47031300, 47030001-47, 41530314-15
Email : nikunjhelpdesk@nikunjonline.com
Website: nikunjonline.com

Nikunj Stock Brokers

Markets on Friday

Markets on Friday saw impacts of downfall in Asian markets which saw Nifty go down 95 pts to close at 4352 and Sensex closed at 14483, down nearly 415 pts. This was aggravated by doubts in NSG deal with China changing its stance at last moment.

· FIIs net buy $331.5 mn in equity
· MFs net buy Rs 116 cr in equity
· Crude range bound, down 1.5% around $107.5/bbl
· NSE F&O Open Int up by Rs 1663 crore at Rs 71686 crore


Markets on Monday

Saturday, the nuclear deal was signed by all the 45 countries member of NSG and now the deal has moved to US Congress for clearance. This is a very positive signal for Indian Markets. Monday may see a windfall in all the sectors of Nifty and Sensex especially Power sector. Nifty is likely to close above 4450 level and sensex is likely to touch 15000 intraday. Markets may go up to 4600-4700 levels in near future.

Today’s Tips

Profit booking can be done in HPCL and BPCL at higher levels.
HPCL and Bharat Petroleum Corporation, BPCL chart. The rally of course is certainly linked to the crude prices; there is a scope for BPCL to move up by another Rs 25 odd, similarly HPCL has a possibility of going up to round about Rs 255-260 zone."

NTPC
CMP-170
The stock would have positive impact of nuclear deal and would touch 200 levels in near future.

For futher queries and suggestions and other trading related work contact:
Head OfficeBuilding No.5,
BN Block Market,
Shalimar Bagh,
Delhi-110088
Phone No: 47031300, 47030001-47, 41530314-15
Email : nikunjhelpdesk@nikunjonline.com
Website: nikunjonline.com

Areva T&D India Limited
CMP- 1627.75
This company is already into Nuclear Plant and now when the deal has been signed, we can now expect huge windfall rise in its prices. Target in near future is Rs. 1850.

Tata Motors
CMP-420
With Singur crises resolved, we can expect the prices of the share would rise significantly.

Nikunj Stock Brokers

Markets Today

Markets today saw a bit of slide due to global pressures and problems in Nuclear deal , due to fresh controversy due to leakage of Bush letter’s. Following this the 15 countries have increased there protest against deal at NSG summit being held at Vienna.

Markets ended at:-

Nifty 4447(dwn 56 pts)

BSE 14899(dwn 156 pts)

Matket ahead

Markets tomorrow like very weak amid fears of global slowdown all over the world, sharp fall in oil prices and mixed retail sales. Dow jones is currently down 300 pts and market all over the world is down.So, its expected that NIFTY would open atleast 70 pts down in the morning.

Today’s Tip

Tomorrow would provide a good opportunity to hold some ‘A’ list shares as the market looks bearish tomorrow. The stocks which could be picked are:-KSK EnergyUCO BankRPL

For futher queries and suggestions and other trading related work contact:

Head OfficeBuilding No.5,

BN Block Market,

Shalimar Bagh,

Delhi-110088

Phone No: 47031300, 47030001-47, 41530314-15

Email : nikunjhelpdesk@nikunjonline.com

Website: nikunjonline.com

Nikunj Stock Brokers

Markets Today

Tuesday saw a huge rise in the market thanks to huge drop in crude prices which saw crude fell to nearly 105$/barrel but recovered a little to close at 109$/barrel. Nifty rose sub 4500 level to end up at 4504(3.57% up) and BSE rose up sub 15000 level to close up at 15049 pts (3.57%). What was worth noticing is that all the stocks ended up in the green.
Biggest contributors for this surge were ONGC, Reliance Industries, SBI, DLF, ICICI Bank, L&T, Bharti Airtel, and Reliance Communication.
Crude has hit a 5-month low of USD 105.46 a barrel on the NYMEX as Hurricane Gustav fizzled out. It was trading at USD 108.13 a barrel, down over USD 7/bbl, at the time of writing market report. The US markets are currently flat and NASDAQ is 1.52 pts up at 2351 and Dow is completely flat.
Top Gainers on the Sensex
Stock Name
Close Price
Change %
SBI
1521.35
7.44
ICICI Bank
713.3
7.34
DLF
529.85
7.14
ONGC
1101.55
6.97
Jaiprakash Asso
173.65
6.83
Reliance Infra
1041.7
5.99
Maruti Suzuki
664.45
4.84
HDFC
2445.15
4.66
Larsen
2680.7
4.63
TCS
848.8
4.23
Amongst frontliners, SBI shot up 7.44%, ICICI Bank 7.34%, DLF 7.14%, ONGC 6.97%, Unitech 6.97% and Jaiprakash Associates 6.83%. However, Cairn India plunged 5.76%, Ranbaxy Labs -1.89% and Tata Motors -1.82%.
Realty Index outperformed other indices, jumped 367.29 points or 7.35% to close at 5,367.27. HDIL, Indiabulls Real, Unitech, DLF and Sobha Developer were up 6-16%.
Banking stocks like Kotak Mahindra, IOB, SBI, ICICI Bank and Union Bank gained 6-9.6%. Bankex shot up 425.17 points or 6.06% to 7,446.52.
Capital Goods Index rose by 439.46 points or 3.7% to 12,303.24 due to buying in Siemens, Jyoti Structure, L&T and BHEL, which were up 3.5-5.5%.
Power stocks also charged up. Reliance Infra, Suzlon Energy, Power Grid Corp, GMR Infra and Tata Power gained 3-6%. Index jumped 3.62% to 2,686.41.
Markets in India are closed today dus to Ganesh Chatruthi.. NIFTY may rose to 4600 in coming few days.

Breaking News

The Bush administration has told the US Congress that Washington will terminate nuclear trade with India if New Delhi conducts a nuclear test, and the same assurance should be written into any Nuclear Suppliers Group (NSG) green signal to India, Washington's non-proliferation lobby asserted on Tuesday. It is seen as a last ditch effort to save White House.

Following this Prime Minister has hold a cabinet meeting at 8.30 to discuss what further steps to be taken. So market would open in red tommorrow morning. Also if deal falls the NIFTY may reach 4000 levels again. Keep your fingers crossed. The result of meeting is still awaited.

Stocks to be picked for tomorrow
1.Tata Motors, Short it Target-375 Day target-400.
CMP- 429
Due to closure of Nano Power Plants in Singur which had investement around 1500cr due pressure from MAMTA BANEERJI and farmers there. The share of the company is expected to drop to Rs 400 tomorrow.
2. Buy Kalpataru Power; Tgt Rs 1030
CMP- 814
As per media reports, Road and Transport ministry has modified bidding regulation for road contracts, primarily to check cartelization. We believe it could be negative for aggressive infrastructure companies, having restriction in number of bidding. On the other hand, the competition (which is intense currently) is likely to moderate marginally and give some relief to margin of companies in this space. We believe Kalpataru Power Transmission (KPTL) through its subsidiary JMC projects is active player in infrastructure space. Hence the new regulation could adversely impact order book flow of the company in future. However, the order book of JMC projects is tilted towards building and industrial infrastructure. We retain our estimates of KPTL for FY09 and FY10 and rate it as buy with a price target of Rs 1030."
3. Buy RPL, target Rs 300
CMP-160
The production of is going to start in September and the prices of the stock is expected to rose up significantly once production starts. This is surely a stock to buy now.

For futher queries and suggestions and other trading related work contact:

Head OfficeBuilding No.5,

BN Block Market,

Shalimar Bagh,

Delhi-110088

Phone No: 47031300, 47030001-47, 41530314-15

Email : nikunjhelpdesk@nikunjonline.com

Website: nikunjonline.com




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