5 Jan 2010

5 Jan 2010
Asian Markets :
SGX Nifty : + 50(5293)
HangSeng : + 297.47(22120)
Nikkei : + 101.63(10756.42)

Market will open with a strong note in line with positive Asians. SGX Nifty was trading at 5297 with 54 points higher than yesterday’s closing 5243.Kep booking profits on higher levels. Now Nifty has a support at 5150-5165 levels.
Nifty may resist at 5300 levels. A couple of closings above 5300 level will hold the bullishness.Market is increasing on low volumes and it will be a helping hand for bears. Another reason to worry is Crude Oil was trading above US $ 80. So suggestion is book profits at higher levels or trail your stops to enjoy profits.
Recommendations :
Note : Follow buy recommendations if market is in positive bias and v.v.
Buy :

Axisbank sl 978 Trg 1020
ITC sl 250 Trg 260
Balramchin sl 136 Trg 144/148
BBTC Trg 314
JPAssociat sl 148 Trg 161
RNRL sl 69 Trg 74
Autoline Ind sl 121 Trg 131
Low Risk High Return :
Punjlloyd sl 203 Trg 217
BRFL sl 192 Trg 198/202
Jaicorpltd sl 208 Trg 223
Madrascem sl 111 Trg 120
Gujfluoro sl 128 Trg 139
Wockpharma sl 171 Trg 180
Buy (Conditional) :
HDFC abv 2692 if sustain sl 2664 trg 2744
Finantech in between 1391-1413 sl 1376 Trg 1490(Res at 1430)
Relmedia abv 272 sl 267 Trg 280
EKC abv 149 sl 143 Trg 154/160(positional)
IDBI watch abv 132
Rcom abv 178 closing
GIPCL watch
Buy Positional :
LICHSGFIN sl 807 Trg 852
KGL sl 16 Trg 20
Mcdowell-n sl 1291 Trg1365
Educomp sl 740 Trg 770/795
Alphageo sl 220 Trg 270
Previous Calls :
Hold Long as per yesterday’s BTST
Pateleng sl 464 Trg 490
WelGuj : As per yesterda’s BTST, book profits at 280 levels as it is a major resistance.
Finantech : If holding as per 31st dec call raise sl to 1391
PNB : If holding as per 30th Dec call, hold long with trail sl 915 for Trg 940
BankNifty : As per yesterday’s BTST, hold long with a trail sl at 9060 for short term Trg 9224/9338
Sell :
Denabank Sell on rise
CIPLA sl 340 Trg 307(below 330 close)
GAIL sl 396 (below 409 close)


Results today: Prism Cement


Dr Reddys Labs announces results of phase III trial of Balaglitazone
Result indicate primary endpoint of HbA1c reduction
Balaglitazone is drug used for treatment of type II Diabetes
DRL working with RheoScience in drug development
Cipla in talks with GSK, Teva for supplying generic drugs – Mint
Cipla Chairman says company in talks with GSK Pharma & Teva to supply generic drugs: Agencies
Anand Mahindra Says
Commercial vehicle market clearly in upswing
M&M-Navistar JV will cater to export markets as well
Not averse to inorganic growth in 2-wheeler space
Other stocks that are in news today:
Godrej Properties lists today, issue price at Rs 490
Government to take stricter stand against high emitting sub-critical power plants, may deny fuel linkages, BHEL could be hit – FE
Suzlon in talks with WL Ross, BC Partners to raise upto $500m – Reports
Jindal Steel and Power (JSPL) raises Rocklands offer by 18% to match Chinese Company’s offer, values Australian miner at $197m – DNA
Indian ADRs:
Tata motors up 7%, MTNL up 7.5%, Sterlite up 6.1%
Ambuja Cements December cement sales at 1.73 mt versus 1.66 mt (YoY)
Shree Cements December cement sales at 8.6 lakh tonne versus 7 lakh tonne (YoY)
Zylog Systems board meet on January 9 to consider acquisition of a company in Canada
M&M launches trucks through JV with US Navistar
Source : Moneycontrol
Market cues:
US markets surge on day 1 of 2010
Crude surges above USD 81/bbl
Dollar index slips below 78 mark
FIIs net buy USD 178.7 million in equities on December 31
NSE F&O Open Int up Rs 6,552 crore at Rs 81,557 crore
FIIs net buy Rs 613 crore in cash markets on January 4
DIIs net buy Rs 2330 crore in cash markets on January 4
FIIs net sell Rs 51 crore in F&O on January 4
F&O cues:
Futures Open Int up Rs 2318 crore
Options Open Int up Rs 4233 crore
Nifty Futures add 10 lakh shares in Open Int
Nifty Futures at 8-point premium
Nifty Open Int PCR at 1.21 versus 1.20
Nifty Puts add 37 lakh shares in Open Int
Nifty Calls add 28 lakh shares in Open Int
Nifty 5100 Put adds 10 lakh shares in Open Int
Nifty 5200 Put adds 5.6 lakh shares in Open Int
Nifty 5300 Call adds 4.8 lakh shares in Open Int
Nifty 5400 Call adds 4.3 lakh shares in Open Int
Stock Futures add 5 crore shares in Open Int
FIIs in F&O on January 4
Net sell Rs 46 crore in Nifty Futures
Net buy Rs 230 crore in Nifty Options
Net sell Rs 257 crore in Stock Futures
Fresh long positions were seen in Chambal Fertiliser, IFCI, Ashok Leyland and Jaiprakash Associates. Chambal Fertiliser gained 10% and its futures Open Interest was up 36%.
IFCI shot up 5% and its futures Open Interest was up 10%. Ashok Leyland rose 5.4% and its futures Open Interest was up 16%. Jaiprakash Associates went up 4.7% and its futures Open Interest up 6%.
Arbitrage positions were seen in Neyveli Lignite. The stock rose 5.1% and its futures Open Interest was up 20%.
Fund Action witnessed in JSW Energy, Apcotex Ind, BSEL Infra, FCS Software, HSIL and Kinetic Motor.
ICICI Bk sells 93 lakh shares at Rs 100.03 per share
Apcotex Ind buys 1.65 lakh shares at Rs 89.50 per share
Landmark Cap sells 1.66 lakh shares at Rs 89.50 per share
BSEL Infra
Total Network sells 10.37 lakh shares at Rs 16 per share
FCS Software
Innova Svcs sells 74.5 lakh shares at Rs 15.50 per share
HSIL  Yamuna Vyapar sells 2.9 lakh shares at Rs 79 per share
Kinetic Motor
Kinetic Engg sells 3.8 lakh shares at Rs 22 per share


Oil rises above $81 as cold weather chills U.S.

Oil started the new year Monday trading above $81 a barrel, almost double what it fetched at the beginning of 2009 even though the U.S. is using much less.
Prices, which have been propped up by a weak dollar, will get even more support as winter weather chills the country. That means gasoline, heating oil and other fuels are also probably headed higher as the market tests how much people are willing to pay for energy.


Yesterday Dalal street witnessed Tea-part and it seems to be continued today. Yesterday, sugar stocks went up because of prices of commodity soared.
Shree Renuka Sugars has gained 1.2% at Rs 225. Over 10,900 shares have changed hands at the counter so far. Bajaj Hindustan has added 1% to Rs 227. Around 17,117 shares have been traded on the BSE.
Balrampur Chini Mills is up around 1% at Rs 134 with trades of over 13,450 shares.
Triveni Engineering and Industries has added 1.12% to Rs 109. Dhampur Sugar Mills has jumped 2.3% to Rs 139. Dwarikesh Sugar is up 1.5% at Rs 113.
Simbhaoli Sugars has rallied 2.6% to a new 52-week high of Rs 77. Uttam Sugar Mills has surged 5% to its upper circuit of Rs 70.05. Around 510 shares have been traded with 1,400 buy orders pending at the counter.
Dwarkesh sugar was up by 6.86 % to Rs.119
Oudh Sugar was up nearly 13 % and closed at 74.70
However, Andhra Sugar has slipped 1% to Rs 119.
Ex-mill sugar price in the state is at a record high of Rs 3,700 a quintal. Prices have gone up 7-8% in one month, though crushing season is on.
The Union government has allowed duty-free import of raw sugar to tide over the domestic production shortfall. In the 2008-09 season ending October 2009, domestic sugar output fell 42 per cent to 15 million tonne, causing retail sugar prices to more than double. Currently, sugar is selling at Rs 42-43 a kg in retail.
UP is the country's second biggest sugar producer after Maharashtra, and home to top producers like Bajaj Hindusthan and Balrampur Chini Mills. The UP sugar industry is also estimated to be incurring additional warehousing charges of Rs 5 crore every month.
Correspondingly, Tea stocks also rose.
Jaysreetea was up with 3.12 %
Tatatea closed with gaining Rs.8
Assamco was up with nearly 6% to 23.10
Bombay Burmah was up by almost 5%
Dhunseri tea was up by 1.8%
Goodricke was up with almost 2%
Harrison Malayalam also closed in green.

Disclaimer :

This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.