Indian Stock Market Blog

Intraday 15-01-2007. January 15, 2007

Buy:

GPIL for 105/= as target.

Welspun Guj for 109/= as a target.

Regards,
Bhavin

Intraday 05-01-07. January 5, 2007

Buy:

Unitech,

HCC

Buy at downfall only as market can correct 400 points in a few days. Trend not clear or expect downtrend to continue till Monday. Be very stock specific.

Regards,
Bhavin.

Intraday 04-01-07. January 4, 2007

Buy:

India Bulls,

HCC,

Binani Zinc(With S.L. ),

Zuari(In small qty not more then 50),

Nagarjuna Cons,

HOVS,

Ess-Dee,

Sterlite Opt,

Era Cons.

Regards,
Bhavin.

Intraday 03-01-07. January 3, 2007

Buy:

Unitech,

ROLTA,

ERA Const,

Mahindra Gesco,

Bombay Dye,

LITL,

GMR Infra,

DCB(Keep S.L. intact),

Daawat,

3i Infotech (Continue buying this till 220/=)

Auto sector remains in buying interests. Praj also looks good. Voltamp looks good.

Regards,
Bhavin Mehta.

Intraday 02-01-07. January 2, 2007

For day market likely to remain volatile.

Buy:

3i Info(As mentioned previously if it closes above 190/= we can see new highs.)

Torrent Power.

For delivery one can check JB Chem:

As per Religare Security Reports:
J.B.Chem, after improving for a period of 20 months
from a low of Rs.47.50 in July 2004 to a high of
Rs.139.50 in February 2006, has declined to a level of
Rs.71.20. At the current price of Rs90, it is trading in
2C ZONE i.e. short term average has moved below
the medium term average which in turn remains above
long term average and the current price is placed
between medium term and long term averages. Buy at
declines in the range of Rs.84-87 with a stop loss
below Rs81.50 for a conservative upper target of
Rs.106 and an optimistic target of Rs.118. Holding
period can be 3-4 months.

Watch out for positive moves on Praj Ind, Reliance Infr and Tata Steel.

On Shorting side one can consider GTL which has heavy resistance at 150-152/=.

Regards,
Bhavin Mehta.
HAPPY NEW YEAR 2007.

Intraday 29-12-2006. December 29, 2006

Buy:

Sobha Deve,

Parsvnath,

India Ceme,

Bombay Dye,

TCS,

RIL,

Mahindra Gesco,

TITAN,

Voltas.

Regards,
Bhavin.

Intraday 27-12-2006. December 27, 2006

Buy:

Century Tex,

Tech Mahindra,

KRBL,

Mid-Day.

Regards,
Bhavin.

Intraday 26-12-2006. December 26, 2006

Buy for the day:

ONGC S.L.: 855/=,

ROLTA S.L.:242/=,

Alstom projects S.L.: 450/=.

If 3i Infoteh closes above 190/= for the day we can see it touching new highs in coming days.

Regards,
Bhavin.

Intraday 22-12-2006. December 22, 2006

Due to lack of time was not able to post anything on the blog. Here is what have been recommended on Yahoo Messanger:

Bhavin Mehta (12/22/2006 9:54:08 AM): Moser Baer, Kale Consul, Sobha Dev, Glenmark, Alps Ind, MTNL, Rel Cap, Satyam, Great Off, Yes Bank on buy list….buy accordingly with your own S.L. and book profit as and when arrived.

Enjoy.

Top News Headlines. December 22, 2006

The Economic Times

Vodafone meet puts Hutch bidders on the edge

Reliance Communications to make its move only after Vodafone takes a call

Core fin companies may get to raise money abroad

ECBs to increase liquidity in general

PEs are India Inc’s top money-spinners

Funds raised from PEs cross IPO proceeds in 2006

The Hindu Business Line

PF body may moot hike in contribution rate to 15%

Employer’s payment on account of salary would go up by 2.6%

Government to sell residual stake in Maruti

Competitive bidding likely.

HDFC Bank hikes prime rate to 13.5%

The bank has hiked its prime lending rate by 1.5% to 13.5% with effective December 20

The Financial Express

Financial sector reforms take two steps backwards

Insurance and Pension reforms take step back

Tax sops to units in hill states may go

Area based tax benefits cost the government Rs 1,500 cr in ’04-05

Sebi cracks the whip on errant market entities

Kotak Securities fined Rs 10 lakh; Gammon India, others barred for a year

Daily News & Analysis – Money
Setback for Birlas in battle with RS Lodha

Calcutta High Court upheld an earlier order rejecting the caveatable interest of three Birla family members

Tatas may bid at 530p for Corus, unnerving punters

Indian firm lone underperformer in steel stable since October.

Investors cross fingers on derivatives market

Short positions have increased to hedge against mood shifts.

Intraday 21-12-2006. December 21, 2006

The markets were very volatile today and cracked in the last one hour before close.Today’s volatile session indicates that the market is still trying to find a direction. One should not go long/short heavily at these levels. Market can see more volatility as seen in last few days for next few sessions atleast. You should try to concentrate on your own portfolio rather then going to venture out in new unknown stocks in unknown terretory. We remain negative to neutral on SENSEX for the day.

The Economic Times

SEZs may take a Left turn, land in fresh restrictions

Cap on multi-product zones, freeze on new IT Sezs in Tier-1 cities likely

Exports set to cross target

Surge 57% to $9.7 bn in Nov

Planning to invest overseas? RBI makes it easier for you

$ Deals: Remittance scheme eased

The Hindu Business Line

‘Marketing exclusivity’ likely for city gas supplier

Period to be limited

Infrastructure: Panel to look into long-term funding

Viability gap-funding for 17 project proposals cleared.

HCL bags $200 mn, five-year contract from Skandia

HCL will hire 250 Skandia workers

The Financial Express

Forex kitty can plug infra gap: FM

Reserves likely to be routed through a SPV

Dish TV poised to spark price war by halving DTH rates

Likely to slash prices by 49%.

Mumbai airport may shut PSU oil taps

PSUs may renegotiate in 60 days

Daily News & Analysis – Money

ONGC strikes gas in Mahanadi

KG basin find may be 22 trilling cubic feet, Mahanadi 4 tcf

It’s global play for Hutch now

Besides Vodafone and Maxis, S Africa’s MTN and Qatar’s Qtel may be in the race.

Recast of petroleum duty mooted

To cushion the impact of future oil spikes.

For intraday short:
BPL with S.L. 89/=.

Polaris with S.L. 163/=,

SAIL with S.L. 84.25/=,

Other looking weak are: Sobha Dev, Zee, Tulip, SBI, Sterling Bio, Parsvnath.

Intraday 20-12-2006. December 20, 2006

For Intraday Buy:

KRBL with 5/= as S.L.,

JB Chem with 2/= S.L.,

Tulip with 10/= as S.L..

Regards,
Bhavin.

Intraday 19-12-2006. Part-2. December 19, 2006

Buy for intraday:

RIL @ 1278/=,

TCS @ 1266/=,

HCL Tech @ 625/=,

Tech Mahi @ 1195/=.

ICICI Bank @ 875/=.

Intraday 19-12-2006. December 19, 2006

Bulls showing full strengths after initial weakness which was just as expected. There seems no stop for the bulls and a buying oppertunity in selected bluechips and midcaps at low available. Asian market has opened very weak. Thailand market down by 8%. Strait Times, KLSE and Hangseng down by more then 1.25%. Though we still remain positive for Indian Stocks.

Buy following stocks for the day:

KRBL @ 145/=.
More stocks will be declared on Yahoo messanger (ID.:bhavin_mht@yahoo.com).

Do have a look at our past performance :

~~Adviced to remain away specially in FNO and also avoid any longs on Thursday night as well as Friday Morning=> Market cracks by 172 points.
~~Same message passed for Monday=> Market cracks by 400 points.
~~Same message passed on Tueseday=> Market cracks by 402 points.

~~On Tuesday Night advice all of you to buy any stock saying “Special Christmas Discount” also said buy any TOM, DICK or HARRY. And a Huge list of stocks to Buy at my site=> Market zoomed by 186 points.
~~Same Message Passed on Wednesday=> Market zoomed by 306 points.
~~Same message passed on Thursday=> Market zoomed by 126 points to end week at 13614.50.
~~Same message passed on Sunday & Monday Morning=> Market zoomed by 117 points on Monday marking very good start of the week.

Intraday 18-12-2006. December 18, 2006

Bulls in the market looks bit tired. Don’t be too much long or short at any point of time. For the day best strategy would be to short if market moves above 13740(SENSEX) and buy at dips below 13600(SENSEX). We remain positive for the day.

Buying can be considered in :

Tech Mahindra at 1127/= levels.

TTML at 17.45/= (This stock could be bought in delivery at this low levels.)

Dena Bank at 39.95/= (If this stock closes above 41/= we can see some interesting moves. For intraday keep S.L. of 38.50/=)

India Infoline at 275.80/= (S.L. 268/=)

Naukri at 574.90/= (S.L. 560/=)

Ray Ban, Peninsula Land, MNM, Nagarjuna Cons, Kalindi Rails are likely to continue their bull run.

Short:

UTV Software at 275.50/= S.L. 283/=.

Do have a look at our past performance :

~~Adviced to remain away specially in FNO and also avoid any longs on Thursday night as well as Friday Morning=> Market cracks by 172 points.
~~Same message passed for Monday=> Market cracks by 400 points.
~~Same message passed on Tueseday=> Market cracks by 402 points.

~~On Tuesday Night advice all of you to buy any stock saying “Special Christmas Discount” also said buy any TOM, DICK or HARRY. And a Huge list of stocks to Buy at my site=> Market zoomed by 186 points.
~~Same Message Passed on Wednesday=> Market zoomed by 306 points.
~~Same message passed on Thursday=> Market zoomed by 126 points to end week at 13614.50.

Intraday 15-12-2006. December 15, 2006

Buy following stocks for the day:

Note: The tag (FNO) besides the script is only for information and not a reco to buy the stocks in FNO. Buy only in Cash Market To Be on Safe side.

BEL (FNO) C.M.P.: 1292.20/=.

BOI (FNO) C.M.P.: 185/=.

Bombay Dye (FNO) C.M.P.:719.40/=.

Lanco Infrastructure (FNO) C.M.P.: 243.70/=.

Parsvnath (FNO) C.M.P.: 468.90/=.

RNRL C.M.P.:22.05/=.

Sterlite Optics (C.M.P.: 222.25/=.)

Voltas (C.M.P.: 107.15/=.)

Yes Bank C.M.P.: 134.70/=.

EKC (C.M.P.: 651.25/=.)

Two stocks where one should take care if they are long or thinking to go long are, shorting in these stocks at different levels can be considered.:

ZEE and Sterling Biochems.

Adviced to buy in morning itself as all my stocks zooms in morning itself and book part profit as and when market makes new intraday highs. Do have a look at our past performance :

~~Adviced to remain away specially in FNO and also avoid any longs on Thursday night as well as Friday Morning=> Market cracks by 172 points.

~~Same message passed for Monday=> Market cracks by 400 points.

~~Same message passed on Tueseday=> Market cracks by 402 points.

~~On Tuesday Night advice all of you to buy any stock saying “Special Christmas Discount” also said buy any TOM, DICK or HARRY. And a Huge list of stocks to Buy at my site=> Market zoomed by 186 points.

~~Same Message Passed on Wednesday=> Market zoomed by 306 points.

Hope all of you benefited from my analysis. For more updates keep checking my website: https://stockstorm.wordpress.com

Thanks and Regards,

Bhavin Mehta. (bhavin_mht@yahoo.com)

https://stockstorm.wordpress.com

Intraday 13-12-2006. December 13, 2006

Market may open weak for the day but can find strength on back of strong buying. One can look for buying oppertunity at dips. Following sectors and stocks looks hot for the day:

Petroleum (Look at HPCL, BPCL, IOC, IPCL.)

Infrastructure (Parsvnath, Lanco Infra, GMR Infra, Patel Engi, IVRCL Infra.)

Bank, Tech(UTI Bank, Financial Tech, Tech Mahindra, Infosys, Aptech.)

Others Mixed(TITAN, Opto, Maharhtra Seamless, EKC, Panama Petro.)

But dont foget to keep appropriate S.L. in such markets.

Regards,
Bhavin Mehta.

Intraday 08-12-2006. December 8, 2006

Advicing all investor to take care as correction is due for the day. Longs can be avoided for heavyweights stocks. Keep S.L. if one is going long.

Regards,
Bhavin.

Market update. December 5, 2006

Tuesday, Indian markets commenced trading in positive territory on the strength of heavyweights across the board. The weighted BSE Sensex gap up opened a whopping 154 points at 14,028.47 and the NSE S&P CNX Nifty commenced flat at 4,001.25.

Currently, the Sensex is trading at 13,935, gaining 61 points, while the Nifty is up 16 points at 4,014. Investors are showing buying interest for stocks in the IT, cement and pharma sectors.

Among the Sensex stocks, Tata Steel, Wipro, Ranbaxy, HDFC bank and L&T are gaining almost a percent each. On the other hand, HDFC and ONGC are trading marginally lower.

At the NSE, GSK Pharma and Gujarat Ambuja are spurting more than 1.5% each. HCL Tech, BPCL and L&T are rising over a percent each. However, HDFC is declining 1% and is trailed along by Tata Motors and GAIL with a drop of over 0.5% each. ACC and Cipla are down about half a percent each.

The market breadth is in support of the gainers, who are leading the losers in the ratio of 28 to 2 at the Sensex and in the ratio of 45 to 5 at the Nifty. At the broader markets also, the advances are maintaining a comfortable lead over the decliners.

Intraday 05-12-2006. December 5, 2006

Short Selling List For The Day:

BEL,
ABB,
RCOM,
Bharti Artl,
Bajaj Auto,
Naukri.

All at high price with strictest S.L.

Regards,
Bhavin.

Intraday 05-12-2006. December 5, 2006

Buy:

GMR Infra,

Hindalco,

Reliance Ind.

Intraday 01-12-2006. December 1, 2006

For Intraday Buy:

Reliance infra(Too many got trapped in this counter yesterday, even when said it looks weaker. 😦 )

Bata(Carry forward.),

BILT (This stock is at support.),

HOV(Another stock at Support.),

India Bull (This Bull Is picked up by known industrialists.),

IDBI (On chart at support, LNT’s interest in bank sounds interesting for whole sector.),

KS Oil (My All Time Favourite for next two months, Yesterday there were some big deals in morning.),

Siemens (Got Trapped? Try To Buy Some more if possible.),

Titan(Many brokerage houses recommended at 790-800/= levels with S.L. 775/= well it went down more then that, Look for Uptrend.),

Short:

ACE(Last few days heavy built up likely to see some S.L. hitting, Dont forget to keep S.L. on higher sides. 🙂 ),

Dena Bank(Short with S.L. 38.50/= Likely downward bias.)

Regards,
Bhavin.

Intraday 30-11-2006. November 30, 2006

Buy:

Bata(Soon short term breakout on charts.),

GDL(Allready have given a breakout.),

Raipur Alloy(BSE Only where Rel Cap has picked up some stake.),

Pricol,

Tata Motors,

LNT.

Regards,
Bhavin.

Intraday 29-11-2006. November 29, 2006

Buy:

Naukri,

Alstom Proj at lower levels only.

Regards,
Bhavin.

Intraday 28-11-2006. November 28, 2006

Complete negative cues from global markets. One can buy on dips and not worry about index as such specifically.

For Intraday traders can buy following stocks only after considerable decline, and do keep some money to avearage out in intraday. Caution adviced in all trades. Keep S.L. appropriately.

Divi Lab,

Hanung,

Hotel Leela,

Pidilite Ind,

Sterlite Opticals,

Voltas.

Intraday 27-11-2006. November 27, 2006

Market looks good over a period of 3 months to 6 months but for intraday a bit of negative bias coulad not be ignored. One new listing LANCO and one relisting GE Shipping today.

One can buy following stocks for intraday:

AIA Eng,

Titan,

Arvind Mill(Bit Risky)

Motherson Sumi.

Intraday 23-11-2006. November 23, 2006

Buy:

Aptech,

Essar Oil,

Spanco,

Prithvi,

Short sell

Sterlin Bio and NDTV after opening and uptrend only.

Regards,
Bhavin.

Intraday 22-11-2006. November 22, 2006

Hope Everyone enjoyed my yasterday calls on KS Oil, LNT. Also my article last article. Keep Tata Steel for some more time as said here.

For the day buy:

Adlabs Film,

Bombay Dye,

Century Tex,

HCL Tech,

Naukri (On Downside good.)

Voltas.

Intraday 20-11-2006. November 20, 2006

Buy as market corrects:

Mphasis BFL,

Bombay Dye,

Dewan Hous,

JET Air,

NDTV,

NELCO,

RCOM,

Rolta,

Sesa Goa,

TNPL,

Voltas.

Short Sell in morning only:

Cipla,

Escorts.

Market may correct by 100 points and then move up. Wait for clear directions.

Thanks,
Bhavin Mehta.

Intraday 17-11-2006. November 17, 2006

Buy:

Voltas,

Titan (Strong support at 740/= S.L. at same level. FNO Script)

Sell:

BOI(S.L. 198/=)

BOB(S.L. 275/=)

INTRADAY 16-11-2006. November 16, 2006

BUY:

CENTURY TEXTILES,

ACC,

GACL,

HIND ZINC,

SESA GOA,

TV18(LAST DAY FOR TRADING THIS MONTH.)

THANKS,
BHAVIN.

Intraday 15-11-2006. November 15, 2006

Market likely to correct after strong opening in morning. More update during market hours.

Buy:

GNFC,

JK Ind,

Shyam tele,

Wockhardt.

Shorting can be considered in:

Century Tex,

Cummin,

Siemens,

Tech Mahindra.

Intraday 14-11-2006. November 14, 2006

Buy:

India Bulls,

Neyvelli Lig,

PBA Infrastructure,

Bharti Artl,

Divi’s Lab,

Infosys,

Jet.

Market likel to open firm and then reverse and remain in range.

Regards,
Bhavin.

Intraday 10-11-2006. November 10, 2006

Buy:

Adlabs,
Era Cons,
Fin Tech,
Glenmark,
MNM,
Sterlite Opt,
Tata Steel.

Short Sell:
Garware Off,
ACC,
Shyam Tel,
Tech Mahin(Above 990/=)

Intraday 09-11-2006. November 9, 2006

Buy :

Atlanta,
Century Textiles,
Era Construction,
India Infoline,
Punj Lloyd,
Shyam Tele,
Moser Baer,
Siemens.

Sell:

RMCL.

For 09-11-2006. November 9, 2006

Market likely to be ridden by bulls. However will update you more during market hours.

Regards,
Bhavin.

Book Profits.~08-11-2006. November 8, 2006

Market does not hold great upside for the day. There can be a downside correction definitely. Be selective in your stocks. The Union Government proposes to tap the cashrich West Asian countries for investments in power and other infrastructure projects in India. Tata Teleservices is believed to be back at the negotiating table with South Korea Telecom to sell stake to the company. Asian markets were mixed in midmorning trading Wednesday, with Japan\’s Nikkei 225 Index falling back as investors looked beyond gains on Wall Street to focus on a rise in the yen and possible negative effects on exporters such as Canon Inc.

Intraday 06-11-2006. November 6, 2006

Buy:

Nagarjune Construction,
Neyvelli Lignite,
Thermax,
Zee Tele.

Sell:
HPCL,
BPCL,
IDBI,
Tech Mahindra.

All above stock are for intraday. As said on Thursday one could wait for decent gain before entering market. Market likely to slide and some down side definitely visible. Shyam Tele relisting today.
Brokerage houses are bullish on Aban Offshore, Sundaram Claytons, ORG Informatics, Prithvi Info, Hotel Leela, Tata Steel, SAIL, Nalco, RIL, Indian Hotels, Anant Raj Ind, Spanco Telesystems, 3i Infotech, Subros and Syndicate Bank.

Intraday 03-11-2006~Part 2. November 3, 2006

Short sell:
RIL,
Shree Precoated,
Tech Mahi.

All at higher levels.

Regards,
Bhavin.

Intraday 02-11-2006. November 2, 2006

Must Buy:

LNT,
Moser Baer,
Jaiprakash Associate,

Other as well important buys:
ACE, Gayatri Proje, GMR Infra.

Today its day of Auto and newly listed IPO. Check those. Bajaj Auto, MNM, Maruti Udyog.

Compensations in various forms received by BPCL helped the company report a net profit of Rs 1,258.5 crore for the second quarter of the current fiscal, as against Rs 18.8 crore in the corresponding quarter of last fiscal.

Regards,
Bhavin.