Wednesday, April 30, 2008

Daily Market Outlook : 30th April, 2008 (Wednesday)

Market has given a breakout and closed above critical resistances. Immediate target for the Sensex is 17607-17860 and Nifty is 5330-5368.

Sensex Resistance 17472-17607-17860. Support 17223-17076-16958.

Nifty Resistance 5261-5330-5368. Support 5142-5094-5055.

Free Indian Stock Tips

1. Recap: Nagarjuna fertilisers gave a profit of RS 90, ICICI bank gave a profit of Rs 900 and Reliance energy gave a profit of Rs 2100 per 100 shares bought as per recommendation.

2. Indian Stock Market Update: Nifty achieved a high of 5210 on the back drop of market taking CRR hike positively. Thus one can not say how market will behave as had market fallen post CRR hike people would have had blamed RBI for sucking 35000 crores from the investment circle which led to fall of the market. Thus one has to be alive to the situation to take the impromptu decision or be ready with a set plan. Thus it appears that on back of positive move in the market today one will be able to see Nifty touching 5300 levels. However Nifty has to sustain above 5185 to prove the strength in the market. I think now the market will be propped up by Relaince group shares to include Reliance and Reliance petroleum.

3. Strong Future Stocks

Bombay Dyeing
Sasa Goa
Chambal Fertilisers
Bata India
Titan
IFCI
BRFL
Nagarjuna Fertilisers
Channai Petro
Lic housing finance

4. Weak Future Stocks

Siemens
Indian Bank
India Cements
ZEEL
Sree Cements
Maruti
Grasim
Crompton Greaves
SKumars
ACC

5. Free Indian Shares - BSE Stock Market Tips:

Buy Reliance>2681.1,2696,2733 sl 2658
Buy TV Today network>127.5,129.5,131,137 sl 125.8
Buy Reliance Petroleum>204.1,206.5,210 sl 199.5
Buy NTPC>196.2,197.5,200 sl 194.5

Premium Market

Latest Grey Market Premium Dt. 30-4-2008

Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Kostak

(Rs. 1 Lac.)

Aishwarya Telecom

32 to 35

10 to 15

--

Gokul Refoils

175 to 195

--

--


New Public Issue(IPO)

Public Issues (IPO) Dt.: 30-4-2008

Company Name

Open

Date

Close

Date

Issue Size

Offer

Price

Rating

Recomm.

Gokul Refoils & Solwent Ltd.

(Book Building)

8-5-08

13-5-08

7158392 Shares

(Rs. 139.5 Cr.)

175 to 195

--

--


Speculative Scrips

Company Name

CMP

Company Name

CMP

Ferro Alloy

30.00

Deep Ind.

141.10

Gujrat Foils

131.50

Spice Mobile

26.50

Assam Company

22.95

Mukesh Steel

26.00

Uttam Galwa

39.40

Gold Ston Infra

49.00

Mewar Playtex

15.75

Pricin Techno

24.40

IT People

30.10

Media Video

34.05

Medicaps

76.90

Mazda Ltd.

72.60

Mukat Pipes

14.75

Premier Ind.

153.00

Balasor Alloy

63.45

Foods & Inns

392.00

Hariyana Ship Breakers

35.00

SEL Man.

401.55

STL Global

23.00

Mind Tack

52.00

Fortin Labs

20.00

Orient Press

45.55

BPL

56.00

VBC Ferro

293.00

Tremendous Performance of our Last Recommendations:

(From Intra Day High Rate)

Facor Alloy (+1), FACT (+1), Asian Granito (+4), Mayur Leather (+4),

Twillight Litika (+2), Acrysil (+4), Nelcast (+2), Rama News Print (+3),

Deggar Forst (+2), Bal Pharma (+1), Mysor Paper (+1)

Funda-Picks

Company Name

Recomm.

CMP

Berger Paints

Buy

43.90

Reliance Power

Buy

402.00

RPL

Buy

202.50

RNRL

Buy

121.00

LIC Housing

Buy

353.00

Modern India

Buy

274.00

Allied Computer

Buy

24.25

Dhampur Sugar Mills

Buy

68.10

Ballarpur Ind.

Buy

30.05

Guj. Apollo Ind.

Buy

246.00

Guj. Alkalies

Buy

192.55

Titan Ind.

Buy

130.00

Gruh Finance

Buy

167.25

Alfa Laval

Buy

920.00

J. K. Tyre

Buy

128.90

NTPC

Buy

194.65

Ansal Infra

Buy

174.00

Syndicate Bank

Buy

76.70

Vijya Bank

Buy

54.00

GMR Infra

Buy

157.00

SRF

Buy

124.00

Shivvani Oil

Buy

601.00

IRB Infra

Buy

212.70

Ankur Drugs

Buy

259.95

India Glycol

Buy

299.00

Bank Of India

Buy

332.90

Dena Bank

Buy

58.70

Company Name

BSE Code

CMP

Stoploss

Target

Celestial Labs

532871 / NSE

46

43

55

Ind Swift Lab

NSE

56

54

65

Goldston Infra

532439

49.55

48

60

Terrific Performance of our Last Recommendations:

(From Intra Day High Rate)


Reliance Power (+4), RNRL (+6), IFCI (+3), IDFC (+7), First Source (+2),

Bank of India (+9), Gayatri Projects (+4), LIC Housing (+7), Nagarjuna Construction (+7),

IRB Infra (+5), JP Assosiates (+5), Hanung Toys (+8), Atlas Copco (+4)

Technical Share

Company Name

Recomm.

CMP

Dr. Reddy

Buy

627.00

MTNL

Buy

114.30

Aptech

Buy

260.00

Satyam Computer

Buy

479.00

HCL Techno

Buy

286.00

NIIT Techno

Buy

137.00

Infosys

Buy

1750.00

Mphasis BFL

Buy

237.00

Patni Computer

Buy

262.10

Wipro

Buy

479.00

TCS

Buy

910.00

IOC

Buy

448.40

R. Capital

Buy

1504.00

Axis Bank

944.00

Adlabs

Buy

766.00

Sterlite Ind.

Buy

898.00

SBI

Buy

1795.00

ICICI Bank

Buy

1402.00

Fantastic Performance of our Previous Recommendations:

(From Intra day High Rate)

M & M (+5), REL (+31), Axis Bank (+30), Gail (+11), TCS (+50), 3 I Infotech (+19),

Patni Computer (+14), Sterlite Techno (+13), Sun Pharma (+16), ICICI Bank (+34),

HDFC Bank (+45), Educomp Solutions (+16)