Quotes with Resistance & Support
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Intraday calls for 11-07-11

Posted on: July 11th, 2011 at 8:25 am

Markets likely to open flat. Support for nifty is at 5610 and resistance at 5700

Buy Siemens Ltd at 912-916, target: 928. Stoploss: 902 – (if entered, book at 930)

9.31am – buy Ranbaxy at 556, target: 561. Stoploss: 551 (trade in small quantity) – (Book profit in Ranbaxy at 561)

10.07 am – buy havells at 396, target: 401. Stoploss: 391 (trade in small quantity) – (SL Triggered)

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529 Responses

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Comment pages: 262728293031323334Show all

  1. CB Says:
    July 11th, 2011
    Posted at: 3:28 pm

    Hi apoorv, most welocme.


  2. ramaswamy Says:
    July 11th, 2011
    Posted at: 3:29 pm

    ok tahx sir


  3. CB Says:
    July 11th, 2011
    Posted at: 3:30 pm

    Hi ramaswamy, most welcome.


  4. CA.Tejas Says:
    July 11th, 2011
    Posted at: 3:30 pm

    Hi CB, WHether can be entered at cmp...


  5. apoorv Says:
    July 11th, 2011
    Posted at: 3:31 pm

    CB i have one more stock in my holdings & dats sanghvi forge
    it has been one of the weakest ipo's i guess i m holding it @ Rs 41 wat r ur views on it


  6. himanshu Says:
    July 11th, 2011
    Posted at: 3:32 pm

    hey cb/kartik
    When infosys is going to declare the results?
    I have infosys @3200
    Can i cover my cost??


  7. akalya Says:
    July 11th, 2011
    Posted at: 3:32 pm

    bye cb and everybody


  8. Chandan Says:
    July 11th, 2011
    Posted at: 3:33 pm

    Hi CB, I have bought Cipla Ltd. @328. What is your view on this co. ?


  9. ac Says:
    July 11th, 2011
    Posted at: 3:34 pm

    BYE CB...HOPE MARKETS FALL FURTHER TOMOROW


  10. shiva Says:
    July 11th, 2011
    Posted at: 3:35 pm

    how is the closing?


  11. ac Says:
    July 11th, 2011
    Posted at: 3:36 pm

    HI CB...I JUST NOTICED BANK NIFTY MADE A TRIPLE BOTTOM AT 11108...DOES THAT MEAN IT WILL NOT COME DOWN FURTHER....THANKS IN ADVANCE


  12. pradeep Says:
    July 11th, 2011
    Posted at: 3:37 pm

    thnk u 4 ur suggestion.........


  13. Akash Says:
    July 11th, 2011
    Posted at: 3:48 pm

    Hi CB, So shud I continue to hold 5400 PE. Target at least 50.


  14. CA.Tejas Says:
    July 11th, 2011
    Posted at: 3:48 pm

    Stock Analysis FIEM INDUSTRIES LIMITED invest at CMP for long term prospective for 30 to 40 % return in 2 yrs.

    Fiem Industries Limited is a company in the business of automotive components. It manufactures and supplies auto components (automotive lighting and signally equipments being major components), rearview mirror, prismatic mirror, sheet metal parts and moulds, and block and dies for two-wheeler and four wheeler components.

    Fiem industries has formed a JV with Ichikoh Industries, Japan for four wheel and two wheel lamp business. Fiem will hold 34% stake in this JV. Company has signed two memorandoms with Ichikoh Industries Limited of Japan, which is having a worldwide Alliance with Valeo of France called Ichikoh-Valeo Alliance, the worlds No. one manufacturer of Automotive Lighting and Signaling Equipments.

    First MoU is for setting-up a Joint Venture Company for manufacturing of Automotive Lighting & Signaling Equipments for catering to four-wheeler OEM Customers both in Northern and Eastern India. Second MoU is for forming a Strategic Global Fiem-Ichikoh Alliance for acquiring the 2-Wheeler Automotive Lighting business in worldwide market. Under this Alliance, Fiem Industries Limited and Ichikoh Industries Limited will tap global 2-Wheeler Automotive Lighting business by strategic use of core competencies, manufacturing facilities, technical expertise, and sales network of both the companies.

    With Ichikoh forming JV with Fiem, Fiem will get technological benefits from Japanese company. This should translate into better business opportunities, higher revenues and profits in future.

    Company has acquired a new Industrial Plot measuring in June,2010 in Industrial Area Tapukara, Distt. Alwar in Rajasthan. This is strategically located in close proximity to upcoming new Factory of Honda Motorcycle and Scooter India Pvt. Ltd. and existing factory of Honda Siel Cars India Ltd. In this plant, company will set up the facilities of Injection Molding and Paint Shop for which the construction has already been started.

    With these developments going on in company, once Ichikoh alliance starts contributing to company’s financials, stock should definitely get re-rated in stock markets considering growth.

    Stock Valuation:
    At current stock price of Rs.152, the stock trades at 12 month trailing P/E of 16.52 Company is expected to post EPS of more than 12 for next year. With this EPS consideration and similar valuations, stock price target could be Rs.198 for one year time period. If you consider joint venture with Ichikoh and new opportunities generated by this JV, there could be huge growth for Fiem.

    One may buy stocks of Fiem at current price and at dips for long term capital appreciation.


  15. raj Says:
    July 11th, 2011
    Posted at: 3:49 pm

    u missed my query.

    CB,
    Long in HCC @ 34.7, now 33.15, broker has given a s/l of 32.5, for the target of 40-42, please suggest.


  16. CB Says:
    July 11th, 2011
    Posted at: 3:54 pm

    Hi CA.Tejas, wait for a 3-4% dip. thanks for the reports

    Hi apoorv, yes, technically does look weak. its a small cap company. hold it for short/ med term. its possible sees some buying interest from 35-37 levels

    Hi himanshu, results will be out tomorrow. lets see how it shapes up

    Hi akalya, bye. have a good evening

    Hi Chandan, its a strong bet. hold it for short term. can see 340

    Hi ac, as of now seems like a flattish opening. depends on Infy results tomorrow. bank nifty may remain a bit weak

    Hi shiva, no breakout yet. below 5590 can trigger some selling pressure

    Hi pradeep, most welcome

    Hi Akash, yes, hold it

    Hi raj, yes, hold it. can see 37 in short term. if possible hedge with a 30 put

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