Intraday calls for 12-07-11

Quotes with Resistance & Support

Market Information

Intraday calls for 12-07-11

Posted on: July 12th, 2011 at 8:25 am

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Markets likely to open lower, Support at 5550

Buy Nestle India on dips (trade in small quantity)

11.06am – high risk call: sell bata India at 625, target: 614. strict Stoploss: 634 – (book profit in bata India at 616-617)

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528 Responses

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bj arun Says:
July 12th, 2011
Posted at: 9:18 am
hi cb n alll goog morg see infosys result
Second largest software services exporter Infosys has reported better numbers in the first quarter FY12 as compared to guidance given by the company. Numbers were in-line with the market expectations.
Company reported consolidated first quarter net profit at Rs 1,720 crore, down 5.4% as compared to Rs 1,818 crore in previous quarter.
Consolidated revenues for the quarter ended June 2011 was Rs 7,485 crore.
Numbers were slightly below the CNBC-TV18 poll but experts say it was in-line with their expectations. CNBC-TV18 poll saw the net profit at Rs 1736 crore and revenues at Rs 7,520 crore.
Earnings before interest and tax for the Q1FY12 was Rs 1952 crore as against Rs 2102 crore in previous quarter.
Moshe Katri of Cowen & Co and Nilesh Shah of Envision Capital said numbers were in line with their expectations. However, margins disappointed the street, they added.
EBIT margin for the quarter ended June 2011 stood at 26.1% as against expectation of 27.1%.
Other income increased to Rs 443 crore from Rs 415 crore.
Volume growth in the June quarter was 4%. North America contributes 64.2% of total revenues in Q1 as against 63.7% in previous quarter.
Guidance
IT bellwether expects earnings per share (EPS) at Rs 128.20-130 and revenues at Rs 31,777-32,311 crore for the financial year 2011-12.
In dollar terms, company sees EPS growth of 10-11.5 to USD 2.88-2.92 for FY12.
For the quarter ending September 2011, Infosys expects revenues at USD 1.73-1.755 billion and EPS of USD 0.67-0.68, a growth of 3.1-4.6%.
AJ Says:
July 12th, 2011
Posted at: 9:18 am
Can i enter GITANJALI for intrday?
Kartik Says:
July 12th, 2011
Posted at: 9:20 am
Hi bj arun, thanks for the update
Hi AJ, Yes, keep a SL at 306
Vishal Says:
July 12th, 2011
Posted at: 9:20 am
Hi Kartik, Can i enter Nifty 5600 CE now ?
shiva Says:
July 12th, 2011
Posted at: 9:20 am
kartik...any suggestions after opening...punj @ 75 rcom @ 97.20..
Kartik Says:
July 12th, 2011
Posted at: 9:21 am
Hi shiva, continue to hold them for some time
Hi Vishal, no, can be a risky bet
akalya Says:
July 12th, 2011
Posted at: 9:21 am
hi karthik what about timken india??
airbites Says:
July 12th, 2011
Posted at: 9:22 am
Hi bj arun,
Thx 4 update
bj arun Says:
July 12th, 2011
Posted at: 9:22 am
cb why infosys down 5 % its result are market expectation right
Kartik Says:
July 12th, 2011
Posted at: 9:22 am
Hi akalya, above 225 looks good
MBA tejas gupta Says:
July 12th, 2011
Posted at: 9:23 am
Buy UTVSOFT cmp 800 and dipppp
Buy ECLERX cmp 850 and at DIP .......
Kartik Says:
July 12th, 2011
Posted at: 9:24 am
Hi bj arun, yes, seems profit booking
MBA tejas gupta Says:
July 12th, 2011
Posted at: 9:26 am
Buy ITC @ 203 , stoploss 200 , target 204 - 206 - 209
shiva Says:
July 12th, 2011
Posted at: 9:27 am
holding july 5200 pe since last month...any suggestions on when to exit...anyways buying price is impossible to come by
himanshu Says:
July 12th, 2011
Posted at: 9:27 am
good morning sir..
nifty breaks it support
Can it b seen at more downsiide??
Lalith Says:
July 12th, 2011
Posted at: 9:27 am
Hi Kartik, GM, shorted L&T at 1824, please advise