Intraday calls for 20-07-11
Markets likely to open higher, support for Nifty at 5590
Buy Ranbaxy at 549, Target: 558, SL 542 – (Sl triggered)
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Kartik Says:
July 20th, 2011
Posted at: 4:34 pm
Hi Siddharth, ashok is facing resistance near 52 levels. will do well once crosses it. idbi above 140 can see 146.
Hi Ary, will need to exit these tomorrow. ranbaxy ce may start to decay now
Hi Uniyal, keep sl at 76. can bounce back to 85
Hi Akash, no, not sure of 100 on these
Hi raj, it can head upto 18.50-19
CA.Tejas Says:
July 20th, 2011
Posted at: 4:44 pm
Hi Akash, No not sure of 3 digits..... It can coubled from cmp.....
Akash Says:
July 20th, 2011
Posted at: 4:48 pm
Hi Kartik, Ok. So what shud be max possible target of each?
thavva Says:
July 20th, 2011
Posted at: 4:54 pm
Hi Kartik, GE, why nifty down today in spite of strong global ques? Nifty trading opposite of global ques since few days.
subramani Says:
July 20th, 2011
Posted at: 5:08 pm
Hi Kartik,
I have hdfc bank 520 call option and lic hf 220 call option. what shall i do? any chances to go up?
arun bj Says:
July 20th, 2011
Posted at: 5:21 pm
cb . Why now we can broke easily .nifty 5600.. I bought 5700 call 2 lot at 30 . . Now cmp is 15 . . What should i do . . Can i get any profit before expiry . . .
CA.Tejas Says:
July 20th, 2011
Posted at: 5:42 pm
Stock Report on Narmada Gelatin Gud to invest for long term point of view....
Narmada Gelatin is a 50 years old company from Shaw wallace group and it manufactures Gelatin. It's product, Gelatin is mainly used in food and pharma industry. It is a debt free entity and is available at very attractive stock valuations.
Company had sales of about Rs.91 crore, it was up by 10% in the same period last year. Profit after tax (PAT) was up by about 15% to Rs9.5 crore. Company has a small equity base of Rs.4 crore. EPS for FY11 was Rs 23.50. At the current stock price of Rs 100, the stock trades at PE of 4.25
If you take a look at the balance sheet of the company it shows that Narmada Gelatin is a totally debt free company. Net current assets are close to Rs 26 crore as in FY10. The company has investments of Rs 5.5 crore in mutual funds. After adding profit for FY11 into this, the total current assets and cash swells to around Rs.41 crores. With current assets of about Rs.41 crores, the market cap of this debt free company is at Rs 40 crores. This means the business of a company is available virtually free of cost.
The promoter's holding in this stock is 75%. The recent dividend of Rs.4 puts dividend yield at 4% at current stock price of Rs.100 The book value of the stock is Rs.140
Products of Narmada Gelatin are used in Pharma and food industry (FMCG), that makes it a recession proof business.
Shaw Wallace group has been selling it's many businesses in recent few years. Narmada Gelatin is a good dividend yielding stock with steady growth. If the company is old by Shaw Wallace group, lots of value unlocking would take place.
All in all, it is a good small cap stock to buy
sankar Says:
July 20th, 2011
Posted at: 5:54 pm
Hi Kartik, GE
I bought Aptech at 128,coal India at 371.15, and Mastekat 127. All intraday. Any chance of these recovering in 3 days?
sony Says:
July 20th, 2011
Posted at: 6:02 pm
Hi CB, Whether todays nifty candlestick chart can be considered as a bearish engulfing pattern?
Kartik Says:
July 20th, 2011
Posted at: 6:14 pm
Hi Akash, can add 80-100% in 1-2 years time
Hi thavva, GE, yes, seems some profit booking in today
Hi subramani, exit from LIC, keep a SL at 690 for HDFC and hold it
Hi arun bj, seems profit booking coming in, hold your CE with a tight SL at 5550
Hi sankar, they can add some gains if Markets recover tomorrow, support at 5550 for Nifty
Hi sony, Yes
Dhaval Says:
July 20th, 2011
Posted at: 6:22 pm
Kartik,
today SKSMICRO has shown up major down side...???
can head up to 550 levels again ?
AMAN Says:
July 20th, 2011
Posted at: 6:27 pm
pfc any comments on it pls.....can it see 225 before expiry
Kartik Says:
July 20th, 2011
Posted at: 6:35 pm
Hi Dhaval, is seeing profit booking after its huge rally, might take a while to re-test 550 levels
Hi AMAN, its a slow mover, can see 220
Dhaval Says:
July 20th, 2011
Posted at: 6:37 pm
Hi...
what about TATACOFFEE...?
can we buy tomorrow ? or else what is good level to buy ?
pareshdoshi Says:
July 20th, 2011
Posted at: 7:00 pm
hi cb,how much upside left in navin fluor?
tuff money Says:
July 20th, 2011
Posted at: 7:07 pm
hi katik,
since we closed below 20 dma i entered puts... was this a fair trade? what should be my stop loss?