Good morning....

Front Page News - Nov 25, 2014

Corporate Snippet
 
Ø  Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a Supreme Court (SC) decision to scrap coalfields allocated to private firms since 1993.( BS )
 
Ø  Amtek Auto said it will acquire two Europe-based and one South East Asia-based auto as well as non-auto component makers through its Singapore-based wholly owned subsidiary.The company did not disclose financial details of the proposed acquisitions.( ET )
 
Ø  Bharti Airtel has sold its 4,800 telecom towers in Nigeria to American Tower Corp for $1.05 billion, as the world's fourth largest carrier attempts to lower its debt in a bid to turn around its loss-making operations in the continent.Airtel though will be the anchor tenant on the portfolio under a lease with a 10-year initial term, the two companies said in a joint statement.( ET )
 
Ø  The board of Oil and Natural Gas Corporation(ONGC) has given its nod to Cairn India’s gas development plan for Rajasthan fields.This ends the speculations that the two partners of Rajasthan block were not on the same page regarding gas production as well as equity structure in the joint venture.( BL )
 
Ø  Bharti Airtel's data packages offering access to Facebook and WhatsApp for fixed but nominal amounts are being examined by the telecom regulator to determine whether they amount to “preferential access“ for such services, an issue at the heart of the debate on net neutrality, a concept recently backed by US President Barack Obama.( ET )
 
Ø  Telangana and Andhra Pradesh are set to place orders worth Rs. 12,000 crore with Central public sector enterprise, Bharat Heavy Electricals Limited(BHEL), which already has five orders worth Rs. 12,337 crore so far this year.( BL )
 
Ø  Reliance Communications,plans to raise funds by issuing US dollar-denominated debt instruments to refinance $255 million of overseas loans. The proceeds will be used to repay existing foreign currency debt to avail of longer maturity redemption period.( ET )
 
Ø  CEAT Ltd has been allowed by the Reserve Bank to raise foreign investment, allowing overseas investors to buy up to 45 % of the paid up capital in the company.( ET )
 
Ø  Dr Reddy’s Laboratories Ltd has launched Docetaxel injection, a therapeutic equivalent of Taxotere, in the US market.It is indicated for the treatment of certain types of cancers. The brand and generic had sales of $218 million in the US for the most recent 12 months ending in September 2014.( BL )
 
Ø  Tata Consultancy Services (TCS), India's largest IT services firm, is setting up offshore development centres in India for Japanese clients in a bid to boost the company's margins in that market.( ET )
 
Ø  IDBI plans to sell its 5% stake in National Stock Exchange (NSE), and has sought the finance ministry's permission to go ahead with the sale.IDBI is the second state-run financial institution after Industrial Finance Corporation of India (IFCI), which is already in the process of divesting its 2.5% stake in the exchange, looking to monetize its holding.( ET )
 
Ø  In an attempt to dollarise its balance sheet, steel major Essar Steel has raised $1 billion through long term export securitisation to pre-pay existing rupee debt.The company had earlier raised $1 billion through external commercial borrowings (ECB) route. With this financing, the company has dollarised $2 billion of its debt which has led to significant benefits.( BS )
 
Ø  Ashok Leyland said it has sold 32 % stake in its subsidiary firm Hinduja Tech Ltd (HTL) to a strategic investor.The company did not disclose the amount for which the stake has been sold.( BL )
 
Ø  The QIP committee of Ceat on Monday fixed the floor price for an institutional placement of shares at Rs.930.53 apiece. The issue opened for subscription on Monday.The company may offer a discount of not more than 5 % on the floor price.( BL )
 
Ø  Overseas investors could get a free run in the construction and development sector with the government considering removal of the three-year lock-in for the overseas investments. The housing ministry's latest proposal is now being examined by stakeholder ministries, including the Department of Industrial Policy and Promotion (DIPP).( ET )
 
Ø  Godrej Properties plans to double the share of its business from the Gulf region. As of now, 15% (250,000 sq ft) of the company's sales are accounted for by the Gulf region.International sales contribute about a quarter to Godrej Properties' overall sales.( BS )
 
Ø  Moody’s Investors Service, a global rating agency, has assigned a (P) Ba3 corporate family rating forLodha Developers Pvt Ltd (LDPL).This international rating agency has also assigned a provisional (P) Ba3 rating to the proposed US dollar denominated Notes to be issued by Lodha Developers International (Mauritius) Ltd, a wholly owned subsidiary of LDPL.( BL )
 
Ø  Global drug majors Mylan and Abbott’s proposed deal in the pharmaceutical products segment has received the green signal from the Competition Commission of India (CCI).( BL )
 
Ø  Ratan Tata-backed online jeweller Bluestone.comsaid that the company is expecting its revenue to go up to Rs 100 crore this year, from Rs 25 crore last year. The company is also contemplating setting up of offline stores to improve its brand value.( BS )
 
Ø  Telecom Regulatory Authority of India (Trai),stuck to its original recommendations on pricing of spectrum and simultaneous auction of 800, 900, 1800 and 2100MHz bands, rejecting Telecom Commission's view that it should consider most of its suggestions that the regulator has given on the next round of auction.( BS )
 
Ø  Cash-strapped budget airline SpiceJet, which has been exploring various means to raise funds for quite some time,said it is in talks with a few investors to mop up fresh capital.( ET )
 
Ø  SEBI said it is revising the rules for offshore derivative instruments (ODIs) to bring them in line with new foreign investment norms approved earlier this year.According to the SEBI statement, ODIs will now have to be consistent with India's new foreign investment requirements, including that an investor be from a country whose central bank is a member of the Bank for International Settlements.( BS )
 
Ø  Hong Kong-based private equity firm SSG Capital Management has acquired a 49% stake in Asset Care & Reconstruction Enterprise (ACRE) for Rs 41 crore, marking the first entry of a foreign investor in the asset reconstruction space by using the foreign direct investment ( FDI) route.( ET )
 
Ø  UK's New Call Telecom eyes substantial stake in wi-fi operator Ozone Networks.UK-based telco goes for second acquisition in India after it picked up majority stake in instant messaging app Nimbuzz.( BS )
 
Ø  Jet Infraventure, a real estate development company which collected Rs.4.50 crore through an initial public offering, will list on the BSE SME platform today.The issue was subscribed 1.28 times with the participation of institutional, retail and high net worth investors.The firm allotted 3.60 lakh shares of Rs.10 each at Rs.125 a share.( BL )
 
Ø  Oxigen Services India, one of the country's largest payment solutions providers, is in talks with investors to raise as much as $200 million (about 1,230 crore) as the company looks to transform itself into a payment bank and step up its mobile wallet offerings.( ET )
 
 
 
Economic Snippet
 
Ø  Government's reforms agenda in Parliament is in for trouble with its biggest ally Shiv Sena joining some opposition parties in declaring resistance to a bill on raising FDI cap in insurance sector from 26 % to 49 %.( BS )
 
Ø  The government will adopt a compensation model to settle claims of stakeholders in the coal mines whose allocation was recently cancelled by the Supreme Court.The mines will be up for fresh bidding through the e-auction route.The bidding amount, which the government is yet to calculate, will be segregated into two parts - fixed and variable. The fixed cost part will constitute value of land and other assets associated with a particular mine.( BS )
 
Ø  India has the potential to achieve 9% growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said.( BS )
 
Ø  Heavy Industry Ministry seeks cap on fine for vehicle recall.The Heavy Industry Ministry has sought key changes in the Draft Road Transport & Safety Bill to make things easier for automobile companies. The draft Bill, floated by the Road Ministry, aims to replace the existing Motor Vehicles Act.( BL )
 
Ø  The battle for alcohol between the liquor industry and oil companies is likely to end. The government plans to allow petrol blending with ethanol produced from non-edible plants.( ET )
 
Ø  The Real Estate Development and Regulation Bill is in the final stage of consultation after talks with various stakeholders, Urban Development Minister M Venkaiah Naidu said on Monday.( BL )
 
Ø  India's public debt increased to Rs 49.6 lakh crore at the end of the July-September quarter of 2014-15, up 2.8% over the previous quarter.( BS )
 
Ø  LIC has invested Rs 45,000 crore in equity markets so far this fiscal and is ready to purchase more shares when government undertakes its divestment programme, Chairman S K Roy said.The life insurance giant has set a Rs 55,000 crore for equity market investments for the current fiscal 2014-15. This is, however, less than a record high of Rs 61,000 crore it had pumped into markets in 2010.( BS )
 
Ø  The Reserve Bank of India (RBI) is considering more measures for non-banking financial companies (NBFCs), including more oversight and bringing state-owned firms under central bank supervision, Deputy Governor R Gandhi said in a speech.( BS )
 
Ø  Prime Minister Narendra Modi’s pet project, the Mumbai-Ahmedabad high-speed train, can cost up to Rs.90,000 crore, will give low internal returns and will have to be largely funded by Government, said experts at an Indo-French Rail seminar.( BL )
 
 
International Snippet
 
Ø  A rule that some US lawmakers want the Federal Reserve to follow when setting monetary policy is now giving conflicting signals on where interest rates should be, a San Francisco Fed study published on Monday showed.( ET )
 
Ø  Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week.Brent crude futures have fallen by a third since June, touching a four-year low of $76.76 a barrel on November 14.( BS )
 

Hi CB, Good morning. Thanks for your great support to the members. currently I am trying to learn technicals. I was trying to find the reason behind the SL and Target price for your calls :). Could you tell me what indicators you use normally apart from your own analysis? This would help me a lot..Thanks

Cab sir..will Tata coffee reach your target call today?

Whats your view on NMDC & JB Chemical ?

gm cb
what about jindal steel sell or bus please tell with support and resistance

CB, morning, Howu see Hero Mot. today, i couldnt sell my CE yetserday due to network prob. i hold one CE, how u see it today?

Hi pramod, Good morning. can add 10-15 points today

Hi TVS, can test 32 in near term.

Good Morning!!
whats your view on wipro , adani ports and aries agro for intraday?

CB Sir
Holding huge quantity of banknifty 18100 puts @ 100
Any chances if getting back my price
Or will become zero
Please advice

sir, ur view on Bombay Burmah in detail target price for next week

Hi Binesh, its a hold with sl at 18350. dont add more

Hi TVS, not really sure as its already rallied quite a bit. best to hold with trailing sl

Hi Sona, can test 1700 if markets remain strong. keep sl near 1650

Hi ruchit, most welcome.

GM CB Sir,

Can expect any up move in M&M today ?

Hi Ram, seems may remain flat. if crosses 1260 can move higher

Hi Sugumar, most welcome.

Hi ravi, if breaks support at 30, can fall further. hold for now. dont add moe.

Hi Sona, most welcome.

Hi CB GM ur view on praj ind and sail

Good Morning CB,

Target for Crompton Greaves, GMR Infra & FRL for today

Gm cb
If bank nifty like to go correction then can we shot indusind bank

Sorry at 372

Dear Sir,

What is the target of SBI,Shreecement,Tatacoffe and JKTyre

Regards,

JayantaM

Hi sir
Crompton today target?

Hi jayantaM, tata can test 990. jk tyre around 568. others may remain a bit flat

Hi ND, can add few. bhel is a buy above 260

Hi jaikumar, around 208

Good Morning All,

For Nifty Tips and Levels please visit TwNiftyTips.Com

Thanks,
Tw.

Hi TradeWarrior, Good morning

Hi nidhi, Bajaj auto above 2700 can move higher. tcs can add 10-12 points

Gm CB Sir. What is the target for shasun pharma today? Holding at 216.

short term target for SPARC

Hi Ezhil, has support at 180-185. if holds onto it, can test 200 again

Hi Vikrant, good morning. can add in small quantity for now

Hi jayachandran, Good morning. yes, its a hold for short term

Hi Arjun Bharath, cannot really be sure..

Hi harshal, no, dont add more. its a hold for now.

Hi Ezhil, looks weak. avoid it.

OK. Thanx a lot Sir. :)

Hi CB, sir intraday target for jpass...

Hi cb please suggest me about voltas

Hi Sharath, has support at 30.8. if holds onto it, can bounce back form here

Hi Ram, no, dont enter these now

Hi Deepak, can test 280-281.

good morning sir,today tata coffee target sir

Hi van, mcx can add 10-12rs. yesbank above 700 can test 710

Hi jony, can test 990

Hi jony, most welcome.

GM CB SIR CAN I BUY BALAKRISHAN IND NOW

Hello CB Sir,
Good Morning.
How about Hero Moto Corp for intraday today?
Plz advise?

OK THANKS SIR

Hi ASHU, can test 3095

Hi van, no, not now

Hi SHASHI M, most welcome

Hi Vishal, not yet. lets wait.

Hi CB, shall i short tata steel?

thanks sir

Hi pramod, can enter dec series

Hi Hanshu, no, not yet

Hi Aravind, bharti can test 408. pnb may remain a bit flat

Hi van, most welcome.

Ok sir.
Thanks.

Any other for intraday call for today?

Hi jaikumar, can test 2675

Hi Rajesh, can test 205

Hi ASHU, no, not yet.

ill be back in sometime.

CB sir, Can we enter redingtone for intraday Buy at 116 sell at 120. please .

what to do in tata coffee now sir?

Hi CB,

Can i still hold tata coffee or can be sold now ? i can hold for more 2 days

Hi CB Sir,

how you see CARIN , any chance it will reach 285-288 in coming 2 weeks..

Hi S K, no, not yet

Hi jony, most welcome

Hi suman, around 247

Sir Merck is going down, any chances of recovery.

Hi CB, bot relicap fut @505, any chance to recover b4 exp'y, cmp 470

Gm Guru, I have LICHousing at 418, huge loss already, what to do. can I wait or exit?? Britannia @ 1690, HDFC @ 1146, asianpaint @ 695, axisbank @ 474, wipro @ 578. what to do. is nifty correcting? levels please

Can i enter dabur@cmp

Hi Vishal, yes, hold for now. dont add more yet.

Hello CB Sir...
Heromotocorp and Crompton Greaves both going down heavily.
Any chance to rise in the day later?

Hi Rahul, hedge with a 27pe for now

Hi Ashu, seems a bit unlikely today.

Hi subin, not yet

Hi nisha, yes, hold for short term. dont add more.

Thanks CB...

i have JK paper. wht should i do?

Hi paulraj, yes. dont add more yet

Hi subin, most welcome

Hi samir, its a hold with sl at 195 for now

Hi Meghana, its a hold for short term can test 36

Hi Vishal, yes. lets hold. dont add more.

ill be back in 1 hour..

ty sir

sir i am holding tata coffee @ 975. today i cant book profit. at what level i can book profit and re-enter?

Missed to book profit near 1000 in tata coffee? Holding at 973. Please advice what shall I do?

Hi harshal, ok. hold for now

Hi Jayant, lets hold for now.dont add more

Hi NIZ, ok. hold a bit longer. can test 1020

Hi Meghana, most welcome

Hi samir, most welcome

Hi rajeev, yes. its a hold. will bounce back. dont add more

Hi CHEETA, it has support near 410. can test 424 if markets improve a bit

Hi CB, sir any options put to buy or any call

Hi YOG, yes. can test 246

Hi PKP, no, as of now none

Hi nisha, no, not yet.

cb sir everest ind delivery tgt?

Hi CB gspl target

Hi subin, can test 109

Hi CB ur view on redington? Can i enter@cmp?

Hi Manish, dont enter these yet. lets wait

Hi subin, not yet. lets wait.

Thanks CB..

CB sir,

I want to invest 20000rs for 1 month.Any share to invest for a month?

Hi CB, Thanks, What should be the SL on the Upside?

Thanks CB. Should we book profit in DABUR today or better to hold for a week or so?

ill be back in some time..

Dear CB, Indra prashta Gas is +ve and tgt 424 almost reached. So, Can we short for intraday or will buy for now?

Hi CB, can you suggest if i should exit greenply industries or stay invested for the demerger for which the record date is 27th Nov.

hi kk sir m holding ivc 400Q at 23. can i add more 100Q now??

Hi CB Sir,

Shall i enter BNF 17700 PE @ CMP, if you see some down side?

Hi CB . This Tata investment testing our patience .. Shall i enter tvs motors at this level ... 218 for long term investment. Tq.

Worst stock ever sintex when market up 200points its up not even a rupee and when market is down 200points it goes down 4rs ... sell it sell it

1.48 PM MCX TRADERS(CALL GIVEN 24-11-2014 10.17 AM)
Crude oil book profit 1st tgt done 4700 (low 4697) profit per lot 6500.00
hold with another tgt SL PC
Sell crude oil below 4765 SL PC TGT 4700-4640(2-3 DAYS) WORK IN 5-10 lots

Cb sir can I buy wock pharma nw???

Hi prodip,
No, Don't add anything more into IVC. You can monitor MEGH for dips.

Hi hir,
Sorry friend. I don't like to give any tips now as I can't be online all the time like earlier. The golden period was over. If you are not a rigorous intra-day trader and short-term or investor, then you can write to me. After taking a look at your profile I can suggest you few good scripts that can give good returns.

You asked me for a F&O call here and then I will give you something based on your portfolio and risk appetite. Someone else on the forum will pick that tip and fail to close the trade at the right time and eventually turn into losses.

So, I would like to understand person's trading style and few many factors before suggesting something.

Hi Sir,
Are nifty PEs a hold or square off at close?

cb sir apollotyre, and stc india tomorrow tgt?

Hi CB gspl hold or exit? Btst target?

Hi subramanian, as of now seems may open flat

Hi abs, exit for now

Hi subin, yes. looks good. can add 2-3rs

Hi jessi, likely to open flat.

Hi prodip, its in a downtrend. dnt add more yet.

CB sir..will Dabur reach target 247 today or BTST?

Hi prodip, most welcome

Hi Vishal, if possible can hold for 1-2 days..

Hi jessi, nifty has support at 8380

Hi raj gupta, no news yet can hold with sl at 8430 on nifty

Hi CB, can i buy now Sir, 2 - 3 qty...

Hi CB, if we buy infosys today will we get bonus share?

Hi CB, Holding HMVL @224.2, Hind tin @100.65, polyplex@260, What's your view on these ?
Thanks.

Hi Imran Khan, most welcome

Hi Harsha, these are a hold for short term. dont add more yet.

Hi Imran Khan, yes.. thanks for sharing

Hi Vikas, not really sure yet.

Hi CB, thanks sir, bought small qty for long term

I booked profit in Dabur at 243. ANything to buy today n sell tomorrow?

Hi Imran Khan, thanks Imran...

Hi CB, sir any chance of SBI to go down... if yes, then till what level can b seen

Hi CB Good evening...how is essor oil can enter? i hope all is well

Hi Rajat, it has announced in the ratio of 1:1

so as per that u will be eligible for more additional 2 qty

Hi Ravichandran, most welcome.

Hi CB, I brought infosys at 4307 few shares now.. will hold for few months.. but its 52 week high

Hi CB your view on IGL and HOv

Hi CB, I m holding jpasso 30pe what can I do hold or exit plan give target and sl

Hi PKP, welcome

GE CB,

I have bought HMVL and Hov at 242 and 184. Do I have exit or I have to wait. If I have to wiat how long please advise.

Market is in down trend.

Thanks
Aslam

CB,

Telling me for tilakratna industries and ANG industries for tomorrow intraday test,

Hi CB . Tata investment Tomorrow have any chance to recover ..huge loss... More than 15 rs down from my buying price..

Hi Vishal, yes. does seem so. can see a gap up opening tomorrow.

One more thing I did not note you, HMVL is overbought will it impact on the share value. if so how please advise

Thank you
Aslam

sir your view on HDFC ltd...
i have 100shares..

Hi CB, Pls reply. Target of Siemens tomorrow. Also, did you get chance to see and compare the result?

Hi Priyabrata, no, dont enter it yet. smartlinks is a hold

Hi Vishal, has resistance at 940. if opens above it can move higher

Hi Aravind, hov too is a good bet. hold onto it for now. dont add more

Hi Nirav Bhanushali, its a hold. can test 1180 in coming days

Hi Aslam P, yes. has some support at 200 levels. if holds onto it, can bounce back from here.

Hi CB, Results are good? Can we see 940+ opening and then 975-1000+ target tomorrow?

Hi JAI0, Good evening. it can test 483 tomorrow. hold for few days. is a good bet

Hi Vishal, yes. likely to

Hi Aslam P, most welcome. it can see some profit booking if markets turn weak

Hi CB, I have bought heromoto 3100ce @ 16 ,dish tv 67.50ce @ .25 what will be tomorrow tgt?

Hello CB,

Tomorrow's target for Jaypee Infratech & JP Power

Sir can I buy wock pharma tom???

9.58 PM: MCX TRADERS BOOK FULL PROFIT CRUDE OIL 4630 (13500.00 PER LOT) EXIT CALL CLOSED
CALL GIVE AT:Sell crude oil below 4765 SL PC TGT
4700-4640(2-3 DAYS) WORK IN 5-10 lots

Hi CB Sir

Good Evening.

Does chapter got closed for Andra bank 90CE?

I have Dabur nov future @ 242.5 What price it may test tomorrow? Which is best exit time? please advice sir,

Hi Arjun Bharath, can check on nseindia.com

Hi Aj98, Good evening. yes, does seem so. guess shall leave it till expiry. if holds onto 79, can see some bounce. dabur does look good for 1-2 days. can test 247-248

hello tw view about rs software, can i add some for short term...

Thank you CB
Wish you all the best for future endeavour.

Good Night

Hi CB am holding Cords cable, now its coming down heavily, can i hold or exit? pls advice...also ur view on kitex and aban offshore.

Dear sir,

can u plesae give advice on HOV..it's going down .. can i hold or exit.

T/Regards,

Lokesh

Hi cb,
What to do in jpasso,i am holding @34.70

Hi trade4444, both are good long term bets. can add 50% each on dips

Hi mkk, we may have to hold onto it longer. dont add more yet.

Dear cb gm
Acc future square with heavy loss margin shortage at 1432 loss of 10000 what to so

Cb
Looks like market in short correction mode what will be its target a

Hi CB, thanks a lot sir