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Intraday calls for 29-03-12

Posted on: March 29th, 2012 at 8:24 am

Markets likely to open lower. Support for nifty is at 5140.

If markets show recovery later during the day, buy: GMR infra

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368 Responses

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  1. CA.Tejas Says:
    March 29th, 2012
    Posted at: 3:37 pm

    IPO Analysis:


    MT EDUCARE LIMITED: (Mahesh Tutorials)
    Incorporated in 2006, MT Educare Limited is an education support and coaching services provider for students in the secondary and higher secondary school. Also they provide coaching services for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations.

    MT Educare mainly provides coaching services for classes 9 and 10 (State board, CBSE and ICSE), classes 11 and 12, graduation (commerce), entrance test preparatory courses (engineering, medical through MH-CET and MBA) and CA. As on today, company has 757 faculty members on rolls. The brand name under which coaching operations of company operated is "Mahesh Tutorials". Company had coached around 58,300 students in FY11 which is a jump of 11% on a year on year basis.
    The company also operates pre-schools under the brand name Global Champs with 7 centers operated by the company in Mumbai and Pune.

    IPO information
    Issue Open: March 27, 2012
    Issue close: March 29, 2012
    Price Band: Rs. 74 - Rs. 80 Per Equity Share
    Minimum Bid Size: 80 Equity Shares
    Face Value: Rs. 10 Per Equity Share
    Issue Type: 100% Book Building
    Maximum Subscription Amount for Retail Investor: Rs. 200000

    IPO Grading / Rating:
    CRISIL has assigned an IPO Grade 4 to MT Educare Limited IPO. This means as per CRISIL, company has 'Above Average Fundamentals'.

    IPO Analysis
    MT Educare's market cap is Rs 292-316 Cr on a price band of Rs 74-80. At price band of IPO, stock valuation comes at 19.5-21 times its FY12 estimated EPS of Rs 3.8. After IPO, Price/Book Value ratio will be 3.2-3.5 times its Book Value of Rs 23.

    Investors willing to take risk may buy IPO of MT Educare as it is in education industry and industry has strong outlook.


  2. CB Says:
    March 29th, 2012
    Posted at: 3:39 pm

    Hi aba, if markets are good, these can add 2-3%. as of now seems may open flat

    Hi shrikanth, not really sure whats the news on it. techncally looks weak. don't add more of it yet

    Hi kailash, yes, once crude oil starts correcting, could fall further. hold for now. hedge with a 250 pe

    Hi Dinesh Kumar, sorry to hear that.hopefully will recover back.. trade in small quantities in options market

    Hi divya, yes, technically seems could test it again. lets see how US markets close.


  3. CB Says:
    March 29th, 2012
    Posted at: 3:39 pm

    Hi CA.Tejas, thanks for the detailed update.


  4. Venkat Says:
    March 29th, 2012
    Posted at: 3:42 pm

    thanks CB Sir, As per your Advice i made very good profit today in suzlon... 20k... holding ( short ) 2 lots of April squre off tmorrow or it will go down


  5. Dinesh Kumar Says:
    March 29th, 2012
    Posted at: 3:44 pm

    CB. The recovery huge loss, what will be best .Intraday,options or futures.. Ready to take risk also....


  6. amolo Says:
    March 29th, 2012
    Posted at: 3:48 pm

    Hi CB,

    Was unable to close the position in 5200 CE due to some technical difficulties......

    What can I expect tommorow ??? Should I avg. out tommorow ??

    Regards,
    Amolo


  7. shashi Says:
    March 29th, 2012
    Posted at: 3:51 pm

    thank Q sir....
    can i enter infy 2900ce tmorrow...?
    ple...tell me....


  8. CB Says:
    March 29th, 2012
    Posted at: 3:57 pm

    Hi Venkat, nice to hear that. yes, book profit tomorrow


    Hi Dinesh Kumar, go with intraday for now. carrying positions overnight is a bit risky

    Hi amolo, dont avg it yet. lets wait. shall wait for 1-2 days

    Hi shashi, no, not yet.


  9. shashi Says:
    March 29th, 2012
    Posted at: 3:59 pm

    ple ...cb..sir...
    can i enter DLF@198
    target..... ple....?


  10. RAMESHB Says:
    March 29th, 2012
    Posted at: 4:02 pm

    Hi CB, which penny are good , avon corp, devgas, nila infra, control print, indica. at current price. seeing some buying in indica sice past one week. thanks


  11. aba Says:
    March 29th, 2012
    Posted at: 4:16 pm

    ur views on 2mrrws markt


  12. amolo Says:
    March 29th, 2012
    Posted at: 4:21 pm

    Thanks CB......


  13. CB Says:
    March 29th, 2012
    Posted at: 4:26 pm

    Hi shashi, enter a bit lower near 190

    Hi RAMESHB, go with nila and control prints

    Hi aba, seems may open a bit lower it seems

    Hi amolo, most welcome.


  14. akila Says:
    March 29th, 2012
    Posted at: 5:44 pm

    Hi CB good evening..............closed the day well selling adani bought at 285 at 301.......still holding the ones bought at 327!!

    advanta broke out of 425 range, kernex seems to have stabilised............so fairly good day............


    Picked Thermax, fintech, aptech,biocon, tvs motor, essar oil, renuka sugar, jsw energy, and orient bank for the next week......................big list but please see and give your approval/advice...........

    thanks in advance...................have a good day............


  15. gkpstar Says:
    March 29th, 2012
    Posted at: 6:33 pm

    hi cb hope u r doing good

    i am holding confipet and its very low now a days what to do? is it a hold or can we add more

    i have got minimal profit in nila infra..its been volatile..shall i exit or should i hold for long term for good profit sya more then 30%?

    also what to do with karuturi global?


  16. CB Says:
    March 29th, 2012
    Posted at: 6:44 pm

    Hi akila, Good evening.. nice to hear that.. can go with jsw energy, biocon on dips.

    Hi gkpstar, yes, will need to hold for some time. dont add more yet. once smallcap index starts moving, it will do well

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