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4 • Issue : 14 • Date : 30-05-2011 to 05-06-2011 • Editor : Narendra Joshi • Mobile:9825065387• Land line 079 27451449 •
•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••
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THE 30-05-2011 to 05-06-2011
2 ECONOMICREVOLUTION
Making money in
Bear market
To the contrary, the second group what an Livermore, Benjamin Therefore it is not value of Buffett at about never looked back. His
bearish trend in the irony of life. The same Graham, Charlie Munger, you who make money or $68 billion. Interestingly net worth has continued
market is not a loss of market the same Philip Fisher and Walter lose money .It are your this man turned on an to increase in multiple
monetary value as we all country, the same Schloss have made so stars which make you to investment of $105,000 folds whether in a bull or
have been made to economy and the same much money in this earn or loose. Otherwise into a $20billion plus bear. Therefore it could
believe. Money has just rule but different results same market bear or same terminal, same investment fortune by be deduced from the
exchanged hands. from different players. bull. In 2007 alone, advice why some body is investing in the stock investment life of Buffett
Velocity of money states The US stock market Buffett made over $10 earning other is loosing market. It may further that, money is made in
that; Money flows from has experienced market billion in a bear market! money. Therefore please interest you to know that the market at all times,
the point of least crash or bearish trend And is still making more check your stars through he made the chunk of his Bull or Bear and that
knowledge to the point more than any stock money. He made his only finical astrologer money in a bear market bear markets actually
of higher knowledge market in the world. The presents a life time
thereby creating severity and duration of investment opportunity.
If Warren Buffett could
achieve this feat then it
ASTROMONEY is much easier to achieve
the same feat by simply
GURU looking at what he and
others in his league did
and do the same. That is
exactly what I intend to
COL. achieve during the
course of this write-up.
Having established the
THE ECONOMIC REVOLUTION THE TREASURY OF GOOD ANALYST THE ECONOMIC REVOLUTION
30-05-2011 to 05-06-2011 THE
ECONOMICREVOLUTION 3
THE ECONOMIC REVOLUTION SUBSCRIBE TER, A MULTY ANALYST WEEKLY TO GET SUNDAY MIDNIGNT,
SUBSCRIPTION IS ONLY RS. 1000 PER YEAR
THE 30-05-2011 to 05-06-2011
4 ECONOMICREVOLUTION
f ro m i ts U. S . 6.5% as quarterly
subsidiary Novelis. results fell short of
R e l i a n c e expectations . The
Communications company's warning
m o ved u p b y 5 . 7 % . about a likely fall in
ICICI Bank surged demand fo r
4 . 2 5 % t h a n ks to a commercial vehicles
strong performance of also hurt sentiment to
its ADR overnight. DLF an extent. Hindustan
gained more than 4%. Uni leve r, Am bu ja
R e l i a n c e
Infrastructure ended
Cements, GAIL India,
Hero Honda and NTPC
INTERNATIONAL COMMODITIES QUOTES
with a gain of 3.85%. e n d ed 1 . 4 % - 1 . 8 %
Jaiprakash Associates down. Punjab National
and ONGC gained 3.3% Bank, Cipla and
and 3.2% respectively. Sterlite Industries also
Mahindra & Mahindra e n d ed wea k . Rea l t y
( 2 . 8 5 % ) , Tata S te e l s tock Anant Raj
(2.3%), State Bank of Industires shot up by
India (2.1%) and HDFC ove r 1 1 % . O r b i t
(2.1%) also closed with C o r p o r a t i o n ,
handsome gains. Bajaj Indiabulls Real Estate
Auto, Reliance and Unitech gained 4%
Industries, HDFC Bank, - 4.5%. Sobha
Wipro, ITC and Bharti D e ve l o p e rs , G o d re j
Airtel gained 1% - Properties, Peninsula
1.5%. Tata Land, HDIL, Mahindra
Consultancy Services, Lifespace and Ackruti
Tata Power, BHEL and City also pos ted
Infosys Technologies impressive gains. Yes
also closed on a firm
note. Nifty stock IDFC
Bank, Federal Bank,
IndusInd Bank, Bank of
INTERNATIONAL CURRENCY QUOTES
pos ted a gain of Baroda, IDBI Bank and
6.25%. Reliance Power Union Bank of India
ga i n ed 4.8% on we re a m o n g t h e
impressive results. notable gainers in the
Reliance Capital Bankex, besides
s u rged 2 . 8 % . Kota k heav y weights ICICI
B a n k , Powe r G r i d Bank, SBI, HDFC Bank,
Corporation and BPCL Axis Bank and Kotak
surged 2% - 2.3%. HCL Bank.
NIFTY:-
Nifty June future closed at 5466 with high
volume i.e. above 13 day exponential moving
average at 5463. RSI is cutting upward at 19.72
and MACD is cutting downward at –104.66 and
facing resistance at –99.36 in negative field on
daily basis, which are in highly Continue on .....10
THE ECONOMIC REVOLUTION GUJARATI HARD COPY AVAILABLE IN GUJARAT AND MUMBAI
30-05-2011 to 05-06-2011THE
ECONOMICREVOLUTION 5
SUBSCRIPRION
ONLY RS.1000
ONLY
then the minor price of a downtrend signals and 5944-5328 for the current market price and Nifty 4964. The
5000 Put followed by
reversals wi ll be a strong bullish upward Nifty. The pull-back and as a result, they target for this Bearish
5300 Put. Highest Call
termed as pull-backs price movement in the levels are placed at will act as resistances Head and Shoulders
writing is seen at the
and not trend very short term time- 1 8 5 6 0 - 1 87 9 9 - 1 9 0 3 8 going forward. will remain intact as
stri kes of 5800
reversals. frame. On the daily for the Sensex and There exists a long as the market
followed by 5600. This
T E C H N I C A L LY charts, Sensex has 5563-5636-5709 for strong support line in remains below Sensex
suggests that in the
SPEAKING. formed a big white the Nifty. If we the form of demand 18724 and Nifty 5605.
short term the market
The Sensex opened body candle whereas consider the entire fall trend line at Sensex All the major
is likely to move in a
17821 and Nifty 5331. oscillators continue in
range of 5300 to 5600.
This is a very critical their Sell mode. MACD
A bearish breach of the
THIS WEEK’S RECOMMENDATIONS : support line and the and ROC both are in
above mentioned
market has been negative territory and
range will lead to 5000
respecting it for the continue with their Sell
STOCK CMP SL Tgt-1 Tgt-2 on the lower side and
past 18months. The signals but both have
Buy BemL 650 637 671 694 a bullish breach of the
market tested this started turning
range will lead to 5800
Buy EKC 85 83 89 94 trendline last week and upwards. RSI at 45, too
on the higher side.
Buy ABGShip 372 363 385 398 managed a smart continues with its Sell
The Trendline
bounce-back from this mode. Bollinger band
Buy JsWSteel 937 926 952 968 Resistance for the
trendline. A breach of which had given a Sell
Buy Havells 396 389 409 422 Sensex is at 19349. The
this support line will signal two weeks ago
Trendline Support is at
confirm a Bearish Head continues with its Sell
17821.
and Shoulders Reversal signal. A close above
The Trendline
the week at 18269 the Nifty has formed from 21108 to 17295 pattern. This will be the 20dma (Sensex –
Resistance for the Nifty
made a high of 18298, an Opening White for the Sensex and herald a strong bear 18321 and Nifty –
is at 5812. The
a low of 17786 and Body Marubuzo. The 6318 to 5177 for the onslaught. 5489) will negate the
Trendline Support is at
closed the week at daily formations are Nifty then the pull- On the higher side Sell signal generated by
5331.
18266. The Sensex lost also suggestive of a back levels are 18751- the 50% pull-back level the Bollinger Band.
Fo r t h e we e k
60 points on a weekly continuation of the 19202-19651 for the of the immediate fall, Money Flow (52) has
basis. Similarly Nifty bullish upmove in the Sensex and 5621-5758- 38.2% of the entire fall, moved higher and has a h ead, S e ns ex wi ll
opened the week at very short term. 5895 for the Nifty. and 50dma all signaled a Buy. MFI find Support at 18020-
5456, made a high of Sensex has left The market is well converge and are suggests that money 17786-17546 and will
5485, a low of 5328 behind a Rising Gap below the long term placed nearby, thus has flowed in the f i n d Res i sta n c e at
and closed the week at while moving upwards, average i.e. 200dma forming first market at lower levels. 18542-18794-19074.
5476. The Nifty closed between 18072-18087. (Sensex – 19172 and resistance zone i.e. OBV has started Fo r t h e we e k
with a minor loss of 10 This gap will provide Nifty – 5754), medium from Sensex 18751- moving higher but is ahead, Nifty will find
points on a weekly support in case of a term average of 50dma 18799 and Nifty 5621- yet to signal a Buy. Support at 5401-5328-
basis. fall. (Sensex – 18777 and 5636. Above this, there Stochastic oscillator 52 4 2 a n d w i ll find
Both the indices Since there is a Nifty – 5634) and short is a second resistance has just given a Buy Resistance at 5556-
have formed Bullish bullish reversal term average of 20dma zone formed by the signal as %K has cut %D 5634-5721.
THE ECONOMIC REVOLUTION SUSCRIBE FOR ENGLISH VERSION, GET GUJARATI VERSION FREE
THE 30-05-2011 to 05-06-2011
8 ECONOMICREVOLUTION
Buy & Sell Cont. from Pg. 1
significant level, if 03.06.11): 18122, 18041 & 17916… 15. BEAR STRATEGY SELL SESAGOA FUT @ 299 (19.05.2011) BOOKED 50%
current inflation This week 18401 & RESISTANCES: 18294,
@ 289 (20.05.2011)… BOOKED 100% @ 282 (23.05.2011)…
numbers not comes 18203 will act as “KEY 18401, 18473 & 18558…
down (particularly food LEVELS” – if it maintains NIFTY 5476 16. BEAR STRATEGY SELL TATASTEEL FUT @ 572 AND BOOKED 50% @ 563
TECHNICAL VIEW (20.05.2011)… BOOKED 100% @ 553 (24.05.2011)…
FOR ACCURATE STOCK MARKET
(Week 30.05.11 – 17. BEAR STRATEGY SELL BAJAJAUTO FUT @ 1305 (19.05.2011) BOOKED @
PREDICTIONS
03.06.11): 1285 (25.05.2011)…
http//www.astrostocktips.in This week 5517 & 18. BEAR STRATEGY SELL NIFTY FUT @ 5477 (20.05.2011) BOOKED @ 5360
5459 will act as “KEY
TEL NO LEVELS” – if it maintains (24.05.2011)…
9810018438- 9810056543 above 5517 or maintains 19. BEAR STRATEGY SELL BANKNIFTY FUT @ 10670 (20.05.2011) BOOKED
below 5459 levels will
@ 10350 (24.05.2011)…
decide the trend of
inflation)… So be above 18401 or market in this week… 20. BEAR STRATEGY SELL ABAN FUT @ 585 (20.05.2011) BOOKED @ 558
cautious… maintains below 18203 SUPPORTS: 5459,
Technically Further (23.05.2011)…
levels will decide the 5370, 5334 & 5271…
crash in market will take trend of market in next RESISTANCES: 5517, 21. BEAR STRATEGY SELL SUZLON FUT @ 50.80 (20.05.2011) BOOKED @ 49
place, if Nifty Spot week… 5567, 5634 & 5688…
maintains below 5459 (23.05.2011)…
SUPPORTS: 18203, NIFTY FOR THE
levels… Now we can 17916, 17780 & 17591… 22. SELL AUROPHARMA FUT @ 189-190 AND BOOKED 50% @ 177
expect this pullback to RESISTANCES: 18401, DAY 30.05.11: (23.05.2011) BOOKED 100% @ 171 (24.05.2011)…
continue, only if Nifty 18558, 18788 & 18963… Today, if NIFTY
Spot able to hold above maintains above 5486 23. BEAR STRATEGY SELL ICICI FUT @ 1026 AND BOOKED @ 1005
5517 levels… On lower
SENSEX FOR THE levels – then it will give (23.05.2011)…
side we may see 5334- DAY 30.05.11: upside target of 5540-
5271 levels in coming Today, if SENSEX 5567 levels… Otherwise 24. BEAR STRATEGY SELL UCOBANK FUT @ 94.50 AND BOOKED @ 93.50
week… maintains above 18294 it may slide up to 5405- (26.05.2011)…
SENSEX 18266 will give upside target of 5370 levels…
18473-18558 levels… Or SUPPORTS: 5459, 25. OPTIONS BUY STER 160PE @ 0.60 (23.05.2011) BOOKED @ 2.20
TECHNICAL VIEW else it may slide up to 5432, 5405 & 5370… (24.05.2011)…
(Week 30.05.11 – 18041-17916 levels… RESISTANCES: 5486,
SUPPORTS: 18203, 5517, 5540 & 5567… 26. BEAR STRATEGY SELL AXISBANK FUT @ 1200 (23.05.2011) BOOKED @
1180 (25.05.2011)…
SOME OF OUR MEGA HIT 27. BEAR STRATEGY SELL HCLTECH FUT @ 496 (23.05.2011) BOOKED 50%
CALLS (23-May to 27-May) @ 486 (24.05.2011)… BOOKED 100% @ 482 (25.05.2011)…
28. BEAR STRATEGY SELL PETRONET FUT @ 131 (23.05.2011) BOOKED @
1. DELIVERY BUY COALINDIA @ 315 (20.01.2011) AND AGAIN AT 340 126 (24.05.2011)…
(31.03.2011) BOOKED 100% @ 390 (26.05.2011) …
29. OPTIONS BUY DLF 210PE @ 3.30-3.60 (24.05.2011) BOOKED @ 5.50
2. DELIVERY BUY CREWBOS @ 102 (20.05.2011) BOOKED 50% @ 115 (25.05.2011)…
(24.05.2011)…
30. BUY CROMPTON FUT @ 250 (24.05.2011) BOOKED @ 258 (26.05.2011)…
3. OPTIONS BUY HINDALCO 190PE @ 3.30 (12.05.2011) BOOKED 100% @
31. BEAR STRATEGY SELL TCS FUT @ 1157 (24.05.2011) BOOKED @ 1122
5.50 (24.05.2011)…
(25.05.2011)…
4. BEAR STRATEGY SELL DLF FUT @ 230 (16.05.2011) BOOKED 50% @ 219
32. OPTIONS BUY TCS 1150PE @ 9 (24.05.2011) BOOKED @ 22
(19.05.2011)… BOOKED 100% @ 216 (24.05.2011)…
(25.05.2011)…
5. SELL POLARIS FUT @ 200 (16.05.2011) BOOKED 50% @ 189
33. BEAR STRATEGY SELL TATAPOWER JUNE FUT @ 1215 (24.05.2011)
(19.05.2011)… BOOKED 100% @ 186 (23.05.2011)…
BOOKED 50% @ 1188 (25.05.2011)…
6. BEAR STRATEGY SELL BHEL FUT @ 2055 (16.05.2011) BOOKED 100% @
34. SELL TATAGLOBAL FUT @ 95.50 (24.05.2011) BOOKED @ 90
1950 (23.05.2011)…
(25.05.2011)…
7. OPTIONS BUY INFOSYS 2800PE @ 18 (16.05.2011) BOOKED 100% @ 60
35. BEAR STRATEGY SELL JSWSTEEL JUNE FUT @ 915 (24.05.2011) BOOKED
(25.05.2011)…
50% @ 889 (25.05.2011)…
8. OPTIONS BUY PETRONET 130PE @ 1 (17.05.2011) BOOKED 100% @ 5
36. SELL BANKNIFTY FUT @ 10400 AND BOOKED @ 10360 (25.05.2011)…
(24.05.2011)…
37. BUY NIFTY FUT @ 5370 AND BOOKED @ 5406 (26.05.2011)…
9. BEAR STRATEGY SELL HEROHONDA FUT @ 1805 (17.05.2011) BOOKED
@ 1760 (23.05.2011)… 38. BUY BANKNIFTY FUT @ 10410 AND BOOKED @ 10490 (26.05.2011)…
10. BEAR STRATEGY SELL HDFCBANK FUT @ 2260 (17.05.2011) BOOKED @ 39. SELL VIDEOIND FUT @ 185 AND MADE LOW @ 181 (27.05.2011)…
2240 (25.05.2011)… 40. BUY UCOBANK FUT @ 94.50 AND MADE HIGH @ 96 (27.05.2011)…
11. BEAR STRATEGY SELL M&M FUT @ 680 (17.05.2011) BOOKED @ 661 41. BUY ABGSHP FUT @ 369 AND MADE HIGH @ 376 (27.05.2011)…
(26.05.2011)…
12. BEAR STRATEGY SELL AMBUJACEM FUT @ 133 (17.05.2011) BOOKED @ Please note that here we had given our entry rate and 100%
126 (23.05.2011)… profit booked rates only… For example, entered short in
HCLTECH future at 496 on 23-05-2011… Given Profit booking
13. BEAR STRATEGY SELL RENUKA FUT @ 60.80 (17.05.2011) BOOKED @ 57 50% at 486 on 24-05-2011 and given 100% profit booking at
(26.05.2011)… 482 on 25-05-2011…
14. BEAR STRATEGY SELL TATAMOTOR FUT @ 1185 (17.05.2011) BOOKED
50% @ 1150 (18.05.2011)… BOOKED 100% @ 1130 (23.05.2011)… Loss trades: Adanipower (Rs.2000), Bankindia (Rs.3500), Dabur
(Rs.4000) and in Gail (Rs.2000)…
MARKET
(5485) – Monday saw weak Tuesday and Wednesday. With covering rollover, market
MAY REMAIN rallied on Thursday. Rally
continued on Friday. Week
NIFTY SUTRA
RANGE BOUND
closes with loss of 10 point.
Market bounce after taking
BSE Sensex (18266.10) and Nifty (5476.10) closed down DINESH ARVIN support at 20 month old
trendline. Another shoulder is
.0.3% and 0.2% respectively last week.Nifty Future June
was quoting at 4.75 points discount.Nifty call option June PAWAR (THAKUR) developing and if this
trendline is broken in next
5500 was very active.Support for Sensex is at 17930. M. NO. 09822050949 down move, target will be
Resistance for Sensex is at 18620 .Support for Nifty is at 5400
4100-4300. As per our One
and resistance at 5560.. http://dinuthakur.blogspot.com two ka four % formula with
The India Meteorological Department has predicted a dinuthakur@gmail.com 5485 high, short term UP
normal monsoon..Sun Pharma,Unitech,Lanco Infra,Central
blog site – trend stoploss is 5430,
Bank,Hindalco,RCOM,ONGC and BPCL will announce
quarterly results next week. http://dinuthakur.blogspot.com Continue on ......13
Tata Motors and SBI added Open Interest in June
series.Huge position was build up at Tata Motors June Call Short term Trend and reversal levels for NIFTY stocks are as follows -
Option Strike Price 1150.Good build up was also seen at Tata use it for entry/exit in two steps.
Steel June Call Option Strike Price 580.
STOCK Trend Trend Reversal STOCK Trend Trend Reversal
Strategy for Futures Option players.
1)Tata Steel(584.30) Lot Size-500 Shares ACC down 1010,1020 Kotak Bank up 430,420
Buy One Call Option of June Strike Price 580@20.70 Rs Ambuja Cem down 140,141 LT up 1630,1610
Sell One Call Option of June Strike Price 600.00@12.15 Axis Bank down 1290,1310 Mah & Mah down 695,705
Rs.
Premium .Paid=20.70*500=10350.00 Rs. Bajaj Auto down 1320,1350 Maruti Down* 1250,1260
Premium Received=12.15*500= 6075.00 Rs. Bharti Airtel up 355,350 NTPC Down* 180,183
Net Premium Paid==10350.00-6075.00=4275.00 Rs. BHEL down* 2030,2080 ONGC Down* 290,292
Maximum Profit==600-580=20*500=10000- BPCL up 625,605
4275=5725.00 Rs.- PNB down 1120,1140
Maximum Loss= 4275.00 Rs. Cairn down 342,345 Power Grid up * 99,98
Break Even Price=588.55 Cipla down 315,310 Ranbaxy up 480,470
2)ICICI Bank(1060.05) Future-Lot Size 250 DLF down* 238,240 RCom Down* 100,102
shares. Dr. Reddy down 1570,1590 Reliance Down* 970,980
Buy One Lot June Future @1060.05 Rs GAIL down 455,460 RIL Capital Down* 520,570
Sell One Call Option of June Strike Price 1100@19.00 Grasim down 2300,2400
Rs. RIL Infra Down* 640,650
Premium Received=19*250=4750.00 Rs HCL Tech up 500,490 RPower Down* 124,126
Maximum Profit=1100.00- HDFC down 670,675 SAIL Down* 160,165
1060.05=39.95*250=9987.50+4750.00=14737.50 Rs. HDFC Bank up 2290,2250 SBIN Down* 2580,2600
Max Loss=Unlimited. Hero up 1760,1720 Sesa Goa Down* 300,305
Trading Idea Hindalco down 205,210
1)Educomp(478.50Buy this stock in decline and trade. Siemens up 850,830
HUL up 295,290
2)HPCL(374) Buy this stock in decline and trade Sterlite Down* 170,172
ICICI Bank down 1075,1080
Sun Pharma up 440,425
IDFC down* 145,146
TREND OF MAJOR STOCKS Tata Motors Down 1150,1170
Infosys Tech down 2960,3040
STOCK TREND NO OF Weekly Monthly Tata Power Down* 1270,1275
DAYS Trend Trend ITC up 185,174
Tata Steel Down 595,610
Jindal S&P Down 660,675
BHEL.NS Bulllish 1 Falling Rising TCS Down 1150,1170
JPAssociate Down* 88,90
ICICIBANK.NS Bulllish 2 Falling Rising Wipro Down 450,455
* stock above 500 Daily moving avg
ITC.NS Bulllish 1 Falling Rising
Now out of our 15 different hints for nifty to Trader and Investor, 11 are bearish. Out
TATASTEEL.NS Bulllish 2 Falling Falling of 50 NIFTY stocks 37 are trading negative below their mid term supports. 18 NIFTY
TCS.NS Neutral 1 Falling Falling Stocks are below long term support 500 DMA. Reader can see Intraday, EOD technical
chart of Nifty and nse/bse stocks with Mobile Phone on my site http://
Technical indicators of major Stocks dinuthakur.blogspot.com – free and first time in India.
MFI=Money Flow Index * RSI=Relative Strength Index Dinu's SAR -Trend and Stop-loss Table for Nifty -
ADX=Directional Momentum Index
Investor Chart trade Beta Trend From Stop Gain
type type % loss
STOCK CLOSE MFI-21 RSI-14 ADX-14 Derivative Daily 20 (+1.2) UP 5380 5450* +100
BHEL.NS 1933 39.63 37.88 33.58 Swing trade Weekly 20 (1-1.2) DOWN 5840 5490* +360
Short term Bi-weekly 20 (1) DOWN 5810 5530* +330
ICICIBANK.NS 1072.7 42.06 53.76 23.18 Medium term Monthly 20 (1-0.8) DOWN 5700 5620* +220
Mutual Fund Quarterly 10 (-0.8) DOWN 5700 5670* +220
ITC.NS 189.3 44.77 54.23 14.02
Long Term Yearly 10 (-0.8) Neutral 3670 5280/5760** +2210
TATASTEEL.NS 584.3 42.77 48.5 23.71 (Daily stop-loss + close)/ 2 will give trader next day’s stop-loss and trend for NIFTY.
TCS.NS 1141.5 52.58 48 11.48 Traders to exit below trigger** and re-enter trend at trigger** or lower level. Reverse
trend, if market trades against stop loss for 30 min.*
NAME : ABGSHIPYARD
PROFIT On declines buy with
stop loss of 3860
BUY ABOVE : 372
CAMLIN
On declines buy with
RES-1
RES-2
: 383
: 396 NISHESH stop loss 71
GRAVITA
RES-3 : 408
SELL BELOW
SUP-1
: 372
: 363 JANI On declines buy with
stop loss 340
SUP-2 : 352 INDECTCID
SUP-3 : 337 Mo. +91 9227067662 Buy on declines with
stop loss 277
OUR PERFORMANCE www.janibrothers.com PETRONET LNG
nifty and 18500 for Buy above 135 only
week call made low of
STOCKS REC. HIGH TGT sensex. 5328 against target of HIND ZINC
PRICE /LOW Going forward nifty 5310) Buy above 138 only
NIFTY 5480 5328 2 TARGET ACHIEV. has good support at While medium term Disclaimer : While
BANKNIFTY 10660 10330 3 TARGET ACHIEV. 5300 and if nifty close trader can sell with due care has been
3 consecutive plus stop loss 5950 for taken in preparing the
CNXIT 6600 6388 2 TARGET ACHIEV. above Analysis, no
weekly close below target 4950,
HINDUNILVR 310 296 1 TARGET ACHIEV. 5300 then it will And long term responsibility can be or
ITC 186 190.90 TARGETACHIEVED confirm head and trader can sell with is assumed for any
shoulder pattern and stop loss 6202 for consequences resulting
HCL 505 517 1 TARGET ACHIEV.
out of acting on it.
THE ECONOMIC REVOLUTIONGUJARATI HARD COPY AVAILABLE IN GUJARAT AND MUMBAI
THE 30-05-2011 to 05-06-2011
12 ECONOMICREVOLUTION
STRONG B
STRONG ULLISH TREND CAN BE IN GOLD
BULLISH
AND SIL VER FR
SILVER OM SUPPOR
FROM SUPPORT T RA TES
RATES
Fear To Slow A Format Of Ascending Your Trading Break Out In 5 August Future Creates You Can Also See 23118 July Future
Economic Growth, Triangle In Up Trend To COPPER So You Can Earn On Weekly Chart A By Fast Bullish Trend.
Starting Strong Trend Of Give A Sign Of Bullish 10 To 20 Rupees Next Format Of Falling Width Indefinite Movement Of (57465)
Dollar And Expectation Trend On 98.70 $. When Week. We Also Looking In Up Trend Who Gives A Stock Market Can Be Silver Bearish Trend
Of Not Any Pressure Will Give Close Under 98.70 Some Earning In NICKEL Sign Of Continue Bullish Effectible For Gold Stopped At Last Week
In Crude Demand After $ So Reduction Can Be At In Crude Oil Trend On 22370. When Improvement. We Who Continue From Last
Prices Hikes So NYMEX 95.44 $. When Cross Giving Close Below Looking By Re Search You One Month. Some
MCX GOLD 5 Bullish Trend Looked In
Crude Oil Has Been 101.71 $ And Give Close 22370 So You Can Show Can Earn 100 RS Easily To
Bullish. NYMEX Crude Oil On It So You Can See August Future ( 22000 You Can Believe Make A Buying Position Precisions Metals Silver
Has Been Weekly Bullish. Bullish Trend Of 105.33 From Support Rates By
Some Weakness Looked $. It Can Be Possible A Indefinite Trend Of
In NYMEX Crude Oil By Bullish Trend In MCX Global Market. Comex
correction from 21,108 a move above 5,565 will negative only on a close World indices
is currently unfolding. take the index higher to below 11,640. But the
This wave has the targets fact that the index is world indices weekly levels 27th may / 3rd june 2011
5,636 or even 5,709.
of 17,761 and 16,493. Move above 5,709 is attempting to hold close index go entry targets stoploss
Since the index has needed to make the to its 50-DMA means that dow jones index short 12390 12310/230/150/070 12450
almost achieved the first it can reverse from long 12450 12540/630/720 12390
medium-term trend current levels to rally to
target, a bottom is neutral again. nasdaq composit short 2795 2765/35/05 2825
possible here. But we 12,876 again. Next
For the week ahead, medium-term target is long 2825 2855/85/915/45 2795
need to see the the index will face 13,130. s&p 500 short 1334 1324/14/04/1294 1344
movement next week to immediate resistance at
be sure on that point. Commodity heavy long 1344 1354/64/74 1334
5,500. Fresh long equity markets such as FTSE short 5920 5870/820/770/720 5970
The mood turned a positions are advised Brazil and Russia did well
trifle optimistic over the long 5970 6020/70/120 5920
only on a move above last week as commodity
last two sessions. this level. Subsequent prices spiked higher again nikkei 225 short 9540 9460/380/300 9620
Continuation of this rally target is 5,605. However on a weakening dollar. It long 9620 9700/780/860/940 9540
can take the index higher failure to move above was the Shanghai australia ordinary short 4730 4670/15/4555 4785
to 18,344 and then 5,500 will mean that the Composite Index that long 4785 4845/900/960 4730
18,689. Failure to move index can decline to was the major loser last hang seng short 23100 22850/600/350/100 23350
beyond 18,340 will drag 5,329 or 5,224. week, down 5 per cent,
on worries of further long 23350 23600/850/24100 23100
the index down to
17,786, 17,739 or 17,395 Global Cues monetary tightening by shanghai composit short 2704 2668/32 2722
in the near term. Global equity the Chinese authorities long 2740 2776/2812/48 2722
BEARISH TREND IN
SENSEX BELOW 18580
Mix Sign From Global Can Arrange Trend By It’s One Main Resistance By Dishman Pharma. Company And New Unit. Situation Of Market
Markets, Strength Of Break Out. Means 5375 Same That Company Did Long Term When Majority Indian With Good Bullish Trend
Dollar, End Of May NIFTY NIFTY Has Been 225 Supply Contract For Companies Concentrate From Rs 130 To 151.
Future Series When Points Up With 5600 Supply Of AIP And Just On Class 1-2 Well ORCHID Chemical
Starting Of June So Last TECHNICALLS Bullish Trend To Cross Intermediate In Product. Given Good Return
Week Indian Stock (5476.10) 5375. Weekly Chart Additional To Company Stock Recent Book From Rs 197 To Rs 340
Market Has Been Bullish Nifty Create On Create Symmetrical Have Production And Value Rs 75.68 When And Lincoln Pharma
By Some Buying And Weekly Chart A Format Triangle In Up Trend Marketing Of Own Face Value Is Rs 2/-. Also Given Good Return
Some Short Covering Of Symmetrical Triangle Format Who Gives A Maniacal, API Stock Recent PE Ratio Is From Rs 33 To Rs 51
From Support. Last In Up Trend Who Gives With Good Bullish
Week We Said That Trend. Our Regular
Readers Know That Very
Nicely. Now Fortis Can
Give You 40 % Above
Return If It Give Close
It’s One Main
Resistance. The
Company Just Invested
Rs 110 Cr To Stand Up
Dishman API In China
Who Attractive In Soon.
Some Company Like
Novartis, Astrazenaca
And Johnson & Johnson
Bullish Trend Will A Sign Of Selling At Every Are Interested To Get
Continue On 17771 In High Up To Nifty Not API From China. The
SENSEX And Same Cross Its Nearest Main Company Have Target Of
SENSEX Looked At Resistance When To Rs 300 Cr For
18300 To Take Strong Cross Its One Main Investment. The
Support Of 17771. Resistance And Giving Sign Of Bullish Trend It’s Intermediate. Company 17.55 % Who Is Below Company Yearly Result
SENSEX Create On Close On It So You Can One Definite Support. If Stared A New Oncology From Industrial PE Ratio Are Medium When
Weekly Chart A Format Earn 100 Points More. If NIFTY Give Close In
Of Bull Flag In Up Trend Nifty Break Its One Main Support Level So Re
Who Gives A Sign Of Support And Give Close Again Will Show Old
Bearish Trend Level.
Next Time It’s Advisable
For Investors Be Ware To
Watch Some Inner
Factors Than Invest.
MEDIUM TO
API Production Unit At 25.66 %. Company Quarterly Result Are Rs
LONG TERM Bawla (Gujarat) Last Shows 6.56 % EPS For 6.30 Cr Net Profit And Rs
ROCKING CALL Year. This Unit Set Up By Current T ime When 19.65 Cr Operating
DISHMAN Dishman Under Company Also Gives 60 Profit On Selling Rs
Company Carbagen % Above Dividend. 86.59 Cr In September
PHARMA (BSE Amsis AG Technical Same That We Who Was In June Rs
CODE 532526)
(119.50)
Located At
Ahemdabad (Gujarat)
And The Company Gives
It’s Different Service For
Pharmaceutical
Business And Act As
Global Outsourcing
Partners For Top World
Class Companies.
Company Also Offer A
Service Of Portfolio
Products, Development
Scale Up And
In It So Give Sign Of 200 Manufacturing.
Bearish Trend Below Points More Reduction. Company Also Work In
18580 When Giving You Can Make Sell Contracts Research On
Close On 18580 So You Position In Nifty Around New Patent Products
Can See Bullish Trend Up Resistance With Strict SL And Company Does
To 18917. You Can Also For Next Week. Don’t Contract Research Of
See 17210 To Break Sell Around Support. Generic Medicine To Sell Team (Switzerland). The Recommended FORTIS 9.60 Cr Net Profit And Rs
17770 In SENSEX And Last Week We Said In Regulatory Market. Company Concentrate (Date 17-1-2011) Who 22.45 Cr Operating
Giving Close In It. Don’t Stand In Bearish Trial Product Also Supply On Class-3 And Class-4 Given 16 % Above Profit On Selling Rs
Traders And Investors Trend If NIFTY Give Close By Swees Under Return From This Bad Continue on ......16
THE ECONOMIC REVOLUTION WELKNOWN ANALYSTS WRITERS FROM DIFFERENT PART OF COUNTRY
30-05-2011 to 05-06-2011 THE
ECONOMICREVOLUTION 15
MARKET
PREVIEW
Rajesh
Kothari
Mo.: + 91 09892145335
E-mail : rajrose29@gmail.com
the psychological the Sensex hit the intra-
support at 18,000. But week low of 17,786,
short sellers scrambling which is close to our first
to square their positions medium-term target of
on the derivative expiry 17,761, let us give the
day helped the Sensex index some rope and
The stock of BPO names such as Reliance Enterprises for example maturity and higher
clamber above this level take it as a bullish
player Firstsource Communications, were partly converted coupon rate. Tata Steel
once again. hammer formation. As
Solutions, trading at Rs Jaiprakash Associates, when its market price for instance resorted to
Anyone who had with most candlestick
17, has to increase four- Financial Technologies was ruling high in 2010. such an option in
been away on a week’s formations, the action
fold to Rs 92 before end and Educomp Solutions. According to a report November 2009.
holiday from stock next week, needs to
2012, for its FCCBs to be The key worry for these from rating and research However, these
market would have corroborate the
converted into equity. If companies is that their agency Crisil, only around strategies would typically
missed very little since inference drawn from
not, the company has to stocks are currently at a 25-30 per cent of the result in higher equity
the benchmark closed this week’s candle.
shell out cash to redeem deep discount to their outstanding FCCBs (in dilution, if the bonds are
the week on a flat note. The oscillators in the
the FCCBs which stood, as conversion prices. value terms) in the CNX converted.
It was mainly the goings- monthly chart are still
of March 2010, at $212 R e l i a n c e 500 universe are likely to Companies such as
on in Europe that hovering in the neutral
million (Rs 950 crore). Communications’ market get converted into equity. Suzlon Energy, Geetanjali
dictated our market region but they are
There are others. price for instance is 88 The report states that Gems, KEI Industries, and
movement while stocks dipping lower again.
An analysis of a per cent below its around 60 per cent of Subex had restructured
continued to react to Another leg of the
sample of companies conversion price, while these FCCBs in terms of their conversion prices
their earnings decline will take these
shows that these Jaiprakash Associates’ value belong to for FCCBs falling due in
announcements. oscillators to the
companies may either stock price is at half the companies from the 2011 and 2012. Some
FIIs were blowing hot negative territory
have to roll over these supposed conversion metals and automobile companies did not resort
and cold, net buyers in heralding the onset of a
bonds by offering more value. If the FCCBs are not sectors. to this move fearing
some sessions and net long-term downtrend.
shares (at a lower price converted by the holders, Restructured bonds sharp dilution in equity.
sellers in others Let us step back and
for each) or find cash to the companies would FCCB was the R e l i a n c e
reflecting no particular look at the long-term
the tune of Rs 12,000 have to repay the debt on favourite fund raising Communications is an
trend in their mood. picture briefly. A fresh leg
crore to redeem them. maturity, entailing huge instrument of listed example.
Cash volumes were very of the structural up-
Indian corporates may cash outflows. Any fresh companies during 2005- Not resorting to
low. Derivative volume trend is in motion since
have postponed their borrowing to enable this 07 thanks to zero coupon restructuring leaves little
peaked on the expiry the March 2009 low of
FCCB woes by resetting repayment may also cost rates available then. The choice but to redeem the
day. May derivative 8,047. One leg of this
the prices during the higher given the current conversion rates fixed bonds. Companies such
series expired peacefully uptrend ended at 21,108
downturn, but testing interest rate scenario. though became a distant as Reliance
barring the sudden spurt in November last year.
times are back again with In all, $9 billion (Rs target post the Communication, Aban
in the last hour of trading The correction from this
maturity fast 40,000 crore), worth of meltdown. Offshore, Ranbaxy, India
on Thursday. June series peak has now lasted
approaching in 2012. FCCB issuances fall due Quite a few Cements, Jubilant Life
has opened extremely almost six months thus
According to data for maturity in the next companies therefore, Sciences and Hindustan
light with open interest qualifying as a correction
from Bloomberg , FCCBs 19 months. However, used the reset window Construction for instance
dropping below Rs 1 lakh of the previous up-trend
raised by more than 100 quite a few of these could made available in 2010 to chose to redeem FCCBs
crore. from 2009.
companies are due for have been converted into lower the conversion that were up for maturity
We have a doji with a It is possible that the
maturity between now equity if their market prices. A few others also in the first five months of
long lower shadow in the index corrects time-wise
and end 2012. prices had been higher at restructured the bond 2011 given that the
weekly Sensex chart. but not entirely in
Deep discount any time in the recent terms, issuing fresh conversion price was way
This formation is called a Continue on ......13 The list includes past. FCCBs of Adani FCCBs with extended above market price.
THE ECONOMIC REVOLUTION WANT SUCCESS IN STOCKMARKET, READ THE ECONOMIC REVOLUTION
30-05-2011 to 05-06-2011 THE
ECONOMICREVOLUTION 17
IPO
VMS Industries Ltd on its 6. Related party transac-
Industries IPO. This means as per ICRA, company
incorporation started the tions in the last two has 'Poor Fundamentals'. ICRA assigns IPO
business activity in the na- years. grading on a scale of 5 to 1, with Grade 5 indicat-
ture of providing different 7. Project not appraised ing strong fundamentals and Grade 1 indicating
kinds of financial and con- by banks / FI. poor fundamentals.
sulting services and later MORE SHARES IN THE EVERY ONE
on diversified into the ship FINANCIAL,VALUATION BOUGHT.
recycling and off-shore AND RECOMMEN-
activities. DATIONS: The issue is being managed by Ashika OBJECTS OF THE ISSUE:
Poor quality IPO. The Capital, the BRLM who were associated
VMS Industries has an with Tirupati Inks and Vaswani Indus-
integrated yard for ship re- shares are not worth 1. Purchase of Machineries to be installed at existing
even at face value. More tries. The Vaswani IPO is yet to be listed
cycling of ships and off- Ship Recycling Plot;
in the exchanges. SEBI has ordered a 2. Setting up of Corporate Office at Ahmedabad;
probe into the alleged irregularities / 3. Meeting Long-term Working Capital Requirement;
VMS INDUSTRIES LTD withdrawal of applications by 3000 in-
vestors after closer of the IPO. In all
4. Meeting the Issue Expenses.
Issue Open: May 30, 2011 to Jun 02, 2011 probability the IPO may get the axe of
Issue Type: Book built issue SEBI and may return the money to the FINANCIALS
Issue Size : Rs. 25.75 Crore investors, apart from penalizing the in- RS IN CRORES
31-03-10 31-12-10
termediaries for wrong doing. Now have TOTAL INCOME 36.09 102.00
Face value of the share: Rs.10 one poor quality IPO from the same
Offer price : Rs. 36 - Rs. 40 Per Equity Share PAT 2.61 2.50
BRLM. EPS (Rs) 2.77 2.49
Minimum Shares : 160
Manimum Subscription : ---Rs.6,400
POOR FUNDAMENTAL,
Miximum Shares : 4960
Maximum Subscription : Rs. 19847200
Promoter : 1. Mr. Ajit Kumar Jain,
2. Mr. Manoj Kumar Jain,
3. Mrs. Sangeeta Jain, DO NOT APPLY
Registered Office :
2nd Floor Jain House, TIMBOR HOME LIMITED
Opp. Vitthalwadi, TIMBOR HOME LIMITED Incorporated in year 2000, Timbor
Bhavnagar - 364003, Gujarat, India Home Ltd is an India based manufacturer
Phone: 91-278-2432371 Issue Open: May 30, 2011 to Jun 02, 2011 and retailer of Italian style modular kitchen
Issue Type: Book built issue components, door frames, home furniture
Fax: 91-278-2428352 Issue Size : 3,690,000 and accessories. Company markets its
Email: info@vmsil.com Rs. 19.93 - 23.25 Crore products under brand names Timbor
Website: http://www.vmsil.com Face value of the share: Rs.10 Cucine, Timbor Doors Timbor Home and
Registrar Cameo Corporate Services Ltd., Offer price : Rs. 54 - Rs. 63 Per Equity Share IKI Kitchens.
Subramanian Building # 1, Minimum Shares : 100 Timbor has 3 manufacturing units in
Manimum Subscription : ---Rs.6,300 India, 2 of them are located in Ahmedabad
Club House Road, Miximum Shares : 3100 and 1 in Anand district in Gujrat. Com-
Chennai 600 002 - India Maximum Subscription : Rs. 195300 pany market its product though more than
Phone: +91-44-28460390 Promoter : 1. Mr. Anant Sureshchandra Maloo 80 exclusive franchise stores in India.
Fax: +91-44-28460129 2. Mr. Manan Vidhyapati Patel Timbor’s products have weak brand-
3. Mr. Abhijeet Dwarkadas Daga ing in a highly fragmented furniture indus-
Email: vmsipo@cameoindia.com
try, where unorganized players have almost
Website: http://www.cameoindia.com 4. M/s. Maloo Building Material 90 percent market share. Timbor is a rela-
Lead Managers: Private Limited tively small player in terms of size and
Ashika Capital Ltd Registered Office : number of stores. The presence of players
Listing : BSE
A-2, Harikrupa Apartment, like Future group, Godrej, Nilkamal, Style
Near Naranpura Railway Crossing, Spa, Millennium Lifestyle and Durian -
Naranpura, Ahmedabad, who enjoy a strong brand recall and posi-
shore business support ac- over, this segment is not tioning – further intensifies competition.
tivities, catering to custom- fancied in the stock mar- Gujarat – 380 013 Out of its 84 stores, only 3 are company
ers in India and overseas. ket. The shares of com- Phone: +91 79 2756 0537 owned. This exposes Timbor to the risk of
Currently the company parable companies like Fax: +91 79 2755 2596 franchisee stickiness, which may hinder its
mainly consists of two Inducto Steel and Email: ipo@timborhome.com future growth prospects / margins.
business segments: Hariyana Ship Breakers RISK FACTORE
1. Ship Recycling Ac- are available at 4PE. Al- Website: http://www.timborhome.com
1. CRISIL grade 1 for the IPO.
tivities; though the revenue has Registrar 9, Shiv Shakti Industrial Estate, 2. Negative operating cash flow
2. Offshore Support jumped by 300% in FY JR Borica Marg, in FY10 and FY11.
Business Activities. 2011, the PAT has come Lower Parel (East), Mumbai – 400 011 3. Project not appraised.
down, compared to the 4. Company has no dividend his-
previous year. This is an Phone: +91-022-23018261/ 23016761
RISK FACTORE tory.
1. IPO grade 1 by ICRA. indication of decling Fax: +91-022-23012517 5. Low margins, high debtors.
2. Moderate scale of op- margin and the level of Email: busicomp@vsnl.com 6. The agreement with larg e
eration, profit margin. competition. Website: http://www.purvashare.com share holders (DB Corp, TOI)
3. The company has STAY AWAY FROM Lead Managers: provides for exit, after lock in period,
very limited experience THE IPO. 1. Corporate Strategic Allianz Ltd will further dilute t h e
in ship recycling. Listing : BSE, NSE Continue on ......16
THE ECONOMIC REVOLUTION WEL KNOWN ANALYSTS WRITERS FROM DIFFERENT PART OF COUNTRY