Market outlook and Intraday Tips for 16th July

US markets ended higher.
Europe ended higher too.
Asia is ought to open positive.
Expect the Indian Markets to open positive. With a Gap up opening of 200 to 250 points.
The support for the Sensex is 14150 and the resistance to the up move is at 14381-14548
Nifty: (4234) the support for the Nifty is at 4200 and the resistance to the up move is at 4255-4315


Day trading Ideas :

RNRL : Buy above 79.90 for targets of 81.45 and 83.20. SL of 77.90

Rajesh Export : Buy above 38.10 for targets of 39.45. SL of 36.85

LNT : Buy above 1450 for targets of 1471 and 1484. Sl of 1435

Hindalco : Buy above 80.25 for targets of 81.85 and 82.90. SL of 78.10

Sterlite Ind. : Buy above 632 for targets of 640 and 649.50. SL of 626

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Intraday tips and market outlook for 11th June.

State of markets abroad :
US markets ended marginally lower.
Europe ended a bit higher.
Asia is trading flat to negative.

Expect the Indian markets to open positive.

NIFTY Technicals :
Trin at : 1.105
Nature is buy mode.
Support: 4574.95 & 4494.7
Resistance: 4712.2 & 4769.2

Day trading ideas :

Praj Ind. : Buy above 112 for targets of 114 and 116.50 keep a SL of 109.

Rajesh Exports : Buy above 52 for targets of 53.20 and 55. Keep SL of 50.25

Adlabs : Buy above 415 for targets of 419 and 425. Keep SL of 409.

Happy Investing !

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NTPC recomended on 1st March at Rs 184 now at Rs 205.

Educomp Solution recomended on 23rd feb at Rs 1771 now at Rs 2671.

Rajesh Exports recomended on 14th Feb at Rs 25 now at Rs 31

LNT recomended on 7th Feb at Rs 638 now at Rs 1400

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Happy Investing.

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Real Multibagger Rajesh Exports.

Scrip: - Rajesh Exports
BSE Code: - 531500
CMP: - 25.40
52 Week H/L: - 129.00 - 18.55
Buy around: - 22.40 Rs
Target : - 100 ( Within 2 yrs )

Summary: -
Rajesh Exports is involved is business of exporting gold and diamond cutting. Recently this stock has hammered due to weakening rupee. Dollar has appreciated at Rs 50 which comes to 40 months low. The second reason why it came down is Gold from 14 K sliped to10.8K.
But now GOLD is back again at 14K levels.
Rajesh Export now is the largest established private gold buyer, accounting for 1.2% of the global gold trade. Having attained this scale of operation, the company is now shifting its focus to find ways of increasing its net profit margin.
In order to meet its objective of increasing its net profit margin, Rajesh Exports has identified three major divers of growth:
Jewellery retailing: increasing presence across value chain by catering to different segments of consumer needs
Diamond jewellery: expanding product range with higher margins
White labels: expanding its market by supplying white labels to retail chain stores across the world.

The Real Estate: - Rajesh Exports has about four million sq.ft. land in Bangalore and Kerala. It is now planning to develop these properties and acquire competence in property development by setting up a 100% subsidiary, Bangalore Infra. The company may look at property development as a separate business in future.

Calculations: - Calculating all the above points and the real estate it has the Market cap should be the double of what it is now. So the stock prices will give 100 - 200 % returns in 1 Year.

Positive Factors: -
World’s largest gold exporter at lowest cost.
Stock is currently trading at low valuations.
Big order book.
Foreign investors increased their stake by 10% .
FIIs bought this stock at around Rs 95 then why should you wait to grab this stock at Rs 25.

Key Concerns: - Continued volatility in gold prices and adverse market conditions have forced Rajesh Exports, India’s leading gold and diamond manufacturer to go slow on its retail expansion plans.

The 100 Shubh stores which were expected to be rolled out by FY09, has been reduced to 40 due to continued volatility in gold prices and adverse market conditions. It is not expanding its Laabh stores either, and would keep the number of stores at a 30 in
FY09.

However, the growth in bulk business to Middle East would compensate for the loss of growth in retail, according to company sources.

The company expects its other businesses of bulk exports,white labels and diamond jewellery to more than compensate for the slowdown in its retail division.

The slowdown in its retail business is likely to affect its overall financial performance.

The net has declined so there is a cause to worry.

The Real Multibagger.
Happy Investing!

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Market outlook and Intraday tips for 20th Jan.

US markets ended marginally positive.
Europe ended a negative note.
Asia is bonded to open flat to negative.
Expect Indian Markets to follow the same trend.
Markets now looking highly oversold.
The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708
Nifty: (2846) the target for the Nifty is at 2740 and the resistance to the up move is at 2870-2922

Satyam saga is yet not over.

Day Trading ideas -

Jet Airways
Buy above 192 for targets of 195 and 198
Sell below 182 for targets of 178 and 175

HDIL
Buy above 113 for targets of 117 and 120
Sell below 107 for targets of 103 and 100

Adlabs
Buy above 185 for targets of 188 and 192
Sell below 172 for targets of 169 and 165

Buy for short term
Rajesh Exports at 21 for targets of 25 with a SL of 19.40
Karuturi Global at 13.85 for targets of 18 with a SL of 11.50

Visit my new blog Squamble.

Happy Investing

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Market outlook and intraday tips for 13th Jan.

US markets were down again yesterday.

Europe ended lower too.

Asia is bonded to open negative. We may see a negative opening in the Indian markets also.

NIFTY is technically oversold and is now in down trend for short term.

Do not initiate any fresh buys. Also don’t short much below 2700 as we can bounce back on short covering.

The support for the Sensex is 8947-8845 and the resistance to the up move is at 9575-9750

Nifty: (2773) the support for the Nifty is at 2685-2404 and the resistance to the up move is at 2812

Day trading ideas.

Unitech

Buy above 35.10 for targets of 36 and 37.10

Sell below 33.05 for targets of 32.50 and 31.70

Sesa Goa.

Buy above 77.50 for targets of 79.05 and 80.50

Sell below 74.10 for targets of 73.50 and 72.25

Rajesh Exports

Buy above 22 for targets of 22.70 and 23.25

Sell below 20.50 for targets of 20 and 19.45

HDIL

Buy above 102 for targets of 103.20 and 104.50

Sell below 98 for targets of 96.40 and 95.10

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Intraday tips and Market outlook for 22nd Dec.

US markets ended mixed. Europe ended negative.

Asia opened flat but now is trading positive.

I expect Indian markets to open flat to negative. If NIFTY hold’s on 3115 mark we are bond to remain positive the whole day.

Indian volatility index (VIX) is at 38.49 down over 15% so I expect more bullishness today.

The support for the Sensex is 9915-9870-9800 and the resistance to the up move is at 10324

Nifty: (3078) the support for the Nifty is at 3000 and the resistance to the up move is at 3113-3145

Day trading ideas.

RPL

Buy above 89.10 for targets of 90.50 and 91.80

Sell below 86.50 for targets of 85.20 and 84.10

HDIL

Buy above 169 for targets of 171.50 and 173

Sell below 164 for targets of 162.50 and 160

DLF

Buy above 309 for targets of 313 and 316

Sell below 301 for targets of 298 and 295

Rajesh Export

Buy above 27.10 for targets of 28.45 and 29.10

Sell below 24.90 for targets of 24 and 23.20

GMR Infra

Buy above 72.80 for targets of 73.50 and 74.80

Sell below 69 for targets of 67.80 and 66.50

Happy Investing

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Intraday tips and Market outlook for 15th Dec.

US markets ended a positive note. Europe ended mixed.

Asia has opened higher note. It has opened with a gap up of over 3%.

Now Asian markets are making new highs.

Expect India to have a gap up opening.

The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324

Nifty: (2920) the support for the Nifty is at 2860 and the resistance to the up move is at 3113

Day trading Ideas.

LNT

Buy Above 793 for targets of 810 and 816

Sell below 766 for targets of 759 and 752

Hindalco

Buy Above 53.25 for targets of 54.15 and 55.30

Sell below 51.10 for targets of 50.50 and 49.60

Rajesh Export

Buy Above 26.70 for targets of 27.80 and 28.90

Sell below 24.85 for targets of 24.10 and 23.15

Unitech

Buy Above 35.15 for targets of 36.50 and 37.10

Sell below 32.90 for targets of 31.90 and 31

Shree Renuka Sugars

Buy Above 63.50 for targets of 64.80 and 65.90

Sell below 61.25 for targets of 60.20 and 59.10

Happy Investing.

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