ICICI BANK-INTRADAY
Monday, November 16, 2009
ICICI BANK
BUY ICICI BANK ABOVE 930.
STOPLOSS 909.
TARGET 954-962-985.
Posted in HDIL-INTRADAY by musicsri | 0 comments
BUY IDFC AT CURRENT LEVELS FOR TARGET OF I84.
Trading at 2.5 times the expected standalone book value in FY11 IDFC, we believe IDFC has further upside. We continue our rating on IDFC of ‘Buy’ and raise our price target to Rs 184.
IDFC
Above our Expectations – IDFC reported a Net Profit of Rs 250 crores for Q2FY10 above our expectation of Rs 229 crores on a standalone basis. On a consolidated basis it reported a net profit of Rs 290 crores, outperforming our expectation of Rs 268 crores having grown at 24% on YoY basis and 6% on QoQ basis. Interest Income was below our expectation of Rs 919 crores reporting at Rs 882 crores showing a growth rate of 4.8% on YoY and 1% on QoQ basis. The shortfall in the Interest Income growth has been compensated by lower than expected net interest out go of Rs 511 crores vs our expectation of Rs 532 crores declining by 2% on YoY basis and 3% QoQ basis. This was possible on account of excess liquidity in the system which compressed the borrowing spreads. Net Interest Income reported was Rs 370 crores vs our estimate of Rs 388 crores growing 6% on QoQ basis and 16% on YoY basis. A five fold increase in Other Income on QoQ basis from Rs 2 crores to Rs 14 crores has further boosted the bottom line.
Margin Management – Despite the downgrade of IDFC by CRISIL at the beginning of the quarter, IDFC continued to maintain lower cost of funds due to reaffirmation of “AAA” ratings by ICRA and Fitch as well as excess liquidity in the market. Going forward, notwithstanding any substantial change in the monetary stance of the RBI due to inflationary pressures, the NIM’s will continue to be around 3% for IDFC going into FY11.
Remarkable Asset Quality – The bank has not added any new NPA’s in the H1FY10 showcasing the remarkable ability of the company to mange their credit risk profile. The gross NPA stood at Rs 776.4 crores and the net NPA amount was Rs 450 crores standing at 0.4% and 0.2% of the loan book respectively.
Leverage on Rating downgrade- IDFC was constrained to maintain Tier 1 capital adequacy ratio of 20% to maintain “AAA” rating by Crisil. The rating downgrade by Crisil has now removed this constraint enabling IDFC to increase their leverage as and when opportunities arise. However, we estimate that the internal cash accruals in the next two quarters will be sufficient to increase the loan book by 18% without distorting the existing capital adequacy. The further leeway in loan book expansion can be used in the next financial year when credit growth is expected to improve, thereby creating opportunities for IDFC to build assets with appropriate risk reward parameters.
Key Financials (Rs Crore)
FY08 FY09 FY10E FY11E
NII 1043 1234 1548 1789
Operating Profit 942 1114 1426 1664
Net Profit 669 736 887 1050
EPS 5.2 5.7 7.4 9.8
BV 42 47.7 55.1 64.9
P/E 31 28.2 21.8 16.5
P/BV 3.8 3.4 2.9 2.5
Our View –Trading at 2.5 times the expected standalone book value in FY11 IDFC, we believe IDFC has further upside. We continue our rating on IDFC of ‘Buy’ and raise our price target to Rs 184 on account of 1) Improved outlook on loan growth 2) Reduced margin pressure; 3) Strong non interest income (investment banking and asset management) growth on account of pick up in corporate fundraising and capital markets activity; 4) Embedded value of investments like NSE; 5) Continued strength in asset quality; 6) Improving efficiency on operating parameters. Key risks include: 1) Spike in the near term borrowing rates; 2) Change the rating outlook ICRA or Fitch; 3) Any regulatory action to reduce the liquidity in the system like CRR hike.
Posted in IDFC by musicsri | 0 comments
Oct 15, 2009
Kotak Mahindra
Buy Kotak Mahindra Bank with stop loss of Rs 770 for a target of Rs 890
IDFC
Buy IDFC with stop loss of Rs 148 for targets of Rs 176-Rs 185
by musicsri | 0 comments
Today's intraday tips 15.10.09
Buy ONGC>1275.1,1285,1298,1215 Sl 1262
Buy Neyveli lignite>142.1,144.5,147 sl 138.8
Buy GVK Power India Ltd>47.75,48.3,49.4 sl 45.9
Buy HDIL>382.75,386.5,389.5 sl 377.3
Buy HCC>146.5,148.5,150,153 sl 141.7 (now be careful as stock nearing its ultimate target and can thus reverse)
Buy Punj Llyod>301.1,304,309 sl 295
Buy Sterlite>865.1,874,889 sl 849
Buy SBI>2291.1,2299,2309,2325 sl 2272
Buy Titan>1461.1,1475,1486 sl 1455
Buy PNB>856.1,864,869,877 sl 846
by musicsri | 0 comments
Markets are seeing a downtrend due to lower than normal monsoon rains and spread of the deadly swine flu in the country. Negative European markets and lower US index futures also weighed added fuel to fire and thus our mkts closed in negative territory. Sensex is near a key support and if the level of 14939 is broken, than one can see Sensex fall to the levels of 14650-14300 and in case Sensex shows some strength above 15100 level than it can rise to the levels of 15450-15600. Nifty is again near key support of 4419 and same needs to be monitored as market breadth is negative with advances at 312 against declines of 940 on the BSE. JPMorgan has upgraded India to overweight from neutral.
Daily Day Trading Tips which make Money
Buy Axis Bank>851.1,859,878 sl 838
Buy ICICI Bank>731.1,739,745,757 sl 718.8
Buy Kotak Bank>725.1,729,736 sl 718
Buy Hind oil exploration>201.1,203.9,208.8 sl 196.8
Buy TCS>541.1,548.8,554.8 sl 534.5
Buy Bombay Dyeing>361.2,366,373 sl 355
Buy BPCL>511.1,518.8,528,538 sl 497
Sell BPCL<488.9,481,477,461 sl 501
Sell SBI<1698.8,1691,1681,1661 sl 1711
by musicsri | 0 comments
Day Trading Tips BSE NSE
Buy GE shipping>277.1,279.8,282,287 sl 273
Buy Kotak Bank>743.1,749,761,778 sl 721
Sell Maruti<1348.8,1343,1325 sl 1365
by musicsri | 0 comments
INTRADAY TIPS(4.8.09)
SYMBOL: CAIRN
Buy Above Rs. 243.8 Target 1-Rs.246.7 Target 2-Rs.249.5 Stop Loss-Rs. 238.9
Sell Below Rs. 243.8 Target 1-Rs. 239.2 Target 2- Rs. 234.5 Stop Loss-Rs. 248.7
SYMBOL: ABAN
Buy Above Rs. 1,142.3 Target 1-Rs.1,184.5 Target 2-Rs.1,226.7 Stop Loss-Rs. 1,119.5
Sell Below Rs. 1,142.3 Target 1-Rs. 1,074.4 Target 2- Rs. 1,006.6 Stop Loss-Rs. 1,165.1
SYMBOL: ABB
Buy Above Rs. 724.4 Target 1-Rs.736.6 Target 2-Rs.748.8 Stop Loss-Rs. 709.9
Sell Below Rs. 724.4 Target 1-Rs. 703.6 Target 2- Rs. 682.8 Stop Loss-Rs. 738.9
SYMBOL: HINDALCO
Buy Above Rs. 108.3 Target 1-Rs.111.4 Target 2-Rs.114.5 Stop Loss-Rs. 106.1
Sell Below Rs. 108.3 Target 1-Rs. 103.2 Target 2- Rs. 98.2 Stop Loss-Rs. 110.5
by musicsri | 0 comments
INTRADAY TIPS(03.8.09)
SYMBOL: AMBUJACEM
Buy Above Rs. 108.5 Target 1-Rs.111.7 Target 2-Rs.114.9 Stop Loss-Rs. 106.3
Sell Below Rs. 108.5 Target 1-Rs. 103.9 Target 2- Rs. 99.3 Stop Loss-Rs. 110.7
SYMBOL: PATNI
Buy Above Rs. 361.7 Target 1-Rs.376.2 Target 2-Rs.390.7 Stop Loss-Rs. 354.5
Sell Below Rs. 361.7 Target 1-Rs. 339.6 Target 2- Rs. 317.5 Stop Loss-Rs. 368.9
SYMBOL: TATAMOTORS
Buy Above Rs. 421.6 Target 1-Rs.430.9 Target 2-Rs.440.3 Stop Loss-Rs. 413.2
Sell Below Rs. 421.6 Target 1-Rs. 406.3 Target 2- Rs. 391.0 Stop Loss-Rs. 430.0
SYMBOL: SBIN
Buy Above Rs. 1,811.7 Target 1-Rs.1,842.6 Target 2-Rs.1,873.6 Stop Loss-Rs. 1,775.5
Sell Below Rs. 1,811.7 Target 1-Rs. 1,760.4 Target 2- Rs. 1,709.1 Stop Loss-Rs. 1,847.9
SYMBOL: INDIAINFO (view candle sticks chart)
Buy Above Rs. 136.7 Target 1-Rs.141.6 Target 2-Rs.146.6 Stop Loss-Rs. 134.0
Sell Below Rs. 136.7 Target 1-Rs. 132.6 Target 2- Rs. 128.6 Stop Loss-Rs. 139.4
by musicsri | 0 comments
30.7.09
State of Indian Share Market
Indian share market clear trend will now emerge only after the completion of derivatives expiry and for the said purposes one can keep track of the Sensex and Nifty Support and Resistances under surveillance.
Trading Tips Result for Indian stocks
APIL profit for the day is Rs 890, Maruti gains for the day is Rs 2780, ITC returns for the day were Rs 180 for every 100 shares traded as per the given tip. Balance of the tips did not reach the entry price.
Intraday Trading Tips BSE NSE
Buy Voltas>141.5,145,148 sl 136
Buy PFC>233.1,237,242 sl 226
Buy Axis Bank>921.1,929,939 sl 915
Buy M&M>845.1,849,853,859 sl 838
Buy Tisco>451.1,459,465 sl 445
Sell Hero Honda<1614,1602,1593 sl 1622
Buy APIL>522.1,529,539 sl 514
Buy Maruti>1401.1,1408.8,1419 sl 1392
Sell HCLTech<233.8,230.5,224.5 sl 240
DELIVERY TIP:
BUY MAHINDRA AND MAHINDRA FOR TARGET OF 1000-1050
STOPLOSS 800
by musicsri | 0 comments
HCL Technologies
Buy HCL Technologies above Rs 246. Stop loss of Rs 236, target of Rs 258.70-Rs 262.20-Rs 272.20.
by musicsri | 0 comments
29.7.09
Free Analysis of Indian share Market
Indian martket is in an indecisive mode and thus one has to keep the levels of Sensex 15280-15100 and the resistance 15600-16046 under watch. NSE Nifty support exists at 4535-4500 with resistance at 4615-4700-4789.
Intraday Trading Tips at BSE NSE
Renuka sugars profit for the day is Rs 1520, ITC made money Rs 500, Maruti gains for day trading were Rs 4500, Axis bank returns in market were Rs 3330, ONGC gave a profit of Rs 565, HDIL made money at BSE NSE Rs 1240 for every 100 shares traded as per the given tip.
NSE BSE day Trading Tips
Buy ACC>871.1,874.9,884,898 sl 858
Buy Renuka sugars>170.1,172.9,178 sl 163
Buy APIL>540.1,546,559 sl 529.8
Buy Tata Motors>416.1,419.8,424,429.8,433 sl 407
Buy Axis Bank>961.1,968,974,982 sl 948
Buy Tata Steel>475.1,479.9,489 sl 464
Buy Maruti>1391.1,1398.8,1415 sl 1383
Buy ITC>241.1,244.8,248.8 sl 235
Buy HDIL>288.1,289.9,292.9,299 sl 283
National stock exchange strong futures
DLF, Bharat Forg, Tata Motors, Jindal Steel, Maruti, Purva, HCL Tech, LILT, Jindal Steel & GSPL
National stk exch weak futures
IOC, Chambal Fert, RPL, Nagar Fert, Essar Oil, LIC, India Cemt, Reliance, Bank of India & ZEEL
Posted in 29 th july by musicsri | 0 comments
28.7.09
Indian Stock Market Analysis and Tips
Indian share market is showing a seesaw movement and thus one has to keep support of Sensex i.e. 15280-15100 and resistance 15600-16046 under observation. Similarly Nifty support at 4535-4500 with resistance at 4615-4700-4789 be kept under watch.
Finance News Monitor
RBI will announce its first quarter review of the 2009-10 monetary policy tomorrow and thus one will not see any major decisions as it will be more or less a balancing act which will provide stimulus to the economy and also keep prices under check. Monsoons delay can be a deciding factor for the monetary policy.
NSE BSE Intraday Trading Tips
Buy Renuka Sugars>154.1,155.6,158.8 sl 149.8
Buy ITC>240.3,243.9,245.9,249 sl 235.9
Buy Maruti>1373.3,1382,1391.8 sl 1365
Buy Axis Bank>941.1,948.8,959 sl 932
Buy Aban>994.2,998.8,1009 sl 986.8
Buy HDIL>281.1,285,289 sl 274
Buy ONGC>1111.1,1125,1138 sl 998
Note: Hero Honda has formed Bearish Harami candlestick formation and thus stock can reverse any time. Thus if you are long in this stock than exit with profit.
NSE BSE strong futures
DLF, Bharat Forg, Tata Motors, Jindal Steel, Maruti, Purva, HCL Tech, LILT, Jindal Steel & GSPL.
Weak futures of NSE BSE IOC, Chambal Fert, RPL, Nagar Fert, Essar Oil, LIC, India Cemt, Reliance, Bank of India & ZEEL
by musicsri | 0 comments
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Entries (RSS)
India Stock Market Picks and Tips in Indian Shares
BSE Sensex Index
S&P CNX Nifty - India
NSE Nifty Index
Dow Jones Industrial Average Index
BSE Sensex Weekly Outlook
Nifty BSE NSE Stock Tips | 22 July
Nifty Update
Nifty is in uptrend and same is also being shown by the moving averages. Thus do not blindly short the market. However trade with stop loss as a bout of profit taking can emerge. Sensex support exists at 15000 with resistance at 15300-15600-16046. Nifty support exists at 4400 with resistance at 4615-4700-4789.
Day Trading Tips
Buy SBI>1715.1,1725,1738 sl 1698
Buy PFC>226.1,228,230 sl 222.9
Buy Punj Llyod>235.1,239,245 sl 228.9
Buy SAIL>172.1,174.5,175.9,178 sl 168.8
Buy TCS>491.1,498.8,508.8 sl 485
Strong futures
HCL Tech, sesa Goa, Wipro, DCHl, Grasim,
by musicsri | 0 comments
India Stock Market Picks and Tips in Indian Shares
BSE Sensex Index
BSE Sensex Weekly Outlook
D
20.7.09
BSE NSE Trend Analysis for Day Trading
Indian stock market is likely to give a breakout if Nifty closes above the level of 4401 for the target of 4600-4615-4650 and keep these levels under surveillance as each will act as resistance. Nifty has strong support at the levels of 4265-4200 and deep support at 4000 levels. BSE Sensex has support at 14340 with resistance at 14963-15182-15300. Technically market is in uptrend.
BSE NSE Tip Results
Sesa Goa gave tremendous returns of Rs 1050, Maruti made money Rs 4855, Sail gains for day traders is Rs 890, HCL tech was also star tip of the day with gains of Rs 2370, Noida Toll gains were Rs 220, NMDC made money at BSE NSE Rs 2820, TCS returns in stk mkt were Rs 2265 for every 100 shares traded as per the given tip by analyst.
Day Trading Tips to Trade
Buy TCS>436.2,439.8,444.9 sl 429.8
Buy NMDC>395.1,399,409 sl 388.8
Buy ITC>232.1,235,238 sl 225.5
Buy Sail>170.2,171.7,175 sl 165.8
Buy Maruti>1201.1,1209,1219 sl 1195
Buy HCL Tech>221.1,223.9,229.5 sl 214.9
Buy Sesa Goa>219.1,222.5,226.9 sl 212.8
Buy Bhushan Steel>703.1,709,713,739 sl 684
Buy Suzlon>96.1,97.4,99.7 sl 92.9
Buy Essar Oil>136.1,138.9,142 sl 131.9
Buy Suraj Diamond>34.4,35.3,36.3 sl 32.2
Delivery Tip: Buy Noida Toll with stop loss 38.8 for target of 49.
NSE strong futures
Sesa Goa, HCL Tech, Hero Honda, GSPL, Grasim, ZEEL, ITC, Wipro, REC LTD, Edu Comp
NSE weak futures
Purva, Sintex, Bajaj Hind, Orchid Chem, Nagar Fert, Prajind, GTL Infra, Mosear Bear, Pantaloonr & Essar Oil.
by musicsri | 0 comments
15.7.09
Nifty sure shot tips
BSE and NSE have shown a technical upmove and same was expected and same was also boldly stated for the readers. Now mkt may see some more upmove in the days to come with resistance for Sensex at 13937-14159 with support at 13650. NSE Nifty suggests
resistance at 4199-4255 with support at 4050.
BSE NSE hot tipss Profit
Bosch profit for the day is Rs 3800, Bajaj Auto helped get star returns of Rs 6900, Gail gains for day traders were Rs 735, Sail made money in stk mkt Rs 930, Maruti gainz for the day were Rs 2400, HCL tech made money in stock market Rs 1140 and TCS returns were Rs 800 for every 100 shares traded as per the given tip. Reliance and Bhel sell recommendations did not reach the entry price levels.
RBI is ensuring safe online experience and has in turn ordered a double layer of protection for secured online credit card transactions wef 01 Aug 2009. One may have to enter one more level of password.
Day Trading Tips India
Buy Bajaj Auto>1071.1,1079,1089,1096 sl 1058.8
Buy Bosch>3351.1,3358.8,3389 sl 3325
Buy Gail>326.1,329,335 sl 319.8
Buy SAIL>154.5,156.5,159.8 sl 149.8
Buy Maruti>1091.1,1094.9,1099,1107 sl 1082.8
Sell Bhel<2028.8,2021,2002 sl 2036 Buy HCL Tech>191.1,193.9,195.5 sl 187.8
Buy TCS>407.5,409.9,411,415 sl 401
Delivery Tip: Hold TCS above 399 for target of Rs 425 (22 trading sessions)
NSE strong futures: Tulip, Grasim, PFC, Ambuja Cement, Sesa Goa, Colpal, Patni, Cipla, Gail & ITC.
NSE Weak futures: Orchid Chem, Nagar Fert, Adlabs Film, Praj Ind, Bajaj Hind, Chambal Fert, Ispat Ind, Essar Oil, Bhushan Steel & BRFL.
by musicsri | 0 comments
Buy Torrent Power>106.1,110,111 sl 101
Buy Infosys>1421.1,1429,1449 sl 1408.8
Buy Aban>451.1,457,459,469 sl 444.8
Buy Reliance>1781.1,1789,1799 sl 1772.8
Buy Tata Power>906.1,914,919 sl 899
Buy Voltas>57.1,58.2,59.9 sl 55.5
Buy ACC>593.1,599,601,611 sl 586.8by musicsri | 0 comments
SBI
BUY SBI ABOVE 1165.1 STOPLOSS 1157.
TARGET 1185-1200.
CHAMBAL FERTILISERS.
BUY ABOVE 43.
STOPLOSS 41.9.
TARGET 44.4-46.
by musicsri | 0 comments
BUY SAIL ABOVE 92.3.
STOPLOSS 89.8.
TARGET 94.9-95.5-98.3.
STRONG CLOSE OF NIFTY ABOVE 2900 CAN TAKE MARKETS TO 3050 -3150
KEEP BOOKING PROFITS.
by musicsri | 0 comments
BUY COPPER MCX FEBRUARY AROUND 152.
STOPLOSS 146 . TARGET 174-180.
INTRADAY EQUITY:
BUY RELIANCE ABOVE 1275. STOPLOSS 1250.
TARGET 1305-1340.
by musicsri | 0 comments