Indian stock market calls-Nitin Gupta(30/june/09)

Categorized | sensex

Tags | nifty, sensex

Indian stock market calls-Nitin Gupta(30/june/09)

Posted on 29 June 2009 by Admin

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Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio Management Services

Today’s Calls

My every call surged up by 5 percent

All the calls which I have recommended in this website have surged up by 5percent each. Chambal and Nagarjuna fertilizer were making a smart move today. Unitech the darling of infrastructure stocks was up by 5 percent. Aban offshore made a high of 940 and Max India made a smart gain of 15rs. Indusind bank was up by 6 percent and Nitco made a smart gain of 4 percent, Reliance petro achieved its target of 131 and last but not the least Sun tv was up by 5 percent. I would advise all of u to start booking profit now in fertilizer stocks and hold long rest of the positions.

Buy JP hydro at every dip

Two days back I have recommended this stock at 92 and the stock is facing stiff resistance at 95. If crosses 95 with volume then expect a movement till 104 in intraday. Stay long in this stock for a tgt of 140 by keeping a stoploss of 88.

Long term Call

Buy Cals refinery at current price now. The refinery will be operational by the year 2011. I would advise to start accumulating this stock from here with a price tgt of 100 rs in year time frame. The stock is traded only at bse.

Sell Tata Motors

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Tata Motors’ (TAMO) consolidated loss including JLR stood at Rs 25 billion for FY09. However, after accounting adjustments, we reckon pre-tax loss stood at Rs 90 billion. Management said it has pumped in $ 1.4 billion into JLR post the acquisition. Management commentary suggested JLR could continue to make losses at EBITDA level in FY10 as well. Given JLR’s annual spending of $ 1 billion on capex and R&D, it would need further cash infusion from the parent (we reckon a further $ 1 billion). TAMO’s consolidated debt:equity works out to 5.7. Adjusted for goodwill and capitalisation of R&D spend, JLR’s networth has already been wiped off. I maintain a sell with a price tgt of 265.

Buy Sugar Stocks
Bajaj hindustan and Balrampur Chini, are both looking good .I have adviced balrampur chini in past. I think sugar prices are trading almost at three years high in the commodity markets and as long as the underlying commodity remains bullish we remain bullish on the sugar sector. I think there is a possibility of 20-25% upmove in a short period of time. I would keep a tgt of 128 in balrampur chini and 252 in bajaj Hindustan.

Levels for nifty
Expect a very volatile session today. I would again advice u all to buy nifty near to 4340 . The support are 4300 and nifty may face a huge resistance near 4450.

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Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information in this site are solely responsible for their actions.