Currentopics.com

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 Call

Nifty ranagebound

Nifty was very voaltile an rangebound throughout the day on Wednesday. Nifty was taking support on 4780 and moving upwards. It has finally managed to lose above the 4800 mark. Realiance was the king on Thursdays trade by moving up by 96 points and manged to close above 2170.I expect the nifty to move above the 4850 mak on Thursday

Buy ICICI bank

Icici bank has clery given a brekpout on charts by closing the above the levels of 790. I would recommend a buy on this stock with a first price target of 807.7 which will act as amajor hurdle. 807.7 is also the 52 week high of this stock and since last 8 times the stock has failed to cross this level. But this time since last three ays the volumes have picked up in this stock so one can clearly say that by Thursday the 807 levels will be broken and new high will be made which can be be somewhere near to 840. So go long on this stock with a stop loss of 784 and mint money.

Buy Reliance Industries

There is a lot of buying activity happening in this stock since last two days. I the has rose by 9 percent in couple of days. The volumes were also healthy. I expect the same trend to continue for some more days. The stock has finally managed to close above 2170 mark and on a days high. There is a rumour in the market that some big fund house is entering the stock at these levels. I would recommend a buy on this stock at current market prie with a first price target of 2250 and a second price target of 2325 in 2 days time frame.

Buy Larsen Turbo

It’s a pure technical call. The stock is hoverning around the levels of 1600 since couple of days. I expect a positive breakout on charts above 1630 levels. If the stock managed to cross 1630 with volumes then a expect a price of 1750 in hrs only. Stay long in this stock with a stoploss of 1575 and enjoy the price target of 1750 very soon.

Levels for nifty

Nifty may give a flat to positive opening as the ata suggests. The support levels are 4780 and 4750 an 4850 will act as a hurdle.

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Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

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.

Currentopics.com

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 Call

Buy Punj Lyod

Punj Lloyd provides services to develop infrastructure for a host of industries. It lays down pipelines, tanks and terminals, refineries, power and civil infrastructure projects etc. The company had tough period in later half of FY2009. As global sentiments have turned positive, better performance is expected in FY10. It is likely to report a consolidated EPS of Rs.20/Share. At CMP Rs.255, it trades at 12.6 PE on forward earnings. Investors may BUY in range of Rs.245- 255 for a target of Rs.300 i.e. about 15PE on FY 10 estimates.  I would advise all of you to stay long on this stock with a stoploss of 250 and for a very short term price target of 300 plus may be by Friday.

Technical call

Buy Ifci

Ifci has made a smart move on Friday by gaining 11 percent in intrday.   It is trading above the psychological mark since it’s a weekend closing, weekly closing for the stock and its closing at new highs for the upmove. So momentum should be good for the stock, I have seen intraday excellent addition in the open interest; Rs 70 is the short-term target we are looking for the stock. I would advise all of you to sstay long on this stock with a stoploss of 55.

Buy Suzlon Energy

Suzlon has finally managed to close above the 100 levels on Friday. Fresh long postion have benn build up in this stock and it is looking quiet strong on charts and may give a break out any time. I would advise to stay long on this stock for a first price target of 110 and a second price target of 122.

Levels For Nifty

I expect a gap up opening for nifty. The support levels are 4700 and 4731 and the support levels are 4650 and 4602.

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Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

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.

Currentopics.com

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 Call

Repeated Multibagger Call: Aban Offshore

 Although there is some amount of profit booking happening in the stock since last two days but it has maintained a level of 1500. Let us not forget that it is proved to be a multibagger in the last five-six months. I would say that Rs 1,500 is a level to watch out for. As long as the stock can maintain its head above Rs 1,500 levels, I won’t get too bothered with a dip of Rs 30-50 intraday. But if it maintains above Rs 1,500 levels, I think it is headed all the way upto Rs 2,200-2,400. Buy this stock in truck load and start minting money.

Medium Term Delivery Call: Torrent Pharma

The stock is currently quoting at 9x FY2010E and 7.7x FY2011E. In lieu of the current re-rating in the stock we upgrade our multiple from 8.1 x to 10 x We revise our price target upwards by 29% to Rs 370 based on 10x FY2011E. I would maintain a medium term buy call on this stock.

Buy Mahindra Satyam:target 150 plus

 Mahindra Satyam happens to be a stock which is there on my pick. We have seen this gradually move up from Rs 106 odd levels to Rs 120 levels in the last couple of days. It’s staying above that Rs 120 odd levels, which is showing that it’s on a breakout above Rs 116. Short-term targets will continue to be closer to about Rs 133 odd levels and I would say the stoploss should be above Rs 120-119.5. But in the longer-term I am picking charts which are showing much long-term pattern rather than just a trading pattern for the short-term. So this is a breakout target, probably the longer period targets would be closer to Rs 145-150. So on any dip if it opens weak today or closer to Rs 120; it makes a good buying opportunity into this stock.

Levels for Nifty

I expect the nifty ti open flat. The kep support levels are 4580 and it will face a major hurdle at 4650 before going back to 4700. I would advise all of you to stay long.

Follow us on twitter too follow @ct_stock

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

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.

Currentopics.com

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 Call

                                         Buy Aban Offshore(jackpot Call)

 The company recently announced deployment of four of its seven idle rigs which will bring in revenues worth $695 million. All four newly contracted rigs of Aban Offshore are expected to be deployed from the third quarter of FY10. Considering the firm day rates and revival in rig utilisation levels, we believe that the remaining three idle rigs will also be deployed in the coming months. The new contracts will have only a marginal impact on our revenue forecast as we had already assumed rig deployment from Q3FY10 onwards and on similar day rates.  The stock is attractively valued at a P/E of 2.9x and EV/EBITDA of 5.2x on FY11 estimated earnings. We reiterate our Buy call with the target price of Rs  2200

                                                                                                                            Technical Short Term Calls

 Buy Ifci

IFCI has closed near the multiple resistance level of Rs 57 on the daily chart with rising volumes. Traders can buy this stock above Rs 57 with a stoploss of Rs 53 for a target of Rs 67 in 6 -8 trading sessions.

  Buy ICSA

   Buy ICSA with an investment view. Strong support for the stock is seen at Rs 185-170 region. The counter is trading above its Bollinger band of Rs 199 and short term target looks Rs 225-250

Buy Ispat Industries

   Huge delivery volume was witnessed in the stock. Buy with a strict stoploss of Rs 21.45 which is the 50-day moving average. Short term target looks at Rs 26 and in the medium term Rs 29

Buy Alstom Project

    Buy Alstom Projects with an investment view. The stock has strong support placed at the 50-day moving average of Rs 501. Structure looks positive and if it maintains above Rs 535 then look for a short term target of Rs 595      

Levels for Nifty

I expect a gap up opening for nifty where in 4700 will act as a hurdle and 4600 and 4580 will act as a support.

Follow us on twitter too follow @ct_stock

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

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.

Currentopics.com

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 Call

 Buy Rolta

The company’s future prospects are becoming brighter with the various orders in hand and improving yearly and quarterly performance. Presently, the company is running at a P/B multiple of 2.02x to it’s FY09 book value of Rs.88.42 while the P/E multiple of the company is running at 9.77x to its FY09 EPS of Rs.18.25. However, the industry is running at a P/E multiple of 19.30x which leaves the stock with a significant upside potential. I recommend a strong buy on this stock with a short term target of 220 by maintaing a stoploss of 170.

 Buy Cairn India

The stock is testing a key resistance above the current level and it has seen volume expansion in the past week. If it closes above rs 265 it has the potential to go till 290 to 300. Keep a stop loss of 255 and go long . Increse the position above 265 and book profits above 290. One can even take the long positions in the options segment by taking up the call options of 270 and 280 strike price.

Buy Praj Industries

The stock has seen a massive volume expansion coupled to the completion of a bullish breakout. It has a potential target in the range of 115 to 120. Keepa stoploss of 99 and go long. The stock may face a major hurdle at 108. One can increase the above the levels of 108.

Levels for Nifty

Nifty has finally managed to close above the support levels of 4650. I expect the market to open on a flat note on Tuesday.the support levels for nifty are 4650 and 4600. The major hurdles will be 4700 and 4744. I expect the nifty to cross the 4850 mark this week.

Follow us on twitter too follow @ct_stock

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

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.