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 Deepak Fertilizers

Deepak Fertilisers (DFPC) halted the production of methanol in H2FY09 due to a sharp fall in the price; however, the same has restarted in Q2FY10. Management believes that OPM will be stable since benefit of improving chemical prices will be set off by improved raw material prices.Improved feedstock availability has eased our concerns on the stock. Hence, we have upgraded our earnings by 7.2% and 8.2% for FY10E and FY11E, respectively due to better capacity utilisation of plants. I therefore advise all clients to take long position in this stock for a target of 140 plus in the near term.

Buy Deccan Chronicle

At Rs 114, Deccan Chronicle Holdings is trading at 9.6x FY2011E Earnings, which is at a discount to its peers due to scalability issues as it is characterised as a single publication company with limited reach (only South). However, rising Profitability in IPL (possibility of un-locking) and successful foray into the Bangalore print market warrant a re-rating. Valuing the stock at 12x FY2011E EPS (40% discount to peers like Jagran and HT Media), I would give a target of 150 plus in short term.

Technical Calls

Buy Hikal

At a price of 360 with a price target of 400 plus in 4 to 5 days. There is a lot of fund based buying happening in this stock since last so many days.I would advise you all to put a stoploss of 345 and trade long in this stock.

Buy Reliance industries

 At the opening bell between 2090 to 2110 for a intrday target of 2132 and 2147 by putting a strict stoploss at 2178.

Buy Tata steel

between 510 to 517 for a intraday target of 526 and 532. It will face a major hurdle at 535.Keep a stoploss of 504 and go long

Levels for Nifty

The support levels for nifty are 4950 and 4900 and the resistance levels are 5025 and 5050. I expect a flat to gap up opening in the early trade.

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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

                                                                                               Nifty may correct today

Nifty has managed to close in the positive territory on Friday. It was a very volatile session on the last trading day. I expect the nifty to give a flat to negative opening  today which may tak the nifty to the levels of 4940 and thereafter 4890 which will act as a major support. I advise all my investors to have patience for the first one hour of the trade and then only take long positions. For this week my favourite being the infrastructure stocks. Iam maintaing my long positions in JP associates , Dlf and Unitech . Just follow us we will move these scrips.

 

                                                                                                  Buy Jp Associates

 

JP Associates has given a sharp move on Wednesday. The stock has finally managed to close above the 250 levels which is a positive sign for the stock. On Tuesday the stock may give a opening near to 248 levels which is good price to enter in this stock. Sice last thyree days there is a lot of fund activity happening in this stock and the volumes has also climbed up and above it is looking very strong on the charts. I would advise all of you to saty long in this stock for a price target of 290 in this week  by keeping a strict stoploss of 238. All of you will witness the huge fund buying in this stock after 12 pm.

 

                                                                     Buy Reliance Industries(Jack Pot call for October series)

The darling baby of the stock market has not at all participated in this rally since last so many days. Although the volumes has increased in this stock since couple of days.The stock is trading between 2050 and 2100 levels. Today I expect the stock to test 2060 levels in early hours of trade and then it may give a upmove. People who have patience and have a lion heart take the long position in 2100 strkie price october call between 82 to 94 levels. I expect the stock to move till 2530 levls in the october series. Keep a stoploss of 73 in the call option and trade for the target of 380 in the next month. Relaince is eyeing to acquire part or whole of LyondellBasell which is considered as a sick petrochem unit of Netherlands.

 

                                                                                             Buy Orchid Chemicals

The launch of Tazo-Pip in the USA and the incremental revenues from the Penem segment (expected in Q4FY2010) would act as major triggers for Orchid Chemicals and Pharmaceuticals in the near term, whereas the reduction in debt levels and interest cost would drive the stock in medium to long term. At the current market price of Rs 164, Orchid is discounting its FY2011E earnings by 7.2x. I maintain a buy recommendation on the stock with a revised price target of Rs 184. I would advise all of you to take positions near 154 levlels with a target 190 plus in coming days.

 

                                                                                                      Levels for Nifty

Nifty may give a negative opening today . The support levels are 4940 and 4891 and the resistance levels are 4980 and 5000.

 

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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

Nifty Marches Ahead

Nifty has made a smart on Wednesday by gaining around 60 points through the day. All the metal and the banking stocks helped nifty gained so much and therefore manages  to closes near 4950 levels. All our recommendations rocked on Wednesday. I have recommended Tata steel at 460 which has made a high of 531, Tata motors was recommended at 560 which made a high of 609 in intraday only. Renuka Sugars was recommended at 194 which made a high of 206 and the rising star was recommended at 120 which was closed on 131. Just follow our tips and start minting money.

Buy Tata Tea

Considering the aggressive growth plans, I believe that Tata Tea is a good investment proposition for the medium to long term. However, with the rising raw material prices we expect a moderate performance in the near term and believe that trading at 12.8x its FY2011E earnings the stock has limited upside in the near term. I maintain a ‘Hold’ recommendation on the stock with a price target of Rs 959. Keep a stoploss of 860 and fo long.

Buy Mercator Lines

We have seen good price and time correction on Mercator Lines and it is just forming consistently higher bottoms on this and we have seen increased activity since last one or two days. The resistance for this stock is about Rs 70, so we could buy the stock with a target of Rs 70 and keep a stoploss of Rs 54 on this stock. The medium target for this stock will be 82.

Levels For nifty

I expect a positive and a gap up opening for the nifty. The resistance levels are 5000 and 5100and the support levela are 4900 and 4850.

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

Markets END With Marginal loss

The Market snapped a six-day winning streak and closed marginally lower on the back of weak global cues and profit booking in telecom, cement, realty, select metal, capital goods and private banking stocks. ONGC was also the loser.However, buying in PSU banking, auto, select technology and oil marketing companies’ shares capped the losses to major extent and helped the indices to close with modest loss. The equity benchmarks continued to see consolidation in today’s trade as well. The 30-share BSE Sensex closed at 16,214.19, shed 50.11 points, after seeing an intraday low of 16,119.95. The 50-share NSE Nifty slipped 20.95 points, to settle at 4808.60, after hitting a day’s low of 4786.25.

Buy Tata Steel

The stock has been upgraded to buy based on three factors.The first is the view that the worst is over for Corous and that each quarter at Corous should be incrementally better.Nascent recovery in steel consumption in Europe, a rising capacity utilizationand a decline in coking coal prices should drive an EBITDA TOUR AROUND AT Corous. Also the stock has broken the important resistance level of 477 on charts. I expect the stock moving further to 520 in 6 trading sessions.

Technical calls

Buy corporation bank

with a 3 session target of 410 by keeping a 15 rs stoploss from the market price. Traders are advised to increse their positions only above 400.

Buy Reliance Industries above 2170 which is acting as a major hurdle since last two days. I expect a positive news coming in for this stock. I would advise all the traders to buy in bulk or enter the 2190 strike price call between 30 to 40 for the target price of 2350 in equity in 5 trading sessions, keep a stop of 2105 and stay long

Levels for Nifty

I expect a flat to negative opening on Tuesday. The support levels for nifty are 4780 an 4750. The major resistance is at 4850.

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.