Short Term Calls : Future Calls  

NO CALLS FOR TODAY !

Past Perfomances :

Tata Steel Can Buy @ This Level With SL 558, CMP 574.05, TGT 580--591--598--605--612. Close @ 573.85.

Sail If falls Below 129, Then Stay Away, N Go Long Above 132.60, CMP 131.70, TGT 134--139--142--145--148--152. Must B A Jack Pot Call. Close Above 129. Close @ 129.40

NCC Showing Weakness, But Trend Can Move Upside To 82--85.50--89.50--95 Or More CMP @ 79.65, SL 77 (C.B.) May Be Jack Pot Call. Close @ 79.20.

Positional Call Buy Bank Nifty @ 11085--11095, SL 10925, Tgt 11200--11450---11600 For 2-3 Days.High 11405, Close @ 11179.45. Revised SL 11150. Close Call.

Volume Buzz

Adanipower Can Buy With SL 102, Tgt 111--115--119--123, CMP @ 107.85., CLOSE @ 109. Call Triggered Our 2 Tgt Hit, Close @ 112.90.

Market Updates :

SKS Microfinance leads gainers in 'A' group

Petronet LNG, Zee Entertainment Enterprises, Indiabulls Financial Services and Suzlon Energy are among the other gainers

SKS Microfinance jumped 9.19% to Rs 548.45 and topped the gainers in the BSE's 'A' group. The company unveils its Q1 June 2011 earnings on 26 July 2011.

Petronet LNG jumped 9.08% to Rs 167.05 after striking a record high of Rs 168 in intraday trade today, 21 July 2011. It was second biggest gainer in 'A' group. The stock extended Wednesday's 3.27% advance triggered by strong Q1 June 2011 results which were announced during market hours on that day. Petronet LNG's net profit spurted 130.5% to Rs 256.71 crore on 83% growth in net sales to Rs 4623.31 crore in Q1 June 2011 over Q1 June 2010.

Zee Entertainment Enterprises advanced 6.1% to Rs 132.20 and was the third biggest gainer in 'A' group. The company's consolidated net profit before exceptional items rose 7.5% to Rs 130.20 crore on 3.1% increase in total revenues of Rs 698.30 crore in Q1 June 2011 over Q1 June 2010. Commenting on the results, Subhash Chandra, chairman of the company said "During the quarter, we have seen some pullback in ad spends. It is encouraging to see that continued digitization is reducing our reliance on advertising revenues as there is robust build-up in subscription revenue stream. The company remains committed to deliver high quality content to its viewers across genres."

Indiabulls Financial Services surged 4.72% to Rs 180.70. The stock was fourth biggest gainer in 'A' group. The company's consolidated profit after tax soared 66.18% to Rs 221.98 crore on 78.35% jump in total revenues to Rs 840.17 crore in Q1 June 2011 over Q1 June 2010. The company announced the results during trading hours today, 21 July 2011.

Suzlon Energy rose 3.55% to Rs 52.55 and was fifth biggest gainer in 'A' group. During market hours today, 21 July 2011, the company said it has set the cash compensation for the transfer of shares in REpower Systems SE from minority shareholders at euro 142.77 per share. The total cash compensation payable by AE-Rotor Holding BV, a stepdown wholly-owned subsidiary of Suzlon, is expected to be around 63 million euros. A successful completion of these proceedings will result in REpower becoming a step-down wholly-owned subsidiary of Suzlon.

Suzlon Energy unveils its Q1 June 2011 earnings on 30 July 2011.

IT stocks were mixed after robust Q2 results announced this week by tech heavyweights Intel, Apple and IBM Corp in the US. India's third largest IT exporter by sales Wipro rose 0.64%. The stock had lost 3.95% on Wednesday after the company reported a muted 1% growth in bottom line in Q1 June 2011. The company announced before market hours on Wednesday that consolidated net profit as per International Financial Reporting Standards (IFRS) rose 1% to Rs 1335 crore on 18% growth in total revenue at Rs 8564 crore in Q1 June 2011 over Q1 June 2010. Wipro expects 1.98% to 3.97% growth inrevenues from IT services business at $1.436 billion to $1.464 billion in Q2 September 2011 over Q1 June 2011.

India's largest IT company by sales TCS fell 0.71%, with the stock falling for the second straight day. TCS' consolidated net profit fell 7.9% to Rs 2415 crore on 6.3% growth in revenue at Rs 10797 crore in Q1 June 2011 over Q4 March 2011. Operating profit declined 2% to Rs 2820 crore in Q1 June 2011 over Q4 March 2011. The result was announced after trading hours on Thursday, 14 July 2011.

July Month :    
Open : 5700.20 
High : 5751.60
Low : 5502.15
Close: 5544.20
Avg. : 5624.54

Yearly (2011) :       
Open : 6202.10       
High : 6209.90      
Low : 5175.10      
Close: 5544.20
Avg. : 5782.83

NIFTY FUTURE     

R5 : 5640
R4 : 5620
R3 : 5602
R2 : 5582
R1 : 5560

CMP: 5544.20

S1 : 5528
S2 : 5510
S3 : 5500
S4 : 5480
S5 : 5468

Lowest closing level for Sensex, Nifty in more than a week.

Weak global cues pushed Indian stocks lower for the second straight session. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty reached their lowest closing level in more than a week. European stocks dropped on Thursday after data from Chinaand Europe pointed to a sharp slowdown in manufacturing activity. The Sensex fell 66.19 points or 0.36%, off close to 131 points from the day's high and up 21 points from the day's low. The market breadth, indicating the overall health of the market, which was positive in early trade turned negative as the session progressed.

Index heavyweight Reliance Industries (RIL) declined. Realty stocks fell on worries higher interest rates could dent demand for residential and commercial properties. Hero Honda Motors rose as growth its first quarter net profit surpassed market expectations. Hindustan Zinc edged higher on robust Q1 result. However, Exide Industries tumbled after weak Q1 result. Zee Entertainment Enterprises jumped after the company said a content focused approach combined with better monetization of subscription revenues would contribute to the company delivering steady return in the year ahead. FMCG stocks rose on defensive buying. PSU OMCs fell on reports that the government is unlikely to raise diesel prices again this year.

Among the 30-member Sensex pack, 21 stocks fell while the rest of them rose.

Index heavyweight Reliance Industries (RIL) declined 1.66% to Rs 860.75. The stock hit low of Rs 857.65 and high of Rs 876.35 so far during the day. The company unveils Q1 June 2011 results on Monday, 25 July 2011.

India's second largest listed telecom operator by sales Reliance Communications tumbled 4.24% to Rs 90.45 and was the top loser from the Sensex pack.

Jaiprakash Associates (down 1.39%), HDFC Bank (down 1.30%), NTPC (down 1.16%), Hindalco Industries (down 1.14%), DLF (down 0.86%), TCS (down 0.83%) and State Bank of India (down 0.81%), edged lower from the Sensex pack. Tata Motors (up 0.71%), Hindustries Unilever (up 0.60%), Wipro (up 0.58%), Infosys (up 0.57%), ONGC (up 0.53%) and ITC (up 0.36%), edged higher from the Sensex pack.

India's largest motorcycle maker by sales Hero Honda Motors rose 1.57% to Rs 1,788.85 after company announced during market hours today that net profit rose 13.46% to Rs 557.89 crore on 32.2% growth total turnover to Rs 5683.33 crore in Q1 June 2011 over Q1 June 2010. The growth in net profit surpassed market expectations even as revenue growth slightly lagged expectations. Hero Honda Motors was seen reporting 10.85% growth in net profit to Rs 545.06 crore on 32.92% growth in operating income to Rs 5711.34 crore in Q1 June 2011 over Q1 June 2010, as per average estimate of 11 brokerages.

Ashok Leyland rose 1.10% to Rs 50.40 after the company announced during market hours today that it has been fixed 3 August 2011 as the record date for a liberal 1:1 bonus issue. Ashok Leyland's net profit fell 29.67% to Rs 86.25 crore on 6.28% increase in net sales to Rs 2495.50 crore in Q1 June 2011 over Q1 June 2010. The result was announced on Tuesday, 19 July 2011. The company said a change in accounting policy on amortization of the value of leasehold land in Q1 June 2011, resulted in a reduction in expenditure by Rs 9.46 crore during the quarter.

Hindustan Zinc rose 0.69% to Rs 138.20 after company announced during market hours today that net profit rose 67.79% to Rs 1494.91 crore on 44.63% growth in net sales to Rs 2821.35 crore in Q1 June 2011 over Q1 June 2010.

Zee Entertainment Enterprises jumped 5.34% to Rs 131.25, with the stock bouncing back from the day's low of Rs 117.75. The company announced during market hours today that consolidated profit after tax before exceptional items rose 7.5% to Rs 130.20 crore on 3.1% growth in total revenues to Rs 698.30 crore in Q1 June 2011 over Q1 June 2010. The sports business revenue during the quarter was Rs 87.30 crore, while the operating losses of the sports business stood at Rs 56.60 crore, Zee said.

Biocon slumped 2.64% on profit taking. The company announced during market hours today that its consolidated net profit from continuing operations rose 7% to Rs 70 crore on 11% growth in total income to Rs 454 crore in Q1 June 2011 over Q1 June 2010. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% to Rs 133 crore in Q1 June 2011 over Q1 June 2010. The company said it expects to end the year on a note of strong performance.

Note : Data From Capital Market.com.

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