SHREE GANESHAY NAMAAH !

Choppy market: Experts say chill, it will rally soon!

Future Stocks To Watch For Short Terms :

Sail If Crosses Above 114, It will move upwards to 117--120--123 !, With SL 108. !

Another Stock Which Shown Break Out Is Skumar Nation, Buy Above 51.50, SL 48, Tgt 53--55--58 ! Close @ 51.60 ! May Be JackPot Today Morning !

Tulip Buy Above 155, With SL 148, Tgt 157.50--162--165--168--172 !! High Made 160.40 N Close @ 158.25 !

Welcorp Seems To be Stable @ current rate if it doesnot close below 118, it may jump upto Rs. 125--129--132--136 or more to 148, Close @ 126.40 !

Cairn India :

Cairn can be attributed to the ongoing deal because ONGC will be giving the clearance on September 27 and this indicates a positive for the stock. It expect the price to move to about Rs 325 to Rs 330, once the entire formalities gets competed which is likely to happen by month end or the first week of October.

Titan Ind :

The long term view is definitely positive. The management has said that they will be increasing the prices. However, with the kind of run up seen in the prices of the gold and diamond, the company had to pass the price. Q2 and Q3 results are always the best results of the company. Taking all this into consideration, on a net basis, I do not think that any damage is likely to happen. It is an excellent move initiated by the company to aim the rural market because probably the urban market may be headed to saturation. Hence, technically, the stock has potential to move to about Rs 265 in the October series.

Reliance Communication:

The tower sale is seeing interest by the private equity investor. However, the entire concern is on the valuations because the mandate has been given by the management or the promoter to UBS is to hunt for 95% of their stake at 5 billion dollar.
Probably an offer of 4 billion dollar for entire 100% has been given and in the process of due diligence and bargaining I do not know to what value will be arrived at but it is certain that it is not likely to be 4.5 billion dollar for 95% of stake, which has seen a huge erosion in the value.
Last June, about 15 months back the same promoters and the same company had contacted GTL Infra to sell these same towers for over 10 billion dollar. This is likely to happen maybe in the next month or so but I do not think that market will really be satisfied with the kind of valuations been given to the tower assets of about 50,000 towers held by the company. To an extent this sale can reduce the debt of the company, which is to the extent of about Rs 32,000 crore. The management has clearly hinted that entire proceeds will be used for liquidation of the debt and even if they get about Rs 18,000 to 20,000 crore that will now reduce their debt considerably and that is the reason probably the positive move is seen in Reliance Communication.

September Month (2011) : 
Open : 5109.80
High : 5169.25
Low : 4911.05
Close: 5133.25
Avg. : 5080.84

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5133.25
Avg. : 5552.94

NIFTY FUTURE 

R5 : 5225
R4 : 5208
R3 : 5192
R2 : 5170
R1 : 5152

CMP: 5141.30

S1 : 5128
S2 : 5114
S3 : 5100
S4 : 5078
S5 : 5032

Market Updates : 

Century Textiles & Industries leads gainers in 'A' group

Shree Renuka Sugars, Torrent Power, Titan Industries and Jindal Saw are among the other gainers.

Century Textiles & Industries rose 4.38% to Rs 305.20. The stock topped the gainers in the BSE's 'A' group.

Sugar producer Shree Renuka Sugars rose 4.27% to Rs 63.50. The stock was second biggest gainer in 'A' group. According to reports, Shree Renuka Sugars is in talks with several private equity players and strategic investors to sell 25% stake in its wholly-owned unit Renuka Brasil Holdings.

Renuka Brasil Holdings owns two sugar companies in Brazil. Proceeds from the stake sale will help Renuka Brasil to reduce its $1-billion debt and expand capacity.

Power generation and distribution firm Torrent Power rose 3.72% to Rs 238.30. The stockwas third biggest gainer in 'A' group. Gujarat Electricity Regulatory Commission (GERC), earlier this month, reportedly allowed the company to raise tariff in Ahmedabad by 22 paisa per unit and in Surat by 12 paisa per unit.

Watches and jewellery retailer Titan Industries rose 3.62% to Rs 235. The stock was fourth biggest gainer in 'A' group.

Steel pipes manufacturer Jindal Saw rose 3.57% to Rs 130.60. The stock was fifth biggest gainer in 'A' group.

BSE Mid-Cap, Small-Cap indices nudge higher

Side counters rally

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,603 shares rose and 1,247 shares fell. A total of 119 shares remained unchanged. The breadth was much stronger earlier in the day.

Among the 30-share Sensex pack, 16 fell and the remaining shares rose.

Note : Data From Capital Market And Money Control !

Note : Kindly Trade With Stoploss !