BUY EVEREADY INUSTRIES @ RS.70.6 - HINDU BUSINESS

We recommend a buy in the stock of Eveready Industries from a short-term perspective. It is seen from the charts of the stock that it has been on a long-term uptrend from its December 2008 low of Rs 11.9. However, the stock encountered resistance around Rs 81 in early September 2010, and has been on a correction. After retracing 50 per cent Fibonacci retracement of its prior up-move, the stock found support around Rs 67 last week. Moreover, this level is also a significant intermediate-term support level. The stock jumped 4.7 per cent accompanied with above-average volume on October 27, reinforcing its uptrend. Besides, the stock has breached its 21-day moving average, which is a positive signal. Daily moving average convergence divergence oscillator has signalled a buy. Both the daily as well as weekly relative strength indices are heading towards bullish zone. We are optimistic on the stock from a short-term perspective. We anticipate the stock to move higher, until it hits our price target of Rs 73 or Rs 75 in the forthcoming trading sessions. Traders with short-term horizon can buy with stop-loss at Rs 68.



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NSE / BSE DAY TRADING TIPS FOR 27.10.2010

DLF

We recommend a sell in the stock with stop-loss at Rs 369 levels.

ICICI Bank

The stock fell by two per cent witnessing selling pressure on Wednesday. We recommend a sell with fixed stop at Rs 1,120 levels.

Infosys

Fresh long position can be initiated only if the stock advances above Rs 3,004 levels with stiff stop-loss.

L&T

Make use of rallies to sell the stock while maintaining stop-loss at Rs 2,030 levels.

ONGC

We reiterate our sell recommendation in ONGC as the near-term stance is negative.

Reliance Capital

Initiate fresh long position if Reliance Capital climbs above Rs 855 levels with rigid stop-loss.

Reliance Communications

After initial decline, the counter rebounded 3.6 per cent last session, with above average volume. We recommend a buy with stiff stop-loss at Rs 180 levels.

Reliance Industries

In the last trading session, the stock was volatile and formed spinning top candlestick pattern implying indecisiveness. Desist trading in the stock for the session.

SBI

Fresh long position is recommended only if SBI surges above Rs 3,214 levels with tight stop-loss.

Nifty Futures

Initiate fresh short position only if Nifty Futures declines below its key short-term support at 6005 levels, with tight stop-loss.



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TECH NEWS - AIRCEL WIP (WIRELESS INTERNET PHONE)

In a bid to garner substantial amount of subscribers in Wireless phone segment, Aircel the Pan India GSM Mobile service operator in the has launched one of its kind and innovative offering in the form of Wireless Internet Phone (WIP) at Rs3299 with attractive postpaid and prepaid plans.

Aircel’s WIP is a Phone cum Internet modem loaded with a Browser and one-touch GPRS/WAP (Pocket Internet access) is now available across all 22 telecom circles in India. This WIP device is small and easy to use with a large Screen of 3.5 inches TFT LCD screen.

The USP of this WIP is it has in-built On-device Internet Browsing wherein you can Browse Internet on device at EDGE speed without needing to connect P.C for Internet access. The call charges are also quite attractive wherein subscriber can make Local and STD calls at just 50p/min to any network across India.

Aircel WIP has been made by Huawei has inbuilt memory of 64 MB which is non-expandable and users cannot download files from the Internet to WIP phone. However one can download files by connecting WIP as aInternet modem with their PC/Laptop.

The offer details are tabulated below:

Prepaid Postpaid
Rental/Recharge FRC- Rs. 13 Rs. 149 per month Rs. 249 per month
Local/STD Call 50p/min 50p/min 50p/min
ISD Call As per the base plan
SMS Local-20p, National-50p , International-500p (Rs.5)
Promotional Offer
Pocket Internet 1 month free (upto 2 Gb) 1 month free (upto 2 Gb) 1 month free (upto 2 Gb)
FREE Calls 150 min (Local/National) x 12 months 250 min (Local/National) every month 400 min (Local/National) every month
SMS 300 (Local/National) x 12 months 300 (Local/National) every month 300 (Local/National) every month

source: telecomtalk.info

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DAY TRADING TIPS FOR TODAY 27.10.2010

DLF: Initiate fresh short position only if DLF declines below Rs 365 levels with tight stop.

ICICI Bank: Avoid trading in the stock as the near-term stance is watchful.

Infosys: We recommend a sell in the stock while maintaining rigid stop at Rs 3,039 levels.

L&T: Fresh long position can be initiated if the counter moves above Rs 2,054 levels with tight stop-loss.

ONGC: The near-term outlook is negative for the stock. We recommend a sell.

Reliance Capital: Contrary to our prior view, the stock surged in the last trading session. Initiate fresh long position only if the stock moves beyond Rs 867 levels with stiff stop-loss.

Reliance Communications: We reiterate our sell recommendation in the counter.

Reliance Industries: The stock is testing key resistance around Rs 1,100 levels. Fresh long position can be initiated only if the stock exceeds above Rs 1,110 levels with stiff stop-loss.

SBI: In the last trading session, the stock fell 1.8 per cent, experiencing selling interest. We recommend a sell with stop-loss at Rs 3,200 levels.

Nifty Futures: Fresh short position can be initiated if Nifty Futures slips below 6,070 levels with tight stop-loss.



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Recommended from The Hindu Business Line : Bharati Shipyard (Rs 265.3): Buy

We recommend a buy in the stock of Bharati Shipyard from short-term perspective. It is apparent from the charts of the stock that it had been on an intermediate-term downtrend from its January 2010 peak of Rs 352 until it found support around Rs 205 in late August. However, the stock resumed its uptrend after taking support in the range between Rs 200 and Rs 205. Since then, the stock has been on a medium-term uptrend. Moreover, we notice formation of inverse head and shoulders pattern, which is bullish reversal pattern, in the stock spanning over the past four months.

The daily volume also supports this pattern. On October 25, the stock conclusively broke out of the neckline at Rs 250 by emphatically gaining six per cent with good volume. It has also penetrated 200-day moving average poised around Rs 254, reinforcing the uptrend.

The daily relative strength index is featuring in the bullish zone and weekly RSI is on the brink of entering this zone. Daily moving average convergence divergence oscillator has signalled a buy and is hovering in the positive territory. Our short-term forecast on the stock is bullish. We expect the stock to rally further until it hits our price target of Rs 270 or Rs 280 in the approaching trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 258.



From: http://www.thehindubusinessline.com/2010/10/26/stories/2010102653091300.htm

Day Trading Guide for today 26.10.2010

DLF: Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 372 levels.

ICICI Bank: We re-affirm our buy recommendation with stop at Rs 1,130 levels.

Infosys: Utilise rallies to sell the stock with tight stop-loss at Rs 3,038 levels.

L&T: We recommend a buy in the stock with stop at Rs 2,020 levels.

ONGC: Fresh long position is recommended only if ONGC advances above Rs 1,362 levels with stiff stop-loss.

Reliance Capital: We reiterate our sell recommendation in Reliance Capital with rigid stop-loss at Rs 835 levels.

Reliance Communications: We recommend a sell in the counter with stiff stop-loss at Rs 180 levels.

Reliance Industries: Utilise dips to buy the stock while maintaining tight stop-loss at Rs 1,075 levels

SBI: Initiate fresh long position only if the stock climbs above Rs 3,256 levels with tight stop-loss.

Nifty Futures: As long as Nifty Futures trades above 6100 levels, the near-term stance stays positive for the session. We recommend a buy with stiff stop-loss at 6100.



From: http://www.thehindubusinessline.com/2010/10/26/stories/2010102653101300.htm

MEDIUM-TERM STOCK TIPS - Jyothy Laboratories – Buy

Investors with medium-term perspective can buy the stock of Jyothy Laboratories (Rs 316.8). Since October 2008 low of Rs 42, the stock has been on steady long-term uptrend, forming rising peaks and troughs. In May, the stock took support at Rs 160, which is a key long-term support level and resumed its uptrend. After breaching its 21- and 50-day moving average in early part of last week, the stock emphatically penetrated its short-term resistance around Rs 305. It gained 11.7 per cent last week and the volume was also strong. The daily relative strength index is featuring in the bullish zone and weekly RSI has re-entered this zone conclusively. Daily moving average convergence divergence oscillator has signalled a buy and is hovering in the positive territory and weekly MACD is also hovering in this territory implying upward momentum. Both daily and weekly price rate of change indicators are featuring in the positive territory.

We are bullish on Jyothy Laboratories from a medium-term perspective. We believe that it has the potential to trend northwards to our price target of Rs 365 in the approaching weeks. Investors with medium-term perspective can consider buying the stock with stop-loss at Rs 293. Short-term traders can buy the stock for a target of Rs 340 with stop-loss at Rs 305.

Follow up - Praj Industries (Rs 71.5)

The stock moved sideways with negative bias last week and ended near our recommended price level. We reiterate our medium-term bearish outlook on the stock with price target of Rs 60 and stop-loss at Rs 78 levels.

(This recommendation is based on technical analysis. There is a risk of loss in trading.)

From: http://www.thehindubusinessline.com/2010/10/25/stories/2010102551920400.htm

Day Trading Guide for today 25.10.2010

DLF

The near-term outlook is negative for DLF. We recommend a sell with tight stop-loss at Rs 367 levels.

ICICI Bank

As long as the stock trades above Rs 1,117, the near-term stance stays positive. We recommend a buy with tight stop-loss at Rs 1,117 levels.

Infosys

Fresh long position can be initiated if the stock surges above Rs 3,068 levels with stiff stop-loss.

L&T

Initiate fresh short position only if the counter drops below Rs 2,006 levels with fixed stop-loss.

ONGC

Utilise rallies to sell the stock while maintaining rigid stop-loss at Rs 1,356 levels.

Reliance Capital

We recommend a sell in the stock with tight stop-loss at Rs 832 levels.

Reliance Communications

The stock is experiencing sell interest at higher levels. Make use of rallies to sell the stock with stiff stop at Rs 180 levels.

Reliance Industries

We recommend a buy in the stock with stop-loss at Rs 1,064 levels.

SBI

Desist trading in the stock for the session as the near-term stance is watchful.

Nifty Futures

We recommend a buy in Nifty futures with stiff stop-loss at 6050 levels.



From: http://www.blonnet.com/2010/10/25/stories/2010102551930400.htm