Market Technicals for the week ending 18th January - by Vikash Agarwal

Indian Markets Technicals

Nifty has become a bit weak whereas Sensex has become a bit strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6223 & 20824 . There are chances that Nifty may move 221 - 222 points down & Sensex may move 765 - 766 points up. There are chances of a weekly movement of around 485 points & 1535 points in Nifty & Sensex respectively.

If the markets sustain above 6333 & 21210 levels, then they will try to touch 6467 & 21592 levels.

On the other hand, market has a weak support at 6089 & 20441 because the markets may further fall down to 5978 & 20055 levels from this point due to panic selling & profit booking which can act as a strong support.

Intraday Market Technicals for 14th January

Nifty has become a bit weak whereas Sensex has become a bit strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6178 & 20742 . There are chances that Nifty & Sensex may open 21 - 22 points down & 84 - 85 points down. There are chances of an intraday movement of around 220 points & 775 points in Nifty & Sensex respectively.

If the markets sustain above 6245 & 20979 levels, then they will try to touch 6290 & 21131 levels.

On the other hand, market has a weak support at 6133 & 20590 because the markets may further fall down to 6067 & 20353 levels from this point due to panic selling & profit booking which can act as a strong support.

Derivatives Calls

Futures

Buy Nifty Jan.' 08 Futures at current levels with a target of 6291.10 & with a stoploss/ average below 6159.85.

Buy Uniphos Jan.' 08 Futures at current levels with a target of 446.90 & with a stoploss/ average below 375.35.

Options

Buy Essar Oil 340 CA Jan.' 08 at current levels with a target of 16.90 & with a strict stoploss below 1.30.

Buy Bajaj Hind 300 PA Jan.' 08 at current levels with a target of 14.30 & with a strict stoploss below 2.60.

Long Term Delivery Calls

We strongly recommend a buy on M&M at current levels with a target of 1268.90.

We strongly recommend a buy on MRPL at current levels with a target of 221.50.

Medium Term Delivery Calls

Buy Compact Disc at current levels with a medium-term target of 216.60 .

Short Term Delivery Calls

Buy Prime Securities at current levels with a short-term target of 296.55 & with a stoploss/ average below 258.15.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.

Regards
Vikash Agarwal

Rajat K Bose
Buy ICICI Bank with a stop loss below Rs 1410 for targets of Rs 1462 and Rs 1480. This is a day trading recommendation
Buy Reliance Industries with a stop loss below Rs 3093 for a target of Rs 3180. This is a day trading recommendation

Mathew Easow
Buy Ruchi Soya Industries only on declines with a stop loss of Rs 131 for a short-term target of Rs 164.



VK Sharma
Buy Hindustan Oil around Rs 142.60. Stop Loss of Rs 136. This is a day trading recommendation


Ashwani Gujral
Buy GT Offshore with a stop loss of Rs 950 for targets of Rs 1130 and Rs 1310
Buy Century Textiles with a stop loss of Rs 1100 for target of Rs 1350

Market Technicals for the week ending 11th January by Vikash Agarwal

Markets Technicals

Both Nifty & Sensex have become strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6211 & 20509 . There are chances that Nifty may move 176 - 177 points up & Sensex may move 507 - 508 points up. There are chances of a weekly movement of around 475 points & 1370 points in Nifty & Sensex respectively.

If the markets sustain above 6362 & 20940 levels, then they will try to touch 6450 & 21194 levels.

On the other hand, market has a weak support at 6123 & 20255 because the markets may further fall down to 5972 & 19823 levels from this point due to panic selling & profit booking which can act as a strong support.

Intraday Market Technicals for 11th January

Both Nifty & Sensex has become very weak at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6215 & 20772 . There are chances that Nifty & Sensex may open 58 - 59 points up & 190 - 191 points up. There are chances of an intraday movement of around 405 points & 1350 points in Nifty & Sensex respectively.

If the markets sustain above 6288 & 21015 levels, then they will try to touch 6419 & 21449 levels.

On the other hand, market has a weak support at 6084 & 20339 because the markets may further fall down to 6011 & 20096 levels from this point due to panic selling & profit booking which can act as a strong support.

Derivatives Calls

Futures

Buy Nifty Jan.' 08 Futures above 6207.80 with a target of 6388.30 & with a stoploss/ average below 6117.55.

Buy Bank Of India Jan.' 08 Futures at current levels with a target of 434.65 & with a stoploss/ average below 378.25.

Options

Buy IFCI 95 CA Jan.' 08 at current levels with a target of 4.85 & with a strict stoploss below 0.35.

Buy RNRL 240 CA Jan.' 08 at current levels with a target of 8.55 & with a strict stoploss below 4.45.

Long Term Delivery Calls

We strongly recommend a buy on Lanco Infratech at current levels with a target of 1363.00.

We strongly recommend a buy on Maharashtra Seamless at current levels with a target of 806.00.

Medium Term Delivery Calls

Buy Dolat Investments at current levels with a medium-term target of 170.55 .

Short Term Delivery Calls

Buy Gruh Finance at current levels with a short-term target of 208.90 & with a stoploss/ average below 192.20.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.

Vikash Agarwal

Market Technicals for the week ending 11th January by Vikash Agarwal

Indian Markets Technicals

Both Nifty & Sensex have become strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6211 & 20509 . There are chances that Nifty may move 176 - 177 points up & Sensex may move 507 - 508 points up. There are chances of a weekly movement of around 475 points & 1370 points in Nifty & Sensex respectively.

If the markets sustain above 6362 & 20940 levels, then they will try to touch 6450 & 21194 levels.

On the other hand, market has a weak support at 6123 & 20255 because the markets may further fall down to 5972 & 19823 levels from this point due to panic selling & profit booking which can act as a strong support.

Intraday Market Technicals for 10th January

Both Nifty & Sensex has become a bit weak at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6280 & 20894 . There are chances that Nifty & Sensex may open 8 - 9 points up & 25 - 26 points up. There are chances of an intraday movement of around 210 points & 820 points in Nifty & Sensex respectively.

If the markets sustain above 6329 & 21088 levels, then they will try to touch 6387 & 21306 levels.

On the other hand, market has a weak support at 6222 & 20676 because the markets may further fall down to 6173 & 20483 levels from this point due to panic selling & profit booking which can act as a strong support.

Derivatives Calls

Futures

Buy Nifty Jan.' 08 Futures above 6275.50 with a target of 6385.40 & with a stoploss/ average below 6220.55.

Buy Axis Bank Jan.' 08 Futures at current levels with a target of 1182.40 & with a stoploss/ average below 1054.40.

Options

Buy Bajaj Hind 300 PA Jan.' 08 at current levels with a target of 5.35 & with a strict stoploss below 0.15.

Buy RNRL 260 CA Jan.' 08 at current levels with a target of 9.25 & with a strict stoploss below 3.10.

Long Term Delivery Calls

We strongly recommend a buy on Lanco Infratech at current levels with a target of 1363.00.

We strongly recommend a buy on Maharashtra Seamless at current levels with a target of 806.00.

Medium Term Delivery Calls

Buy South India Bank at current levels with a medium-term target of 405.75 .

Short Term Delivery Calls

Buy Solar Explosives at current levels with a short-term target of 574.75 & with a stoploss/ average below 469.00.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.

Note: Note to contact Mr. Agarwal you may leave your comment.

Rajat K Bose
Buy Bank of India with a stop loss below Rs 393 for targets of Rs 409 and Rs 416


Ashwani Gujral
Buy Reliance Capital with a stop loss of Rs 2780 for a target of Rs 3000
Buy RSWM with a stop loss of Rs 206 for a target of Rs 350

X Telecom & Energy - a Multibagger by E Mathew, matheweasow.com

XL Telecom & Energy has transformed itself from a low margin Telecom company by diversifying substantially into the high margin business of Solar Photo Voltaic Modules (SPV). It has a order book of around 2.2 billion in Solar Photo Voltaic divisions and has secured orders for the supply of Fuel Ethanol from the oil companies.

XL Telecom & Energy:

By Mathew Easow

Buy XL Telecom & Energy at Current Market Price of Rs 450.30 for a 18 month target of Rs 1800.

This company has transformed itself from a low margin Telecom company by diversifying substantially into the high margin business of Solar Photo Voltaic Modules (SPV). It has a order book of around 2.2 billion in Solar Photo Voltaic divisions and has secured orders for the supply of Fuel Ethanol from the oil companies. For the period 2007-2008 barring unforseen circumstances the company should post a PAT of approximately Rs 45 crores on an equity of Rs 14.5 crores. For 2008-2009 barring unforseen circumstances the company should close with a turnover of Rs 1292 crores and PAT of Rs 155 crores. By then the equity would be Rs 26 crores. Thus the expected EPS would be Rs 60 approximately. It is expected for 2009-2010 that turnover would be approximately Rs 1645 crores yielding a PAT of Rs 222 crores which will result an EPS of 85.

This Share therefore has the potential to touch Rs 1800 within the next 18 months.

Technical View: Stock has very strong support around 400 region and minor resistance at 504.

Disclaimer: -

At the time of writing this article, I, my family members and my group companies do not have any position in XL Telecom & Energy Limited. This stock has been recommended to our clients and they may be holding long positions in this stock.

Mathew Easow and matheweasow.com gives an unbiased and competent picture of trading & investment opportunities and it does that to the best of its abilities. The information contained herein is not a complete analysis of every material fact representing the company, industry or security. The views expressed may change. However, prices can move up as well as down due to a number of factors, all of which are impossible for anyone to foresee. THEREFORE, Mathew Easow and matheweasow.com cannot accept any responsibility (or liability) for the accuracy of the above contents and also any investment decision or trading decision taken by readers and clients on the basis of information contained herein.

Indian Markets Technicals

Both Nifty & Sensex have become strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6211 & 20509 . There are chances that Nifty may move 176 - 177 points up & Sensex may move 507 - 508 points up. There are chances of a weekly movement of around 475 points & 1370 points in Nifty & Sensex respectively.

If the markets sustain above 6362 & 20940 levels, then they will try to touch 6450 & 21194 levels.

On the other hand, market has a weak support at 6123 & 20255 because the markets may further fall down to 5972 & 19823 levels from this point due to panic selling & profit booking which can act as a strong support.

Intraday Market Technicals for 09th January

Both Nifty & Sensex has become a bit strong at these levels. The trend for fresh buying positions will continue if the markets trade beyond 6288 & 20882 . There are chances that Nifty & Sensex may open 1 - 2 points up & 9 - 10 points up. There are chances of an intraday movement of around 270 points & 760 points in Nifty & Sensex respectively.

If the markets sustain above 6356 & 21068 levels, then they will try to touch 6424 & 21263 levels.

On the other hand, market has a weak support at 6220 & 20687 because the markets may further fall down to 6153 & 20501 levels from this point due to panic selling & profit booking which can act as a strong support.

Derivatives Calls

Futures

Buy Nifty Jan.' 08 Futures at current levels with a target of 6390.60 & with a stoploss/ average below 6213.90.

Buy Renuka Sugars Jan.' 08 Futures at current levels with a target of 1210.80 & with a stoploss/ average below 1063.65.

Options

Buy Essar Oil 340 CA Jan.' 08 at current levels with a target of 36.80 & with a strict stoploss below 12.35.

Buy IFCI 90 CA Jan.' 08 at current levels with a target of 10.90 & with a strict stoploss below 2.80.

Long Term Delivery Calls

We strongly recommend a buy on Kesoram Inds. at current levels with a target of 992.00.

We strongly recommend a buy on Kirloskar Brothers at current levels with a target of 706.00.

Medium Term Delivery Calls

Buy Centurion Bank at current levels with a medium-term target of 91.25 & with a stoploss/ average below 62.75 .

Short Term Delivery Calls

Buy Rajesh Exports at current levels with a short-term target of 922.95 & with a stoploss/ average below 865.90.

It will be my pleasure to build a strong relationship with you.

I look forward for your response & suggestions regarding my research.

By
Vikash Agarwal