October 2013

Tuesday, October 29 2013

MARUTI ....

MARUTI ...... hv gone thru published results ..... headlines ar grossly misleading as YOY figs are compared .... compare QoQ and you dont find much fizz .....

it is clear that stock wl not make 55 eps in second half as it did last year .... i feel it wl do about 48 to 50 at best .... which means FY 14 annual EPS of around 85 ...... max ......

assuming forex rates still remain supportive ..... and sale of vehicles in second half wl be 2/3 % higher than last half year ........

keep in mind that economy is under bigger stress than last year - you can see it around ....

so .... keeping all above in mind .... i wl say 1600 may be absolute top for next 2 qtrs and the stock can in fact slip to 1350/1400 level when overall market corrects by 5 to 7 % ....

position yrself accordingly ....

MARUTI .... CLSA report ...

many r asking me what about CLSA report .... just read the following ....

maruti shelved gujrath project around 10th september .... the results r out for july / sept qtr ..... managemnt wud hv definitely known how the qtr is going ......

if they were so gung-ho about future .... like how CLSA is .... WHY WILL THEY SHELVE THE PROJECT ?

ask this to CLSA if you can .....

the fact is that CLSA has to just print a report .... including cost of intelectual property .... it is not going to cost them more than 10,000 dollars ..... WHILE MARUTI HAS TO COMMIT 5000 ODD CRORES ..... ... ABOUT A BILLION DOLLARS ...

i hope .... the point is loud and clear to you ..........

Tuesday, October 29 2013

BANK NIFTY ..... yesterdays reco ....... just now .... if u exit ...... u r making yr 50 % gain over 140 odd investment made yesterday ...... whether to book or hang on for 10 % more is yr choice .....

cheersssssssssssssssss ......

Tuesday, October 29 2013

look at MARUTI 1500 november put around 22/24 .......

Tuesday, October 29 2013

NIFTY SPOT INTRA

go short / long - 6110 / 6130

stop loss – opposite

long targets – 6150/70/90

short targets – 6090/70/50/30

Tuesday, October 29 2013

INTRADAY		DATE	29th october 2013
stocks / indices	go	entry	Target	Stoploss
PREFER TO TRADE IN THE DIRECTION OF NIFTY . . .
BANK NIFTY SPOT	short	10775	10645/515/385	10905
BANK NIFTY SPOT	long	10905	11035/165	10775
RELIANCE	short	890	884/78/72/66/60	896
RELIANCE	long	896	902/08/14	890
ICICI BANK	short	1019	1013/07/01/995/89/83	1025
ICICI BANK	long	1025	1031/37/43/49	1019
SBI	short	1673	1661/49/37/25/13/01	1685
SBI	long	1685	1697/1709/21/33	1673
LT	short	964	956/48/40/32	972
LT	long	972	980/88/96	964
TATA MOTORS	short	379.00	376/73/70/67	382
TATA MOTORS	long	382	385/88	379
maruti	short	1524	1512/1500/1488/76	1530
maruti	long	1536	1548/60/72	1530
tata steel	short	312	309/06/03/300	315
tata steel	long	315	318/21/24	312
TITAN	short	249	247.5/46/44.5/43/41.5/40	250.5
TITAN	long	252	253.5/55/56.5/58	250.5
ITC	short	328.5	325.5/222.5/19.5	331.5
ITC	long	331.5	334.5/37.5/40.5	328.5
lupin	short	877	871/65/59/53/47	883
lupin	long	883	889/95	877

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