SHORT TERM STOCK – BUY SREI Infrastructure Finance

by Bhaveek Patel

BUY SREI INFRASTRUCTURE FINANCE ABOVE 120, FOR TARGET 136 / 144. WITH STOP LOSS AROUND 115. AS THE COMPANY HAS POSTED GOOD RESULT AND TECHNICALLY THE STOCK ENTERS A BULLISH RALLY ABOVE 120 SO IT CAN BE A GOOD SHORT TERM BUY.

EUR/USD INTRADAY TRADING FOR 22-OCT-2010

by Bhaveek Patel

EUR/USD is likely to be bearish, hourly chart clearly confirms the bearish pattern formed here. The pair again failed to break 1.4010 levels, so we see bears strong at current levels. Our view: SHORT POSITION BELOW 1.3901 FOR TARGET 1.3860 . STOP LOSS MUST BE PLACED AT 1.3929 OR GO LONG IF PAIR APPROCHES THE STOPLOSS FOR TARGET 1.3985

BUY NIFTY FOR TARGET 6300 LEVELS THIS MONTH

by Bhaveek Patel

A significant rally of 600 points was seen in Nifty last month which was overruled by profit booking in last 6 trading session. We have been bullish since 5600 levels, also a strong support in nifty is formed around 5911 i.e 50 days EMA. A jump is expected on these broader indices; as we look at the daily charts, Nifty has already formed a strong support around 6000 levels. Our Preference for This week: BUY […]

Power Grid Q2 Results Declared, Profit Surged 41.52%

by Bhaveek Patel

Power Grid Corporation Ltd. has announced its second quarter result (ending September 2010). It has reported net profit of Rs.651 crore against Rs.460 crore last quarter, a strong growth of 41.52% was seen on yearly basis (Year on year). Its total revenue boosted 25.04% to Rs.2,127 crore from Rs.1,701 crore (YoY). Also its average yearly earnings per share (EPS) was found to be Rs.5.22 per share, as compared to June 2010. Power Grid’s price-to-earnings (P/E) […]

23 New Scrips to be Added in NSE F&O

by Bhaveek Patel

The National Stock Exchange (NSE) is going to introduce 23 new scrips in F&O segment from October 29, 2010(Friday). 23 new scrips are 3i Infotech, Alok Industries, Bajaj Holdings, Bata, Bombay Dyeing, Central Bank, DCB, Escorts, Havells, HOEC, IGL, IndusInd Bank, IRB Infra, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, S Kumars, SREI Infra, Sterlite Tech, Tata Motors DVR and TVS Motor. Most of these scrips were excluded from F&O series in mid […]

L&T NET PROFIT JUMPED 31%, ON STRONG EARNINGS

by Bhaveek Patel

India’s largest publicly held company, L&T has declared its Q2 (second quarter) results today. The company seen strong growth with Q2 net profit jumping 31% at Rs.765 crore vs Rs.580 crore. Also, its net sales were at Rs 9,261 crore versus Rs 7,918.8 crore last quarter. Its income from other sources (Satyam stake sale) was also up at Rs 382 crore versus Rs 212 crore earlier. Company’s operating margins stood at 10.8% versus 10.6% again […]