Buy Now Sell Tommorow Calls - BNST for monday 10-12-07

DELIVERY :

RELIANCE : buy now @ 2815 levels for a tgt of 2860 levels

SAIL : buy @ 267.5 for a tgt of 275+

GMRINFRA : buy now@ 241.5 for a tgt of 251+

FUTURES :

INFOSYS : buy for a tgt of 1720+

ZEEL : buy for a tgt of 307+

OPTIONS :

RELIANCE : buy call 3000 below 48 for a tgt of 60+

INFOSYS : buy call 1680 below 55 for a tgt of 75+

Bulk deal: Dalmia Cement rules the chart on NSE

On Thursday, Dalmia Bela sold 402,015 shares at Rs 565 a share and Dalmia Kavita sold 244,755 shares at Rs 565 a share and Keshav Power bought 1,088,500 shares at Rs 565 a share of Dalmia Cement (Bharat) on the National Stock Exchange (NSE).

Barclays Capital Mauritius sold 1,251,889 shares at Rs 85.23 a share of Electrosteel Castings.

Micro Management sold 2,600,000 shares at Rs 31.85 a share of Himachal Futuristic Communications.

SG Asset Mgmt Singapore sold 479,559 shares at Rs 91.39 a share and Vinamra Universal Traders bought 300,000 shares at Rs 95.45 a share of KEI Industries.

Union Investment Luxembourg bought 573,033 shares at Rs 121.23 a share of Mukand.

Citigroup Global Markets Mauritius bought 243,000 shares at Rs 303 a share of Subex Azure.

Societe Generale sold 198,018 shares at Rs 824.78 a share of UTV Software Communications.

Merrill Lynch Capital Markets sold 200,000 shares at Rs 70.95 a share of Sakthi Sugars.

Morgan Stanley Dean Witter Mauritius sold 90000 shares at Rs 272 a share and Reliance Capital Trustee bought 90000 shares at Rs 272 a share of Heritage Foods (India).

Sanjay Rameshchandra Talati bought 100,000 shares at Rs 214.84 a share and Snehlata Nuwal sold 130,226 shares at Rs 213.58 a share of Gemini Communication.

HOT STOCKS for 07-12-07

STATISTICS :

Markets will be rangebound, Nifty will trade from 5920 levels to 6040 levels, Nifty has a strong resistance at 6004, and support @ 5912, Nifty above 6004 can touch new highs can move to 6062 levels, Nifty has a support @ 5912 below this level can see nifty going to 5860 levels.

INTRADAY :

UTV : buy for a tgt of 900+, sl @ 862

BHARTI : buy for a tgt of 955+ , sl @ 935

FUTURES :

IDEA : buy for a tgt of 143+, sl @ 134

TATA STEEL : sell @ above 856 , buy below 838 , sl @ 864

ZEEL : buy for a tgt of 308+ , sl @ 296.5

UNITECH : buy for a tgt of 443+, sl @ 425

BHARTI : buy for a tgt of 958+, sl @ 936

SAIL : sell @ above 283 , buy below 276.5 , sl @ 288

OPTIONS :

CIPLA : buy put 190 below 4.20 for a tgt of 7.5+, sl @ 3.5

HINDALCO : buy call 200 for a tgt of 12.5+ , sl @ 6

RIL : buy 3000 call for a tgt of 75+ , sl @ 58

INFOSYS : buy call 1620 for a tgt of 80+ , sl @ 48

Equities close lower on profit booking

Equities pared gains and closed moderately higher after a strong open on Thursday on account of profit booking. Sector-wise consumer durables dragged while realty stocks out-performed the benchmarks.

Bombay Stock Exchange’s benchmark closed at provisional 19,816.15, up 78.08 points or 0.40 per cent. National Stock Exchange’s Nifty closed at 5,960.65, up 20 points or 0.35 per cent.

Sensex opened above the psychological mark 20,000 and Nifty crossed 6,000 soon after the market opened but drifted lower as the day progressed.

Biggest Sensex contributors were Cipla (4.2%), Reliance Energy (3.36%), ICICI Bank (3.3%), Bharti Airtel (2.58%), HDFC (2.51%) and DLF (2.34%)

Hindalco Industries (down 3.14%), Grasim Industries (2.56%), Tata Steel (2.29%), Bajaj Auto (2.14%) and ONGC (1.6%) were the losers.

BSE Smallcap Index closed 0.85 per cent or 80 points higher at 11,367 and BSE Midcap Index ended at 9,047, down 5.68 points or 0.06 per cent.

BSE Realty Index closed 4 per cent higher while the outperforming BSE Consumer Durable Index fell 2.95 per cent.

Market breadth on BSE showed 1,808 advances and 1,038 declines.

Infosys stock doesn't make you a millionaire anymore

NEW DELHI: Once considered the hot stock of the Dalal Street, technology stocks now seem to be losing their charm. In the last 12 months, while the BSE Sensex zoomed 39.8%, all top IT stocks be it Infosys, TCS, Wipro or Patni declined by double-digit percentages. Call it the rising rupee, impending taxes or analyst outlook, the IT sector has to work wonders to bring back its magic touch. Infosys Technologies, the bellwether of Indian IT stocks, which has many a times swung the declining Sensex to higher levels by it’s scrip alone, has been trading at a decline from its highs since past one year. The price of the stock has waned by a whopping 26.8% on the BSE. The stock was trading at Rs 2,193.75 on December 1, 2006. It has slid to Rs 1,604.05 as on December 1, 2007. As of end September 30, 2007, the Infosys’ market capitalisation stood at Rs 108,116 crore. It dipped to about Rs 89,000 crore in last week of November before bouncing back to Rs 1,22,115 crore on December 4, 2007. Infosys declined to comment on stock movement but said it has managed to maintain its margins. India’s largest IT company, TCS, which has revenues of over $4.3 billion and over 1,00,000 employees is also seeing a decline on the BSE. TCS scrip has declined 14.56% on the BSE to Rs 1,013.95 from Rs 1,186.80. TCS’ market capitalisation has declined by a whopping Rs 13,098 crore from December 1, 2006, till Tuesday. All top four IT companies-TCS , Satyam , Infosys and Wipro-are included in the Sensex which comprises 30 largest and most traded stocks on the BSE. But the Sensex, in contrast , has been on a stellar show since last year. The Sensex has zoomed from 13,844 level since December 1, 2006, to 19,363.19 as on December 1, 2007, a gain of 39.8%. The Wipro stock has declined 23.4% eroding almost Rs 140 from its stock price as on December 1, 2007. Wipro has shed Rs 14,415 crore in market capitalisation since last year. Satyam is the only stock which shows a single-digit decline at 5.76%. But the Hyderabad-based company has also lost Rs 662 crore in a market capitalisation since December 1, 2006. As compared, Patni Computer Systems fell by 19.27%. Patni stock was buoyed in the medium term after talks of a stake sale to a private equity firm but the stock fell as the reported stake sale was called off.