A technical AND fundamental bet which i like in the FMCG space - Bajaj Corp --- Can
see momentum on closing above 270. Good long term bet as well. only buy on close above 270 with 250 sl on closing basis tgt above 300 will update later
Tuesday, 10 September 2013
ONGC 
Friday, 6 September 2013
PRIVATE BANKS YESTERDAYS BIG WINNERS
Yesterday, the Bank Nifty went up by nearly 10%.Banks-both PSU and
Private- were big winners with all bank stocks closing in the green.
Some private banks showed outstanding gains as can be seen from the table below:
Some private banks showed outstanding gains as can be seen from the table below:
| Symbol | Close on 4 Sept,2013 | Close on 5 Sept,2013 | Gain |
| LAKSHVILAS | 62 | 63.7 | 2.74% |
| KARURVYSYA | 300.45 | 310.05 | 3.20% |
| SOUTHBANK | 19.25 | 20.15 | 4.68% |
| DHANBANK | 30.05 | 31.5 | 4.83% |
| J&KBANK | 1051.2 | 1121.75 | 6.71% |
| DCB | 41.2 | 44.15 | 7.16% |
| KTKBANK | 79.75 | 85.75 | 7.52% |
| CUB | 38 | 40.9 | 7.63% |
| HDFCBANK | 564.05 | 609.5 | 8.06% |
| INDUSINDBK | 366.9 | 397.5 | 8.34% |
| KOTAKBANK | 608.5 | 662 | 8.79% |
| ICICIBANK | 817.75 | 893.7 | 9.29% |
| INGVYSYABK | 428.05 | 473.6 | 10.64% |
| FEDERALBNK | 244.15 | 274.55 | 12.45% |
| AXISBANK | 801.5 | 927.5 | 15.72% |
| YESBANK | 236.05 | 287.5 | 21.80% |
Thursday, 5 September 2013
INGVAYSA BANK AND LT FINANCE LONG TERM MULTIBAGGER STOCKS
2 Multibagger Stocks : ING VYSYA BANK and L&T FINANCE
ING VYSYA BANK
Reco to paid clients @ 420-25 avg
TRADING AT 470 NOW
L&T Finance : Reco to paid clients @ 55-53
TRADING AT 60 TODAY
HDFC Bank – SELL ON RALLY
HDFC BANK TECHNICAL VIEW
-> Technically the stock had a lot of support around 610 levels which has actually become a resistance now.
-> Also the stock has been the most resilient in the banking segment. But with the breakdown seems it can either go back to 550 or lower or get sideways.
-> A rise to 605/625 can be a short with a closing stoploss of 630 and downside target of 550.
Quick Thoughts :
Even investors can have a relook into their HDFC Bank core holding as this remains the most expensive on all ratios and technically showing we might have made an important top around 700-730.
The assumption has been it will continue to grow 30% year on year. Will it continue to deserve similar multiples, price to book of 4-5 or is it better to shift into a bank which is available at a much better value. When many other banks have collapsed 50% from peak and if one needs to have some banking exposure in the portfolio should it be HDFC or some other ones.
Technically none of the other banks look in a good shape but further corrections of 20% can make some of them interesting.
MARKET SALUTES RAGHURAM RAJAN WITH 150 POINT STELLAR RALLY
Todays gap up of 150 point on Raghuram Rajan speech is a good thing
for everyone. The bulls get their profit booking zones and shorts can be
back with a risk-reward in favor.
Technically the trend has changed to down post the trendline breakdown. A retest of same is always warranted and generally is a good time to increase cash or go short.
This is the quick technical chart.
Technically the trend has changed to down post the trendline breakdown. A retest of same is always warranted and generally is a good time to increase cash or go short.
This is the quick technical chart.
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