The Vulture Play
These stocks have fallen like there’s no bottom. But the levels at which they are trading offer huge opportunities.

Strategy: Buy on rumours and sell on news.

Suzlon: Debt is high and so are the receivables. But Tulsi Tanti is willing to dilute his stake and meet commitments. If US President Barack Obama backs energy generation from green sources, Suzlon’s 5 MW wind turbines will be hot. The stock has gained nearly 300 percent since the time it fell to Rs. 35.

Ranbaxy: The last 12 months have been bad. Sales are down, research hasn’t paid off and US FDA is after it for manufacturing lapses. But the new Japanese owner Daiichi Sankyo has had great successes in research and working with the FDA. Expect them to put Ranbaxy back on an even keel.

NIIT: As IT crashed so did the IT trainer. Its stock fell 85 percent to Rs. 14. But it is moving beyond IT and is training professionals for banking jobs. The amount spent on education doubled in the last five years and NIIT grew twice as fast, quadrupling its top line. The stock has recovered to half its 52-week high.

Wockhardt: Its core business is in fine fettle. Its problems are foreign loan repayments and derivative losses. Banks are taking over the company operations and Habil Khorakiwala has put some businesses on the block to pay off debtors. Wockhardt’s strong cash flow should return it to good health in two years.

Hindalco: The acquisition of Novelis tripled Hindalco’s sales but caused an 11 percent decline in net profits. But aluminum prices are rising and credit is beginning to flow. Hindalco’s nine-month profits look nice. It now has the space to fix Novelis. Tricky but not impossible.

Risk: This one’s clearly a high risk strategy. There could be serious heart ache before the gains come.

Source : Forbes India.

US markets ended lower.
Europe ended lower.
Asia has opened lower but now trading in green.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 14200 and the resistance to the up move is at 14809-14800
Nifty: (4291) the support for the Nifty is at 4210-3820 and the resistance to the up move is at 4380

Day Trading Ideas :

RPower : Buy above 169 for targets of 172 and 173.50. Keep a SL of 166

Suzlon Energy : Buy above 104 for targets of 105.25 and 106.10. Keep a SL of 103.10

HDIL : Buy above 235 for targets of 238 and 241. Keep a SL of 231

Happy Investing !

State of Markets abroad :
US markets ended mixed.
Europe ended higher.
Asia has opened mixed.
Expect Indian Markets to open flat to positive.

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894
Nifty: (4314) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Day Trading Tips :

IFCI : Buy above 50.25 for targets of 51.20 and 52.35. Keep a SL of 49.50

Suzlon : Buy above 112 for targets of 113.50 and 115.20. Keep a SL of 110.50

NTPC : Buy above 199.50 for targets of 203 and 205. Keep a Sl of 197

Happy Investing !

US markets ended higher.
Europe also ended in green.
Asia is trading positive.
Expect the Indian markets to open positive.

NIFTY magic levels
Current Spot – 3593.45
Support – 3540 and 3505
Resistance – 3631 and 3687

Day Trading Ideas -

RNRL
Buy above 59 for targets of 60.25 and 61.90
Sell below 55 for targets of 53.50 and 52.10

UCO Bank
Buy above 33.10 for targets of 34.25 and 35.50
Sell below 31.10 for targets of 30.45 and 29.50

IRB Infra
Buy above 112.45 for targets of 114 and 115.90
Sell below 106 for targets of 104.85 and 103.10

Suzlon
Buy above 77 for targets of 78.10 and 79.45
Sell below 74 for targets of 72.10 and 71.05

Happy Investing !

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US markets ended mixed.
Europe ended flat.
Asia is trading mixed.
Expect the Indian markets to have a flat to positive opening.

NIFTY magic levels
Current Spot – 3681.1
Support – 3646.20 and 3610
Resistance – 3704 and 3734

Day trading ideas –

Suzlon
Buy above 81.50 for targets of 83.10 and 84.25
Sell below 76.50 for targets of 75.40 and 74.65

GMR Infra
Buy above 117 for targets of 118 and 119
Sell below 111 for targets of 109 and 108

SBI
Buy above 1306 for targets of 1311 and 1318
Sell below 1280 for targets of 1272 and 1265

RPL
Buy above 122.10 for targets of 123.40 and 124
Sell below 118 for targets of 116 and 114.50

Happy Investing!

Guys please comment on this issue!

US markets ended flat.
Europe ended in deep red.
Asia has opened mixed.
Expect Indian Markets to open flat to positive.
The support for the Sensex is 10739-10506 and the resistance to the up move is at 11200
Nifty: (3362) the support for the Nifty is at 3302-3238 and the resistance to the up move is at 3440
Due to Rollover today we may witness high volatility.

Day Trading Ideas

SBI
Buy above 1260 for targets of 1275 and 1295
Sell below 1235 for targets of 1225 and 1215

Unitech
Buy above 43.50 for targets of 44.25 and 45.60
Sell below 41.10 for targets of 40.50 and 40.10

RNRL
Buy above 56.10 for targets of 57.25 and 58.10
Sell below 53.10 for targets of 52.40 and 51.90

Suzlon
Buy above 62.25 for targets of 63.50 and 64.25
Sell below 60.25 for targets of 59.10 and 58.50

Happy Investing !

US markets ended higher.
Asian markets are also trading higher.
Expect Indian Markets to open positive.
Volatility expected in todays trade.

The support for the Sensex is 9332 and the resistance to the up move is at 9900

Nifty: (3021) the support for the Nifty is at 2900 and the resistance to the up move is at 3050

Day Trading Ideas -

Suzlon Energy
Buy above 43.90 for targets of 44.85 and 45.55
Sell below 40.25 for targets of 39.50 and 38.45

Praj Industry
Buy above 59.25 for targets of 60.80 and 61.75
Sell below 55.25 for targets of 54.20 and 53.85

Other stocks worth todays trade – IFCI , ICICI, RPL, RNRL, Reliance Energy.