Hot Stocks To Watch Today 23 November

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Union Bank Of India :-

Stock had a fantastic rally from Rs 150 to Rs 230 and then went through a brief decline. That decline is over now. It is now resuming its uptrend. This uptrend should take it to new highs. It’s a good stock.

Stock: Bharti Airtel

Rating: Buy, Target: Rs 425

Rationale: The stock looks well positioned to gain from the inflection in pricing and regulatory landscape in the Indian telecom space. The realisations per minute are likely to improve significantly due to a reduction in free promotional minutes and headline tariff increases.

Stock: Reliance Industries

Rating: Outperform, Target: Rs 850

Rationale: Singapore GRM benchmarks have fallen up to USD 2.5 per barrel QoQ and this has impacted the stock. However, their Reliance GRM tracker is up over USD 1 per barrel QoQ on the back of improvement in spreads of Naphtha and LPG as well as lower input costs due to rise in light heavy crude spreads and severe decline in fuel oil spread. They say this should allow reliance to outperform benchmark GRMs in Q3.

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CAG REPORT : Reliance Power Plunged, Nifty on 21 August

Indian share market sank after the CAG Report. Comptroller and Auditor General (CAG) gave its report on coal scam. In a report, tabled in Parliament, CAG said 25 firms including Essar Power, Hindalco, Tata Steel, Tata Power and Jindal Steel and Power were benefited to the tune of Rs 1.86 lakh crore from coal blocks allocated to them on nomination basis, instead of competitive bidding. 

The explosive Comptroller and Auditor General (CAG) report on the alleged malpractices in the allocation of coal blocks was on Friday tabled in the Parliament. The report has pegged the loss caused due to irregularities in coal block allocations atRs. 1.86 lakh crore. The initial CAG draft report had estimated the loss at Rs. 10.7 lakh crore.

The major beneficiaries included Tata Group entities, Jindal Steel & Power, Anil Agarwal Group companies, Essar Group's power ventures, Adani Group, Arcelor Mittal and Lanco group. Reliance Power plunged 5.6% and Reliance Infrastructure was down 3% after the CAG said the Anil Ambani-led firm got undue benefit of Rs 29,033 crore when the government allowed use of surplus coal from blocks alloted to Sasan power plant for its other projects. 

Reports stated that the company is developing a 4000 MW project at Sasan in Madhya Pradesh and was allotted captive blocks to fuel this project. The stock is currently trading at Rs87, down Rs5. The stock has hit a high of Rs 94 and a low of Rs 86.

INDIAN SHARE MARKET TREND ON TUESDAY 21 AUG

Indian share market is expected to open lackluster after a long 3 days weekend followed by EID on Monday 20th August. CAG Report will show its effect on next week too. Shares which are efffected by this scam will trade down. Traders and investors are advised not to take any positions in these stocks. Keep a close eye on Reliance shares as this is the stocks which will show volatility on the index.

WHICH STOCKS TO BUY ON TUESDAY 21 Aug CLICK HERE

Share Market Updates : Stock News 3 July

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State Bank of India: SBI aims to raise at least $500 million through a five-year overseas bond sale as soon as this month, two sources with direct knowledge said.

Hero MotoCorp: The June 2012 sales data was lower than street estimate. June sales stood at 5,34,000 vehicles, rising 4 per cent over last year. However, it was a 4 per cent fall over May 2012.

Reliance Power: There is a buzz on the street that Ming Yang, a Chinese energy company could buy a stake in Reliance Capital-owned Global Wind Power. Reliance Power also has decided to co-develop clean energy projects in India.

Reliance Industries: Nikko Resources, a partner of RIL in energy exploration blocks has cut estimates of gas output and discoveries in the Krishna-Godavari basin Jindal Steel & Power (JSPL) under scanner for buying ore below market rates

GlaxoSmithKline Inc to pay USD 3 billion settlement in diabetes drug Avandia case 

GMR to swap its minority stake in the Indonesian firm with 29.2% stake in United Fiber (GMR holds 30% stake in Indonesia firm)

GVK Plans to raise Rs 3500 crore from airport stake sale Gabriel India approved bonus issue in the ratio 1:1 China’s official June non-manufacturing PMI came in at 56.7 versus 55.2, MoM.

IMD: Rains 31% below normal since June 1

Unity Infra: Scouting for JV partner to develop land( company is looking for a PE partner to sell 49% stake in hotel project.)

NIFTY FUTURES TIPS>LEVELS>RANGE

Nifty future Levels Resistances: 5310,5321,5327 & 5338, Suppports : 5281,5270,5263 & 5252. 

INTRADAY/ POSITIONAL TIPS :- 

1. S Kumars Nationwide :- Buy at cmp 35.60 or dips near 33-34 with stop loss 31 for Targets 43-50

2. Crompton Greaves : Buy above 128 with stop loss 124.50 for targets 133-137 (intra day).

3 Tata Coffee :Buy above 965 with stop loss 947 for target 985 (intra day).

4. Tata Motors : Sell below 237 or near strong resistances 244-248 with stop loss 253 for target 207 (positional call)

NIFTY ~ Intrady Tips, Share Market Trend, Stocks to Buy 21 march 2012

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It was a choppy day of trade in the markets with global pressures adding to the volatility. Consumer durables, realty, FMCG and banking supported the indices well while auto dragged them down.

Top Nifty Gainers and Loosers 20 March

The top Nifty gainers were JP Associates, PNB,BPCL and Sun Pharma while the biggest losers includedTata Motors, Coal India, Hindalco and HCL Tech.

Free NSE BSE Intraday Tips

1. BUY Suzlon Energy Ltd. Short Term Target 31 Stop Loss 26.5

2. BUY Reliance Infrastructure Ltd. Short Term Target 650 Stop Loss 570

Nifty support and resistance by NIFTY CHART