thank u for lengthy explanation.the cement industry is at turn around stage.I love to buy at level mentioned by the report...

Its already at 70.80, Do think it can fall further down? ...

What`s ur opinion on Time increase for share mkt 9 - 5. I think morning time is right we can compare with Singapur Nifty but evening time is not giving any gain . closing time 3.30 is perfect if they want to increase time then increase up to 7pm atleast we will cose with commodity mkt....

Yesterday the perfect analyst was rudra_sinha and radhika_nandlal Today Closing of Mkt? Please give ur opinions. Considering the following matters : - 1. Asian Mkts fall 2. Dow and nasdaq fall 3. Tommorow will be expriy 4. Nifty Future Disc. 3.3 5. Indian mkt r doing outperform 6. Profit booking may high today on upper level 7. Reliance may lead mkt to downside My opinion: - Mkt will go up and Nifty may return from 5120 and if it breaks then from 5140. Mkt can close negative today. Around near 5000...

Good buy at cmp....

3 months ago A news was come that now terrorist may attack on Indian Economy or Share MKT. I want to know that Indian Mkt r regularly increasing without take any right corrections. Can they will see a major fall at upper point? China and India these two countries r those countries which is recover very fast by 2008 to 2009. but china mkt r increasing with conslidation not regularly but with right orrections . On the other hand Indian mkt r increasing continupsll. It also neglecting other economic falls. ...

Friends I m invested in two companies which have low prices(below 40) but may give higher return in long term at least 1 yr. These companies fundamentally r fair. I want urs suggesstions on this companies , if u have know any particular news or any opinion about this companies. Please share them to me Or anyone want to suggest any low price for purchase or Stop loss. Following r the details. Deccan Gold Reserves - 8.84 Debt - 0 Investments - 9.50 Assete - 0.54 Quarte profit - 0.09 loss JIK Industries Reseves - 8.92 Debt - 3.10 Investment - 19.43 Assets - 10.28 Quarter Profit - 1.35 It is engaged in the business of money changing activity (dealing in foreign currencies/travel cheqs), underwriting, merchant banking, lease operations and share trading etc., The company is a Category I Merchant Banker, full fledged money banker and portfolio managers. ...

The Nifty lost 13 points over the day to close at 5090. A quiet day
of consolidation at the markets yesterday as the indices opened
flat and corrected in the first half down to support levels only to
recover in the second half and close with minor losses. The intraday
decline led to a 38.2% retracement of the rally from 4930
(last Friday) to 5119 levels that is healthy in nature. The set-up is
now ripe for the markets to complete the “V” shaped recovery
(See Exhibit 1 on Page 2) by testing the highs of Oct 09 in the
next few days. A short knee-jerk reaction from those levels is a
possibility before the indices head towards the MT supply zone
of 18000-18300/5270-5300. The process of negative divergence
on the oscillators has started only now and hence the bulls have
some more time to act. The level of 17100/5074 would continue
to act as strong trading supports on a closing basis. The moving
averages are safely placed below the price action while the
candlestick patterns continue to support the bulls. For the day,
support seen at 5074. Overall, the markets look set to blow-out in
the near term and test the recent highs of 17500/5180....

India Cements
Sell
Price: Rs104 Target price (Sep 10): Rs90

Sharp price drop in Southern region to impact ICL

* Southern region experiences sharp price drop: Cement prices have
dropped by Rs20/bag to Rs145/bag in Hyderabad and by Rs30/bag to
Rs210/bag in Chennai in the last month, primarily driven by increased
supplies and slower demand growth. Our Chennai based cement dealer
indicates that prices can drop further by Rs10/bag by end of November
2009. Dealer sources indicate that pricing scenario is expected to
stabilise from March 2010, as most of the government orders are
estimated to start in 4QF10.

* Downgrade earnings on the back of lower realisation outlook:
India Cements (ICL) sells ~85% of its production in the Southern region
and naturally will experience lower realisations. We model cement
realisation drop of c.Rs575/tonne (Rs29/bag) to Rs3,102/tonne till
4QF10 on the base of Rs3,677/tonne in 1QF10. We expect southern
region to be in production level oversupply of c.7 mn tonnes for
FY10/11E, hence pricing environment is expected to be challenging.

* Update on capacity expansion plan: ICL will be completing its
expansion at Clilamakur (AP) in 4QF10 taking the total installed
capacity to 14 mtpa. Company has recently commissioned
enhancement of line I at Vishnupuram, addition of 1.2 mtpa in Malkapur
and 1 mtpa grinding unit at Parli in Maharashtra. ICL has acquired 53%
stake a Indo Zinc (additional 20% by open offer), which will be
executing 1.5 mtpa cement plant at Rajasthan, to be commissioned by
2QF11 at an cost of Rs6 bn. Company plans to add 100 MW thermal
power capacity at its cement plant in Andhra Pradesh and Tamil Nadu at
an cost of Rs5 bn by 1HF11 and acquire a coal mine in Indonesia to
ensure fuel security.

* Maintain Sell with revised target price of Rs90: We believe that
demand slowdown and realisation drop in the Southern region coupled
with lower capital efficiency (lower RoE/RoCE than the peers) will
impact stock valuation. We estimate ICL to report RoCE of 9% and
5.9% for FY10/11E. We lower our EPS estimate for FY10/11 to Rs13.4
and Rs9.2 from Rs17 and Rs15, respectively. We value ICL on EV/tonne
of US$63/tonne to arrive at our Sep 2010 target price of Rs90 (earlier
Rs110, Mar 2010), implying EV/EBITDA multiple of 6.1x for FY11E....

Tata Communications
SELL
Price: Rs375 Target Price: Under Review

2QFY10 margins, net profit disappoint

* 2QFY10 consolidated revenues in-line; margins, PAT disappoint:
For 2QFY10, TCOM posted consolidated revenues, EBITDA and net loss of
Rs27.2 bn (up 6.2% qoq), Rs3.3 bn (down 8% qoq) and Rs1.56 bn (vs.
net loss of Rs551 mn in 1QFY10) respectively. At 12.1%, 2QFY10 EBITDA
margin was 240 bps below our estimate – the gap in EBITDA together with
lower-than expected non-operating income led to 2QFY10 net loss being
significantly exaggerated vs. our estimate (Rs580 mn).

* Margin decline attributed to qoq stagnation in non-voice revenues:
A mere 1.6% qoq rise in non-voice revenues suggests pricing pressure in
enterprise/carrier data business, albeit not as severe as in the domestic
market considering that stand-alone 2QFy10 non-voice revenues declined
8.6% qoq. As voice revenues, which entail significantly lower margins than
data revenues, grew 10.3% qoq, the change in revenue mix led to the
consolidated EBITDA coming in 16% below our expectations.

* Neotel’s 2QFY10 net loss up 13.8% qoq: Neotel’s implied 2QFY10 net
loss (based on TCOM’s 27% share of loss which it consolidates) was
Rs1.37 bn (up 13.8% qoq). Neotel’s 1HFY10 net loss of Rs2.57 bn is in line
with tour FY10E net loss forecast of Rs5.5 bn.

* Maintain SELL; placing earnings forecast, TP under review: Viewing
TCOM’s stand-alone and consolidated 1HFY10 results in perspective with
our full-year (FY10) earnings forecast, we infer – (1) Implied growth in
2HFY10 consolidated EBITDA is 47%, (2) implied decline in 2HFY10 net
loss is 76%, and (3) implied growth in 2HFY10 stand-alone EBITDA/net
profit is 61%/309% respectively – both scenarios appear unlikely.
Accordingly, pending a meeting with the management, we place our
earning estimates and TP for TCOM under review....

HOT FROM THE PRESS :

* BANKS : Govt decides to double the limit of authorized capital in PSU banks to help some banks like OBC, Syndicate Bank & UCO Bank to raise funds, which hv been constrained so far because of the limit

* INFOSYS : CFO denies co looking at acquiring European IT firm Ciber Novasoft

* RELIANCE IND : Sinopec & TPG weigh a joint bid for LyondellBasell..
seperately S&P says limited benefits for Co if bid for LyondellBasell succeeds

* UNITECH : plans to raise $700mn via FCCBs.. seeks Govt nod for the issue

* SATYAM : the Central Bureau of Investigation finds evidence of an additional
Rs47bn corporate fraud in the co, perpetrated by its erstwhile promoters

* EXIDE INDUSTRIES : mgt says sales to remain low & no expectation of growth in
sales of batteries for heavy commercial vehicles in Q3

* GUJARAT FLUOROCHEM : plans to invest Rs 5bn for doubling existing capacity to
meet increased demand from dom and intln mkts

* ACKRUTI CITY : plans to set up Rs 3bn textile park to be completed in a year

* BAJAJ HINDUSTAN : Jt MD says prodn shortfall in India could push sugar prices
higher by 36% to 30 cents/pound, a 29 yr high

* MPHASIS : PAT Rs 9.09bn for yr ending Oct`09, Rev Rs 43.09bn

Corporate News – Industry trends

* The man who spearheaded the Satyam fraud, which had rocked the
corporate world early this year, was booked by the CBI for allegedly
accepting bribe; The country’s premier investigating agency has taken
into custody R Vasudevan, the acting chairman of the Company Law
Board, for allegedly accepting Rs 7 lakh from a company secretary
whose case is being heard by the board (BS)

* Infosys Technologies, the country’s second largest IT services
company, is actively looking at acquiring companies in the consulting
and healthcare spaces in the range of US$400-500 mn (BS)

* Bharat Heavy Electricals Ltd said it has bagged an Rs 56bn contract
from an arm of Jaiprakash Associates for setting up a thermal power
plant in Uttar Pradesh (BL)

* Reliance Industries has reopened about two-thirds of its 1,432
petrol pumps in the country and is selling about 2,000 kilolitres of auto
fuel per day, RIL president-refinery business P Raghavendran said (BS)

* Bhushan Steel may look at doing a JSW Steel-JFElike deal with
Japan’s Sumitomo Metal Industries; Sources said Bhushan might
explore offloading around 2.1 mn shares of its 42 mn shares to
Sumitomo. This was in addition to the joint venture opportunity being
explored for the six mn-tonne Bengal steel project (BS)

* The Foreign Investment Promotion Board (FIPB) has
recommended approving Gucci’s plans to pick-up 51 % stake in Luxury
Goods Retail Ltd, under single brand retail (BL)

* Unitech will raise US$700 mn through FCCBs; the company has
sought approval from the Department of Industrial Policy and Planning
(DIPP) and the Reserve Bank of India to raise the fund through
convertible instruments (ET)

* Hindalco Industries has raised US$600 mn by selling shares to
institutional investors. The issue that was launched on Monday, diluted
Hindalco’s equity capital by 11% and pared down the promoter
shareholding (ET)

* JSW Steel, which last week tied up with Japanese steel giant JFE for
technology, may sell as much as 40% in its upcoming 10-million tonne
steel unit in West Bengal to its overseas partner (ET)

* Sun TV Network Ltd, announced tariff revision for its flagship
channel Sun TV; On the basis of its “sustained viewership and
consistent higher ratings for its serials,” the company has increased its
advertising rates by 9% to 33%, says a press release from the
company (BL)

* Mumbai-based real estate developer Ackruti City plans to set up an
Rs 3bn textile park on 60 acres in suburban Biwandi near here (BL)

* To promote traffic of automobiles through the railways, its
ministry is considering 15 automobile hubs to be set up on PPP across
the country; the railways would provide land for constructing the hubs
and the facilities would be set up by private sector players. These auto
hubs would not only serve as vendor parks, but also have assembling
units where components can be put together before cars are
transported to sales centers (BS)

Economic/Regulatory development

* PRIME Minister Manmohan Singh and US President Barack
Obama attempted to give new impetus to the strategic relationship
and push forward ties in several key areas from climate change to
counter-terrorism; “I believe relations between India and US will be
the defining moment of the 21st century,” said Mr Obama at a joint
press conference after the talks (ET)

* THE auction of 3G spectrum, vital for high-end services such as
ultra-fast internet on mobile, which is slated to begin on January 14, is
likely to be deferred by a ‘few weeks’, as the DoT and the defence
ministry will require more time to coordinate and assign the airwaves
vacated by the armed forces (ET)

International trends

* The US economy grew more slowly than first thought in the third quarter, but house...

Nifty Future : On week to week basis, strong reversal were seen on Friday trading and almost closed with a green. Overall we may consider support are 4900-4890, below it will test 4840 and major support are 4750. Ultimate target are 5150-5180-5200.

Trading range of the last two days are 5120 to 5050......

Higher level resistance are 5120-5130, crossover, will more

Short covering in the market, down side below 5050, easily

Wipe out 30-50 points.

If hold 5000, do not play for short sell....and likely bounce back.

{Today Trend Decider - 5085}

Bank Nifty : Trend is still is bullish. Any decline to buying opportunity with consider support 8800-8700. Weekly trend decider 5150 In the Bank Nifty, the December series are traded at premium to November indicating good carry over and bullish sign .

CNX IT : Today support are 5350, higher level resistance are 5500, above more up side. Weekly Trend Decider 5455.OUR TARGET ARE 5700 + . We think that it could gain if the rupee goes lower again....

Weekly Trend Decider 990. Today support 980 and resistance are 1028.... ...

Keep a stop loss 131 and super hot sell, down side below 122 target 111 or below. Weekly Trend Decider 1126....