Newsletter dated 18th May,2007

U.S. stocks edged lower on Thursday as an upbeat report on business conditions in the mid-Atlantic region, coupled with data suggesting strength in the job market, signalled a reduced chance of interest-rate cuts. The Dow Jones industrial average <.DJI> declined 10.81 points, or 0.08 percent, to end at 13,476.72. The Standard & Poor's 500 Index <.SPX> dipped 1.39 points, or 0.09 percent, to finish at 1,512.75. The Nasdaq Composite Index <.IXIC> shed 8.04 points, or 0.32 percent, to close at 2,539.38.

The Nikkei average shed 0.18 percent on Friday, weighed down by individual company news such as Mitsumi Electric Co. Ltd.'s bearish outlook, with the market lacking direction after the peak of the earnings season and major economic indicators. The market lacks domestic material for trade, and the sense of little direction is likely to continue for a while. Investors have also become a bit cautious as the weaker-than-expected GDP data gradually sank in and on concerns that poor performance in start-up markets might spread to other small- to medium-sized companies. The Nikkei <.N225> finished the morning down 31.89 points at 17,466.71, and the broad TOPIX index <.TOPX> fell 0.27 percent to 1,702.63.
The blue-chip Hang Seng Index <.HSI> was down 0.8 percent as investors sold across the board on concerns that China may raise interest rates. he index opened down 0.5 percent at 20,882.87.

Nifty is very near to its all time high of 4245. But it seems that we might witness profit booking at higher levels. It is adviced to avoid any frash longs for time being. Just wait for couple of days and see whether it breaches 4245 comfortably and sustains above that. Traders with high risk appetite may short nifty at higher levels keeping SL at 4262 (according to spot level).

TOP SELLS..........

1. HPCL

2. BPCL

3. IOC

4. ESS DEE ALUMINIUM (risky)

5. HCL TECH


TOP BUYS.....

1. SUN TV

2. BAJAJ AUTO ... at lower levels (RISKY)

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Nitin Fire Protection Industries IPO - APPLY

Seamless cylinder business holds good growth potential

Nitin Fire Protection Industries, promoted by Nitin M Shah alias Sanghavi, was incorporated in 1995 in Maharashtra to manufacture fire extinguishers. The company presently provides fire protection, and safety and security by offering end-to-end turnkey solutions. This business is carried through two wholly owned subsidiaries and one partnership concern.

The other business of high-pressure seamless cylinders is presently carried through wholly owned subsidiary Eurotech Corporation, which outsources the manufacture of these cylinders to China. CNG gases are transported to CNG stations through CNG cascades. The company also manufactures these cascades.

Recently, Nitin Fire Protection Industries floated another wholly owned subsidiary Nitin Cylinders to set up a manufacturing unit of high pressure seamless cylinders at the Vizag special economic zone (SEZ) primarily to cater to the export market. The company has planned a capacity of 5,00,000 units per annum at this plant, which will come up in two phases. The first phase of 2,50,000-unit capacity is scheduled to commence production in May 2007, while the second phase is scheduled for commissioning by October 2007. The total cost of this expansion is estimated at Rs 118.08 crore. The company is coming out with an initial public offer of equity shares to partially finance this expansion.

The high-pressure seamless cylinders primarily cater to the industrial, medical, fire-fighting and beverages segments. However, with the advent of CNG as an alternative eco-friendly automotive fuel, a new segment has opened up, which is growing rapidly in India as well as globally.

To further benefit from the evolving market for CNG applications, Nitin Cylinders also intends to make and sell fuel dispensers. It has entered into an MoU for technology transfer with Kraus Global Inc., Canada, and for the supply of its proprietary products in India, Bangladesh and the UAE.

Nitin Fire Protection Industries picked up a 10% stake in the consortium along with petroleum giants such as GSPC (20%), Gail (20%), HPCL (20%,), BPCL (10%), Hallworthy (10)% and Silverware (10%) for the exploration and prospecting of crude oil block RJ-ONN-2004/1, admeasuring a contract area of 4,613 sq. km, in Rajasthan. The cost of operating the oil block is estimated at about US$ 30.67 million out of which the company's share works out to US$ 3.07 million (over Rs. 13 crore).


Strengths:

# Operating from SEZ will help in effectively tapping global markets for high pressure seamless cylinders.

# The demand for high-pressure seamless cylinders to carry CNG will continue to grow at a high rate due to the global shift to CNG as an automotive fuel.

# The business of CNG cascades and the tie-up for manufacturing CNG fuel dispensers for domestic markets hold immense potential for future with a number of city gas distribution projects planned. The availability of natural gas is expected to double in the next two years.


Weaknesses:

# Will need to establish its brand image and marketing network in the export markets.

# Foray into oil exploration looks diversionary and may lock up funds in unrelated business.


Valuation:

The price band for the IPO is Rs 171 to Rs 190, which translates into a P/E of 21.0x at the lower band and 23.3x at the higher band on the consolidated EPS (on post-IPO equity) of Rs 8.2 for the year ended March 2007. Around 51% of the consolidated profit comes from the fire protection business and the balance from the cylinder business. The proposed project is in the cylinder business. The nearest comparable company in the cylinder business is Everest Kanto Cylinders, which already commands substantial market share in this business, is currently trading at Rs 1168, with P/E of 37.6 times consolidated nine-month annualised EPS. The strong financial and stock market performance of Everest Kanto after listing is likely to augur well for Nitin Fire Protection in the short term.

Source:- www.capitalmarket.com

ANURAG DUJARI
Mobile - 09831909904, 09883059291, 09330911514, 09433988791
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period

Newsletter dated 17th May,2007

U.S. stocks jumped on Wednesday as major investors disclosed stakes in Citigroup, several railroads and health-care companies, raising expectations that further takeovers could be coming. While these investments may not necessarily indicate the beginning of a takeover, analysts said they support enthusiasm for shares, boosted in part by a recent flood of takeovers. Traders at this point are afraid to sell. They don't want to be held in a position where the stock they just sold is the next private takeover target. That seems to be the dominant theme.
The Dow Jones industrial average <.DJI> gained 103.69 points, or 0.77 percent, to closed at 13,487.53, a new record. The Standard & Poor's 500 Index <.SPX> was up 12.95 points, or 0.86 percent, at 1,514.14. The Nasdaq Composite Index <.IXIC> was up 22.13 points, or 0.88 percent, at 2,547.42. The Dow also hit an all-time intraday high of 13,489.57 just before the close. The blue-chip average has had multiple records in recent weeks and the S&P 500 is coming off of its sixth straight weeks of gains.

The Nikkei average rose 0.53 percent on Thursday, buoyed by high-tech exporters after Sony Corp. forecast solid earnings for the year, and data showed Japan's economy grew slightly less than market expectations in the January-March quarter. The slightly weaker-than-expected GDP figure bolstered market expectations that the Bank of Japan will hold off from raising rates at least for the next few months. The Nikkei <.N225> finished the morning up 92.33 points at 17,621.33, and the broad TOPIX index <.TOPX> added 0.40 percent to 1,718.66. The blue-chip Hang Seng Index <.HSI> was up 0.6 percent, extending opening gains. The index opened up 0.5 percent at 21,042.67.

All Asian markets are trading in the green. Nifty made a surprise move yesterday and is likely to continue its momentum. We may test new highs within few days. Today Sensex is likely to open 80-100 points up powered by heavy weights, banks, telecom & media, capital goods and autos. Although technology did bounce back from its lows yesterday still it might underperform the markets.

TOP BUYS........

1. MARUTI

2. SUN TV

3. INDIABULLS FINANCIAL (RISKY)

4. NTPC

5. M&M


TOP SELL CALLS.....

1. HCL TECH

2. TELEVISION 18 INDIA (AT HIGH LEVELS)..... RISKY

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Newsletter dated 16th May,2007

U.S. stocks rose on Tuesday, sending the Dow industrials to an all-time high, as data pointing to stabilizing inflation trumped disappointing earnings from Home Depot Inc. Federal Reserve may have room to lower interest rates some time this year, which could boost business investment.
The Dow Jones industrial average <.DJI> was up 37 points at 13,383. The Standard & Poor's 500 Index <.SPX> was down 1.96 points, at 1,501. The Nasdaq Composite Index <.IXIC> was down 21 points, at 2,525.

European stocks ended Tuesday a touch higher, boosted by mergers and acquisitions, while investors looked to Wall Street for direction after data calmed U.S. interest rate concerns. Britain's leading share index ended up on Tuesday recovering early losses as slightly weaker-than-expected U.S. inflation data lifted sentiment.

The Nikkei average fell 0.23 percent on Wednesday as investors turned cautious before a series of earnings results including Sony Corp. The market is almost flat as investors are making trade decisions mostly based on individual earnings results. That is not unusual during an earnings season, and it doesn't mean the sentiment of the overall market has worsened. The Nikkei <.N225> finished the morning down 40.40 points at 17,472.58, and the broad TOPIX index <.TOPX> shed 0.39 percent to 1,705.92. The blue-chip Hang Seng Index <.HSI> was flat, in line with its opening at 20,854.09 points.

Again we might witness flat morning today. Sensex is likely to open flat following Asian markets. Selective mid-caps may perform but broader market may remain within a narrow range. However, Technology stocks may see some selling pressure due to weak Nasdaq and strong rupee. It is recommended not to go long on technology stocks for intraday.

TOP BUY CALLS....

1. M&M

2. BAJAJ AUTO

3. RELIANCE INDUSTRIES

4. TATA MOTORS

5. SUN TV

6. KESORAM INDUSTRIES (risky)


TOP SELL CALLS.....

1. HPCL

2. BPCL

3. MOSER BAER

4. RNRL

5. 3i INFOTECH

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Newsletter dated 15th May,2007

U.S. blue-chip stocks rose on Monday as news that DaimlerChrysler had found a buyer for its beleaguered Chrysler unit boosted automotive shares, but the broader market fell on renewed concerns about the economy's health.
The Dow Jones industrial average <.DJI> rose 20.56 points, or 0.15 percent, to end at 13,346.78. The Standard & Poor's 500 Index <.SPX> was down 2.70 points, or 0.18 percent, at 1,503.15. The Nasdaq Composite Index <.IXIC> was down 15.78 points, or 0.62 percent, at 2,546.44.

The Nikkei fell 0.69 percent on Tuesday.The biggest factor driving down the market is the worse-than-expected machinery data. Japan's core private-sector machinery orders, a key gauge of corporate capital spending, fell 4.5 percent in March from the previous month, well below economists' consensus forecast for a 1.3 percent rise, government data showed on Tuesday.
The Nikkei <.N225> finished the morning down 121.71 points at 17,556.23, and the broad TOPIX index <.TOPX> shed 0.68 percent to 1,719.29.

The blue-chip Hang Seng Index <.HSI> was flat, in line with opening levels. The China Enterprise Index of mainland H shares <.HSCE> was up 0.7 percent.

Today Sensex might open tag up and would remain within a narrow range. We might see low volatility.It will trade within a range.. Technology stocks might be a laggard today following weak dollar.

TODAYS CALLS WILL BE GIVEN THROUGH MESSENGER AND SMS....

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Newsletter dated 14th May,2007

U.S stocks rose on Friday, rebounding from their steepest fall in two months, on reassuring inflation news that may give the Federal Reserve room to lower interest rates. The PPI data eased inflation concerns two days after the Federal Reserve decided to hold rates steady, citing the potential for inflation to rise.

The PPI number and the fact that there is always hope that maybe toward the end of the year the Fed will lower interest rates, has helped propel the market higher on Friday.Dow and Nasdaq had a good sell-off on Thursday, but there's a lot of people who want in this market.

The Dow Jones industrial average <.DJI> was up 111.09 points, or 0.84 percent, at 13,326.22. The Standard & Poor's 500 Index <.SPX> was up 14.38 points, or 0.96 percent, at 1,505.85. The Nasdaq Composite Index <.IXIC> was up 28.48 points, or 1.12 percent, at 2,562.22.

European shares closed higher on Friday, recovering from losses earlier in the session, boosted by takeover talk and the strong performance of U.S. stocks after data indicated moderating inflation.

The Nikkei average rose 1.07 percent on Monday. Exporters such as Toyota Motor Corp. regained ground following an advance in stocks in the United States, one of the biggest markets for Japanese goods. The Nikkei could switch to a upward trend and try for the 18,000 level if Sony Corp.'s earnings and GDP data later in the week turn out to be positive.But the overall market is still solid as stocks that sold off sharply on disappointing earnings results seem to be able to regain ground the following day.
The Nikkei <.N225> finished the morning up 187.02 points at 17,740.74, and the broad TOPIX index <.TOPX> added 1 percent to 1,740.25.

The blue-chip Hang Seng Index <.HSI> was up whooping 514 points, and the Hong Kong-listed mainland stocks, or H shares <.HSCE> was up 4.3 percent.China's loosening of investment rules to let mainland investors pile their money into overseas equities would drive up turnover in the Hong Kong market.

All other Asian markets are trading in green.It seems that our markets will take a solid cue from the global markets. We have witnessed solid bounceback in the market on friday.We might continue this momentum this week.

Sensex is likely to open gap up 150-200 points led by Technology, Auto and capital goods stocks. It would be a broad based rally today. Last day I have already given positional call of M&M futures at 716 for a target of 742 and 754 which I think would be achieved today or latest by tomorrow. Since the market will open gap up, hence it is difficult to give long calls at opening bell.

Still we are tracking following stocks for BUYS at lower levels....

1. M&M

2. GAIL

3. ONGC

4. ASHOK LEYLAND

5. ACC

6. TATA MOTORS

7. ABAN LLOYD

8. BOMBAY RAYON FASHIONS

No specific BUY price is mentioned in my above calls (it will be mentioned to our paid clients only). Do your own homework before trading in the above stocks.

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.