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34
GAMC No. :1703/2012-14. Issued by SSP Ahd. Valid up to 31-12-2014

VOL : 7
Issue No: 22
RNI No : GUJENG / 2008 / 24320
21st July to 27 th July 2014
Market Scan
Jatin Sanghavi
(Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
Market Pulls Back

But Still not out of the Woods
Support level Holds :- Sensex bounced back from a low of 24892, just above the support of an
intermediate bottom of 24878. Thus this Support at 24878 holds great significance and the Correction will resume only if this Support gets breached. But the question mark still remains about
the resumption of Uptrend as the Weekly Bearish Engulfing completed last week has still not been
negated. This will get negated only if Sensex closes above 26190 and Nifty above 7808.
Technically Speaking :- Sensex opened the week at 25093, made a high of 25713, low of
24892 and closed the week at 25641. Thus it closed the week with a gain of 617 points. At the
same time the Nifty opened the week at 7469, made a high of 7685, low of 7422 and closed the
week at 7663. Thus the Nifty closed the week with a gain of 204 points.
Both the indices have completed a Bullish Harami on the weekly charts. But a Bullish Harami
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SMART
21st July to 27th July 2014
INVESTMENT
pattern can form at the bottom and not at the top of Buy Petronet LNG : 186
a trend; hence that cannot be the case here. So the SL 181 ; TGT 194-203
follow up to the Bearish Engulfing which got completed a week before, was missing as this week
formed a white body candle. Thus the bearish impact of the Bearish Engulfing will be negated only
when both the indices close above the top of this
pattern which is above Sensex 26190 and Nifty
7808. Also both the indices formed a small white body candle on the daily charts in line with the
ongoing pull-back. Thus Candlestick pattern study indicates turbulence in the short term.
Correction will resume only if Sensex closes below the level of 24878. If that is to happen, one
needs to consider the rally from low of Sensex 22277 and Nifty 6628. The relevant Correction
levels are 24695-24233-23771 for the Sensex and 7361-7223-7085 for the Nifty. On a higher
timeframe, we need to consider the rally from low of Sensex 19963 and Nifty 5933. The relevant
Correction levels are thus placed at Sensex 23811-23076-22341 and Nifty 7092-6871-6649.
The 38.2% Retracement level of the immediate correction (Sensex 24695 and Nifty 7361) and
an intermediate bottom (Sensex - 24644 and Nifty 7360) are forming a confluence zone. Thus
Sensex 24695-24644 and Nifty 7361-7360 will act as strong Support zone. A breach of this Support zone will turn the medium term trend down.
On a higher scale, a very strong Support zone is formed between Sensex 23811-23729 and
Nifty 7092-7067. This is a result of confluence of 38.2% Retracement of the higher rally (Sensex 23811 and Nifty 7092), 61.8% Retracement of the immediate rally (Sensex - 23771 and Nifty
7085) and the start of the intermediate Bullish Rising Gap (Sensex 23729 and Nifty 7067). The
long term trend will continue to remain bullish as long as this Support zone is held.
Last week, both Sensex and Nifty completed a Bearish Rising Wedge pattern when Sensex
closed below 25450. This is a leading Bearish Reversal pattern which suggests that the Sensex is
now headed towards a target of 24231 and Nifty 7180. This target is still intact and will remain
valid till Sensex remains below 26190 and Nifty below 7808.
:::: INDEX LEVELS ::::

S3
NIFTY
7360
SENSEX 24587
S2
7441
24892
S1
7563
25347
Close
7663
25641
R1
7755
25999
R2
7860
26264
R3
7974
26587
This Weeks Recommendations

Rec. Name
Buy
Petronet
CMP
SL
186
181
This week both Sensex and Nifty once

again reclaimed the short term average of
20dma (Sensex - 25447 and Nifty - 7600).
Besides, they both continue to remain above
the medium term average of 50dma (Sensex
TGT-1 TGT-2
194
Last Weeks Recommondation
203
Buy
Axis Bk.
1995
1963
2041
2089
Buy
A.B. Nuvo
1428
1400
1470
1515
Buy
IDFC
163
158
171
180
Buy
Apollo Hos. 1086
1065
1118
1152
Stocks
Sell
Sell
Sell
Sell
Sell
Reco.Price
TGT Reached
SBI
2425 2364
Siemens
855 826
HPCL
377 352
Syndicate Bk. 142 136
Ambuja Ce. 214 208
2366
841
372
138
212
Total :
Lot Size
Profit
125
500
1000
2000
2000
7375
7000
5000
8000
4000
31,375
SMART
INVESTMENT
- 25021 and Nifty - 7472) and the long term average of 200dma (Sensex - 22119 and Nifty - 6592).
Thus the trend in the short term timeframe has turned bullish, while that in the medium term and
the long term timeframe continues to remain up.
MACD and ROC both continue in Sell mode. RSI (58) has moved above the equilibrium line
and hence indicates bullish momentum. Stochastic Oscillator also continues in Buy mode as %K
(57) is above %D. The MFI (53) has also turned positive by moving above the centerline, suggesting positive money flow. OBV continues in Sell mode by forming lower top lower bottom formation.
ADX has reduced to 30, indicating the uptrend is still intact but its strength has reduced. At the
same time Directional Indicators continue to remain in Buy mode as +DI remains above -DI. Thus
Oscillators are giving mixed signals; hence expect volatility in the short term.
Options data suggests that the market is expecting a trading range between 7500 and 7800.
Friday saw strong buildup at 7700 Call which indicates strong resistance there.
For the week ahead, Sensex will find Support at 25347-24892-24587 and will find Resistance
at 25999-26264-26587.
For the week ahead, Nifty will find Support at 7563-7441-7360 and will find Resistance at 77557860-7974.
Last Week Sensex, Nifty & Moves

S&PBSE
Open
High
Low
Close
Diff
14/07/2014
25,093.16
25,095.76
24,892.00
25,006.98
-17.37
15/07/2014
25,100.90
25,254.48
25,020.32
25,228.65
221.67
16/07/2014
25,322.17
25,602.78
25,246.75
25,549.72
321.07
17/07/2014
25,540.92
25,613.03
25,494.46
25,561.16
11.44
18/07/2014
25,558.48
25,713.40
25,441.24
25,641.56
80.40
Net
Weekly
Rise
617.21
Open
High
Low
Close
Diff
14-Jul-14
7469
7478.45
7422.15
7454.15
-5.45
15-Jul-14
7491.3
7534.9
7459.15
7526.65
72.5
16-Jul-14
7564.15
7640.1
7532.45
7624.4
97.75
17-Jul-14
7612.7
7655.65
7612.7
7640.45
16.05
18-Jul-14
7630.25
7685
7595.5
7663.9
23.45
Net
Weekly
Rise
204.3
NSE / Nifty
SMART
INVESTMENT
Sameet Chavan
Technical Analyst
Angel Broking
(Mob. : 98199 965036)
Trade with proper exit strategy

Trading for the week began marginally higher over the previous week's closing, considering a
quiet trading mood across the globe. After 3 - 4 days of continuous sell-off, the bears took a
breather on Monday resulting in the Nifty oscillating within a narrow range throughout the session.
The price movement in the following two trading sessions was quite identical where the Nifty
opened higher and immediately corrected to fill the morning 'Upside Gap'. This gap filling activity
was followed by a sharp rally in late trade, which led the index to close with decent gains on both
the occasions. Trading on Thursday was muted as the Nifty traded within a narrow range, but
managed to maintain its positive bias. The concluding session of the week opened lower on the
back of negative global cues and immediately corrected by more than half a percent during the
initial hour. However, we observed a gradual recovery throughout the remaining session, leading
the Nifty to end the week on a positive note. On the sectoral front, Banking, Capital Goods and
Consumer Durables stocks witnessed a strong rally; whereas the only sector to close in the red on
a weekly basis was IT. The Nifty added 2.74%, over the previous week's closing.
The last four consecutive sessions have posted a close well inside the positive territory after
breaking the crucial support level of 7480 on the Nifty on a closing basis. However, our basic view
(in the near term) remains intact as we are interpreting this entire up move as a technical bounce.
The price structure on the daily chart remains weak as the previous 'Higher Top Higher Bottom'
formation on the daily chart was negated after confirming a close below 7480 (Nifty). Further, the
'Bearish Engulfing' Japanese candlestick pattern formed during the previous week is still valid. At
this juncture, the Nifty is placed precisely at the 61.8% Fibonacci retracement level (7660) of the
recent fall from 7808.85 (high on July 08, 2014) to 7422.15 (low on July 18, 2014). Hence, it is
considered as a strong resistance zone for the index. Considering these technical evidences, we
would advise traders to remain light on positions and trade with a proper exit strategy. However,
we would not advise traders to create fresh short position as the current momentum is clearly on
the higher side. The immediate support level on the Nifty is seen at around 7595 levels. Traders
can initiate short positions only if the Nifty sustains below this crucial support level for an immediate target of 7520 - 7460. On the higher side, the possibility of a near term correction will get
negated if the Nifty stays above the 'Budget Day' high of 7731 on a closing basis. In this scenario,
the Nifty may continue its upward momentum to test its recent high of 7809.
SMART
INVESTMENT
(Fakhri H. Sabuwala)
E-mail: fakhrisabuwala@hotmail.com
Mixed Emotions
The PM may be at Brazil attending a BRICS summit and the parliament may be discussing
the budgets both the railways and central. The market in such a scenario goes through the
mixed emotions and rides like a pendulum even at intra day basis as well as daily .
Shrugging off the data which showed the trade deficit to touch a 11 month high in June, the
equity benchmark indices shot up by 1.3% midweek on a sustained buying in the banking
stocks. The market breadth has improved substantially during the week and at times two out
of three scrips have risen for most part of the week. the cues from the Europe too were
favourable.
Banking stocks are in the lime light on RBI allowing the lending banks to raise long term
bonds to finance infra structure and housing sectors. Almost all the banks participated in the
rally with ICICI and AXIS taking the lead as their exposure both in infra and housing finance is
quite large (project finances 10% of advances and housing 20% of advances.
Stocks in view:
IDFC : After reaching an interim high of Rs 164 the stock may be correcting momentarily and
soon it shall gain further ground in coming weeks.
Adani ports : The scrip remains
a favorite counter of the traders and investors. Build up

of fresh position is witnessed and indicators point at the buy mode. A further rise is inevitable
before it corrects near its medium term resistance.
JP POWER : the scrip witnessed
short covering as well as fresh buying in the cash market.

The short term indicators have turned upwards from just above the oversold territory. An upside
is due before the correction.
Federal Bank : The stock which
declared more than double net profits at Rs 220 cr in the

first quarter against Rs 105 cr same period last year. It is also heard that Rare bull (Rakesh
jhunjhunwala) has entered the scrip.
Buy... Buy...
MTNL
33.00
Premier Explosive 164.00
Heidelberg Cem.
64.00
Ashiana Hsg.
129.00
GMR Infra
26.00
Bodal Chem.
48.00
Manappurm
23.00
Chennai Petro
89.00
PTC (I)
33.00
MRPL
69.00
U. B. Holding
41.00
Buy on Deep
HIL Ltd.
Alembic Pharma
Zicom Ele.
Petronet LNG
PVR
Muthoot Fin.
H. T. Media
Monnet Ispat
Kovai Medical
G.M. Breweries
Som Distrileries
491.00
336.00
117.00
186.00
657.00
186.00
117.00
137.00
261.00
122.00
219.00
Sell on High
Hold
Ultratech Cement
HCL Techno
Sesa Sterlite
Hind. Zinc
Hindalco
TCS
Mind Tree
Balkrishna Ind.
Force Motor
Info Edge
NBDC
2548.00
1499.00
298.00
165.00
184.00
2442.00
887.00
808.00
536.00
693.00
454.00
Reliance Ind.
976.00
Jindal Cotex
19.00
Veer Energy
5.39
Zee Enter
294.00
Rasoya Proteins
17.00
Bajaj Auto
2081.00
Simplex Infra
310.00
Gail (I)
445.00
CMC
1899.00
Thermax
911.00
REC
314.00
SMART
INVESTMENT
Terrific Shots
AshokaBuildcon (Rs. 152.00) (Code: 533271) :- Modi-government's focus on road
and infrastructure sector is likely to benefit one of the leading BOT road players AshokaBuildcon.
The company is known for completing project within deadline and its financial performance has
also been robust. In March quarter, the company recorded net profit of Rs31.79 crore on turnover
of Rs548.33 crore with EPS of 2.01. In December 2013 quarter, the company had recorded profit
of Rs20.78 crore on turnover of Rs353 crore with EPS of 1.31. In FY2013-14, it recorded net profit
of Rs103.44 crore on turnover of Rs1557 crore with EPS of 6.55. The company paid dividend of
40% last year. The stock prices are likely to cross Rs175 with announcement of June results.
Deepak Fertilizers (Rs. 182.00) (Code: 500645) :- The commodity chemicals
company is one of the leading fertilizers companies of the country. It operates in three business
segments - Chemicals, Fertilizers and Real Estate. Compared to last quarter of the previous
financial year the company's income increased to Rs1070 crore with 62% rise, while operating
profit increased to Rs165.45 crore with sharp rise of 135% and its adjustable net profit hiked by
215% to Rs91.66 crore. The company's chemical segment witnessed income of Rs753 crore with
73% growth. The raw materials remained quite stagnant during the quarter. The company has
announced 55% dividend. Taking into consideration the company's growth, expansion plans, strong
brand and financial performance the stock can be bought with target of Rs250.
Granules India (Rs. 607.00) (Code: 532482) :- Last year was golden year for the
midcap pharma company. The company operates in API, PFI and Finished Dosage segment and
exports it to around 60 countries. As against equity of Rs20.28 crore, the company has reserves of
Rs285.10 crore. Late year the company acquired AuctusPharma and started new R&D facility. In
March quarter, the company's income increased from Rs178.95 crore to Rs291.84 crore, while its
profit increased from Rs11.09 crore to Rs26.04 crore with achieving EPS of Rs12.88. In FY 2014,
the company's income increased from Rs679.80 crore to Rs11001.68 crore, while its profit increased from Rs30.18 crore to Rs81.01 crore with EPS of Rs40.06. The stock is likely to cross
Rs700.
Adani Ports (Rs. 287.00) (Code: 532921) :-The company has recently received
clearance from ministry of environment and forest leading to fancy in the stock. It is the largest
private port and SEZ company of India. In FY2014, the company's income increased from Rs3576.63
crore to Rs4823.99 crore, while its profit increased from Rs1623.22 crore to Rs1739.64 crore. It
has transferred Abot Port to another group company, decreasing the company's debt. The
company's Mundra Port is witnessing strong operation and volume is increasing drastically. As
against equity of Rs414.01 crore, the company has reserves of Rs8351.28 crore. Mundra Port has
completed handling of 100 MMT cargo in last year. The Modi government is looking forward to
develop new ports through public private partnership model and Adani is believed to be the front
runner in this sector. The stock is making higher top higher bottom formation. The stock is all set
to cross Rs325 level.
SMART
INVESTMENT
Chart Buster
By Talaksi Gosar
(Mumbai)
Stock bourses bounce back from post budget blues

Positive start to corporate number season to keep them abreast
The Indian stock markets which had suffered a huge loss of 937 points on the BSE Sensex in
the post budget previous week merely on disappointment arising out of the Union budget, regained as many as 617 points in the following week that was. The markets had plunged in the
post-budget previous week merely on off-loading of the excessive bull positions that were built on
hopes, and therefore the fall was more on the basis of the "hurt market sentiments." The last
week's recovery was based more on actual good news and increased investment buying and
therefore likely to get extended in the next few weeks.
The monsoon rains that had remained elusive until the previous week started to pouring in over
most parts of the country. The arrival of monsoon rains really changed the market sentiments
which, though had turned bullish long ago, but had not become helpful in getting transformed into
buying action thus far. Since the markets witnessed buying support, a few positive news that had
gone ineffective due to wories of lack of rains, also started impacting the markets positively. In the
first week of July, the car manufacturers had reported fastest car sales in the past 10 months. This
was followed by a reported rise of 4.7 per cent in IIP numbers for the month of May, the highest in
19 months. The manufacturing PMI in June at 51.5 per cent turned out to be the highest in the
four-month period. At 54.4 per cent the services PMI in June was reported to be the highest in the
last 17 months. The rise of 8.3 per cent in imports in the month of June turned out to be an
additional evidence of domestic recovery. The newly constructed Consumer Price Index (CPI)
was reported at 7.3 per cent, the lowest since its inception. The wholesale inflation in June at 5.4
per cent was reported to be the lowest in the last four months. The last but no the least, to have
foreign exchange reserves posted rise in the consecutive sixth week which reached the second
best level of 317.037 billion dollars for the week ended July 11. The all-time high was at 321 billion
dollars.
Not only that the markets received positive cues from the foreign numbers as well. The Chinese
and the US economies, too, posted positive growth numbers last week. The increased PMI in
China was translated into a buying frenzy in the global markets last week, with metal stocks in
particular, rising the most here and there.
However, not all was well. There was some negative news as well. The power minister Piyush
Goel confessed that the nation may face sheer stoppage of power supply very soon as coal stocks
with the major power generating companies including the the largest thermal power generation
company, NTPC, have already been depleted and have merely been enough to last only for two to
seven days. He, however, assured that the government was taking steps on war footing to avert
the likely calamity. The trade deficit (imbalance between imports and exports) at 11.8 billion dollars was reported to be the highest in the past 11 months but it was due mainly to higher imports
of gold and the same was very much expected besides could be managed by making policy
changes.
In the meantime the new corporate number season has also kickstarted with positive Q1 numbers by IT majors like Infosys Technologies and TCS and many more companies are expected to
cheer the markets as well as their investors as most of the companies have taken steps of costcutting and rationalization the impact of which would be reflected in the first quarter numbers. The
SMART
INVESTMENT
Reserve Bank of India, in keeping in line with the policy announcements by the finance minister
Arun Jaitley in his union budget, has already come out with easy money at lower interest rates for
infra-projects.
The long-term investors have, by now, started receiving income by way of dividends for the
year ended March, 2014, and are looking forward to receiving interim dividends as many companies do pay such interim dividends every quarter. Thus, the stock markets are most likely to
perform bullish in the days and the weeks to come and the BSE Sensex, which at its close of
25641, for the week, being only a few hundred points away from life-time peak of 26190, may
zoom past the same well ahead of the fast approaching festival season. Thus the markets have
now become more prone to discount good news and rise further, and therefore, may become
more rewarding to those who would invest courageously in growth oriented and well managed
companies.
APCOTEX IND-Mon .31/03/00-18/07/14 B-523694
TREND
Apcotex Industries :- A monthly chart of Price E M A( 6) E M A(12) E M A(24)

F 18/07/14
Apcotex Industries published herewith covers
200
190.00
O 185.35
a period right from the year 2000, till date, re180
H 187.00
veals that its lowest price was Rs 4.75 way back
L 162.00
160
C 180.60
in 2001, from where it entered a very very longV 81976
140
V 145.37
lasting uptrend that is still continuing. The rise
E 156.13
120
in its price till the year 2005, was, however, very
E 139.87
103.65 100
E 123.18
small and it could go upto only Rs 41.95 after
80
which a technical correction pushed it back to a
60
low of Rs 15.00 in 2008, that coincided with the
41.95
general market crash later that year. But after
40
having bottomed out at Rs 15.00 in 2008, the
20
15.00
share entered a long-lasting uptrend that is still
4.75
-0
Xs
continuing as it has been going up and up re- 00 01 N02 N03 N04 N05 N06 N07 N08 N09 N10 N11 N12 N13 N14
lentlessly. In June, 2014, the share reached a
high of Rs 190.00 and met with a minor technical correction in July that pushed it back upto a low
of Rs 162.00, but only briefly, as it jumped up to close at Rs 180.60 when the markets closed for
the week that was. Thus, the share is a bullish one irrespective of the general market conditions
and therefore suggested for buying for long-term investing.
State Bank of Bikaner & Jaipur :- The State Bank of Bikaner and Jaipur is one of the subsidiaries of the largest Indian bank, the state Bank of India, and its share is recomended for buying
today for making medium to long-term investment
HITACHI HOME-Mon .31/12/08-18/07/14 B-523398
TREND
Price E M A( 6) E M A(12) E M A(24)
on techno-fundamental ground. Technically, the
F 18/07/14
share looks very bullish on its daily chart. Funda402.00
400
O 306.70
mentally, it is a bank that performs well and
H 364.90
350
L 257.80
backed by the reputation enjoyable by any bank
C 359.20
V
710000
300
that is a subsidiary of the largest lender in India.
V 2274
E 252.33
The share that bottomed out at Rs 281.90 in early
250
E 205.07
March in the current year shot up to a high of Rs
E 174.57
200
660.00 in just two and a half months' time, a more
171.00179.00
162.80
than one hundred per cent appreciation. At such
150
a high level of prices that had arrived in too short
100
98.00 99.35
93.30
a period, it was obvious for it to attract selling in
50
the nature of profit-booking. The share therefore
25.65
corrected upto a low of Rs 520.00 but once again
0
08
09 J O 10 J N11M O 12 J O 13 J N14M
SMART
INVESTMENT
started rising and reached a high of Rs 657.90 before closing at Rs 648.96 as on Friday of the last
week. Thus it has indicated a fresh upward move that might take it further up in near future. The
share is therefore suggested to be picked up for short to medium-term investing.
Hitachi Home Appliances :- Hitachi
ST.BANK BIKA-Dly .05/02/14-18/07/14 B-501061
TREND
Price E M A(15) E M A(30) E M A(60)
Home Appliances Comapany, as evident
F 18/07/14
from its name, is a very well-known Japa660.00
O 614.00
650
nese company that manufactures Hitachi
H 657.90
L 609.00
brand home appliances that enjoy high cus600
C 646.95
tomer preferences. The share of this comV 45839
550
V 290.39
pany had plunged to a low of Rs 25.65 in
E 593.27
520.00
E 564.82
March-April, 2009, when the markets entered
500
E 512.45
a fresh wave of buoyancy after a massive
450
drop from unprecedented high level of prices
400
in early 2008. After having bottomed out at
Rs 25.65, the share swiftly jumped upto a
350
high of Rs 402.00 and then corrected upto a
300
low of Rs 93.30 in fag-end of the year 2011.
281.90
250
14 M
A
M
J
J
Thereafter, the share formed two more and
successively higher bottoms at Rs 98.00 and
Rs 99.35, respectively and thus a tripple bottom pattern was formed which ultimately helped itto
jump up in the last three months when the market conditions also turned supportive. The share in
the last week scaled to a high of Rs 364.90 before closing at Rs 359.20 at which level it still is a
good buy as it is headed upwards in line with the general uptrend in the markets.
TIPS OF THE WEEK
BUY.... BUY....BUY
Co. Name
J. B. Chemicals
Prism Cement
Ashoka Build.
Noida toll
Greaves Cotton
Jenburkt Ph.
L & T Fin.
Crompton Gr.
Federal Bank
Control Print
KNR Const.
Adani Ports
Code
506943
500338
533271
532481
501455
524731
533519
500093
500469
522295
532942
532921
Price
162.00
73.00
152.00
32.00
117.00
187.00
74.00
210.00
126.00
118.00
218.00
287.00
Co. Name
Indian Hume
Garware Wall
Sadbhav Engg.
Lypsa Gems
Everest Ind.
Tech Mah.
Persistent Sys.
Gruh Fin.
Dredging corp.
Wipro
Bajaj Fin.
TTK Prestige
Code
504741
509557
532710
534532
508906
532755
533179
511288
523618
507685
500034
517506
Price
245.00
117.00
221.00
172.00
237.00
2121.00
1331.00
218.00
478.00
547.00
2188.00
3589.00
SMART
INVESTMENT
Stock Wave
10
Sarvesh Ashok Trivedi

(Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Script based improvement likely

BSE Index (25641.50) :- The index is witnessing rebounding surge after coming down to
24892 from top of 26190.44. It shows neutral position on daily basis, overbought to neutral position on weekly basis and overbought position on monthly basis. On upward movement, beyond
25780 it may go up to 25870, 25950 and 26190. On downward movement, below 25530 if it
plunges below 25440 then it is weak market sign.
Nifty Future (7669.35) :- Having coming down to 7445, it is moving up. It shows neutral
position on daily basis, overbought to neutral position on weekly basis and overbought position on
monthly basis. On upward movement, beyond 7705 it may go up to 7730, 7775 with resisting level
at 7818. On downward movement, below 7655 it may go down to 7635 and 7615 level shows
weak market.
Bank Nifty Future (15415.80) :- It has spurt from bottom of 14405.30. It shows neutral
position on daily basis, overbought to neutral position on weekly basis and overbought position on
monthly basis. On upward movement, beyond 15500, it may go up to 15590, 15670, 15750 and
15830. On downward movement, below 15360 it may go down to 15250, 15110 and further downward movement shows weak market.
Tata Steel (563.00)
:- After reaching 492.25 on downward movement, it has moved up

rapidly. It shows neutral position on daily basis, overbought to neutral position on weekly basis
and overbought position on monthly basis. On upward movement, it may be in range of 565 to 570
with resisting level at 580 and beyond that it could move up to 595. On downward movement,
below 540 it may get support at 525. It may be in range of 650 to 670.
Reliance Ind (976.75) :- From top of 1145.85, the stock prices are coming down. It shows
oversold position on monthly and weekly basis, while overbought to neutral position on monthly
basis. On downward movement, below 965 it may get panic support at 952. On upward movement, beyond 998 it may go up to 1010 with important resisting level at 1020 to 1037.
Jindal Steel and Power (296.85)
:- After reaching 276.90, it is moving up. It shows

neutral position on daily basis, while toward oversold on weekly and toward overbought on monthly
basis. On downward movement, below 285 it may get support at 276. On upward movement,
beyond 308 it may go up to 215, 323 and 330.
Grasim (3337.10) :- It has spurt after reaching to 3155. It shows neutral position on daily
basis, while toward oversold on weekly and toward overbought on monthly basis. On downward
movement, below 3330 it may get support at 3255. On upward movement, beyond 3415 it may go
up to 3490, 3570 and 3630.
Golden quote :- A Family can devlop only

with a loving woman as its center
SMART
INVESTMENT
11
Best Buy
Dilip Davda
e-mail
dilip_davda@rediffmail.com
Experts Eye
Albert David,
Lakshmi Vilas Bank,
Vakrangee Software
A positive week following budget week

Having lost heavily in the budget week, market started the week on a cautious note but managed to gain from second session onwards as WPI and CPI inflation cooled down to recent new
lows and RBI announced guidelines for NBFCs for banking license that boosted the sentiment.
Albeit profit booking was also on for heavy weights and some mid and small cap counters. Banking, Infra counters met with informed buying. On last day IT counters took the lead for rally. Thus
a week following budget week turned positive one. Thus during the week S&P BSE Sensex and
NSE Nifty moved in the range of 25713.40 -24892.00 and 7685.00 -7422.15 respectively.
Secondary Market :- After starting on a cautious note on Monday indices moved in a trading
zone to close in red. BSE Sensex lost 17.37 points to close at 25006.98 and NSE Nifty marked
deficit of mere 5.45 points to end the day at 7454.15. With high volatile trades, markets remained
flat and closed in red. While Metal, Banking, Capital Goods and Power counters gained, Pharma
and IT counters eased on profit bookings at higher level. Improved IIP and lower WPI for a while,
failed to boost the market sentiment. Mid and Small cap counters eased on profit bookings amidst
Q1 result season. FII turned net seller in cash. Oasis Tradelink and Bansal Roofing got listed on
BSE SME and quoted above offer price to save the day for SME IPOs. While Oasis gained above
10% Bansal closed with a mere gain.
On Tuesday markets opened higher with a gap and gained momentum with some cheering
news for corporate. BSE Sensex scored 221.67 points to end the day at 25228.65 and NSE Nifty
gained 72.50 points to close at 7526.65. Cooled down WPI and CPI gave boost to the ailing
sentiment. Banking counters lead the rally and got support from Auto, R-ADAG group, Power and
Capital Goods counters. Mid and Small cap counters too gained on renewed support. FII turned
net buyers. Eased Crude prices fuelled Oil and Gas counters too. Shrenuj & Co turned ex-bonus
(1 for 1).
Ex-Bonus
Shrenuj & Co (1 for 1)
Kavita Fabrics (2 for 1).
Dividends announced
Bharti Infratel (45%),
RS Soft (10%), TCS
(500% + 4000%),
CRISIL (300%), Clariant
Chem (390%), DHP India (15%), Supreme
Petro (15%)
Lakshmi Vilas Bank
announced rights in the
ratio of 5 shares for
every 6 shares held at a
price of Rs. 50 P/share
On Wednesday too markets opened on a firm note and maintained

tempo of gain as the day progressed. BSE Sensex gained 321.07 points
to close at 25549.72 and NSE Nifty too mirrored the similar sentiment
with a rise of 97.75 points to end the day at 7624.40. RBI easing finance raising for banks for infra funding boosted the sentiment. China
posting 7.5% growth in GDP boosted metal counters. Banking counters
lead the rally and got support from Realty, Infra, Metal, Auto, Power
and Capital Goods. Mid and Small cap counters gained on all out buying. Lakshmi Vilas Bank announced rights in the ratio of 5 shares for
every 6 shares held at a price of Rs. 50 per share.
Tracking poor global cues, our markets opened on a poor note on
Thursday and after moving in a range bound trades, managed to close
flat but in green. BSE Sensex scored just 11.44 points to end the day at
25561.16 and NSE Nifty gained 16.05 points to close at 7640.45. Markets moved in a trading zone to close flat in green. Select heavy weight
witnessed profit booking while Mid and Small cap counters gained on
bulls' chase. Metal counters gained and got support from Capital Goods
SMART
INVESTMENT
12
and Power sector. Consumer Durables and Healthcare counters too witnessed informed buying.
FII turned aggressive buyers with over Rs. 1912 crore net buy in cash.
Tracking weak Asian clues, our markets opened flat but in red on Friday, after range bound
movement, indices finally closed in green with marginal gains. BSE Sensex gained 80.40 points to
close at 25641.56 and NSE Nifty scored 23.45 points to end the day at 7663.90. Better than
expected results from TCS boosted sentiments for IT counters that lead the rally. It got support
from Teck, Banking and Capital Goods counters. Profit booking on Power, Realty and Metal kept
the rising under check. RBI announcing guidelines for NBFCs for banking license boosted sentiment for counters like Manappuram Finance, Muthoot Finance, Reliance Cap etc. Kavita Fabrics
turned ex-bonus (2 for 1).
The following week after the budget week posted gaining momentum. BSE Sensex and NSE
Nifty marked net weekly rise of 617.21 and 204.30 points respectively.
By the week end, Rupee eased to Rs. 60.30 a dollar and Crude firmed up after cooling down as
Ukrain issue again raised concern. Now that Q1 number season will be at its peak, market is
posed for a stock specific mode for a while. Global cues will keep its tab on the general sentiment
as usual. Under the given circumstances, S&P BSE Sensex may move between 24000-26350
and NSE Nifty in the range of 7250-7800.
Indian Info has convened bonus meet on 21.07.14. Llypsa Gems has called board meeting on
11.08.14 to consider bonus issue.
Scrip Watch :- The following scrip are worth adding for medium to long term rewards.
Albert David (BSE Code: 524075) :- This pharma company has posted net
profit of Rs. 12.57 crore on a turnover of Rs. 291.48 crore for the fiscal 2013-14 against net profit
of Rs. 8.56 crore on a turnover of Rs. 264.17 crore for corresponding previous period. Following
improved performance, it has hiked the dividend to 50%. As on 31.03.14 equity capital of Rs. 5.70
crore is supported by free reserves of Rs. 84 crore plus, making it a bonus candidate as well. Scrip
is worth accumulating at every decline. It quotes around Rs. 163.00 against 52 week High/Low of
Rs. 181/80, FV Rs. 10.
Lakshmi Vilas Bank (BSE Code: 534690) :- This south based sched-
uled bank has posted a net profit of Rs. 28.16 crore on a income of Rs. 587.12 crore for the first
quarter of current fiscal against net profit of Rs. 25.35 crore on a income of Rs. 532.45 crore for
corresponding previous year. The bank has announced liberal rights issue in the ratio of 5 shares
for every 6 shares at a fixed price of Rs. 50 per share that is scheduled for August 2014. As on
30.06.14 its equity capital of Rs. 97.56 crore is supported by free reserves of Rs. 905 crore plus.
Scrip is worth accumulating at every decline on cum right basis for medium to long term gains. It is
hovering around Rs. 107.80 against 52 week High/Low of Rs. 115/58, FV Rs.10.
Vakrangee (BSE Code: 511431) :-
This E-Governance solutions providing

company has posted a net profit of Rs. 76.30 crore on a turnover of Rs. 680.87 crore for Q1 of
current fiscal against net profit of Rs. 33.09 crore on a turnover of Rs. 401.95 crore for corresponding previous period. For 2013-14 it earned net profit of Rs. 199.00 crore on a turnover of Rs.
1965.39 crore. As on 30.06.14 its equity capital of Rs. 50.35 crore is supported by free reserves of
Rs. 728 crore plus. Scrip is worth considering at every decline for medium to long term rewards. It
is hovering around Rs. 138.25 against 52 week High/Low of Rs. 143/43, FV Re.1.
[Disclaimer: The author holds 25 shares of Albert and 1200 of LVB since long and will
continue to hold]. (Email: dilip_davda@rediffmail.com)
SMART
INVESTMENT
13
Market Tips
Garware-Wall Ropes (Rs. 117.00) (Code : 509557) : Garware-Wall Ropes (GRWL)
provides customised solutions to the domestic and global cordage and infrastructure industry.
This pioneer company in the synthetic cordage industry in India is also the worlds largest producer of polymer cordages. Customers are spread across 75 countries. An extensive range of
polymers are used to provide application focused solutions for customers around the world in the
fishing, mooring, sports, habitat, infrastructure, geo-synthetics, agriculture, defence and transportation sectors. Of the total turnover, about 50-55% constitute exports, which are predominately
from the fishing, aquaculture and sports segments. The aim is to increase exports to about 65% of
turnover in the next couple of years. Sports is another segment with enormous potential for sport
nets in tennis, cricket, golf, soccer, hockey, basket ball, volleyball, badminton, ski, and beach
volleyball. GRWL has bout 25% market share in the US sports net market. This business is growing at much faster rate than other businesses. Garware is expected to register sales of Rs 797.68
crore and net profit of Rs 34.33 crore in FY 2015. EPS works out to 15.7. The share price trades
at Rs 104. P/E is 6.6. Buy.
TTK Prestige (Rs. 3859.00) (Code : 517506) : TTK Prestige Ltd shares gained a bit
last week after the June quarter earnings showed an improvement in net sales, especially in the
cookware segment, after two consecutive quarters of decline. Net sales grew 9.8% to Rs.344
crore on the back of strong volume growth as the company did not raise prices. The cookers and
cookware segment which contributes around 56% of the overall sales clocked revenue growth of
13% and 17%, respectively in the June quarter. A foreign brokerage has stated that TTKs Q1
June 2014 was a turning point and it is poised for a strong recovery in the second half (H2) of the
financial year ending March 2015. It added that ramping up of exports and launch of 40-45 new
stock keeping units (SKUs) in FY 2015 (estimate) will add to TTK's business.In the last three
months the stock rallied 15% on signs of a pick-up in the discretionary spending and hopes of
stabilization in the demand from the southern region.In the coming months, the management is
looking at raising prices to pass on the increase in aluminium prices. The stock is worth accumulating at every decline.
Kotak Mahindra Bank (Rs. 935.00) (Code : 500247)
: Kotak Mahindra Bank

stock seen very sharp jump last week on reports that the company's board is raising foreign
institutional investment limit to 40%. Kotak Mahindra Bank announced that the board of directors
of the bank at its meeting held on 16 July 2014, increased the ceiling limit for investment by foreign
institutional investors (FIIs)/ sub-accounts of FIIs, foreign portfolio investors (FPIs) and qualified
foreign investors (QFIs) in the share capital of the bank, through primary or secondary route to
40% with immediate effect after the shareholders of the bank at the annual general meeting held
earlier during the day approved increase in ceiling limit.The total shareholding of FIIs/FPIs and
QFIs in the bank stood at 33.57% as on 15 July 2014. Kotak Mahindra Bank's net profit rose
6.69% to Rs 429.80 crore on 1.27% growth in total income to Rs 2686.11 crore in Q1 June 2014
over Q1 June 2013. The Q1 result was announced during market hours on Wednesday, 16 July
2014.
SMART
INVESTMENT
14
scrip watch
Bajaj Finance (Rs. 2188.00) (Code : 500034) : Good growth in loans to both SMEs
and consumers helped Bajaj Finance post a net profit of Rs.211 crore during the quarter ended
June 30, 2014, against Rs.176 crore in the same period last year. This translates to a rise of 20
per cent year-on-year. Total income in the two quarters being compared was Rs.1,246 crore and
Rs.932 crore. During Q1 FY15, Bajaj Finance acquired 12.5 lakh customers against 9.7 lakh
customers in Q1, a growth of 29 per cent. Gross and net NPAs stood at 1.13 per cent and 0.27 per
cent, respectively, and the provisioning coverage ratio stood at 76 per cent at the end of June
2014. Bajaj Finance offers secured and unsecured loan. The company provides two-and-three
wheeler loan, consumer durable loan, personal loans, loan against property, small business loans,
construction equipment loan and loan against securities.The large-cap company has equity capital of Rs 50.14 crore. Face value per share is Rs 10.
Hindalco (Rs. 184.00) (Code : 500440) : Hindalco Industries, an Aditya Birla Group
company, plans to raise Rs.5,000 crore through qualified institutional placement. The decision
was taken at the board meeting held on Friday. The fund raising would be through issuance of
securities, including equity shares or equity-linked securities, including through a QIP or issuance
of equity shares through convertible bonds or depository receipts. The company has called a
meeting of its members on August 14, to approve the fund raising plan.The company has completed all its greenfield projects, Aditya Aluminium, Mahan Aluminium and alumina refinery Utkal
Alumina. All these projects are ramping up their capacity utilisation and are expected to add to the
companys profitability.The total aluminium production would go up to 7.2 lakh tonnes from six
lakh tonnes, when all the three projects at Utkal, Mahan and Aditya Aluminium in Odisha ramp up
to their full capacity by the end of this fiscal. Mahan and Aditya Aluminium would produce 3.6 lakh
tonnes each a year, while Utkal Alumina in Odisha with a capacity of 10 lakh tonnes would feed
the key raw material to both these projects. Hindalco stock has seen sharp run up in last couple of
months. Still, valuations are very attractive even at this level. Buy.
Mphasis (Rs. 457.00) (Code : 526299) : Shares of Mphasis spiked as much as 8.3
percent intraday Tuesday after CNBC-TV18 reported quoting unnamed sources that Tech Mahindra
is eyeing promoter Hewlett Packard's 60.49 percent stake in the company. It is learnt that Mahindra
and Mahindra group company has initiated exploratory talks with respect to HP's Mphasis stake.
PE player Carlyle is also a likely contender for Mphasis, say sources. Tech Mahindra, HP and
Mphasis declined to comment on the issue. Earlier, on July 2, media report suggested that promoter company Hewlett-Packard (HP) hired UBS to manage stake sale in the company. HP is the
largest client of the company and contributes 40 percent of its revenues. The US-headquartered
technology major's stake in Mphasis is valued at more than Rs 5,500 crore at current market price.
For the year ended October 2013, the company had reported profit of Rs 743.80 crore on revenues of Rs 5,796.30 crore while for five months ended March 2014, its profit stood at Rs 302.68
crore on revenues of Rs 2593.83 crore. The stock has got momentum. Buy for short term.
SMART
INVESTMENT
15
SMART TIPS
Shakti Pumps (Rs. 207.00) (Code: 531431)
:- The shares of this B Group listed

industrial machinery manufacturer have a face-value of Rs. 10. The company derives 70% of its
income through exports. The company's sales of stainless steel pumps are growing at a fast pace
as it is offering the product at 60 to 65% discount as compared to its competitors. The company is
adding 35 new products every year. It has a team of 150 engineers and is spending heavily on R
& D. The demand for solar and sewage water pumps has been on the rise from some time. The
company will also benefit from the central government's missions on clean energy and Ganga
river. Solar pumps, which are subsidised by the central government, account for 15% of company's
total sales. For the June quarter, company has registered turnover of Rs. 70 crores, net profit of
Rs. 8 crores, and EPS of Rs. 4.46. For 2013-14, its turnover was Rs. 307 crores, profit was Rs.
26.51 crores and EPS stood at Rs. 17.39. While rival companies' shares are quoting at a PE
multiple of 32, the company's shares are quoting at a PE of only 11 and are attractively priced.
Jay Bharat Maruti (Rs. 90.00) (Code: 520066) :- The shares of this auto parts
manufacturer are listed in the T Group and have a face-value of Rs. 5. The company manufactures components for seat metal, welded assembling, exhaust system, fuel filters, and chassis.
The company has four manufacturing plants in NCR region in Gurgaon, Manesar and Baawal,
having capacity of 1,20,000 parts and assembling. The company has technical tie-up with Japan's
Hamamatsu Pipe Co., Futaba Ind., Daiwa Excel, Kokoma Co. Ltd., Yorozu Corp and other companies. Maruti Suzuki has 29% and Suzuki Corp holds 58.2% stake in the company. The company's
profit in the first quarter of 2015 has jumped by 33% to Rs. 6.8 crores. The sales were up by 10.4%
to Rs. 292 crores. For FY 2014, company's net profit was up by 17% to Rs. 25.2 crores, and sales
were up 3% to Rs. 1,139 crores. The company will benefit from the new car proposed to be
launched by Maruti Suzuki. It will also benefit from the relief for auto sector and other measures
announced in the budget. The stock is quoting at only 5.5 times the estimated earnings of Rs. 15.5
per share for the current year, and can cross the Rs. 100 mark to touch new highs.
Time Techno (Rs. 50.00) (Code: 532856) :- The shares of this B Group company
have face-value of Re. 1. The company's portfolio includes industrial packaging solutions, lifestyle
products, automotive components, HC product, and infra-construction related products. Time
Techno has 40 manufacturing facilities across the world. For the March 2014 quarter, company
registered turnover of Rs. 617 crores and net profit of Rs. 31.79 crores on a consolidated basis. It
had other income of Rs. 4.80 crores. The company's equity is Rs. 21.04 crores, net-worth Rs. 701
crores, market cap Rs. 1,076 crores, and book-value is Rs. 37. For financial year2015, its turnover is expected to grow at 15% and profit is likely to rise by 9%. Trading at a PE multiple of only
11.29, the stock can give 25 to 30% returns in four to six months.
Sundaram Fasteners (Rs. 113) (Code: 500403) :- This B group listed auto parts
equipment manufacturer's shares have face-value of Re. 1. The share touched a high of Rs. 118
and a low of Rs. 30. Headquartered in Chennai, it is a part of the TVS group. The company's
products include high tensile fasteners, radiator, powder metal parts, pumps, engine pumps, and
others. The company invested Rs. 150 crores towards capex in 2014 and is likely to invest further
Rs. 150 crores to fulfil existing orders. For the March 2014 quarter, company registered turnover
of Rs. 521 crores, net profit of Rs. 24.75 crores, and EPS of Rs. 1.3. Promoter holding in the
company is 49.53%, domestic funds hold 20.12%, and others hold 29.08%. Company's equity is
Rs. 21.01 crores, net-worth Rs. 695 crores, market cap Rs. 2,410 crores, and book-value is Rs.
39. Quoting at a PE multiple of 17.6, the stock is available at 50% discount to its competitors. It
can give short term returns of 25 to 30%.
SMART
INVESTMENT
16
Smart super duper

Crompton Greaves (Rs. 210.00) (Code: 500093) :- Announcement about demerger
of a division has resulted into current in the stock prices. It has crossed Rs200 level. The stock
prices had lowered to Rs72 at one point of time but following buyback offer and pre-post election
bullish trend favoured the stock. The company's margins have remained poor for couple of weeks
and profit is declining but it expects the results to improve. As against equity of Rs128.30 crore,
the company's reserves stand at Rs3433.22 crore. The last two quarters have been fruitful for the
company. In March quarter, the company's income increased from Rs3387.30 crore to Rs3766.48
crore, while profit increased from Rs25.27 crore to Rs63.82 crore. The stock seems to be costly
from valuation point of view but riding on positive sentiments it may cross Rs250 level.
Federal Bank (Rs. 125.00) (Code: 500469) :- The banking stock has been converted from face value of Rs10 a share to five shares with face value of Rs2 a share. In June
quarter, the bank's income increased from Rs1653.26 crore to Rs1771.50 crore, while profit increased from Rs105.66 crore to Rs220.23 crore with EPS of Rs2.57. The bank had achieved EPS
of Rs9.81 at end of financial year 2014. The company's equity is Rs171.07 crore. The bank has
branch network of 1365 branches. It has witnessed sharp fall in its gross NPA. The FIIs hold
28.81% stake in the bank, while DIIs hold 25.50% and public holds 35.69%. The company's
market capital is 10750 at current valuation. The stock is being quoted at lower valuation compared to its peers and after robust results in June quarter the stock is likely to cross Rs150 in short
time. The bank is looking for expansion which will improve its CASA.
IDFC (Rs. 164.00) (Code: 532659) :- The stock has become a star performer after
budget. The stock prices went up to Rs235 in 2008, when the company recorded income of
Rs2795.13 crore and profit of Rs742.15 crore with achieving EPS of 5.95 on equity of Rs1294.30
crore. The stock is being traded around Rs150. In FY2014, the company recorded profit of
Rs1802.66 crore on income of Rs8772 crore with EPS of Rs11.89 on equity of Rs1516.29 crore.
Thus, when the stock was at the highest price points its income and profit were lower, but currently
it is being traded at lower price. This is indication enough for the investors to park their money in it.
Moreover, the company is also planning to come up with infrastructure bonds. When the government is planning to invest huge money in infrastructure using public private partnership model, the
company's loan book may witness sharp rise in coming days. The company's asset management
company is also likely to perform well riding on bullish trend in the stock market. The company has
also obtained banking license. It is all set for giving long term investment. The stock is likely to
cross Rs200 market in near future.
Financial Weekl
y
eekly
Every Wednesday
English & Gujarati Edition
Gujarati Edition
SMART
INVESTMENT
17
NIKHIL BHATT
(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 21-7-2014 to 25-7-2014
Nifty F&O Range

@ 7560 to 7777 point in short term
Dear Friends,
NIFTY FO CLOSED @ 7668 AS ON 18.07.2014..!! NIFTY FO has resistance at 7703 - 7717
Level; above which other resistance levels are at 7733 - 7750 Level with highly Volatile Trend, In
Downside support levels are at 7613 - 7603 Level; below 7600 Level, other support levels are at
7580 - 7560 Levels. I am positive for next week above 7750 Level but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls
only...and it's still a better strategy in the given Scenario...!!! Regarding long term positions, it is
preferable to remain cautious now...!!
If NIFTY crosses 7757 Level, again then the upper side target is quite high
and it may touch 7777 Level in short term...!!!
Golden Stocks for the Period of 21-7-2014 to 25-7-2014
1. Maruti (2517) : It is suggested to buy @ Rs 2503 with SL of Rs 2488 for the target of Rs
2547 - 2560; below Rs2488 it can fall up to RS 2473 - 2460 levels. If it crosses Rs 2560 level than
expect nonstop rally up to Rs 2575...!!
2. BINNY (164) : Operator based Game start in this stock, Buy @ Rs 157 With SL of Rs 151
for the target of Rs 177 - 191 level below Rs 151 it can show further downfall up to Rs 141!!!
3. Ledo Tea (92) : Buy delivery of this stock near @ Rs 86 with SL of Rs 81 for the target
of Rs 106 - 114 level. It is very good for medium term position also!!!
4. Bajaj Steel (229) : This stock is looking very good to buy @ Rs 213 with SL of Rs 203
for the target of Rs 239 - 242 Levels below Rs 203 is stock shall witness free fall!!!
5. INDIAN Terrin (196) : Buy @ Rs 191 levels considering minor support of Rs 186 and
stop loss of Rs 181 for an upper target of Rs 209 - 213 levels. Below Rs 181 it can slip up to RS
176 - 171 levels!!!
6. REL Infra (764) : Operator based buying has been there in this stock. Buy @ Rs 747
with SL of Rs 729 for the target of Rs 783 - 793 levels it is very good for long term position also!!!
7. Elder Pharma (201) : Trading point of view BUY @ Rs 193 With SL of Rs 186 for the
target of Rs 219 - 224 level below Rs 186 It can show further downfall up to Rs 176..!!!
8. INANI Marbles (153) : For medium term buying is suggested @ Rs 144 with SL of Rs
139 for the target of Rs 162 - 171 level. Below Rs 139 it can show further downfall!!!
9. ICICI BANK (1477)
: It is suggested to SELL with SL of Rs 1499 for the target of Rs

1460 - 1444 below @ Rs 1444 it can slip up to Rs 1430 - 1419 level. Above Rs 1503 level will take
the stock to Rs 1515 - 1520!!!
SMART
INVESTMENT
Investment Ideas
18
- Pratit Patel (9998881112)

www.dkwealthadvisory.com
7731 will act as hurdle

While 7595 will act as support
NIFTY (7663) :- For next week NIFTY has strong support at 7595 level, below this level will
create panic up to 7530----7460 levels. On the upper side NIFTY will face resistance at 7731
levels, cross over & close above will take it to 7809 level.
IDEA (138.35) :- Stock is looking explosive and also looking hot on chart & rally will continue in
coming days. One can buy this stock on dips around 137 keeping stop loss of 133. On the upper
side stock will zoom up to 141 levels, cross over will take it to 149----153 levels in coming days
EXIDE IND (159.70) :- Stock is looking hot on chart and one can buy this stock on every decline
around Rs.157 keeping stop loss of 153. On the upper side stock will zoom up to 166 level, cross
over will take it to 175 levels in coming days
PETRONET LNG (186) :- Stock is looking hot on chart and one can buy this stock on every
decline around Rs.183 keeping stop loss of 175. On the upper side stock will zoom up to 189.5
level, cross over will take it to 195---201 levels in coming days
HOT INVESTMENT IDEAS
PODDAR PIGMENTS LTD (524570) (98.50)
Jaipur Based PPL is engaged in production of MasterBatches which are used for coloring effect
by Textile industry and Plastic industry. PPL is consistent track-record and promoters have never
resorted to any excuses (global slowdown etc). Management appears cost-effective and focussed.
Even during slowdown and bad times, PPL continued to report normal profits. PPL has installed
capacity of 12000 tonnes and plant is running at full capacity.
Company has equity of Rs.10.61crore while it has huge reserve of around Rs.71.23crore. It has
a share book value of Rs.79.77. It has reported strong number in Q1FY15, wherein PAT zoomed
34.12% to Rs.3.97crore against profit of Rs.2.96crore in FY13. Scrip is available at just 6xFY15
EPS. It is regular dividend paying company & It has declares 22.5% dividend for FY14. Investors
can buy this stock with stop loss of Rs.85. On the upper side stock will zoom up to Rs.125 levels
in medium term while zoomed to Rs.160 levels in long term.
SMART
INVESTMENT
19
A.J. Diwan (Mumbai)

E-mail : divanconsultancy@rediffmail.com
After budget now corporate results.

Budget is coming and all over. After initial decline market started again up trend
note all eyes on corporate results. Infosys and TCS both came out with results above market
expectations. in days to come we feel that TCS may over shadow Infosys.
Now it's time for reliance to announce results. There is belief in the market that reliance may not
come out with good results to show effect of gas price increased not given. The company is paying
huge penalty for less production of gas.
On Friday all world markets were down due plane shutdown. Our market did take support from
lower level. Sensex went up almost 200 points front the low of the day. Even market breath was
positive.
Nifty is at 7663. Market is expected to be highly Volatile, So 7625 and 7550 are support levels
and resistance is at 7700 which is psychological mark.
Pre opening has basically no connection with opening of the market. Sometimes we see nifty
down by 160 points and sensex up by 50 points. Authority should look at this.
As per report coal is in short supply. How we can expect industrial growth? On Friday almost all
power shares declined.ntpc looks good short if situation remains the same.
Pharma shares are in demand and particularly CIPLA. Buy on decline.
Rbi announced opening of small banks without all functions of banks. Who is interested in such
bank? If reliance capital has gone up due to that than its wrong.
Zee Enter has come out with bad results. We feel that investors should get out of it.
Realty shares were down on Friday almost all shares declined by 2% DLF looks weak on rise.
Despite FII fund flow rupee is going weak is surprising and give us caution signal.
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SMART
INVESTMENT
Primary Market
20
Dilip K. Shah
The government is setting stage for disinvestment of Sail, ONGC, REC, PFC and NHPC
Disinvestment process may start with ONGC's $3bn issue
This week one SME and three NCDs issues are in the market
Bhandari Infracon's BSE SME IPO to enter into market on July 20

Long queues of NCDs in the market like Kosamattam, Muthoot Fin, Muthoottu issues
Subsidy and gas price problems need to be resolved before ONGC disinvestmet process
The government may offer 10% discount to retail investors in the disinvestment issue
Lodha Dev is all set for Rs6000 crore IPO: will construct the world tallest building with 113 storey
Low-budget airlines Indigo appoints seven bankers for Rs2400 crore IPO
Snowman Logistics likely to come up with Rs150 crore main line IPO in last week of July
New SME IPOs :- Bhandari Infracon is coming up with an IPO next week. The real estate
company's performance is average. P/BC is too high. Considering PE of 151, the offer price of
Rs120 is costly. More details are given in a separate box.
SME-IPO Listing :- Last week two SME IPOs got listed.
Bansal Roofing (Code: 538540) :- The issue got listed on July 14 at rate of Rs31 against offer
price of Rs30 and went up to Rs32 to come down at Rs30 and ultimately closed at 30.50. The
stock closed at Rs31.10 as on Friday.
Oasis Tradelink (Code: 538547) :- The issue with offer price of Rs30 got listed on July 14 at
Rs35.90 and went up to Rs35.90, then came down to Rs34.10 and ultimately closed at Rs34.10.
KOSAMATTAM FINANCE LIMITED (CREDIT RATING : CARE BBB [Triple B Minus] by CARE)
Options
Frequency
Coupon (%)
Per Annum
Senior Citizen
Remedption Amt.
Senior Citizen
Effective Yield (%)
Senior Citizen (%)
I
Monthly
II
Cumulative
III
Monthly
IV
Cumulative
V
Monthly
11.50
12.00
1000
1000
12.13
12.68
--1132.24
1137.78
12.00
12.50
12.00
12.50
1000
1000
12.68
13.24
--1193.24
1201.21
12.50
13.00
12.50
13.00
1000
1000
13.24
13.80
VI
VII
Cumulative Cumulative
--1442.90
1462.14
13.00
13.50
--2000
2000
12.62
12.62
Non Convertible Debenture (NCD) Issues at a Glance

Sr Company
1.
Issue Open
Issue Close
Bond size
(Rs. Cr.)
Offer price
(Rs.)
Min.
App.
Listing
Rating
Muthoot
Fin Corp.
3-7-2014
Rs. 200 Cr.
1,000/-
10 NCDs
NSE
A/Negative
4-8-2014
(100 Cr. + Retain 100 Cr.)
(Rs.10,000)
BSE
by CRISIL
Muthoottu
Mini
Financiers
Kosamattam
Finance
11-7-2014
10 NCDs
NSE
BB+
(Rs.10,000)
BSE
(Double B Plus)
Recomm.
AVOID
(Aggregation Rs. 200 Cr.)
2.
3.
5-8-2014
Rs. 250 Cr.
1,000/-
(125 Cr. + Retain 125 Cr.)
18-7-2014
Rs. 150 Cr.
12-8-2014
(100 Cr.+Retain 50 Cr.)

(Aggregating Rs. 150 Cr.)
RISKY
by IND - RA
(Aggregation Rs. 250 Cr.)
1,000/-
10 NCDs
(Rs.10,000)
BSE
BBB- by CARE
AVOID
SMART
INVESTMENT
21
On Friday it closed at Rs30.75.

NCDs issues:-
Date : 18-7-2014
Issue Size = 1000000 (100%)
BSE + NSE Quantity
= 97190 (9.72 %)
18-7-2014
Category
Qty.
Series1
2,01,339
Series2
2,68,894
Series3
2,44,079
Series4
31,512
Series5
1,28,846
Series6
2,13,750
Total
10,88,420
Date : 18-7-2014
Issue Size = 1250000 (100%)
BSE + NSE Quantity
= 1088420 (87.07 %)
Category
Qty.
Series1
2,34,442
Series10
2,725
Series2
4,36,791
Series3
2,811
Series4
5,70,231
Series5
4,43,347
Series6
3,060
Series7
68,217
Series8
32,876
Series9
79,678
Total
18,74,178
Date : 18-7-2014
Issue Size = 10,00,000 (100%)
BSE + NSE Quantity
= 1874178 (187.42%)
Muthoot Fincorp.
Subscription Figure
18-7-2014
Category
Qty.
Series1
3,110
Series2
12,571
Series3
17,495
Series4
24,122
Series5
20,721
Series6
11,591
Series7
7,580
Total
97,190
Muthoottu Mini
Fin. Subscribed
Kosamattam
Finance Limited
Kosmattam Fin. :- One more company from Kerala is coming up with NDCs issue. It is reentering into the market. It has offered attractive coupon rates in Rs150 crore issue. However,
poor rating from CARE and huge debt are negative aspects of this issue. The company's debt is
seven times compared to its networth, so it is dangerous issue. More details are given in a sepa-
Kosamattam Finance NCD Issue opened on 18th July 2014

Coupon rates are higher but
Due to poor rating & high debt better to avoid
This finance sector company from Kerala and registered as NBFC (Non Banking Finance
Company), FFMC (Full -Fledged Money Changer) and Depository Participant is once again
coming out with NCD offer to raise Rs. 150 crore. The base size of the issue is Rs. 100 crore and
has permission to retain oversubscription to the tune of Rs. 50 crore making the total issue size
Rs. 150 crore.
The company is coming out with a Secured, redeemable Non-Convertible Debentures having
a face value of Rs. 1000 and coupon rates of 11.50%-12% and tenure of 400 days to 70 months.
It offers Monthly and Cumulative payment options bearing yield of 12% to 13.80%. Minimum
application is to be made for 10 NCDs (i.e. Rs. 10000) and in multiple of 1 NCD thereon, thereafter. The issue opens for subscription on 18.07.14 and will close on or before 12.08.14. Issue is
rated by CARE as CARE /BBB- indicating at moderate degree of safety regarding timely servicing of financial obligations. Such instruments also carry moderate credit risk. As on 31.03.2014
the company's net worth is Rs. 174 crore and its total debt were to the tune of Rs. 1199 crore.
Issue is lead managed by Vivro Financial Services Pvt Ltd and Karvy Computershare Pvt Ltd
is the registrar to the issue. IL&FS Trust Company Ltd is the Debenture Trustee.
Considering poor rating and higher debt of the company, this issue is not worth for investment.
Remarks: Not Worth, although the coupon rates are higher.

- By Dilip Davda
SMART
INVESTMENT
22
rate box. The issue got 9.72% subscription on opening date of July 18. It has obtain permission to
retain Rs150 crore in issue of Rs100 crore.
Muthoot Fin. Corp :- In the issue that opened on July 3, the company has got approvals for
retaining Rs200 crore in Rs100 crore issue. The issue has got 187% subscription till now and it
Forth Coming IPO

RSP Filled with Sebi
Company
Issue Size
(Rs. in Cr.) (E)
Lavasa Corporation
750
INOX Wind
700
Adlabs Entertainment
500
Great Eastern Energy
300
Jyoti CNC
240
Intas Pharma
225
Advanced Enzyme Tech
200
Snowman Logistics
150
Shemaroo Enter.
120
Sharda Cropchem
022
Forth Coming IPO

(Announced in Jan - 2014)
Company
Issue Size
(Rs. in Cr.) (E)
Hindustan Clean Energy
5900
Viom Networks
2000
GMR Energy
1450
BSE
1000
ORTEL Communication
1000
Devyani International
750
Bharat Business Chennal 7000
Central Depositery Ser.
700
BSCPL Infra
650
Amalgamated bean Coffee 600
needs only 13% more subscription. So it

may close ahead of its scheduled closing
date of August 4.
Muthoottu Mini Financiers :- The company has obtained permission to retain
Rs250 crore in original issue of Rs125 crore.
As on July 18, it has received only 87% subscription and needs 113% more subscrip-
Bhanderi Infracon SME IPO Opens on 22nd July & Closes on 25th July 2014
Offer price fixed at Rs. 120 ; Listing on BSE SME Platform
This IPO is exorbitantly price just avoid this costly issue
Time and again, SME IPO only breaks the ice post budget. This week we have SME listing
IPO from Bhanderi Infracon Ltd. Details of the issue are as under:
Bhanderi Infracon Limited is a Real Estate Development Company, engaged in buying, selling, development, re-development of properties, investments in joint ventures, investment in
partnerships, investment in completed / partially completed / upcoming projects etc. Currently,
the company is engaged in development of Residential Flats and Bungalows under Partnership
firms, namely: Tulsi Enterprises and Dharnidhar Developers respectively.
To raise its working capital requirements and general corpus fund, the company is coming out
with an issue of 540000 equity share of Rs. 10 each at a price of Rs. 120 per share to raise Rs.
6.48 crore. Issue opens for subscription on 22.07.14 and will close on 25.07.14. Minimum application is to be made for 1200 shares and in multiples thereof, thereon. Issue is lead managed by
Choice Capital Advisors Pvt. Ltd and Purva Sharegistry (India) Pvt Ltd is the registrar to the
issue. Post allotment shares will be listed on BSE SME.
On company's performance front, it has posted an average EPS of Rs. 0.51 for last three
fiscal. For 10 months ended on 31.01.14 it has earned net profit of Rs. Rs. 0.13 crore on a
turnover of Rs. 1.06 crore. If we attribute this earnings on expanded equity of Rs. 2.02 crore post
IPO than it gives EPS of Rs. 0.79 giving P/E of 151 plus and based on its book value of Rs. 42 on
the said date, it is at a P/BV of around 3. Thus issue is exorbitantly priced. In March 2013, the
company issued bonus shares in the ratio of 104 for 1. In September 2013, it made preferential
issued of 389100 shares at a price of Rs. 125 per share to promoters that helped it to post book
value of Rs. 42.
On merchant banker's front, this is the third mandate of SME IPO from Choice Capital and has
poor track record for earlier two issues.
Remark : Just Avoid this costly issue.

- By Dilip Davda (Email: dilip_davda@rediffmail.com)
SMART
INVESTMENT
23
tion.
PSU Disinvestment :Sail :- The government plans to raise Rs1800 crore through disinvesting its stake in SAIL.
Roadshows will be organised in USA, Europe, UK, Singapore and Hong Kong in the last week of
July.
Coal (India) :- The government aims to raise Rs23000 crore through selling 10% stake. The
government will also divest NHPC's 10.96% and PFC's 5% stake in the company.
ONGC :- The government plans to divest 5% stake of ONGC to raise $3bn in September. The
government may kick off disinvestment process with ONGC rather than Sail. The government is
mulling an option of selling 42.77 crore shares (5% stake) at current market rate to raise Rs17400
crore. However, the company is not very keen on this because lower valuation taking into consideration issues regarding partnership of subsidiaries, uncertainty of gas prices and other issues.
ONGC needs to share subsidy burden in diesel, cooking gas and kerosene. The company had
paid Rs563384 crore for the same in 2013-14. Moreover, the company receives gas at rate of
Rs54.2. It has proposed the government to increase the rate but it has been put on back burner.
Moreover, decision on changing pattern of subsidy partnership pattern has also been postponed.
Main Line IPO:Lodha Developers :- Mumbai-based Lodha Developers is building world tallest residential
tower with 113 storey. It plans to come up with $100 billion means Rs6000 crore IPO.
Indigo :- The low cost airlines Indigo has appointed seven banks for $40 crore (Rs2400 crore)
IPO. The company's market cap is around $2 bn and it aims to sell around 25% stake. It accounts
for 31.7% stake in aviation market. Interestingly, it is the only aviation company which is making
profit.
SMART
INVESTMENT
Smart Best Buy
24
S. N. Zaveri
After TCS, now HCL Technologies will rally

UltraTech : Strong player among cement stocks
Diesel-Petrol Engine maker Greaves Cotton will rally
CPIL : Mark this scrip for your portfolio
Gruh Finance up on strong Q1 results
CPIL (Rs. 118.00) (Code : 522295)
: Control Print India (CPIL) manufactures noncontact type coding and marking machines based on drop-on-demand inkjet printing technology
and contact-type versatile electro-pneumatic imprinting machines in technical collaboration with
Avery Dennison, US, a Fortune-500 company. The coding and marking machines are used in
printing variable information like date of manufacture, batch number, maximum retail price, and
expiry date on packaged goods from consumer goods industries such as food, dairy and soft
drinks and industrial products including cables, pharmaceuticals, and fertilisers. CPILs sales and
profitability have been growing consistently in the past five years. While sales have increased at a
CAGR of 15% to Rs 91.06 crore in FY 2014 from Rs 46.07 crore in FY 2010, PAT was up to Rs
14.20 crore from Rs 2.03 crore. This was in spite of the Indian and global economy going through
many upheavals in this period. The company is expected to register sales of Rs 108.76 crore and
net profit of Rs 17.05 crore in FY 2015. EPS works out to Rs 16.4. The share price trades at Rs
103. P/E is to 6.3.Buy.
Gruh Finance (Rs. 218.00) (Code : 511288)
: Housing finance company Gruh

Finance reported a 24.3 percent growth in its first quarter (April-June) net profit at Rs 42 crore
compared to Rs 33.8 crore in same quarter last year supported by strong net interest income. Net
interest income, the difference between interest earned and interest expended, shot up 28.6 percent on yearly basis to Rs 86.7 crore and total income grew 31.9 percent to Rs 241.6 crore during
the same period. Asset quality improved on yearly basis. Gross non-performing assets (NPAs)
were Rs 32.48 percent (0.44 percent of loan assets) as against Rs 26.30 crore (0.46 percent) and
net NPAs were 0.04 percent of loan assets as against 0.05 percent of loan assets in June 2013.
Loan assets increased from Rs 5,727 crore to Rs 7,378 crore in June quarter. Provision jumped to
Rs 12 crore during April-June quarter from Rs 9.8 crore in same quarter last year. Buy at decline.
HCL Technologies (Rs. 1499.00) (Code : 532281) : As TCS has reported much
better than expected Q1 results last week, IT stocks are in limelight. HCL Technologies is one of
the best pick in this sector. HCLT's growth commentary continues to be optimistic led by healthy
deal signings, a large number of deals that are up for renewal in CY14, coupled with HCLT's
superior win rate in the rebid market. HCLT continues to see demand uptick in the US, Europe and
infrastructure management services (IMS). Noticeably, 38 percent of incremental revenues in
FY08-13 were contributed by IMS as its contribution as a percentage of revenues rose 14 percentage points (pp) during the same period. HCLT reported another in-line quarter helped by IMS
practice while commentary suggests demand uptick in both traditional ADM & IMS space A case
for re-rating exists as HCLT's current one-year forward PE represents modest 15 percent premium relative to its five-year (FY08-13) average (12x), despite delivering 29.1 percent earnings
SMART
INVESTMENT
25
CAGR. Buy this stock before its results come out.
UltraTech (Rs. 2548.00) (Code : 532538)
: Cement is among the few sectors to

benefit from the budget. Though there werent any specific proposals for it, the thrust given to infra
spending is a big plus for the industry.The proposal to develop 100 new satellite towns, 16 new
ports and the spending for rural infrastructure should benefit cement manufacturers. After last
years stunted demand growth of 3 per cent, the coming years should be much better for players.But
with most cement stocks having run up sharply this year investors may be better off betting on
larger cement players. In this category, UltraTech Cement seems a good buy.UltraTech added
nearly six mtpa capacity last year. These new capacities along with a large distribution network
and presence in tier II/III cities will help now. The stock is worth accumulating at this level. Buy for
next two to three years.You will get at least 30 per cent return.
Greaves Cotton (Rs. 116.00) (Code : 501455)
: Greaves Cotton manufactures

various industrial engineering products like diesel & petrol engines, gensets, agro equipment and
construction equipment. The business is operated through five main divisions - agricultural equipment, automotive, industrial engines, auxiliary power and construction equipments. In recent years,
GCL has made rapid strides in the export markets. GCL has 11 manufacturing units located all
over India, with overseas offices in UAE, Tanzania and China. The Company's manufacturing
plants are equipped with state-of-the-art production facilities, backed by in house R&D.GCL is the
market leader in the three wheeler engines market, while it gradually increases its share in the 4W
SCV market. GCL manufactures engines in the 1-4 HP range and portable gensets in the 1.4 KVA
range which are popular for agriculture applications. The company has built a strong balance
sheet, generates robust cash flows and has RoCE in excess of 20 percent. At P/E of 13.6x FY16E
EPS of Rs7.2, the stock is relatively attractive when compared with the industry leader. Buy. Buy
more at decline.
SMART
INVESTMENT
26
Dalal Street Whispers

Opto Circuits: To gain from budgetary reliefs for medical equipments
Lypsa Gems: Board meeting on August 11 to decide on bonus issue
Globus Spirits: Templeton acquires big stake at huge premium
MRPL: Turnaround results, strong buzz of merger with ONGC
Chennai Petro: Fund managers turn buyers on the counter
MTNL: Company to be revived using Gujarat model
SREI Infra: Candidate for a small bank license
India Glycols: Likelihood of stock re-rating
PTC (I): Budgetary benefits for company
Tata Tele: Vodafone eyes the company
Lypsa Gems (Rs. 172.00) (Code: 534532)
:- The company's board is meeting on

August 11 to decide on the bonus issue. Movement in the stock will go up ahead of that.
Chennai Petro (Rs. 89.00) (Code: 500110) :- Chennai Petro is a subsidiary of IOC.
The company sells 80% of its products to IOC at international prices. The company has a good
track record of paying high dividend. Fund managers are turning buyers on the counter.
India Glycols (Rs. 126.00) (Code: 500201) :- This stock is a favourite of traders. On
account of its high value business, some noted brokerage houses are bullish on the stock, and
see possibility of a re-rating.
PTC (I) Finance (Rs. 33.00) (Code: 533344) :- The company has not participated in
the recent rally, but will benefit from the measures announced for infrastructure sector in the
budget.
MRPL (Rs. 69.00) (Code: 500109) :- Promoter ONGC holds 88.5% stake in the company. The company is expected to register strong results for the first quarter to follow it up with the
turnaround results in the last quarter of previous year. There is also a strong buzz of merger with
ONGC.
MTNL (Rs. 33.00) (Code: 500108) :- The Modi government is keen to revive PSUs
using the Gujarat model. The company has several assets, which the government wants to develop.
Tata Tele (Rs. 12.00) (Code: 532371) : - Shares of Tata Group companies have risen
rapidly, but this share has not done so. Vodafone is said to be eyeing this telecom sector company, and there is likelihood of its acquisition soon.
SREI Infra (Rs. 50.00) (Code: 523756) :- Infrastructure shares have zoomed in recent times, but this share has remained range-bound. The company is said to be planning to apply
for a small bank license after RBI announced new guidelines for the same.
Opto Circuits (Rs. 35.00) (Code: 532391) :- The union budget announced several
benefits for medical equipment segment. This company is in particular expected to benefit from
the budgetary announcements.
Globus Spirit (Rs. 82.00) (Code: 533104) :- Templeton fund has acquired a big
stake in this liquor sector company at a huge premium. There is likelihood of acquisition and
consolidation by this company in the coming days.
SMART
INVESTMENT
27
High Risk High Return Shares

Wipro: Strategic partnership with Canadian company to have positive impact
Kolte-Patil: Gets nod to develop land along Mumbai-Pune expressway
Marico: Morgan Stanley's aggressive buying puts stock in focus
Jayshree Tea: To gain from decision to exit sugar sector
NBCC: JV with Rajasthan government to add current
Adani Ports: Gets environmental nod for Mundra SEZ
Dredging Corp: Noted chartist sets Rs. 530 target
Glenmark Pharma: To establish first plant in US
Ultratech Cement: Flow of new news to be seen
Piramal Glass: July 21 is delisting record date
DLF: Debt reduction plans to add current
Ultratech Cement (Rs. 2,548.00) (Code: 532538) :- The cement sector will benefit from the new government's thrust on infrastructure sector. The delayed monsoon will lead to
higher demand for cement. Prices will also go up. Experts say that there is likelihood of new news
on the counter.
Adani Ports (Rs. 287.00) (Code: 532921) :- This Adani group company has received the environmental nod for its 8,481 hectare SEZ in Mundra. Adani Ports & SEZ is the only
port-based SEZ in the country. Following the approval, APSEZ will be able to establish a mega
desalination plant and effluent treatment plant and use sea water.
DLF (Rs. 221.00) (Code: 532868) :- The country's largest real estate company plans
to raise Rs. 4,000 crores by issuing securities against its rented offices. The funds will be used to
reduce its debt levels, which will have positive impact on the stock.
Piramal Glass (Rs. 138.00) (Code: 532949) :- The company is delisting its shares
from the stock exchanges at more than Rs. 140. Traders are treading cautiously on the stock as
July 21 is the last day for trading.
Dredging Corporation (Rs. 478.00) (Code: 523618) :- The stock has consolidated in the range of Rs. 440 to Rs. 465 from some time. The stock has strong support at Rs. 450.
According to a noted chartist in Mumbai, the stock can be acquired with a stop-loss of Rs. 450 with
a target of Rs. 525.
Kolte-Patil (Rs. 163.00) (Code: 532924)
:- The company has received the nod to

develop 140 acre land on Bombay-Pune expressway. The company has 51% stake in the venture. Higher movement will be seen in the stock in the coming days.
Jayshree Tea (Rs. 96.00) (Code: 509715)
:- This tea sector company is also engaged in sugar business. It, however, plans to exit the sugar business, which will have positive
impact on its balance-sheet. The stock is available at attractive valuations as compared to Mclleod
Russell and will be in focus in the coming days.
Wipro (Rs. 547.00) (Code: 507685) :- The company has entered into a strategic tie-
SMART
INVESTMENT
28
up with Atco, which is based in Alberta, Canada. The partnership will allow the company to offer
total outsourcing solutions in Canada and Australia. The move will have positive effect on the
stock.
Glenmark Pharma (Rs. 567.00) (Code: 532296) :- To tap the North American
markets, the company plans to invest Rs. 500 crores to set up its first plant in US. The company
will be seen touching new highs in the coming days.
NBCC (Rs. 454.00) (Code: 534309) :- The shares of this PSU have been on the rise
from some time. The company recently announced a joint venture with Rajasthan government,
which is adding current to it.
Marico Kaya Enterprise (Rs. 319.00) (Code: 538503) :- The shares of this Marico
Group company has been on the move after its recent listing. Reports show that Morgan Stanley
has purchased 75,156 shares in the company at an average price of Rs. 312.35, which is adding
fancy to the stock.
Financial Weekly
Every Sunday
ELuMx{uLx
Every Wednesday
SMART
INVESTMENT
Outlook on Rupee
This has been an eventful week for the rupee as domestic and global factors led the currency play between gains and losses. The week
started with Indias inflation numbers. India's WPI for June came at
four month low of 5.43%.
However, currency depreciated post the release as investors expect the inflation to increase in the coming month led by less rainfall in
June and hence higher food inflation which is one of the major components of WPI.
29
GLOBAL FX AUTHORITY
Himesh Shah
Asst. Vice President
(India Forex Advisors Pvt. Ltd.)
Later during the week, Rupee was seen falling after Federal Reserve's chairwoman Janet Yellen's
communiqu in which she was seen proclaiming that upbeat data from US on a consistent basis
may see Federal Reserve raising the interest rates sooner than anticipated.
On the last trading session, rupee was seen approaching the levels of 60.50 amid geopolitical
tensions as Malaysian plane was shot down in Ukraine. This led the investors to shift to safe
haven assets leading to gains in the US dollar.
Technically, USDINR pair has been moving in the range of 59.50-60.50. Going ahead, any
sustained break above 60.50 will lead to bullish trend in the pair.
Editor : Dilip K. Shah
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E-mail :
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Disclaimer :- Investment recommendations made in Smart Investment are for information
purposes only and derived from source that are deemed to be reliable but their accuracy and
completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column
who buy or sell securities based on the information in this column are soley responsible for their
actions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
SMART
INVESTMENT
Commodity Corner
30
Mr. Anuj Choudhary

Research Analyst,
(Angel Commodities Broking)
Chana prices to rebound

Chana prices on the futures were on a bearish trend since mid March '14 on the back of record
output of chana for the 2013-14 season due to increased area under the pulse coupled with favorable
climatic conditions which helped increase the yield. Prices declined from a high of Rs. 3416 in March
2014 and touched a low of Rs. 2651 in early July, touching its lowest levels since August '13. Prices
gained earlier in February on fears of excessive cold conditions, unseasonal rains and hailstorms in
the major chana producing states which later subsided, and the damage was lesser than expected
earlier.
Prices in the August '14 futures declined from Rs. 3123 from the start of the contract and touched a
low of Rs. 2745 earlier this month as ample supplies kept prices under check. Arrival pressure of the
new season crop coupled with sluggish demand in the physical markets also mounted downside pressure on the prices. Increased deposits of chana in the NCDEX accredited warehouses also led to
bearishness in the prices. Chana stocks on the exchange warehouses stood at 122,336 tonnes as on
17th July, 2014. Prices have gradually started to recover thereafter on revival of demand from lower
levels.
Chana, the king of Pulses accounts for about 48 percent share in the domestic Pulses output.
Being a Rabi crop, it is sown during October-December, while harvesting takes place in January and
continues till May. During the last 5 consecutive years government has made a considerable hike in
the MSP of Chana as well as other pulses. From mere Rs 1760 per qtl in 2009-10 to Rs 3100 per qtl in
2013-14, government's focus is to increase the productivity of chana and other pulses. Higher returns,
hike in MSP and favorable soil conditions led to an increase in area under chana cultivation in 2013-14
season. Area covered under chana in 2013-14 increased 7.4% at 10.21 mn ha compared to 9.51 mn
ha in 2012-13.
According to third advance estimates released by the Ministry of Agriculture in May '14, chana
output for 2013-14 has been pegged at a record 9.93 million tonnes, up 12.46 percent as against 8.83
million tonnes in the previous year and a target of 8.66 mn tn. Total pulses output for 2013-14 season
was pegged at 19.57 mn tn, higher by about 6.7 percent compared to 18.34 mn tn previous year. The
target for 2013-14 pulses crop output was set at 19 million tonne. Sowing of kharif pulses as on 11th
July stand at 1,346,000 ha against 4,316,000 ha. Sowing of Tur, Urad and Moong stand at 415,000 ha,
207,000 ha and 432,000 ha respectively. Chana prices usually follow seasonality pattern, wherein
prices reach their bottom in the month of May when the arrivals of the new crop are at their peak, and
gradually start recovering June onwards. However, due to a delay in the cropping cycle the peak
arrival period was extended towards the end of June, extending the downside in the prices. Gradually
prices started to recover from the second
We expect the prices to recover from lower levels on demand emerging at lower levels. Demand
from the millers is also expected to improve at these prices. Festive season is expected to commence
from August, which may see a rise in demand. Prices are currently trading sharply below the MSP
levels and thus, no sharp downside is expected from here. Prices may also take cues from the advancement of monsoon and the sowing of kharif pulses. On the other hand, record output and comfortable supplies may cap sharp upside movement in the prices and may also pressurize prices at higher
levels.
In the near term, Chana August prices which are currently trading around Rs 2870 per qtl may
find strong support at Rs 2730 & 2650 per qtl and resistance at 2980 & 3080 per qtl.
SMART
INVESTMENT
Astromoneyguru says
31
Lt Col Ajay
09414056705, 9887056704
Positive for Agro commodities

As per Col Ajay CEO www.astromoneyguru.com Week started from 21st July 2014 to 25th July
2014 is represented by planet known as sun and year 2014 is represent by Ketu.
During week Sun and Jupiter are with close conjunction. Moon, Mercury and Venus are also
close conjunctions. Mars and Saturn are together in Libra sign.
All these combination may lead positive movement in Indian stock market. MY advance predictions for profit booking in gold proved correct. Gold has seen sharp profit booking from USD
1341 to USD 1295. Sharp profit booking was also seen in Indian commodity market also. Hope all
of you must have enjoyed big profit in gold.
Now this week Positive movement expected infrastructure, oil & gas, metal, media, automobile sectors. Short term traders may keep eyes on Sesa Sterlite Ind, Hindlaco, yes bank, Aban
offshore, and HPCL for this week. Baking sector was hit badly previous week. Now as per Ajay
market theory banking and insurance sectors may see positive movement in stock market
South west monsoon has seen good rains fall at certain areas but as per Astro economics
this year south west monsoon may not be very good. I have predicated well in advance in Month
of May 2014 through media and articles. Now weakness in south-west monsoon may effect on
Agricultureproducts. Gram (Chana), Guarseeds,Soybean may see upward movement in Agro
commodities
This week Aries sign need to be careful in big volume trading. The above predictions was
made base on financial astrology and numerology. Risk factors should always consider in future
trading
SMART
INVESTMENT
32
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 21st July to 25th July

" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganesha
advises you to compare every prediction with the prediction of the previous time slot.
21-07-2014 Monday :- "
The Moon is posited in exalted Taurus. " Saturn-Mars, SunJupiter, Mercury-Venus are in conjunction. The market will be closed on 29th July 2014 due to
Ramzan Idd. Friends, if you refer to the monthly graph file of 21st, 22nd, and 23rd July 2014, you
shall come to know about Ganesha's predictions.
22-07-2014 Tuesday :- " Despite Moon being in good constellation, today is a day of high
unpredictability. " If you don't have the capability of delivery, don't deal today, advises Ganesha.
Today, you may feel that time is being wasted. You shall find it extremely difficult to distinguish
between what's right and what's wrong, and so today you need to be very cautious.
23-07-2014 Wednesday :-
" Ganesha observes quite a boring day today. " You may
continually do jobbing today, and get tired, and then you might gain some money." Though Moon
is in Mars constellation today, you might not be able to see its effect. " When European market
opens up, at that time it shall have an impact on Indian market, and Nifty shall witness Hammering, Ganesha feels. " Last 2 hours at Nifty is time pass. So, if you work on smaller margins, you
might gain a bit, and the remaining may go for the brokerage fees.
24-07-2014 Thursday :- " Today, Moon, Mercury and Venus are conjunct, so Astrologically Nifty might bounce in all likelihood. "Opening to 10.00, Nifty shall remain around the surface
or might go below the surface. " From 10.00 to 13.00, Nifty shall witness positive moment. At
around 11.00, a small correction might come in. " From 13.00 till Closing bell, Nifty might alter
trend every 30 minutes, so accordingly reshuffle your position.
25-07-2014 Friday :-
" As in the next week, Tuesday is a holiday, so don't hurriedly

attempt to take position on Monday. " Today, Moon is in Rahu's constellation, which means Moon
is in Ardra constellation. Today, in Navmasha Kundali also: Moon and Ketu along with Jupiter,
Sun and Rahu, are in combination. Today is a dull period, feels Ganesha. Avoid taking position
relying on Pre-Opening and Opening. With Ganesha's Grace
SMART
INVESTMENT
33
REVIEW OF SMART PLUS NEWS LETTER

Amazing 32 % RETURN SMART GAIN FOR SMART INVESTORS
Company
Reccom.
14/7/14
Mon.
Petronet
178.5
Ranbaxy
537
Fedders Lloyd
73
Elder Health
81
Ramco Ind.
64
Roto Pumps
328
Alembic Ph.
308
Finolex Cable
197
TCS
2350
Arvind Ltd.
203.1
IRB Infra
243
ISGEC Heavy
2006
Rallis India
210
Atul
1018
TIL Ltd.
410
PVR
625
FAG Bearing
2620
Bharat Forge
629
Cox & King
230
JBF Ind.
131
Jain Irrigation
102
R. S. Software
364
CMP
18/7/14
Friday
185
554
84
83
69
416
345
210
2486
235
268
2300
226
1081
445
669
2825
732
266
142
109
401
3.6
3.2
15.1
2.5
7.8
26.8
12
6.6
5.8
15.7
10.3
14.7
7.6
6.2
8.5
7
7.8
16.4
15.7
8.4
6.9
10.2
Company
Reccom.
CMP
14/7/14 18/7/14
Mon.
Friday
Polarish
216
236
J. K. Tyre
269
315
DCB
75
83
IDEA
134
140
IDFC Limited
148
165
Tata Motors
445
477
L&T
1574
1694
Gruh Fin.
200
222
Astra Micro
129
146
Deepak Fert.
161
184
Future Retail
121
133
Liberty Shoes
276
318
Capline Point
264
308
Plasti Blends
179
204
Apcotex
166
183
IFGL Refractories148.5
158
Jindal Poly Films 226
246
M. T. Educare
115
130
Sangam India
60
78
APTECH
87
92
NCC
70
75
HCL Info
58
77
9.3
17.1
10.7
4.5
11.5
7.2
7.6
11
13.2
14.3
9.9
15.2
16.7
14
10.2
6.4
8.8
13
30
5.7
7.1
32.8
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:: Shree Ganeshay Namh ::

Only Financial Weekly Published in English & Gujarati

GAMC No. :1703/2012-14. Issued by SSP Ahd. Valid up to 31-12-2014

RNI No : GUJENG / 2008 / 24320

21st July to 27 th July 2014

Market Pulls Back

Most Popular Webstie for the Stock Market Investors

21st July to 27th July 2014

:::: INDEX LEVELS ::::

This Weeks Recommendations

This week both Sensex and Nifty once

Last Weeks Recommondation

Apollo Hos. 1086

21st July to 27th July 2014

Last Week Sensex, Nifty & Moves

21st July to 27th July 2014

Trade with proper exit strategy

21st July to 27th July 2014

Adani ports : The scrip remains

a favorite counter of the traders and investors. Build up

JP POWER : the scrip witnessed

short covering as well as fresh buying in the cash market.

Federal Bank : The stock which

declared more than double net profits at Rs 220 cr in the

21st July to 27th July 2014

21st July to 27th July 2014

Stock bourses bounce back from post budget blues

21st July to 27th July 2014

Apcotex Industries :- A monthly chart of Price E M A( 6) E M A(12) E M A(24)

21st July to 27th July 2014

TIPS OF THE WEEK

21st July to 27th July 2014

Sarvesh Ashok Trivedi

Script based improvement likely

:- After reaching 492.25 on downward movement, it has moved up

Jindal Steel and Power (296.85)

:- After reaching 276.90, it is moving up. It shows

Golden quote :- A Family can devlop only

21st July to 27th July 2014

A positive week following budget week

On Wednesday too markets opened on a firm note and maintained

21st July to 27th July 2014

Vakrangee (BSE Code: 511431) :-

This E-Governance solutions providing

21st July to 27th July 2014

: Kotak Mahindra Bank

21st July to 27th July 2014

21st July to 27th July 2014

:- The shares of this B Group listed

21st July to 27th July 2014

Smart super duper

English & Gujarati Edition

21st July to 27th July 2014

PERIOD : 21-7-2014 to 25-7-2014

Nifty F&O Range

9. ICICI BANK (1477)

: It is suggested to SELL with SL of Rs 1499 for the target of Rs

21st July to 27th July 2014

- Pratit Patel (9998881112)

7731 will act as hurdle

HOT INVESTMENT IDEAS