BIG BOSS VIKAS  PARSHURAM SAMWATSARE

DATED 09/07/2012 

INDIAN STOCKS MARKET ANALYSIS, AND INVESTMENTS ADVISER. I GIVE STOCK PICKS, IDEAS FOR THE VALUE INVESTOR, MARKET ANALYSIS, INFORMATION. I AM MASTER ON NIFTY CALL AND PUT CALLS..

STOCK MARKET  AND MCX MARKET 

VIKAS PARSHURAM SAMWATSARE : I have a buy on Adani Enterprises but this is a CDs call. It is for the month of July. One can buy at slightly lower levels and it looks like a decent pick. With stop loss of around Rs 222 and a target of Rs 246, Adani looks good.

A slightly shorter term call would be Yes Bank that has given a breakout. So that would be more of an intraday call, around Rs 360, stop loss of Rs 352 and target of Rs 376. 

VIKAS PARSHURAM SAMWATSARE : High risk, but yes. If you look at BP, HP and IOC in that order, IOC has technically been the most beaten down. It had just recently posted a fresh probably 4-year low. So from that point of view, the stop loss is closer.

So I would prefer to go for an IOC, HP and BP in that order. IOC would be a pick for me and it has also given a weekly breakout today. So that does look interesting for Monday morning. 

VIKAS PARSHURAM SAMWATSARE : One buy and one short sale, hedging the bet a bit because of the slightly indifferent finish to the week. The buy is in IFCI with a stop loss of Rs 40 and the target of Rs 43. This is roughly a one-week holding period.

Ranbaxy is the short sale with a stop loss of Rs 513 and a target of Rs 491. This would best work out as a day trade on Monday but throughout the week for day traders, this could be one of the stocks to look for shorting whenever the market is a bit weak. 

 

Buy BPCL with a target of 790 BPCL is a 'BUY' call with a target of Rs 790 and a stop loss of Rs 755.VIKAS P SAMWATSARE 

Buy ITC with a target of 262

  ITC Ltd is a 'BUY' call with a target of Rs 262 and a stop loss of Rs 247

 

Buy Hindustan Lever with a target of 460

 

 

Buy Ranbaxy with a target of 512

 Ranbaxy Ltd is a 'BUY' call with a target of Rs 512 and a stop loss of Rs 490.

 

Bank Nifty has single-handedly made the market look positive

 What is the ticker telling you -- be stock specific and trade on the Bank Nifty next week?

 

VIKAS PARSHURAM SAMWATSARE : Yes, I think so. Bank Nifty has given a breakout, has sustained above the breakout levels and has posted a fresh 2-month high. That is the sector which has single-handedly made the market look positive and has taken it up. A minor cool off here and there is fine, of course. Being scrip-specific would be the order of the day in Bank Nifty because the mainline stocks do not seem to be going anywhere.

 2.Have you identified any trading opportunity in Pantaloon or Shoppers Stop?

VIKAS PARSHURAM  SAMWATSARE : I would say Pantaloon but that would be more from a slightly longer term point of view, because it has moved up for almost 7 or 8 weeks in a row. It moved up from sub-Rs 130 to Rs 200.

Rs 200 was also the intermediate high posted in the beginning of the calendar year. So there is going to be some supply coming in. So post this supply, Pantaloon could do wonders. That is also the monthly resistance level.

 What are you reading on the charts for Tata Motors and Maruti Suzuki?

VIKAS PARSHURAM SAMWATSARE : Both are slightly different. Tata Motors has not done much. Maruti actually has not done anything for a long time. It was in hibernation and now it is working its way up.

Tata Motors has been range bound in Rs 220-250 levels for quite sometime. There is some near term strength coming in. Tata Motors does look good from a near term point of view.

Maruti has had a decent if not a great run up. We are just walking into a brick wall at Rs 1250 plus levels. There is a major congestion area coming in between Rs 1250 and Rs 1400. So we are just over there. So Maruti could stagnate a bit. Tata Motors has got relatively more headroom than Maruti.

VPS GROUP AND SAI PARSADAM GROUP S