Jindal Photo Limited – Trading Buy (Closed)

Update (Aug 14, 2010):

The stock has not really performed and had come to 195.40. The results of the company are also not so promising and so I would suggest to exit the position. The tip is now closed.

 

Jindal Photo Limited (NSE Symbol: jindalphot) is expected to come out of results during the week on Friday, Aug 13. The stock has been trending upwards over a long period of time and has made recent highs few months back around 250 levels. From there it corrected to 180-185 levels and has been stable over 190 for past couple of months. The stock has support around 195 levels and could show levels of 225-230 before the results or if the results come good, reach these levels after that. With the results, you cannot be sure how the stock would perform so there is an element of risk buying into this stock because of this unknown. But if you are willing to take a risk of 3% for a return of 10-15% then you can go ahead and look to buy into this stock below 205 levels. Do no try to buy it when it is rising as then the risk reward would not be good. This recommendation is purely from trading perspective with the caveat that based on results, you would have to take your decision and also exit the stock if result comes out as not expected.

Stoploss: 195

Target: 225-230

Duration : 7-10 days

Entry Price: Below 205

As always map the recommendation to your own trading style.

JK Paper Limited – Trading Buy – Target Achieved (Closed)

Update (July 20, 2010):

The stock hit its target today with a intraday high of 61. I would close the tip. Hope some of you could book some profits.

JK Paper Limited (NSE Symbol: Jkpaper) has been a very good outperformer stock in the market over past few weeks and months. The stock has been making higher highs and higher bottom and clearly trending upwards. It has not been able to cross and sustain levels of 58 but on downside it is taking trending support and holding it. Any trader or investor can look to enter in this stock at CMP with stoploss of 53 for a target of 61-62 in trading and also over short to medium term, stock looks to go higher. If the stock can go past 58, then it can quickly go to 61-62 levels. Fundamentally the stock is not at all over valued and trades below its book value. On current earnings stock is trading below a PE of 5 and with industry peers commanding higher PE, this definitely has potential to give good returns. Even with market scenario not great globally, I think the stock should outperform and reach its intended target. But from prudent risk management, maintain a stoploss of 53 and exit once stock goes below it and sustains.

Stoploss: 53

Duration: 25-30 Days

Entry Price: 55 or Lower

Target: 61-62

As always map the recommendation as per your own trading style.

Surya Roshni Limited – Trading Buy – Target Achieved (CLOSED)

Update ( June 28, 2010):

The share moved smartly and reached its target price of 94-95 today after consolidating in a narrow range and so closing this recommendation. It might go higher in next few days and  if take out 95 can go another 4-5% up over it. But I believe  in booking profits in trading so I am closing this recommendation.

Surya Roshni Limited (NSE Symbol: suryarosni) moved a lot earlier and made highs around 100 before coming to 80 levels. It has bounced from there and currently trading near its resistance of 87 levels as on closing above it can go to 94-95 levels quickly. I recommend a trading buy in this stock around 84-85 levels with stoploss of 81 for a target of 94-95 in 20-25 days. The stock is probably a high beta stock with movements when they come is big and is volatile. It has been trending with higher highs and higher lows since it made low in April of last year. I would not be surprised if it takes out its previous high made of 100 and go further up but then its a matter of momentum and depend on how it trades and also with qtr results coming in July, you never know. But from pure trading perspective who can keep a stoploss of 81 and buy should be OK to make some profit in this trade.

Stoploss: 81

Duration: 20-25 Days

Entry Price: 84-85 or lower.

Target : 94-95

As always ensure to map the recommendation as per your own trading style.

Balrampur Chini Mills Limited – Trading Buy (Closed)

Update (June 11, 2010):

The stock had gone to a high of 83, just 2% short of its target. But it has been falling since then and has come to the buy price. I would exit the stock at this point as there seems to be no upward movement for now. The recommendation is closed.

Balrampur Chini Mills Limited (Nse symbol: balramchin) has seen a big fall alongwith other stocks in the sugar sector for past few months. The stock corrected till 70 levels and attempted to take support around there and has now moved around 10% from the lows to 78 levels. The stock seem to have formed a short term base and can go another 10% up from current levels. The stock has been making higher highs for some days and if it can sustain above 80 then can go to 85-87 levels in few days or weeks. Any trader can look to buy this stock with a stoploss of 73 for a target of 85-87 in 8-10 days. The market has been quite volatile and there are many other stocks which has corrected and can go up but has been volatile. I think Balrampur chini can sustain the movement on upside and not be volatile as other stocks or market. Infact other sugar stocks like Renuka too could make a move as they seem to have taken support near the lows made and trying to consolidate in a narrow range and whenever this is broken on upside it can give some good movement.

Stoploss: 73

Duration: 8-10 days

Entry Price: CMP or lower

Target: 85-87

As always map the recommendation to your own trading style.

Shree Renuka Sugars Limited – Contrarian Buy – Target Achieved (Closed)

Update (May 28, 2010):

The sugar sector had a good upmove today and Renuka sugars also had a good rise. The stock closed at 61 today, bang on its target price. With momentum it can go further up but I would  close the tip as I like to book profits and exit .

Shree Renuka Sugars Limited (NSE Symbol: renuka) has been a real laggard for some weeks and months now. The overall sugar sector has been doing really bad but for past few days all these shares have been able to maintain their recent low and sustain above it. Renuka closed at the high end of its intraday high and seems can gather some momentum and go to 61-62 levels in next few trading sessions. This has to be a contrarian buy from oversold levels and the fact that some base seems to be forming for these stocks. There could be a case where they fall again after going up but for now I think as a trading contrarian buy , one can look to enter in this stock for very short term gain. This would be less risky stock as it has fallen so much and seems a very short term bottom has been formed.

Stoploss: 53

Duration: 7-10 trading days

Entry Price: 54-57

Target: 61-62

As always map the recommendation to your own trading style.

SRF Limited – Short Term – Target Achieved (Closed)

Update (June 24, 2010):

The stock finally reached its target of 250 after the move few days back and so closing this recommendation.

Update (June 22, 2010):

The share has rebounded smartly and went upto 248 levels today but could not surpass 250 levels. I think in coming days if it can sustain at these levels then it can easily go past 250 and higher levels be achieved. I hope people who have been patient are happy to make some profits in this scrip.

Update (May 26, 2010):

With the markets falling so sharply, the stock has also come down to 215 levels. I am exyending the duration of this tip to a Short Term buy (3 months) as fundamentally the company is good and should reach its target. So hold on to the stock for now.

Update ( May 05, 2010):

Despite the market correction, this share has come back strongly and closed near days high of  today. The result is due in next 2 days and I hope they come out well and then share could easily be at 250 levels.

SRF Limited (NSE Symbol: srf) made a good move today and managed to close above 220 levels with good volumes. The stock has made numerous attempts in last 6 months to close above this level. At the time of last quarter result it was trending to go up but with result disappointment it came down and went to touch its support levels. This time before the quarter and annual result due on 7th May, the share has crossed the resistance level and trading well above it. If it can sustain these levels then I expect the stock to go to 250 + levels in coming few days before result or after result announcement. But yes, if results disappoint then share might correct again. I recommend a buy on this stock from trading perspective as I think momentum can take this stock another 10% higher in coming days.

Stoploss: 203

Duration: 3 Months

Entry Price: CMP or lower

Target: 250 +

As always map the recommendation to your own trading style.

National Fertilisers Limited – Trading Buy – No Trade Done (Closed)

Update (April 28, 2010):

With market being very negative today and the stock coming down a lot, the recommendation has been closed as it did not sustain 107 levels and came down near to stoploss levels. People who have entered or want to enter can look to at this stock with stoploss of 100 as the fertiliser stocks are high beta stocks and can give equally strong rebound in case market stabilises.

National Fertilisers Limited (NSE Symbol: nfl) made a good move today along with other fertiliser stocks and it seems they would be gathering some momentum before the rainy season and could give good returns. Although due to market fears across the world our market should open down with NFL also correcting on opening and could be a good buy then. I recommend the traders to buy into this stock in 107-110 levels range for a target of 118-120 levels in 7-10 days. Yes as with any share, the results or market conditions could play spoil sport. The stock stop-loss would be below but from trading perspective to make sure you have minimal loss, keep a stop-loss of 104.

Stop-loss: 104

Duration: 7-10 days

Entry Price: 107-110

Target : 118-120

As always map the recommendation to your own trading style.