Indian Stock Market Weekly Outlook

Stocks for trading in the coming week




RELINFRA
            
           IF relinfra future breaks 1037 , it can retrace to 1055.


Trading idea is short at retracement and hold for targets of 1025, 1002 and 985.


1068 can be maintained as stop for this trade.




NEXT: Nifty Weekly outlook


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Nifty Trading Plan 15-October-2010

NIFTY FUTURE OUTLOOK


6200 is the pivot level for tomorrow's trading in nifty future.


6165 is the key support level for nifty.


Break and trade below 6130 would mean nifty correcting to 6095 and 6060.


6235 will be huge resistance level for nifty future.


For nifty to trade in positive zone it must break and trade above 6268.


In such a scenario nifty will move to 6305 and 6330.




NEXT: Bears rule the roost


Special: IDC INFRASTRUCTURE BOND


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Nifty Trading Plan 06-October-2010

NIFTY FUTURE OUTLOOK


       Readers of the blog would have printed the almighty dollar today in nifty future, as it


reversed exactly from resistance level given yesterday and crashed 60 rupees.


Those who missed the article can access it here.


For tomorrow's trading. nifty future pivot is placed at 6182.


Support for nifty is at 6144. Below 6130 bears will pound nifty 6115, 6100 and 6085.


Resistance level for nifty is at 6225, 


For nifty to be attracted by bulls, it needs to cross 5241. 


Doing so, nifty might attempt to scale 6255 and 6270.




NEXT: Resistance overhead


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

Initiating Coverage - Finolex Cables Ltd (500144)

FINOLEX CABLES

Finolex Cables Ltd




Finolex Cables Ltd, the flagship company of the Finolex Group was established in 1958 in Pune.

Today, it is India's largest and leading manufacturer of electrical and telecommunication cables

with a turnover in excess of Rs.16 Billion (about US $ 320 million)




The company started its operation with the manufacture of PVC insulated electrical cables for the automobile industry.

Since then, the Company has constantly endeavored to augment its product range to include, PVC insulated electrical wires

and Flame Retardant Low Smoke electrical wires, PVC insulated single core and multicore industrial flexible cables,

Rodent Repellent Multicore Flexible Cables, PVC Insulated Winding Wires and 3 Core Flat Cables, XLPE 3 Core Flat Cables,

Power and Control Cables, High Voltage Power Cables (Upto 33 kV), Polyethylene Insulated Jelly Filled Telephone Cables,

Auto & Battery Cables, Co-axial and CATV cables, LAN Cables, Switchboard Cables, Fibre Optic Cables and others.

June Quarter results at a glance

(in Cr.)	Jun-10	Mar-10	FY09-10
Revenue	493.06	463.96	1,618.71
Net Profit	22.98	-5.39	57.63
EPS	1.50	--	3.77
Cash EPS	2.14	0.19	6.20
OPM %	8.50	2.97	8.85
NPM %	4.66	-1.16	3.56

Finolex has improved its operating marging and NPM.

Technical outlook:

From the chart it is clear that Finolex will move to 75, 90 and 130.

NEXT: Best of last week

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss