Monday, November 20, 2017

Today's Calls
1. Buy Nifty Futures on declines around 10290, SL: 10255,  T: 10332.....Book PARTIAL PROFIT around 10320. Book PARTIAL PROFIT around 10333. Target Achieved!!  

2. Intraday SELL Ambuja Cement at around Rs.268-268.50, SL: Rs.272, T: Rs.265-264. Book PARTIAL PROFIT at around Rs.265.80. 2nd target almost achieved at Rs.264.

3. Buy SKM Egg Products Ltd at around Rs.77--78, for short term target of Rs.87-91. Started in 1995 in collaboration with Belovo- Belgium, SKM produces Whole Egg powder, Egg Yolk powder, Egg Albumen (Egg White) powder and liquid eggs. Its customers are mainly Bakeries and FCMG companies. SKM combined the technical know-how obtained from Belovo with its own three decade long experience in the poultry industry to build the SKM brand. SKM products are exported to Europe, Japan, Middle East, Russia, Africa and Southeast Asia. SKM has sales offices in Netherlands, Japan and Russia. 
Only 3 (three) players exist in India, who are into this business with high entry barrier ie; SKM, Venky’s and Ovobel. The stock has hit the 20% upper circuits at Rs.97.80 in the NSE.

4. Moody's Investors Service has withdrawn debt-laden Reliance Communications Ltd's corporate family rating, citing a missed scheduled payment related to the company s dollar bond. "Moody's has today withdrawn Reliance Communications' (RCom) Ca corporate family rating (CFR) and its negative outlook. At the same time, Moody's has also withdrawn the Ca rating on RCom's senior secured notes," a Moody's statement said. I have asking all to stay away from this scrip since Rs.17-21. I feel after this downgrade the scrip of RCom Ltd (Rs.11.65) can go below Rs.9; unless some companies come and takes stake in it.

5. Net Loss of Mandhana Industries came as Rs.118.90 crore in the quarter ended September 2017 as against net loss of Rs.193.93 crore during the previous quarter ended September 2016. Long term investors can buy the shares of the company at around Rs.7.45, for targets of Rs.11-14.

6. Shilpi Cable Technologies Ltd could hit the upper circuits today. Today morning, it came out of the Upper Circuits and is now trading around Rs.15.45. Don't sell in a hurry.

7. Medium term investors can buy the shares of Jai Balaji Industries Ltd at around Rs.13.30, for targets of Rs.21-22. The company is making lot of efforts to come out of the debt. Meanwhile, the steel ministry has notified that preference will be given to locally made steel for procurement by the government and public sector undertakings. Rise in input costs and an improvement in demand, especially from segments like housing, railways and automobiles, led to the firming up of steel prices in the past few months. Moody's Investor Servies expects China's steel production capacity to continue to decline. Environmental protection measures in China have forced the closure of inefficient mills and prompted consolidation in the industry, leading to a decline in Chinese exports. This has supported regional steel prices which have firmed up subsequently.

8. Aggressive Traders can BUY Bajaj  Auto- FUT at around Rs.3255-3260, SL: Rs.3230, T: Rs.3292.

9. Intraday BUY ZINC around Rs.207,  SL below Rs.206.30,  T: Rs.208.  Book PROFIT in ZINC at CMP 207.75.

10. Intraday BUY NATURAL GAS at around Rs.198, SL below Rs.196, T: Rs.201.50.

11. Buy Bank Nifty  FUTURES on declines at around 25830, SL below 25760, T: 25950.
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