|30-Oct-2014||Inox Leisure||179.6||Buy||3 Days||192|
|30-Oct-2014||Reliance Infra.||597.55||Buy||3 Days||610|
|29-Oct-2014||Rural Elec.Corp.||294.6||Buy||3 Days||308|
|29-Oct-2014||B P C L||704.65||Buy||4 Days||744|
Century-Textiles at 559.5 | Target 550 | SL 524
Disclaimer : Ideas given may have been recommended to our clients in advance. India Infoline takes no responsibility for any loss suffered.
* All prices are in Indian Rupees
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The indices are set to open up higher and may hit new highs. Short sellers were trapped on Thursday after Nifty moved past confidently beyond the 8100 mark. Profit booking could set in anytime even though FIIs have opened their purses further. M&M, NTPC and Gail results will be in focus.
The opening is a weak start. The global cues are subdued. The Federal ended its monthly bond purchase program. "On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing," the Fed's policy panel said. "The committee continues to see sufficient underlying strength in the broader economy," it said.
The market may chart its own course and pay more attention to the global cues and corporate results. Besides, the Fed meet today will be eyed where the question will be on when the quantitative easing will end. Dr Reddy's Lab, Tech Mahindra, Mphasis, Emami results will also be in focus.
Yes Bank's customer assets (loans + credit substitutes) growth was along expected lines at 18% yoy.
Ambuja Cements (ACL) revenues stood at Rs22bn, in-line with estimate of Rs22.5bn.
Operating margins for ACC stood at 13.5%, expansion of 232bps yoy; lower than our estimate by 96bps.
|Company||CMP (Rs.)||Chg (%)||Supp 1||Supp 2||Pivot||Res 1||Res 2|
|I D F C||156.30||5.43||142||139.75||145.85||148.10||151.95|
|H D F C||1,105.90||3.87||1,036.22||1,027.43||1,053.03||1,061.82||1,078.63|
|Larsen & Toubro||1,655.45||3.61||1,562.37||1,552.73||1,581.63||1,591.27||1,610.53|
|Tata Power Co.||93.85||3.53||89.70||89.00||90.35||91.05||91.70|
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