Sensex UP FOR THE THIRD DAY !

The Sensex clocked solid gains and closed at 9,788 (up 8.22%) amid buying in heavyweight, metal and oil & gas stocks.

The Sensex continued to move up for the third consecutive day with the index registering smart gains on buying in heavyweight and sectoral stocks.

The 30-stock benchmark index of the BSE was above 9,300 points at the starting bell and touched the high at 9,870. However, it pared the gains on selling in heavyweights and shed sharply to touch the low of 9,362 towards the close. The Sensex came close to testing 9,400 towards the day’s close, but ended the session with a gain of 744 points at 9,788. Nifty gained 189 points to close at 2,886.

The breadth of the market was marginally positive. Of the 2,575 stocks traded on the BSE, 1,577 stocks advanced, whereas 916 stocks declined. Eighty two stocks ended unchanged. Of the 13 sectoral indices, BSE Metal surged 10.20% to 5,367 followed by BSE Oil & Gas (up 9.11% to 6,195) and BSE Bankex (up 7.21% to 5,011). The remaining indices also ended higher.

Among the gainers, Mahindra & Mahindra (M&M) advanced 23.09% to Rs372.35, HDFC surged 17.48% to Rs1,764, JP Associates added 16.55% to Rs71.85, ICICI Bank advanced 15.50% to Rs399.35, Sterlite Industries gained 14.48% to Rs282.20, Reliance Industries jumped 13.81% to Rs1,370.75 and Reliance Communications was up 13.76% to Rs220.70. However, Ranbaxy Laboratories dropped 1.97% to Rs169.45 and Tata Consultancy Services declined 0.93% to Rs537.45.

Over 1.68 crore Suzlon Energy shares changed hands on the BSE followed by Hindalco Industries (1.34 crore shares), Reliance Petroleum (1.00 crore shares), Unitech (84.98 lakh shares) and Core Projects & Technologies (81 lakh shares).

NOTE : PAID MEMBERSHIP @ 50% Discount looking at the current market scenario. Rush your mails to sokhitrading@gmail.com , www.sokhipaid.co.nr for PAID INQUIRIES !

Sesa Goa " BULLISH"

We recommend a buy in Sesa Goa from a short-term perspective. It is evident from the charts of Sesa Goa that it has been on an intermediate-term downtrend from its early May high of Rs 220.

Since then, the stock has been forming lower troughs and lower peaks. While trending down, the stock penetrated key support levels at Rs 132 and Rs 100 one after another. However, the stock recently found support in the support band between Rs 60-65, recording a 52 week low of Rs 63.60 and bounced up sharply.

The stock has almost gained 20 per cent from this low, reinforcing the bullish momentum. The daily relative strength index (RSI) which is hovering in the bearish zone, is displaying positive divergence and the weekly RSI is recovering from the oversold area. Furthermore, the moving average convergence and divergence is also displaying positive divergence. We are bullish on the stock from a short-term horizon.

We expect the stock to move up further until it hits our price target of Rs 90 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 75.

NOTE : PAID MEMBERSHIP @ 50% Discount looking at the current market scenario. Rush your mails to sokhitrading@gmail.com

Sokhi Top 100 Fastest Growing Companies !

Dear Investors,

First of all I would like to inform you'll that we are starting NIFTY OPTIONS for 1st NOV. Keep checking our blog www.sokhitips.com for all inside news , research and free tips and everything you always wanted to know !!

Below is the list of India's 100 fastest growing companies.
Click here to DOWNLOAD !

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Sokhi Inside News for 29th October !

Pratibha Industries full year profits are estimated around Rs.50 cr. If the company maintains this projection, stock looks cheap around CMP levels against its while book value of Rs.110

Gammon India is available at just 11% of its peak value. It is trading below its book value of Rs.111. Investors can buy this stock on dips for investment.

The current valuation of HCC Ltd. is attractive for long-term investors. The company has a strong order position. Stock has reacted from a high of Rs.276 and downside is limited at current levels.

Sources say that operators hold a huge junk of shares in KOHINOOR BOARD, Highly risky - take your call

Heard in the street that Reliance is buying into Unitech`s promoters holding, for controlling share. The company may be called ‘ RELTECH’ !!!!!

There may be announcement of reduction in STT very shortly

Deutsche Bank now forecasts the price of oil will fall to $50 a barrel during 2008.

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Sokhi Muhurat Picks ! (Buy for Next MUHURAT for Unblievable Returns)

Dear Investors ,

Below are our Muhurat Picks and we will review the same stocks next year same time. We advice members to just buy these stocks as they are fundamentally strong & Technically oversold . Buy these stocks for sure shot 70-80% by this time next year .

Members adjust your portfolio according to your choice !

ABOVE 500
ABAN OFFSHORE , RELIANCE CAPITAL

ABOVE 200
STERLITE INDUSTRIES , SADBHAV ENGINEERING

ABOVE 100
EVERONN SYSTEMS , INDOTECH TRANSFORMERS, PUNJ LLYOD

ABOVE 50
LANCO INFRA , BARTRONICS, KERNEX MICRO & INFOMEDIA

BELOW 50
GREMACH INFRA, CORE PROJECTS, IMP POWERS, CORDS CABLES, UNITECH & SUZLON

BELOW 20
IFCI, SUVEN LIFE SCIENCES & GVK POWER

BELOW 10
AVON WIEGHING , JENSON & NICHOLSON & CHEMCEL BIO

Sokhi Market Outlook for 28th October !

All the world indices are in thick green and there would be no such great moment than this for MUHURAT TRADING .

Todays trade is opened for one hour and we would advice our members to start bargain hunting as the global markets are looking oversold and
the pull back from the lows of ASIAN MARKETS shows that the bottom is
very near

Expect a positive opening and trade in small quantities as there would
be less time for squaring off . we have only one hour to trade so do
not wait for the target , if you are satisfied please book profits.

Sokhi Muhrat Trading Sure Shot Calls for 28th October !

Wishing all our Members a Very Happy & Safe Diwali !!

IDFC (BUY) 51 - 51.5 (Target1) 53.2 ( Target 2) 55 (Sl) 48( BUY 300 SHARES )

RANBAXY (BUY) 181.5-182.4 (Target1) 186 ( Target 2) 189(Sl) 178 ( BUY 50 SHARES )

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Sokhi Inside News for 27th October !

* Bear operators have minted a fortune in this mandi of 2008 quite unlike 2006. The profits booked will surely find its back to the stock markets as long-term commitments.
TOWER TALK

* The reigning bull operator is said to have joined the bears by liquidating his positions and going short and make a bigger killing.

* Worst is over or is the worst still coming? This is a never ending question. The more you listen to experts and the more you read, the more confused you are. Just think that the world was a good place after the Great Depression of 1930s, a better place after the World War of the Forties will be still better after this strict ‘agnipariksha’.

* What’s wrong with Hindalco? It’s created a record of sorts. The Rights Issue closed at Rs.96 two week back. Underwriters bail the promoters but and the scrip was quoting at Rs.39 last weekend. Kumaramangalam, rise and save the shareholders before it’s too late.

* In case you own Tisco shares and are interested in arbitrage opportunities, sell the shares and buy Tisco CCPs that entitle you to a Tisco share for every 6CCPs. You make a clean sweep, in high times.

* The Reliance managements must adopt a one-point programme of safeguarding investors’ wealth and interest. The way Reliance Infra, Reliance Capital, R Com and RIL suffered, its time to refocus on Dhirubhai’s ideals.

* This is the time for the government and SEBI to moot a share split in the face value of shares. Thus will impart greater liquidity and enlarge the interest of small investors.

* Marico has performed well in the depressed market. The stock is a defensive play.

* Lok Housing has posted encouraging results and is available at an attractive valuation.

* Crompton Greaves is a good buy at current levels with a good long-term outlook as it has declared growth oriented Q2 results.

* Compucom Software has planned a board meeting for Bonus. Stock is available at a decent valuation.

* State Bank, Infosys, Oracle Financial Software, Biocon are good buys on decline for long-term investment.

* Mazda Ltd. has come out with encouraging results for the September 2008 quarter. Scrip can see a smart recovery in the near future. Keep a close watch.

* Greaves Cotton has a long-term agreement for sale of diesel engines to Tata Motors and has announced decent results for the Sept’08 quarter. Stock may witness bottom fishing by next week.

* Despite good results, stay away from ICSA India. As per the grapevine, the scrip is poised for a vertical fall like Core Projects due to aggressive unloading by FIIs in the near future.

* Thanks to the severe bloodbath investors are now left with penny scrips, which were earlier touted as emerging mid-caps by the so-called analysts.

* Even in the current sentiment, Info Edge India & Educomp are trading at very high valuations. Sooner than later both will witness aggressive selling from the FIIs.

Sokhi Sure Shot Calls for 27th October !

BEST BUY
IFCI (BUY) 18.3 - 18.7 (Target1) 20.1 ( Target 2) 21.45 (Sl) 15.9 ( BUY 1000 SHARES IN OPENING TRADE )

SUZLON (BUY) 47-50 (Target1) 61 ( Target 2) 72 (Sl) 39 ( HIGH RISKY CALL , BUY 200 SHARES FOR TARGET IN NEXT 8-10 TRADING SESSIONS)

Note : We are in process of picking up stock for short , medium and long term this Diwali , we advice members to check the call tomorrow .
Some stocks which we adviced in short term calls / Magic calls section were beaten down badly , Best time to accumulate / average the stocks specially RANBAXY , CORE PROJECTS & CHEMCEL - ( hold on for sure shot gains )

Sokhi Market Buzz for 27th October !

Promoters are accumulating RAIN COMMODITIES and is trading at a very cheap valuation , Long term investors to grab this stock on declines

Sources say that bulls team are divided and one group joined the bear cartel and squared off position to create much more panic in markets

Compucom Software has planned a board meeting for Bonus. Stock is available at a decent valuation.

UNITECH is avaliable at mouth watering price.

We may derail from World Markets very soon and may move northward

Brokerages predict 16 K for SENSEX as target for next Diwali

Fed like to cut the rate by 50 basis points in their meeting later this week

Sokhi Market Outlook for 27th October !

Market are becoming GAMBLE day by day , once considered as the best investment for long tern is turned out to be the killer in recent times. In this erractic market no technicals & Fundamentals work . We lost nearly 11% on friday and are down almost 60% from years high.

US markets which were expected to touch LOWER CIRCUIT on friday managed well and closed down 4% and same with European markets which opened almost double digit low in percentage closed down between 4-6 %.

Asian markets are striving hard to find the way and bears are in no mood to listen , NIKKIE at one point of time traded above 200 points is now trading at 80 points up , Other indices are trading in red.

After heavy sell off on friday in Indian Markets, we may see some recovery today , we expect a gain of some where between 1.5-2% today

Members please aviod trading for some time , but it will be best oppurtunity to invest 50% of the cash for medium to long term gains.

The oppurtunity is once in life time as the stocks are available much cheaper than the book value , it will be best time for bargain hunting rather than trading .

Stock Exchanges around the world tumble......

In clockwise direstion starting from top left we have stock exchange pictures of FRANKFURT, INDIA, PARIS, U.K, TOKYO and guess . . . . . . . . . . . . . . . . . . . .I think you'll have guessed it right PAKISTAN !!

(Click on the picture to Enlarge).

What should we do now ?? "Be calm........."

Dear Investors,

One should have hope and faith on markets and then only should come forward and invest / trade in markets , according to Newton - for action there is an equivalent and opposite reaction , We seen the bull market from last 4 years where we gained more than 16000 points and in last 09 months we nearly lost 12000 points , the fall was swift and fast and with the amount of fall in this nature no investor can come out of the stocks , Even members of desidata on our advice who bought the stocks till day before yesterday may be bleeding with looses, but there is no reason to worry and the main reason to be with the markets is.

World leaders will not leave the markets to fall, already steps have been taken by all nations and new steps will be taken in days to come, one cannot expect turn round in the next moment but for the actions that have been taken by the nations to be implemented we need some time.

As far as we are concerned we can expect a stable bull run from Q2 of 2009. At some point of time the bears have to come out and cover their shorts.

We are one of the fastest developing nation and our FM is confident of 7-7.5 % GDP growth which will be best in the time like this.

We will derail from world markets sooner or later and will trade depending on the domestic conditions.

DIIs are sitting with huge cash and that need to be invested.

We advice members not to panic as its not only you and me who lost the money in the markets, its whole the investors who lost, so be calm and have patience. We advice members to average the stocks which were heavily beaten yesterday. We do not see much to loose from the present position and it will be wise to take bold decision to invest as the risk of loosing is minimal but can expect unlimited profits in years to come.

We promise you all that we will be your side and we are here to help you whenever needed, you can reach us at sokhitrading@gmail.com

Sejal Architectural Glass Ltd " Multibagger in the making"

Sejal Architectural Glass Ltd (SAGL) is in the business of processing glass and has processing facilities for insulating, toughened, laminated and decorative glasses. SAGL has an integrated processing unit, having processing lines for all specialty glasses (Insulating, Toughened and Laminated) under one roof.

SAGL has three distinct SBU’s i.e. Processing, Retail and Float glass manufacturing. Till FY07 the revenues were purely generated from the processing division. The retail division commenced its operations from April, 2007. Further the float glass plant which is the main inflexion point is under construction and would be operational in Q1FY10.

With this SAGL becomes a complete value chain providing company from manufacturing of glass to selling of high end lifestyle products for home décor(art & artifacts, lights & luminaries, sanitary - ware & bath fittings and glass products).

Investment Rationale:
Net Profit to grow 11x by FY12
The 550tpd capacity float plant is likely to transform this Rs55 Crore company into a Rs450 crore company by FY12; i.e. a whopping 8x growth. As a result of backward & forward integration, bottom line is expected to grow over 11x by FY12 to Rs49 crore.

Trading at close to Book value
The book value per share of SAGL is currently Rs50. This translates into a P/BV ratio of 0.48, which is significantly lower than P/BV ratio of 3.6 for its peer. Moreover, if we consider the replacement cost, implied value per share turns out to be approx. Rs135.

First fully integrated Indian player in architectural glass
SAGL is currently having a processing unit and is now setting up a new float glass manufacturing facility. This initiative of backward integration would help the company in procuring raw material for its processing unit. This will reduce raw material cost, dependence on imports and other domestic players for glass, thereby improving operating margins from 16% in FY08 to 34% by FY12.

Demand for glass to remain robust
The per capita consumption of glass in India is about 0.55 kg, which is much lower than 11 kg in USA and 2-5 kg in South-East Asian countries. It clearly shows the growth opportunity in the under-penetrated market. The demand for processed glass has also grown by more than 35% annually, in last 2 years.

Financials and Valuation:
We initiate our coverage on SAGL with a BUY rating at CMP Rs 25 and twelve months price target of Rs124 based on our DCF model. The stock is currently trading at P/E of 5.63x its FY09 earnings of Rs4.26. Company’s EV/EBITDA and EV/Sales of FY08 is 16.7x and 2.7x respectively.

Punj Loyd "A Screaming Buy"

• Punj Lloyd has reported a strong set of numbers for Q2FY2009 led by strong performance by both the stand-alone company and its subsidiaries. The net income from operations on a consolidated basis rose by 53.5% year on year (yoy) to Rs2,953 crore as against our estimate of Rs2,812.9 crore.

• The operating profit of the company grew by 52.8% to Rs299.4 crore resulting in an operating profit margin (OPM) of 10.1%. The strong operating performance at a consolidated level was also aided by an improved operating performance of the stand-alone entity. On a consolidated basis the OPM of the group was more or less flat (down 5 basis points) at 10.1%.

• During H1FY2009, the company has provided for Rs88 crore on account of foreign exchange (forex) loss, which has been provided for at the operating level. Of the aforesaid amount around Rs38-40 crore has been accounted in Q2FY2009, which has dragged the OPM of the company.

• The depreciation charge was up by 31.5% yoy to Rs43.8 crore while the interest charge went up by 24.6% to Rs49 crore.

• Consequently the net profit post the minority interest went up by 61.1% yoy to Rs144.1 crore as against our expectation of Rs132.1 crore. The profit though marginally above our estimate is sharply ahead of street estimate.

• The current unexecuted orders stand at Rs21,675 crore as on date as against Rs20,162 crore in Q1FY2009. The company bagged Rs5,600 crore worth of orders during the quarter.

• At the end of FY2008, the auditors had made qualification regarding cost over-run in one of the project being executed by PLL, provision for which has not been made by the company. The amount earlier stated at Rs194.8 crore has been increased to Rs221.6 crore. The management maintains that it would achieve breakeven level on the project.

• We continue to maintain Buy call on the stock. At the current markets price the stock trades at 9.5x and 7.2x FY2009E and FY2010E fully diluted earnings per share (EPS).

Sokhi Inside News for 24th October !

SEBI's response FII short selling will lead to short term rally but, -ve to the market .

Likely cut of Repo rate on RBI meet today.

Cut in Petrol rates may hit market in coming week.

Sugar companies are challenging the SAP pricing in the court and heard that pricing is not ecofriendly and companies may win the case. Likely sugar companies may blasting in near future.

Despite of economic crisis the education sector is not facing heat, and margins in the sector is high. So keep accumulating stocks like NIIT, Everonn and Educomp which are more hit in the current Market scenario.

Sokhi Sure Shot Calls for 24th October !

MONNET ISPAT (BUY ) 175-177.5 (Target1) 182( Target 2) 188 (Sl) 172.5
(BUY 100 SHARES ) ( TARGET OF +200 IN 08 TRADING SESSIONS) (BUYBACK AT 300/- BY THE COMPANY MAY PULL THE STOCK TO 250 LEVELS IN SHORT TERM OF 03 MONTHS)

GAIL (BUY ) 224-226 (Target1) 231( Target 2) 236 (Sl) 221.5
(BUY 100 SHARES )

Sokhi Market Outlook for 24th October !

Unprecedented selling off across the board stopped out till yesterday’s afternoon trade with inflation at 11.01% giving a good news of for the week, but it could not enthuse the markets. FII being continuous selling side made markets tumble in the second half leading to fall of Sensex 398 points. And Nifty with 122 points.

Volatility continued Thursday as the Dow turned an early 1.5% loss into a 3.3% gain, The Dow rallied late in the session to finish 2.0% higher. And Nasdaq down by 2%.

Asian markets are trading below with 2 to 3 % down and Nikkie slipping in to deep low.

The positive of yesterday’s market was the capital goods majors are bucking the trend with positive close indicates confidence in capital goods sector . Post Results of RIL and other majors market will be reacting today’s trade. The RIL GRM is effected slightly.

The factors which are going to decide are:-

1. FII borrowing and lending issue by SEBI decision, - Short term
rally as FII are to square up short positions.

2. RBI Policy review today – Likely cut in Repo rate by 50 BPS.

3. Positive factor of Inflation – Fuel rates may ease in coming week
(May be Diwali gift by government and comes to single digit in few
weeks.)

Today Market may dip at opening due to global cues but likely to consolidate and some sectors like capital goods continue to move upwards. RIL may face selling pressure and RPL will hit low in today’s trade. The market will be reacting to the events of the day.


Overall we expect a negative opening and consolidation with slight positive closing today.

Rural Electrification Corporation " A Sell "

We recommend a sell in Rural Electrification Corporation from a short-term perspective. It is apparent from the chart of Rural Electrification that it has been on an intermediate-term downtrend since the day of its listing in March. The stock touched Rs 128, its all-time high on that day and it has been forming lower tops and lower bottoms since then.

However, after recording a life-time low of Rs 62 on October 10, the stock witnessed a corrective up move to Rs 75 level. Due to the presence of significant resistance at around Rs 75 level, the stock failed to surpass this level.

On October 22, the stock tumbled 6 per cent accompanied with above average volume. The daily relative strength index (RSI) is on the verge of entering the bearish zone from the neutral region and the weekly RSI is featuring in the bearish zone. The intermediate-term down trendline is intact.

Our short-term forecast for the stock is bearish. We anticipate the stock to decline further until it hits our price target of Rs 63 in the forthcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 74.

Sokhi Sure Shot Calls for 23rd October !

DR REDDY (SELL) 465-470 (Target1) 455 ( Target 2) 448 (Sl) 473
(SELL 50 SHARES IN THE OPENING TRADE - Q2 PROFITS DOWN BY 50%)

PAGE INDS (SELL) 416-418 (Target1) 406 ( Target 2) 385 (Sl) 420
(SELL 50 SHARES IN OPENING TRADE )

TITAN INDS (SELL) 916-920 (Target1) 895 ( Target 2) 875(Sl) 925

Sokhi Market Buzz for 23rd October !!

DR REDDY LABS LIKELY REPORT 50% DOWN IN PAT.

MARKET LIKELY TO BOUNCE IN THE LOWER LEVELS.

ECB LIBERALISATION IS LONG TERM BENEFIT.

PETROL RATES LIKELY CUT IN THE NEAR TERM

REPO RATE CUT OF 50 BPS IS ON CARDS IN RBI POLICY MEET ON 24TH OCT.

Sokhi Market Outlook for 23th October !

With Indian markets tumbling with 500 points in Sensex and Nifty with 150 points amid selling spree by FII is worth worry and corporate results could not enthuse the market and selling across the board continues.

Again Due to overnight US DOW tumbling again with 500 points and NASDAQ with 80 points due to poor earnings by biggies.

The cue from US followed again by shedding across Asian bourses is found in blood shed almost all markets and loosing around 5% to 9% .

The Singapore Nifty opened with a low of 6% and quoting below 3000 level and is also a sign for the market to be in below 3000 below levels.

Today Market opens with deep low making a historic low of 3000 below in Nifty and Sensex in Year low. There might be likely bottom fishing in all biggies by the smart investors.

The positive for the market is that crude dipping below 67 dollars is worth note and government may initiate a fuel price cut at any time and also aids the forth coming elections in four states. And also RBI likely cut another Repo rate by 50 BPS at any time.

Watch out TCS, Wipro, DR Reddy labs result. RPL is quoting below 100 levels is worthful. Watch out surprising gains on fertilizer stocks in lower levels.

Overall we expect a negative opening and downfall and stabilizes around Sensex at 9650 and Nifty at 2800 levels. Buying may emerge at these levels.

Tata Chemicals : Sokhi Scrip Scan !

We recommend a buy in Tata Chemicals from a short-term horizon. It evident from the charts of Tata Chemicals that it was on an intermediate-term downtrend from its 52-week high of Rs 440 (recorded on May 29), forming lower bottoms and lower peaks. During early September, the stock’s intermediate-term downtrend accelerated and the stock witnessed a sharp decline. In a short span of four weeks, the stock lost almost 54 per cent as it tumbled from Rs 330 to Rs 150.

However, the stock found support at Rs 150 (long-term support level, 2005 low) and bounced up shaping a bullish engulfing candlestick pattern, a bullish reversal pattern. Reinforcing the bullishness, the stock surged 5 per cent accompanied with above average volume on October 21. Both the daily and weekly relative strength indexes have recovered from the oversold zone.

The daily moving average convergence and divergence is signalling a buy. We are bullish on the stock from a short-term perspective. We expect the stock to rally until it hits our price target of Rs 195 in the approaching trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 168.

Sokhi Inside News for 22nd October !!

Indian markets may be injected with $2 billion from Norway’s Government Pension Fund – in a vote of confidence by the oil-flush Scandinavian nation to the “India Story

Micro Technologies has recently launched Micro Wi-Fi security system which works on Radio frequency technology. At current levels, it is a steal.

Sources say that UK based fund is accumulating MOSERBAER in open market.

Software major Wipro has tied up with Sun Microsystems to widen its reach within the Gulf Cooperation Council countries such as UAE and Saudi Arabia.

Sokhi Sure Shot Calls for 22nd October !

BEST BUY
UB HOLDINGS (BUY) 129-131 (Target1) 134.8 ( Target 2) 138 (Sl) 124 ( BUY 100 SHARES IN OPENING TRADE )

CHEMCEL BIO-TECH LTD (BUY) 3.9-4 (Target1) 4.7 ( Target 2) 5.2 (Sl) NO SL ( BUY 2500 SHARES FOR TARGET IN NEXT 8-10 TRADING SESSIONS)

Sokhi Brokers’ byte !!

Company: Infosys Technologies
Broking House: Angel Broking Ltd
Current Price: Rs 1,202.55

Infosys recorded a strong 11.6 per cent Q-o-Q and 32 per cent Y-o-Y growth in top-line for the quarter ended September 30. The significantly higher rupee growth rate was on account of the higher rupee-dollar exchange rate during the quarter (six per cent Q-o-Q ). The broking house has tipped the software major to post a CAGR growth of 21.2 per cent in the top-line over FY2008-10E, while the bottom-line would grow at a CAGR of 18.5 per cent over the same period. It has downgraded the earnings per share estimates for FY2009E and FY2010E by around 1.5 per cent and 3.2 per cent respectively. It has maintained a “buy” on the stock, with a revised 12-month Target Price of Rs1,713 as against the earlier Rs 2,124.

Company: Axis Bank
Broking House: Emkay
Current Price: Rs 619.30

Axis Bank’s Rs 400 crore net profit for the second quarter of 2008-09 ending September 30, has far exceeded the expectations in the current market scenario. The robust earnings performance has been driven by better than expected net interest income and other income. The NII has grown by 55.2 per cent Y-o-Y, while the other income has grown by 81.4 per cent Y-o-Y. The operating profit for the bank has grown by 88.9 per cent over the same period in 2007-08 to Rs 870 crore led by robust growth in the operating income. The liability profile for the bank has remained strong with current and saving account deposits maintained at the 40 per cent mark. The broking house has maintained its “buy” rating for the stock.

Company: Maruti Suzuki India
Broking House: Edelweiss
Current Price: Rs 640.45

The near term outlook for Maruti Suzuki is subdued, given modest domestic sales and low margins expected for the second quarter in row. However, the retail sales have been robust so far in October given multiple festivals falling together. For the long term, the company is targeting to achieve sales of 10 lakh units in the domestic market and export 2 lakh units by 2011-12. The company also has plans to widen its distribution network from the current 600 service points to 1,000 by 2011-12. Its product strategy is to pack the high-volume compact segment (A2) with a range of products. The company’s “world strategic model” A-star will be launched at the same time in Japan, Europe, China, and India in November 2008. The broking house has maintained an “accumulate” recommendation on the stock.

Sokhi Market Buzz for 21st October !

ICICI bank may go for buy back of shares to gain confidence in the general public and strengthen the institution.

As per market rumours a large brokerage is accumulating cholamandalam DBS Finance ltd. keep an eye on the stock

PT Punj Lloyd Indonesia, wholly owned subsidiary of the Company in Indonesia has been awarded an Engineering, Procurement and Construction Services Contract of New Fuel Terminal at Pulau Laut, Kalimantan, Indonesia by PT Shell Indonesia, Indonesia for a value of USD 22.48 Million approximately.

If Rumours were to be correct RPL may be under selling pressure as Cheveron may Start selling its stake.

After CRR and Repo rate cuts the next thing which may come this week is the fuel cuts , which may help in reduction of inflation.

Sokhi Sure Shot Calls for 21st October !

BEST BUY
NAGARJUNA CONSTRUCTIONS (BUY) 49-50 (Target1) 53.4 ( Target 2) 57 (Sl) 43 ( BUY 100 SHARES IN OPENING TRADE )

RANBAXY LABS (BUY) 265-267 (Target1) 281 ( Target 2) 297(Sl) 244 ( BUY 50 SHARES, TARGET 8-10 TRADING SESSIONS )

Sokhi Market Outlook for 21st October !

Markets which were oversold last week took a breather yesterday by opening in positive and with the announcement of Repo Rate cut the Sensex zoomed & gained nearly 500 points at one point of time , A sudden selling in markets brought down the markets and closed in green with a final gain of nearly 250 points.

US markets opened in positive & traded above the 9000 figure mark with the hope of another fiscal stimulus which was backed by Ben Bernanke . DOW gained 4.7% by the end of close

With positive US markets , Asian markets are trading in green with maximum indices are in northward direction and are above 2%.Crude oil rose for a third day on signs that the Organization of Petroleum Exporting Countries will reduce production to halt a 50 percent drop in prices since July. Crude oil for November delivery rose $2.40 to settle at $74.25 a barrel.

With positive closing yesterday Indian markets may open in green and in positive , expect a positive trade today as the global sentiment looking good and with repo rate cut may add positive sentiment today with couldnt be capitalised yesterday.

We advice members to go long as the markets looks over done and over sold and this is the time to buy as we expect 250-300 points gain in NIFTY from here on till the expiry , we see reality , IT and banking to perform in todays trade and banking as a whole can be viewed specially PSU's for short term.

My Best Picks !!

A good stock may go up even when the market is going down, while a stinker can go down even when the market is booming.

Our value picks in pharma are Glenmark and Lupin;

in realty are HDIL, Sobha, Purvankara and IRB;

in infrastructure are HCC, Nagarjuna Const and GMR Infra;

in Banking sector are Axis Bank, HDFC Bank, OBC and Corporation Bank;

in media are UTV and TV Today;

in cement are Grasim, Shree Cement and Madras Cement;

in technology sector are Infosys, TCS and Wipro;

in telecom are RComm and Idea; in Metals are Tata Steel and SAIL.

In PSU sector are IOC, BPCL, BEML and RCF.

Dark horse low-priced stocks are Victory Projects, Pitti Laminations, Ecoboard, Pioneer Distilleries and Aluflouride.

Below par counters for surprise gains: Intense Technologies, Indian Toners, Lactose and Chemcel.

Sokhi Sure Shot Calls for 20th October !

BEST BUY
CORE PROJECTS (BUY) 47-48 (Target1) 52 ( Target 2) 55 (Sl) 43 ( BUY 100 SHARES IN OPENING TRADE )

BEST BUY
BANK OF INDIA (BUY) 289 - 291 (Target1) 302 ( Target 2) 314 (Sl) 276 ( BUY 50 SHARES, TARGET 4-5 TRADING SESSIONS )

Sokhi Inside News for 20th October !

Analysts said expectations of stronger crude oil prices in the long run, once the global economy falls back on the growth track, is triggering interest in such stocks. They estimate that investment of $7-8 billion has been earmarked to the oil exploration and production industry by 2010.

Raring bull seen mopping up HOEC

After being heavily short on the market, the raring bull is believed to be nibbling into some probable multi-baggers for the next bull-run. Grapevine has it that he has been mopping up Hindustan Oil Exploration Company (HOEC), amid the slide in the stock in line with the broader market.

Tax sops likely in the steel sector in the next week may boost up the stocks

It is heard on the street that after Diwali the bull market begins upwards and inflation is inching down wards and RBI will start cutting repo rates and interest rates cools off.

It is also heard on the market that we are in close to the bottom and away from 10% of market and may start another bull market after consolidation phase as sentiment makes up.

Watch out fertilizer subsidy in few days and all fertilizer stocks to move upwards.

Going by rumour, Bank of India may merge with State Bank of India , announcement may be made soon .

Marksans Pharma may adopt stake sale to acquire Hales grooup UK.

The acquisition of copper miner Asarco LLC for .6 billion by India-based Sterlite Industries Ltd. is in doubt after Sterlite said it was backing out of the deal.

There is probability of Repo rate cut in coming days which may boost the markets and banking sector as a whole

Rumours on the street that 3i Info projects especially in US are all in trouble and there are no more significant projects coming up.

Punjab National Bank is looking to sell it 74.7% stake in PNB Gilts , Edelweiss Capital and Goldman Sachs are in race for picking up this stake

Warren Buffet - "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," said Buffett.
"And most certainly, fear is now widespread, gripping even seasoned investors." , Bad news is an investor`s best friend

Sokhi Market Outlook for 20th October !

Our markets are turning out to be unpredictable and when all the other major world indices closed in green overall in the week , we ended negative , Sensex lost more than 600 points on friday and the selling came in mid after noon which was intensified by FIIs and no support from Domestic investors.

US markets closed in red on friday and down 1.4% but NASDAQ closed almost flat with loss of 0.4%

Asian markes opened in positive and trading flat but with positive bias. We see Indian markets to open flat to low and may recover from 9900 levels , we advice members to watch the trade rather than playing , it will be wise for long term investors with 2-3 years horizon to just invest 50% at the current scene

Over all we see markets closing above 10000 today , as the markets are overdone and oversold we see trend reversal in this week , we see technical bounce back in the markets coming soon , as the short covering in the markets to come sooner or later.so one can enter heavily beaten stocks in this carnage for quick 8-12% gains in next 10 trading sessions.

Sokhi Best Pick in each Sector !!

This research will help you to Indentify the Cheapest Bargains available in each sector (metal, media, oil etc) pertaining to the current market scenario.

Click Here to get " Best Picks in each Sector " by ICICI Securities.

sokhitrading@gmail.com / 09239 176 426

Sokhi Inside News for 17th October !

Noted brokerage house is recommending NAGARJUNA CONSTRUCTION aggressively to their HNIs as the stock looks attractive at these levels.

Global Markets Mauritius Pvt Ltd increased stake in TELEDATA recently from 5.57 % to 5.95 %

Going by rumours, Stake sale in SPV Karuturi Overseas Ltd to raise 100 million dollars and the deal is expected by first week of November. Keep an eye on KARUTURI GLOBAL.

Corus, the UK subsidiary of Tata Steel, could see improvement in its margins this year, after it signed a five-year deal with Vale of Brazil for supply of 63 million tonnes of iron ore to its European plants. Good times ahead for TATA STEEL ??

Rumours around the corner that we may see cut in Petrol & Diesel as the crude prices have lost more than 50% in matter of 3 months

Sokhi Sure Shot Calls for 17th October !

BEST BUY
UNION BANK OF INDIA (BUY) 163-164.5 (Target1) 169 ( Target 2) 171 (Sl) 157 ( BUY 100 SHARES IN OPENING TRADE )

BUY MIC ELECTRONICS @ 59-62 TARGET -- 79 (5 TO 8 TRADING SESSIONS) (SL - 55)

Market Outlook for 17th october

As we said in the premarket outlook , markets recovered more than 700 points at one point of time yesterday and with FII started their selling in the last hour we lost nearly 300 points at closing.

Tracking US markets, DOW which went down to nearly 300 points by mid trade given a surprise recovery and closed up more than 4% , There was V shape recovery in indices in last hour of trade.

Asian Markets which opened in positve lost some ground but are in positive leaving SEOUL index which is 1% down.

With the recovery markets made yesterday with the news of inflation easing considerably , we see INDIAN MARKETS to open positive today or may be a gap up of more than 200 points in Sensex , we see markets today gaining in the later half and may close in positive . PSU banks are looking best bet in the current scenario , we like BOI , UBI , SBI , SBH , ANDHRA BANK in this space , we may see selling coming in RANBAXY as the news in the counter is negative .

Overall , we advice members to go long in days market, The bottom for markets is very near and so one can start accumulating blue chips / index stocks for long term , we see sensex at 14000-15000 leves by March 09 .

Sokhi Inside News for 16th October !

Gujarat NRE Promoters of the company have added 82 lakh shares in the last one-and-a-half month and comapny is reported to announce results in excellently and outperform the market. Keep an eye on stock.

Next Job cuts to be announced in IT industry and an Indian Company is about to announce soon.

Despite of strong fundamentals but with poor IIP numbers, reduced capital expenditure by corporates, over all slow down in the economy and FIIs spurious selling, some analysts predict 1100 as the short term target for BHEL.

An aggressive operator cornered Brahmanand Himgar , High risk high return, take your call.

Market may surprise everyone today with deep negative opening and positive closing.

Sokhi Sure Shot Calls for 16th October !

ONMOBILE (SELL) 320-323 (Target1) 313 ( Target 2) 305 (Sl) 326 ( SELL 50 SHARES)

BANK OF INDIA (BUY) 267 - 269 (Target1) 274 ( Target 2) 281 (Sl) 264 ( BUY 50 SHARES IN PANIC SELLING IN OPENING TRADE )

*************
NAGARJUNA FERTILISERS (BUY) 16.9- 17.3 (Target1) 19.3 ( Target 2) 21 (Sl) NO SL ( BUY 500 SHARES , TARGET IN 3-4 TRADING SESSIONS)

CORE PROJECTS MAY BE AVAILABLE AT 43 - 45 LEVELS DUE TO PANIC SELLING IN EARLY TRADE , BUY 50 MORE QUANTITY AND AVERAGE THE STOCK .

Market Outlook for 16th October !

Weak global cues from US , Europe and Asia, Indian markets closed nearly 700 points down with IT , Real Estate and metal stock taking huge amount of beating.

US markets yesterday which opened nearly 200 points low never recovered and closed almost 8% down as many predict the country is in the edge of recession.

Asian markets opened in deep deep red and NIKKIE lost more than 10% and rest indices lost between 5-6%.

We see Indian markets to open low and may touch four figure mark in the panic selling but we see markets recovering in the later half and close above 10300 today , Markets to open gap down , so we advice members to buy stocks which will be opening more than 20% gap down in opening as we expect recovery in the later half of the session

Try accumulating blue chips like SBI , RIL , L&T , BHEL for quick 10-15% short term returns , Entering fertiliser counters is not a bad idea at the present scenario as the stock tends to move as soon as the markets recovers.

Small traders trade cautiously with small quanity.

NEW STOCK MARKET TERMS !!

CEO --Chief Embezzlement Officer.

CFO-- Corporate Fraud Officer.

BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW-- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

WINDOWS -- What you jump out of when you’re the sucker who bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who’s now locked up in a nuthouse.

PROFIT -- An archaic word no longer in use.

Sokhi Inside News for 15th Oct !

Promoter’s of JAIPRAKASH ASSOCIATES and it group companies have nearly bought about 4.5 million shares in open markets in recent days

GMR, the infrastructure major with business presence in energy, airports, highways and urban infrastructure, has completed the acquisition of 50 per cent stake in InterGen NV, a global power generation company

Rumour in the street that Marksans Pharma is going to acquire Hales group Britan by Jan 2009.

One more CRR cut is likely to be announced next week.

Sokhi Sure Shot Calls for 15th October !

BEST SELL
SKUMARS NATION (SELL) 36 - 35.5 (Target1) 33.9 ( Target 2) 32 (Sl) 40 ( SELL 500 SHARES)

BEST BUY
CORE PROJECTS (BUY) 60-62 (Target1) 71 ( Target 2) 84 (Sl) 45 ( BUY 50 SHARES , TARGET IN 6-7 TRADING SESSIONS)

Market Outlook for 15th October !

Markets which gained more than 500 points at one point of time yesterday lost nearly 350 points and finally closed with a gain of 1.5% . The profit booking took place in last hour of trade , and there is fresh shorts visible in markets.

US markets which opened almost 300 points gap up also couldnt withstand the gains and came down by the end of the trading session and closed almost flat , Crude also taken a dip and is trading at 79$.

Asian Markets are down after good session yesterday , All the indices are trading in red with a loss of 1-2% on indices

Indian markets may see range bound market today , we may open flat to bit positive but may come to red zone as we see profit booking on cards , we advice members to short the counters which gained in recent 1000 point pull back , there is some fertilisers subsidy news on cards watch out for fertiliser companies , banks may gain in near term as we see one more CRR cut next week.

we advice members to trade with the trend and in small quantities , expect markets to close 1% down today .