Keep Hold Nahar Spinning Mills Ltd touch 100+....

Issue Details ::

Issue Opens on : Monday, September 07,2009

Issue Closes on : Friday, September 10, 2009

Price Band : Rs.950/- to Rs.1050/- per equity share

Issue highlights ::

CRISIL has assigned a CRISIL IPO Grade "4/5". This grade indicates that the fundamentals of the IPO are above average relative to the other listed equity securities in India.

About the Company ::

* OIL is a ‘Mini Ratna’ public sector undertaking (PSU), in which the GoI holds 98.1 per cent equity.
* OIL is primarily engaged in the exploration, development, production and transportation of crude oil and natural gas in India.
* In 2008-09, the company reported a net profit of Rs 21.6 billion on a turnover of Rs 72 billion.It posted an EPS of Rs 101 during the same period, while its book value per share stood at Rs 436.OIL’s return on capital employed (RoCE) and return on equity (RoE) for the year stood at 35.0 per cent and 25.0 per cent, respectively.

NIFTY SUPPORT
Nifty faces resistance to move above 4630 resistance zone,
it may surrender its gains and fall to lower levels.lower levels,
Nifty takes support near 4570-4565 support zone at gap down opening,
Nifty may bounce back and move in upward direction.


INTRADAY STOCK


TATA STEEL :
Buy this stock above 425 only if this stock starts moving in
upward direction from opening level for targets of 428, 432, 436
Keep stop loss at 420.

NIFTY SUPPORT
Nifty stays above 4625 resistance zone, it will try to move in upward direction.
At lower levels, If Nifty take support near 4595-4575 support zone on any intraday decline, again it will bounce back and move in upward direction.



INTRADAY STOCK:

TATA STEEL :
Buy this stock above 420,
stock starts upward direction from opening level for targets of 424, 428, 434.
Keep stop loss at 416.

NIFTY SUPPORT

Nifty manges to move above or remain above 4600-4575 levels,
it may try to move in upward direction.
If it fail to stay above this level on any recover attempt, again,
it may fall to further lower levels.


INTRADAY STOCK


RELIANCE :
Sell this stock at higher levels, stay above 2000, 2010
Down side targets of 1970, 1955.
Keep stop loss at 2025.
below 1960 stock may even fall upto 1945, 1935.

NIFTY SUPPORT

Nifty faces resistance to move above 4680-4710 resistance zone,
it may surrender its gains and fall to lower levels. At lower levels,
If Nifty takes support near 4635 on any intra day decline,
again it may bounce back and move in upward direction.


INTRADAY STOCK

RELIANCE :
Sell this stock at higher levels, stay above 2010, 2020
Down side targets of 2000, 1985, 1975.
Keep stop loss at 2035.

INTRADAY STOCK

S.B.I:
Buy this stock at lower levels 1770, 1765, 1760
bounce back for targets of 1785, 1800, 1815.
Keep stop loss at 1755.


TATA STEEL :
Buy this stock above 445
Targets of 450, 455.
Keep stop loss at 440.