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

1. S.B.I., :
Buy this stock at lower levels near 1210, 1200, 1185 only on evidence of support and bounce back for targets of 1225, 1230, 1245. Keep STOP LOSS AT 1185.


2. RELIANCE :
Buy this stock at lower levels near 1765, 1755, 1750
bounce back for targets of 1785, 1795, 1805.
Keep STOP LOSS AT 1740.

S.B.I., :
Sell this stock at higher levels if it fails to cross 1165-1175
Down side targets of 1150, 1140, 1130.
Keep STOP LOSS at 1185.


RELIANCE :
Buy this stock at lower levels or on declines near 1730, 1725
and bounce back for targets of 1755, 1765. Keep STOP LOSS at 1715.
sell this stock at higher levels if it fails to move above 1765-1770
Down side targets of 1740, 1730, 1720
keeping STOP LOSS at 1780.

Nucleus Software Exports Ltd. is a Delhi based company with over 20 years experience of Software development for the Banking & Financial Services industry. The company is focused on Banking, Financial Services and Insurance sectors (BFSI). when you think of a software company catering to the Banking & Financial Institution sector, the first thing which comes to an investors mind is US and the crumbling Banks, Financial Institutions and Insurance companies there – a closer scrutiny of the company shows that contribution from US is just about 1% of the total revenues of the company. And so buying stocks of this undervalued IT sector company is advisable.

The company has a 5 acres State of the Art Development Centre in Noida and employs over 2000 people. Besides Noida, the company has development centres in Singapore, Pune and Chennai.

In the mid to late nineties and early two thousands, when most players in the software industry were focusing on low risk service model focusing mainly on the US markets, Nucleus Software chose to take the High Risk model of Product Development and focused on markets in Asia and Far East, the rewards of which have been accruing to the company over the past few years. Infact, the company’s products like FinnOne and Cash@Will command leadership positions in their respective product categories, with FinnOne becoming the world’s largest selling product in its product category.

Nucleus has offices and subsidiaries across the globe – in Japan, Australia, Singapore, Netherlands, UAE, Hong Kong,Philippines and Korea. The company has four development centres globally. The company has a client list comprising of who’s who of the Banking & Financial sector.

The company has been getting various accolades and awards from time to time, recent ones being :-

a) The company’s product FinnOne has recently been ranked as World’s No.1 Selling Lending Software product by International Banking Systems (IBS), UK for the fourth consecutive year.

b) The Annual Report and Accounts of the company for year ended March 31, 2008, have been adjudged as the BEST under the category 'Information Technology, Communication and Entertainment enterprises' of the 'ICAI Awards for Excellence in Financial Reporting', by the Institute of Chartered Accountants of India (ICAI). A Gold shield will be awarded to the Company by ICAI.

c) For the third consecutive year in 2008, the Company has been selected as one of the “Top 25 Companies Adopting Good Corporate Governance Practices”, by the Institute of Company Secretaries of India (ICSI).

d) For the second year running, the Company has been listed among “Top 15 Exciting Emerging Companies to Work For” by NASSCOM. Your Company has also been recognized under “Best Practices” for Performance Management System by NASSCOM for the year 2008.

Investment Rationale:
Strong Order Flow inspite of Economic Slowdown – Inspite of the slowdown being witnessed across the globe, order flows for the company in the recent times have been strong and the company has added new customers. Nucleus bagged 8 new product orders and acquired 6 new customers for implementing 20 product modules of the FinnOne Suite & Cash@Will in the third quarter of year 2008-09. Product orders were bagged from leading financial institutions in Middle East, South East Asia, India & US. Consolidated for nine months ending December 31, 2008, Nucleus has won 20 new customers and 25 new product orders for implementing 84 modules of FinnOne and Cash Management Suite. The order flow continues in the Jan-Mar 09 quarter too as is evident from various announcements made by the company to the Stock Exchanges in recent months. Despite global recession, the company has not lost any clients.

Insulated from US Markets - The company derives just about 1% of its total revenues from the US markets and is largely insulated from the happenings in the US Financial markets. The company thus may not get significantly impacted by the collapsing Banks & Financial Institutions in the US.

Cash is King – The company has Cash and Bank Balance of over Rs 100 cr. The total market cap of the company currently is about Rs 170 cr. The core business is thus going at very attractive valuations. Moreover, the company carries no secured or unsecured loans on its balance sheet and is totally debt free.

The stock of Nucleus Software has fallen from a high of Rs 600 witnessed in 2007 to a current price of around Rs 50. Even though, the slowdown in the world economy and the margin pressure being witnessed by the company may be some of the factors which have taken a toll on the stock price, we feel that the stock of Nucleus Software has been battered primarily on account of the perception factor – when you think of a software company catering to the Banking & Financial Institution sector, the first thing which comes to an investors mind is US and the crumbling Banks, Financial Institutions and Insurance companies there – a closer scrutiny of the company shows that contribution from US is just about 1% of the total revenues of the company.

Besides the pressure on margins being witnessed by the company, one of the reasons for lower profits was Forex losses of Rs 9 cr in the 9 months of the current FY, which may not be of recurring nature. The company has actively taken cost cutting measures and rationalization of resources, the impact of which we believe will show in the coming quarters.

We believe that this debt free company, having Cash and Bank Balance of over Rs 100 cr available at a market cap of Rs 170 cr is attractively valued at the CMP.

Total shareholding of Promoter and Promoter Group: 59.55%
Foreign/Institutional Investors: 14.54%
Total Public shareholding: 25.91%

Investors can choose to buy stocks at the current price and add on declines.

Source: Multi Bagger Recommendation By Ashish Chugh(Investment Advisor) on Poweryourtrade.

Overview: Today, Nifty may face resistance near 2640, 2665, 2680, 2700, 2730 and may take support near 2610, 2585, 2570, 2545, 2520. If Nifty fails to cross 2640-2665 resistance zone, it may surrender all its gains. Accordingly there will be weakness in the Markets if Nifty falls below 2610 level on lower side.

Stock Tips:

1. INFOSYS : Sell this stock at higher levels if it fails to cross 1205, 1210, 1215 for down side targets of 1190, 1175, 1160. Keep Stop loss at 1220.

2. RELIANCE : Sell this stock at higher levels if it fails to cross 1205, 1210, 1215 for down side targets of 1180, 1170, 1160. Keep stop loss at 1220.

Note:- It is always safe to trade in the direction of the Market. Take long positions while the markets are recovering or moving above and take short positions when the markets are falling without signs of recovery. Always follow stop loss levels strictly.

DISCLAIMER:

2. The Stock Tips and recommendations given in this email news letter is for information purpose only. No representations can be made that the tips given here will be profitable or that they will not result in loss.Trading involves considerable risk. The Tips in our news letter are given with the understanding that readers acting on this information assume all the risks involved and that they are trading at their own risk. The above recommendations are based on the theory of technical analysis and they do not reflect the fundamental validity of the stocks/securities. we shall not be responsible for any loss incurred for acting on the tips given above.

Overview: Today, Nifty may open at lower levels with down side gap in line with other Global Markets. Today, Nifty may take support near 2665, 2650, 2630, 2600. How ever a counter rally or a bounce back from lower levels is not ruled out. A counter rally from lower levels may face resistance near 2690, 2710, 2725.

Stock Tips:

1. RELIANCE : Sell this stock at higher levels if it fails to cross 1235, 1240, 1245 for down side targets of 1225, 1200. Keep Stop loss at 1250. If this stock stock breaks 1200 on lower side, it may even fall upto 1190-1180.

2. S.B.I., : Sell this stock at higher levels if it fails to cross 1000, 1005 for down side targets of 995, 975. Keep stop loss at 1010. If this stock breaks 975 on lower side, it may even fall upto 965-955.

Note:- It is always safe to trade in the direction of the Market. Take long positions while the markets are recovering or moving above and take short positions when the markets are falling without signs of recovery. Always follow stop loss levels strictly.

DISCLAIMER:

2. The Stock Tips and recommendations given in this email news letter is for information purpose only. No representations can be made that the tips given here will be profitable or that they will not result in loss.Trading involves considerable risk. The Tips in our news letter are given with the understanding that readers acting on this information assume all the risks involved and that they are trading at their own risk. The above recommendations are based on the theory of technical analysis and they do not reflect the fundamental validity of the stocks/securities. we shall not be responsible for any loss incurred for acting on the tips given above.

Overview: Today, Nifty may take support near 2760, 2750, 2735, 2720, 2700, 2685 and may face resistance near 2785, 2800, 2820, 2835.
Today, Nifty may take support at lower levels and try to move upwards from lower levels by taking support inbetween 2760-2735 support area. As long as Nifty stays above 2720, there will be chance for bounce back and upward movement. In case if Nifty falls below 2720 and start sustaining there, it is not safe to hold long positions or take long positions.

Stock Tips:

1. INFOSYS : Buy this stock at lower levels or on declines near 1228, 1224, 1220 on evidence of support and bounce back for targets of 1235, 1245, 1255. Keep stop loss at 1215.

2. RELIANCE : Buy this stock at lower levels or on declines near 1280, 1275, 1270 on evidence of support and bounce back for targets of 1290, 1305, 1320. Keep stop loss at 1265.

Note:- It is always safe to trade in the direction of the Market. Take long positions while the markets are recovering or moving above and take short positions when the markets are falling without signs of recovery. Always follow stop loss levels strictly.

DISCLAIMER:
1. The group owners do not have any interest or positions in the above mentioned Stocks.
2. The Stock Tips and recommendations given in this email news letter is for information purpose only. No representations can be made that the tips given here will be profitable or that they will not result in loss.Trading involves considerable risk. The Tips in our news letter are given with the understanding that readers acting on this information assume all the risks involved and that they are trading at their own risk. The above recommendations are based on the theory of technical analysis and they do not reflect the fundamental validity of the stocks/securities. we shall not be responsible for any loss incurred for acting on the tips given above.

BSE Sensex: (8843) we had our supports at 8631 and the market bounced from 8619 and has closed flat thus giving away its sideways structure as expected. We now into F&O expiry in just 2 days and so more sideways action and some short covering is not ruled out…downside seems limited and so the only option is perhaps UP…

The support for the Sensex is 8630 and the resistance to the up move is at 9030-9157


Nifty: (2736) the support for the Nifty is at 2685 and the resistance to the up move is at 2789-2824


BHARTIAIRTEL above 637 SL 634 Target 645-651

L&T above 630 SL 622 Target 645-657