TRADING LEVELS FOR 22nd May 2007

[tryme me]

Sharp 9.55 grab AMTEK AUTO & WATCH EXPLOSION.

NIFTY FUTURE : Last close 4262.60 The bullishness to continue. Immediately, if the Nifty future sustain above 4274, one can expect it to test levels of 4308. Chances are in this swing the nifty future would reach 4337. There could be a minor profit taking led sell-off around this levels. On the lower side unless it goes below 4237, there is no danger to this upswing.

We have received many phone calls and emails thanking valuerupee.com for it's fantastic recommendations .. Yes we clearly wrote “ We do not see the market cooling down until the Nifty touches all time high levels. Our strong recommendation of Tata Steel exploded by Rs.27, SAIL by 4 %, SBI by a huge Rs.130 … Also check UTI BANK, IDFC, HDFC, HDFC BANK, TITAN etc what more you can expect from us …!!! Just keep on earning …that is all …!!!   One and only one rocket … jackpot for day and future traders : AMTEK AUTO … Nothing else … Just grab this stock at the opening bell … Expect huge explosion … A jump of Rs.20 to Rs.25 maybe today itself …!!! Yes Golden opportunities are coming to you every next day for you to earn … Auto Component Mfr .. Amtek Auto Ltd … stock having very strong fundamentals, lot of positive announcements & FIIs / funds holding good quantity of stock in their portfolio … Technically, stock is on the edge of huge explosion … just grab 25 to 100 lots in futures at the opening bell & enjoy the rally upto 424 & 440 … Crossover and close above this will take stock to 455 mark…!!!

Amtek Auto Ltd Traded as AMTEKAUTO (in futures) Lot size : 600 shares Last close : Rs. 411 The company belongs to the group of a $ 650 million is a leading Indian supplier of automotive components and is an integrated automotive component manufacturer with facilities for forgings, machining and subassemblies in locations in India , the United States and Europe . AAL is a Tier I supplier of auto components to major automobile majors like Maruti, Hyundai, M&M, Ford, Tata Motors, General Motors, Hero Honda, Bajaj Auto, HMSI (Honda Motorcycles and Scooters India) and many others. A look at some of the fundamentals & facts about the company … The company announced mind blowing profit numbers for qtr ended March 2006-07 .. A net profit of Rs. 65.32 crores vs a net profit of just Rs. 44.20 crores for qtr ended March 2005-06 .. With an equity capital base of Rs. 24.84 crores the company announced a dividend of 100 % for the year ended June 2006 …!!! The company sitting on a cash chest of Rs 14.9 billion (Rs107 per share) which would be utilized for further inorganic growth and expansion opportunities which could give a further boost to the revenue and profitability of the company in the near future. Major positive announcements done recently … •  Acquisition of Zelter, Gmbh in Germany. Zelter is one of the three largest manufacturer of Turbo Charger Housing in the world. •  Launching of Lean Six Sigma in its Facilities worldwide. •  Joint Venture Between Amtek Auto and Neumayer TekFor , Germany . •  Inking a strategically important 50:50 joint venture (JV) with a large Canadian blue chip Magna Powertrain for establishing a manufacturing facility outside Delhi , India for 2-Piece Flex Plate Assemblies for Automotive applications •  The company recently announced that Amtek Investments U.K. Ltd, a 100% U.K. based subsidiary of the Company, has acquired the remaining 11.60% share capital of its subsidiary GWK Amtek Ltd. With this acquisition, the stake of Amtek Investments U.K. Ltd in GWK Amtek Ltd has increased to 100%. Believe this or not just 2.7 % … only 2.7 % of the equity is with Indian public … 34.4 % of the equity is with Indian Promoters …Mutual Funds and UTI have 17.17 % and a huge 37.05 % is with FIIs … the prominent ones are HSBC, Goldman Sachs, GMO Emerging, Citigroup etc…!!! Company's progress has been fantastic since last few quarters and technically stock is looking very explosive on the charts … The relationship between price and moving averages is: bullish in short-term, and bullish in mid-long term. Bollinger Bands: Stock has closed above the upper band by 10.8%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. The RSI has just reached its highest value in the last 14 period(s). This is bullish. Just catch this stock at the opening bell itself … Valuations for Amtek Auto are still the cheapest in the entire sector. We recommend strong ‘BUY' on the stock and consider it our ‘Top Pick' for the sector. Our technical team says a huge huge rocket like explosion round the corner .. a spurt of Rs.20 to Rs.25 today itself …Ready to spurt to Rs.424, Rs.440. Soon stock will cross the Rs.455 mark …!!! Do not miss …!!!

CORPORATION BANK : Last close 342.30 Above Rs.345 bulls will have upper hand. As per sources huge short position exist in this counter. Buy at the opening bell keeping stoploss of Rs.330 for an upper target of Rs.349 during intraday trading, Cross over will take this to Rs.363.

CESC : Last close 379.65 Expect heavy short covering in this counter in coming days. Have a close eye on Rs.384, Cross over will take this to Rs.389, Rs.404. Protect plus position with stop loss of Rs371.

ESSAR OIL : Last close 56.95 The short-term outlook will turn out positive the moment stock trades above its hurdle of Rs.57.75!!!! Cross over Rs.57.75 will take this to Rs.61 & there after expect it to zoom to Rs.65 mark.

GLAXO: Last close 1232.50 Trade long if there is a rally beyond Rs.1238. Above Rs.1238 expect it to zoom to Rs.1253, Rs.1275. Protect plus position with stop loss of Rs.1206.

NOTE : This commentary is not a recommendation to buy or sell. Use at your own risk.

Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

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