TRADING LEVELS FOR 16th May 2007

[tryme me]

All the trendlines in the major indices remain highly bullish, and momentum is clearly on the upside at this point. We do not see the market cooling down until the Nifty touches all time high.

NIFTY FUTURE : Last close 4130.05 The bullishness to continue. Immediately, if the Nifty future sustain above 4146, one can expect it to test levels of 4187. Chances are in this swing the nifty future would reach 4206. There could be a minor profit taking led sell-off around this levels. On the lower side unless it goes below 4092, there is no danger to this upswing.

Foreign institutional investors (FIIs) are still hungry for Will it be rocket to Rs.565 today?

Kind Attn : Future Traders & Day Traders : Thanks for several communications from your side for the various jackpots recommended by our team since last few days … Yes ... our yesterday's jackpot TITAN & HPCL exploded heavily on the upper side yesterday inspite of weak market … Just day before yesterday we recommended Moser Bear & Adlabs Films … What happened … both exploded by 10 % in 48 hours … Now two more jackpot buy for all of you … first our all time hot favourite recommendation … UTI Bank …. Second … IDFC … Both looking very explosive at current levels … Grab 25 to 100 lots at the opening bell today and just see the stock exploding to Rs. 544 … Rs. 552… Final Target Rs. 565 + in May futures …!!! IDFC … tgt … 116 … 121 ….!!!

UTI BANK LAST CLOSE RS. 533 (IN FUTURES) LOT SIZE : 450 UTI Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank today is capitalized to the extent of Rs. 278.69 Crores. UTI Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. UTI is the largest mutual fund in India . The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. We very strongly recommend to grab this baby at the opening bell in the May futures due to the mind boggling FY 2006-07 results, positive developments and huge holding by FIIs. Important facts and information regarding the bank : First – Mind Boggling annual results for FY06-07 announced … A net profit of Rs. 659 crores as against Rs. 485.8 crores for the year ended FY05-06 … A jump of 36 % in Net profits …A dividend of 45 % for the latest year ….This is really very impressive by any standard for a banking company …!!! Second – Amazing and impressive Q4 2006-07 quarter results declared …On YOY basis Profit after Tax jumped to Rs. 211.89 crores from 151.73 …Yes a long jump of more than 40 % in net profits …!!! Third – Total Foreign share holding ..11.67 crore shares eqvt to 42 % of the entire equity ..!!! Only 5.5 % … Yes just 5.5 % with Indian Public ..!!! Why … Just think over why would HSBC Asia Pacific Holdings UK keep 3.39 crore shares holding … Barclays Capital Mauritius Ltd keep 1.39 crore shares holding … Goldman sachs .. Wasatch Advisors.. many FIIS in the list and the Indian Mutual Funds and UTI keep 1.95 crore shares holding ..!!! Fourth – In the last few months the company raised 1000 crores of funds through debentures Apart from robust growth it indicates ambitious future plans !!! The company has also set up a base in Sri Lanka & tie up with Geojit Financial Services to offer Online Trading service to its customers …!!! led Reliance money has tie up with UTI bank for banking transaction …Just think what will happen to the price of this banking baby …. Intelligent traders can understand what we mean …!!! Continuous momentum in asset growth and increasing branch distribution has propelled FII investments in this banking company … Technicals and charts suggest a continuous buying pattern in the stock with a huge bullish breakout in the stock yesterday itself & it is the start of a huge explosive rally… The relationship between price and moving averages is: bullish in short-term, and neutral in mid-long term. Currently the MACD is bullish since it is trading above its signal line. The RSI has just reached its highest value in the last 14 period(s). This is bullish. Those who keep for long term we can loudly say “AN INVESTMENT can be considered in UTI Bank”. Given the growth recorded by the bank in the past several quarters and the continuing momentum, the stock's valuation is attractive at current levels. Even on several key profitability parameters, the UTI Bank stock appears attractive, strengthening the case for investment. Technically stock shall non-stop rally to Rs. 544 … Rs. 552 …Immediate target in futures … Rs.585 + … !!! Buy 25 to 100 lots at the opening bell and enjoy the rally … Have patience and then you will see the May futures shall see all our price targets ..!!! It will cross our immediate target of Rs.585 in 3 to 4 trading session itself.… Looking so explosive … do not miss …!!!

IDFC Lot size : 2950 shares Last close : Rs. 109.05 NOTE : As per sources huge selling in this counter yesterday was fully absorbed!!!!!! Wise people started accumulating. We are very bullish in banking and finance stocks … Best pick for the day and from today onwards … Grab IDBC … 25 to 100 lots at the opening bell … Why ?? Because of this … Mind boggling results declared by the company … A net profit of Rs. 85.09 crores for Q4 2006-07 vs Rs. 73.55 crores for Q4 2005-06 …!!! For the full year 2006-07 .. an impressive net profit of Rs. 462.87 crores vs just Rs. 375.6 crores for FY 2005-06 …!!! Explosive news & decisions taken by the company few days back … Just read this … 100 % it is mouthwatering developments …!!! Approved a plan to raise capital through issue of equity or quasi-equity instruments upto US$ 500 Million equivalent Indian Rupees…!!! Recommended payment of dividend for the financial year ended March 31, 2007 at the rate of 10%, i.e. Re 1/- per equity share & the real explosive news …Approved the increase in FII shareholding limit in the Company from 49% to 74% …!00 % stock is going to explode like a rocket in coming days …!!! Our research team has discovered another very important data … Khazanah Nasional Berhad has bought 10 crore shares … yes 10 crore shares through open market … upping the stake from a small 0.98 % to a huge 9.95 % after post acquisition …!!! This is a major news for the shareholders … Sky is the limit for the price of the stock of this company for sure …!!! Technically, stock is ready to explode and cross it's 52 week high … our research team says today itself … Just grab 25 to 100 lots of this company at the opening bell .. Our non stop target Rs.116 & 121 in the short term in futures … thereafter sky is the limit … Just do not miss this one … Real explosive stock for our dear readers …!!!

ORIENTAL BANK : Last close 209.05 … Stock is looking very explosive at current levels .. it could turn out to be a jackpot of May futures… Grab at the opening bell for an upper target of Rs.219 … Crossover and close above this will take stock to Rs.228 … Do not miss …!!!

BHARTI : Last close 834.75 … Stock is looking very explosive at current levels .. Just grab at the opening bell for an upper target of Rs.816… Crossover and close above this will take stock to Rs.848 and Rs.863, Rs.885 levels … Do not miss …!!!

ZEE : Last close 295.10 … Stock is looking highly explosive at current levels. Buy considering Rs.285 as strict stoploss for an upper target of Rs.303. Crossover and close above this will take stock to Rs.309 and Rs.315 mark in coming days. Buy this stock on every decline.

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.

---

Give spam the boot. Take control with tough spam protection
in the all-new Yahoo! Mail Beta.