FINANCIAL FOCUS ON 08 May 2008

Financial Focus Newsletter

May 08 ,2008

The market had a quiet day despite heavy news flows. Crude oil hit a record high, government asked steel companies to cut prices and rupee continued to trade at record lows. The market was choppy in a range and Sensex closed at 17339, down 33 points and Nifty at 5135, down 9 points from the previous close. The CNX Madcap index and BSE Small caps index were both down nearly 0.25%. Market breadth was negative with 483 advances against 748 declines on the NSE. Top Nifty gainers included Cairn India, TCS and Tata Power while losers included BHEL, SAIL and DLF.

MARKET COMMENTORY

It was a choppy session for the markets that eventually ended flat. For the records it was the third straight session in the red. Market was struggling during the day and at one time it was close to breaching the 5100 mark but late buying in key heavyweights like RIL, Infosys amongst others lifted Nifty closer to the 5150 mark. Cairns was the star of the day as it raced to new all time high on heavy buying. Sugar pack too was in great demand as led by Renuka Sugars most of the industry heavyweights moved higher on good volumes. Steel stocks came under pressure during the day with SAIL leading the decline with almost 3% loss. However, Tata Steel bucked the trend and ended around 2% higher. Major gainers for the day were Maha Life, HOEC, Renuka, S.Kumar's, Cairns, Triveni Engg, Aban Offshore and Indian Bank. Losers included BEL, Sesa Goa, DCB, Axis Bank, Bhel and Bank Of India. Breadth remained negative while the volumes were on the lower side.

Nifty Watch

Nifty remained subdued although it did closed towards the higher side of the intra day range. Nifty could move higher as the corrective phase seems to be ending. Initial indicator could be a consistent trade above 5180 while a close above 5225 would confirm it. On the other hand 5065-80 remains a crucial support for the short term. RIL and Tata Steel are showing signs of moving to the next zone. Tata Steel closed above 825 and it could target 890 and then 940 if it continues to trade above 825. RIL is consolidating nicely around 2650 and is looking ready to move towards the next level of around 2800. Sugar stocks made a come back after being in correction for past few days. Renuka in particular is looking bullish and close above 136 would definitely open the targets of around 160. Balrampur Chini and Bajaj Hind are also looking positive. Amongst others positive bias is seen in Aptech. JP Associates (above 278), NIIT Tech(above 152), SBI(above 1780), Welspun Guj, Rpower, Zee Tele(above 229) and Praj.

STRONG RESEARCH AND LOW RISK

Research Based Calls

HOLDING PERIOD – 1 to 5 DAYS (Low Risky Call)

Dear members Buy Level is given according to Cash Market. When Level cross in Cash market you can buy in future. And one can also trade in Equity.

SCRIP

STRATEGY

STOP LOSS

TARGET

RENUKA FUT

BUY ABOVE Rs.134

129

137/140

RELIANCE FUT

BUY ABOVE Rs.2690

2669

2700/2718

POSITIONAL CALL FOR SMALL INVESTORS

HOLDING PERIOD – 3 to 5 DAYS No Risk Rating 95% accuracy

EQUITY RESEARCH

Shiv-Vani Oil & Gas Exploration Services Ltd.

(522175)   SHIVVANI   Group (S)

 Buy @ 618  Target 750

With a fleet of 25 onshore drilling rigs and six seismic survey crew, Shiv-Vani Oil & Gas Exploration (SOL) has emerged as the largest onshore service provider catering to the needs of oil and gas exploration companies. The augmentation of assets by the company is well timed in the industry upcycle. The heightened exploration activity has resulted in severe shortage of resources with service providers, leading to firming up of day rates (or billing rates per km in case of seismic survey) for various services.

Shivvani is the only company in India to offer integrated solution for Coal Bed Methane (CBM) projects. To meet the rapidly growing energy demands, industry's focus is on the exploration, extraction and commercial utilization of Coal Bed Methane. ShivVani, in collaboration with its global business partners, offers a full range of consultation services for CBM production. Being the only integrated CBM service provider in India, the company expects to benefit from the increased activity in India in this field and has already completed more than 100 CBM projects worldwide. The Company has been awarded the prestigious Rs. 710 Cr. ONGC project spread over the period of 2.5 years for exploration and development of Coal Bed Methane (CBM) in Jharkhand. Going forward, the company expects, CBM projects will provide large source of revenue.

We expect the company to report an EPS of Rs.36-38 for FY09 and Rs.53-54 for FY10. On the technical front, the stock has broken out of a long consolidation pattern and is headed for a minimum of Rs.750. Long term holders with a 12-18 months time frame can expect the stock to go still higher.

BTST CALLS ALERT !

BTST CALLS CLAIM PROFIT 5000 RS PER DAY

After that follow the rule trial Stoploss if your profit above 10,000 in all calls book small investor only risky can carry on with trailing Stoploss

• When you buy BTST put stop loss for next day.
• If we send sms to exit same day then you can exit.
• Fixed your profit like 5000 rs in all BTST CALLS in one day.
• Brave heart Members can fixed your profit 5000 in one call but also put Stoploss of 2000 rs in one call.
• After Stoploss Triggered always wait 5-10 minute.
• If call achieved 80% Target then Safe your 30%-50% of Profit by Trailing Stoploss.

Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. We are not responsible for any losses made by traders. And all fee is not refundable. By visiting our web or newsletter you are agree to our disclaimer and our terms and conditions. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. We are trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations. We have not any position in our given scripts but may be our members have.