OnlineEquityCalls.com

FREE CALL :
BUY ADLAB CASH OR JANFUTURE @ 193
STOPLOSS @ 190
TARGET 1 @ 197
TARGET 2 @ 200

www.Niftyviews.com ear Friends,
· A majority of the analysts in the recently concluded Cnbc Tv18 Poll believed that an immediate market bottom is in place and in 2009 we are unlikely to break 2253. I believe one can trust the outcome of the poll. Wait a minute; before one becomes overtly bullish we closed yesterday 35.25% above October27th lows· I have always maintained that bear market teaches discipline and timing. A good trader is always tested in a bear run as compared to a Bull move. Below is the excerpt from one of my posts on Niftyviews for week starting 27.10.08.

Market remains positive in this week : Nifty rose 189 point ( 6.63%) and Sensex rose 630 point (6.75%) in the last week. In last week, expectations of a second government stimulus package for the economy, hopes of further rate cuts by the central bank and buying by the foreign institutional investors, helped the market reverse losses of the preceding week. The market gained in four out of the five trading sessions of the week ended 2 January 2009

Excel Crop Care
cmp: Rs 93.80
target price: Rs 180
LKP Shares has rated Excel Crop Care a ‘buy’, with a 12-month price target of Rs 180. “We expect ECCL to grow its revenues and profits at a CAGR (compounded annual growth rate) of 43% and 26% over FY07-09 and the stock trading at 3 times FY09E (estimated) earnings, with a dividend yield of 6% is a good bet in the agrochemical space,” the broking house said in a client note.

Rolta
cmp: Rs 119.45
target price: Rs 220
BNP Paribas Securities has maintained its ‘buy’ rating on Rolta and price target of Rs 220, after its acquisition of Piocon, a move that is expected to generate revenues of $100 mn over the next three to four years.

HDFC
cmp: Rs 1,544.95
target price: Rs 1,908
Kotak Securities’ private client research has downgraded HDFC to ‘accumulate’ from buy while trimming its price target to Rs 1,908 from Rs 2,061 earlier, citing the recent slowdown in housing loan demand.

Bank of India
cmp: Rs 296.10
target price: RS 322
India Infoline has upgraded Bank of India’s rating to ‘add’, citing higher earnings visibility and relative stability in turbulent times. “Bank of India is confident of maintaining high-quality earnings growth with a strong focus on key operating ratios. BoI expects loan growth of 24% in FY09, driven by strong demand for rupee funds by domestic corporates,” the broking outfit said.

Calculation of average profit growth of Sensex companies has changed with the setting in of the bear market. Investors and analysts are not ready to add any froth to their average earnings estimates of index companies in the October-December quarter. Many of them are excluding banks’ profit estimates from the average earnings expectations of index companies, as they are likely to deliver sparkling numbers, thanks to the appreciation in their bond portfolios.

MUMBAI: It is the season of freebies once again. Brokers are sparing no efforts to woo retail investors
who continue to stay away from the equity market after last year’s bruising losses. Brokers are hoping that short-term costs will be more than offset by the long-term relationships.

Daryl Guppy, Founder and Director of Guppytraders.com is of the view that Reliance Industries has initial upside target of Rs 1350.

Technical Analyst, E Mathew is of the view that Tata Motors has resistance at Rs 205.

Amitabh Chakrabarty of Religare Securities is of the view that one can sell Satyam Computer Services.