United Bank of India - Fundamental Analysis

We expect the bank to maintain an EPS of 15-18 by FY2013. Even if we take its long term average PE as 5, the price will touch Rs 75-90, appreciating about 20% from here.

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IDFC - Technical Analysis

The 10 days EMA has cut the 20days and 30 days EMA from below on 14th Sep 2012 when the stock was at 134 level. A buy signal has been triggered from that level only.

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LIC Housing - Technical Analysis

LIC Housing was in a trading range of 245 to 280 level for last one year. But in Mid December, It broke out from the level of 280 and touched a 52 week high of 300. After that it went into a sharp correction and again trading in that 280 level. Now in the process the stock has created a bearish Head & Shoulder pattern.

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Infosys - Technical Analysis

No one needs an introduction of Infosys. The IT bellwether is always there in the watch list of a serious stock market investor. This stock has never disappointed long term investors but recently it has been generating opportunities for short term investors too. Just have a look at the white spots in the chart below.

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eClerx - Fundamental Analysis

Excellent growth since inception, high profit margin, and a consistent performance, eClerx has been one of the most interesting companies in last few years. It has a terrific management team that has taken this company from nowhere to a company which generates about 500 crore in revenue today.

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The name is Bond, Inflation Indexed Bond

Written on 15 March 2013 by Pankaj Priyadarshi

Benjamin Franklin once said that the only things certain in life are death and taxes. While taxes may not be true for many people, death is. After...

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Tax implication on bonus shares and stock...

Written on 01 March 2013 by Pankaj Priyadarshi

Companies pay dividends to share the earnings. They do it in two ways, either as bonus share (also known as stock dividend) or cash dividend. In case of...

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Income Tax Planning for 2013

Written on 21 February 2013 by Pankaj Priyadarshi

The season is back, like every year, and the hunt for the best tax saving scheme as well as the best investment has begun. There are some things in life...

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Bharti Airtel – Technical Analysis

Written by Bimlesh Singh

Thursday, 15 December 2011 16:11

The Big Picture

Bharti as a telecom provider can confidently boast of most loyal customer base in India and as a telecom provider offers most wide range of products having operations in almost 19 countries across Asia and Africa. If we look at the technical chart of 2011 we can very well identify that soon it might test its long term support of 315. It has already broken the head and shoulder neckline intermediate support of 345 convincingly and today it had a gap down opening too.

Recommendation (Best Strategy)	Bullish - Buy Round 320 Sell Round 400
Current Price	337
Target	Bullish – 400
Time Frame	1 Month
Stop Loss	Bullish – 305
Event to watch	Bullish - Nifty trades above 4650
Date of Analysis	15/12/2011

The Strategy

The best strategy to play with this stock for short term gains is buying round 320 with strict stop loss of 305 and selling round the three targets of 355, 368 and 400 where ever you are comfortable with the level of profit. RSI is round 33 currently which indicate that it’s oversold and if market sentiment improves it can outperform the nifty. Mind it; you should not hold the position below 305 as it will become an ideal candidate for short selling. Head and shoulder neck line is already broken and if the long term support of 315 gets broken it will definitely enter a downtrend.