Monday, November 22, 2010


New Delhi Television (NDTV) was founded in 1988. It started its journey by live election coverage in India. Later in 1998 it became India's first 24-hour channel in alliance with Star. During this period it also produced 80% of the content for BBC India. It also launched NDTV Online in 1998. Today NDTV is India's first and largest private producer of news, current affairs and entertainment television. Presently it beams channels like NDTV 24X7, NDTV Good Times, NDTV Profit, NDTC Imagine 
NDTV 100-102130135951 Months
to the Indian audiences. It also provides news to mobile users through NDTV Active. NDTV has also
launched 'Astro Awani' channel in Indonesia in partnership with Astro, a leading South East Asia media group. It is a 24 hour news, infotainment and lifestyle channel. It has also launched NDTV Arabia catering to the Middle East countries.

On technical perspective, stock currently in its retracement phase from the highs of Rs 117 on daily basis. Moreover entire correction from the highs of Rs 131 to the lows of Rs 100 seems to be completing at current juncture and we expect some counter actions in upcoming sessions. Moreover technical indicators i.e. RSI and MACD also revealed some buying opportunities in near term. Hence investors are advised to BUY this stock for the target of Rs.130-135 in one month.

Swaraj Mazda, incorporated in 1983 as Swaraj Vehicles, is engaged in manufacturing of vehicles for goods and passenger applications. In 1984 the company entered in a joint venture with Punjab Tractors, Mazda Motor Corporation and Sumitomo Corporation, Japan for the manufacture of light commercial vehicles (LCVs). Swaraj Mazda manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more. Sumitomo raised its stake in the Company to 53.5% by buying entire equity holding of Punjab Tractors Ltd. in the Company in January 2009. Other prominent shareholders of the company are private equity firms Actis (7.74%), CDC (9.28%) and Reliance Capital (7.89%).
SWARAJ MAZDA350-3554004203301 Months
On technical viewpoint, stock currently seems to be forming a shaven bottom pattern from the lows of Rs 340. Moreover stock has already completed its retracement arena and is well poised for a new counter move towards Rs 400 in upcoming sessions. It's RSI and other technical indicators also suggest some buying opportunities in close proximity. Hence investors are advised to BUY this stock for a price target of Rs 400-420 in one month.


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