25 November 2014

Stock Ideas for December 2014:: Edelweiss

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Nifty seasonal analysis indicates that December has been the most favorable month for the bulls. In last 10 year we have seen only 1 year as negative return for Nifty in the month of December. The index has gained with an average of +3.40% in December rally in last 10 years.
The long term trend in the index is bullish and the short term charts are showing strong upside momentum. We expect the index to move higher and test 8800 by the end of 2014.
Nifty Seasonality Analysis
Nifty Index has ended positive 9 out of 10 times in last 10 years indicating best month for the index. 10 year average monthly gain during December month is 3.5%
What to Buy?
  • Historical seasonality analysis suggests that December is the Best month for Metal Index.
  • Metal Index has ended positive 8 times out of 10 times
  • 10 year average gain for the month of December for Metal Index has been over 7% during the same period.
  • Inter market analysis: Ratio of Comex copper and US 30 Year Bond Futures is trading near its historical support level which suggests that copper likely to rebound from current levels
  • Technically, Metal Index has been underperformer and has started showing signs of reversal from its oversold zone
  • We expect CNX Metal Index to move higher to test 3070 level.
Company NameLTP( ` )PE (x)P/BV (x)EV to EBITDA (x)EV to Sales (x)EPS( ` )
Sesa Sterlite235.409.99246.266.912.2423.61
Tata Steel464.4517.68417.337.670.8726.96
JSW Steel1,193.6512.54873.448.571.2697.41

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