Article in Emagazine of Business Standard on 29.10.12.

1. TALK SHOW
Bullish on gold for next few months
Gold has been volatile off late. What levels do hold our bullish view in SIlver too.
you see the yellow metal stabilizing at?
Gold has given some correction in past couple of Crude has corrected in the global markets.
days but we dont see that prices would be able What levels should one look for now?
to sustain at lower levels for much time. In fact Crude has given a very good correction in past
we feel that present levels are good enough to couple of days but we dont see that prices
initiate a fresh long position for next one to two would be able to sustain at these levels for much
months. We are expecting Gold prices to move time. In fact, we are expecting NYMEX crude to
up and touch levels of $1800 soon and on move up and touch levels of $93 and above that
breakout above $1810, we might see fresh $98 in next few months. So we would suggest
to new life high levels in COMEX We feel that present Crude at present levels or on dips till
upside rally which can take prices one to initaite long position in NYMEX
gold levels are have good demand because of Winter
Sumeet
which is above $1920. As far as $84. Fundamentally also, Crude will
good enough to season in U.S., till will also provide
MCX levels are concerned, present
Bagadia, Head initiate a fresh long support to prices at lower levels and
levels of 30800 are good to
(Commodity and position for next one also technically crude looks oversold to
initiate long positions for the
to two months me.
target of Rs.31800 and if prices
Currency
are able to break and give close
Research),
above Rs 31800 than fresh upside
rally can be seen Rs.33000 in next two months. Where do you see the Rupee heading in the
Destimoney
We are bullish on Gold for next few months. near term?
Securities spoke
Well, we are expecting rupee to appreciate in
Silver saw appreciated over the past few days. near tearm as it has major support at 54.40
to Jinsy Mathew
Is this upmove sustainable? levels. For next few weeks, rupee can move in a
on precious
It seems that Silver will also follow Gold for next range of Rs.2.50 i.e Rs. 54.40 on lower side to
couple of months. We are expecting silver prices Rs.52 on higher side. So at current levels we
metals and
to move up and touch levels of Rs 65000 soon, would like to initiate a long position in rupee for
rupee outlook
so present levels of Rs 59000 is good to initiate the target of Rs 52 and above that Rs 50.50 in
long positions for the target of Rs 65000. If Silver next one to two months. We will continue to
is able to break and give close above these hold our long view on rupee till 54.40 levels.
levels than a fresh upside rally is possible which
can take prices to Rs 70000 in next two to three Cotton prices have been correcting these
months. As far as COMEX levels are concerned, days. Do you see a rebound coming?
we are expecting COMEX Silver to move up and Yes, Cotton prices have given good correction but
touch levels of $35 and above that $38 in next still there is more room left for prices to move
couple of months. With Gold, we continue to down from present levels.
Chandan Taparia, Derivatives Analyst, Anand Salil Sharma, Technical Analyst, Partner,
Rathi Fin Srvcs kapursharma.com
Nifty future has been trading in a range of Two important levels for the Nifty to watch
5640 to 5750 levels since past 12 trading out for are 5620 on the downside and 5730
sessions. Market is just consolidating and on the upside. Till the markets stays in this
waiting for a trigger to breach the trading range then it is advisable that its is a a no
range on either side.Range breakout on trade zone. As in one should avoid trading in
2
either side may give direction to the.... this range.If 5730 is broken on the......
Read more... Read more...

2. FEATURES
Sun TV: IPL buy to be earnings
accretive
The success of this investment
will largely hinge on the
team’s consistent
performance
Sheetal Agarwal
un TV has won the bid for
S Hyderabad franchise of the
Indian Premier League (IPL) T20
Cricket Champonships – diversifying
from its media business. The company
will pay Rs 85.1 crore per annum and
TELEVISION BUSINESS:
the license will be valid for five years.
IMPROVING PROSPECTS
While valuations appear to be cheap,
the success of this investment will
largely hinge on the team’s consistent Sun TV has maintained its leadership
performance. The outlook for the position in Tamil, Kannada and Telugu
television business seems to be space and is a strong number two
improving with digitisation (which position in Malayalam; providing the
will boost subscription revenues) as company strong bargaining power
well as likely pick up in advertising in with advertisers. Unlike its peers in
the festive season. Also, with easing the Hindi general entertainment
political pressure, analysts remain space, regional players such as Sun
positive on the stock. TV are not facing any pressure on
“Backed by improving business significantly lesser price. Including their ad rates. Company expects
fundamentals, attractive valuations players’ salary and other overhead advertising revenue to grow in mid-
(15.8 times of FY14 estimated costs, the total price comes to Rs 136 single digits this fiscal and expects
earnings) and falling political risk for crore per annum. However, the some pick up this festive season.
the business, we reiterate buy on Sun profitability will depend on the teams Digitisation will result in a strong
TV with a target price of Rs 400”, performance going forward. surge in Sun TV’s subscription
believes Ballabh Modani of Religare “Revenues for erstwhile Deccan revenues sue to discontinuation of
Institutional Research. Chargers would be lower owing to under declaration of subscribers.
ATTRACTIVE VALUATIONS,
weaker performance and lower Further, its agreement with multiple
TEAM PERFORMANCE WILL
popularity. However, going forward, system operator (MSO) Arasu will add
BE KEY
depending on the performance of the about Rs 30 crore to Sun TV’s
team, revenue, from franchise subscription revenues annually.
Recent IPL deals took place in 2010 sponsorship and ticket sales, has a Higher subscription revenue will
wherein Pune Warrior Kings and potential to shoot up. We believe the improve earnings visibility of the
Kochi Tuskers franchises were sold for deal may not be EPS accretive in the company. Key risks will be faster
Rs 213 crore and Rs 192 crore immediate future, it has the potential digitisation in Chennai from Direct
respectively for 8 years. When to be so in the near future”, believe to home (DTH) players to Arasu and
3
compared to these recent deals, Sun Karan Mittal and Anil Shenoy of ICICI any unfavorable political
TV appears to have paid a Securities. developments.