Friday, March 20, 2009

Indian Share Market Voices 20-03-09

 Buy Reliance Power with 7-day targets of Rs 113 and 123, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 96.50, he adds. The stock is at Rs 100.55, up 0.4% on the BSE.  

The markets might see couple of days of easing off from here, says Anand Tandon of Brics Securities on CNBC TV18. He thinks that the markets are not likely to take off in any great hurry therefore, there will be sell-offs after any kind of upmove over the next few days. He does not see any great revival in the manufacturing sector. Therefore, there will not be any demand pull there, he adds.  

Buy Indian Hotels for long-term investment, says Sudarshan Sukhani, technical analyst, on CNBC TV18. It is not a stock for traders though, he adds. The stock is at Rs 37, down 0.3% on the BSE.  

Hold MindTree with target of Rs 275-285, says Rahul Mohindar, technical analyst, on CNBC TV18. Keep stop loss of Rs 220, he adds. The stock is at Rs 233.20, down 9.9% on the BSE.  

Buy Elecon Engineering Company with long-term view, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. It is a safe stock to invest in and downside is limited, he adds. The stock is at Rs 30.60, up 3.4% on the BSE. 

Buy Hexaware at Rs 20 and sell at Rs 40, says Hormuz Maloo, technical analyst with Geojit Financial Services on CNBC Awaaz. This is the range to trade in this stock which is in a technical downtrend now, he adds. The stock is at Rs 26.55, down 7.2% on the BSE.  

Buy Everonn Systems India at above Rs 141-142 with short-term target of Rs 165, says Rahul Mohindar, technical analyst, on CNBC TV18. Keep stop loss of Rs 132, he adds. The stock is at Rs 139.70, down 2.9% on the BSE.  

It was a quiet and uneventful end for the Indian market though the week was not bad. Sensex shut shop at 8973, down 29 points (provisional) and Nifty at 2809, up 2 points (provisional) from the previous close. CNX Midcap index is down 2.5% and BSE Smallcap index is up 0.5%. Top Nifty gainers included Hindalco, Zeel, ONGC and Tata Comm while losers included Tata Motors, ICICI Bank, LT and Siemens.  

Buy India Cement with targets of Rs 113 and 127, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 90, he adds. The stock is currently trading at Rs 94.10, up 0.1% on the BSE.  

Avoid Gujarat NRE Coke which is in downtrend now, says Hormuz Maloo, technical analyst with Geojit Financial Services on CNBC Awaaz. It has resistance at Rs 21 so buy only if it crosses this level, he adds. The stock is currently trading at Rs 20.70, up 10.4% on the BSE.  

Sell DLF on a rally with a target of Rs 180 where one can book profits and exit, says TS Harihar of ICICI Securities, on CNBC TV18. The stock is currently trading at Rs 170.70, down 1.5% on the BSE. 

Traders buy Punj Lloyd with targets of Rs 88, 94 and 100, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 78, he adds. The stock is currently trading at Rs 80.40, up 2.6% on the BSE. 

Hold TTML which is in uptrend now, says Hormuz Maloo, technical analyst with Geojit Financial Services on CNBC Awaaz. Keep stop loss of Rs 20, he adds. The stock is currently trading at Rs 23.20, up 2.4% on the BSE.  

The market is trading on a very quiet note. Akruti City appears to be on the verge of closing with huge losses for itself. Sensex is trading at 8980, down 20 points from its previous close, and Nifty is at 2811, up 4 points. CNX Midcap index is down 2.3% and BSE Smallcap index is up 0.5%. The market breadth is marginally negative with advances at 565 against declines of 599 on the NSE. 

Buy Tata Motors and Tata Steel with long-term view, says Sharad Awasthi, market expert, on CNBC Awaaz. These stocks are expected to double the returns in 3 to 4 years' time, he adds. 

Hold JP Associates with a target of Rs 90-95 and stop loss of Rs 70, says PK Agarwal of Bonanza Portfolio on Zee Business. The stock is currently trading at Rs 79.95, down 0.3% on the BSE. 

Hold Bajaj Auto with a target of Rs 625 where one can book profits and exit, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 557.50, down 1% on the BSE.  

Exit Akruti City, says Phani Sekhar of Angel Broking on CNBC Awaaz. This rally is merely technical and there is nothing fundamentally strong in this, he adds. The stock is currently trading at Rs 1602, down 28.1% on the BSE. 

Hold MindTree with a target of Rs 300-340 and stop loss of Rs 230, says Kiran Jhadav, technical analyst, on NDTV Profit. The stock is currently trading at Rs 240, down 7.3% on the BSE.  

Buy ONGC with target of Rs 950-1000, says Sharad Awasthi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 745.10, up 2.1% on the BSE.  

Buy Jet Airways on dips, says Sudarshan Sukhani, technical analyst, on CNBC TV18. It has resistance at Rs 200, he adds. The stock is currently trading at Rs 164.65, down 8% on the BSE. 

The market is trading in a very tight range today with both Sensex and Nifty looking flat. The European markets are trading lower. Sensex is trading at 8928, down 73 points from its previous close, and Nifty is at 2792, down 14 points. CNX Midcap index is down 2.3% and BSE Smallcap index is down 0.01%. The market breadth is negative with advances at 495 against declines of 644 on the NSE. 

Hold L&T with a target of Rs 725 where one can book profits and exit, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 586.90, down 3.7% on the BSE.  

Hold Reliance Capital with stop loss of Rs 275, says PK Agarwal of Bonanza Portfolio, on Zee Business. The stock is currently trading at Rs 311, down 2.4% on the BSE.  

Hold SAIL with a target of Rs 92 where one can book profits and exit, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 86.85, up 1.2% on the BSE.  

Buy Godrej Consumer Products in staggered fashion, says PK Agarwal of Bonanza Portfolio, on Zee Business. It has support at Rs 110 close to which levels you can buy, he adds. The stock is currently trading at Rs 122, up 0.8% on the BSE. 

Hold Reliance Industries with a target of Rs 1420 after which it can go to Rs 1670, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1329.95, down 1.1% on the BSE.  

Sell Mundra Port on a rally with a target of Rs 375, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 316, up 1.2% on the BSE.  

Hold Punj Lloyd with a target of Rs 90 where one can book profits and exit, says PK Agarwal of Bonanza Portfolio, on Zee Business. The stock is currently trading at Rs 79, up 1.6% on the BSE. 

In the infrastructure space, L&T and Reliance Infrstructure look good for the long term, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. Sell GMR Infra on a rally with a target of Rs 92 and switch to these stocks, she adds. GMR Infra is currently trading at Rs 85, down 1.3% on the BSE.  

The market is drifting lower in sync with global markets and Nifty is struggling with 2800. Sensex is trading at 8895, down 105 points and Nifty is at 2782, down 24 points from the previous close. CNX Midcap index is down 2.44% and BSE Smallcap index down up 0.04%. The market breadth is negative with advances at 482 against declines of 638 on the NSE.  

SMC Global Securities maintains a buy call on PTC with a target of Rs 80 and stop loss of Rs 55, reports CNBC Awaaz. The stock is currently trading at Rs 60, down 0.7% on the BSE.  

Sell Welspun Gujarat on a rally with a target of Rs 80-92 it has support at Rs 53, says Kiran Jhadav, technical analyst, on NDTV Profit. The stock is currently trading at Rs 70, up 2.5% on the BSE.  

HEM Securities maintains a sell call on IVRCL Infrastructure with a target of Rs 103 and stop loss of Rs 117, reports CNBC Awaaz. The stock is currently trading at Rs 111, down 1.2% on the BSE.  

Hold Tata Steel with a target of Rs 186 where one can book profits and exit, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 175, up 1.6% on the BSE.  

HEM Securities maintains a sell call on Mahindra & Mahindra with a target of Rs 325 and stop loss of Rs 362, reports CNBC Awaaz. The stock is currently trading at Rs 357, up 0.55% on the BSE. 

Buy Everonn Systems on dips with a target of Rs 200 where one can book profits, says Paras Luthra, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 138, down 3.8% on the BSE.  

HEM Securities maintains a sell call on Cipla with a target of Rs 183 and stop loss of Rs 204, reports CNBC Awaaz. The stock is currently trading at Rs 199, up 1.04% on the BSE.  

Hold Tata Motors with a target of Rs 194-195 where one can book profits, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 170, down 0.5% on the BSE.  

The market is quiet and seeing some profit booking with midcaps taking a slight hit. Sensex is trading at 8930, down 71 points and Nifty is at 2792, down 14 points from the previous close. CNX Midcap index is down 1.94% and BSE Smallcap index is up 0.10%. The market breadth is negative with advances at 480 against declines of 608 on the NSE.  

Sell Tata Motors on a rally with a target of Rs 192 where one can book profits, says Sudhanshu Pandey of LKP Shares, on NDTV Profit. The stock is currently trading at Rs 170, down 0.5% on the BSE.  

Hold Reliance Capital with a target of Rs 475 where one can book profits, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 312, down 1.8% on the BSE.  

Buy Cairn India with a target of Rs 190 and stop loss of Rs 169, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 178, up 1.08% on the BSE. 

Buy Oudh Sugar Mills with a target of Rs 55-60 in 6-12 months, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 34, up 2.73% on the BSE. 

Hold Tulip Telecom with a target of Rs 450 where one can book profits, says Rakesh Kumar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 352, down 15.8% on the BSE. 

Sell L&T with a stop loss of Rs 621, reports Bonanza portfolio, on Zee Business. The stock is currently trading at Rs 588, down 3.8% on the BSE.  

Buy L&T on dips around Rs 560 with a target of Rs 600-610, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 588, down 3.8% on the BSE.  

The Asian markets continue to trade weak. Poor global cues see our market trade under pressure. Sensex is trading at 8924, down 77 points and Nifty is at 2789, down 18 points from the previous close. CNX Midcap index is down 1.8% and BSE Smallcap index is up 0.01%. There is selling in real estate and banking stocks while metals are supporting the market. The market breadth is negative with advances at 459 against declines of 542 on the NSE. 

SBI will see selling pressure around Rs 980 where one can short it and keep a stop loss of Rs 1005, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 947, down 2% on the BSE.  

Buy NTPC with a target of Rs 182 and stop loss of Rs 175, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 177, down 0.3% on the BSE.  

Sell Sterlite Industries on any rally with a target price of Rs 322 where one can book profits, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 321, up 2.3% on the BSE. 

Buy Axis Bank with a target of Rs 380-420, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 349, down 2.4% on the BSE.  

Sell Tata Motors with a target of Rs 165 and stop loss of Rs 176, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 171, down 2.75% on the BSE.  

Sell Dabur India with a target of Rs 90-88, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 93, up 1.53% on the BSE.  

Buy Axis Bank around Rs 355 with a target of Rs 376 and stop loss of Rs 346, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 351, down 1.9% on the BSE.  

Buy Grasim Industries with a target of Rs 1490-1500 and stop loss of Rs 1440, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 1470, up 0.5% on the BSE. 

The Asian markets are trading weak. The Indian market sees a subdued opening. Sensex is trading at 8959, down 41 points and Nifty is at 2796, down 10 points from the previous close. CNX Midcap index is down 1.21% and BSE Smallcap index is up 0.07%. Banking and infrastructure stocks are taking the market down. The market breadth is negative with advances at 164 against declines of 255 on the NSE.  

Market range is now 2550-2800 and the joker in the pack could be the Re/dollar, says TS Harihar of ICICI Securities, on CNBC TV18. Rupee has strong resistance at 50 and if it crosses this then the market may see inflows of funds, he feels. This could drive the market further up, he adds.  

Nifty has resistance at 2800 and 2700 may not hold, says Siddharth Bhamre, technical analyst, on CNBC TV18. It is best to stay with large cap stocks and stay out of midcaps, he adds. 

Market has seen a decent rally and is now losing steam, says Sudarshan Sukhani, technical analyst, on CNBC-TV18. Expect a dip anytime so now trade this market with a downward bias and go short, he adds. Bulls are tired and have lost control, he feels. Avoid smallcaps, he adds.  

Sensex has strong support at 8800-8900 and is likely to hold these levels, says Anil Singhvi, market expert, on CNBC Awaaz. Midcaps are likely to run today, he adds. 

Nifty has resistance at 2830-2840 and if it breaks out above these levels then it is in an intermediate uptrend, says E Mathew, technical analyst, on CNBC TV18. Nifty maybe forming a base around 2650-2750, he says. Buy Bata India with a target of Rs 135, he adds.