Monday, May 25, 2009

Market Voices 25 May 2009

Market Voices 25 May 2009

Buy Escorts with a target of Rs 74 and keep a stop loss of Rs 57, says stockmechanics.com on CNBC Awaaz, as closing market strategy.

Buy ITC with a target of Rs 198 and keep a stop loss of Rs 186, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Hold Nifty long positions with target of 4400 and stop loss of 4150, says globecapital.com, on CNBC Awaaz, as closing market strategy.

Buy Jagran Prakashan with a target of Rs 98 and keep a stop loss of Rs 65, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 76, up 4.7% on the BSE.

This is a buy on dips market for conservative traders, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The market has room for some more upside and Nifty could go to 4400-4500, he feels. The market will be ranged going forward with a bias to go long, he adds.

The market continues to trade in a range with large caps quiet while midcaps and smallcaps outperform. Sensex is trading at 13899, up 12 points and Nifty is at 4230, down 8 points from the previous close. CNX Midcap index is up 2.79% and BSE Smallcap index is up 5.21%. The market breadth is positive with advances at 1124 against declines of 146 on the NSE.

HCL Infosystems bags BSNL order worth Rs 240 crore to be executed over 7 years, says George Paul, executive VP of the company, on NDTV Profit. The stock is currently trading at Rs 118, up 3.9% on the BSE.

Hold Fortis Healthcare with a target of Rs 112 and keep a stop loss of Rs 80, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 105, up 10% on the BSE.

Buy Rolta with a target of Rs 130 and keep a stop loss of Rs 95, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. The stock is currently trading at Rs 117, up 3.1% on the BSE.

Buy Great Offshore at Rs 325 with a target of Rs 360-380 and keep a stop loss of Rs 315, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 331, up 1.8% on the BSE.

Buy NTPC with a target of Rs 230 and keep a stop loss of Rs 180, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. The stock is currently trading at Rs 213, down 1.18% on the BSE.

Buy Essar Oil at Rs 190 with a target of Rs 220-240 and keep a stop loss of Rs 175, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 171, up 4% on the BSE.

Buy Titan Industries with a target of Rs 1060 and keep a stop loss of Rs 920, says Rajesh Jain of SMC Global Securities, on CNBC Awaaz. The stock is currently trading at Rs 1051, up 3% on the BSE.

Buy NDTV at Rs 155-160 with a target of Rs 220 and keep a stop loss of Rs 130, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 162, up 6% on the BSE.

Our market continues to be under pressure and is trading weak. Sensex is trading at 13846, down 40 points and Nifty is at 4214, up 24 points from the previous close. CNX Midcap index is up 1.68% and BSE Smallcap index is up 3.85%. The market breadth is positive with advances at 1082 against declines of 186 on the NSE.

Hold Ess Dee Aluminium with a target of Rs 325-340 where one can exit and keep a stop loss of Rs 210, says Hormuz Maloo, technical analyst with Geojit BNP Paribas, on CNBC Awaaz. The stock is currently trading at Rs 318, up 6.3% on the BSE.

Buy Praj Industries in dips for the long term, it has a target of Rs 140-155, says MB Singh, technical analyst, on Zee Business. Keep a stop loss of Rs 98, he adds. The stock is currently trading at Rs 108, up 0.05% on the BSE.

Buy NIIT with a target of Rs 64, says E Mathew, technical analyst, on CNBC TV18. The stock is currently trading at Rs 51, up 6.6% on the BSE.

Hold GTL Infra with a target of Rs 48-55 where one can exit, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 41, up 4.6% on the BSE.

Hold Adlabs with a target of Rs 370-380 where one can exit and keep a stop loss of Rs 220, says Rajesh Jain of SMC Global Securities, on Zee Business. The stock is currently trading at Rs 342, up 2.27% on the BSE.

The Asian markets wrapped up a positive session while European markets have opened mixed. Our market is under pressure. Sensex is trading at 13909, up 22 points and Nifty is at 4243, up 5 points from the previous close. CNX Midcap index is up 1.92% and BSE Smallcap index is up 4.01%. The market breadth is positive with advances at 1128 against declines of 140 on the NSE.

Hold Power Grid for long-term to get good returns, says PK Agarwal of Bonanza Portfolio on NDTV Profit. Short-term traders can exit at Rs 132, he adds. The stock is currently trading at Rs 116.85, down 1.6% on the BSE.

Hold Unitech with target of Rs 90 plus in 3-4 weeks, says Hemen Kapadia, technical analyst, on NDTV Profit. It has suport at Rs 61 and resistance at Rs 80, he adds. The stock is currently trading at Rs 73, up 2.5% on the BSE.

Buy Educomp Solutions with target of Rs 3300, says Hitesh Agarwal of Angel Broking on NDTV Profit. The stock is currently trading at Rs 2867.35, up 5.3% on the BSE.

Buy Essar Oil at Rs 160 with short-term target of Rs 185 and medium-term target of Rs 195, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 150, he adds. The stock is currently trading at Rs 178.70, up 4% on the BSE.

Investors should take profits from the markets at the Nifty 4500 level, says Sandeep J Shah of Sampriti Capital on CNBC TV18. He thinks that the valuation of largecaps is fully priced if not over-priced. He adds that in the best case scenario, there could be consolidation around 4800-5000 levels.

Avoid buying Ranbaxy at current levels, says PK Agarwal of Bonanza Portfolio on NDTV Profit. It has underperformed the market and should be bought only on dips, he adds. The stock is currently trading at Rs 266, up 20.4% on the BSE.

Buy Syndicate Bank on dips and hold with long-term view, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. The stock is currently trading at Rs 76.40, up 1.7% on the BSE.

Buy Nifty with targets of 4260, 4293 and 4305, says Rajat Bose, technical analyst, on CNBC TV18. Keep stop loss of 4205, he adds.

Buy Great Offshore at Rs 300 with short-term target of Rs 350 and medium-term target of Rs 380, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 280, he adds. The stock is currently trading at Rs 333.25, up 2.5% on the BSE.

At noon the market is appearing to gain some stability. Midcap stocks lead the gains. Asia is trading mixed. Sensex is trading at 14002, up 115 points from its previous close, and Nifty is at 4256, up 18 points. CNX Midcap index is up 2.2% and BSE Smallcap index is up 4.4%. The market breadth is positive with advances at 1138 against declines of 116 on the NSE.

Hold Era Infra with stop loss of Rs 90, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Exit on rally between Rs 107-130, he adds. The stock is currently trading at Rs 98.60, up 13.5% on the BSE.

Hold Suzlon Energy which has resistance at Rs 105, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Exit when it reaches Rs 125 and invest in some other stocks, he adds. The stock is currently trading at Rs 90.80, down 3.5% on the BSE.

Hold DLF with target of Rs 380-390, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 315-320, he adds. The stock is currently trading at Rs 351, up 5.1% on the BSE.

I expect a correction after the rally and the Nifty may settle around 4000-4050 on expiry, says Tushar Mahajan of Edelweiss Securities on CNBC TV18. He sees a mix of longs and shorts in the market, indicating no clear direction for the near term.

Hold OnMobile Global with stop loss of Rs 375, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Exit when it reaches Rs 450-485 and invest in other telecom stocks, he adds. The stock is currently trading at Rs 401, up 5.5% on the BSE.

Buy Suzlon Energy on dips for investment purpose, says Ashu Madan of Religare on CNBC Awaaz. The stock is currently trading at Rs 90.70, down 3.6% on the BSE.

Hold BHEL and new investors should buy this stock, says Rajesh Tambe of Sunchan Securities on Zee Business. This is the best stock in the capital goods sector, he adds. The stock is currently trading at Rs 1990, up 0.8% on the BSE.

Hold Aban Offshore with short-term target of Rs 940-980, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Long-term investors can expect target of Rs 1500-1600 in two years, he adds. The stock is currently trading at Rs 897.05, up 7.5% on the BSE.

Hold Nagarjuna Fertilisers with stop loss of Rs 32-33, says Ashwani Gujral, technical analys, on CNBC TV18. It has to make a fresh base at the current levels to go up to Rs 50, he adds. The stock is currently trading at Rs 38.95, up 1.8% on the BSE.

Hold Ispat Industries with target of Rs 28-30, says Pradeep Surekha, technical analyst, on Zee Business. It has resistance at Rs 21-22, he adds. The stock is currently trading at Rs 22.13, up 6% on the BSE.

Buy Cairn India on dips with stop loss of Rs 217-218, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 219.30, down 1.1% on the BSE.

Hold Edelweiss Capital with target of Rs 590, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 430, he adds. The stock is currently trading at Rs 449, up 0.1% on the BSE.

Hold NIIT with target of Rs 60, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 43, he adds. The stock is currently trading at Rs 52.20, up 7.9% on the BSE.

Hold HMT with target of Rs 72-73 and stop loss below Rs 53.50, says Pradeep Surekha, technical analyst, on Zee Business. It has resistance at Rs 65, he adds. The stock is currently trading at Rs 62.25, up 4.5% on the BSE.

Buy Ranbaxy and hold for at least two years, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has resistances at Rs 245, 270 and 320, he adds. The stock is currently trading at Rs 233.20, up 5.6% on the BSE.

Hold IOB with target of Rs 90-92, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 75-78, he adds. The stock is currently trading at Rs 85.25, up 1.7% on the BSE.

Hold HDIL with target of Rs 400, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has support at Rs 200, he adds. The stock is currently trading at Rs 295, down 3.9% on the BSE.

Hold Birla Power with target of Rs 4.30 and stop loss of Rs 2.75, says Pradeep Surekha, technical analyst, on Zee Business. It has resistance at Rs 3.45, he adds. The stock is currently trading at Rs 3.32, up 2.2% on the BSE.

The market opens on a quiet and flat note today. The Asian markets are trading mixed. Sensex is trading at 13934, up 52 points from its previous close, and Nifty is at 4244, up 6 points. CNX Midcap index is up 1.2% and BSE Smallcap index is up 3.2%. The market breadth is positive with advances at 618 against declines of 87 on the NSE.

Buy RPL at Rs 136.50 with target of Rs 141, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 133.50, she adds. The stock is at Rs 135.95, up 2.9% on the BSE.

Buy Idea Cellular at Rs 71 with target of Rs 75, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 69, she adds. The stock is at Rs 71.05, up 3.3% on the BSE.

Buy IDBI at Rs 90 with target of Rs 93.50, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 88, she adds. The stock is at Rs 89.75, up 4.6% on the BSE.