Saturday, June 27, 2009

Brokerage Recommendations 23 June 2009

Brokerage Recommendations 23 June 2009

Hold IDFC with short-term target of Rs 155-160, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is at Rs 136.15, up 6.5% on the BSE.

Buy Corporation Bank with target of Rs 360, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 300 on closing basis, he adds. The stock is at Rs 334, up 2.1% on the BSE.

Buy Nifty with target of 4350 and stop loss of 4220, says Ashwani Gujral, technical analyst, on CNBC TV18, as market closing strategy.

Buy Tata Tea at Rs 700 with target of Rs 750, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 685 on closing basis, he adds. The stock is currently trading at Rs 720.60, down 0.9% on the BSE.

Buy Uttam Galva Steels at Rs 42 with target of Rs 55, says Rajeev Agarwal, market expert, on Zee Business. Keep stop loss of Rs 38, he adds. The stock is currently trading at Rs 42, down 2.2% on the BSE.

Buy DLF with target of Rs 333, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 303, he adds. The stock is currently trading at Rs 315.30, down 2.4% on the BSE.

Buy Syndicate Bank with target of Rs 77, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 62 on closing basis, he adds. The stock is currently trading at Rs 70.60, down 1.9% on the BSE.

Few minutes before close, the market appears to be consolidating, making some recovery with both the major indices in the green now. Sensex is trading at 14374, up 48 points from its previous close, and Nifty is at 4264, up 29 points. CNX Midcap index is up 0.1% and BSE Smallcap index is down 0.5%. The market breadth is negative with advances at 501 against declines of 716 on the NSE.

Buy Alok Industries at Rs 19-20 with target of Rs 24, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 18.50 on closing basis, he adds. The stock is currently trading at Rs 22, up 3% on the BSE.

In an F&O call, sell Nifty with target of 4090 and stop loss of 4285, says Anuj Dikshit, market expert, on CNBC Awaaz.

In an F&O call, buy Nifty with target of 4270 and stop loss of 4190, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz.

In an F&O call, sell Nifty with target of 3950 and stop loss of 4280, says Hardik Jain, technical analyst, on CNBC Awaaz.

In an F&O call, sell Nifty with target of 4100 and stop loss of 4350, says Hormuz Maloo, technical analyst, on CNBC Awaaz.

Hold Spice Communications with targets of Rs 95 and then 150, says Rajeev Agarwal, market expert, on Zee Business. Keep short-term stop loss of Rs 60 and long-term stop loss of Rs 50, he adds. The stock is currently trading at Rs 68.45, down 3.7% on the BSE.

Buy Tata Motors with target of Rs 366, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 330, he adds. The stock is currently trading at Rs 341.80, up 2.5% on the BSE.

Buy Hindalco, National Aluminium and Sterlite Industries at current levels, says SP Tulsian, investment advisor, on CNBC TV18. He is positive on these stocks.

Buy SBI with target of Rs 1743, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 1693, he adds. The stock is currently trading at Rs 1709, up 0.8% on the BSE.

The market is now trading choppy with midcap and smallcap stocks under pressure. Sensex is trading at 14148, down 177 points from its previous close, and Nifty is at 4194, down 40 points. CNX Midcap index is down 1.2% and BSE Smallcap index is down 1.7%. The market breadth is negative with advances at 266 against declines of 942 on the NSE.

Buy Thomas Cook with short-term target of Rs 65, says Rajeev Agarwal, market expert, on Zee Business. Keep stop loss of Rs 45, he adds. Long-term investors can keep stop loss of Rs 40 with target of Rs 90, he says. The stock is currently trading at Rs 52.50, down 1.9% on the BSE.
Buy RIL with target of Rs 2031, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 1971, he adds. The stock is currently trading at Rs 1978, up 1.3% on the BSE.

Hold JP Associates with targets of Rs 210-220 and then Rs 250-260, says Nitin Muraka of SMC Global Securities on Zee Business. Keep stop loss of Rs 180, he adds. The stock is currently trading at Rs 194.20, down 3.3% on the BSE.

Hold McLeod Russel with stop loss of Rs 90, says Rajeev Agarwal, market expert, on Zee Business. It has resistance at Rs 120 at which level book partial profits and hold rest with target of Rs 150-175, he adds. The stock is currently trading at Rs 109.85, up 3.4% on the BSE.

Buy Sesa Goa with a target of Rs 225, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 181, down 4.7% on the BSE.

Hold Tata Motors with a stop loss of Rs 318, says Nitin Muraka of SMC Global Securities on Zee Business. The long-term uptrend is intact, he adds. The stock is currently trading at Rs 342, up 2.5% on the BSE.

The market at this hour appears to be making some kind of a recovery and has come off the day's lows. Europe opened in the red but is now trading flat. Asian markets closed in the negative. Sensex is trading at 14282, down 43 points from its previous close, and Nifty is at 4236, up 1 point. CNX Midcap index is down 1% and BSE Smallcap index is down 1.5%. The market breadth is negative with advances at 297 against declines of 906 on the NSE.

Hold McLeod Russel with a target of Rs 115-130, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 109, up 2.54% on the BSE.

Hold Biocon with a target of Rs 220 where one can exit and keep a stop loss of Rs 180, says Neera Jain of crnindia.com, on NDTV Profit. The stock is currently trading at Rs 199, down 3.61% on the BSE.

Hold Tata Steel with a target of Rs 550-600 in 12-18 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It's a fundamentally sound stock and is currently trading at Rs 394, down 2.02% on the BSE.

Hold Punj Lloyd with a target of Rs 225 where one can exit and keep a stop loss of Rs 175, says Neera Jain of crnindia.com, on NDTV Profit. The stock is currently trading at Rs 190, down 5.5% on the BSE.

Buy RIL with a target of Rs 3000 in 12-18 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. For a trader, the stock has resistance at Rs 2070 and if market falls further the stock could correct to Rs 1860 and then Rs 1680, he says. Around lower levels the stock is an excellent buy for the long term, he adds. The stock is currently trading at Rs 1986, up 1.72% on the BSE.

Hold Unitech with a target of Rs 90-92 and keep a stop loss of Rs 70, says Neera Jain of crnindia.com, on NDTV Profit. The stock is currently trading at Rs 72, down 6.85% on the BSE.

Buy Texmaco, Kaindee Rail, Titagarh Wagons and BEML for 20-25% upside over next two weeks, says Ashwani Gujral, on CNBC TV18. These are budget-linked stocks and are thus likely to rally, he adds.

Hold Jay Shree Tea with a target of Rs 215-230 and support of Rs 185, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 200, up 1.2% on the BSE.

Hold HCC with a target of Rs 110-120 where one can exit the stock and keep a stop loss of Rs 90, says Nitin Muraka of SMC Global Securities, on Zee Business. The stock is currently trading at Rs 99, down 2.17% on the BSE.

Buy Suzlon with an intra-day target of Rs 115, says Hemant Thukral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 104, down 4.23% on the BSE.

Hold Tech Mahindra with a target of Rs 800 and support of Rs 650, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 753, up 1.74% on the BSE.

Hold MTNL with a target of Rs 102-104 where one can exit the stock and keep a stop loss of Rs 89, says Nitin Muraka of SMC Global Securities, on Zee Business. The stock is currently trading at Rs 94, down 1.20% on the BSE.

Hold SBI with a target of Rs 1730-1740 and stop loss of Rs 1680, says Nitin Muraka of SMC Global Securities, on Zee Business. The stock is currently trading at Rs 1682, down 0.76% on the BSE.

Sell LIC Housing Finance with a target of Rs 530 and stop loss of Rs 590, says Raj Kishore Bank, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 558, down 1.46% on the BSE.

Buy Suzlon around Rs 98 with a target of Rs 135-140, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 106, down 1.9% on the BSE.

Sell Bajaj Hindustan with a target of Rs 180 and stop loss of Rs 230, says Raj Kishore Bank, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 200, down 4.69% on the BSE.

Hold Bank of Rajasthan with a target of Rs 75 and support of Rs 48, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 57, down 4.8% on the BSE.

Sell BHEL with a target of Rs 2050 and stop loss of Rs 2135, says Raj Kishore Bank, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2080, down 0.74% on the BSE.

Hold IndusInd Bank with a target of Rs 106, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Banking stocks could outperform going forward, he says. The stock is currently trading at Rs 78, down 3% on the BSE.

Buy BPCL with a target of Rs 431 and stop loss of Rs 416, says a technical analyst, on Zee Business.

Buy Sesa Goa at Rs 189 for a target of Rs 194 and stop loss of Rs 186, says Simi Bhaumik, technical analyst, on Zee Business.