Sunday, June 28, 2009

Brokerage Recommendations 26th June 2009

Brokerage Recommendations 26th June 2009

Buy Astra Microwave with a target of Rs 90-115 and stop loss of Rs 75, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 81, up 3.2% on the BSE.

Buy CMC with a target of Rs 900, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 790, up 14% on the BSE.

Buy HDIL with a target of Rs 260-272, says Rahul Mohindar,technical analyst, on CNBC TV18. The stock is currently trading at Rs 252, up 11.3% on the BSE. » Send to friends

4:10 PM - Sell Relaince Infrastructure with a target of Rs 1100 and stop loss of Rs 1310, says Anuj Dixit of Gupta Equities, on CNBC Awaaz. The stock is currently trading at Rs 1264, up 2% on the BSE.

Buy Info Edge with a target of Rs 780-790, says Prakash Gaba, technical analyst, on CNBC TV18. The stock is currently trading at Rs 681, up 6.4% on the BSE.

Sell Sterlite Industries with a target of Rs 475 and stop loss of Rs 665, says Anuj Dixit of Gupta Equities, on CNBC Awaaz. The stock is currently trading at Rs 612, up 6.11% on the BSE.

Buy IDFC with a target of Rs 155-160, says Rahul Mohindar, technical analyst, on CNBC TV18. It can be an outperformer in the long term, he adds. The stock is currently trading at Rs 137, up 4.8% on the BSE.

Buy Finolex Industries with a target of Rs 50 and stop loss of Rs 39, says Anuj Dixit of Gupta Equities, on CNBC Awaaz. The stock is currently trading at Rs 46, up 5.8% on the BSE.

The undertone for the market is likely to stay positive leading to the budget on July 6, says Ajay Loganandan of HSBC, on CNBC TV18. Buying has emerged at lower levels in a correction, he adds. India's long-term story is intact, he says.

Hold Sesa Goa with a target of Rs 205 where one can exit and keep stop loss of Rs 180, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 192, up 2.8% on the BSE.

In an F&O call, buy ICICI Bank July futures with a target of 770 and stop loss of 708, says Hardik Jain of ISJ Securities on CNBC Awaaz. The stock is currently trading at Rs 748, up 7.17% on the BSE.
In an F&O call, buy Nifty July futures with a target of 4378 and stop loss of 4310, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. Nifty is looking firm, he adds.

In an F&O call, buy Nifty July futures with a target of 4387 -4418 and stop loss of 4285, says Rajat Bose, technical analyst, on CNBC Awaaz. Carry on Nifty longs once it crosses 4418 as it has more strength, he adds.

In an F&O call, buy Nifty July futures with a target of 4365 -4390 and stop loss of 4290, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Hold on to Nifty longs, he adds.

In an F&O call, buy Neyvelli Lignite July futures with a target of 143 and stop loss of 117, says Hemant Thukral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 125, up 0.15% on the BSE.

Buy HDIL on dips with a target of Rs 250-260 where one can exit, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 236, up 1.16% on the BSE.

Buy Bhushan Steel with a target of Rs 698 and stop loss of Rs 645, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 674, up 1.35% on the BSE.

Buy Suzlon on dips with a target of Rs 130 and stop loss of Rs 110, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 123, up 4.6% on the BSE.

In an F&O call, buy Voltas July futures with a target of 137-140 and stop loss of 115, says Hemant Thukral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 131, up 1.51% on the BSE.

Buy Aurobindo Pharma with a target of Rs 557 and and stop loss of Rs 475, says Akshata Deshmukh, technical analyst, CNBC Awaaz. The stock is currently trading at Rs 498, down 0.90% on the BSE.

Hold Idea Cellular with a target of Rs 90, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. The stock is currently trading at Rs 78, down 1.19% on the BSE.

Buy Ashok Leyland with a target of Rs 35 and stop loss of Rs 30, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 31.90, up 0.63% on the BSE.

Buy Tulip Telecom with a medium term target of Rs 900, says Srikant Chouhan of Kotak Securities, on CNBC TV18. The stock is currently trading at Rs 747, up 1.54% on the BSE.

Hold TTML with a target of Rs 40-45 after which one can exit and stop loss of Rs 35, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 38, down 1.16% on the BSE.

Hold TTML with a target of Rs 41 after which it could rally further, says Salil Sharma of Kapoor & Sharma Company, on Zee Business. The stock is currently trading at Rs 38, down 1.03% on the BSE.

Hold Dabur with target of Rs 133, says Ashu Bagri, technical analyst, on NDTV Profit. Keep stop loss of Rs 115, he adds. The stock is currently trading at Rs 121, up 0.2% on the BSE

Hold Neyveli Lignite with target of Rs 168, says Gaurang Shah of Geojit BNP Paribas on Zee Business. It has resistance at Rs 145, he adds. The stock is currently trading at Rs 125.60, up 0.6% on the BSE.

Do not buy banking stocks at this level, says Sudarshan Sukhani, technical analyst, on CNBC TV18. This is a small rally which will eventually peter out, he feels. The only trade is for the Nifty, he adds, so one can buy that.

Book partial profits in IRB Infra, says Neera Jain, technical analyst, on CNBC Awaaz. Hold rest with stop loss of Rs 135, she adds. The stock is currently trading at Rs 152.30, up 0.5% on the BSE.

Hold RNRL with stop loss of Rs 82, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 93 crossing which it can go to Rs 105, he adds. The stock is currently trading at Rs 90.70, up 2.9% on the BSE.

Book partial profits in Renuka Sugars and hold rest with target of Rs 166, says Ashu Bagri, technical analyst, on NDTV Profit. Keep stop loss of Rs 136, he adds. The stock is currently trading at Rs 140, down 1.7% on the BSE. » Send to friends

12:10 PM - Buy Petronet LNG at Rs 66 with target of Rs 85, says Neera Jain, technical analyst, on CNBC Awaaz. Keep stop loss below Rs 65, she adds. The stock is currently trading at Rs 72.35, up 1% on the BSE.

The market at noon is trading flat. Sensex is trading at 14444, up 99 points from its previous close, and Nifty is at 4277, up 35 points. CNX Midcap index is up 1% and BSE Smallcap index is up 1%. The market breadth is positive with advances at 784 against declines of 386 on the NSE.

Buy Suzlon Energy at Rs 112 with target of Rs 220 in 12-18 months, says Gaurang Shah of Geojit BNP Paribas on Zee Business. The stock is currently trading at Rs 120.30, up 2.1% on the BSE.

Buy IDBI Bank with short-term target of Rs 145, says Hardik Jain, technical analyst, on CNBC Awaaz. It has support at Rs 95, he adds. The stock is currently trading at Rs 114.65, up 1.9% on the BSE.

Buy Tata Steel and JSW Steel for returns of 10-15%, says Hemang Jani of Sharekhan on CNBC Awaaz. Tata Motors will show an upside of 15-25%, he adds.

The markets had run up too fast and the large equity issuances sucked up some liquidity, says Manishi Raychaudhuri of BNP Paribas on CNBC TV18. He expects the market to be range-bound in the short-term. He believes that there may be further correction, but it won't be a deep one as there is a lot of money waiting on the sidelines. We maintain our Sensex year-end target of 16500, he adds.

Hold Satyam with stop loss of Rs 65, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 80 crossing which it can go to Rs 120, he adds. The stock is currently trading at Rs 72.50, down 0.9% on the BSE.

Hold Biocon with target of Rs 245-255, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep trailing stop loss of Rs 215, he adds. The stock is currently trading at Rs 225.65, down 0.6% on the BSE.

Buy JP Hydro and Jaiprakash Associates on dips for short-term upmove of 10-15%, says Ashu Madan of Religare on CNBC Awaaz.

Buy India Cements with target of Rs 160, says Hardik Jain, technical analyst, on CNBC Awaaz. It has support at Rs 135, he adds. The stock is currently trading at Rs 141.60, up 0.6% on the BSE.

Do not go short in this market, says Siddharth Bhamre of Angel Broking on CNBC Awaaz. He advises going long with a target of 4500. His focus would be more on largecap stocks instead of the midcaps. Go long on RIL, ONGC, NTPC, RComm, he adds.

Buy ABG Shipyard with intra-day target of Rs 215, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 204, he adds. The stock is currently trading at Rs 206.85, up 1.3% on the BSE.

Hold DLF with stop loss of Rs 295, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 340 crossing which it can go to Rs 390, he adds. The stock is currently trading at Rs 325.20, up 2.3% on the BSE.

Buy Sasken Communications with target of Rs 125, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 90, he adds. The stock is currently trading at Rs 111.30, up 4.8% on the BSE.

Buy Videocon Industries with intra-day target of Rs 175, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 167, he adds. The stock is currently trading at Rs 171, up 2.3% on the BSE.

Hold Sun Pharma and exit on next rally, says Deepak Mohoni, technical analyst, on CNBC Awaaz. The stock has plunged after news that US FDA has seized drugs from the Michigan facility of Caraco, which is a subsidiary of Sun Pharma. The stock is currently trading at Rs 1120, down 13.7% on the BSE.

Buy JP Hydro with intra-day target of Rs 100, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 93, he adds. The stock is currently trading at Rs 94.75, up 1.1% on the BSE.
Buy ICICI Bank at Rs 700 with target of Rs 714, says Simi Bhaumik, technical ananlyst, on Zee Business. Keep stop loss of Rs 691, she adds. The stock is at Rs 698.70, up 1.4% on the BSE.

Buy Unitech with intra-day target of Rs 87, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 81, he adds. The stock is at Rs 82.05, up 5.2% on the BSE.

The market will remain range-bound till the budget, says Hardik Jain, technical analyst, on CNBC Awaaz. We have seen selling pressure on 4300-4350 levels and 4270 will be the crucial mark for the Nifty, he adds. He believes that if the Nifty closes above 4300 for two days in a row then we will see strength in the market.

Buy Jaiprakash Associates at Rs 217 with target of Rs 223, says Simi Bhaumik, technical ananlyst, on Zee Business. Keep stop loss of Rs 213, she adds. The stock is at Rs 217.75, up 2% on the BSE.