Tuesday, June 9, 2009

Brokerage Recommendations 9th June 2009

Brokerage Recommendations 9th June 2009

Buy L&T with a target of Rs 1650 after which it can go to Rs 1875, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1573, up 6.3% on the BSE.

The market uptrend seems intact and could go all the way to the Sensex target of 16050, says Prakash Gaba, technical analyst, on CNBC Awaaz. There is more upside to this rally, he feels. His top stock picks are Infosys (target of Rs 1900), L&T (target of Rs 1650-1675) and RIL (target of Rs 2400).

The market closing at the high point of the day is reassuring, says Kavi Kumar, market expert, on CNBC Awaaz. This shows that the momentum is likely to continue, he adds.

3:26 PM - Buy Rolta with a target of Rs 148 and stop loss of Rs 125, says an expert of SMC Global Securities, on CNBC Awaaz, as closing market strategy.

Buy RIL futures with a target of Rs 2800 and stop loss of Rs 2220, Nitin Muraka of SMC Global Securities, on Zee Business, as closing market strategy.

Buy Tata Steel with a target of Rs 455 and stop loss of Rs 430, says Technical Trends, on CNBC Awaaz, as closing market strategy.

Yesterday the market saw some profit booking, says IV Subramanium of Quantum Advisors, on NDTV Profit. The next two triggers for the market will be the budget and monsoon, he feels. These two could drive the market forward, he adds.

The market is looking good and continues to trade higher. Sensex is trading at 15113, up 447 points and Nifty is at 4553, up 123 points from the previous close. CNX Midcap index is up 2.86% and BSE Smallcap index is up 1.55%. The market breadth is positive with advances at 702 against declines of 569 on the NSE.

Sell SBI with a target of Rs 1724 and stop loss of Rs 1794, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1762, up 4% on the BSE.

Buy FAG Bearings with a target of Rs 456 in the long term, says Ranjit Kapadia of HDFC Securities on CNBC TV18. The stock is currently trading at Rs 409, up 2.4% on the BSE.

Buy Tanla Solutions with a target of Rs 113 in 3-5 months, says a market expert, on CNBC Awaaz. The stock is currently trading at Rs 76, up 3.4% on the BSE.

Sell DLF with a target of Rs 348 and stop loss of Rs 390, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The stock is currently trading at Rs 393, up 7.6% on the BSE.

Buy Unitech around Rs 92-95 with a short-term target of Rs 105, medium-term target of Rs 130-150 and stop loss of Rs 85, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 87, up 3.6% on the BSE.

Buy BHEL with a target of Rs 2340 after which it can go to Rs 2650, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 2255, up 1.08% on the BSE.

Buy Crompton Greaves with a target of Rs 350 and stop loss of Rs 250, says Neerja Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 302, up 2.5% on the BSE.

Buy Everest Kanto around Rs 200 with a short-term target of Rs 250, medium-term target of Rs 290 and stop loss of Rs 185, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 210, up 2.07% on the BSE.

Buy TTK Prestige with a target of Rs 200 in 12 months, says Sanjay Chhabaria, market expert, on CNBC TV18. The stock is currently trading at Rs 137, up 2.07% on the BSE.

Chances are that the market may close at the highs of the day today, says Ashwani Gujral, technical analyst, on CNBC TV18. After yesterday's correction market is back on track and Nifty may now close around 4620-4650, he adds.

The Asian markets are trading mixed while European markets have opened in the positive. Strong global cues see our market bounce back and now look smart. Sensex is trading at 15066, up 400 points and Nifty is at 4536, up 106 points from the previous close. CNX Midcap index is up 1.59% and BSE Smallcap index is up 0.29%. The market breadth is negative with advances at 618 against declines of 633 on the NSE.

Hold Nagarjuna Fertilisers with targets of Rs 52 and then 61, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 31, he adds. It has support at Rs 37-34 and resistance at Rs 45, he says. The stock is currently trading at Rs 40.40, up 0.6% on the BSE.

Hold Suzlon Energy with target of Rs 150, says Nitin Murarka, technical analyst, on Zee Business. Keep short-term stop loss of Rs 110 and long-term stop loss of Rs 100, he adds. The stock is currently trading at Rs 121.80, down 0.6% on the BSE.

The markets are in a new cyclical bull phase and the uptrend will continue for a few more years, says Shane Oliver of AMP Capital Investors on CNBC TV18. According to him, there is plenty of upside seen. He is positive about Asia and the emerging markets and believes they would be outperformers as emerging markets would see increased inflows from Foreign Institutional Investors. On India, Oliver says he is overweight but only modestly so.

Hold Indiabulls Real Estate with target of Rs 270, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 180, he adds. The stock is currently trading at Rs 209.80 up 0.8% on the BSE.

Buy Idea Cellular at Rs 70-72 with stop loss of Rs 64, says Nitin Murarka, technical analyst, on Zee Business. Keep short-term target of Rs 85 and medium-term target of Rs 95, he adds. The stock is currently trading at Rs 82.35, up 5.2% on the BSE.

Buy GMR Infra only on dips with targets of Rs 180-185 and then 200, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss on closing basis below Rs 145, she adds. The stock is currently trading at Rs 158.65, down 0.7% on the BSE.

Hold KS Oils and exit when it reaches Rs 65-70, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Instead invest in some other stock, he adds. The stock is currently trading at Rs 59.25, up 1.3% on the BSE.

Hold SBI which will give high returns in one year time, says Ashish Kapur of Invest Shoppe on NDTV Profit. The stock is currently trading at Rs 1751, up 3.3% on the BSE.

Long-term investors can hold Tata Steel, says P Phani Sekhar of Angel Broking on CNBC Awaaz. Short-term investors should exit because there is not much upside in this stock at the moment, he adds. The stock is currently trading at Rs 430.50, up 3.4% on the BSE,

Buy Voltas on dips at Rs 111 with target of Rs 158-170, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 105, he adds. The stock is currently trading at Rs 129.30, up 3.1% on the BSE.

Buy JP Hydro at Rs 80-82 with stop loss of Rs 74, says Nitin Murarka, technical analyst, on Zee Business. Keep short-term target of Rs 110 and medium-term target of Rs 140, he adds. The stock is currently trading at Rs 86.30, down 0.9% on the BSE.

Hold Cairn India with target of Rs 375-400 in four months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 218 and resistance at Rs 295, he adds. The stock is currently trading at Rs 241, down 1.7% on the BSE.

Hold Unitech with target of Rs 120-125, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 65, he adds. The stock is currently trading at Rs 85.70, up 1.7% on the BSE.

Buy Dish TV at Rs 35-40 with target of Rs 50-55, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 43.20, down 3.8% on the BSE.

Buy Monet Ispat at Rs 240-245 with stop loss of Rs 220, says Nitin Murarka, technical analyst, on Zee Business. Keep short-term target of Rs 310 and medium-term target of Rs 350, he adds. The stock is currently trading at Rs 266, down 1.7% on the BSE.

Hold Satyam and exit on a 10-15% rally, says Hemang Jani of Sharekhan on CNBC Awaaz. The stock is currently trading at Rs 66.85, up 10% on the BSE.

Buy Rolta India at Rs 110 with target of Rs 145, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 124.20, down 2.2% on the BSE.

Buy Reliance Industries at Rs 2090-2100 with target of Rs 2306-2310, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2207, up 0.8% on the BSE.

Hold Zee News with stop loss below Rs 40, says Simi Bhaumik, technical analyst, on Zee Business. The stock is due for correction, she adds. It is currently trading at Rs 44.50, down 3.9% on the BSE. » Send to friends

Hold Peninsula Land with targets of Rs 80 and then 95, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss on closing basis below Rs 60, she

Hold Suzlon Energy with target of Rs 170, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 100-105, he adds. The stock is currently trading at Rs 115.90, down 5.1% on the BSE.

Buy Pantaloon Retail at Rs 270-280 with target of Rs 450, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. It has resistance at Rs 350-400, he adds. The stock is currently trading at Rs 304.60, up 1.7% on the BSE.

Sell Tata Motors with stop loss of Rs 378, says Rajat Bose, technical analyst, on CNBC TV18. He sees support for the stock at Rs 357, 353 and 349. The stock is currently trading at Rs 354, down 3% on the BSE.

Sell Moser Baer at Rs 102.55 with target of Rs 95, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 107, he adds. The stock is currently trading at Rs 104, up 1.5% on the BSE.

Sell RComm at Rs 309 with intra-day target of Rs 297, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 315, she adds. The stock is at Rs 309.45, down 8.7% on the BSE.

Sell HDIL at Rs 268 with intra-day target of Rs 254, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 274, she adds. The stock is at Rs 268.75, down 11.7% on the BSE.