Monday, June 22, 2009

BSE, NSE Brokerage Recommendations 22 Jun 2009

Buy HPCL with a target of Rs 325 and stop loss of Rs 290, says Raj Kishore Bank, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 305, up 1.14% on the BSE.

Sell Ultratech Cements with a target of Rs 620 and stop loss of Rs 700, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 656, down 1.99% on the BSE.

Buy Nifty 4300 June puts and sell 4100 puts, says Nitin Muraka of SMC Global Securities on Zee Business, as closing market strategy.

Buy Nifty with stop loss of 4225 and target of 4350, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Hold Nifty short positions with stop loss of 4325 and target of 4200, says Vijay Bhambwani, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Sesa Goa June futures with a target of Rs 214 and stop loss of Rs 242, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 189, up 0.96% on the BSE.

Buy Jay Shree Tea with a target of Rs 210 and stop loss of Rs 170, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 200, down 2.88% on the BSE.

Buy Bank of Baroda June futures with a target of Rs 490-510 and stop loss of Rs 242, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 440, up 1.45% on the BSE.

In an F&O call, buy Nifty June futures with a target of 4325 and stop loss of 4210, says Nishant Jain of Tradeswift, on CNBC Awaaz.

In an F&O call, buy Nifty June futures with a target of 4300 and stop loss of 4225, says Hemen Kapadia, technical analyst, on CNBC Awaaz.

In an F&O call, sell Nifty futures with a target of 4220 and stop loss of 4280, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. He suggests shorting Nifty if it crosses 4260.

Buy Bajaj Hindustan with a target of Rs 235 and stop loss of Rs 192, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 213, down 0.51% on the BSE.

Hold Central Bank with a target of Rs 100-125 where one can book part profits, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 86, up 1.29% on the BSE.

Sell Tata Steel with a target of Rs 380 and stop loss of Rs 430, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 407, down 1.22% on the BSE.

BHEL has bagged an order of Rs 105 crore for captive power plant, reports NDTV Profit. The stock is currently trading at Rs 2099, up 0.45% on the BSE.

Buy ICICI Bank with a target of Rs 800 and stop loss of Rs 700, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 733, up 2.81% on the BSE.

SMC Global Securities maintains a buy call on Infosys with a target of Rs 1950 and stop loss of Rs 1670, reports CNBC Awaaz. The stock is currently trading at Rs 1759, down 0.63% on the BSE.

Hold Renuka Sugar with a stop loss of Rs 124, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 130, down 2.68% on the BSE.

Jindal Saw has bagged an order of Rs 1000 crore, reports Zee Business. The stock is currently trading at Rs 382, up 4.6% on the BSE.

If Nifty breaks 4650 decisively, meaning holds that level for a week or so, the market could challenge the old highs of Nifty 6100, says Rakesh Jhunjhunwala, market expert, on CNBC TV18. Market unlikely to breach 4000 Nifty level in 6-9 months, he adds.

Hold Ashok Leyland because there is still some upside left in it, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 28 and resistance at Rs 38, he adds. The stock is currently trading at Rs 30.30, down 1.5% on the BSE.

Buy Ispat Industries at Rs 20 with short-term target of Rs 30, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 22.75, down 0.4% on the BSE

Buy Voltas with target of Rs 144, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 126, up 4.8% on the BSE.

There is a chance that the global counter trend rally may be over, says Chris Wood of CLSA on CNBC TV18. However, he would still not bet aggressively on this view in terms of shorting the market and base case S&P 500 target of 1000-1050 remains intact. Even if Asian equities head higher over the next two months, any subsequent correction will bring them lower than current levels, he adds.

Buy SAIL at Rs 135-145 with long-term target of Rs 250, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 152.50, up 0.10% on the BSE.

Hold ICICI Bank with target of Rs 900 in two months, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 684 and resistance at Rs 795, he adds. The stock is currently trading at Rs 739.10, up 3.6% on the BSE.

Hold GMR Infra with short-term target of Rs 185, says Prasad Kushe, technical analyst, on CNBC Awaaz. Long-term investors can hold with target of Rs 250, he adds. The stock is currently trading at Rs 145.40, down 0.9% on the BSE.

Buy RIL at Rs 1860 with target of Rs 2600-2700 in 3-4 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1998.10, down 2% on the BSE.

Buy Bharti Airtel on dips with long-term view, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. The stock is currently trading at Rs 807, up 0.2% on the BSE.

Hold SBI with target of Rs 1850, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has support at Rs 1600, he adds. The stock is currently trading at Rs 1731.95, up 0.8% on the BSE.

Hold Tata Steel with short-term target of Rs 500, says Prasad Kushe, technical analyst, on CNBC Awaaz. Buy again at Rs 375 and then hold with long-term target of Rs 600, he adds. The stock is currently trading at Rs 418.20, up 1.6% on the BSE.

Hold JSW Steel and buy more on dips, says Rajesh Tambe of Sunchan Securities on Zee Business. The international and domestic news on the steel sector are encouraging, he adds. The stock is currently trading at Rs 631.90, up 4.4% on the BSE.

Hold KS Oil with stop loss of Rs 55, says Pankaj Jain of Satguru Capital on Zee Business. It has resistance at Rs 63 crossing which it can go up to Rs 70 at which level exit, he adds. The stock is currently trading at Rs 59.65, down 1% on the BSE.

Hold Tata Tea with target of Rs 850-925 in 12-18 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 735.55, up 1% on the BSE.

Hold JSW Steel with target of Rs 675, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 633, up 4.6 on the BSE.

Buy Patni Computers with target of Rs 275-280, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 225, he adds. The stock is currently trading at Rs 256.80, up 6.1% on the BSE.

Invest in Kalindee Rail for long term, says Daljeet Kohli of Emkay Shares and Stock Brokers on CNBC Awaaz. Fundamentals of this company are good, he adds. The stock is currently trading at Rs 199.20, up 7.1% on the BSE.

Buy Punj Lloyd with target of Rs 220-225, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 164, he adds. The stock is currently trading at Rs 202, up 3.7% on the BSE.

Hold Tech Mahindra for long term with target of Rs 1000 plus, says Pankaj Jain of Satguru Capital on Zee Business. The stock is currently trading at Rs 769, up 1.1% on the BSE.

Buy SBI with target of Rs 1765, says Devangshu Dutta, market expert, on CNBC TV18. Keep stop loss of Rs 1700, he adds. The stock is currently trading at Rs 1756, up 2% on the BSE.

Hold Gateway Distriparks with target of Rs 120, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 100.75, down 0.2% on the BSE.

Buy HPCL with intra-day target of Rs 310, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 300, he adds. The stock is currently trading at Rs 302, up 0.1% on the BSE.

Sell Mahindra & Mahindra at Rs 732 with target of Rs 721, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 745, she adds. The stock is currently trading at Rs 729, down 1.1% on the BSE.

Buy Reliance Communications with intra-day target of Rs 325 says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of 303, he adds. The stock is currently trading at Rs 315,up 3.2% on the BSE.

Buy Bank of Rajasthan with intra-day target of Rs 65, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 59, he adds. The stock is currently trading at Rs 62.05, up 4.2% on the BSE.

Buy JSW Steel at Rs 610 with target of Rs 625, Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 600, she adds. The stock is at Rs 611.95, up 1.1% on the BSE.

Buy HDFC at Rs 2291 with target of Rs 2330, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 2270, she adds. The stock is at Rs 2294.70, up 1% on the BSE.

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