Saturday, July 4, 2009

Brokerage Recommenations 29 Jun 2009

Brokerage Recommendations 29 June 2009

Positive global cues aided our market trade firm at noon but profit booking set in, in late trade. The market ended flat today with a strong rally in infrastructure and sugar stocks. Sensex shut shop at 14785, up 21 points and Nifty at 4390, up 15 points from the previous close. CNX Midcap index was up 1.10% and BSE Smallcap index was up 1.50%. The market breadth was positive with advances at 840 against declines of 400 on the NSE. Top Nifty gainers included Axis Bank, SAIL and DLF while losers included Tata Motors, Suzlon and TCS.

Buy Kalindee Rail with a target of Rs 430 in 2 years, says Ashish Kapur of InvestShoppe on CNBC Awaaz. The stock is currently trading at Rs 225, up 4.54% on the BSE.

Hold BGR Energy with a target of Rs 350 after which it can go to Rs 380-400 and keep a stop loss of Rs 260, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 317, down 6.3% on the BSE.

Buy PNB with a target of Rs 700 and stop loss of Rs 620, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 679, up 3.6% on the BSE.

Buy Era Infrastructure with a short-term target of Rs 140, says Ashish Kapur of InvestShoppe on CNBC Awaaz. The stock is currently trading at Rs 114, up 9.27% on the BSE.

Buy RIL with a target of Rs 2175 and stop loss of Rs 2050, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Cairn India with a target of Rs 265 and stop loss of Rs 220, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

The budget is likely to be positive for the market as it would be growth friendly, says Prateek Agarwal, market expert, on NDTV Profit. But the market is unlikely to see any sharp uptick or downtick from the budget, he feels. There is more likely to be a gradual improvement in market levels, he adds.

This is a technical rally and market is likely to see selling pressure at higher levels, says Anil Maghnani, technical analyst, on Zee Business. Till Nifty holds above 4482 this correction is healthy for the market, he feels.

The market is seeing profit booking at higher levels and is trending lower. Sensex is trading at 14784, up 20 points and Nifty is at 4390, up 14 points from the previous close. CNX Midcap index is up 1.10% and BSE Smallcap index is up 1.65%. The market breadth is positive with advances at 864 against declines of 366 on the NSE.

In an F&O call, buy Nifty July futures with a target of 4500 and stop loss of 4400, says Prakash Gaba, technical analyst, on CNBC Awaaz. Book partial profits around Nifty 4550, he adds.

In an F&O call, buy Nifty July futures with a target of 4450 and stop loss of 4365, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Book partial profits around Nifty 4650 as upside seems capped here, he adds.

In an F&O call, buy Nifty July futures with a target of 4460 and stop loss of 4395, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. If the market crosses 4465 it will get into a new higher range where one can keep a stop loss of 4375, he adds.

In an F&O call, buy Nifty July futures with a target of 4600 and stop loss of 4300, says Hardik Jain, technical analyst, on CNBC Awaaz. The market is showing good momentum, if it crosses 4440-4450 then 4650 is possible, he adds.

Buy Federal Bank with a target of Rs 260 and stop loss of Rs 240, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 257, up 5.04% on the BSE.

Buy Bartronics with a target of Rs 235, says Harit Shah of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 182, up 0.39% on the BSE.

Buy Petronet LNG with a target of Rs 78 and stop loss of Rs 70, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 74, up 2.6% on the BSE.

In an F&O call, buy ACC July futures with a target of 820 and stop loss of 768, Srikant Chouhan of Kotak Securities, on CNBC Awaaz. The stock is currently trading at Rs 800, up 0.15% on the BSE.

Buy ONGC with a target of Rs 1200, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1070, up 2.84% on the BSE.

In an F&O call, buy IDFC July futures with a target of 150 and stop loss of 128, Srikant Chouhan of Kotak Securities, on CNBC Awaaz. The stock is currently trading at Rs 140, up 2.25% on the BSE.

Buy RIL with a target of Rs 2175-2200, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2094, up 3.25% on the BSE.

In an F&O call, buy PFC July futures with a target of 230 and stop loss of 190, Srikant Chouhan of Kotak Securities, on CNBC Awaaz. The stock is currently trading at Rs 201, up 0.25% on the BSE.

Sell Noida Toll Bridge with a target of Rs 38 and stop loss of Rs 45, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 43, up 0.81% on the BSE.

Sell Welspun Gujarat with a target of Rs 165 and stop loss of Rs 212, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 214, up 4.87% on the BSE.

In an F&O call, buy Bombay Rayon July futures with a target of 225-235 and stop loss of 187, Srikant Chouhan of Kotak Securities, on CNBC Awaaz. The stock is currently trading at Rs 193, down 3.54% on the BSE.

Hold Hindalco with target of Rs 113 in September-October, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 80 and resistance at Rs 98, he adds. The stock is currently trading at Rs 88, up 2.02% on the BSE.

Buy CMC with a target of Rs 950, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock could be a long-term outperformer, he adds. It is currently trading at Rs 792, up 0.37% on the BSE.

Hold Bartronics which is clearly in an uptrend now and we can expect an upmove, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 172 and resistance at Rs 203, he adds. The stock is currently trading at Rs 182, up 0.77% on the BSE.

The market is fairly valued with limited downside risks, says Prabhat Awasthi of Nomura Financial Advisories & Securities on CNBC TV18. We have set a 12-month Sensex target of 16400, he adds. He would advise a mix of defensives and domestic cyclical stocks.

Buy IDBI Bank with a target of Rs 120-125, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 117, up 1.34% on the BSE.

The Asian markets are trading quiet while European markets have opened soft. Our market is looking good. Sensex is trading at 14881, up 102 points and Nifty is at 4414, up 39 points from the previous close. CNX Midcap index is up 1.34% and BSE Smallcap index is up 2.09%. The market breadth is positive with advances at 917 against declines of 300 on the NSE.

Hold ITC with target of Rs 230, says Prasad Kushe, technical analyst, on CNBC Awaaz. It has support at Rs 175 and resistance at Rs 210, he adds. The stock is currently trading at Rs 194, down 1.4% on the BSE.

Buy Nalco above Rs 314 with target of Rs 360, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 312.45, up 1.3% on the BSE.

Buy Unity Infraprojects with short-term target of Rs 365, says a market expert from Sharekhan on NDTV Profit. The stock is currently trading at Rs 336.10, up 5% on the BSE.

Buy Hindalco on decline if the view is long term, for 1-1.5 years, says P Phani Sekhar of Angel Broking on NDTV Profit. Short-term investors should exit on rally, he adds. The stock is currently trading at Rs 87.60, up 1.1% on the BSE.

Hold Chambal Fertilisers with target of Rs 80 in 3-4 months, says Hemen Kapadia, technical analyst, on NDTV Profit. Buy more on dips at Rs 60, he adds. The stock is currently trading at Rs 67.30, up 3.2% on the BSE.

Buy Astra Microwave with medium-term target of Rs 90-115 and long-term target of Rs 200, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 83.50, up 2.4% on the BSE.

Hold Unitech with targets of Rs 104 and then Rs 125-130, says Ashwani Gujral, technical analyst, on CNBC TV18. It has key support at Rs 72, he adds. The stock is currently trading at Rs 85.40, up 3.7% on the BSE.

Buy Suzlon Energy on dips at Rs 100-105, says Hemen Kapadia, technical analyst, on NDTV Profit. Keep targets of Rs 140 and then 160 in August-September, he adds. He sees support for it at Rs 115. The stock is currently trading at Rs 117.50, down 4.7% on the BSE.

Hold DLF with target of Rs 350, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is a stronger stock than Unitech, he adds. The stock is currently trading at Rs 338.95, up 4.1% on the BSE.

Buy Tata Power with medium-term targets of Rs 1400 and then 1600, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 1050, he adds. The stock is currently trading at Rs 1158, down 0.5% on the BSE.

Buy Suzlon Energy on dips with targets of Rs 128 and then 145, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 110, he adds. The stock is currently trading at Rs 117.55, down 4.7% on the BSE.

Buy Neyveli Lignite at Rs 110 with target of Rs 175-240 in 1-1.5 months, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 105, he adds. The stock is currently trading at Rs 126, up 0.1% on the BSE.
I expect the budget to be a non-event from market perspective, says Hans Goetti of LGT Bank on CNBC TV18. He believes that valuations have now started reaching fair zone in India. Liquidity flows may continue into Asia over the next two months and the Sensex may hit 16000 levels over medium-term, he adds.

Hold IFCI with target of Rs 100, says Rajesh Tambe of Sunchan Securities on Zee Business. The stock is currently trading at Rs 57.15, up 2.9% on the BSE.

Hold DCB with target of Rs 49, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 34 and resistance at Rs 44, he adds. The stock is currently trading at Rs 39.40, up 1.7% on the BSE.

Buy Sesa Goa with target of Rs 220-240 in two weeks, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 170, he adds. The stock is currently trading at Rs 187.90, down 2.4% on the BSE.

Buy BHEL with long-term view, says Vijay Bhambwani, technical analyst on CNBC Awaaz. It has resistance at Rs 2450 and support at Rs 1840, he adds. The stock is currently trading at Rs 2212, up 0.5% on the BSE.

An hour into opening, the market is trading rather subdued, witnessing sporadic buying. Asia is trading mixed. Sensex is trading at 14728, down 35 points from its previous close, and Nifty is at 4365, down 10 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 1.2%. The market breadth is positive with advances at 787 against declines of 368 on the NSE.

Buy Reliance Capital at Rs 930 with target of Rs 1050, says Pankaj Jain of Satguru Capital on Zee Business. Keep stop loss of Rs 890, he adds. The stock is currently trading at Rs 972.55, up 3.6% on the BSE.

Hold HDIL with target of Rs 327, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 225, he adds. The stock is currently trading at Rs 265, up 5.1% on the BSE.

Hold Wockhardt Ltd with long-term target of Rs 175, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has support at Rs 130, he adds. The stock is currently trading at Rs 146, up 2.5% on the BSE.

Buy JSW Steel at Rs 623 with target of Rs 652, says SP Tulsian, investment advisor, on CNBC TV18. The stock is currently trading at Rs 628, up 0.7% on the BSE.

Buy Suzlon Energy at Rs 105-110, says Pankaj Jain of Satguru Capital on Zee Business. Keep short-term target of Rs 125-127 and medium-term target of Rs 140 plus, he adds. The stock is currently trading at Rs 115.50, down 6.4% on the BSE.

Buy RComm with target of Rs 328-330, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 316, up 1.2% on the BSE.

Buy 4400 Nifty Call Options with target of Rs 206, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 176, he adds.

Buy Balrampur Chini with intra-day target of Rs 118, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 109, he adds. The stock is currently trading at Rs 114, up 4.3% on the BSE.

Buy IFCI with intra-day target of Rs 59, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 55, he adds. The stock is currently trading at Rs 55.95, up 0.7% on the BSE.

Buy Axis Bank at Rs 818 with target of Rs 838, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 808, she adds. The stock is at Rs 818.45, up 5.3% on the BSE.

Buy Jaiprakash Associates at Rs 221 with target of Rs 226, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 218, she adds. The stock is at Rs 221.20, up 1.6% on the BSE.

The market will open on a positive note today, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. He sees strong resistance for the Nifty at 4450. He advises buying when the market opens for gains of 30-40 points.

Buy PNB at Rs 655 with target of Rs 670, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 645, she adds. The stock is at Rs 655.30, up 4.1% on the BSE.