Sunday, July 12, 2009

Brokerage Recommendations 10 July 09

Brokerage Recommendations 10 July 09

Buy SAIL with a target of Rs 168 and stop loss of Rs 148, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 153, up 0.33% on the BSE.

Sell Pantaloon Retail with a target of Rs 250 and stop loss of Rs 292, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 266, down 5.8% on the BSE.

Buy Educomp with a target of Rs 4600 and stop loss of Rs 3400, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 3729, down 4.44% on the BSE.

Buy Tata Motors with a target of Rs 291 and stop loss of Rs 270, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 269, down 0.88% on the BSE.

Hold PTC with a target of Rs 95 where one can exit and keep a stop loss of Rs 80, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 85, down 0.93% on the BSE.

Buy Mundra Port with a target of Rs 550 and stop loss of Rs 509, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 514, up 4.08% on the BSE.

The market is in the mood to go down so it ignored the good IIP data and Infosys decent numbers, says a market expert, on CNBC TV18. The budget was not liked by the market and now the global correction is putting more pressure, he says. Now we hope the momentum gets arrested as Nifty is headed to 3600, he feels.

Nifty support of 4050 has been broken and fresh downside has opened up, says Ashwani GUjral, technical analyst, on CNBC TV18. Nifty is headed to 3800-3700, he adds. July will see more correction, he says.

We are in a bear market and a further correction is on the cards, says K R Bharat, market expert, on CNBC TV18. It is premature to talk of any turnaround, he adds.

In F&O call, buy Nifty July futures with a target of 4150 and stop loss of 4085, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. There could be a short-term relief rally, he adds.

In F&O call, sell Nifty July futures with a target of 3860 and stop loss of 4280, says Sandeep Wagle of Angel Broking, on CNBC Awaaz. The short-term trend is negative and the market is likely to be weak for next 2-3 weeks, he says.

Buy Oriental Bank of Commerce with a target of Rs 170-175 and stop loss of Rs 159, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 162, up 0.65% on the BSE.

Buy BPCL with a target of Rs 500-525 and stop loss of Rs 440, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 461, down 1.96% on the BSE.

Buy Kesoram with a target of Rs 320-360 and stop loss of Rs 260, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 297, up 6.3% on the BSE.

Sell BoI with a target of Rs 287 and stop loss of Rs 340, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 318, up 0.76% on the BSE.

Hold Emco with a target of Rs 90 after which it could rally further and keep a stop loss of Rs 66, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 76, up 2.35% on the BSE.

Buy Noida Toll Bridge with a target of Rs 45-50 and stop loss of Rs 32, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 36, up 2.41% on the BSE.

The world economy is still in a "very tough period", says Warrant Buffet of Berkshire Hathaway, on CNBC TV18. A second stimulus from the US government may be needed to see some recovery, he says.

Buy Bayer Cropscience with a target of Rs 450 in 18 months, says Rajen Shah of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 287, down 0.43% on the BSE.

Sell Indiabulls Real Estate with a target of Rs 160 and stop loss of Rs 210, says Prasad Kushe, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 191, up 2.3% on the BSE.

Buy BEL July futures with a target of Rs 1440 and stop loss of Rs 1330, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 1398, up 1.01% on the BSE.

Duetsche Bank upgrades Thermax with a target of Rs 465, reports NDTV Profit. The stock is currently trading at Rs 405, up 1.61% on the BSE.

Buy GAIL July futures with a target of Rs 345 and stop loss of Rs 315, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 319, down 1.7% on the BSE.

Buy Atlas Cycle with a target of Rs 165 in 18 months, says Rajen Shah of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 121, up 9.97% on the BSE.

Buy Ambuja Cements at Rs 91 with target of Rs 115 in six months, says Ashu Baggri, technical analyst, on NDTV Profit. The stock is currently trading at Rs 96.40, down 0.8% on the BSE.

Book profits in LIC Housing Finance and buy again at Rs 475-500, says Rajesh Agarwal of CD Equisearch on NDTV Profit. The stock is currently trading at Rs 597.35, down 0.8% on the BSE.

Buy GMR Infra at Rs 115 with target of Rs 154, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 130.95, up 1.2% on the BSE.

Buy PTC with target of Rs 93, says Ashu Baggri, technical analyst, on NDTV Profit. Keep stop loss of Rs 81, he adds. The stock is currently trading at Rs 85.40, down 0.5% on the BSE.

Buy Infosys on dips at Rs 1600 with target of Rs 1900-2000 in 12-15 months, says P Phani Sekhar of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 1726, up 2.9% on the BSE.

Hold Ambuja Cements with target of Rs 110 in six months, says Rajesh Agarwal of CD Equisearch on NDTV Profit. The stock is currently trading at Rs 96.80, down 0.4% on the BSE.

Hold HDIL with target of Rs 250-270, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 205.40, up 1.8% on the BSE.

May IIP Data: May mining sector growth has been announced at 3.7% versus 5.5%(YoY), reports NDTV Profit. May manufacturing sector growth is at 2.5% vs 4.5%, capital goods gowth at -3.6% vs 4.3% and electricity growth at 3.3% vs 2%(YoY), it adds.

The May IIP data has been announced at 2.7% versus 1.2% in April, reports NDTV Profit.

Hold Tata Motors with stop loss of Rs 265, says Ramesh Arora, technical analyst, on Zee Business. The stock is currently trading at Rs 279.50, up 2.6% on the BSE.

Hold Wipro because if it closes above Rs 390 then it will give good upmove, says Deepak Mohoni, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 386, up 3.7% on the BSE.

Buy L&T on every correction of 5-10% and hold for long term, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. The stock is currently trading at Rs 1382.10, down 0.5% on the BSE.

Hold Tata Teleservices and exit when it reaches Rs 39, says Ramesh Arora, technical analyst, on Zee Business. Keep stop loss of Rs 32, he adds. Instead invest in a better stock, he says. The stock is currently trading at Rs 35, up 0.6% on the BSE.

Sell ITC on rally and buy again on dips, says Sudarshan Sukhani, technical analyst, on CNBC TV18. It has been trading in a range for the past many days, he adds. The stock is currently trading at Rs 210.80, down 1.2% on the BSE.

Hold L&T with stop loss of Rs 1360 breaking which it can go down to Rs 1100, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 1450, he adds. The stock is currently trading at Rs 1387, down 0.2% on the BSE.

Hold Unitech with intra-day target of Rs 75, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 71.45, up 2.3% on the BSE.

Buy HPCL with intra-day gains of 5-8%, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep strict stop loss, he adds. The stock is currently trading at Rs 336.55, up 1.1% on the BSE.

Buy Biocon with targets of Rs 234 and 237, says Rajat Bose, technical analyst, on CNBC TV18. Keep stop loss below Rs 222, he adds. The stock is currently trading at Rs 232.50, up 1.8% on the BSE.

Short-term investors should exit Infosys, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. Long-term investors should keep an eye on the Q2 results before investing, he adds. The stock is currently trading at Rs 1725, up 2.9% on the BSE.

Sell Infosys with target of Rs 1450, says Rajiv Mehta of India Infoline on CNBC Awaaz. The stock is currently trading at Rs 1725.05, up 2.9% on the BSE.

Buy ITC with target of Rs 230-235, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 212.55, down 0.4% on the BSE.

Buy Alstom Projects with target of Rs 515, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 505, he adds. The stock is currently trading at Rs 505.80, down 0.1% on the BSE.

Buy KSK Energy with intra-day target of Rs 240, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 226, he adds. The stock is currently trading at Rs 232.60, up 2.6% on the BSE.

Buy Wockhardt with intra-day target of Rs 132, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 126, he adds. The stock is currently trading at Rs 128.40, up 1.3% on the BSE.

Buy Cairn India at Rs 210 with target of Rs 215, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 204, she adds. The stock is at Rs 209.05, up 1.4% on the BSE.

If the Nifty closes below 4020 then we can expect fresh downside in the market, says Mitesh Thacker, technical analyst, on CNBC TV18.

Buy SAIL at Rs 153 with target of Rs 157, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 149, she adds. The stock is at Rs 152.95, up 4% on the BSE.

Buy HDIL at Rs 202 with target of Rs 212, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 194, she adds. The stock is at Rs 201.75, up 0.5% on the BSE.

The Nifty may open at 4050-4060 levels, says Rajat Bose, technical analyst, on CNBC TV18. He sees crucial support for the Nifty today at 4063-4041.