Saturday, July 4, 2009

Brokerage Recommendations 2 July 2009

Brokerage Recommendations 2 July 2009

Buy Renuka Sugar for excellent long-term gains, says Sandeep Bhardwaj of Tower Capital on CNBC TV18. There is a mismatch in global demand and supply of sugar, this sector will outperform going forward as the demand is likely to be the highest in the last 25 years, he adds. He is bullish on sugar stocks. The stock is currently trading at Rs 141, down 3.4% on the BSE.

Buy ONGC with a target of Rs 1153 and stop loss of Rs 1093, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1126, up 7.02% on the BSE.

Buy Great Offshore with a target of Rs 464 and stop loss of Rs 425, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 439, up 0.78% on the BSE.

Sell RIL with a target of Rs 1965 and stop loss of Rs 2025, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2011, down 2.3% on the BSE.

It was a choppy session of trade and market ended flat today ahead of the rail budget tomorrow. Sensex closed at 14622, up 22 points (provisional) and Nifty at 4339, up 1 point (provisional) from the previous close. CNX Midcap index was up 0.17% and BSE Smallcap index was up 0.53%. The market breadth was positive with advances at 667 against declines of 558 on the NSE.

Close all positions and stay light into the budget, says Sudarshan Sukhani, technical analyst, on CNBC TV18, as closing market strategy.

Buy Nifty 4200 put at Rs 145 and sell Nifty 4500 call at Rs 135-140, says Tejas Nandu, technical analyst, on Zee Business, as closing market strategy.

Buy Tata Steel with a target of Rs 440 and stop loss of Rs 415, says Nishant Jain, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Sterlite Industries with a target of Rs 685 and stop loss of Rs 610, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.



Buy ONGC with a target of Rs 1220-1230, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1126, up 7.02% on the BSE.



The oil secretary says ONGC and GAIL won't bear kerosene and LPG subsidy burden, reports CNBC TV18. The stocks soar on the news, ONGC up 7.1% and GAIL up 8% on the BSE.

The market has recovered and is trading in the positive, showing some strength. Sensex is trading at 14682, up 38 points and Nifty is at 4355, up 14 points from the previous close. CNX Midcap index is up 0.63% and BSE Smallcap index is up 1%. The market breadth is positive with advances at 743 against declines of 478 on the NSE.

In an F&O call, sell Nifty July futures with a target of 4250 and stop loss of 4330, says Rajesh Jain of SMC Global Securities, technical analyst, on CNBC Awaaz. If Nifty goes below 4250 then a deeper fall is possible, he adds.

In an F&O call, buy Nifty July futures with a target of 4350 and stop loss of 4287, says Raj Kishore Bang, technical analyst, on CNC Awaaz. Hold Nifty longs and this call is only for today, he adds.

In an F&O call, sell Nifty July futures with a target of 4150 and stop loss of 4350, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Take fresh positions after the budget, he adds.

In an F&O call, sell Nifty July futures with a target of 4230-4260 and stop loss of 4380, says Nishant Jain, technical analyst, on CNBC Awaaz. This call is for the next two days, he adds.

Buy Escorts with a target of Rs 74 and stop loss of Rs 63.50, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 64, up 3.2% on the BSE.

Hold GMR Infrastructure with a target of Rs 150-180 and stop loss of Rs 130, says Sundar Raja, technical analyst, on NDTV Profit. The stock is currently trading at Rs 139, down 1.2% on the BSE.

Buy Tech Mahindra with a target of Rs 805 and stop loss of Rs 715, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 752, up 0.7% on the BSE.

Hold Areva T&D with a target of Rs 360 and stop loss of Rs 300, says Sundar Raja, technical analyst, on NDTV Profit. The stock is currently trading at Rs 352, down 2.97% on the BSE.



Buy Tata Communications with a target of Rs 512 after which it can go to Rs 560 and stop loss of Rs 478, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 478, down 1.89% on the BSE.

Buy PNB with a target of Rs 715, says Mitesh Thakkar, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 655, down 4.06% on the BSE.

The market has seen a small recovery after digesting the economic survey dubbed by experts as 'growth oriented'. Sensex is trading at 14574, down 70 points and Nifty is at 4318, down 22 points from the previous close. CNX Midcap index is up 0.26% and BSE Smallcap index is up 0.64%. The market breadth is positive with advances at 640 against declines of 569 on the NSE.

Buy BEML at 15-20% lower than the current levels, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Hold for 2 years for good gains, he adds. The stock is currently trading at Rs 1083, down 1.35% on the BSE.

Hold DCB with target of Rs 38-40 at which level book 50% profits, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 33, he adds. The stock is currently trading at Rs 36, down 0.94% on the BSE.

Hold Reliance Capital with a target of Rs 970 and stop loss of Rs 880, says Nitin Murarka of SMC Global Securities on Zee Business. The stock is currently trading at Rs 920, down 1.99% on the BSE.

The government plans to outline the roadmap for disinvestment in the budget, says the finance minister on CNBC TV18. Over Rs 25,000 crore per annum could be the budgeted estimate for disinvestment, he adds.

Economic Survey 2008-2009: Aims to generate Rs 25,000 crore per annum through disinvestments, auction loss making PSUs, introduce new IT code, mulls scrapping CTT, FBT and STT, phase out tax surcharges, cesses and transaction taxes, target zero fiscal deficit and cut out oil, food and fertilizer subsidy leakages, reports CNBC TV18.

Hold HDIL with target of Rs 275 at which level book 50% profit, says Nitin Murarka of SMC Global on Zee Business. Keep short-term stop loss of Rs 200, he adds. Buy again at Rs 180, he says. The stock is currently trading at Rs 227.85, down 3.7% on the BSE.

Hold HDIL with target of Rs 245-250, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Buy again only if it crosses Rs 260 or comes down to Rs 210, he adds. The stock is currently trading at Rs 230.70, down 2.5% on the BSE.

Hold GTL Infra with stop loss of Rs 36, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 44 crossing which it can go to Rs 50 and above, he adds. The stock is currently trading at Rs 39.70, down 1% on the BSE.

Hold Bata India with target of Rs 170, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 153, down 0.5% on the BSE.

Sell Tata Motors on any rally, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. It is in a downtrend and even if the market does well, this stock will under-perform, he adds. The stock is currently trading at Rs 292.75, down 2.2% on the BSE.

Hold Kalindee Rail with targets of Rs 227 and then 235, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 214, he adds. The stock is currently trading at Rs 222.10, down 0.9% on the BSE.

Buy Navneet Publications with target of Rs 95, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 85.80, up 3.6% on the BSE.

The market at noon is in the green again and trading firm. Sensex is trading at 14745, up 100 points from its previous close, and Nifty is at 4374, up 33 points. CNX Midcap index is up 0.8% and BSE Smallcap index is up 1.6%. The market breadth is positive with advances at 873 against declines of 296 on the NSE.

Buy Bharti Airtel at current levels with target of Rs 860 in one month, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 800, he adds. The stock is currently trading at Rs 816.90, down 0.7% on the BSE.



Hold IFCI with target of Rs 58, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 49, he adds. The stock is currently trading at Rs 53.90, up 1.2% on the BSE.



Sell ACC at Rs 763 with target of Rs 700, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 785, he adds. The stock is currently trading at Rs 765.50, up 0.2% on the BSE.



Buy Tata Communications with target of Rs 518, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 466, he adds. The stock is currently trading at Rs 491.55, up 0.8% on the BSE.



There hasn't been too much noise from the government and the budget expectations are not high, says Andrew Holland of Ambit Capital on CNBC TV18. And this, he believes, has dampened sentiment for the near-term. Oil de-regulation is unlikely to come up in the budget after the fuel price hike yesterday, he adds.

Sell Hindalco with target of Rs 72, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 87, he adds. The stock is currently trading at Rs 84.25, up 1% on the BSE.

Hold Essar Oil with stop loss of Rs 140, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 171 crossing which it can go to Rs 185, he adds. The stock is currently trading at Rs 159, up 1.4% on the BSE.

Buy Aptech with target of Rs 206, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 167, he adds. The stock is currently trading at Rs 182.40, up 2.4% on the BSE.

Buy Axis Bank with stop loss of Rs 860, says Deepak Mohoni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 861.95, down 0.9% on the BSE.

Buy IDFC with short-term target of Rs 140-145, says Rahul Mohinder, technical analyst, on CNBC TV18. It has support at Rs 128, he adds. The stock is currently trading at Rs 136.25 up 2.1% on the BSE.

Buy NIIT Ltd with intra-day target of Rs 78, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 70, he adds. The stock is currently trading at Rs 73.60, up 4.5% on the BSE.

Hold Unitech with short-term stop loss of Rs 76, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 86 crossing which it can go to Rs 95, he adds. The stock is currently trading at Rs 82.40, down 0.4% on the BSE.

Buy NIIT Ltd with targets of Rs 87 and then 99, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 66, he adds. The stock is currently trading at Rs 73.80, up 4.8% on the BSE.

Buy Zylog Systems with intra-day target of Rs 205, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 195, he adds. The stock is currently trading at Rs 197.45, up 0.7% on the BSE.

Buy BPCL, HPCL and IOC for returns of 15% in the short term, says Rahul Mohinder, technical analyst, on CNBC Awaaz.

Buy Zee Entertainment with intra-day target of Rs 185, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 176, he adds. The stock is currently trading at Rs 180, up 1.6% on the BSE.

Buy Ugar Sugar with intra-day target of Rs 27, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 23.45, he adds. The stock is at Rs 23.55, up 4.4% on the BSE.

Buy Sesa Goa at Rs 185 with target of Rs 191, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 181, she adds. The stock is at Rs 185.60, up 1.6% on the BSE.

Nifty is trading in a range now - within 4400 and 4250, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. He advises buying into the market only if the Nifty goes above 4400. Buy Neyveli Lignite at Rs 130 with target of Rs 135, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 127, she adds. The stock is at Rs 130.05, up 7.3% on the BSE.

Buy Kotak Mahindra Bank at Rs 643 with target of Rs 665, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 629, she adds. The stock is at Rs 642.65, up 1.7% on the BSE.