Saturday, July 4, 2009

Brokerage Recommendations 30 June 2009

Brokerage Recommendations 30 June 2009

Buy HCC with a target of Rs 125 and stop loss of Rs 100, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 103, down 3.09% on the BSE.

The market has corrected and is showing weakness, so the upside looks limited, says Prakash Gaba, technical analyst, on CNBC Awaaz. If market corrects to 14200, a technical bounce may be possible, he adds.

Buy Nifty 4300 put with a target of Rs 250 and stop loss of Rs 200, says technical trends on CNBC Awaaz, as closing market strategy.

Buy Nifty 4200 put with a target of Rs 225 and stop loss of Rs 140, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

GMR Infrastrucuture has withdrawn plans to raise its QIP issue of $500 million, says Subba Rao, group CFO, of the company, on CNBC TV18. The company has Rs 2000 crore of cash and all projects are fully funded, he says. Investors felt the valuations were high and the company will decide to raise funds at an appropriate time, he says. The stock is currently trading at Rs 104, down 9.2% on the BSE.

The market has seen such a huge QIP rush that has led to over Rs 7000 crore being sucked out of the market in just a few days, says Hemen Kapadia, technical analyst, on CNBC Awaaz. This is bound to affect the secondary market, he says. There may not be any clarity till budget and Nifty could trend lower to 4150 levels, he adds.

In an F&O call, buy Nifty July futures with a target of 4280 and stop loss of 4420, says Rahul Mohindar, technical analyst, on CNBC Awaaz. In this correction, Nifty has important support at 4280-4170 after which one can go short, he adds.

In an F&O call, buy Nifty July futures tomorrow around 4350 with a target of 4515-4550 and stop loss of 4250, says Prasad Kushe, technical analyst, on CNBC Awaaz. Nifty has support at 4282 and 4266, he adds.

In an F&O call, sell Nifty July futures with a target of 4100 and stop loss of 4447, says Anuj DIxit, technical analyst, on CNBC Awaaz. The market could go lower post the budget, he adds.

In an F&O call, sell Nifty July futures with a target of 4375 and stop loss of 4275, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The crucial level to watch is 4450 for Nifty to show any strength, he adds.

Buy RIL July Futures with a target of Rs 2090 and stop loss of Rs 2000, says Hemen Kapadia, technical analyst on CNBC Awaaz. RIL likely to see a pullback and this is a one-two day call, he adds. The stock is currently trading at Rs 2027, down 2.76% on the BSE.

Buy RIL around Rs 2055 with a target of Rs 2150, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 2027, down 2.76% on the BSE.

Hold Areva T&D with a target of Rs 360-370 where one can book profits and keep a stop loss of Rs 320, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 344, down 3.34% on the BSE.

Buy Cairn India with a target of Rs 244 and stop loss of Rs 228, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 234, up 0.1% on the BSE.

In the infrastructure space, IVRCL Infrastructure and GMR Infrastructure are the top picks, says Sanjeev Bhasin, investment advisor, on NDTV Profit. In the metal space, the top picks are SAIL and Sterlite Industries, he adds.

Valuations in the FMCG space are on the higher side, states Sharekhan on NDTV Profit. In this space, they are bullish on Marico, Colgate and GCPL.

The market continues to trade weak. Sensex is trading at 14534, down 251 points and Nifty is at 4308, down 82 points from the previous close. CNX Midcap index is down 1.88% and BSE Smallcap index is down 1.82%. The market breadth is negative with advances at 272 against declines of 944 on the NSE.

Buy BHEL with a target of Rs 2400 and stop loss of Rs 2000, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 2202, down 1.58% on the BSE.

Buy Renuka Sugar with a target of Rs 160 and stop loss of Rs 135, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 139, down 6.17% on the BSE.

Hold Tech Mahindra with a target of Rs 800-860 and keep a stop loss of Rs 700, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 741, down 0.19% on the BSE.

Buy Dr Reddys with a target of Rs 820 and stop loss of Rs 770, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 779, down 0.20% on the BSE.

Buy Petronet LNG with a target of Rs 80 and stop loss of Rs 70, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 70, down 3.22% on the BSE.

Buy Crompton Greaves at Rs 280 with stop loss closing below Rs 270, says Neera Jain of crnindia.com on NDTV Profit. The stock is currently trading at Rs 294, down 2.5% on the BSE.

The Asian markets are trading mixed while European markets have opened soft. Our market is trading weak and seeing selling pressure. Sensex is trading at 14617, down 168 points and Nifty is at 4328, down 62 points from the previous close. CNX Midcap index is down 1.72% and BSE Smallcap index is down 1.48%. The market breadth is negative with advances at 311 against declines of 882 on the NSE.

Buy Bajaj Hindustan at Rs 180-190 with target of Rs 240, says Neera Jain, technical analyst, on NDTV Profit. Keep stop loss closing below Rs 180, she adds. The stock is currently trading at Rs 211.20, down 7.8% on the BSE.

Hold DLF with target of Rs 385, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 315, he adds. The stock is currently trading at Rs 322, down 4.7% on the BSE.

Hold Firstsource Solution and exit at Rs 35, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 22, he adds. The stock is currently trading at Rs 25.05, down 5.7% on the BSE.

Hold SBI with target of Rs 1900 where book partial profits, says Neera Jain, technical analyst, on NDTV Profit. Hold the rest with stop loss closing below Rs 1600, she adds. The stock is currently trading at Rs 1750, down 0.9% on the BSE.

The Asian markets are trading ahead of economic fundamentals, says Kirby Daley of Newedge Group on CNBC TV18. While technical factors and funds could push markets higher in the near-term, I expect a correction in the second half of the year led by a major fall in US markets, he adds. He thinks that commodities are looking overheated.

Buy Suzlon Energy at Rs 110 with target of Rs 128, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 100, he adds. The stock is currently trading at Rs 107.80, down 7.9% on the BSE.

Hold Hindalco for 2-2.5 years for more than double the returns, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. The stock is currently trading at Rs 86.80, down 1.1% on the BSE.

Hold Max India with target of Rs 256, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 200, he adds. The stock is currently trading at Rs 212.90, down 3.5% on the BSE.

Hold Tata Steel for long term with targets of Rs 500 and then 625, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 350, he adds. The stock is currently trading at Rs 406, up 2.2% on the BSE.

Hold Apollo Hospitals with stop loss closing below Rs 500, says Neera Jain, technical analyst, on NDTV Profit. Book profits at Rs 600, she adds. The stock is currently trading at 573, up 1.1% on the BSE.

Buy GVK Power & Infrastructure with target of Rs 48.50, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 40, he adds. The stock is currently trading at Rs 42.85, down 1.2% on the BSE.

Buy Opto Circuits with target of Rs 190, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 153, he adds. The stock is currently trading at Rs 165, up 0.8% on the BSE.

Buy Petronet LNG at Rs 72 with stop loss of Rs 60, says PK Agarwal of Purpleline Investment on Zee Business. Keep short-term target of Rs 92 and medium-term target of Rs 95, he adds. The stock is currently trading at Rs 72, down 1.3% on the BSE.

Hold Satyam with stop loss of Rs 65, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 80 crossing which it can go to Rs 120, he adds. The stock is currently trading at Rs 74.40, up 1.2% on the BSE.

Hold Bajaj Hindustan for an upmove of Rs 20-25, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 210, he adds. The stock is currently trading at Rs 214.70, down 6.4% on the BSE.

Hold Sterlite Industries with target of Rs 745, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 600, he adds. The stock is currently trading at Rs 632, down 2.3% on the BSE.

Hold Noida Toll Bridge with trailing stop loss of Rs 37, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 48 crossing which it can go to Rs 58-60, he adds. The stock is currently trading at Rs 43.40, up 1.6% on the BSE.

An hour into opening, the market is now trading volatile after a good opening. Sensex is trading at 14749, down 35 points from its previous close, and Nifty is at 4376, down 14 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.2%. The market breadth is now negative with advances at 516 against declines of 579 on the NSE.

The Nifty should retest the recent peak of 4696-4700 and may head towards 5500-5700 level, says Laurence Balanco of CLSA on CNBC TV18. He sees resistance at 4620, 4755 and then 5090 and support at 4200.

Buy HCC with target of Rs 125, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 100, he adds. The stock is currently trading at Rs 109.30, up 2.3% on the BSE.

Buy Lanco Infra with target of Rs 454, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 320, he adds. The stock is currently trading at Rs 376, up 1.4% on the BSE.

Buy Alstom Projects with targets of Rs 528, 530 and then 540, says Rajat Bose, technical analyst, on CNBC TV18. Keep stop loss below Rs 512, he adds. The stock is currently trading at Rs 530, up 1.6% on the BSE.

Hold Dish TV with stop loss of Rs 38, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 45 crossing which it can go to Rs 55-57, he adds. The stock is currently trading at Rs 40, down 0.3% on the BSE.

Buy Titagarh Wagons with target of Rs 500, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 400, he adds. The stock is currently trading at Rs 440, up 2.2% on the BSE.

Buy India Infoline with intra-day target of Rs 140, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 130, he adds. The stock is currently trading at Rs 132.30, up 1% on the BSE.

Buy PVR with intra-day target of Rs 120, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 110.50, he adds. The stock is currently trading at Rs 116.50, up 4.5% on the BSE.

Buy Henkel India with intra-day target of Rs 22.50, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 20.25, he adds. The stock is at Rs 20.35, down 0.5% on the BSE.

Buy SCI at Rs 126 with target of Rs 131, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 123, she adds. The stock is at Rs 126.15, up 4.2% on the BSE.

Buy Sail at Rs 158 with target of Rs 161, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 154, she adds. The stock is at Rs 157.95, up 4.2% on the BSE.

Buy HDIL at Rs 265 with target of Rs 276, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 258, she adds. The stock is at Rs 265, up 5.1% on the BSE.