Sunday, July 12, 2009

Brokerage Recommendations 8 July 2009

Brokerage Recommendations 8 July 2009

Hold Marico but new investors do not buy at this level, says Anand Shah of Angel Broking on CNBC Awaaz. The stock is at Rs 80.70, up 0.4% on the BSE.

Buy Jaiprakash Associates with target of Rs 215, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 190, he adds. The stock is at Rs 194.45, down 5.6% on the BSE.

Buy ITC with target of Rs 230, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 195, he adds. The stock is at Rs 209.60, down 0.8% on the BSE.

The market fell as the budget did not meet expectations, says Clive McDonnell of BNP Paribas Securities on CNBC TV18. He thinks that overall, the budget was sensible and feels that the fiscal deficit target may be conservative given the government's spending needs. P/B (price/book) levels of Asia ex-Japan are moving towards the long-term average and we expect around 10-15% correction in Q3CY09, he adds.

Buy HUL with target of Rs 295, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 260, he adds. The stock is at Rs 269.45, down 1.6% on the BSE.

Hold GSPL with short-term target of Rs 63 and Rs 70 in 5-6 weeks, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is at Rs 53.05, down 2.1% on the BSE.

It was a volatile day for the Indian market which closed on a negative note amid selling pressure. Sensex closed at 13763, down 406 points (provisional) and Nifty at 4075, down 126 points (provisional) from the previous close. CNX Midcap index was down 2.3% and BSE Smallcap index was down 3.8%. The market breadth was negative with advances at 183 against declines of 1062 on the NSE.

Maintain short positions with targets of 4000 and 4020 and stop loss 4150, says Vijay Bhambwani, technical analyst, on CNBC TV18, as market closing strategy.

Hold on to short positions with targets of 4020 and 4053 and stop loss of 4140, says Rajat Bose, technical analyst, on CNBC TV18, as market closing strategy.

Sell ABB with target of Rs 650, says Nishant Jain of Tradeswift on CNBC Awaaz. Keep stop loss of Rs 750, he adds. The stock is currently trading at Rs 710, down 5.6% on the BSE.

Buy HPCL at Rs 325 with target of Rs 350, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 310, he adds. The stock is currently trading at Rs 324.95, up 2.7% on the BSE.

Buy ACC with target of Rs 850, says Nishant Jain of Tradeswift on CNBC Awaaz. Keep stop loss of Rs 750, he adds. The stock is currently trading at Rs 785.30, up 3% on the BSE.

A few minutes before close, the market continues to remain choppy. Sensex is trading at 13777, down 393 points from its previous close, and Nifty is at 4079, down 122 points. CNX Midcap index is down 2.2% and BSE Smallcap index is down 3.6%. The market breadth is negative with advances at 181 against declines of 1059 on the NSE.

Buy Heidelberg Cement at Rs 38.50 with medium-term target of Rs 50-55, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 30, she adds. The stock is currently trading at Rs 37.40, up 0.9% on the BSE.

F&O Call: Sell Nifty with target of 3880, says Anuj Dikshit, technical analyst, on CNBC Awaaz. Keep stop loss of 4250, he adds.

F&O Call: Buy Nifty with target of 4190, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of 4052, he adds.

F&O Call: Sell Nifty with target of 4080, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of 4160, he adds.

F&O Call: Sell Nifty with target of 4070-4080, says Raj Kishore Bang, technical analyst, on CNBC Awaaz. Keep stop loss of 4180, he adds.

Buy Taj GVK above Rs 82 with target of Rs 95, says Nishant Jain of Tradeswift on CNBC Awaaz. Keep stop loss of Rs 70, he adds. The stock is currently trading at Rs 80.35, down 0.1% on the BSE.

Buy Nifty at 4120 with target of 4160, says Hemen Kapadia, technical analyst, on CNBC Awaaz. Keep stop loss of 4100, he adds.

The rate sensitives have overreacted to the budget, says Prabhat Awasthi of Nomura on CNBC TV18. He sees a 5-7% downside risk to the market and adds that his one-year Sensex target of 16400 now offers a potential upside of 17%. We have 5% cash allocation in our model portfolio but would look to reduce it on further dips, he says.

Hold Havells India with stop loss below Rs 238 on closing basis, says Mandar Jamsandekar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 263, down 2.3% on the BSE.

Buy Prism Cement at Rs 41.80 with medium-term target of Rs 55-60, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 33, she adds. The stock is currently trading at Rs 41.90, down 0.2% on the BSE.

Buy HPCL with target of Rs 360, says Nishant Jain of Tradeswift on CNBC Awaaz. Keep stop loss of Rs 310, he adds. The stock is currently trading at Rs 330, up 4.3% on the BSE.

The market has made some recovery and moved up from the day's low. Europe is trading mixed. Sensex is trading at 13961, down 209 points from its previous close, and Nifty is at 4135, down 66 points. CNX Midcap index is down 0.7% and BSE Smallcap index is down 2.2%. The market breadth is negative with advances at 234 against declines of 1000 on the NSE.

Hold ITC with short-term target of Rs 230 and long-term target of Rs 250, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 210.35, down 0.4% on the BSE.

Sell IDFC with target of Rs 110, says Nishant Jain of Tradeswift on CNBC Awaaz. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 130.40, down 3.8% on the BSE.

Buy ACC at Rs 788 with medium-term target of Rs 900-950, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 688, she adds. The stock is currently trading at Rs 800.10, up 4.9% on the BSE.

Buy SBI on dips at Rs 1500, says PK Agarwal of Purpleline Investment on NDTV Profit. It is fundamentally a strong stock, he adds. The stock is currently trading at Rs 1580, down 3.4% on the BSE.

Buy real estate stocks on every dip and sell on every rise, says Deven Choksey of KR Choksey on Zee Business. This should be the strategy in real estate for the next 3-4 quarters, he adds.

Hold Marico with stop loss of Rs 70, says PK Agarwal of Purpleline Investment on NDTV Profit. It is fundamentally a sound stock, he adds. The stock is currently trading at Rs 79, down 1.7% on the BSE.

Hold Jaiprakash Associates which is fundamentally a strong stock, says PK Agarwal of Purpleline Investment on NDTV Profit. It has good projects in hand ahead, he adds. The stock is currently trading at Rs 201.85, down 2% on the BSE.

Short Unitech July Futures only at Rs 70-75, says Kalyan Reddy of Karvy Stock Broking on NDTV Profit. It has support at Rs 62-50, he adds. The stock is currently trading at Rs 68.30, down 10.5% on the BSE.

Buy HCC Futures only if it holds the support level of Rs 95, says Kalyan Reddy of Karvy Stock Broking on NDTV Profit. Keep stop loss of Rs 92-88, he adds. The stock is currently trading at Rs 100.20, down 5.7% on the BSE.

Hold ONGC with target of Rs 1250 in one year, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1023.80, down 2.5% on the BSE.

Hold Jaiprakash Associates with stop loss of Rs 184 and book profits on rally, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has resistance at Rs 221 and support at Rs 186, he adds. The stock is currently trading at Rs 203.60, down 1.1% on the BSE.

Hold Aptech with target of Rs 200, says Prakash Gaba, technical analyst, on CNBC Awaaz. Average when it comes to Rs 125, he adds. The stock is currently trading at Rs 143.50, down 3.6% on the BSE.

Hold Kalindee Rail for long term, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. There may be good news still left in this stock before the next rail budget, he adds. The stock is currently trading at Rs 182.20, down 5% on the BSE.

Hold IVRCL Infrastructure which has resistance at Rs 390 crossing which it can go up by another Rs 50-60, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 338.05, down 6.1% on the BSE.

Exit Nagarjuna Fertilisers which can go down further from here, says Mandar Jamsandekar, technical analyst, on NDTV Profit. It has resistance at Rs 40-44 and support at Rs 26, he adds. The stock is currently trading at Rs 33.75, down 6.8% on the BSE.

Hold United Spirits with target of Rs 1200-1300, says Prakash Gaba, technical analyst, on CNBC Awaaz. Average when it comes to Rs 750, he adds. Upmove still remains in this stock. It is currently trading at Rs 852, down 2.1% on the BSE.

Hold GAIL with short-term target of Rs 350-355, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 315.10, down 2.7% on the BSE.

Exit Kalindee Rail because the upmove in this stock is exhausted, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 182.20, down 5% on the BSE.

Avoid buying Educomp Solutions in this market, says MB Singh, technical analyst, on Zee Business. This is a momentum stock and below Rs 3450 it is weak, he adds. The stock is currently trading at Rs 3627.95, down 5% on the BSE.

Buy Hindalco on dips for good returns, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 77.25, down 1.1 on the BSE. » Send to friends

11:17 AM - Buy IRB Infrastructure at Rs 165-170 with short-to-medium target of Rs 230, says Rajat Bose, technical analyst, on CNBC Awaaz. Keep stop loss below Rs 150, he adds. The stock is currently trading at Rs 170.05, down 2.3% on the BSE.

Sell Aban Offshore with target of Rs 700, says Rajat Bose, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 767, he adds. The stock is currently trading at Rs 739, down 6.4% on the BSE.

An hour into opening, the market continues to trade choppy and weak. Asian markets are still trading in the red. Sensex is trading at 13782, down 387 points from its previous close, and Nifty is at 4084, down 117 points. CNX Midcap index is down 2.7% and BSE Smallcap index is down 3.7%. The market breadth is negative with advances at 94 against declines of 1063 on the NSE.

Book profits in Shree Cements and then buy again on dips, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1210, up 0.8% on the BSE.

Hold ITC which has resistance at Rs 220, says Rajat Bose, technical analyst, on CNBC Awaaz. If it sustains above this level then keep target of Rs 250, he adds. The stock is currently trading at Rs 210.50, down 0.3% on the BSE.

Buy Manali Petro at Rs 7 with long-term target of Rs 12, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 9, down 2.1% on the BSE.

Buy Nifty 3700 July Put Option at Premium of Rs 38.35 for target of Rs 75-80, says Zee Business in a Nifty trading strategy.

Buy Kesoram Industries with short-to-medium target of Rs 330-340, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 262.60, down 2.9% on the BSE.

Hold Mundra Port with target of Rs 550, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 495, he adds. The stock is currently trading at Rs 497, down 4.7% on the BSE.

Buy Sterlite Industries at Rs 550 with target of Rs 600, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 545, he adds. The stock is currently trading at Rs 555, down 6.9% on the BSE.

Sell SCI with intra-day target of Rs 115, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 122, he adds. The stock is currently trading at Rs 117.30, down 3.2% on the BSE.

Sell Mercator Lines with intra-day target of Rs 48, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 51.50, he adds. The stock is currently trading at Rs 49.40, down 3.6% on the BSE.

The market opens on a weak note, in the steps of negative global cues. Sensex is trading at 13970, down 199 points from its previous close, and Nifty is at 4140, down 61 points. CNX Midcap index is down 1.4% and BSE Smallcap index is down 1.2%. The market breadth is negative with advances at 61 against declines of 441 on the NSE.

Sell HDIL at Rs 215 with target of Rs 202, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 224, she adds. The stock is at Rs 215.35, down 5.2% on the BSE.

Buy JP Associates at Rs 206 with target of Rs 211, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 199, she adds. The stock is at Rs 205.95, up 6.7% on the BSE.