Sunday, July 12, 2009

Brokerage Recommendations 9th July 2009

Brokerage Recommendations 9th July 2009

Buy Finolex Industries with a target of Rs 75 in 18 months, says Rajen Shah of Angel Broking, on CNBC Awaaz. The stock is currently trading at Rs 42, up 2.88% on the BSE.

Sell L&T with a target of Rs 1260 and stop loss of Rs 1500, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1388, down 1.78% on the BSE.

Buy VST Tillers 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 286, up 3% on the BSE.

The market is seeing a short covering rally that could take it to Nifty 4175-4200 levels, says Bharat Dalal of Dawney Day on NDTV Profit. But the maximum Nifty can go to 4250 after which it will drift downwards, he feels. In the downtrend, Nifty could break 4000 and then head to 3850, he adds.

It was a choppy day of trade as the market closed flat. Sensex closed at 13765, down 3 points (provisional) and Nifty at 4080, up 2 points (provisional) from the previous close. CNX Midcap index was up 0.95% and BSE Smallcap index was down 0.19%. The market breadth was negative with advances at 516 against declines of 698 on the NSE.

Buy Nifty call 4100 with a target of 200 and stop loss of 100, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy. Buy Sterlite Industries with a target of Rs 600 and stop loss of Rs 532, he adds.

Buy Nifty above 4100 with target of 4200 and stop loss of 4080, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

In F&O call, sell Nifty July futures with a target of 3900 and stop loss of 4250, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. The trend continues to be down, he adds.

In F&O call, buy Nifty July futures with a target of 4160 and stop loss of 4030, says Neera Jain of crnindia.com, on CNBC Awaaz. This call is only till tomorrow morning 10.30am as the market is likely to see a relief rally in the short term, she says.

In F&O call, buy Nifty July futures with a target of 4225 and stop loss of 4030, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. The market likely to see a short covering rally for the next 2-3 sessions, she says.

The market is seeing a short covering rally today after yesterday's big fall, says Vijay Bhambvani, technical analyst, on CNBC TV18. Unless Nifty trades above 4150 decisively, there is no real recovery, he feels.

The market continues to trade flat and has shed most of its gains. Sensex is trading at 13779, up 10 points and Nifty is at 4087, up 8 points from the previous close. CNX Midcap index is up 1.06% and BSE Smallcap index is up 0.15%. The market breadth is negative with advances at 557 against declines of 649 on the NSE.

Buy Sesa Goa July futures with a target of Rs 220 and stop loss of Rs 180, says Neera Jain of crnindia.com, on CNBC Awaaz. The stock is currently trading at Rs 192, up 2.17% on the BSE.

Hold Century Textiles with a target of Rs 410-420 where one can exit, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 404, up 2.02% on the BSE.

Sell BHEL with a target of Rs 1772 and stop loss of Rs 2280, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2017, down 1.45% on the BSE.

Buy Voltas with a target of Rs 145, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 121, down 1.3% on the BSE.

Sell JP Associates with a target of Rs 174 and stop loss of Rs 212, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 201, up 3.4% on the BSE.

Buy Prism Cements with a target of Rs 50-52 and stop loss of Rs 38, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 41, up 2.1% on the BSE. » Send to friends

2:17 PM - Sell Cairn India with a target of Rs 180 and stop loss of Rs 226, says Anuj Dixit, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 207, up 0.90% on the BSE.

The market is trading almost flat. Sensex is trading at 14350, up 81 points and Nifty is at 4106, up 27 points from the previous close. CNX Midcap index is up 0.99% and BSE Smallcap index is up 0.25%. The market breadth is negative with advances at 592 against declines of 604 on the NSE.

Buy IVRCL Infrastructure with a target of Rs 370 and stop loss of Rs 324, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 328, up 0.91% on the BSE.

Buy CESC with a target of Rs 288 and stop loss of Rs 260, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 270, up 0.02% on the BSE.

Buy Satyam with target of Rs 100, says Bhavin Shah of JP Morgan on CNBC TV18. The stock is currently trading at Rs 73, up 3.69% on the BSE.

buy Tata Motors with a target of Rs 298-310 and stop loss of Rs 270, says Rahul Mohindar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 271, down 3.5% on the BSE.

The trend is now down and the market is likely to head lower, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. Traders can go short on rallies, he adds.

The market is likely to correct further and Nifty may retest 3500-3600 levels, says Ashwani Gujral, technical analyst, on CNBC TV18. Market is likely to give maximum pain before it will turn around and go higher, he adds.

The Asian markets are trading mixed while European markets have opened in the positive. Good global cues see our market trade in the positive. Sensex is trading at 14389, up 70 points and Nifty is at 4104, up 21 points from the previous close. CNX Midcap index is up 0.91% and BSE Smallcap index is up 0.29%. The market breadth is negative with advances at 561 against declines of 615 on the NSE.

Buy IVRCL Infra, GMR Infra and Punj Lloyd on dips with long-term view, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

Hold IndusInd Bank with target of Rs 95, says Rajesh Jain of SMC Global Securities on NDTV Profit. Keep stop loss of Rs 70, he adds. The stock is currently trading at Rs 82.40, down 1% on the BSE.

Hold Chambal Fertilisers with target of Rs 62, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 51, he adds. But if the Nifty goes down to 3600 then this stock could fall to Rs 43, he says. The stock is currently trading at Rs 55.90, up 1.5% on the BSE.

Buy RIL at Rs 2000 and GAIL at current levels with long-term view, says Sharmila Joshi of Systematix Shares on CNBC Awaaz.

Buy TCS with target of Rs 550, says Bhavin Shah of JP Morgan on CNBC TV18. The stock is currently trading at Rs 385.20, up 1.4% on the BSE.

The sentiment has turned negative as the budget did not meet expectations, says Vibhav Kapoor of IL&FS on CNBC TV18. The global situation remains poor and I expect the global markets to fall further, he adds. He believes that the Nifty is likely to break below 4000 and could go down to 3500-3600 levels.

Hold Unitech with target of Rs 73-74, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. It has support at Rs 60-62, he adds. The stock is currently trading at Rs 66.50, down 2.3% on the BSE.

Hold WWIL with target of Rs 21, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 14, he adds. The stock is currently trading at Rs 16.65 on the BSE.

Hold Educomp Solutions with target of Rs 3850, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 3550, he adds. The stock is currently trading at Rs 3832, up 10.7% on the BSE.

Hold SAIL with target of Rs 175, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep trailing stop loss of Rs 120, he adds. Buy again when it comes to Rs 100-110, he says. The stock is currently trading at Rs 151.85, up 3.2% on the BSE.

WPI for all commodities is up 0.04% at 234.7(WoW), reports NDTV Profit. Primary Articles Index is up 0.3% and Manufactured Products Index down 0.1%(WoW), it adds.

The inflation figure for the week ended June 27 has been announced at -1.55% versus the earlier figure of -1.30% for week ended June 20, reports NDTV Profit.

Hold Spice Communications with target of Rs 65-70, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 54, he adds. The stock is currently trading at Rs 57.10 on the BSE.

Buy ICICI Bank, SBI and Axis Bank on dips and hold with strict stop loss, says Rahul Mohinder, technical analyst, on CNBC Awaaz.

Hold IndusInd Bank with target of Rs 94, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 72, he adds. The stock is currently trading at Rs 81.85, down 1.7% on the BSE.

Hold India Cements with target of Rs 155, says MB Singh, technical analyst, on CNBC TV18. Keep stop loss of Rs 127, he adds. The stock is currently trading at Rs 143.25, up 2.3% on the BSE.

Hold ACC with target of Rs 820, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 790, up 1.1% on the BSE.

Buy C&C Constructions for 50-100% gains in 1-2 years, says Ashish Chugh, market expert, on CNBC Awaaz. The stock is currently trading at Rs 162.30, up 5.4% on the BSE.

Exit IFCI because it could go down to Rs 30, says MB Singh, technical analyst, on CNBC TV18. The stock is currently trading at Rs 43.85, on the BSE.

Buy Unitech only on dips with target of Rs 125 in one year, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 64.60, down 5.1% on the BSE.

Wait for a bounce-back to take short positions in the Nifty July Futures, says Deepak Mohoni, technical analyst, on CNBC TV18. Keep stop loss of 4130, he adds.

Exit Videocon Industries on any rally, says MB Singh, technical analyst, on CNBC TV18. It could go down to Rs 125 and then 115, he adds. The stock is currently trading at Rs 157.65, up 0.3% on the BSE.

Buy NMDC with intra-day target of Rs 345, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 330, he adds. The stock is currently trading at Rs 338.90, up 2.1% on the BSE.

Buy BPCL Futures above Rs 465 with target of Rs 474-476, says Vijay Bhambwani, technical analyst, on CNBC TV18. Keep stop loss of Rs 461, he adds. The stock is currently trading at Rs 468.30, up 1% on the BSE.
Sell MRPL at Rs 71 with target of Rs 69, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 73, she adds. The stock is at Rs 71.45, down 8.2% on the BSE.

Hold short positions in the Nifty with target of 4000-4020, says Vijay Bhambwani, technical analyst, on CNBC TV18. Keep stop loss of 4150, he adds.

Sell ABB at Rs 713 with target of Rs 695, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 722, she adds. The stock is at Rs 713.05, down 5.3% on the BSE.

Sell HDIL at Rs 201 with target of Rs 192, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 207, she adds. The stock is at Rs 200.75, down 6.8% on the BSE.