Monday, July 27, 2009

Brokerage Recommendations of shares 16 July 2009

Brokerage Recommendations 16 July 2009 In the auto space, Maruti Suzuki is the best for long-term gains, says Upendra Kulkarni, technical analyst, on NDTV Profit. His other two picks are Hero Honda and Mahindra & Mahindra. In the infrastructure space, accumulate L&T and BHEL (top picks) on dips and keep in the portfolio for good long-term gains, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC TV18. In the cement space, buy ACC,Ambuja Cements and Kesoram (top picks) for good long-term gains, says Upendra Kulkarni, technical analyst, on NDTV Profit. Buy PFC with a target of Rs 226 and stop loss of Rs 209, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 217, down 3.4% on the BSE. Buy Gujarat NRE Coke with a target of Rs 46 and stop loss of Rs 36.50, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 43, up 6.38% on the BSE. Sell ACC with a target of Rs 760 and stop loss of Rs 810, says technical analyst of TradeSwift Broking, on CNBC Awaaz, as closing market strategy. Book profits in all Nifty positions, says Vijay Bhambwani, technical analyst, on CNBC Awaaz, as closing market strategy. Sell DLF with a target of Rs 300 and stop loss of Rs 322, says technical analyst of TradeSwift Broking, on CNBC Awaaz, as closing market strategy. The market is seeing profit booking at higher levels, says Ashwani Gujral, technical analyst, on CNBC Awaaz. In an uptrend the market generally takes a pause of a day or two before resuming its trend, he feels. Nifty will now in a range of 3900-4500, he says. Go long after Nifty crosses 4305, he adds. The intermediate downtrend seems over now, says Rajat Bose, technical analyst, on CNBC TV18. If we close above 4270 comfortably, it will signify a trend reversal, he feels. Nifty has strong support at 4185-4144 and buying is expected to emerge at lower levels, he adds. Hold RIL with a target of Rs 1953-2050 where one can exit the stock, says Anil Maghnani, technical analyst, on Zee Business. The stock has support at Rs 1650 where it's a great buy for the long-term, he adds. It is currently trading at Rs 1948, up 3.9% on the BSE. Buy India Infoline with a target of Rs 158 and stop loss of Rs 122, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 137, up 4.05% on the BSE. Buy Alkali Metals with a target of Rs 270 and stop loss of Rs 215, says Jatindar Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 257, up 3.15% on the BSE. Buy United Spirits with a target of Rs 936 and then it could rally up to Rs 980 and stop loss of Rs 889, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 935, up 7.3% on the BSE. The market is likely to be volatile and now move into a range, says Sandeep Jain of Tradeswift, on CNBC Awaaz. A further 10-15% correction is not ruled out and would be healthy for the market, he adds. Investors can buy select stocks on dips, he feels. The market is under pressure and trading flat. Sensex is trading at 14225, down 28 points and Nifty is at 4224, down 8 points from the previous close. CNX Midcap index is up 0.13% and BSE Smallcap index is up 0.63%. The market breadth is positive with advances at 709 against declines of 497 on the NSE. In the banking space, buy Axis Bank and HDFC Bank for good long-term gains, says Srikant Chouhan, technical analyst, Kotak Securities, on CNBC TV18. Buy JP Associates with a target of Rs 225-236 and stop loss of Rs 185, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 201, down 2.2% on the BSE. Buy Tata Steel, Sesa Goa and JSW Steel for good gains, says Hemang Jani of Sharekhan on CNBC Awaaz. In the cement sector, he would advise investing in UltraTech Cement and Madras Cement. Hold Tata Motors for medium to long term with target of Rs 350, says PK Agarwal of Purpleline Investment on Zee Business. It has resistance at Rs 315, he adds. The stock is currently trading at Rs 299, up 3.6% on the BSE. Hold Mercator Lines with target of Rs 65, says Ashwani Gujral, technical analyst, on CNBC TV18. It has strong support at Rs 50, he adds. The stock is currently trading at Rs 55, down 0.63% on the BSE. Flat global cues see our market come off the day's highs. Sensex is trading at 14294, up 41 points and Nifty is at 4244, up 11 points from the previous close. CNX Midcap index is up 0.57% and BSE Smallcap index is up 0.85%. The market breadth is positive with advances at 777 against declines of 424 on the NSE. Hold Hindalco with targets of Rs 112 and then 125, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. Keep stop loss of Rs 67, he adds. It has resistance at Rs 85 and 90, he says. The stock is currently trading at Rs 78.70, down 1.2% on the BSE. Hold Indiabulls Real Estate with targets of Rs 234 and then 262, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has support at Rs 200, she adds. The stock is currently trading at Rs 218.20, up 1.1% on the BSE. Hold Indiabulls Real Estate and exit when it goes to Rs 240, says DD Sharma of Anand Rathi Securities on CNBC Awaaz. Buy again on dips and trade in the same manner, he adds. The stock is currently trading at Rs 216, up 0.1% on the BSE. Hold SCI with target of Rs 155, says Ashwani Gujral, technical analyst, on CNBC TV18. It has resistance at Rs 135, he adds. The stock is currently trading at Rs 124.50, up 0.1% on the BSE. We remain overweight on India, says Nilesh Jasani of Credit Suisse on CNBC TV18. While India's price to book value is higher than Asia, the ROE of 17.5% is much higher than Asia's 10.8%, he adds. Hold RNRL with targets of Rs 112 and then 124, says Vasudeo Kamlakant, technical analyst, on NDTV Profit. It has resistance at Rs 87 and 93, he adds. The stock is currently trading at Rs 82.40, up 3.8% on the BSE. Buy Zee Entertainment at Rs 157 with target of Rs 188, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 164.40, up 0.3% on the BSE. » Send to friends Hold Polaris Software with targets of Rs 115 and then 125, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 80, he adds. The stock is currently trading at Rs 107.35, up 6% on the BSE. At noon the market appears to be coming under some pressure, losing the earlier gains. Sensex is trading at 14302, up 49 points from its previous close, and Nifty is at 4244, up 10 points. CNX Midcap index is up 0.5% and BSE Smallcap index is up 0.7%. The market breadth is positive with advances at 783 against declines of 402 on the NSE. Hold Reliance Power with target of Rs 180 in a couple of days, says Ashwani Gujral, technical analyst, on CNBC TV18. It has strong support at Rs 143, he adds. The stock is currently trading at Rs 165.90, up 0.9% on the BSE. WPI for all commodities is up 0.7% at 236.4(WoW), reports NDTV Profit. Manufactured Products Index is up 0.2%, Fuel Group Index is up 3.1%(WoW), while Primary Articles Index remains unchanged, it adds. The inflation figure for the week ended July 4 has been announced at -1.21% versus the earlier figure of -1.55% for week ended June 27, reports NDTV Profit. Buy Jindal Steel & Power on dips, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The fundamentals of this company are very good, he adds. The stock is currently trading at Rs 2575, up 1.4% on the BSE. Hold Idea Cellular with target of Rs 85, says MB Singh, technical analyst, on Zee Business. Keep short-term stop loss of Rs 66 and medium-term stop loss of Rs 63, he adds. The stock is currently trading at Rs 73.10, down 0.3% on the BSE. Hold Ambuja Cements with target of Rs 125, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 90, he adds. It has resistance at Rs 107, he says. The stock is currently trading at Rs 98.60, down 0.7% on the BSE. The rise over the last two days seems like a technical pull-back after the correction, says Devesh Kumar of Centrum Finance on CNBC TV18. But, he adds, that it is not clear yet whether this is a new uptrend. He expects the Nifty to be ranged between 3800-4500 for the next few weeks. Hold Praj Industries with target of Rs 87, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 81.75, up 2.2% on the BSE. Hold JP Hydro with target of Rs 95, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 65 and resistance at Rs 86, he adds. The stock is currently trading at Rs 80.30, up 2% on the BSE. » Send to friends The Q1 L&T net profit results has been announced at Rs 1598 versus the earlier figure of Rs 502 crores, reports CNBC TV18. Hold Subex with target of Rs 82-85, says PK Agarwal of Purpleline Investment on Zee Business. Keep stop loss of Rs 65, he adds. The stock is currently trading at Rs 75, up 1.2% on the BSE. Hold Power Grid for long term with stop loss of Rs 90, says MB Singh, technical analyst, on Zee Business. It has resistance at Rs 117, he adds. The stock is currently trading at Rs 111.50, up 0.4% on the BSE. Buy LIC Housing Finance for both short-term trading or long-term investment, says Deepak Mohoni, technical analyst, on CNBC TV18. The stock is currently trading at Rs 631, up 0.4% on the BSE. Hold Era Infra Engineering with target of Rs 132, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 108, he adds. The stock is currently trading at Rs 124.60, up 0.04% on the BSE. Buy Essar Oil with target of Rs 160, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 124, he adds. The stock is currently trading at Rs 136.85, up 3.2% on the BSE. Buy Adani Enterprises which has resistance at Rs 850 crossing which it can go high, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 700, he adds. The stock is currently trading at Rs 807.50, up 0.8% on the BSE. Buy Sterlite Industries when it comes down to Rs 550, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The stock is currently trading at Rs 595.80, down 5.2% on the BSE. Buy Hindustan Copper with intra-day target of Rs 265, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 240, he adds. The stock is currently trading at Rs 251.70, up 3.6% on the BSE. Buy Tech Mahindra at Rs 700 with target of Rs 720-730, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Keep stop loss of Rs 685, he adds. The stock is currently trading at Rs 710, up 1.5% on the BSE. » Send to friends Buy Alkali Metals with intra-day target of Rs 275, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 246, he adds. The stock is currently trading at Rs 263, up 5.6% on the BSE. Buy Meghmani Organics with intra-day target of Rs 17, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 14, he adds. The stock is currently trading at Rs 15.69, up 11% on the BSE. The market opens on a good note, in the steps of positive global cues. Earlier, the US markets closed on a high and Asia is trading firm. Sensex is trading at 14451, up 198 points from its previous close, and Nifty is at 4291, up 57 points. CNX Midcap index is up 1.7% and BSE Smallcap index is up 1.7%. The market breadth is positive with advances at 496 against declines of 30 on the NSE. Buy SAIL at Rs 161 with intra-day target of Rs 166, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 157, she adds. The stock is at Rs 161.35, up 5.6% on the BSE. Buy Reliance Power at Rs 164 with intra-day target of Rs 171, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 161, she adds. The stock is at Rs 164.45, up 8.5% on the BSE. The market will open on a positive note today, says Salil Sharma, technical analyst, on CNBC Awaaz. He sees support for the Nifty at 4220-4170 and resistance at 4280-4330. He expects good gains in RIL, ICICI Bank, PNB and BOB. Buy Axis Bank at Rs 789 with intra-day target of Rs 810, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 775, she adds. The stock is at Rs 788.90, up 3.4% on the BSE.