Sunday, July 26, 2009

BSE / NSE Brokerage Recommendations of Shares 13 July 2009

BSE / NSE Brokerage Recommendations of Shares 13 July 2009

Buy ICICI Bank with a target of Rs 670 and stop loss of Rs 615, says Nishant Jain of Tradeswift, on CNBC Awaaz. The stock is currently trading at Rs 631, up 0.45% on the BSE.

In F&O call, buy Cipla July futures with a target of 290 and stop loss of 258, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 267, up 2.23% on the BSE.

The downside now looks limited in the market, says Gaurag Shah of Geojit BNP Paribas, on NDTV Profit. Start deploying cash in a staggered way, 10-15%, for good long term gains, he adds.

In F&O call, sell Balrampur Chini July futures with a target of 85 and stop loss of 105, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The stock is currently trading at Rs 91, down 8.6% on the BSE.

It was a choppy day of trade as the market closed with weakness. But Sensex and Nifty recovered from the day's low led by IT and banking stocks. Sensex closed at 13407, down 96 points (provisional) and Nifty at 3976, down 27 points (provisional) from the previous close. CNX Midcap index was down 2.61% and BSE Smallcap index was down 3.19%. The market breadth was negative with advances at 241 against declines of 1003 on the NSE.

Hold Nifty short with a target of 3880 and stop loss of 3990, says Vijay Bhambwani, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Nifty call with a target of 140 and stop loss of 86, says Mitesh Thakkar, technical analyst, on CNBC TV18, as closing market strategy.

Buy Nifty call with a target of 150 and stop loss of 90, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

Sell Mahindra and Mahindra with a target of Rs 600 and stop loss of Rs 690, says Nitin Murarka of SMC Global Securities Zee Business, as closing market strategy.

Sell Nifty July futures with a target of 3875 and stop loss of 3991, says Bonanza Portfolio, on Zee Business, as closing market strategy.

A gap down opening is not good for the market and there is weakness, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. This is not the time to buy into the market, he feels. Wait for a consolidation and then enter as the market could fall lower, he adds.

The Asian markets closed with deep cuts while European markets are trading flat. Our market continues to trade weak. Sensex is trading at 13396, down 107 points and Nifty is at 3971, down 31 points from the previous close. CNX Midcap index is down 3.27% and BSE Smallcap index is down 3.75%. The market breadth is negative with advances at 170 against declines of 1063 on the NSE.

In F&O call, buy Nifty July futures with a target of 4020 and stop loss of 3950, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. The medium and long-term trend is weak and market could see a bounceback in the near term, he says.

In F&O call, buy Nifty July futures with a target of 4075 and stop loss of 3925, says Prakash Gaba, technical analyst, on CNBC Awaaz. The market is overstretched and a small pullback is possible, he says.

In F&O call, sell Nifty July futures with a target of 3800-3600 and stop loss of 4200, says Hormuz Maloo of Geojit BNP Paribas on CNBC Awaaz. The medium term trend is weak and market is likely to be volatile in the short term, he says.

In F&O call, sell Nifty July futures with a target of 4225 and stop loss of 4030, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. The market is in a downtrend, he says.

Sell Cairn India with a target of Rs 190 and stop loss of Rs 220, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 214, up 0.89% on the BSE.

Angel Broking maintains a buy on Jain Irrigation with a target of Rs 747, reports Zee Business. The stock is currently trading at Rs 726, up 2.3% on the BSE.

Sell Essar Oil in any rally around Rs 140, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 119, down 0.83% on the BSE.

Buy Tulip Telecom with a target of Rs 870 and stop loss of Rs 800, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 840, up 4.32% on the BSE.

Sell Subex in any rally and it has support at Rs 62, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 68, down 4.9% on the BSE.

Sterlite Technologies bags new order of Rs 372 crore from BSNL, says Dr Anand Agarwal, CEO of the company, on CNBC TV18. This order is to be executed within 12 months and with this order the company's order book stands at Rs 16500 crore, he adds. The stock is currently trading at Rs 162, down 4.7% on the BSE.

Buy Mahindra Satyam at Rs 50 for long term gains, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 73, down 1.8% on the BSE.

Sell ITC in any rally as it will find it difficult to cross Rs 220, keep a stop loss of Rs 205, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 212, up 0.88% on the BSE.

MF Global maintains a buy on Onmobile Global with a target of Rs 530 in one year, reports CNBC Awaaz. The stock is currently trading at Rs 442, up 3.9% on the BSE.

There is a massive waterfall decline in the market and there is more pain ahead, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Nifty has strong support at 3800-3600 which could be used as a good buying opportunity for the long term, he feels.

Buy GMR Infrastructure around Rs 114, it has resistance at Rs 132 where there will be a trend reversal, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 123, down 1.87% on the BSE.

Hold MindTree with resistance at Rs 500 and support at Rs 460, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 475, down 3.2% on the BSE.

Hold GAIL with resistance at Rs 320 and if that is crossed it could go to Rs 335-350 and it has support at Rs 295, says Salil Sharma, technical analyst, on Zee Business. The stock is currently trading at Rs 319, up 2.5% on the BSE.

Hold Prism Cements with target of Rs 42-47 and keep a stop loss of Rs 34, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 35, down 7% on the BSE.

Karvy Stock Broking maintains a sell on HDFC Bank with a target of Rs 1100, reports CNBC Awaaz. The stock is currently trading at Rs 1375, down 0.80% on the BSE.

Citigroup maintains a buy on JSW Steel with a target of Rs 756 in one year, reports CNBC Awaaz. The stock is currently trading at Rs 486, down 5.8% on the BSE.

Kotak Securities maintains a buy on Lupin with a target of Rs 1075, reports CNBC Awaaz. The stock is currently trading at Rs 788, down 0.64% on the BSE.

Buy DLF with a target of Rs 328 in one week, says KR Choksey, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 268, down 3.5% on the BSE.

CLSA cuts RIL target to Rs 1680 from Rs 1925, reports NDTV Profit. MAT is likely to impact by Rs 85/share and RIL-RNRL impact of Rs 157/share. The stock is currently trading at Rs 1735, down 2.39% on the BSE.

Stay out of Gammon India and instead look at IVRCL Infrastructure in this space, says P Phani Shekhar of Angel Broking on CNBC TV18. Gammon India saw a huge fall today following the collapse of its DMRC flyover in Delhi yesterday and this is the second incident as in 2007 another flyover in Hyderabad had collapsed, reports the channel. Gammon India is currently trading at Rs 145, down 10.2% on the BSE.

The market is now seeing a correction after the March-June rally, says Mitesh Thakkar, tehnical analyst, on CNBC Awaaz. Nifty has strong support at 3870 and the market could form a bottom here, he feels. But if that breaks, then pre-budget levels of 3700 cannot be ruled out, he says.

The Asian markets are looking bad. Poor global cues put pressure on our market that continues to trade weak. Sensex is trading at 13295, down 208 points and Nifty is at 3945, down 58 points from the previous close. CNX Midcap index is down 2.6% and BSE Smallcap index is down 3.05%. The market breadth is negative with advances at 129 against declines of 1018 on the NSE.

BoA-Merrill Lynch maintains a buy on ITC with a target of Rs 240 in one year, reports CNBC Awaaz. The stock is currently trading at Rs 209, down 0.52% on the BSE.

Buy Dabur India with a target of Rs 136 and stop loss of Rs 129, reports Bonanza, on CNBC Awaaz. The stock is currently trading at Rs 130, up 0.34% on the BSE.

Buy ITC and HUL on any dips as they could outperform going forward, says Sandeep Wagle of Angel Broking, on NDTV Profit.

Hold Infosys with a target of Rs 1800 and in weakness it has support at Rs 1500, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1754, up 1.6% on the BSE.

BGR Energy has bagged orders worth Rs 1632 crore, reports NDTV Profit. The stock is currently trading at Rs 275, up 4.15% on the BSE.

India is likely to correct along with global markets, says Punita Kumar Sinha of Blackstone Group, on CNBC TV18. The market is likely to be range-bound in the near-term, she says. Don't expect market to retest March lows anytime soon, she says. India's fundamentals are better but market is in correction mode, she feels. FIIs were disappointed initially as they expected a big bang budget, she says. But India's long-term growth story is great, she adds.

Sell Siemens with a target of Rs 389, says Simi Bhaumik, technical analyst, on Zee Business. Keep a stop loss of Rs 419, she adds. The stock is currently trading at Rs 398, down 3.5% on the BSE.

Sell DLF with a target of Rs 264, says Simi Bhaumik, technical analyst, on Zee Business. Keep a stop loss of Rs 289, she adds.