Monday, August 3, 2009

Brokerage Recommenations 27th July 2009

Buy Tata Steel with a target of Rs 465 and then it can go to Rs 530, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 457, up 3.3% on the BSE.

Buy NIIT Ltd. with a target of Rs 75-90 and stop loss of Rs 57, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 63, down 1.9% on the BSE.

Buy JK Paper with a target of Rs 35 and stop loss of Rs 28, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 31, up 7.8% on the BSE.

Sell Nifty futures with a target of 4450 and stop loss of 4620, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

Buy Mahindra Satyam with a target of Rs 110 and stop loss of Rs 96, says Salil Kapoor, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Neyvelli Lignite with a target of Rs 160 and stop loss of Rs 130, says Nitin Murarka, technical analyst, on Zee Business, as closing market strategy.

Buy GMR Infra with a target of Rs 155 and stop loss of Rs 144, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Maintain Nifty longs with a target of 4640 and stop loss of 4530, says Rahul Mohindar, technical analyst, on CNBC TV18, as closing market strategy.

Buy Nifty futures with a target of 4640 and stop loss of 4540, says Salil Kapoor, technical analyst, on CNBC Awaaz, as closing market strategy.

In an F&O call, buy Nifty July futures with a target of 4590-4630 and stop loss of 4510, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Till Nifty is above 4510 the momentum is intact and after a pause the market is likely to head upward, he says.

In an F&O call, buy Nifty July futures with a target of 4590-4650 and stop loss of 4480, says Salil Kapoor, technical analyst, on CNBC Awaaz.

In an F&O call, buy Nifty July futures with a target of 4700 and stop loss of 4387, says Anuj Dixit, technical analyst, on CNBC Awaaz. In the short term, the market may move sideways but the medium term trend is up, he says.

In an F&O call, sell Nifty July futures with a target of 4450 and stop loss of 4600, says Ashwani Gujral, technical analyst, on CNBC Awaaz. In the near term, if there is global weakness, the market may correct but then it is headed upwards, he says. Close to Nifty 4600 book part profits, he adds.

Buy Welspun Gujarat with a target of Rs 225 after which it can go to Rs 350, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 210, down 1.36% on the BSE.

Citi maintains hold on ICICI Bank with a medium-term target price of Rs 830 and Credit Suisse maintains underperform with a target of Rs 538, reports NDTV Profit. ICICI Bank is currently trading at Rs 754, down 1.75% on the BSE.

Buy Suzlon with a target of Rs 117-130 and stop loss of Rs 90, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 105, up 1.64% on the BSE.

Buy L&T on dips and in staggered fashion, says Ashish Kapur of Invest Shoppe on CNBC Awaaz. It is the best infrastructure stock to be invested in, he adds. The stock is currently trading at Rs 1492, down 0.40% on the BSE.

Buy Biocon with a target of Rs 240 and stop loss of Rs 210, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 219, down 1.37% on the BSE.

Buy DLF with a target of Rs 441-480 and stop loss of Rs 333, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 413, up 5.04% on the BSE.

Post the disappointing RIL results, JP Morgan reduces its target price to Rs 2200 and Credit Suisse cuts its down to Rs 1494, reports NDTV Profit. RIL is currently trading at Rs 1923, down 4.5% on the BSE.

Buy Tata Steel with a target of Rs 490 and stop loss of Rs 400, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 456, up 3.7% on the BSE.

Buy Jindal Steel with a target of Rs 3100 and stop loss of Rs 2600, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 3091, up 2.8% on the BSE.

Hold Gujarat Ambuja Export and exit at Rs 25, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 14, he adds. The stock is currently trading at Rs 20, up 2.7% on the BSE.

Buy Oracle Finance with a short-term target of Rs 1380, medium-term target of Rs 1450 and stop loss of Rs 1230, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 1340, up 0.38% on the BSE.

Hold GMR Infrastructure with target of Rs 180, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 142.65, up 0.9% on the BSE.

Buy Tech Mahindra with target of Rs 860, says Hitendra Vasudev, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 784, he adds. The stock is currently trading at Rs 787, down 1.1% on the BSE.

Hold Reliance Power with target of Rs 190-210, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 160, he adds. The stock is currently trading at Rs 173, up 0.2% on the BSE.

Sell RPL with target of Rs 110-113, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 120.40, down 4.1% on the BSE.

Hold Tata Motors with target of Rs 411, says Hemen Kapadia, technical analyst, on NDTV Profit. It has support at Rs 357 and resistance at Rs 380, he adds. The stock is currently trading at Rs 367.20, down 1.7% on the BSE.

Hold ICICI Bank with targets of Rs 800 and then 950, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 750, he adds. The stock is currently trading at Rs 758.80, down 1.1% on the BSE.

Buy Maruti with target of Rs 1500, says Ashwani Gujral, technical analyst, on CNBC TV18. It has support at Rs 1250, he adds. The stock is currently trading at Rs 1359.85, down 1.3% on the BSE.

Hold Videocon Industries with targets of Rs 190 and then 230, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 170, he adds. The stock is currently trading at Rs 182.95, down 1.7% on the BSE.

Hold Hanung Toys with target of Rs 90, says Pankaj Jain of Satguru Capital on Zee Business. Keep stop loss of Rs 63, he adds. It has resistance at Rs 83, he says. The stock is currently trading at Rs 74.25, up 1% on the BSE.

At noon, the market comes off the day's highs, slipping into the red. Sensex is trading at 15370, down 8 points from its previous close, and Nifty is at 4565, down 2 points. CNX Midcap index is up 1.2% and BSE Smallcap index is up 1.2%.

Buy Ashok Leyland with targets of Rs 38.50 and then 47, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 34.70, down 3.1% on the BSE.

Buy Monnet Ispat with target of Rs 300 in 3-6 months, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 240, he adds. The stock is currently trading at Rs 257, up 0.3% on the BSE.

Hold Jaiprakash Associates with short-to-medium target of Rs 270-300, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. Keep short-term stop loss of Rs 235 or long-term stop loss of Rs 214, he adds. The stock is currently trading at Rs 245.45, up 1.6% on the BSE.

Buy Gail with target of Rs 450 in four quarters, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 348, down 1.2% on the BSE.

The RIL (Reliance Industries) results are below estimates and a knee-jerk reaction is possible, says Raamdeo Agrawal of Motilal Oswal Securities on CNBC TV18. He believes that RIL is not likely to be a big outperformer for the next 2-3 quarters. Watch out for commodity plays, especially the cement companies, he adds. He expects no change in the Credit Policy tomorrow.

Buy Suzlon Energy with target of Rs 140, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 95, he adds. The stock is currently trading at Rs 105.70, up 2.2% on the BSE.

Hold Jaiprakash Associates with stop loss of Rs 228, says Prakash Gaba, technical analyst, on CNBC Awaaz. It is showing a good upmove, he adds. The stock is currently trading at Rs 246, up 1.9% on the BSE.

Hold Tata Motors with target of Rs 446, says Pankaj Jain of Satguru Capital on Zee Business. It has resistance at Rs 390, he adds. The stock is currently trading at Rs 369.10, down 1.2% on the BSE.

Hold Canara Bank with targets of Rs 290 and then 295, says Nitin Murarka of SMC Global on Zee Business. Keep short-term stop loss of Rs 260, he adds. The stock is currently trading at Rs 275.45, up 0.3% on the BSE.

Buy Tata Motors with targets of Rs 400 and then 450, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 367.20, down 1.7% on the BSE.

Buy Sesa Goa with target of Rs 270, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 218, he adds. The stock is currently trading at Rs 234.10, up 0.3% on the BSE.

Buy Tata Steel with target of Rs 465, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 453.10, up 3% on the BSE.

Buy Jaiprakash Associates with target of Rs 260, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 249.50, up 3.3% on the BSE.

Buy Escorts with intra-day target of Rs 70, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 62, he adds. The stock is currently trading at Rs 66.60, up 2% on the BSE.

Buy Balrampur Chini with intra-day target of Rs 115, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 105, he adds. The stock is currently trading at Rs 109.20, up 1.5% on the BSE.

Buy Ceat with intra-day target of Rs 135, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 127, he adds. The stock is currently trading at Rs 130.50, up 1% on the BSE.

Buy TCS at Rs 482 with intra-day target of Rs 491, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 475, she adds. The stock last traded at Rs 481.85, up 1.3% on the BSE.

Buy Emco with intra-day target of Rs 90, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 85, he adds. The stock last traded at Rs 86.50, down 1.8% on the BSE.

Buy Suzlon Energy at Rs 103 with intra-day target of Rs 108, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 100, she adds. The stock last traded at Rs 103.40, up 7.2% on the BSE.

RIL may see a 3-4% knee jerk reaction on disappointing results, says Deven Choksey of KR Choksey Securities on CNBC TV18. We have downgraded its FY10 EPS estimates by 4%, he adds. He believes that the market is likely to be range-bound with the upside capped around 4660 on the Nifty and says to watch out for bank stocks ahead of the Credit Policy tomorrow.

Buy Gail at Rs 353 with intra-day target of Rs 361, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 347, she adds. The stock last traded at Rs 352.20, up 1.9% on the BSE.

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