Tuesday, August 4, 2009

Brokerage Recommenations 31 July 2009

Hold Ashok Leyland with short-term stop loss of Rs 33 and long-term stop loss of Rs 25, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 39.40 crossing which it can go to Rs 48-50, he adds. The stock last traded at Rs 36.50, up 0.3% on the BSE.
Buy Balrampur Chini and UltraTech Cement, says Hemang Jani of Sharekhan on CNBC Awaaz Both these stocks will perform well in the future, he adds.

Hold GMR Infrastructure with short-term target of Rs 158-165, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep stop loss of Rs 136, he adds. The stock last traded at Rs 142.60, down 1.1% on the BSE.

Hold TCS with short-term target of Rs 575, says Ashu Baggri, technical analyst, on NDTV Profit. It has support Rs 463, 524 and resistance at Rs 560, 575, he adds. The stock last traded at Rs 526.40, down 0.7% on the BSE.

Hold Gujarat NRE Coke with target of Rs 70-80, says Prasad Kushe, technical analyst, on CNBC Awaaz. It has resistance at Rs 62.50, he adds. The stock last traded at Rs 57.80, up 5.1% on the BSE.

Hold Balrampur Chini with target of Rs 125, says Ramesh Arora, technical analyst, on Zee Business. Keep trailing stop loss of Rs 112, he adds. The stock last traded at Rs 118.75, up 0.7% on the BSE.

The market is likely to consolidate with a negative bias, says Vibhav Kapoor of IL&FS on CNBC TV18. He sees the Nifty ranged between 4700-4200. Q1 results have been much better than expectations and valuations are rich, he adds. He thinks the focus will shift to global cues in the absence of any major domestic trigger in the near-term.

Buy Balrampur Chini with target of Rs 145-150, says Hemang Jani of Sharekhan on CNBC Awaaz. The stock last traded at Rs 118.75, up 0.7% on the BSE.

Buy HPCL with target of Rs 380, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 335, he adds. The stock last traded at Rs 348, down 3% on the BSE.

It was an amazing day for the Indian market which opened up on a positive note and, despite some volatility towards the latter part of the day, closed on a high. Sensex closed at 15694, up 306 points (provisional) and Nifty at 4649, up 77 points (provisional) from the previous close. CNX Midcap index was up 1.2% and BSE Smallcap index was up 0.1%. The market breadth was positive with advances at 667 against declines of 589 on the NSE.

Buy India Infoline with target of Rs 154-165 and stop loss of Rs 127, says Mitesh Thacker, technical analyst, on CNBC TV18, as market closing strategy. The stock is currently trading at Rs 136.80, up 4.2% on the BSE.

Hold on to Nifty longs with target of 4660 and stop loss of 4560, says Vijay Bhambwani, technical analyst, on CNBC TV18, as market closing strategy.

Hold PNB with target of Rs 725-730, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep strict stop loss of Rs 690, he adds. The stock is currently trading at Rs 691.30, down 1.9% on the BSE.

Buy Tata Tea with target of Rs 880, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 825, he adds. The stock is currently trading at Rs 846.25, up 2.9% on the BSE.

Buy Sterlite Industries with targets of Rs 680 and then 700, says Husseini Wadheria, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 625, he adds. The stock is currently trading at Rs 644, up 2.8% on the BSE.

Some minutes away from close, the market is unable to hold on to the gains of the morning. Sensex is trading at 15574, up 186 points from its previous close, and Nifty is at 4613, up 41 points. CNX Midcap index is up 0.7% and BSE Smallcap index is down 0.5%. The market breadth is now negative with advances at 618 against declines of 627 on the NSE.

Hold Uttam Galva with target of Rs 74-75, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 55, he adds. The stock is currently trading at Rs 58.60, down 1.4% on the BSE.

Buy Gail with target of Rs 354, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 320, he adds. The stock is currently trading at Rs 332, down 0.8% on the BSE.

F&O Call: Sell Nifty with today's target of 4550-4500 and stop loss of 4670, says Nishant Jain of Tradeswift on CNBC Awaaz.

F&O Call: Buy Nifty with target of 5000 in 1-2 months and stop loss of 4415, says Rakesh Bansal, technical analyst, on CNBC Awaaz. » Send to friends

F&O Call: Buy Nifty with target of 4700 above and stop loss of 4500, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.

F&O Call: Buy Nifty with today's target of 4660 and stop loss of 4560, says Vijay Bhambwani, technical analyst, on CNBC Awaaz.

Buy Balrampur Chini with targets of Rs 130 and then 142, says Husseini Wadheria, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 102, he adds. The stock is currently trading at Rs 118.40, up 0.4% on the BSE.

Buy Tata Steel on dips with target of Rs 540, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 440, he adds. The stock is currently trading at Rs 462.90, up 2.2% on the BSE.

Buy India Infoline with targets of Rs 145 and then 156, says Husseini Wadheria, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 122, he adds. The stock is currently trading at Rs 136.70, up 4.2% on the BSE.

Buy REC with target of Rs 225, says Hemant Thukral, technical analyst, on CNBC TV18. Keep stop loss of Rs 190-195, he adds. The stock is currently trading at Rs 204.25, up 1.1% on the BSE.

Buy Punj Lloyd on dips with target of Rs 290, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 215, he adds. The stock is currently trading at Rs 245.40, up 1% on the BSE.

Buy Canara Bank on dips with target of Rs 320, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 270, he adds. The stock is currently trading at Rs 285.95, up 2.4% on the BSE.

Buy Reliance Communications with targets of Rs 292 and then 305, says Husseini Wadheria, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 272, he adds. The stock is currently trading at Rs 282.70, up 0.4% on the BSE.

Buy Voltas on dips with target of Rs 165 plus, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 141.20, up 3% on the BSE.

Buy Opto Circuits on dips with target of Rs 200, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 170, he adds. The stock is currently trading at Rs 177, up 1% on the BSE.

Hold DLF with stop loss of Rs 374, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 412 crossing which it can go to Rs 442 and then 485, he adds. The stock is currently trading at Rs 401, down 0.3% on the BSE.

Buy GMR Infra with target of Rs 160-165, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 133, he adds. The stock is currently trading at Rs 143.25, down 0.6% on the BSE.

Hold Patni Computers with target of Rs 415-420, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep stop loss of Rs 325, he adds. It has resistance at Rs 385, he says. The stock is currently trading at Rs 355, up 8.3% on the BSE.

Buy ABB at Rs 666 with target of Rs 800, says Ashu Baggri, technical analyst, on NDTV Profit. Keep stop loss of Rs 599, he adds. The stock is currently trading at Rs 695.50, up 1.2% on the BSE.

Buy Nalco at Rs 290 with target of Rs 335, says Ashu Baggri, technical analyst, on NDTV Profit. Keep stop loss of Rs 269, he adds. The stock is currently trading at Rs 308, up 5% on the BSE.

Hold Suzlon Energy with targets of 150 and 175, says Prasad Kushe, technical analyst, on CNBC Awaaz. It has resistance at Rs 110, he adds. The stock is currently trading at Rs 102.75, up 3.6% on the BSE.

Hold Unitech with target of Rs 117, says Ashu Baggri, technical analyst, on NDTV Profit. Keep stop loss of Rs 78, he adds. The stock is currently trading at Rs 92.10, up 0.2% on the BSE.

Hold Sun Pharma with target of Rs 1200, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep stop loss of Rs 1125, he adds. The stock is currently trading at Rs 1172.50, up 2.4% on the BSE.

Buy Mercator Lines above Rs 65 with target of Rs 75-85, says Mitesh Thacker, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 59.40, up 0.8% on the BSE.

Buy Sterlite Industries with target of Rs 700, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 598, he adds. The stock is currently trading at Rs 650.25, up 3.8% on the BSE.

Hold Suzlon Energy with stop loss of Rs 96, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 105 crossing which it can go to Rs 112-125 at which exit, he adds. Buy again at Rs 80-82, he says. The stock is currently trading at Rs 101.30, up 2.1% on the BSE.

Hold RNRL with target of Rs 108, says Ashu Baggri, technical analyst, on NDTV Profit. Keep stop loss of Rs 70, he adds. The stock is currently trading at Rs 84.35, down 0.8% on the BSE.

Hold Reliance Capital with targets of Rs 1070 and then 1300 by August 20, says Prasad Kushe, technical analyst, on CNBC Awaaz. It has support at Rs 805 and 780, he adds. The stock is currently trading at Rs 887.45, up 3% on the BSE.

Buy Indiabulls Real Estate with target of Rs 280-290, says Hardik Jain, technical analyst, on CNBC Awaaz. It has support at Rs 220, he adds. The stock is currently trading at Rs 248.80, down 0.1% on the BSE.

Hold NIIT with target of Rs 68-70, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep stop loss of Rs 58, he adds. The stock is currently trading at Rs 61.10, up 1.6% on the BSE. »

Buy Neyveli Lignite with target of Rs 170-180 in one month, says Prasad Kushe, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 122, he adds. The stock is currently trading at Rs 134.80, up 3% on the BSE.

The earnings have been good and upgrades will start happening from next week, says Ratnesh Kumar of Anand Rathi Financial Services on CNBC TV18. He believes that the attention will now shift to the monsoon shortfall. The immediate challenge is to break the 4400-4700 range on the Nifty, he adds.

Buy DLF with targets of Rs 430 and then 480, says Hardik Jain, technical analyst, on CNBC Awaaz. It has strong support at Rs 350, he adds. The stock is currently trading at Rs 408.10, up 1.5% on the BSE.

Hold Punj Lloyd with short-term target of Rs 258-272, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep stop loss of Rs 236, he adds. But he advises holding for long term for better gains. The stock is currently trading at Rs 249, up 2.5% on the BSE.

Hold Nagarjuna Fertilisers with stop loss of Rs 29, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 42 crossing which it can go to Rs 60, he adds. The stock is currently trading at Rs 35.95, up 2.6% on the BSE.

An hour into opening, the market is rallying to new highs with Sensex touching new heights of this year. It is trading at 15727, up 339 points from its previous close, and Nifty is at 4667, up 96 points. CNX Midcap index is up 2% and BSE Smallcap index is up 1.7%. The market breadth is positive with advances at 981 against declines of 201 on the NSE.

Buy India Infoline at current levels or on dips with short-term target of Rs 165, says Mitesh Thacker, technical analyst, on CNBC Awaaz. It has resistance at Rs 144, he adds. The stock is currently trading at Rs 141.25, up 7.6% on the BSE.

Hold JK Tyre and exit when it goes to Rs 96-102, says Gaurang Shah of Geojit BNP Paribas on Zee Business. Keep strict stop loss of Rs 84, he adds. The stock is currently trading at Rs 89.55, down 1.2% on the BSE.

Buy PTC India with stop loss of Rs 87, says VK Sharma of Anagram Stock Broking on CNBC TV18. The stock is currently trading at Rs 92.50, up 4.3% on the BSE.

Buy Tata Motors at Rs 350-360 with targets of Rs 450 and then 520, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 414, up 4.7% on the BSE.

Buy Suzlon Energy only if it crosses Rs 105, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 102.35, up 3.2% on the BSE.

Buy Taj GVK with target of Rs 180, says Mitesh Thacker, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 130.75, up 7.2% on the BSE.

Buy Tata Motors with target of Rs 500-550, says Ramesh Arora, technical analyst, on Zee Business. Keep stop loss of Rs 380, he adds. The stock is currently trading at Rs 411.25, up 4% on the BSE.

Buy Lanco Infra with target of Rs 460-470 in the near term, says Hardik Jain, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 375, he adds. The stock is currently trading at Rs 419, down 0.7% on the BSE.

Buy Tech Mahindra with stop loss of Rs 820, says VK Sharma of Anagram Stock Broking on CNBC TV18. The stock is currently trading at Rs 863.50, up 1.7% on the BSE.

On the first day of the August series, the market makes a good gap-up, promising start. Earlier, the US markets closed on a positive note while Asia is trading firm. Sensex is trading at 15638, up 250 points from its previous close, and Nifty is at 4642, up 70 points. CNX Midcap index is up 1.4% and BSE Smallcap index is up 1.3%. The market breadth is positive with advances at 660 against declines of 64 on the NSE.

Buy Axis Bank at Rs 920 with target of Rs 941, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 907, she adds. The stock last traded at Rs 917.50, down 0.2% on the BSE.

Buy HUL at Rs 281 with target of Rs 286, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 277, she adds. The stock last traded at Rs 281.85, up 5.2% on the BSE.

Sell Educomp with intra-day target of Rs 4030, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 4090, he adds. The stock last traded at Rs 4064.75, down 2.9% on the BSE.

Buy ACC at Rs 876 with target of Rs 890, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 865, she adds. The stock last traded at Rs 874.30, up 2.1% on the BSE.