Monday, August 3, 2009

Brokerage Recommendations 21 July 2009

Brokerage Recommendations 21 July 2009

Buy Sesa Goa around Rs 210 with a short-term target of Rs 235, medium-term target of Rs 250 and stop loss of Rs 200, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 232, down 1.65% on the BSE.

Buy Tata Steel with a target of Rs 420 and stop loss of Rs 393, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 411, up 5.28% on the BSE. The company successfully closed a GDR issue of $500 million today, reports CNBC Tv18.

Hold Gujarat NRE Coke with short-term target of Rs 61, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 46, he adds. The stock is currently trading at Rs 50, down 5.06% on the BSE.

Buy Tech Mahindra around Rs 770 with a short-term target of Rs 850, medium-term target of Rs 950 and stop loss of Rs 710, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 811, up 1.07% on the BSE.

Buy Voltas with a target of 150 and stop loss of 138, says Nitin Murarka of SMC Global on Zee Business, as closing market strategy.

Buy Tata Steel with a target of 425 and stop loss of 400, says an expert from Trade Swift Broking, on CNBC Awaaz, as closing market strategy.

Buy PFC around Rs 210 with a short-term target of Rs 230, medium-term target of Rs 240 and stop loss of Rs 200, says Rajesh Jain of SMC Global Securities on Zee Business. The stock is currently trading at Rs 224, up 1.7% on the BSE.

In an F&O call, sell Nifty July futures with a target of 4360 and stop loss of 4530, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.

In an F&O call, buy Nifty July futures with a target of 4550 and stop loss of 4430, says Nishant Jain, technical analyst, on CNBC Awaaz.

In an F&O call, sell Nifty July futures with a target of 4400 and stop loss of 4550, says Ashwani Gujral, technical analyst, on CNBC Awaaz.

In an F&O call, sell Nifty July futures with a target of 4400 and stop loss of 4520, says Neera Jain of crnindian.com, on CNBC Awaaz. The market is likely to cool off and correct in the short term, she says.

Hold Sterlite Industries with target of Rs 720-730, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 570, he adds. It has resistance at Rs 635, he says. The stock is currently trading at Rs 594, down 2.61% on the BSE.

Buy BEL with a target of Rs 1600 and stop loss of Rs 1400, says Neera Jain of crnindian.com, on CNBC Awaaz. The stock is currently trading at Rs 1526, up 0.61% on the BSE.

Hold RIL with a target of Rs 2130 and stop loss of Rs 1950, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 2032, up 0.08% on the BSE. » Send to friends

buy Rolta with a target of Rs 165-160, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 138, up 0.77% on the BSE.

Buy Indiabulls Real Estate with a target of Rs 250-280, says Mitesh Thakkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 224, down 1.95% on the BSE.

Buy Patni Computers with a target of Rs 335-340, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 284, down 2.8% on the BSE.

Sell DLF with a target of Rs 345 and stop loss of Rs 355, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 343, down 2.04% on the BSE.

Buy Unitech with a target of Rs 92 and stop loss of Rs 74, says Salil Sharma of Kapoor & Sharma Company on CNBC Awaaz. The stock is currently trading at Rs 82, up 0.12% on the BSE.

Buy Wipro with a target of Rs 540, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 463, up 0.82% on the BSE.

Hold Core Projects with a stop loss of Rs 96, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 110, down 5.8% on the BSE.

Hold Micro Tech with stop loss of Rs 107, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has resistance at Rs 135, he adds. The stock is currently trading at Rs 119, down 0.50% on the BSE.

Hold IFCI with a target of Rs 53-58 where one can exit, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 50, up 0.9% on the BSE.

Buy Mphasis with a target of Rs 460, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 416, up 0.71% on the BSE.

Hold GVK Power with target of Rs 50, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It has support at Rs 36, he adds. The stock is currently trading at Rs 43.25, down 0.9% on the BSE.

Hold Financial Technologies with short-term target of Rs 1640 and long-term target of Rs 2000-2200, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 1370, he adds. It has resistance at Rs 1520, he says. The stock is currently trading at Rs 1420.05, up 2.3% on the BSE.

Buy YES Bank for short-to-medium target of Rs 180-185, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. It has support at Rs 120, he adds. The stock is currently trading at Rs 158.75, up 3.4% on the BSE.

Hold Dr Reddy's with target of Rs 850-875, says Prasad Kushe, technical analyst, on NDTV Profit. Keep trailing stop loss of Rs 690, he adds. Buy again on dips at Rs 650-700 a month later, he says. The stock is currently trading at Rs 791.75, up 0.1% on the BSE.

Hold Satyam with target of Rs 150, says MB Singh, technical analyst, on Zee Business. It is in a positive uptrend now and has resistance at Rs 114, he adds. The stock is currently trading at Rs 94.30, down 2.9% on the BSE.

Hold Kingfisher Airlines with target of Rs 89, says Prasad Kushe, technical analyst, on NDTV Profit. Keep stop loss of Rs 34, he adds. The stock is currently trading at Rs 48.90, down 4% on the BSE. » Send to friends


Buy Wipro on dips with target of Rs 525-550 in six months, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 440, he adds. The stock is currently trading at Rs 463.25, up 0.5% on the BSE.

At noon the market is trading near the day's low. Sensex is trading at 15035, down 156 points from its previous close, and Nifty is at 4462, down 39 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.2%. The market breadth is negative with advances at 565 against declines of 622 on the NSE.

Buy IndusInd Bank on dips with target of Rs 115, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 92.80, down 2.1% on the BSE.

Buy IndusInd Bank at current levels with target of Rs 120-130, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 89, he adds. The stock is currently trading at Rs 92.60, down 2.3% on the BSE.

Buy Axis Bank at around Rs 780-810 with target of Rs 1100-1150, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 890.40, up 0.5% on the BSE.

Buy ICICI Bank at Rs 700 with long-term targets of Rs 810 and then 950, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 670, he adds. The stock is currently trading at Rs 776.50, down 1.4% on the BSE.

Hold GMR Infra with target of Rs 163, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 117, he adds. It has resistance at Rs 148, he says. The stock is currently trading at Rs 138.50, down 1.6% on the BSE.

Buy Unitech at Rs 85 with target of Rs 120, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 75, he adds. The stock is currently trading at Rs 81.20, down 1.3% on the BSE.

Hold Gujarat NRE Coke and exit at Rs 62, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is looking weak on the charts, he adds. The stock is currently trading at Rs 51.75, down 3% on the BSE.

Hold Welspun Gujarat with target of Rs 350 in one year, says MB Singh, technical analyst, on Zee Business. Keep stop loss below Rs 170 in the short term, he adds. It has resistance at Rs 217, he says. The stock is currently trading at Rs 195, down 1.1% on the BSE.

Buy Sesa Goa with target of Rs 275-280, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is looking good on the charts, he adds. The stock is currently trading at Rs 234.50, down 0.9% on the BSE.

Buy Pantaloon Retail with intra-day target of Rs 288, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 276, he adds. The stock is currently trading at Rs 278, down 0.2% on the BSE.

Buy BEL July Futures with target of Rs 1600, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 1390, he adds. The stock is currently trading at Rs 1520, up 0.2% on the BSE. » Send to friends


Buy Jindal Steel and Power July Futures with target of Rs 3100, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 2600, he adds. The stock is currently trading at Rs 2746, up 3% on the BSE.

Buy Alstom Projects with target of Rs 530, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 512, he adds. The stock is currently trading at Rs 524, up 1.6% on the BSE. » Send to friends


Buy Voltas July Futures with target of Rs 155, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 125, he adds. The stock is currently trading at Rs 134, up 1.6% on the BSE.

Sell Tata Steel with intra-day target of Rs 375, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 396, he adds. The stock is currently trading at Rs 381.40, down 2.5% on the BSE.

Sell Suzlon Energy with intra-day target of Rs 89, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 96, he adds. The stock is currently trading at Rs 92.05, down 2.3% on the BSE.

Buy Aban Offshore at Rs 927 with intra-day target of Rs 975, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 900, she adds. The stock is at Rs 928.50, up 8.4% on the BSE.

Sell REI Agro with intra-day target of Rs 62, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 68.50, he adds. The stock is at Rs 67.25, up 4.9% on the BSE.

Buy Satyam at Rs 97 with intra-day target of Rs 101, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 95.50, she adds. The stock is at Rs 97.15, up 9% on the BSE.

Buy Cairn India at Rs 246 with intra-day target of Rs 252, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 242, she adds. The stock is at Rs 246.30, up 6.1% on the BSE.