Monday, August 3, 2009

Brokerage Recommendations 23 July 2009

Brokerage Recommendations 23 July 2009

Buy Jindal Steel with a target of Rs 2950-3200, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2925, up 4.9% on the BSE.

Buy IDBI with a target of Rs 140 and stop loss of Rs 90, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The stock is currently trading at Rs 103, up 2.9% on the BSE.

Buy ACC with a target of Rs 975, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 854, up 5.8% on the BSE.

Buy Kesoram Industries with a target of Rs 415-455, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 372, up 3.5% on the BSE.

It was an excellent day of trade and the market closed above crucial levels - above 15000 for Sensex and 4500 for Nifty. Sensex closed at 15247, up 404 points (provisional) and Nifty at 4528, up 129 points (provisional) from the previous close. CNX Midcap index was up 1.60% and BSE Smallcap index was up 2.20%. The market breadth was positive with advances at 946 against declines of 279 on the NSE.

Buy Maruti Suzuki with a target of Rs 1340 and stop loss of Rs 1260, says an analyst of Bonanza, on Zee Business, as closing market strategy.

Buy Praj Industries with a target of Rs 90 and stop loss of Rs 83, says Sudarshan Sukhani, technical analyst, on CNBC TV18, as closing market strategy.

Buy Sterlite Industries with a target of Rs 720 and stop loss of Rs 580, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

Buy HUL with a target of Rs 290 and stop loss of Rs 269, says Tejas Nandu, technical analyst, on Zee Business, as closing market strategy.

Buy Reliance Infrastructure with a target of Rs 1220 and stop loss of Rs 1150, says an analyst of Trade Swift Broking, on CNBC Awaaz, as closing market strategy.

Hold Nifty long positions target of 4650 and stop loss of 4450, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

Nifty has resistance at 4500 and strong support at 4200, says Hormuz Maloo of Geojit BNP Paribas, on CNBC Awaaz. Nifty has formed a base at 3900 for the long term and once it takes out 4500 it is headed for 4700, he adds.

In an F&O call, sell Nifty July futures with a target of 4300 and stop loss of 4520, says Prakash Gaba, technical analyst, on CNBC Awaaz. The market is likely to move sideways for some time, before it clearly breaks out above 4560, he says.

In an F&O call, buy Nifty July futures with a target of 4600 (book part profits)-4700 and stop loss of 4380, says Neera Jain, technical analyst, on CNBC Awaaz. The overall market is bullish, buy on every dip around Nifty 4400, she says.

In an F&O call, buy Nifty July futures with a target of 4570-4680 and stop loss of 4380, says Akshata Deshmukh, technical analyst, on CNBC Awaaz. This is a buy on dips market, she says.

In an F&O call, buy Nifty July futures with a target of 4547 and stop loss of 4450, says Amarjit Singh, technical analyst, on CNBC Awaaz. The short-term trend is up and momentum is good, market could rally in next 2-3 sessions to 4700, he says.

Buy Seamec with a target of Rs 220-240 and stop loss of Rs 145, says Hardik Jain of ISJ Securities, on CNBC Awaaz. The stock is currently trading at Rs 171, up 5.9% on the BSE.

Buy Biocon with a target of Rs 220, then it will move higher and stop loss of Rs 207, says Hormuz Maloo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 219, up 3% on the BSE.

Buy Glenmark Pharma on dips around Rs 230 with a target of Rs 270 and once that is crossed it can go to Rs 300, says Anil Maghnani, technical analyst, on Zee Business. The stock is currently trading at Rs 264, up 5.31% on the BSE.

Buy Sterlite Industries with a target of Rs 700 and stop loss of Rs 580, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 637, up 5.9% on the BSE.

Buy BEL with a target of Rs 1530-1600, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1398, down 1.7% on the BSE.

Buy HDFC with a target of Rs 2500 and stop loss of Rs 2340, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2418, up 0.19% on the BSE.

BHEL has booked orders worth Rs 12,800 crore and revised its order book inflow to a total of Rs 55,000 crore, says K Ravi Kumar, CMD of the company, on NDTV Profit. The company expects profit growth of 30% in FY10, he adds. The stock is currently trading at Rs 2169, up 1.09% on the BSE.

Buy Voltas around Rs 139 with a short-term target of Rs 155, medium-term target of Rs 160 and stop loss of Rs 120, says Simi Bhaumik, technical analyst, on Zee Business. The stock is currently trading at Rs 137, up 1.33% on the BSE.

Siemens bags two orders worth Rs 109 crore from Power Grid, reports NDTV Profit. The stock is currently trading at Rs 469, up 1.45% on the BSE.

Buy Indiabulls Real Estate with a target of Rs 250 and stop loss of Rs 221, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 228, up 2.84% on the BSE.Indiabulls Real Estate

Asian markets end quiet while European markets opened soft. Our market is looking good. Sensex is trading at 15093, up 250 points and Nifty is at 4480, up 81 points from the previous close. CNX Midcap index is up 0.91% and BSE Smallcap index is up 1.61%. The market breadth is positive with advances at 895 against declines of 330 on the NSE.

Sell Suzlon with a target of Rs 81 and stop loss of Rs 93.50, says Amarjeet Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 92, up 1.92% on the BSE.

Hold Bharti Airtel with target of Rs 1000-1100, says Hormuz Maloo, technical analyst with Geojit Financial Services, on NDTV Profit. It has support at Rs 750, he adds. The stock is currently trading at Rs 809.55, down 1.6% on the BSE.

Buy Bharti Airtel at Rs 750 with target of Rs 865, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 808.15, down 1.8% on the BSE.

Book profits in Maruti and re-enter on 15% correction in stock price, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The stock is currently trading at Rs 1234, up 1.4% on the BSE.

Hold JP Hydro with stop loss below Rs 70, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 85 crossing which it can go to Rs 95-100, she adds. The stock is currently trading at Rs 81.20, up 2% on the BSE.

Hold ONGC with target of Rs 1150, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1093.90, up 0.1% on the BSE.

Exit MindTree which has broken its support level of Rs 490, says PK Agarwal of Purpleline Investment on Zee Business. The stock is currently trading at Rs 458, down 3% on the BSE.

WPI for all commodities is up 0.1% at 236.7(WoW), reports NDTV Profit. Primary Articles Index is up 0.7%, Manufactured Products Index is down 0.1% and Fuel Group prices are up 0.1%(WoW), it adds. » Send to friends


The inflation figure for week ended July 11 has been announced at -1.17% versus the earlier figure of -1.21% for week ended July 4, reports NDTV Profit.

Hold Videocon Industries with stop loss of Rs 150, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 180 crossing which it can go to Rs 195-200, she adds. The stock is currently trading at Rs 171.40, up 1.3% on the BSE.

Buy Sterlite Industries with target of Rs 700, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 580, he adds. The stock is currently trading at Rs 629.75, up 4.7% on the BSE.

Book profits in ITC at Rs 234, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 225, up 3.3% on the BSE.

Buy Siemens only if it crosses Rs 500 level, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz. After crossing this it will make new highs, he adds. The stock is currently trading at Rs 473, up 2.3% on the BSE.

Hold Aban Offshore with stop loss of Rs 836, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 950 crossing which it can go to Rs 1150, she adds. The stock is currently trading at Rs 930.20, up 4.2% on the BSE.

Hold Reliance Capital with stop loss of Rs 800, says PK Agarwal of Purpleline Investment on Zee Business. It is trading in a range of Rs 800-1000, he adds. The stock is currently trading at Rs 885, up 2% on the BSE.

Hold Satyam with target of Rs 115, says Ashwani Gujral, technical analyst, on CNBC Awaaz. It is in a long-term uptrend now, he adds. The stock is currently trading at Rs 95.10, up 4.3% on the BSE.

Hold India Cements with stop loss below Rs 125, says Simi Bhaumik, technical analyst, on Zee Business. It has resistance at Rs 155 crossing which it can go to Rs 180, she adds. The stock is currently trading at Rs 139.40, up 0.1% on the BSE.

Buy GSPL both for short and long-term term investment, says VK Sharma of Anagram Stock Broking on CNBC TV18. The stock is currently trading at Rs 63.60, up 3.9% on the BSE.

Hold Deccan Chronicle with target of Rs 120, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has resistance at Rs 95 and support at Rs 80, he adds. The stock is currently trading at Rs 88.40, down 1.6% on the BSE.

Hold Moser Baer with target of Rs 100, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 85, up 4.2% on the BSE.

Hold Punj Lloyd with targets of Rs 260 and then 290, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 220, she adds. The stock is currently trading at Rs 247.05, up 3.3% on the BSE.

Buy HCL Technologies with target of Rs 236, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 206, he adds. The stock is currently trading at Rs 224.45, up 3.4% on the BSE.

Buy FDC with intra-day target of Rs 46, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 41, he adds. The stock is currently trading at Rs 43.30, up 3.6% on the BSE.

Buy Indiabulls Securities with intra-day target of Rs 46, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 41.50, he adds.

Sell LIC Housing Finance at Rs 592 with target of Rs 578, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 603, she adds.

Sell Cairn India at Rs 237 with target of Rs 230, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 241, she adds.