Monday, August 3, 2009

Brokerage Recommendations 24 July 2009

Brokerage Recommendations 24 July 2009

If one wants to invest Rs 1 lakh in the market now, spread out the portfolio and accumulate GAIL, HUL, PNB, BoB, NTPC and Alstom Projects, says Salil Kapoor of Kapoor & Sharma Company on Zee Business.

Buy Unitech with a target of Rs 100-120, says Alok Nanavati, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 87, up 3% on the BSE.

Buy Shree Cements with a target of Rs 1550, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1446, up 2.5% on the BSE.

Buy Kotak Mahindra Bank with a target of Rs 685 where one can exit, says Salil Kapoor of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 635, down 0.79% on the BSE.

Buy Sesa Goa with a target of Rs 275, says Alok Nanavati, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 233, down 0.41% on the BSE.

Buy Kesoram with a target of Rs 450, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 369, down 0.91% on the BSE.

Buy GAIL with a target of Rs 500 in 24 months, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 352, up 1.92% on the BSE.

Buy Unitech with a target of Rs 93 and stop loss of Rs 85, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Mahindra & Mahindra with a target of Rs 920 and stop loss of Rs 790, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Suzlon with a target of Rs 109 on Monday and stop loss of Rs 99, says Nitin Murarka of SMC Global Securities on Zee Business as closing market strategy.

Buy Axis Bank with a target of Rs 975 and then Rs 1000, says Alok Nanavati, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 892, up 0.2% on the BSE.

Buy Bank of Rajasthan with a target of Rs 68 and support at Rs 35, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 59, up 19.9% on the BSE.

Buy Mahindra Satyam with a target of Rs 120-122 where one can exit, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 104, up 0.8% on the BSE.

In an F&O call, buy Nifty July futures with a target of 4770 and stop loss of 4450, says Prasad Kushe, technical analyst, on CNBC Awaaz. This target is likely to be met by next week, he says. A cash closing of Nifty above 4557 and futures closing for Nifty above 4578 will mean it is headed higher, he says.

In an F&O call, buy Nifty July futures with a target of 5000 and stop loss of 4387, says Rakesh Bansal, technical analyst, on CNBC Awaaz.

In an F&O call, buy Nifty July futures with a target of 4700 and stop loss of 4350, says Hardik Jain, technical analyst, on CNBC Awaaz. Go long on every correction, he adds.

Buy Alston Projects with a target of Rs 525-565 and stop loss of Rs 505, says Salil Kapoor of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 523, up 0.66% on the BSE.

Buy Unitech with a target of Rs 90-108, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 87, up 3.7% on the BSE.

Hold DLF with a target of Rs 410-415 after which it can go to Rs 480 where one can exit, says Salil Kapoor of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 384, up 4.1% on the BSE.

Buy DLF with a target of Rs 390, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 384, up 4.1% on the BSE.

Traders can buy Ranbaxy on dips with target of Rs 296, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 279, up 2% on the BSE.

Buy Ranbaxy with a target of Rs 290 and stop loss of Rs 267, says Salil Kapoor of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 279, up 2% on the BSE.

Our market is in sync with global markets and will continue to move with them, says Anu Jain of India Infoline, on CNBC TV18. Nifty has support at 4510 and resistance at 4613 after which it will go higher, she adds. Nifty resistance zone is 4650-4710 where one will see profit booking but buying will emerge at dips too, she says.

Buy Sterlite Industries with a target of Rs 725, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 656, up 3.7% on the BSE.

Sell RIL on rally at Rs 2120-2376, says Ashu Baggri, technical analyst, on NDTV Profit. It is in a downtrend now, he adds. The stock is currently trading at Rs 2013, down 1.27% on the BSE.

Buy GAIL with a target of Rs 365 where one can book profits and stop loss of Rs 336, says Salil Kapoor of Kapoor & Sharma Company, on Zee Business. The stock is currently trading at Rs 351, up 1.87% on the BSE.

Buy Birla Corporation with a target of Rs 360, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 298, down 0.17% on the BSE.

Hold Binani Cement with a target of Rs 63 where one can exit and stop loss of Rs 55, says Hormuz Maloo, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 59, up 1.19% on the BSE.

Buy Welspun Gujarat with a target of Rs 245-269 and it has support at Rs 185, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 211, up 1.34% on the BSE.

Hold Satyam with target of Rs 150 in 12-18 months, says DD Sharma of Anand Rathi Securities on NDTV Profit. The stock is currently trading at Rs 106.45, up 2.3% on the BSE.

Book profits in Satyam at Rs 114 and buy again when it goes down to Rs 80, says Ashu Baggri, technical analyst, on NDTV Profit. The stock is currently trading at Rs 106.25, up 2.1% on the BSE. » Send to friends

12:50 PM - Hold HDIL with long-term targets of Rs 325 and then 350 plus, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. Buy more at Rs 220, he adds. The stock is currently trading at Rs 255.85, up 1.8% on the BSE. » Send to friends

12:44 PM - Hold Gitanjali Gems with stop loss of Rs 90, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 110 crossing which it can go to Rs 125, he adds. The stock is currently trading at Rs 100, up 1.1% on the BSE.

Hold Hindalco with target of Rs 108, says Ashu Baggri, technical analyst, on NDTV Profit. Keep stop loss of Rs 78, he adds. The stock is currently trading at Rs 92.80, up 2.3% on the BSE.

Hold RIL for 30-40% returns in 12-18 months, says P Phani Sekhar of Angel Broking on CNBC Awaaz. The stock is currently trading at Rs 1992.55, down 2.2% on the BSE.

The most reachable target for the markets would be about 4760 to 4700, says Sudarshan Sukhani, technical analyst, on CNBC TV18. According to him, markets were becoming fairly over-bought in the short term and so rallies should be used to take profits rather than enter.

Hold Shree Cements and exit at Rs 1550, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It is in overbought territory and on correction it can show very low levels, she adds. The stock is currently trading at Rs 1452.15, up 2.9% on the BSE.

Hold IDFC with short-term stop loss of Rs 125 and long-term stop loss of Rs 115, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 133 crossing which it can go to Rs 150, he adds. The stock is currently trading at Rs 131.55, up 0.6% on the BSE.

Hold Aban Offshore with short-to-medium target of Rs 1065, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. The stock is currently trading at Rs 975, up 0.9% on the BSE. » Send to friends

11:52 AM - Hold HCC with target of Rs 129 in 2-3 months, says Akshita Deshmukh, technical analyst, on CNBC Awaaz. It has support at Rs 105, she adds. The stock is currently trading at Rs 111.80, up 0.3% on the BSE.

China and India look like the strongest economies in the region both this year and the next, says Daniel McCormack of Macquarie Securities on CNBC TV18. There have been broad-based upward revisions to earnings in June, but at over 16x forward price to earnings, India is too expensive for us to be overweight currently, he adds.

Hold BHEL with long-term targets of Rs 2400-2500, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. The stock is currently trading at Rs 2203, up 1.6% on the BSE.

Hold Jaiprakash Associates with stop loss of Rs 222, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 235 crossing which it can go to Rs 255-260, he adds. The stock is currently trading at Rs 233.45, up 1.7% on the BSE.

Buy RIL only if it closes above Rs 2100, says Hardik Jain, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2033.70, down 0.2% on the BSE.

Hold ITC with targets of Rs 246 and then 265, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. Keep trailing stop loss of Rs 216-218, he adds. The stock is currently trading at Rs 225, down 2.2% on the BSE.

Hold GMR Infra with short-term stop loss of Rs 136 and long-term stop loss of Rs 115, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 148 crossing which it can go to Rs 170, he adds. The stock is currently trading at Rs 142.75, up 1.6% on the BSE.

Buy Mahindra & Mahindra with target of Rs 880, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 750, he adds. The stock is currently trading at Rs 822, up 2.5% on the BSE.

Buy DLF with long-term view, says Deepak Mohoni, technical analyst, on CNBC Awaaz. The downside volatility is less in this stock, he adds. The stock is currently trading at Rs 377, up 2% on the BSE.

Hold JSW Steel with stop loss of Rs 570, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 640 crossing which it can go to Rs 710, he adds. The stock is currently trading at Rs 630.40, up 1.7% on the BSE.

Buy ONGC on dips, says Gaurang Shah of Geojit BNP Paribas on CNBC Awaaz. The stock is currently trading at Rs 1080.90, down 1.1% on the BSE.

Nifty can go up to 4700 and so one should buy at lower levels, says Hardik Jain, technical analyst, on CNBC Awaaz. He sees support at 4350-4300.

Hold DLF with stop loss of Rs 355, says Ramesh Arora, technical analyst, on Zee Business. It has resistance at Rs 378 crossing which it can go to Rs 420, he adds. The stock is currently trading at Rs 376.70, up 1.9% on the BSE.

Buy Ispat with intra-day target of Rs 24.50, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 21, he adds. The stock is currently trading at Rs 22.25, up 0.7% on the BSE.

Buy JK Lakshmi Cement with intra-day target of Rs 138, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 122, he adds. The stock is currently trading at Rs 131.70, up 3.2% on the BSE.

Buy Essar Oil with intra-day target of Rs 146, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 135, he adds. The stock is currently trading at Rs 140.10, up 2% on the BSE.

The market opens on a good but quiet note, in the steps of positive global cues. Earlier, the US markets rallied to their best levels in months and the Dow and S&P 500 closed at their 2009 high. Asia is trading firm. Sensex is trading at 15338, up 113 points from its previous close, and Nifty is at 4558, up 34 points. CNX Midcap index is up 1.2% and BSE Smallcap index is up 1.1%. The market breadth is positive with advances at 575 against declines of 66 on the NSE.

Buy Aban Offshore at Rs 966 with intra-day target of Rs 1020, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 946, she adds. The stock last traded at Rs 966.15, up 8.2% on the BSE.

Buy Eveready Industries 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 last traded at Rs 42.15, up 17.9% on the BSE.

Buy Sterlite Industries at Rs 633 with intra-day target of Rs 649, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 620, she adds. The stock last traded at Rs 632.70, up 5.2% on the BSE.

Reliance is likely to surprise the street as I expect the company to report profits between Rs 4350-4375 crore in Q1, says Deven Choksey of KR Choksey Securities on CNBC TV18. He believes that the undertone in the market is positive on the back of strong global cues. I expect the Nifty range to shift above 4750 in the short-term, he adds.

Buy ACC at Rs 854 with intra-day target of Rs 876, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 840, she adds. The stock last traded at Rs 854.65, up 5.8% on the BSE.