Tuesday, August 4, 2009

Brokerage Recommendations 28 July 2009

Brokerage Recommendations 28 July 2009

Buy Sesa Goa with a target of Rs 255 and stop loss of Rs 234, says an expert of Trade Swift Broking, on CNBC Awaaz. The stock is currently trading at Rs 245, up 7.6% on the BSE.

Sell PFC with a target of Rs 235 and stop loss of Rs 220, says an expert of Bonanza Portfolio, on Zee Business. The stock is currently trading at Rs 225, up 3.4% on the BSE.

Sell Nifty with target of 4400 and stop loss of 4620, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

Buy Nagarjuna Constructions with a target of Rs 180 and stop loss of Rs 140, says Nitin Murarka, technical analyst, on Zee Business, as closing market strategy.

Sell Lanco Infratech with a target of Rs 410 and stop loss of Rs 440, says Trade Swift Broking, on CNBC Awaaz, as closing market strategy.

Buy Sesa Goa with a target of Rs 280 and stop loss of Rs 230, says Ashwani Gujral, technical analyst, on CNBC Awaaz, as closing market strategy.

Hold Suzlon with a target of Rs 116, says Salil Kapoor, technical analyst, on Zee Business. The stock is currently trading at Rs 107, up 0.56% on the BSE.

Buy Punj Lloyd with a target of Rs 270, says Rajat Bose, technical analyst, on CNBC TV18. The stock is currently trading at Rs 240, down 1.38% on the BSE.

RIL has dishonoured the gas supply contract and shown dishonourable conduct, says Anil Ambani chairman, ADAG Group, at the RNRL AGM, reports NDTV Profit. The oil ministry's performance is biased towards RIL, he says. RIL's stand hurting both NTPC and RNRL, he adds. RNRL is currently trading at Rs 83, up 2.5% on the BSE.

Buy Suzlon with a target of Rs 120-125 with a stop loss of Rs 99, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 108, up 2.21% on the BSE.

Hold Praj Industries with a target of Rs 103 and stop loss of Rs 71, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 92, up 4.8% on the BSE.

Hold IRB Infrastructure with a target of Rs 197-222 and stop loss of Rs 176, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 193, down 0.39% on the BSE.

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 220, up 5.36% on the BSE.

Hold MTNL with a target of Rs 109-121 and stop loss of Rs 95, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 106, up 0.33% on the BSE.

Buy Tata Steel with a target of Rs 469-472 and then it can go to Rs 500 with a stop loss of Rs 445, says Rahul Mohindar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 463, up 1.24% on the BSE.

Credit Suisse maintains outperform on Glenmark Pharma, raises target price by 11.5% to Rs 290, reports NDTV Profit. The stock is currently trading at Rs 258, down 2.27% on the BSE.

The market has recovered and in now trading firmly. Sensex is trading at 15456, up 81 points and Nifty is at 4597, up 25 points from the previous close. CNX Midcap index is up 1.30% and BSE Smallcap index is up 2.19%. The market breadth is positive with advances at 912 against declines of 313 on the BSE.

Hold RIL with a target of Rs 2020 and then it can go to Rs 2120-2140, says Mitesh Thakkar, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1910, down 1.45% on the BSE.

Hold Fortis Healthcare with a target of Rs 111-120 and stop loss of Rs 84, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 102, down 0.68% on the BSE.

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 461, up 0.92% on the BSE.

Hold Purvankara Projects with a target of Rs 106-123 and stop loss of Rs 80, says Hemen Kapadia, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 101, up 2.2% on the BSE.

Buy Great Offshore with a target of Rs 455 and stop loss of Rs 420, says Neera Jain of crnindia.com on CNBC Awaaz. The stock is currently trading at Rs 441, up 1.37% on the BSE.

Hold Voltas with target of Rs 160-165, 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 140.65, down 0.04% on the BSE.

Hold Unitech with target of Rs 100, says Simi Bhaumik, technical analyst, on Zee Business. Keep trailing stop loss below Rs 85, she adds. The stock is currently trading at Rs 93, up 5.7% on the BSE.

Buy JSW Steel on dips, says Sudarshan Sukhani, technical analyst, on CNBC TV18. It is a stock you can add to your portfolio because it is excellent on the charts, he adds. The stock is currently trading at Rs 688, up 0.6% on the BSE.

Buy Nagarjuna Constructions at current levels with target of Rs 160, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 128, he adds. The stock is currently trading at Rs 143.30, up 1.9% on the BSE.

Hold Gujarat NRE Coke with target of Rs 72, says Simi Bhaumik, technical analyst, on Zee Business. Keep trailing stop loss Rs 55, she adds. The stock is currently trading at Rs 59.55, up 0.4% on the BSE.

Buy Maruti at Rs 1200-1250 with target of Rs 1550-1600, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1359, down 0.8% on the BSE.

Hold Gitanjali Gems with target of Rs 140-145, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 90, he adds. The stock is currently trading at Rs 106.10, up 2.5% on the BSE.

Buy an August Call on ITC and hold on to it, says Sudarshan Sukhani, technical analyst, on CNBC TV18. It could become a Nifty heavyweight again, he adds. The stock is currently trading at Rs 236.25, down 1% on the BSE.

Buy YES Bank with target of Rs 180, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 150, he adds. The stock is currently trading at Rs 164, up 1.5% on the BSE.

Buy sugar stocks on dips, says Sudarshan Sukhani, technical analyst, on CNBC TV18. Shree Renuka Sugar is touching all-time highs so that is certainly the leader in this pack, he adds. The stock is currently trading at Rs 154.10, up 0.4% on the BSE.

Buy PFC at current levels with target of Rs 240, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 205, he adds. The stock is currently trading at Rs 219.60, up 0.7% on the BSE.

Credit Policy: RBI says it will respond to inflation changes via policy adjustments and adds that banks have cut rates and there is scope to cut further, reports CNBC TV18.

Hold Sterlite Industries with target of Rs 720, says Simi Bhaumik, technical analyst, on Zee Business. Keep trailing stop loss of Rs 640, she adds. The stock is currently trading at Rs 650.50, down 0.3% on the BSE.

Credit Policy: RBI ups inflation projection to 5% from 4%, reports CNBC TV18. M3 target has been raised to 18% versus the earlier figure of 17%, it adds.

Credit Policy: The RBI leaves CRR, Repo Rate and Reverse Repo Rate unchanged, reports CNBC TV18.

Book partial profits in HUL and hold the rest with target of Rs 325, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss below Rs 280, he adds. The stock is currently trading at Rs 300, up 0.4% on the BSE.

Buy Rolta India at current levels with target of Rs 170, says Rajesh Jain of SMC Global Securities on Zee Business. Keep stop loss of Rs 120, he adds. The stock is currently trading at Rs 137.80, up 0.9% on the BSE.

Hold NTPC with target of Rs 230, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss below Rs 208, she adds. The stock is currently trading at Rs 216.20, up 0.8% on the BSE.

Sell EIH with intra-day target of Rs 110, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 119, he adds. The stock is currently trading at Rs 114.30, down 2.4% on the BSE.

Buy Bharti Airtel with stop loss of Rs 400, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. It will give good gains, he adds. The stock is currently trading at Rs 423.90, up 0.1% on the BSE.

Hold GVK Power with targets of Rs 48-50 and then 56, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss below Rs 40, she adds. The stock is currently trading at Rs 44.80, up 0.8% on the BSE.

Buy PSL with intra-day target of Rs 130, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 118, he adds. The stock is currently trading at Rs 124.45, up 3.8% on the BSE.

Buy Shree Cements with target of Rs 1695, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep stop loss of Rs 1365, he adds. The stock is currently trading at Rs 1560, up 1.3% on the BSE.

Buy Godrej Industries with intra-day target of Rs 160, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 150, he adds. The stock is currently trading at Rs 155, up 1.3% on the BSE.

Sell Ashok Leyland with intra-day target of Rs 33, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 36, he adds. The stock last traded at Rs 34.95, down 2.4% on the BSE.

Sell Ranbaxy Futures at Rs 275 with intra-day target of Rs 267, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 279, he adds. The stock last traded at Rs 273.95, down 2% on the BSE.

Buy JK Paper with intra-day target of Rs 34.50, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 29.75, he adds. The stock last traded at Rs 31.55, up 7.9% on the BSE.

Nifty has strong resistance at 4600-4620, says Ashwani Gujral, technical analyst, on CNBC TV18. He advises going short on the Nifty till about 4450 levels.

Buy 4500 Nifty Call Option at Rs 95 Premium with target of Rs 115, says Hemen Kapadia, technical analyst, on CNBC TV18. Keep stop loss of Rs 85, he adds.

Nifty is trading in a range of 4400-4600 and has strong resistance at 4600, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Once we cross 4650 then we could see a good rally, he adds. He feels that the market is waiting for a positive trigger in order to move ahead and today's Credit Policy could be it.