Tuesday, August 4, 2009

Brokerage Recommendations 29 July 2009

Brokerage Recommendations 29 July 2009 Hold BHEL if it breaks out of Rs 2290 then it is headed higher with a target price of Rs 2600, says Niting Murarka of SMC Global Securities on Zee Business. The stock's long-term chart is bullish, he says. It is currently trading at Rs 2225, down 1.65% on the BSE. Our market has outperformed its global peers and the earnings season has shown a positive surprise, says Amit Dalal of Amit Nalin Securities on CNBC TV18. But after the sharp run up, global markets are headed for a correction and we too shall move in line before heading higher, he feels. It's a tough time for the market so the best strategy is to wait and watch for now, says Sudarshan Sukhani, technical analyst, on CNBC TV18. If Nifty breaks above 4600 then the market will rally, if it breaks below 4500, the market is headed lower, he says. Looking at global cues, chances are we are headed for a correction, he adds. Buy Rolta with a target of Rs 158 and stop loss of Rs 141, says Tejas Nandy, technical analyst, on Zee Business, as closing market strategy. Buy Nifty with a target of 4620 and stop loss of 4480, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy. Buy Mphasis July futures with a target of Rs 460 and then more, keep a stop loss of Rs 408, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 436, up 1.28% on the BSE. Hold Cairn India with target of Rs 265-275, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of Rs 210, he adds. The stock is currently trading at Rs 234, down 2.5% on the BSE. Buy Suzlon July futures with a target of Rs 114-120 and stop loss of Rs 95, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 101, down 4.8% on the BSE. Nifty has strong support at 4340 and till that is not broken the uptrend is intact, says Anil Maghnani, technical analyst, on Zee Business. Some stocks has run up and are now seeing profit booking, but this is a buy on dips market, he adds. In an F&O call, buy Nifty July futures with a target of 4650 and stop loss of 4480, says Rahul Mohindar, technical analyst, on CNBC Awaaz. If Nifty breaks 4530 then one can go long and that looks possible in the next 3 to 5 days, he says. In an F&O call, sell Nifty July futures with a target of 4440 and stop loss of 4585, says Prakash Gaba, technical analyst, on CNBC Awaaz. Nifty needs to close above 4500 or it will head to 4200 next week, he adds. In an F&O call, sell Nifty July futures with a target of 4350 and stop loss of 4575, says Hormuz Maloo, technical analyst, on CNBC Awaaz. The short-term trend is down and Nifty has strong support at 4350 at which level one can go long, he says. In an F&O call, buy Nifty July futures with a target of 4730 and stop loss of 4460, says Nitesh Chand, technical analyst, on CNBC Awaaz. If Nifty closes above 4500 then the market is likely to move up, he adds. Buy Unitech with a target of Rs 99-116 in two weeks, says Salil Kapoor, technical analyst, on Zee Business. The stock is currently trading at Rs 90, down 5.76% on the BSE. Hold Tata Steel which should do well in 6-12 months, says Paras Bothra of Ashika Stock Broking on NDTV Profit. The stock is currently trading at Rs 444, down 5.2% on the BSE. Hold Rolta with a target of Rs 145-160, says Salil Kapoor, technical analyst, on Zee Business. The stock is currently trading at Rs 141, down 0.07% on the BSE. In the real estate space, top picks to accumulate in the portfolio for the long term are DLF, Unitech, HDIL and Indiabulls Real Estate, says Gaurang Shah of Geojit BNP Paribas, on Zee Business. The market is still trading weak but seeing some recovery. Sensex is trading at 15133, down 198 points and Nifty is at 4503, down 62 points from the previous close. CNX Midcap index is down 1.34% and BSE Smallcap index is down 1.76%. The market breadth is negative with advances at 357 against declines of 880 on the BSE. Sell ICICI Bank as it looks weak and has a target of Rs 700, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 735, down 0.53% on the BSE. Hold Bombay Dyeing with a target of Rs 430-440 in two months, says Salil Kapoor, technical analyst, on Zee Business. The stock is currently trading at Rs 355, down 3.6% on the BSE. Buy Unitech with a target of Rs 100, says Prakash Gaba, technical analyst, on CNBC TV18. The stock is currently trading at Rs 90, down 6.01% on the BSE. Buy IFCI with a target of Rs 58 with a stop loss of Rs 49, says Rahul Mohindar technical analyst, on CNBC TV18. The stock is currently trading at Rs 50, down 3.55% on the BSE. Buy DLF with a target of Rs 460, says Prakash Gaba, technical analyst, on CNBC TV18. The stock is currently trading at Rs 396, down 6.99% on the BSE. Hold BPCL with target of Rs 500, says Rajat Bose, technical analyst, on CNBC Awaaz. It has support at Rs 454, he adds. The stock is currently trading at Rs 467.40, up 1% on the BSE. » Send to friends 12:54 PM - Hold Jaiprakash Associates with target of Rs 295, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 170, he adds. The stock is currently trading at Rs 233.50, down 3.2% on the BSE. Hold HUL with target of Rs 350-400 in 6-12 months, says Ashu Kakkar, technical analyst, on NDTV Profit. It has support at Rs 210, he adds. The stock is currently trading at Rs 270.40, down 2.4% on the BSE. Book profits in HDIL at around Rs 300, says Paras Bothra of Ashika Stock Broking on NDTV Profit. It is quite a volatile stock, he adds. The stock is currently trading at Rs 265.50, down 8% on the BSE. Buy Hero Honda on dips with long-term view, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. It is a good stock to be invested in, he adds. The stock is currently trading at Rs 1665.90, down 0.5% on the BSE. Hold Axis Bank with targets of Rs 980 and then 1000 plus, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 880, he adds. The stock is currently trading at Rs 897, down 6% on the BSE. Hold ICICI Bank with target of Rs 780, says Salil Sharma, technical analyst, on CNBC Awaaz. It has resistance at Rs 730, he adds. The stock is currently trading at Rs 726, down 1.9% on the BSE. Buy TTML at Rs 25 with target of Rs 40, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 34.80, down 4.4% on the BSE. Buy ACC with target of Rs 910, says Rajat Bose, technical analyst, on CNBC Awaaz. It has resistance at Rs 885-889, he adds. The stock is currently trading at Rs 840.25, down 3% on the BSE. Hold Unitech with target of Rs 103, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 82-85, he adds. The stock is currently trading at Rs 93, down 2.9% on the BSE. Buy Rolta India with target of Rs 175, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 130, he adds. The stock is currently trading at Rs 144.70, up 1.9% on the BSE. Buy McLeod Russel at Rs 140 with medium-term target of Rs 185 and then Rs 240 in one year, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 139.15, up 0.5% on the BSE. Buy Sesa Goa with target of Rs 264-266 if it does not break Rs 239, says Anu Jain, technical analyst, on CNBC TV18. Keep strict stock loss of Rs 240, she adds. The stock is currently trading at Rs 240.85, down 1.9% on the BSE. Hold Unitech with target of Rs 104 and above, says MB Singh, technical analyst, on Zee Business. Keep stop loss below Rs 80, he adds. The stock is currently trading at Rs 94.55, down 1.3% on the BSE. Buy Bharti Airtel at Rs 370 with target of Rs 480, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 431.70, up 1% on the BSE. Buy JK Lakshmi Cement with target of Rs 185-210, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 133.55, up 1.6% on the BSE. Sell Emami with intra-day target of Rs 370, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 385, he adds. The stock is currently trading at Rs 380, down 0.5% on the BSE. Sell Matrix Lab with intra-day target of Rs 200, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 211, he adds. The stock is currently trading at Rs 208.50, down 0.1% on the BSE. Buy Balrampur Chini with intra-day target of Rs 115, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 108, he adds. The stock is currently trading at Rs 113.30, up 3% on the BSE. Buy Bombay Dyeing which on crossing Rs 374 will give intra-day gains of Rs 10-12, says Pradeep Surekha, technical analyst, on Zee Business. The stock is currently trading at Rs 366, down 0.6% on the BSE. Sell Tata Tea with intra-day target of Rs 775, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 811, he adds. The stock is currently trading at Rs 795.10, down 0.6% on the BSE. Buy Mangalore Chemical & Fertilisers with intra-day target of Rs 25, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 21, he adds. The stock is currently trading at Rs 22.40, up 2.8% on the BSE. Sell Punj Lloyd at Rs 240 with intra-day target of Rs 233, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 244, she adds. The stock last traded at Rs 239.75, down 1.5% on the BSE. Buy Tata Steel at Rs 471 with intra-day target of Rs 482, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 464, she adds. The stock last traded at Rs 468.95, up 2.5% on the BSE. Buy RCom at Rs 291 with intra-day target of Rs 298, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 285, she adds. The stock last traded at Rs 290.50, up 3% on the BSE.