Brokerage Recommendations 15 July 2009
In the private banking space, buy Axis Bank, HDFC Bank and Yes Bank for good long-term gains, says Upendra Kulkarni, technical analyst, on NDTV Profit. In PSU banks, his top picks are SBI, PNB and Central Bank.
Buy Reliance Infrastructure Ltd with a target of Rs 1150, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1104, up 4.7% on the BSE.
Buy GMR Infra with a target of Rs 152-164 and stop loss of Rs 122, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 141, up 5.6% on the BSE.
Buy L&T with a target of Rs 1490 and stop loss of Rs 1400, says Prakash Gaba, technical analyst, on CNBC Awaaz, as closing market strategy.
Book profits at current levels, says Ashwani Gujral, technical analyst, on CNBC-TV18, as closing market strategy.
Hold Nifty long positions above 4230, with stop loss of 4165 and target of 4310, says Rahul Mohindar, technical analyst, on CNBC-TV18, as closing market strategy.
Looks like the correction is over and now the market is into an uptrend, says Deepak Mohoni, technical analyst, on CNBC Awaaz. Since global cues are positive the market may is seeing this upmove, he adds.
In F&O call, buy Nifty July futures with a target of 4225 and stop loss of 4170, says Salil Sharma of Kapoor & Sharma Company, on CNBC Awaaz. If Nifty crosses 4240 it will signify a new uptrend in the market, he says.
In F&O call, buy Nifty July futures with a target of 4400 and stop loss of 4100, says Rakesh Bansal of SMC Global, on CNBC Awaaz. Use all dips to buy in this market, he says. » Send to friends
In F&O call, buy Nifty July futures with a target of 4500 and stop loss of 3918, says Hormuz Maloo of Geojit BNP Paribas, on CNBC Awaaz. The market is in an uptrend as long as it stays above 3918, he says.
In an F&O call, hold Nifty July futures with a target of 4230 and stop loss of 4130, says Vijay Bhambwani, technical analyst, on CNBC Awaaz. The market is likely to rally to 4270 where one can exit, he says.
Buy Aban Offshore if it crosses Rs 900 it has a target of Rs 1000-1050, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 814, up 3.3% on the BSE.
Buy Cairn India with a target of Rs 245-265 and stop loss of Rs 210, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 228, up 3.31% on the BSE.
Hold JP Hydro with target of Rs 125-150 in 3-6 months, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 77, up 7.23% on the BSE.
Buy REC Ltd with a target of Rs 195-210 and stop loss of Rs 163, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 174, up 7.27% on the BSE.
Hold BHEL with target of Rs 2250, says Rajesh Agarwal of CD Equisearch on CNBC Awaaz. The stock is currently trading at Rs 2179, up 6.5% on the BSE.
Buy ICICI Bank at Rs 600 with target of Rs 1500 in two years, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 686, up 0.92% on the BSE.
Sharekhan maintains a buy on Tata Tea with a target of Rs 939 in one year, reports Zee Business. The stock is currently trading at Rs 736, up 1.4% on the BSE.
Buy Gammon India on dips with long-term view, says VVLN Sastry of Firstcall India Equity Advisors on NDTV Profit. The stock is currently trading at Rs 155, up 1.24% on the BSE.
Buy Suzlon with a target of Rs 100, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 93, up 4.23% on the BSE.
Buy Balrampur Chini with a target of Rs 128-130, says Vikram Suryavanshi of Karvy Stock Broking, on CNBC Awaaz. The stock is currently trading at Rs 102, up 4.13% on the BSE.
Hold Jubilant Organosys with a target of Rs 180 and stop loss of Rs 160, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 163, down 3.1% on the BSE.
Hold Aban Offshore with short-term target of Rs 970-1050 and long-term target of Rs 2000-2050, says Prasad Kushe, technical analyst, on NDTV Profit. It has support at Rs 700, he adds. The stock is currently trading at Rs 833, up 5.8% on the BSE.
Hold Suzlon Energy with targets of Rs 95 and then 103, says Pradeep Surekha, technical analyst, on Zee Business. It has resistance at Rs 93, he adds. The stock is currently trading at Rs 93, up 4.6% on the BSE.
The market is unlikely to sustain rise for long, says Anand Tandon of Brics Securities, on CNBC TV18. But in the short-term, the market may see an upmove, he adds.
Buy Bank of India at Rs 290 with target of Rs 450-500, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 329.30, up 0.1% on the BSE.
Hold Reliance Infrastructure with target of Rs 1150, says MB Singh, technical analyst, on Zee Business. It has support at Rs 835, he adds. The stock is currently trading at Rs 1093.10, up 3.7% on the BSE.
Hold Aban Offshore with targets of Rs 850 and 880 in a day or two, says Pradeep Surekha, technical analyst, on Zee Business. Keep a trailing stop loss, he adds. The stock is currently trading at Rs 832, up 5.6% on the BSE.
Buy Astra Microwave at Rs 61 with targets of Rs 115 and then 150, says Prasad Kushe, technical analyst, on NDTV Profit. The stock is currently trading at Rs 67.95, up 3.2% on the BSE.
Hold GVK Power with target of Rs 42-44, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss below Rs 37, he adds. The stock is currently trading at Rs 40.95, up 3.5% on the BSE.
Hold HDFC Bank with target of Rs 1400-1425, says Prasad Kushe, technical analyst, on NDTV Profit. Keep stop loss of Rs 1325, he adds. Buy again when it comes down to Rs 1200 and hold for long term, he says. The stock is currently trading at Rs 1356.40, down 0.3% on the BSE.
Hold Gateway Distriparks with long-term target of Rs 140, says Prakash Gaba, technical analyst, on CNBC Awaaz. It has strong support at Rs 70 and resistance at Rs 100, he adds. The stock is currently trading at Rs 92, up 5% on the BSE.
Buy Gujarat Alkalies with target of Rs 115-120 in one month, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 94, he adds. The stock is currently trading at Rs 98.35, up 4.1% on the BSE.
Hold Suzlon Energy with stop loss of Rs 87, says Anu Jain, technical analyst, on CNBC TV18. But fresh investors should stay away, she adds. It has resistance at Rs 92-95, she says. The stock is currently trading at Rs 92.55, up 3.1% on the BSE.
Hold Reliance Power with target of Rs 175, says Prakash Gaba, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 152, he adds. The stock is currently trading at Rs 158.50, up 4.6% on the BSE.
Hold L&T with target of Rs 1450, says MB Singh, technical analyst, on Zee Business. Keep stop loss of Rs 1300, he adds. The stock is currently trading at Rs 1405, up 2.4% on the BSE.
Hold Reliance Infrastructure with target of Rs 1140, says Pradeep Surekha, technical analyst, on Zee Business. Buy again at Rs 900-950, he adds. The stock is currently trading at Rs 1074, up 1.9% on the BSE.
Buy Infosys with short-term target of Rs 1900, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1775.90, down 1.7% on the BSE.
The market bounced back due to a combination of short covering and speculative buying, says Ambareesh Baliga of Karvy Stock Broking on CNBC TV18. He advises booking profit on further upside. The market is still in a correction mode and I expect the Nifty to go to 3800 levels in the near-term, he adds.
Hold Neyveli Lignite with target of Rs 130, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 115, he adds. The stock is currently trading at Rs 122.30, up 2.8% on the BSE.
Buy HDFC only when it comes down to Rs 2100, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 2381.20, up 0.6% on the BSE.
Hold ICSA-India with target of Rs 170, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 163.55, up 3.6% on the BSE.
Buy Polaris with target of Rs 110, says Ashwani Gujral, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 84, he adds. The stock is currently trading at Rs 93.80, up 2.6% on the BSE.
Buy IDFC which has resistance at Rs 139 crossing which it can go up to Rs 143-148, says Pradeep Surekha, technical analyst, on Zee Business. Keep stop loss below Rs 130, he adds. The stock is currently trading at Rs 134.65, up 0.2% on the BSE. » Send to friends
Buy Indiabulls Financial with intra-day target of Rs 181, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 166, he adds. The stock is currently trading at Rs 168.50, up 1.4% on the BSE.
Hold Suzlon Energy with target of Rs 97, says Salil Sharma, technical analyst, on CNBC Awaaz. Buy again if it closes above Rs 98, he adds. The stock is currently trading at Rs 93.40, up 4.1% on the BSE.
Buy Patni Computer at Rs 257 with target of Rs 300-320, says Anu Jain, technical analyst, on CNBC TV18. The stock is currently trading at Rs 275.50, up 1.3% on the BSE.
Buy TCS with intra-day target of Rs 428, says Rahul Mohinder, technical analyst, on CNBC TV18. The stock is currently trading at Rs 414.50, up 1.4% on the BSE.
Buy Alkali Metals with intra-day target of Rs 234, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 217, he adds. The stock is currently trading at Rs 228.80, up 3.9% on the BSE.
The market opens on a positive note, in the steps of good global cues. Asian markets are trading firm. Sensex is trading at 13972, up 118 points from its previous close, and Nifty is at 4146, up 34 points. CNX Midcap index is up 1% and BSE Smallcap index is up 1.2%. The market breadth is positive with advances at 471 against declines of 45 on the NSE.
Buy Tech Mahindra at Rs 702 with intra-day target of Rs 719, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 693, she adds. The stock is at Rs 701.45, up 7.1% on the BSE.
Buy Spicejet with intra-day target of Rs 19, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 17.25, he adds. The stock is at Rs 17.40, up 6.4% on the BSE.
Buy Punj Lloyd at Rs 203 with intra-day target of Rs 212, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 195, she adds. The stock is at Rs 203.15, up 11% on the BSE.
Buy HDIL at Rs 207 with intra-day target of Rs 215, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 202, she adds. The stock is at Rs 207.60, up 9.4% on the BSE.