STRICTLY TRADE WITH STOP LOSS ONLY. ONLY SL CAN SAVE YOU IN THE MARKET.
• Its time to stay highly alert, as the nifty’s trend reversal point has moved up to 5360, also the weakening of uptrend is observed in last 3 days.
• Indicators are showing divergence with price. This indicates sharper down move in future.
• Expecting more than 2 to 5 % move in next few days. This brings 5600 & 5230 levels on Nifty in picture.
• Sentiment will remain bullish as long as nifty is holding 5360. 5460 & 5620 levels are possible targets for Nifty on Upside.
• Moderate to high risk in fresh long term (1 to 3 years) investment.
Broking House: Kotak Securities
TCS: Recommendation: Buy
Current market price: Rs 784
Target price: Rs 918; Upside: 17.09%
Broking House: Sharekhan
Axis Bank: Recommendation: Buy
Current market price: Rs 1,345
Target price: Rs 1,442; Upside: 7.21%
Broking House: Ambit Corporation
Maruti Suzuki: Recommendation: Buy
Current market price: Rs 1,375
Target price: Rs 1,582; Upside: 15.05%
Broking House: Prabhudas Lilladher
Bharti Airtel: Recommendation: Buy
Current market price: Rs 301
Target price: Rs 332; Upside: 10.29%
Broking House: ICICI Sec
Piramal Healthcare: Recommendation: Buy
Current market price: Rs 504
Target price: Rs 589; Upside: 16.86%
Broking House: Angel Broking
Sintex Industries
Current market price: Rs 332
Target price: Rs 385; Upside: 15.96%
WEEKLY RECO FROM EDELWEISS:
Yes Bank:: Buying is recommended at current market price (CMP) of Rs 299.5 with target of Rs 320 and stop loss of Rs 288.
Parsvnath Developers:: Buying is recommended at CMP of Rs 135 with target of Rs 145 and stop loss of Rs 130.
Aurobindo Pharma:: Buying is recommended at CMP of Rs 1004.7 with target of Rs 1060 and stop loss of Rs 969.
STOCK OF THE WEEK: EDELWEISS: GAIL (INDIA) LTD
Current Price: Rs. 440.6; Target Price: Rs. 510
HDFC Securities: recommend buying HCL Tech (CMP Rs.373.30) between Rs.370-374 levels with a stop loss at Rs.364. Upside targets are at Rs.394 which may touch in 4-8 trading sessions.
ARIHANT’S VALUE PLUS:
(i) FUNDAMENTAL:
GUJARAT GAS CO. LTD. (GGCL): ACCUMULATE; CMP 304.50; TGT 357
MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.(MMFSL):BUY; CMP 454; TGT 526
ALLIED DIGITAL SERVICES LTD. (ADSL): BUY; CMP 228; TGT 303
PATNI COMPUTERS: BUY; CMP 520; TGT 650
(ii) TECHNICAL:
RELIANCE POWER: BUY; CMP 171; SL 155; TGT 235/260
SBI: BUY; CMP 2305; SL 2232; TGT 2450
ANAGRAM:: NEGATIVE DIVERGENCE ON DAILY CHART; CAUTION ADVISED
WISE MONEY:
BOMBAY RAYON (BRFL): The stock closed at Rs 269.20 on 16th July 2010. It made a 52-week low at Rs 161.00 on 16th July 2009 and 52-week high of Rs 271.45 on 16th July 2010. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 204. Accumulate in a range of 258-263 levels with closing below stop loss of 245 levels for the targets of 305-315 levels.
SREI INFRASTRUCTURE FINANCE LTD.: The stock closed at Rs 90.65 on 16th July 2010. It made a 52-week low at Rs 54.65 on 23rd July 2009 and 52-week high of Rs 94.00 on 20th January 2009. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 76. Accumulate between 86-89 levels with closing below stop loss of 79 levels for the targets of 110-120 levels.
ZEE ENTERTAINMENT ENTERPRISES LTD. (ZEEL): The stock closed at Rs 313.20 on 16th July 2010. It made a 52-week low at Rs 162.20 on 16th July 2009 and 52-week high of Rs 318.00 on 22nd June 2010. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 214. Accumulate between 303-308 levels with closing below stop loss of 288 levels for the targets of 350-360 levels.
IIFL: INVESTMENT IDEAS::
Buy Amara Raja Battery CMP 193 Tgt 220
Buy Motherson Sumi Systems at CMP
Technical Ideas: Buy Relcapital (CMP 806) between Rs. 800-810 with stop loss of Rs. 786 for a target of Rs. 850 and Rs. 860.
Buy Maharashtra Seamless (CMP 398) above Rs. 400 with stop loss of Rs. 388 for target of Rs. 438.
