VIKAS PARSHURAM SAMWATSAREBIG BOSS
Technical Analyst,PARTNER OF PARSADAM BROKING HOUSE
Broking House: PARSADAM BROKING HOUSE has suggested these stocks for mid-term picks.
Axis Bank Ltd
Recommendation:Buy
Market Price: Rs 1243.7
Target Price: Rs 1653
Axis Bank's highest CASA ratios and CASA market share gains are expected to underpin relatively stronger earnings growth momentum.
Market Price: Rs 1243.7
Target Price: Rs 1653
Axis Bank's highest CASA ratios and CASA market share gains are expected to underpin relatively stronger earnings growth momentum.
Reliance Industries Ltd
Recommendation:Buy
Market Price: Rs 936.2
Target Price: Rs 1189
We expect RIL's profitability to register 12pc CAGR over FY11-13E. We expect its foray in the newer ventures along with discovery and monetisation of its upstream portfolio to keep it on high-growth orbit.
Market Price: Rs 936.2
Target Price: Rs 1189
We expect RIL's profitability to register 12pc CAGR over FY11-13E. We expect its foray in the newer ventures along with discovery and monetisation of its upstream portfolio to keep it on high-growth orbit.
Hindalco Industries Ltd
Recommendation:Buy
Market Price: Rs 189.4
Target Price: Rs 243
Hindalco is well placed to benefit from its aluminium expansion plans, which would increase its capacity by 200pc in the next 2-3 years.
Market Price: Rs 189.4
Target Price: Rs 243
Hindalco is well placed to benefit from its aluminium expansion plans, which would increase its capacity by 200pc in the next 2-3 years.
Larsen & Toubro Ltd
Recommendation:Buy
Market Price: Rs 1712
Target Price: Rs 2033
L&T has been able to buck the trend and report higher than estimated order inflow for Q4 FY11, along with stable margins.
Market Price: Rs 1712
Target Price: Rs 2033
L&T has been able to buck the trend and report higher than estimated order inflow for Q4 FY11, along with stable margins.
Hindustan Unilever Ltd
Recommendation: Buy
Breakout
Last Close: Rs 318
Target: Rs 342
Stop Loss: Rs 302
The stock is near record high of Rs 329.9 above which it is a major break-out. On a monthly basis, it has been making higher lows.
Breakout
Last Close: Rs 318
Target: Rs 342
Stop Loss: Rs 302
The stock is near record high of Rs 329.9 above which it is a major break-out. On a monthly basis, it has been making higher lows.
Engineers India Ltd
Recommendation: Buy
Oversold
Last Close: Rs 274
Target: Rs 290
Stop Loss: Rs 263
The stock has formed a fry pan bottom and started to move up on higher volumes and closed above 20 DMA Rs 273
Oversold
Last Close: Rs 274
Target: Rs 290
Stop Loss: Rs 263
The stock has formed a fry pan bottom and started to move up on higher volumes and closed above 20 DMA Rs 273
Tech Mahindra Ltd
Recommendation: Buy
Bullish
Last Close: Rs 686
Target: Rs 724
Stop Loss: Rs 661
The stock has made rounding bottom and has closed at a 6-week high and above 100DMA Rs 683.
Bullish
Last Close: Rs 686
Target: Rs 724
Stop Loss: Rs 661
The stock has made rounding bottom and has closed at a 6-week high and above 100DMA Rs 683.
Tata Motors Ltd
Recommendation: Sell
Bearish
Last Close: Rs 1024
Target: Rs 964
Stop Loss: Rs 1064
The stock gapped down (1075-1070) after breaking down from a triangle formation and it has been consistently moving lower.
Bearish
Last Close: Rs 1024
Target: Rs 964
Stop Loss: Rs 1064
The stock gapped down (1075-1070) after breaking down from a triangle formation and it has been consistently moving lower.
In banking, CNX Bank Index lost -57.25 points or -0.53 %. Amongst the banking stocks Indian Overseas Bank, Axis Bank and UCO Bank lead the row.
Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10720 it would be in a downward trend.
It has resistance close to the level of 10990 above this level the next resistance near to the level of 11210. It has support close to the level of 10720 & below this level the next support near 10620 marks.
Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10720 it would be in a downward trend.
It has resistance close to the level of 10990 above this level the next resistance near to the level of 11210. It has support close to the level of 10720 & below this level the next support near 10620 marks.
Today markets closed higher for the second consecutive day with the S&P CNX NIFTY continuing its northward journey and closing the day down -33.60 points or -0.16 % at 5516.75.
The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.
It has resistance close to the level of 5625 & above this level the next resistance near the 5730 mark. It has support close to the level of 5480 & below this level the next support near 5400 mark.
The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.
It has resistance close to the level of 5625 & above this level the next resistance near the 5730 mark. It has support close to the level of 5480 & below this level the next support near 5400 mark.
Buy JET Airways June Futures in range Rs 448-450
Target Rs 475
Stop Loss at Rs 438
Hindalco
Buy Hindalco June futures in range Rs 2.50-2.75
Target Rs 180
Stop Loss at Rs 1.50
Bank of India (BOI)
Sell BOI
Target Rs 415-406 against CMP Rs 425.8
Mphasis
Sell Mphasis
Target Rs 461-453 against CMP Rs 464.3
Piramal Healthcare
Buy Piramal
Target Rs 385-92 against CMP Rs 371.7
KS Oil
Buy KS Oil
Target Rs 28-29 against CMP Rs 26.3
ITC
Buy ITC
Target price of Rs 198.8-202 against CMP Rs 193.4.
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