Stock recommendation on Aug 27

3:45 PM: The market shrugged off a weak start and rallied into the positive zone past noon but remained choppy till the end of the session.

Global cues were not any positive today. Some short-covering due to expiry of August series derivatives contracts aided the rally to an extent.

Unveiling the five-year foreign policy, the commerce minister set a target of US$ 200 billion worth exports for next fiscal, a feat that India failed to achieve in 2008-09 due to a slump in global demand in the face of financial crisis.

The government extended tax holiday and duty refund for exporters, while allowing duty free capital goods import under its Foreign Trade Policy to insulate them from protectionism induced by recession abroad.

The Sensex ended the day at 15,807.44 (provisional) with a gain of 37.59 points or 0.24%.

The Nifty closed at 4696.05, up 15.20 points or 0.32%.

Consumer durables, capital goods and pharma stocks had a good outing today.

IT stocks opened well but turned a bit easy later on in the day.

Bank, realty, metal and oil stocks were subdued.

Midcap and smallcap stocks pared gains and ended off their highs.

Tata Power, Bharti Airtel, Wipro, L&T, Sterlite, BHEL, ITC, M&M and SBI ended with notable gains.

Tata Steel went down by over 6% on weak results.

HUL, Tata Motors, Hero Honda, DLF, Hindalco, RComm, JP Associates and ICICI Bank ended with sharp losses.

GAIL, Cipla, HCL Tech, Unitech, Siemens and Nalco closed on a firm note.

The market breadh was positive right through the session.

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Hot scrip search: RIL, Satyam, L&T, Aban Offshore, SSI, Trent, TCS, Raymond, Titan Industries, TCS, Infosys, Sulzer India, RNRL, SBI, Suzlon, NTPC, DLF, Unitech

3:40 PM: Siemens (Rs 496) can be retained in the portfolio with a stop loss near Rs 380.

Fresh buying can be considered at declines from current levels.

The stock could rise to Rs 580 - 590 if it makes a decisive breakout past Rs 520.

3:35 PM: Buy Satyam Computer with target of Rs 120 and stop loss of Rs 110, says Prakash Gaba, technical analyst, on CNBC Awaaz, as market closing strategy.

3:30 PM: Buy IndusInd Bank on dips with target of Rs 125-130, says Gaurav Jain of HEM Securities on CNBC Awaaz.

3:25 PM: Buy Sun Pharma with target of Rs 1255, says Pankaj Pandey of ICICI Securities on NDTV Profit.

3:20 PM: Buy Patni Computer on dips, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

3:15 PM: Buy Reliance Capital with a target of Rs 900 and stop loss of Rs 805, says Prakash Gaba, technical analyst, on CNBC Awaaz.

3:10 PM: Buy Rolta with a target of Rs 200, says Pankaj Pandey of ICICI Securities, on NDTV Profit.

3:05 PM: PBA Infrastructure (Rs 72) can be retained with a stop loss near Rs 55.

If the stock breaches a support there, then a fall to Rs 45 or even further down is likely.

On the upside, the stock could rise to Rs 77 - 80 where a stiff resistance is likely.

3:00 PM: Buy IDBI with a target of Rs 125-130 in 2-3 months and stop loss of Rs 90, says Hardik Jain, technical analyst, on CNBC Awaaz.

2:55 PM: Ambuja Cements, Ultratech and India Cements can be picked up at declines.

One looking at long term, can expect fairly solid returns from these stocks.

ACC and Grasim Industries can also be tried at 15 - 25% down from their current levels.

2:50 PM: Hexaware Technologies touched an intraday high of Rs 86.30 and an intraday low of Rs 81.60. The share was quoting at Rs 82, down Rs 2.95, or 3.47%.

2:45 PM: Buy DLF with target of Rs 418 and stop loss of Rs 380, says Rahul Mohindar, technical analyst, on CNBC Awaaz.

2:40 PM: Bharti Airtel touched an intraday high of Rs 421.90 and an intraday low of Rs 401.50. the share was quoting at Rs 420.55, up Rs 15.15, or 3.74%.

2:35 PM: Stay invested in IRB Infrastructure (Rs 216) with a long term view.

The stock is likely to find good support around Rs 175. For now, a stop loss can be placed near that mark.

2:30 PM: Buy Dewan Housing Finance Corporation has target of Rs 143, says Sharmila Joshi, Investment Advisor on CNBC-TV18

2:25 PM: Buy Infosys at Rs 2156 with a target of Rs 2362 and stop loss of Rs 2415, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz.

2:20 PM: Buy ITD Cementation with a target of Rs 280-290 in 2-3 months and stop loss of Rs 190, says Hardik Jain, technical analyst, on CNBC Awaaz.

2:15 PM: Buy Allied Digital Services with a target of Rs 625-650 and stop loss of Rs 390, says Jatindar Sharma, technical analyst, on CNBC Awaaz.

2:10 PM: IVRCL Infrastructure and Projects touched an intraday high of Rs 368.30 and an intraday low of Rs 354.65. The share was quoting at Rs 364.50, up Rs 1.30, or 0.36%.

2:05 PM: Notwithstanding some encouraging economic reports from across the globe, some economists and analysts feel recovery is still some way off.

So, the market is likely to remain sideways for another couple of quarters, if not longer.

Traders will get plenty of opportunities in a sideways market. Investors with no great appetite of risk would do well to go in for quality stocks at sharp falls.

2:00 PM: Aurobindo Pharma has received Swissmedic approval for its Cefepime for Injection.

The pharma major has also announced that it has received final approval for Clindamysin Hydrochloride Capsules from the US FDA.

Investors with a medium to long term plan can stay invested in the stock, which is currently trading at Rs 717.

1:55 PM: Videocon Industries touched an intraday high of Rs 243.30 and an intraday low of Rs 221. The share was quoting at Rs 237.50, up Rs 13.70, or 6.12%.

1:50 PM: Nagarjuna Constrcutions (Rs 137) may face some resistance at Rs 150 - 155 levels.

A strong breakout there could result in a surge to Rs 175 - 180.

One can hold the stock with a stop loss near Rs 120.

1:45 PM: McNally Bharat Engineering has received two orders worth a total of 179.23 crore from Hindalco Industries Limited.

The stock has climbed up 3.6% to Rs 207.85 this afternoon.

1:40 PM: Buy Alok Industries with a target of Rs 30 and stop loss of Rs 19, says Ashwani Gujral, technical analyst, on CNBC TV18.

1:35 PM: Radico Khaitan touched a 52-week high of Rs 106.80. The share was quoting at Rs 103, up Rs 9.50, or 10.16%.

1:30 PM: Buy RNRL with a target of Rs 95-110 and stop loss of Rs 82, says Ashwani Gujral, technical analyst, on CNBC TV18.

1:25 PM: Hold IT stocks, says Ambareesh Baliga, Karvy Stock Broking on CNBC TV18

1:20 PM: Buy HCL Technologies with a target of Rs 326, says Mitesh Thakkar, technical analyst, on CNBC TV18.

1:15 PM: Gitanjali Gems touched an intraday high of Rs 128.10 and an intraday low of Rs 119.95. The share was quoting at Rs 127.00, up Rs 7.60, or 6.37%

1:10 PM: Buy Selan Exploration Technology, HOEC, and Aban Offshore on every dip, Sudarshan Sukhani, Technical Analyst on CNBC-TV18.

1:05 PM: Tata Motors (Rs 493) can be tried for intra-day.

The stock is likely to move to Rs 500 - 505 from here.

A stop loss can be placed near Rs 488.

1:00 PM: HDFC Bank (cmp Rs 1454) could rise to Rs 1470 or higher if it makes a decisive breakout at 1458.

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On the downside, the stock may ease to Rs 1430 if it eases to Rs 1445 and remains weak for a while.

12:55 PM: Buy ONGC with a target of Rs 1185 and stop loss of Rs 1150, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

12:50 PM: Sell Hindalco with a target of Rs 104 and stop loss of Rs 108.50, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

12:22 PM: Ess Dee Aluminium touched an intraday high of Rs 322 and an intraday low of Rs 281.95. The share was quoting at Rs 314, up Rs 33.40, or 11.90%.

12:10 PM: ICICI Bank touched an intraday high of Rs 759 and an intraday low of Rs 751. The share was quoting at Rs 753.75, down Rs 7.4, or 0.97%.

12:05 PM: Pantaloon Retail (Rs 321) is near a resistance level now.

Some strength here could lift the stock to around Rs 360 in the near term.

On the downside, the stock has support near Rs 270. A pronounced weakness there could result in a fall to Rs 210 or even lower.

12:00 PM: Sell Hindalco Industries: Hindalco could go lower and much lower, Sudarshan Sukhani, Technical Analyst, on CNBC-TV18

Source	Company	Action	Target (Rs)
CNBC TV18	RNRL	Buy	95-110
Zee Business	Axis Bank	Buy	954
CNBC Awaaz	GMR Infrastructure	Buy	149-157
CNBC TV18	Alok Industries	Buy	30

11:55 AM: GMR Infrastructure: Buy above 143.70 for the targets of 146.50 / 148 / Higher with a stop loss of 142.20

11:50 AM: BGR Energy has secured a contract worth Rs 1633.71 crore from Chattisgarh State Power Generation Company Limited.

The contract is for design, erection of equipment, civil & structural works, commissioning and guarantee test for the 2x500 MW coal based Marwa Thermal Power project at Chattisgarh.

The stock is up by over 4.5% at Rs 470 now.

11:44 AM: Edserv Softsystems Limited has been locked in the upper circuit with 88898 buyers. The scrip opened at Rs 80 and was last quoting at Rs 83.85.

11:38 AM: Buy Opto Circuits with a target of Rs 205-225 and stop loss of Rs 182, says Husseini Wadharia of Techno Shares, on CNBC Awaaz.

11:33 AM: Hindustan Unilever: Sell below 264.00 with a stop loss of 266

11:28 AM: MphasiS (Rs 586) looks set for further rise in the short run.

The stock could rise to Rs 635 - 650 where a resistance is likely.

Short term investors can book some profits there and re-enter the counter later at declines.

11:23 AM: Canara Bank: Sell below 263.00 with a stop loss of 265

11:11 AM: Anil Ambani group company Reliance Natural Resources is trading weak at Rs 87.15, down Rs 2.10 or 2.35 per cent

11:05 AM: Dr. Reddy's Lab: Buy above 824.00 for the targets of 836 / 844 / Higher with a stop loss of 818

11:16 AM: Sell PNB with a target of Rs 658 and stop loss of Rs 685, says Husseini Wadharia of Techno Shares, on CNBC Awaaz.

10:59 AM: Nifty Futures : Buy above 4650 for the targets of 4663 / 4680/ higher with a stop loss of 4648

10:53 AM: IVRCL Infrastructure's order book has grown fatter with the company bagging orders of Water Projects valued Rs 583 crores.

The orders are from Municipal Corporation of Greater Mumbai, Busawath Thermal Power Station and Tamil Nadu Energy Company.

The stock is up with a modest gain at Rs 365.50. One can go in for the stock at dips.

10:48 AM: Intraday Strategy: Buy Merlin August Futures above Rs 62.00

10:43 AM: Buy Educomp Solutions with a target of Rs 4385 and stop loss of Rs 4220, says Simi Bhaumik, technical analyst, on Zee Business.

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10:37 AM: Buy Axis Bank with a target of Rs 954 and stop loss of Rs 920, says Simi Bhaumik, technical analyst, on Zee Business.

10:32 AM: Buy Sun Pharma August Futures above Rs 1210.00

10:26 AM: IT majors are in demand this morning.

Infosys, TCS and Wipro have won outsourcing contracts from British Petroleum.

The three firms are likely to earn in excess of $100 million each over the next few years through these contracts.

10:20 AM: SAIL: Metal stocks were not responding well in the yesterday's recovery. Technically this stock will have resistance at 165 marks. Sell this stock keeping stop loss above 165 marks for the target of 158. If it goes below 158 then we can see fresh selling. Support - 87/86/85

10:10 AM: The market opened lower this morning on weak global cues.

The Sensex, which dropped down to 15,685, is down by 58.49 points or 0.37% at 15,711.36 now.

The Nifty is down by 13.35 points or 0.29% at 4667.50.

Realty, metal, capital goods and bank stocks drifted lower in early trade.

Select consumer durables, IT and pharma stocks edged higher.

10:00 AM: Praj Industries: We have seen strong buying in some of the mid cap stocks. This stock has moved higher with good volume. Technically it can go towards 100. If it move above 101 and sustain then we can see some rise in just few days. Support - 96/95/94

9:45 AM: Nifty: (4681) the crucial support for the Nifty is at 4660 and resistance is at 4700-4790

9:30 AM: The crucial support for the Sensex is 15700-15690 and the resistance is at 15783-15904

9:20 AM: The Indian rupee opened at Rs 49 per dollar versus Rs 48.92 yesterday.

9:15 AM: Asian shares mostly eased on Thursday and the yen rose after a flat day on Wall Street following encouraging home sales and durable goods data left investors cautious about chasing shares higher.

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