Recommendations for this week. As market is in consolidation phase, so we strictly recommend to invest in small quantities.Sr No Scripts Recommended Rate (INR) Target Rate (INR) 1 Kohinoor Foods Ltd. 57.25 72.00 2 Varun Shipping Company Ltd. 58.15 73.00 3 Binani Cement Ltd. 60.95 77.00 4 Nitco Ltd. 63.10 79.00 5 Essar Shipping Ports & Logistics Ltd. 65.90 83.00 6 Kalindee Rail Nirman (Engineers) Ltd. 141.40 215.00
Aban offshore has a near term target of Rs 1930Sr No Mutual Fund Scheme Holding This Stock No Of Shares Holding 1 Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) 1,303,958 2 Kotak Equity Arbitrage Fund (G) 60,800 3 Sundaram BNP Paribas Capex Opportunities Fund (G) 57,386 4 Sundaram BNP Paribas Capex Opportunities Fund (D) 57,271
Reliance Infra has a strong support around 1100. Target for the stock would be 1350Sr No Mutual Fund Scheme Holding This Stock No Of Shares Holding 1 Reliance Diversified Power Sector Fund - Retail Plan (G) 2,351,662 2 Reliance Natural Resources Fund (G) 1,700,737 3 Reliance Vision Fund - Retail Plan (G) 907,569 4 Reliance Equity Fund - Retail Plan (G) 904,357 TV18 One need to give some time , it can climb to even 200Sr No Mutual Fund Scheme Holding This Stock No Of Shares Holding 1 Franklin India Prima Plus Fund (G) 2,251,539 2 Birla Sun Life Midcap Fund - Plan A (G) 1,082,435 3 Birla Sun Life Tax Relief 96 (G) 990,250 4 Birla Sun Life Tax Relief 96 (D) 990,250 One can hold Reliance Natural Resources, RNRL. It can climb to around Rs 100.Sr No Mutual Fund Scheme Holding This Stock No Of Shares Holding 1 Sundaram BNP Paribas Select Midcap - Regular Plan (G) 2,344,897 2 Sundaram BNP Paribas Select Thematic Energy Opportunities Funds (G) 1,324,392 3 Kotak Equity Arbitrage Fund (G) 1,237,296 4 UTI SPrEAD Fund (G) 1,012,008 Reliance Communications is a good place to buy and give time and space, the stock can climb to even Rs 350 levelsSr No Mutual Fund Scheme Holding This Stock No Of Shares Holding 1 Reliance Equity Fund - Retail Plan (G) 2,775,141 2 Reliance Growth Fund - Retail Plan (G) 2,488,827 3 SBI Magnum Contra Fund (G) 2,266,533 4 Reliance Vision Fund - Retail Plan (G) 2,226,516 Reliance Industries has a target of Rs 2200 in short term. It has strong support at around Rs 1950.Sr No Mutual Fund Scheme Holding This Stock No Of Shares Holding 1 ICICI Pru Infrastructure Fund - Retail Plan (G) 1,677,018 2 Reliance Natural Resources Fund (G) 1,405,769 3 SBI Magnum Tax Gain Scheme (G) 1,202,619 4 SBI Magnum Contra Fund (G) 1,047,088
Gaba says that the Indian markets have formed a base. The rally was strong. It consolidated in the narrow band and now the rally will get even stronger. The S&P 500 is showing a classical reversal pattern. Jitters in the Chinese markets will not impact the Indian markets. Reliance Industries can touch Rs 2,200 in the near term. If the rally continues it can also go up to Rs 2,400-2,600. He maintains target of Rs 885 and Rs 2,000 on ICICI Bank and SBI, respectively. He is bullish on the mid-cap and small-cap space and one could fetch 30-40% return in the near term.It was a surprise turn for the markets on Friday. Trade started off with much uncertainty but went on to spurt ahead later in the day. The markets continued to extend their gains and closed at fresh 2009 highs. Positive global cues and strong buying interest helped the markets extend their winning streak to seven straight sessions. It was the large-caps that proved to anchor the market taking it past 4700 and more importantly, keeping it there.
Pashupathi Advani, Advani OTC Dealers believes September would be an interesting month and sees the Nifty hitting the 5,000-mark. However, he does fear that rainfall would play havoc with the market sentimentPrakash Gaba, Technical Analyst too endorses a similar view saying that the Nifty could cross 5,000. "A close above 4,789 can take it to 5,154 levels." Similarly, on the Sensex, he feels that 16,046 is a strong support level and close above 17,249 will rally the markets further.
Today's recommended stock is IBN18 Broadcast Limited Formerly known as Global Broadcast News Ltd.
| Sr No | Scripts | Recommended Rate (INR) | Target Rate (INR) |
|---|---|---|---|
| 1 | IBN18 Broadcast Ltd | 110.25 | 165 |
Key benchmark indices extended gains for third day buoyed by strong global cues. The BSE 30-share Sensex gained 387.92 points or 2.55%, with shares from realty, metal and capital goods shares in forefront. Stocks across the globe surged with European and Asian stocks advancing to a 10-month high today, 24 August 2009. The US indices rallied on Friday, 21 August 2009 with the S&P 500 and the Nasdaq striking 10-month highs in intraday trade, while the Dow industrials hit its highest level in nine months.
The market breadth was strong on BSE with small and mid-cap stocks also participating in the rally. Today's advance was broad based with all BSE sectoral indices edging higher. Volatility may rise ahead of the expiry of the August 2009 series on Thursday, 28 August 2009.
European markets hit highest level since mid-October 2008 today, 24 August 2009 buoyed by renewed hopes that the global economic recovery is gathering pace. Key benchmark indices in UK, Germany and France were up by between 0.55% and 0.69%
Recommendations for this week. As market is in consolidation phase, so we strictly recommend to invest in small quantities.
| Sr No | Scripts | Recommended Rate (INR) | Target Rate (INR) |
|---|---|---|---|
| 1 | Man Industries (India) Ltd | 49.50 | 62 |
| 2 | Usha Martin Ltd | 52.10 | 66 |
| 3 | Jindal Stainless Ltd | 76.40 | 96 |
| 4 | Resurgere Mines & Minerals India Ltd | 79 | 99 |
| 5 | Ratnamani Metals & Tubes Ltd | 81.65 | 103 |
| 6 | Welspun Gujarat Stahl Rohre | 212.40 | 320 |
Have you missed on the recent stock recommendations ? Here is your another chance to jump back in the Indian stock market.
Check out these yet another successful Stock Recommendations. Following Shares were recommended on 10th of Aug 2009 , it jumped over 25% already in just 3 days.S NoScriptsRecommended DateRecommended Rate (INR)As On DateRate (INR)1.Sakthi Sugars ltd 10-Aug-0971.0613-Aug-0991.952.PBA Infrastructure Ltd 10-Aug-0958.0513-Aug-0972.85Are you one of them who invested based on this recommendations ? If yes, pls do post your comments about your experience so far and how much you have gained (Optional)If you haven't taken these recommendations seriously yet, don't wait any longer, enroll yourself in email updates below.
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