Technical analyst V.K. Sharma has suggested that day traders can purchase Nagarjuna Fertilizers stock around Rs 39.05 with a strict stop loss of Rs 37.50. The target for the day is Rs 45.
Mr. Sharma also said that the next target for the day is above Rs 48, if the stock markets remain on positive track.
On Friday (1 Feb), the share closed at Rs 39.05 on BSE. The stock of the company has touched 52-week high of Rs 89 and low of Rs 11.8 on BSE.
Technical analyst, Rajat K Bose has suggested that day traders can purchase Hind Unilever stock with a stop loss below of Rs 203. The intraday target for the day is Rs 215.
Mr. Bose said that the stock valuation will become more attractive in today’s session, if the stock market saw more buying activity. The next target for the day is above Rs 220.
The stock has touched a 52-week high of Rs 244.1 and low of Rs 166. Yesterday (29 Jan), the stock closed at Rs 207.25 on BSE.
Stock market analyst Rajat K Bose has suggested investors to sell HMT stock as there are full chances of a downward trend in this stock.
Mr. Bose said that if the stock fell below Rs 92, it may see more weakness. So the investors must sell the stock with a stop loss above Rs 108.90 for targets of Rs 96 and Rs 92.
The stock traded in a strong manner on Friday (25 Jan), and marked its closure at Rs 104.70 on BSE. The stock has seen a 52-week high of Rs 163.5 and a low of Rs 50 on BSE.
Technical analyst, E Mathew has suggested investors to purchase Oriental Bank of Commerce (OBC) on declines with a stop loss of Rs 250 for a short-term target of Rs 320.
Today, OBC stock opened positively at Rs 275 as against its previous close at Rs 272.80 on BSE. Current P/E and EPS are 8.32 and 31.83 respectively. The stock has touched a 52-week high of Rs 321 and low of Rs 156.5.
It looks that it offers good returns in the coming days, as it (OBC) is going to announce the Q3 results on January 30, 2008.
Stock market analyst Ashwani Gujral is of the view that the stock of Aban Offshore can be purchased with a stop loss of Rs 3440 for a short-term target of Rs 4500.
If stock markets remain positive, the investors can achieve the said target within a period of 5-6 weeks. The stock, on Friday, closed at Rs 3765.50 on the Bombay Stock Exchange (BSE).
The stock of the company has touched 52-week high of Rs 5555 and a low of Rs 1527.7 on BSE.
Friday was the day of total strength for the Indian stock markets. The bulls were back with vengeance they not only overturned Thursday’s losses but appended extra weight to end near the highest point of the day. Sensex added more than 1150 points and Nifty closed with gains of about 350 points. It was the biggest single day absolute gain for Sensex.
Technical Analyst Ashwani Gujral is positive on Syndicate Bank.
Technical analyst, Rajesh Agarwal has suggested investors to buy GMR Infrastructure on dips.
Technical Analyst, Rajat K Bose is of the view that one can buy Sterlite Industries around Rs 700 to achieve a short term target of Rs 780.
As of now, if investors are looking at the short term trend, definitely metal stocks are looking pretty horrible. In fact the kind of hammering they have got, immediately trying to buy them would be catching a falling knife kind of a situation.
Anil Manghnani of Modern Shares & Stock Brokers said that Bongaigaon Refineries stock has good support at Rs 70.
Mr. Anil feels that above Rs 70, Bongaigaon Refineries can touch Rs 83-85.
After analyzing the growth charts of ICICI Bank, Hitendra Vasudeo of stockmechanics.com has suggested investors to sell ICICI Bank stock as there are full chances of a downward trend in this stock.
ICICI Bank stock has been trading weak from last few days. Presently (12:16 pm), the stock is trading 3.31% down at Rs 1204.20 on BSE. So, it is really unfavorable to hold the stock at this time, as it is going down and down.
Mr. Vasudeo said that investors can sell ICICI stock below Rs 1189 with a stop loss of Rs 1228 for target that lies between Rs 1143 – 1059.