Sterlite Industries (India) Ltd
Recommendation -: Sell
CMP : Rs. 161.50 -15.00 (-8.50%)
Stock Views : As of now, the sentiment is negative over the counter on the Cairn acquisition and the Madras High Court verdict. There are better bets in the market today. 170 was a crucial support for the stock and it being broken the next support exists at 150.
Unitech Ltd
Recommendation -: Hold
CMP : Rs. 87.80 1.00 (1.15%)
Stock Views : It has underperformed the market. But some momentum is building in the counter. It has support at 65 and resistance at 100-114. The balance sheet has improved and the property market has improved. The overhang of the telecom licence has been a drag on the stock but it has the potential to catch up with its peers DLF and HDIL.
Recommendation -: Sell
CMP : Rs. 161.50 -15.00 (-8.50%)
Stock Views : As of now, the sentiment is negative over the counter on the Cairn acquisition and the Madras High Court verdict. There are better bets in the market today. 170 was a crucial support for the stock and it being broken the next support exists at 150.
Unitech Ltd
Recommendation -: Hold
CMP : Rs. 87.80 1.00 (1.15%)
Stock Views : It has underperformed the market. But some momentum is building in the counter. It has support at 65 and resistance at 100-114. The balance sheet has improved and the property market has improved. The overhang of the telecom licence has been a drag on the stock but it has the potential to catch up with its peers DLF and HDIL.
Intraday Calls For Tomorrow (30-Sept) :
Indiabulls Real Estate
Sell below Rs 170 for target of Rs 165-160 and stop loss of Rs 173.
Alstom Projects India
Sell below 800 for target of Rs 794-790 and stop loss of Rs 806.
Sell below Rs 170 for target of Rs 165-160 and stop loss of Rs 173.
Alstom Projects India
Sell below 800 for target of Rs 794-790 and stop loss of Rs 806.
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