Stock Recommendations - Sell JP Associates

Jaiprakash Associates Ltd. remains a short sell. It is recommended to sell at current level for looking a price target of Rs. 48. And I don’t think it is going to be a buy for a long time now. So, rather than buy, you can sell it on a rally and wait patiently for the target.

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ICICI Bank Remains Sell : Short Term Trend Is Down

ICICI Bank was a relative outperformer in the banking sector. From Rs 760 it went all the way to Rs 980 in the recent uptrend. So, it was a significant outperformer, even within the banking sector. But something has happened drastically in this stock. ICICI Bank has been falling almost consistently day after day. In five days, it has lost a lot of its gains.

For ICICI Bank short term trend is clearly down. So, for traders, ICICI Bank remains a sell. We must understand that at some point you should cover your short positions, if you have them because it is a relatively better bank. So, this is a very small short position that you should carry.

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Free Stock Views and Recommendation

Nagarjuna Fertilizers & Chemicals Ltd (Hold)
Rs. 32.40 -0.35 (-1.07%)
The stock is trading below its 200-day moving average (DMA) which is at 37. This is a sign of weakness. Hold with a stop loss of 28. Traders are suggested to buy on dips.

Shoppers Stop Ltd. (Buy)
Rs. 433.30 34.40 (8.62%)
Shoppers Stop is a better retail stock. You can buy it with a stop loss of about 375-380 and maybe it is good for levels of 460.

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Keep Holding Bajaj Finserv For Few Months

Bajaj Finserv Ltd. has been a very good stock and trading well these days. But here I am not recommending it as an intraday trading, I think so but you have to understand that this is a stock to hold for a few months at least, so for anyone who is looking to buy this share now must be prepared to hold it for a few months and then see a target of Rs 650, that's quite impressive at current market prices.

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Best Stocks To Buy, Stock Recommendation

Timex Group India Ltd. is the stock which is headed towards its all-time highs, which are around 75. Currently this stock is trading at 43, and out here, we have a stop or rather a support around 35 and if it is able to get level of 50, it is possible we could even see levels of 70. This is a good small cap stock that people could buy and hope to make money once the market turns.

BEST STOCKS TO BUY  GET HERE

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Market Performance For The Week

Overall it was a positive week with moderate gains in Indian stock Markets, where realty and banking sectors provided support to the both indices Nifty and Sensex.

Market performances for this week are following: 

• The Sensex gained 0.6%, and 
• The Nifty closed with 0.7% gain. 
• The CNX midcap index gained 1.5%, and 
• BSE Realty gained 2.05%, 
• BSE Metal lost 0.6%, while 
• BSE Bankex gained 0.5% over the week.

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Stock Recommendations, Best Stocks To Buy

Havells India Ltd (Buy)
CMP : 409.40

It is a good mid-cap momentum play. Restructuring benefits will help the company and ECD is likely to drive revenues. Buy it for mid-term period with target of Rs 480.

Ipca Laboratories Ltd (Buy)
CMP : 333.35
The company reported 40 per cent growth in revenues and 66 per cent growth in profits. Domestic business has been soft but that has been made up by export formulation side that contributed over 70 per cent to the revenues. Buy it for target of Rs 415.

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Best Stocks To Trade : Stock Recommendation

Punj Lloyd :
I am not keen on Punj Lloyd, it was in a bear market. Now a lot of stocks maybe coming out but as stock that was in a deep downtrend should not be touched.

Res 3 : 81.57  ||   Sup 3 : 63.07
Res 2 : 80.30  ||   Sup 2 : 62.58
Res 1 : 77.85  ||   Sup 1 : 61.10
Trend : Bearish

Mundra Port :

Mundra Port is a much better stock. It was in a trading range it is now coming out of it moving up and it is probably a long term buying opportunity at current levels.

Res 3 : 161.40  ||   Sup 3 : 134.60
Res 2 : 158.50  ||   Sup 2 : 138.70
Res 1 : 154.30  ||   Sup 1 : 143.30
Trend : Bullish

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IT Sector Looks Bullish : Wipro May Outperform Infosys & TCS

The stock Hexaware has been my favorite earlier but on the current charts all the large cap stocks are suggesting that the declines are not yet over. It is likely  expected that we may seen a very enjoyable relief rally in IT Sectors but that is up-to it.

I do not know whether you can  buy now at current levels and then make money 15 days later. WIPRO LTD. is the only stock which offers some promise of an appreciation in the next few days. By looking at Wipro's chart  I suggest that it is likely to outperform Infosys as well as TCS.

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Stocks To Buy For Mid term : Stock Recommendations

MphasiS Ltd.

Recommendation: Buy
Market Price: Rs 677.25
Target Price: Rs 750
Stoploss: 628

MphasiS has been sprucing up sales force under the direct channel to boost revenues through new client relationships. The company is seeking inorganic growth opportunities, backed by a strong cash balance of Rs 1,639.5 crore. At CMP, MphasiS is trading at 13.3x P/E FY2011E with RoE of 31%.

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