Sell: Pantaloon Retail India

Stock: Pantaloon Retail India
CMP: Rs 274
Target: Rs 246 - short-term perspective
Stop Loss: Rs 288
Reason: Technical Analysis
Recommended By: Hindu BusinessLine

Day Trading Guide - 26th Sep 08

ICICI Bank

Desist trading in this counter for the session as the stock is in a sideways consolidation.

Infosys

A significant support for the stock is at the Rs 1,457-level. Buy the stock in dips with tight stop-loss at Rs 1,457.

L&T

The stock was volatile in the previous trading session and it formed a doji candlestick pattern, indicating neutral stance. Avoid trading in this counter for the day.

ONGC

Initiate fresh long position only if the counter exceeds the Rs 1,085-level, with stiff stop-loss.

Reliance Capital

The stock is trading in a narrow range bound. We retain our prior view of avoiding trading in this counter for the session.

Reliance Communications

We retain our buy recommendation in this counter.

Reliance Industries

Initiate fresh long-position if the stock surpasses Rs 2,060-level with close stop-loss.

Satyam Computer

Buy the stock in dips with stop-lose at Rs 305.

SBI

Fresh short-position can be initiated if the stock declines below the Rs 1,467-level with stiff stop-loss.

TCS

In the last trading session, the stock penetrated the support level of Rs 700 by declining 3 per cent. We re-affirm our sell recommendation


- Hindu BusinessLine

IFCI can go upto Rs 47-48

Stock: IFCI
CMP:Rs 40.50
Target: Rs 47-48
Recommended By: E Mathew

Punj Lloyd can touch Rs 350-360

E Mathew is of the view that above Rs 330, Punj Lloyd can touch Rs 350-360.
E Mathew told CNBC-TV18, "If one looks at a stock like Punj Lloyd, one would certainly realize that maybe the sell off has been overdone a bit too much. In fact I see an uptrend from around Rs 190-195 zone in it and if the stock now sustains above this Rs 328-330 which is a tough resistance zone, this uptrend could further surprise you on the upside subject to it crossing Rs 330 and staying above that we could easily see the stock like Punj Lloyd go to Rs 350-360."

Source: MoneyControl

Buy GMR Infra

Stock: GMR Infra
CMP: 89
Target: Rs 105-108
Recommended By: E Mathew

Accumulate Idea Cellular

Stock: Idea Cellular
CMP:Rs 79.50
Target: Rs 94
Recommended By: September 19, 2008 research report of Prabhudas Lilladher
Reason: " We initiate coverage on Idea cellular with an accumulate rating and a DCF based target price of Rs 94 (WACC=13%, Terminal growth rate=3%). Idea cellular is in the early stage of wireless coverage and at least 3-4 years away from attaining maturity. Further, new rollouts are currently gestation businesses (with around 10-12 quarters away from breaking even). Hence, we have used DCF as our prime tool to capture the true potential of the business,"

Accumulate Zee News

Stock: Zee News
CMP:Rs 43.50
Target: Rs 55
Recommended By: September 24, 2008 research report of Prabhudas Lilladher
Reason: "We expect the company to post 24% and 37% revenue and earnings CAGR, respectively in FY08-11E. The stock currently trades at 22.9x and 16.8x our FY09E and FY10E earnings estimates and remains one of the cheapest stocks in our broadcasting universe. We assume coverage on ZNL with a Accumulate rating and a target price of Rs 57,"