Buy Calls
ING Vysya Bank – Short Term Buy Recommendation
We recommend a buy in the stock of ING Vysya Bank from a short-term perspective. After retracing 50 per cent Fibonacci retracement of its prior up move from March 2009 low of Rs 103 to November 2010 peak of Rs 443, the stock found support in the band between Rs 275 and Rs 285 on [...]
India Cements – Short Term Buy Recommendation
Investors with short-term perspective can consider buying the stock of India Cements. It is evident from the charts that its long-term trend has been down from its June 2009 peak of Rs 180. However, following a medium-term downtrend from this April high at Rs 105, the stock found support at around Rs 62 in early [...]
Medium Term Buy Recommendation Tata Motors-DVR (Differential Voting Rights)
Investors with medium-term perspective can consider buying the stock of Tata Motors-DVR (Differential Voting Rights) closed at Rs 95.9. Ever since registering an all-time high at Rs 188 (stock split adjusted) in November 2010, the stock has been on an intermediate-term downtrend. In this July, the stock encountered resistance at Rs 120 and started to [...]
Short Term Buy Recommendation – Aptech
We recommend a buy in the stock of Aptech from a short-term perspective. It is apparent from the charts of the stock that after taking support from a significant base level at around Rs 86 in late June this year, Aptech started to move higher. Since then, the stock has been on a medium-term uptrend. [...]
Short Term Buy Recommendation – Jaypee Infratech
We recommend a ‘buy’ in the stock of Jaypee Infratech from a short-term perspective. The stock zoomed 12 per cent in Wednesday’s session on high volume. This move has also made the stock move beyond the short-term resistance at Rs 45. The stock has been in a vicious downtrend since last October, etching lower peaks [...]
Buy Techno Electric – Target 260
CMP: Rs 199 Target: Rs 260 Techno Electric and Engineering Company is a power EPC company, operating across the value chain, viz, generation, transmission and distribution over the past 4-5 decades. TEEC’s strong relation with clients, ability to work on customer advances and prudent execution capability has allowed it to operate on low working capital [...]
Buy Bajaj Corp – Target 155
CMP: Rs 126 Target: Rs 155 Following a management meet, we have a positive take-away on Bajaj Corp. The company has sustained the strong performance by its current range of hair oils. Margins are expected to further benefit from the fall in raw material prices and possible price hikes. Going forward, the company targets inorganic [...]
