Currentopics.com
Market Guru
Full Name : Nitin Gupta
Designation: Managing Director
Company Name: Gupta Consultancy Services
Experience in stock market: 9 years
Company Profile: Portfolio management Services
Today’s Call
Buy Rolta
The company’s future prospects are becoming brighter with the various orders in hand and improving yearly and quarterly performance. Presently, the company is running at a P/B multiple of 2.02x to it’s FY09 book value of Rs.88.42 while the P/E multiple of the company is running at 9.77x to its FY09 EPS of Rs.18.25. However, the industry is running at a P/E multiple of 19.30x which leaves the stock with a significant upside potential. I recommend a strong buy on this stock with a short term target of 220 by maintaing a stoploss of 170.
Buy Cairn India
The stock is testing a key resistance above the current level and it has seen volume expansion in the past week. If it closes above rs 265 it has the potential to go till 290 to 300. Keep a stop loss of 255 and go long . Increse the position above 265 and book profits above 290. One can even take the long positions in the options segment by taking up the call options of 270 and 280 strike price.
Buy Praj Industries
The stock has seen a massive volume expansion coupled to the completion of a bullish breakout. It has a potential target in the range of 115 to 120. Keepa stoploss of 99 and go long. The stock may face a major hurdle at 108. One can increase the above the levels of 108.
Levels for Nifty
Nifty has finally managed to close above the support levels of 4650. I expect the market to open on a flat note on Tuesday.the support levels for nifty are 4650 and 4600. The major hurdles will be 4700 and 4744. I expect the nifty to cross the 4850 mark this week.
Nitin Gupta @ 09867427824
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Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.
Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.













