Categorized | Featured, sensex

Indian stock market calls-Nitin Gupta(03/Sep/09)

Posted on 02 September 2009 by Anubhav Arya

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

Repeated Multibagger Call: Aban Offshore

Although there is some amount of profit booking happening in the stock since last two days but it has maintained a level of 1500. Let us not forget that it is proved to be a multibagger in the last five-six months. I would say that Rs 1,500 is a level to watch out for. As long as the stock can maintain its head above Rs 1,500 levels, I won’t get too bothered with a dip of Rs 30-50 intraday. But if it maintains above Rs 1,500 levels, I think it is headed all the way upto Rs 2,200-2,400. Buy this stock in truck load and start minting money.

Medium Term Delivery Call: Torrent Pharma

The stock is currently quoting at 9x FY2010E and 7.7x FY2011E. In lieu of the current re-rating in the stock we upgrade our multiple from 8.1 x to 10 x We revise our price target upwards by 29% to Rs 370 based on 10x FY2011E. I would maintain a medium term buy call on this stock.

Buy Mahindra Satyam:target 150 plus

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Mahindra Satyam happens to be a stock which is there on my pick. We have seen this gradually move up from Rs 106 odd levels to Rs 120 levels in the last couple of days. It’s staying above that Rs 120 odd levels, which is showing that it’s on a breakout above Rs 116. Short-term targets will continue to be closer to about Rs 133 odd levels and I would say the stoploss should be above Rs 120-119.5. But in the longer-term I am picking charts which are showing much long-term pattern rather than just a trading pattern for the short-term. So this is a breakout target, probably the longer period targets would be closer to Rs 145-150. So on any dip if it opens weak today or closer to Rs 120; it makes a good buying opportunity into this stock.

Levels for Nifty

I expect the nifty ti open flat. The kep support levels are 4580 and it will face a major hurdle at 4650 before going back to 4700. I would advise all of you to stay long.

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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.