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 Punj Lyod
Punj Lloyd provides services to develop infrastructure for a host of industries. It lays down pipelines, tanks and terminals, refineries, power and civil infrastructure projects etc. The company had tough period in later half of FY2009. As global sentiments have turned positive, better performance is expected in FY10. It is likely to report a consolidated EPS of Rs.20/Share. At CMP Rs.255, it trades at 12.6 PE on forward earnings. Investors may BUY in range of Rs.245- 255 for a target of Rs.300 i.e. about 15PE on FY 10 estimates. I would advise all of you to stay long on this stock with a stoploss of 250 and for a very short term price target of 300 plus may be by Friday.
Technical call
Buy Ifci
Ifci has made a smart move on Friday by gaining 11 percent in intrday. It is trading above the psychological mark since it’s a weekend closing, weekly closing for the stock and its closing at new highs for the upmove. So momentum should be good for the stock, I have seen intraday excellent addition in the open interest; Rs 70 is the short-term target we are looking for the stock. I would advise all of you to sstay long on this stock with a stoploss of 55.
Buy Suzlon Energy
Suzlon has finally managed to close above the 100 levels on Friday. Fresh long postion have benn build up in this stock and it is looking quiet strong on charts and may give a break out any time. I would advise to stay long on this stock for a first price target of 110 and a second price target of 122.
Levels For Nifty
I expect a gap up opening for nifty. The support levels are 4700 and 4731 and the support levels are 4650 and 4602.
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.
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