Indian stock market calls-Nitin Gupta(27/Oct/09)

Categorized | Featured, sensex

Indian stock market calls-Nitin Gupta(27/Oct/09)

Posted on 26 October 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

Buy TCS

Post results if you have seen it that a lot of portfolio balancing in the mutual fund and the FII sector might be taking place in favour of TCS over Infosys. Although Infosys will remain a key component in their portfolio, the valuation gap that we have seen in Infosys trades around a PE of 22 versus TCS at around 20 might narrow going down into the future. So I would say buy TCS and sell Infosys at regular intervals. Might be good strategy and yield results to the tune of 7-8% irrespective of whether the market is because you are not net long the sector anywhere. I would strongly recomeend to buy tcs in delivery for a price target of 700 plus in near future.

Buy Vinati Organics

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Vinati Organics has gone through a hard grind, survived and now is on a roll to ride the upside. The stock is trading at a P/E of 7.8x FY10E and 4.4x FY11E. The company deserves better valuation considering high growth, niche products and the improving profile of the company due to higher contribution of ATBS. One can take a target price of Rs 375 in short term. In case the company does succeed with PAP (for the manufacture of paracetamol), the fortunes of the company will improve further, buy the stock.

Buy HCL Tech

This is a pure technical call. I would recommend to buy hcl tech October futures at opening bell by keeping a stoploss of 324 and for a price target of 345 in a day or two.

Levels for Nifty

Nifty will give a gap up opening today,The major hurdles are 5014 and 5050 and the support levels are 4928 and 4900.

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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.