21st Oct'09: More trading calls for today

21st Oct'09: More trading calls for today

Mumbai : India | Oct 20, 2009 at 9:04 PM PDT
Views: Pending

Additional Indian equity market trading calls for today: 9:30 a.m.

Scrip: AREVA

Price: 329

Target 1: 336

Target 2: 341

Recommendation: Buy

Stoploss: 322

The company was in the news recently for:

- Consolidation of its leadership

- Announcement of its Q3 Results

- Securing of power supply systems

- New order powers recovery in Areva T&D

More long positions can be taken in:

- Renuka Sugar -

- Balrampur Chini - target 152, stop loss, 120

- SBI - target 2700, stoploss 2420

- Tatasteel - 590, stop loss 530

- DLF - Target 510

- HDIL - Target 416, 420

- Hero Honda - Target 1784

Short calls:

- Sunpharma - Sell 1400 levels, buy 1310

The next few years imply the biggest boom in the infrastructure space. Buy cement shares in the next two quarters on the dips. Besides, yesterday IT has bounced back. Long positions can be taken in HCLTech and TCS.

Arrnica Dayannandan is based in Mumbai, Maharashtra, India, and is an Anchor on Allvoices.
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News Stories

  • Hero Honda: Input costs, rivals may pose a challenge

      The Economic Times
    Oct 2009, 0515 hrs IST, Krishna Kant, ET Bureau Text: Hero Honda results on Wednesday provided another confirmation of the sweet spot in which auto companies find themselves right now. The country’s largest two-wheeler maker doubled its net profit...
  • Hero honda beats markets with 95% profit jump

      The Hindustan Times
    The country's largest two wheeler manufacturer Hero Honda today posted a better than expected 95 per cent jump in net profit for the July-September quarter at Rs 597.14 crore compared to Rs 306.3 crore last year. Its net sales also grew 22.8 per cent...

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