Buy 3i Infotech with a 7-10 day target of Rs 30 and stop loss of Rs 26.3, says Kunal Saraogi, technical analyst, on CNBC Awaaz.

Buy 3i Infotech with a 7-10 day target of Rs 30 and stop loss of Rs 26.3, says Kunal Saraogi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 27.50, up 2% on the BSE. Share Market India: | Home3i infotech share news from analysttarget for 3iinfotec

Srivastava`s view on ONGC

Srivastava told CNBC TV18, “ONGC has done well but again where is the return for an equity investor at this point of time. Tomorrow we have huge subsidy burden, nothing stops. It may not happen from the government to pull up its balance sheet and say this share is a burden. So the uncertainty of [...]

Srivastava`s view on Reliance

Srivastava told CNBC TV18, “I won’t buy Reliance and L&T. The reason is simple if you have limited capital which most of us have you would rather go for stocks where either there is safety or there is an expectation of a super return in a volatile environment like this. We are talking about 3-4-5-6% [...]

Sell IOB; target of Rs 125-120: Aditya Birla Money

Indian Overseas Bank (IOB) has been rising in a well defined upward moving channel since its lows of 110 in early Feb 2011. With the fall of last two days prices have breached the rising channel indicating that the short term trend has now turned negative. Strong resistance at Rs 155-160 is also evident with [...]

Buy DLF at current level: Srivastava

Srivastava told CNBC TV18, “The problem with real estate is that there is only one stock you can buy in the market which is DLF. By and large that’s a pure play now. Real estate stock with a reasonable amount of safety in terms of at least performance and governance, if I were to say [...]

Sell Mahindra and Mahindra: Aditya Birla Money

Mahindra and Mahindra, prices are trading on a weak note and have comfortably breached the support of the rising channel and the pivot near Rs 703 in the last few sessions. The 14-day RSI is trending down and is below the equilibrium while the MACD (12/26/9) is well below its signal line. However prices have [...]

Accumulate Sterlite Industries on corrections: Srivastava

Accumulate Sterlite Industries on corrections, says Ajay Srivastava, CEO, Dimensions Consulting.Srivastava told CNBC TV18, “Certainly in ferrous metals, there is no way we are going to look at anything for sometime to come. In the non-ferrous segment maybe a Sterlite kind of stock with a deep correction, certainly accumulate in the stock. But ferrous, no [...]

Buy HDFC; target of Rs 675: IIFL

HDFC has seen significant correction in past few trading session with prices currently hovering near the 61.8% Fibonacci support levels. The support trend line extended from the trough of 9th February 2011 is placed Rs 660 and although prices have penetrated the support line but the volumes was lower. This raises the probability of the [...]

Short Yes Bank: Badkar

Badkar told CNBC TV18, “Bank Nifty, we have seen a very decent built-up on the open interest with the clear short buys and which is what exactly I think can happen is that this extra short that has come in over the last few days, you may just get a pullback. But again that pullback, [...]

Buy Lupin; target of Rs 446: IIFL

Lupin on the daily chart has retreated from the resistance level of Rs 446 this week, however volumes failed to expand during declines which reinforces positive trend in the indicator. In yesterday’s session, the decline got arrested around its 200-DMA, resulting in a 2% rally. Moreover, the stock also closed above its 100- DMA, we [...]

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