Buy Aarti Industries with stop loss of Rs 46 for a target of Rs 56
Buy Unichem Lab with stop loss of Rs 358 for targets of Rs 385-Rs 400
SHORT SELL Hindustan Unilever Stop Loss 238 Target 207
SHORT SELL Balrampur Chini Mills Stop Loss 100 Target 87
US markets ended flat in the absence of any economic data. Nasdaq hits fresh 52-week high. Dow Jones ended up 3 points at 10567, Nasdaq ended up 18 points at 2359 and S&P 500 ended up 5 points at 1145.6. US Bank Index was up 2.2% amid talks that Senate Democrats will propose to expand the Volker Rule with new limits on proprietary trading by banks and nonbank financial firms. Dow Futures were flat.
Asian markets opened marginally in the green. Nikkei 225 was up 0.9% (GDP data released), Hang Seng, Taiwan Weighted, Shanghai Composite, Kospi, Straits Times were up 0.3%. In Europe, CAC was up 0.8%, DAX was up 0.86% and FTSE was up 0.68%. CBOE VIX was up 3.6% at 18.57. SGX Nifty was up 0.2%.
Global News:
Japan’s GDP rose at an annual 3.8% in Q4, slower than preliminary estimate of 4.6%. Bank of Korea keeps benchmark rate unchanged at 2%. There are talks that Brazil-based Vale is seeking to raise iron-ore prices.
Global Movers & Shakers:
Citigroup was up 3.6% after the company issued a $ 2 billion preferred offering at $ 25 and yield of 8.5%. Citigroup has gained over 15% in the past five days. Fifth Third was up 2.7%, PNC was up 2.15%, SunTrust was up 2.6%, Comerica was up 2.2% on talks that Barclays is considering buying a U.S. retail bank. In Tech stocks, Broadcom was up 3.8%, Google was up 3% and Intel was up 1.3%.
US Economic News:
Wholesale inventories for January stood down 0.2% against expected increase of 0.2%. Treasury’s budget estimated deficit stood at $ 220.9 billion, in line with $ 222 billion consensus.
Commodities:
CRB Commodity Index was down 0.6% at 274.6. Gold was down 1.3% at $ 1108.2/ounce. Oil was up 0.7% at $ 82.09/bbl, hit $ 83 during the day on back of smaller-than-expected inventory build of 1.43 bn bbls. Baltic Dry Index rose 0.6%.
Buy Havells India with stop loss of Rs 530 for targets of Rs 580-Rs 600
Buy REC with stop loss of Rs 230 for targets of Rs 251-Rs 260
BUY Indiabulls Real Estate Stop Loss 169 Target 189
BUY Bata India Stop Loss 235 Target 264
Buy Sintex Industries around Rs 270.30-275.10, stop loss Rs 268, book profit at Rs 282.20-294.10
Sell MphasiS around Rs 662-654, stop loss Rs 665, cover short at Rs 643-624
BUY S Kumars Nationwide Stop Loss 48 Target 57
BUY Mcleod Russel India Stop Loss 238 Target 263
Buy HDFC around Rs 2612.30-2639.70, stop loss Rs 2592, book profit at Rs 2687.30-2762.30
Sell Pantaloon Retail around Rs 394.60-389.30, stop loss Rs 398, cover short at Rs 380.90-367.20
Sell Dhampur Sugar with stop loss of Rs 103 for a target of Rs 90
Sell Bajaj Hindustan with stop loss of Rs 167 for a target of Rs 150
SHORT SELL Unitech Stop Loss 78 Target 69
SHORT SELL Indian Hotels Stop Loss 96 Target 84
SHORT SELL Jaiprakash Associates Stop Loss 148 Target 132
SHORT SELL Hindalco Industries Stop Loss 167 Target 148
Buy Prakash Industries around Rs 224.60-232.20, stop loss Rs 220, book profit at Rs 244.50-264.40
Buy Bombay Dyeing with stop loss of Rs 554 for targets of Rs 615-Rs 635
BUY Lanco Infratech Stop Loss 49 Target 57
BUY Essar Oil Stop Loss 143 Target 159
Buy India Bull Real Estate with stop loss of Rs 169 for a target of Rs 190
Buy Sobha Developers with stop of Rs 265 for targets of Rs 295-Rs 305
BUY Cairn India Stop Loss 261 Target 286
BUY Unitech Stop Loss 73 Target 85
BUY Suzlon Energy Stop Loss 73 Target 88
BUY IFCI Stop Loss 51 Target 59
Buy JK Tyre with stop loss of Rs 182 for a target of Rs 230
BUY Fortis Healthcare Limited Stop Loss 166 Target 186
Buy Omax Autos with stop loss of Rs 51 for targets of Rs 64-Rs 70
Buy Exide Industries with stop loss of Rs 105 for targets of Rs 119-Rs 125
BUY Jaiprakash Associates Stop Loss 141 Target 163
BUY DLF Stop Loss 292 Target 318
Sell Shree Renuka Sugars around Rs 167.70-164, stop loss Rs 170, cover short at Rs 158.20-148.60
BUY IDBI Bank Stop Loss 116 Target 133
Buy Wipro stop loss of Rs 675 for a target of Rs 750
BUY Maruti Suzuki Stop Loss 1472 Target 1548
For More Tips
Buy Yes Bank with stop loss Rs 218 for targets of Rs 247-Rs 262
Buy IDFC with stop loss Rs 153 for targets of Rs 163 -Rs 179
BUY Alok Industries Stop Loss 22 Target 27
BUY Dena Bank Stop Loss 77 Target 88
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