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With the markets once again in bull orbit, analysts give Moneycontrol strategies and their best picks.
With the markets once again in bull orbit, analysts give Moneycontrol their best picks going ahead and startegies on how should investors handle the markets.
Sumeet Rohra, Antique Stockbroking
Traders can look at Tata Motors, Bhel, Grasim and TCS
For the this week traders can look at Tata Motors , which in the short-term could reach Rs 570; Bhel could have a bit of an upside next week; Grasim at Rs 1280 levels it still has some upside; TCS looks good above Rs 1505, its difficult to give a call as it is in a new zone now.
Top picks
Hinduja TMT , IOC and HPCL are my top picks at current levels. HLL is a short-term trading bet at around current levels.
At two per cent below current levels HPCL, BPCL and IOC will be fantastic buys for medium to long-term investors. HPCL at around Rs 320 levels offers tremendous value; IOC at around Rs 485 would be a fantastic buyalong with BPCL at Rs 425 levels.
Book profits in auto stocks
As the pace of the rally was too fast investors should definitely book some profits at higher levels and stay in cash to enter into attractive picks in the times of corrections.
Investors can book some profits in the auto sector as they have run up very sharply. Maruti at around Rs 630; Bajaj Auto at around Rs 2100 and Hero Honda at around Rs 840-850 levels will be ripe for profit booking if investors had entered into the stocks a couple of weeks ago. They can become great buys if available at 8-10% cheaper from the above levels.
Sectors to exit and enter
Sectors that have run up sharply in the last three weeks should definitely be sold and sectors, which have corrected like the oil & gas should be entered. The rally in hotels stocks has just begun and they have a long way to go. I would re-emphasize that hotel stocks like IHC , Jaypee Hotels , EIH and Hotel Leela are very good buys at current levels or 1-2% lower.
Gaurang shah, Geojit Financial Services
Positive on Bajaj Auto, hero Honda, ICICI bank, and Federal Bank
The sectors one could watch out for here is automobile. In four-wheelers, I like Bajaj Auto; Hero Honda should do well; M&M should be sideways. In banks I am looking at SBI in the public sector and ICICI Bank , HDFC Bank in the private sector. I am also looking at Karur Vysya Bank and Federal Bank .
Look out for Wipro, Satyam, Infosys in the IT sector
In IT, Wipro has given a smart move so it should firm further. Infosys has to close above Rs 2745-2750 for an upward move to round about Rs 2875-2900. Satyam could have a support around Rs 630-645. We could see an upward movement in Satyam to round about Rs 675-685. In cement one could look at ACC , JP Associates .
Exit at higher levels and accumulate at lower levels
If one is looking at short-term positions then one could book profit at higher levels and then possibly wait for it to correct at the downside and then accumulate.
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Set email alert for BHEL Grasim TCS Hexa Tradex Hero Motocorp Maruti Suzuki Indian Hotels Bajaj Holdings Jaypee Hotels Mahindra Satyam Reliance ACC Finolex Cables GE Shipping Geometric India Cements Ambuja Cements Jaiprakash Asso Mah and Mah Federal Bank Infosys Karur Vysya Wipro HDFC Bank ICICI Bank SBI Hotel Leela EIH IOC HPCL HUL BPCL BPCL BPCL BPCL Sun Pharma Sun Pharma Sun Pharma Sun Pharma Sun Pharma Sun Pharma Sun Pharma Tags: Sumeet Rohra, Antique Stockbroking, Tata Motors, Bhel, Grasim, TCS, Hinduja TMT, IOC, Maruti, Bajaj Auto, Hero Honda, IHC, Jaypee Hotels, EIH, Hotel Leela, Gaurang shah, Geojit Financial Services, M&M, SBI, ICICI Bank, HDFC Bank, Karur Vysya Bank, Federal Bank, Wipro, Infosys, Satyam, ACC, JP Associates, Deven Choksey, K R Choksey, Reliance, Finolex Cables, Great Eastern, Gujarat Ambuja, India Cements, Salil Sharma, Technical analyst, Geometric Software
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