Short Term Stocks

Short Term Stock: Buy Amtek Auto Ltd.(AMTEKAUTO), Target 156

by Bhaveek Patel

This stock has corrected more than 48% from its 52 week high and hit its 52 week low of 110.05 last Friday (10 Dec 2010). But at current levels we see this stock is very attractive as its a company having market cap at Rs.2500 crore. at current market price it is trading with P/E of 7 and book value of around Rs.180. Also its a good dividend paying company which has consistently given dividends .....

Short Term Stock: Buy Orbit Corp. Ltd.(ORBITCORP), Target 109.

by Bhaveek Patel

This stock has corrected more than 40% since the Housing loan scam. But at current levels this stock is going to attract buying into this counter. As per our analysis we see this stock trading at P/E around 11.3, Book value is at 74.25. Fundamentals of the company remains strong and healthy. The fact for buying this stock is, the assets of the company are worth more than the marketcap of the company at current .....

Short Term Stock: LIC HOUSING FIN., Can touch 1124

by Bhaveek Patel

This stock has fallen more than 18% yesterday and also today it is following yesterdays trend again down 5%. We see that the fundamentals don’t change in the stock as company has been continuously growing in past few years. Also the stock has been very bullish since April 2009, Looking this as a opportunity to buy this stock at huge discount. We will strongly recommend you to enter this stock near 1005 level for the .....

Stock to Buy for Muhurat Trading: Gitanjali Gem

by Bhaveek Patel

Gitanjali Gem is one of the largest Jewelers in India. We are highly bullish on this stock. One of the best stock to start your new year. So enter this stock near 300 to 305 for target 330 / 347. Keep stoploss near 289. We are sure this company has huge growth potential.

Short Term Stock: Buy YESBANK, For Target 398

by Bhaveek Patel

Yesbank has been very bullish stock since April, today the stock touched its new 52-week high of 378.80. As per trending move on daily chart we will strongly recommend to buy this stock for short term trading opportunity around 374 – 378, as this stock has broken above its 52-week high. Target for YESBANK comes at 398 / 418. Stop loss should be placed at 365. YESBANK is definitely a good buy with 10 to .....

Strong Breakout given by INDIABULLS, trading above resistance of 193

by Bhaveek Patel

Last Friday (22-Oct-2010) we saw strong run-up in the stock of Indiabulls Financial Services Limited with volume more than 11 million (11,959,242), This rally is a positive breakout and the stock must post further gains. This stock has seen strong resistance at 193 levels in the past but, the closing above this levels has opened the way for 234 and 252. A temporary overbought situation might keep this stock in range of 205 to 213, .....