SHORT-TERM TRADING TIPS - Buy Bajaj Auto; target of Rs 1482/1500: Aditya Birla Money

Aditya Birla Money is bullish on Bajaj Auto and has recommended buy rating on the stock with a target of Rs 1482/1500 in its April 15, 2011 research report.

“Bajaj Auto, prices are in a short-term down trend from the recent high of Rs 1482 however have given a decent bounce back after testing the 55-day EMA in Wednesday’s session. However the intermediate-term trend (from February lows) is still up and historically any pull back within the same seems to be getting good support at the said moving average.”

“The 14-day RSI is hovering near the equilibrium while the very short-term Stochastic (5/3/3) has just made a bullish crossover near the oversold territory. Hence a break above immediate resistance near Rs 1410 could signal a turn around and keep the sentiment positive towards prior swing high of Rs 1482 and higher subsequently. Only an early close below the support zone of Rs 1363/1351 would turn the overall sentiment weak negating the upside potential. Buy Bajaj Auto initially above Rs 1410 and then on any dips to Rs 1400, with a target of Rs 1482/1500 and closing stop of Rs 1363,” says Aditya Birla Money research report.

SHORT-TERM TRADING TIPS - Zee Entertainment : Buy

HINDU BUSINESSLINE recommend a buy in the stock of Zee Entertainment from a short-term perspective. The stock is in a medium-term uptrend since the January-18 low of Rs 106. It is also moving higher forming higher peaks and troughs since then. The stock took support from this medium-term uptrend line on Monday and reversed higher. The bullish engulfing candle formed in the daily chart is encouraging.

The stock also took support from its 21-day moving average in the last session and moved higher. The moving average convergence divergence oscillator in the weekly chart is signalling a buy while the 14-week relative strength index is in the neutral zone on the verge of moving in to bullish zone.

The near-term outlook for the stock is bullish, and it has the potential to move up to Rs 129 or Rs 132 in the upcoming sessions. Short-term traders can, therefore, buy the stock with stop at Rs 125.

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SHORT-TERM TRADING TIPS: BUY BANK OF INDIA @ TARGET OF RS.505

IIFL is bullish on Bank of India (BOI) and has recommended buy rating on the stock with a target of Rs 505 in its April 5, 2011 research report.

Last week Bank of India crossed critical hurdle of Rs 470-472 and has been able to sustain above same for third consecutive trading session. Daily chart shows that the stock has broken out from Ascending triangle and manage to close above in positive terrain for third trading day. RSI on the weekly chart has also given positive crossover after moving in a rounding bottom pattern. Based on above mentioned technical parameters, we recommend traders to buy the stock above Rs 489 with stop loss of Rs 483 for target of Rs 505,” says IIFL research report.

STOCK TRADING TIPS: Buy Maruti Suzuki; target of Rs 1547

KRChoksey is bullish on Maruti Suzuki India and has recommended buy rating on the stock with a target of Rs 1547 in its April 1, 2011 research report.

“Maruti Suzuki India Limited (MSIL, formerly Maruti Udyog Limited), a subsidiary of Suzuki Motor Corporation of Japan, is India's largest passenger car company, accounting for majority of the domestic car market.”

“Maruti continues to hold dominant position in the passenger car segment with a 51% market share. We expect Maruti to maintain its domestic market leadership in passenger cars, especially in small and compact cars on the back of its strong product mix, efficient marketing strategies & widespread distribution network. With increased focus on export markets would lead to additional volumes in the coming years. Also with recovery in European markets auto demand is set to improve in the next 2-3 years. Maruti’s key export markets are Algeria, Indonesia, Egypt & Sri lanka and company has been ahead of its peers in increasing the capacities to meet the rising domestic & export demand.”

“Maruti Suzuki launched its priciest offering in the sedan segment in India, Kizashi, in the month of February. Also it plans to come out with refreshes of its current models. It is expected to launch a variant of the Swift sometime around diwali with several other products in the pipeline. MSIL has been one of the most aggressive companies in terms of new product launches. The company expects the demand momentum to continue and expects the demand for its products to grow by 15% in the next financial year. The company also says that it is prepared for the increase in demand since its Manesar facility will be operational by start of FY12 taking the total production to 1.4 million units/annum. Also the third plant is expected to be operational by H2 of FY12 which will take the overall production to 1.7 million units/annum.”

“Despite recording highest ever sales during the current quarter the company’s profit degrew by 18% y-o-y on the back of rising input costs. We expect margins to remain under pressure as commodity prices continue their upward trend. But the additional capacity expansion taken by the company will cater to increasing demand, thus reducing waiting period for its products and increasing overall volumes. At the CMP of R 1276, Maruti Suzuki is trading at 15.3x its FY11E EPS of R 82 and at 12.9x its FY12E EPS of R 97, we recommend “BUY” on the stock with target price of Rs 1547,” says KRChoksey research report.

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SHORT-TERM TRADING TIPS: BUY: Kalpataru Power (Rs 126.9)

Investors with short-term perspective can consider buying the stock of Kalpataru Power Transmission. It is seen from the charts of the stock that after peaking out at Rs 250 in January 2010, it has been on an intermediate-term downtrend. The stock's short-term downtrend that was in place from its January 2011 peak of Rs 174 came to an halt finding support at its longer-term support level of Rs 110 in mid of March. The stock, however, changed its direction triggered by positive divergence in daily relative strength index and moving average convergence divergence.

On March 24, the stock penetrated its short-term down trend-line and 21-day moving average by jumping four per cent with good volume. Reinforcing the stock's bullish momentum, it increased four per cent on Tuesday. The 14-day RSI is on the verge of entering in to the bullish zone and weekly RSI is on the brink of entering the neutral region from the bearish zone. The daily MACD is steadily inching higher towards the positive territory. Daily price rate of change indicator is featuring in the positive zone indicating buying interest.

We are bullish on the stock from a short-term perspective. We expect it to move higher until it reaches our price target of Rs 131 or Rs 135 in the upcoming trading sessions. Short-term traders can buy the stock with stop-loss at Rs 123 levels.
SOURCE: BUSINESSLINE

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SHORT-TERM TRADING TIPS 4 ALL - BUY Unichem Laboratories(Rs 195.60)

We recommend a buy in the stock of Unichem Laboratories from a short-term perspective. It is apparent from the charts of the stock that following a medium-term downtrend, the stock took support from its intermediate-term support level of Rs 170 in early March and bounced up. This move was also triggered by positive divergence shown in daily relative strength index as well as moving average convergence divergence indicator.

On Monday, the stock jumped 7.4 per cent with an upward gap and good volumes, breaching its 50-day moving average. Moreover, the stock's long-term uptrend that commenced in early 2009 low of Rs 52 is in tact and the stock appears to have resumed this trend. The daily RSI has entered into the bullish zone from the neutral region and weekly RSI is inching higher in the neutral region.

Daily rate of change indicator is featuring in the positive territory signalling buying interest. We are bullish on the stock from a short-term horizon. We anticipate its current rally to prolong until it hits our price target of Rs 201 or Rs 207 in the ensuing trading sessions. Traders with short-term perspective can consider buying the stock with stop-loss at Rs 190.

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