The benchmark index, BSE Sensex, opened negatively on Friday (Sep 05) at 14,569.01 after losing 330 points triggered by worldwide indications and lower oil.
For the week ended on August 23, inflationary data declined for the second time in a row to 12.34%, as compared to 12.40% during the previous week because of fall in the prices of primary goods.
Technical analyst E Mathew has suggested investors to purchase Alstom Projects India Ltd (APIL) stock on declines in order to achieve a short-tern target of Rs 430.
The investors can achieve the target within a period of 3-4 weeks, and the strict stop loss for the suggested counter should be Rs 376.
Technical analyst Ashwani Gujral has maintained ‘buy’ rating on Housing Development and Infrastructure Limited (HDIL) stock with a short term target of Rs 415.
According to him, interested investors can purchase the stock above Rs 308 with a strict stop loss of Rs 275.
Today (Sep 04), the company’s shares opened at Rs 323.90 on the Bombay Stock Exchange (BSE), as against its last closure at Rs 325.85 on Monday (Sep 02). Current EPS & P/E ratio stood at 55.38 and 5.62 respectively. The share price has seen a 52-week high of Rs 1116.96 and a low of Rs 254.67 on BSE.
Stock market analyst Ashwani Gujral has maintained ‘buy’ rating on Orbit Corporation Limited stock with a short term of Rs 380 in 3-4 weeks.
According to Mr. Gujral, interested investors can purchase the stock above Rs 280 with a strict stop loss of Rs 250. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 425 within the said time period.
Stock market analyst Vishwas Agarwal said that the stock market is in safety zone above 14,786 level for traders with a target of 15,350, 15,555 and 15,786.
Regarding NSG meeting on nuclear contract to be held on September 4 and 5, Mr. Vishwas said that if the contract goes through, then the previously said level of 15,786 will be accomplished easily.
Technical analyst Vishwas Agarwal stated that some trading action is possible, on Friday (August 29), on the Bombay Stock Exchange (BSE) above the 14,150 level, as inflation numbers for the week ended Aug 16, 2008, came below hope in a surprising manner.
He also said that the upbeat mood in the international markets will help some recovery of the stock markets.
after losing 330 points triggered by worldwide indications and lower oil. 
Ltd (APIL) stock on declines in order to achieve a short-tern target of Rs 430. 
and Infrastructure Limited (HDIL) stock with a short term target of Rs 415. 
Limited stock with a short term of Rs 380 in 3-4 weeks. 
14,786 level for traders with a target of 15,350, 15,555 and 15,786. 
(August 29), on the Bombay Stock Exchange (BSE) above the 14,150 level, as inflation numbers for the week ended Aug 16, 2008, came below hope in a surprising manner.
