Nifty slips and shaved most of the previous week's gain on the first trading day of the week. The negative global cues and selling pressure at higher levels marked the previous upswing as a probable retest of resistance post breakdown and hence the downward momentum continued.

Indian markets have declined after Union Budget. Many stocks have declined and are available at good valuations for medium to long term investors. Investors can check some stocks recommendations, mainly based on technical analysis by CapitalAim.

Stock Recommendations By CapitalAim....

DABUR : BUY| Above : Rs 441| Target: Rs 459| Stop loss: Rs 423|

DABUR is sustaining above the 20-day moving average on the daily chart and consolidating upward. MACD has shown upward crossover on the daily chart and RSI on the same chart is looking strong, which is now placed at 68.59 levels. The 50-day moving average has crossed over upward the 120-day moving average on the daily chart.

BERGER PAINTS : BUY| Above : Rs 361| Target: Rs 375| Stop loss: Rs 345|

Stock analysts are of the view that investors can sell Grasim Industries with a target price of Rs 1729-1720.

According to them, interested traders can sell the stock below Rs 1750, with a stop loss of Rs 1780.

Today (April 29), the stock opened at Rs 1,805 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 210.60 and 8.64 respectively. The share price has seen a 52-week high of Rs 1934 and a low of Rs 984.10 on BSE.

The analysts also suggested that if the stock fell below Rs 1712, it may see more weakness. So the investors must sell the stock.

Stock market analysts have suggested investors to ‘sell’ Axis Bank stock as there are full chances of a downward trend in this stock in the coming days.

According to them, investors can sell the stock with a strict stop loss of Rs 536 to achieve a target that lies between Rs 520-516.

Today (April 29), the stock opened at Rs 548.95 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 50.56 and 10.65 respectively. The share price has seen a 52-week high of Rs 969.90 and a low of Rs 278.50 on BSE.

Aditya Birla Nuvo, a diversified conglomerate, has registered fall of 62.55 % in its net profit to Rs 26.39 crore for the quarter ended March 31.

The company had a net profit of Rs 70.48 crore in the same quarter ended March 2008.

However, company’s total Income has increased by 3.17% to Rs 1193.74 crore, from Rs 1156.95 crore for the quarter ended March 31, 2008.

Petronet LNG, the nation's largest liquefied natural gas importer, on Tuesday reported 70.24% surge in its net profit for the fourth quarter ended March 31.

The company posted net profit of Rs 204.35 crore, against Rs 120.03 crore in the same quarter ended March 31, 2008.

Further, during the quarter, total operating income of the company also rose to Rs 2,654.88 crore, as against Rs 1,752.65 crore in the same quarter of the previous fiscal.