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Stock tips for November 26, 2012


Stock tips for November 26, 2012
Here are a few stock ideas from leading brokerage houses in the country.


Sell BPCL, says Sudarshan Sukhani of


Sukhani told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) charts are very dismal. What it has done is that it went through an uptrend or let us call it a bull market and then after a distribution, it is coming steadily down. So it is not just a correction, it is now in a downtrend, which means a mini bear market of its own for whatever reasons which obviously are something that the market understands independently but the charts tell us that there is more short selling here. In a choppy market, there are options for selling as well as for buying. This one is clearly for selling."

Ranbaxy Labs:

Sudarshan Sukhani, advice traders to sell Ranbaxy Labs.

Sukhani told CNBC-TV18, "Ranbaxy Labs is unfortunately a short sell. Sometime ago it broke below Rs 540 the trend changed to down and since then it has been breaking support levels almost on a consistent basis. So it is a sell with some regret, because it is another one of those stocks that was doing well and promised a turnaround. But that has not happened. It is difficult to set a downside target, but keeping in view the fact that the markets themselves are slightly dull and the chart itself is very bearish I think a short sell or even a put position is justified."


Shardul Kulkarni of Angel Broking advice traders to buy ITC around Rs 280- 278 levels.

Kulkarni told CNBC-TV18, " Tata Motors , there was a support level which was at around Rs 262 and that particular support level has been breached as of now. I think going forward the stock will move in a range. On the lower side the next support comes at around Rs 254-253 and on the upside resistance is at Rs 270, broadly the range for the next two weeks is expected to be between Rs 270 on upside to Rs 252 on the downside."


Blue Dart:

Buy Blue Dart , says PN Vijay, Portfolio Manager,

Vijay told CNBC-TV18, "Blue Dart is a leader in one of India's fastest growing businesses and strong parented and all that adds up to a nice cocktail. Unfortunately the courier sector is not treated like a consumer sector. At some point it is more into logistics which is not correct I mean you can't compare a port transportation company with Blue Dart."

Arshiya International:

Emkay Global Financial Services is bullish on Arshiya International (AIL) and has recommended buy rating on the stock with a target of Rs 172 in its November 20, 2012 research report.

DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Read more about: stock picks itc
Story first published: Monday, November 26, 2012, 9:09 [IST]
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