Indian Hotels can go upto Rs 105-110

Indian Hotels Company can go upto Rs 110-115, say Technical Analysts.

Indian Hotels will take a fairly long time in appreciating significantly from here on. It has to trade above the Rs 83-85 band in a consisten fashion with higher volumes for the bulls to really return with a great deal of conviction but coming 4-6 months we can expect it to trade in the triple digit mark, close to Rs 105-110 levels.

Adani Power :: Should you buy the stock now?

Adani Power witnessed a lacklustre listing on the markets yesterday. The stock listed at Rs 108 on the NSE but was quick to slip and even fell below its issue price of Rs 100 during the day. This, inspite of the broader markets being in the green. Most analysts were disappointed as they were expecting it to list at a premium of 10-15%.

Vallabh Bhanshali, Chairman of Enam Securities, which was the lead manager to the issue, said that Adani Power's poor performance could be attributed to two reasons; market volatility and a slew of upcoming IPOs. "It was always difficult to arrive at the right price for an IPO when the market was volatile," he added. However he said both NHPC and Adani Power would make good money for investors.

According to the experts, Adani Power is expected to trade between Rs 79 and Rs 95 per share.

Udayan Mukherjee, Managing Editor, CNBC-TV18 said that the stock's net present value (NPV) would range from Rs 70-90. According to him, its fair value would be between Rs 100 and Rs 120.

Stock Advice for 27th July 2009

The US markets have ended mixed in the last session of trade.
On the positive note, Asian Markets have posted higher openings.
A flat to gap down opening is expected today.

The support for the Sensex is on the levels of 15150 and the resistance to the up move is at 15550 to 16050.
For Nifty, the support is at 4510 and the resistance to the up move is at 4610-4700-4780.

Day Trading Tips :

RNRL : Buy above 81.20 for targets of 82.40 and 83.25. Keep a SL of 80.15

RPL : Buy above 128.10 for targets of 130.20 and 130.50. SL of 126

IFCI : Buy above 50 for targets of 51.50 and 52.20. SL of 48.95

BHEL : Buy above 2010 for targets of 2030 and 2045. Keep a SL of 2009.

Happy Investing and Happy Earning J

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