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You are here: IndiaNotes >> Market Insights - 24 Jun 2015 >>These stocks have an upside of 25% and 31% respectively - IndiaNotes.com Market Insights Newsletter
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Welcome to Market Insights.

In this edition, we are running a special feature on Coal India, which hit its 52-week high on the BSE in late morning trade on 23 June 2015. As part of this feature, we are sharing with our readers two separate analyses on Coal India by Nooresh Merani and Mohit Jhanjee. In other stories, we have Way2wealth recommending to buy Dabur and Engineers India but to sell Cipla, SMC Research recommending Cadila Healthcare and Gujarat State Fertilizer & Chemicals on the upside potential the two scrips hold, and Way2wealth presenting their technical analysis to justify their recommendation for Bata India. Lastly, we have Mohit Jhanjee delivering his view for Nifty for June 2015 expiry. As usual, we also have a technical query answered by our experts in the 'Ask an Expert' section.

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Technical pick: Buy Bata India for target of 1300

On the monthly chart, it has been observed that Bata India is sustaining above the rising trend line on closing basis since very long time. Besides, the stock has many rationales to show a decent appreciation in prices going further.


Click here to read the technical analysis by Way2wealth


IndiaNotes' special feature on Coal India
Coal India hit its 52-week high on the BSE in late morning trade on 23 June 2015. This prompts us to share with our readers two separate analyses on Coal India by two of our contributors viz. Nooresh Merani and Mohit Jhanjee.
According to Nooresh Merani, it has been five years and Coal India has not been able to breakout. However, it could be an interesting stock to watchout for in the long term, and a move beyond 420-425 will confirm that.
According to Mohit Jhanjee, after a great run up from 2014 March to the highs of 424.70, Coal India has been consolidating in sideways movement. The resistance area is around 405 above which it shall run for 425 once sustain or close above 425 the stock can run for 470-500 in coming weeks.

Weekly Equity Picks: Buy Dabur, Engineers India; Sell Cipla
Way2wealth recommend to buy Dabur Future on indications of further upside in the prices in the upcoming trading sessions, to buy Engineers India Future on bullish head and shoulders chart pattern stemming from price action since early March to mid June, and to sell Cipla Future on likelihood of further declines in prices in order to achieve the minimum expected price target of 535.

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Fundamental picks: These stocks have an upside of 25% and 31% respectively
According to SMC Research, expanded capacities would enable Cadila Healthcare to increase its volumes in the high growth in domestic as well global markets while valuation of Gujarat State Fertilizer & Chemicals is getting attractive on the back of improved outlook for the fertilizer as well as the chemical business.

Nifty view for June 2015 expiry
According to Mohit Jhanjee of Wealthcreator Technicals, starting from 22 June 2015 we are entering in to the June expiry week. The Nifty future has resistance around 8300 and 8385 (50 & 200 SMA) both been very crucial moving average for the index on daily charts.

Featured Technical Call for today by Stock4gains
JUSTDIAL (1229): Keep stop-loss at 1195 for intraday buys and at 1170/1150 for positional buys
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Ask an Expert - An answer to your question is just an e-mail away!
One of our readers and a prospective investor was keen on investing in mutual fund SIP. However, he was not sure how to go about it and which one is the best. Read how Mohit Jhanjee congratulated the said investor on deciding to take the first step towards becoming an investor, and recommended him an encouraging solution to calm his concerns.

Do you have any such queries? Please feel free to post them in our Ask an Expert section and have your queries answered by our experts.

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