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Commodity Trading Tips for Aluminum by KediaCommodity

AluminiumAluminium yesterday traded with the negative node and settled -0.8% down at 111.85 after the preliminary HSBC data shows that the PMI in manufacturing sector during May slipped to a 10-month low, triggering investor concerns over China’s economic growth. Fitch Ratings cut Greece's credit rating by three levels to B+, four levels below investment grade, from BB+, and S&P’s downgraded its outlook for Italy’s credit rating from stable to negative, both weighing down the euro and boosting the US dollar index. The US dollar index opened at 75.76 and closed at 75.69, down 0.92%. Weak economic data and stronger US dollar drove LME aluminum prices down.

Buy Hindustan Zinc With Target Of Rs 138

Buy Hindustan Zinc With Target Of Rs 138Technical analyst Rajesh Satpute has maintained 'buy' rating on Hindustan Zinc Limited stock with a target of Rs 138.

According to analyst, the investors can buy the stock with a stop loss of Rs 126.

The stock of the company, on May 05, closed at Rs 132.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 155.25 and a low of Rs 92.40 on BSE.

Current EPS & P/E ratio stood at 11.65 and 11.14 respectively.

Buy Uflex With Stop Loss Of Rs 184.80

Buy Uflex With Stop Loss Of Rs 184.80Technical analyst Prabir Kumar Sarkar of SPA Securities has maintained 'buy' rating on Uflex Limited stock with targets of Rs 192 and 196.

According to analyst, the investors can buy the stock with a stop loss of Rs 184.80.

The stock of the company, on May 04, closed at Rs 186.15 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 96.34 and 1.96 respectively.

The share price has seen a 52-week high of Rs 325 and a low of Rs 108.80 on BSE.

Hold NHPC With Stop Loss Of Rs 22

Hold NHPC With Stop Loss Of Rs 22Technical analyst Rohan Mehta has maintained 'hold' rating on NHPC Limited stock with a stop loss of Rs 22 in the short-to-medium term.

The stock of the company, on May 05, closed at Rs 24.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 33.40 and a low of Rs 22.75 on BSE.

NHPC Ltd aims to produce more than 18.6 billion kilowatt hour (bkwh) of power in the existing fiscal year to March 2012, based on prospects of normal monsoon rains.

Buy HCL Technologies With Target Of Rs 509

Buy HCL Technologies With Target Of Rs 509Technical analyst Anil Manghnani of Modern Shares and Stockbrokers has maintained 'buy' rating on HCL Technologies Limited stock to attain a target of Rs 509.

According to analyst, the stock can be purchased with a stop loss of Rs 475.

The stock of the company, May 05, closed at Rs 496.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 528.40 and a low of Rs 354.20 on BSE.

Current EPS & P/E ratio stood at 15.51 and 32.18 respectively.

Buy BPCL With Stop Loss Of Rs 630

Buy BPCL With Stop Loss Of Rs 630Technical analyst Ashwani Gujral has maintained 'hold' rating on Bharat Petroleum Corporation Limited (BPCL) stock with a target of Rs 700.

According to analyst, the investors can hold the stock with a stop loss of Rs 630.

The stock of the company, on May 04, closed at Rs 654.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 814.90 and a low of Rs 512 on BSE.

Current EPS & P/E ratio stood at 36.36 and 17.80 respectively.

Hold RIL With Target Of Rs 1050-1100

Hold RIL With Target Of Rs 1050-1100Technical analyst Sandeep Jain of Tradeswift Broking has maintained 'hold' rating on Reliance Industries Limited (RIL) stock with a target of Rs 1050-1100.

According to analyst, the interested investors can buy more scrips at Rs 940.

The stock of the company, on May 04, closed at Rs 55.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1187 and a low of Rs 901.45 on BSE.

Current EPS & P/E ratio stood at 61.73 and 15.40 respectively.

Buy SBI With Stop Loss Of Rs 2588

Buy SBI With Stop Loss Of Rs 2588Technical analyst Rahul Mohinder has maintained 'hold' rating on State Bank of India (SBI) Limited stock with a target of Rs 2680.

According to analyst, the investors can buy the stock with a stop loss of Rs 2588.

The stock of the bank, on May 04, closed at Rs 2617.35 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 159.20 and 16.37 respectively.

The share price has seen a 52-week high of Rs 3515 and a low of Rs 2165 on BSE.

Hold Karnataka Bank With Stop Loss Of Rs 100

Hold Karnataka Bank With Stop Loss Of Rs 100Technical analyst Simi Bhaumik has maintained 'hold' rating on Ranbaxy Laboratories Limited stock with a short term target of Rs 123-125.

According to analyst, the investors can buy the stock with a stop loss of Rs 100.

The stock of the bank, on May 04, closed at Rs 108.20 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 13.97 and 7.79 respectively.

The share price has seen a 52-week high of Rs 207.16 and a low of Rs 99.50 on BSE.

Man Industries Short Term Buy Call

Man Industries Short Term Buy CallTechnical analyst Simi Bhaumik has maintained 'buy' rating on Man Industries (India) Limited stock to attain a short-term target of Rs 105-110.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 86.

The stock of the company, on May 04, closed at Rs 93.30 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 18.89 and 5.10 respectively.

The share price has seen a 52-week high of Rs 109.90 and a low of Rs 55.10 on BSE.

Long term Buy Call For Cipla

Long term Buy Call For CiplaTechnical analyst Sanjeev Bhasin has maintained 'hold' rating on Bharti Airtel stock with a target of Rs 350.

According to analyst, the said target can be attained within a period of six months.

The stock of the company, on May 04, closed at Rs 309.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 380.80 and a low of Rs 289.75 on BSE.

Current EPS & P/E ratio stood at 11.63 and 26.29 respectively.

Hold IOC With Stop Loss Of Rs 335

Hold IOC With Stop Loss Of Rs 335Technical analyst Prakash Gaba has maintained 'hold' rating on Indian Oil Corporation Limited stock with a target of Rs 380-390.

According to analyst, the investors can hold the stock with a stop loss of Rs 335.

The stock of the company, on May 03, closed at Rs 341.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 458.90 and a low of Rs 298 on BSE.

Current EPS & P/E ratio stood at 37.47 and 9.31 respectively.

Hold TVS Motors With Stop Loss Of Rs 49

Hold TVS Motors With Stop Loss Of Rs 49Technical analyst Rajat Bose has maintained 'hold' rating on TVS Motor Company Limited stock with a medium-to-long term view.

According to analyst, the investors can buy the stock with a strict stop loss of Rs 49.

The stock of the company, on May 03, closed at Rs 55.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 87.45 and a low of Rs 44.90 on BSE.

Current EPS & P/E ratio stood at 4.06 and 13.04 respectively.

Hold Mahindra & Mahindra With Target Of Rs 800

Hold Mahindra & Mahindra With Target Of Rs 800Technical analyst SP Tulsian has maintained 'hold' rating on Mahindra & Mahindra Limited stock.

According to analyst, the investors can buy the stock with a target of Rs 800.

The stock of the company, on May 03, closed at Rs 707.85 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 42.04 and 16.41 respectively.

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 501 on BSE.

Buy HPCL With Target Of Rs 420

Buy HPCL With Target Of Rs 420Technical analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on Hindustan Petroleum Corporation Ltd. Limited stock to attain a short term target of Rs 420.

According to analyst, the stock has resistance of Rs 385-390.

The stock of the company, May 03, closed at Rs 381.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 555.45 and a low of Rs 311.55 on BSE.

Current EPS & P/E ratio stood at 34.60 and 11.28 respectively.

Buy Century Plyboards With Stop Loss Of Rs 65

Buy Century Plyboards With Stop Loss Of Rs 65Technical analyst Ashwani Gujral has maintained 'buy' rating on Century Plyboards Limited stock to attain a target of Rs 80.

According to analyst, the investors can buy the stock with a stop loss of Rs 65.

The stock of the bank, May 03, closed at Rs 69.95 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 6.37 and 11.18 respectively.

The share price has seen a 52-week high of Rs 77.20 and a low of Rs 52.50 on BSE.

Sell Bharti Airtel With Target Of Rs 360

Sell Bharti Airtel With Target Of Rs 360Technical analyst Husseini Wadharia of Techno Shares has maintained 'sell' rating on Bharti Airtel stock with a target of Rs 360.

According to analyst, the interested investors can sell the stock with a stop loss of Rs 380.

The analyst also said that it is better to sell the stock at this time as there are full chances of a decline in the stock.

The stock of the company, on May 03, closed at Rs 375.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 390 and a low of Rs 257 on BSE.

Petronet LNG Intraday Buy Call

Petronet LNG Intraday Buy CallTechnical analyst Rajesh Jain has maintained 'buy' rating on Petronet LNG Limited stock to attain a target of Rs 140.

According to analyst, the interested investors can buy the stock at current levels.

The stock of the company, on May 03, closed at Rs 133.60 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 8.26 and 15.51 respectively.

The share price has seen a 52-week high of Rs 140.80 and a low of Rs 76.60 on BSE.

Petronet LNG recorded a growth of 2.12 times in its net profit for the three month period ended March 2011.

Buy Sesa Goa With Stop Loss Of Rs 307

Buy Sesa Goa With Stop Loss Of Rs 307Technical analyst Ashwani Gujral has maintained 'buy' rating on Sesa Goa Limited stock with a target of Rs 330.

According to analyst, the investors can buy the stock with a stop loss of Rs 307.

The stock of the company, on May 02, closed at Rs 313.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 427.20 and a low of Rs 261 on BSE.

Current EPS & P/E ratio stood at 40.20 and 7.72 respectively.

United Spirits Short Term Buy Call

United Spirits Short Term Buy CallTechnical analyst Jatinder Sharma has maintained 'buy' rating on United Spirits Limited stock with a short term target of Rs 1090.

According to analyst, the investors can buy the stock with a stop loss of Rs 1015.

The stock of the company, on May 02, closed at Rs 1039.40 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 27.99 and 37.22 respectively.

The share price has seen a 52-week high of Rs 1683.80 and a low of Rs 997.70 on BSE.




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