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Dear Customer,
Edel Weekly Technical Picks offers recommendations on three stocks every week based on technical charting and price momentum. Weekly Technical Picks are released every Saturday through SMS, e-mail and on our web site www.edelweiss.in. The stocks are selected on various factors mentioned below.
Weekly Technical Calls seeks to identify picks on the basis of Technical charting based on graphical description, stock movements, and analytical interpretations using SMA, EMA, RSI, MACD and other tools. The Client Advisory Services (CAS) Research Desk has been offering calls to investors since March 2009. Backed by research from Edelweiss’ Technical Team, the CAS Research Desk focuses on maximizing returns through products to suit each investor profile.
The returns of the stocks recommended from 4th April, 2011 to 27th June, 2011 are given below.
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Edel Weekly Technical Picks |
| Company |
Reco
Date |
Closing
Date |
Call
Type |
Reco. Price
(Rs) |
Target Price
(Rs) |
Stop Loss
(Rs) |
Exit Price
(Rs) |
Returns
|
Avg. Ret
Weekly |
| VOLTAS | 04-Apr-11 | 07-Apr-11 | Sell | 179.6 | 166 | 188 | 188 | -4.47% | |
| FORTIS | 04-Apr-11 | 04-Apr-11 | Buy | 156.9 | 170.6 | 148.3 | 162.3 | 3.47% | |
| JSWSTEEL | 04-Apr-11 | 05-Apr-11 | Buy | 949.6 | 1020 | 900 | 997.1 | 5.00% | 1.34% |
| |
| GESHIP | 11-Apr-11 | 15-Apr-11 | Sell | 284.8 | 265 | 298 | 276.3 | 3.06% | |
| AUROPHARMA | 11-Apr-11 | 15-Apr-11 | Sell | 195.4 | 178 | 206 | 195.4 | 0.00% | |
| HINDZINC | 11-Apr-11 | 15-Apr-11 | Buy | 143.7 | 155.6 | 135.8 | 146.7 | 2.12% | 1.73% |
| |
| HAVELLS | 18-Apr-11 | 21-Apr-11 | Buy | 405.0 | 440 | 388 | 405 | 0.00% | |
| DR. REDDYS | 18-Apr-11 | 21-Apr-11 | Buy | 1654.3 | 1730 | 1595 | 1665 | 0.65% | |
| GMDC | 18-Apr-11 | 21-Apr-11 | Buy | 144.0 | 159 | 136 | 142.7 | -0.90% | -0.09% |
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| ALOKTEXT | 25-Apr-11 | 27-Apr-11 | Buy | 27.1 | 30 | 25.6 | 26.2 | -3.32% | |
| ONGC | 25-Apr-11 | 28-Apr-11 | Buy | 304.2 | 287.6 | 307.5 | 313.7 | 3.11% | |
| APOLLOTYRE | 25-Apr-11 | 29-Apr-11 | Buy | 73.1 | 80 | 69.2 | 70.2 | -3.90% | -1.37% |
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| TATAMOTORS | 02-May-11 | 04-May-11 | Buy | 1237 | 1300 | 1200 | 1200 | -2.99% | |
| KOTAKBANK | 02-May-11 | 05-May-11 | Sell | 430.8 | 400 | 445 | 416 | 3.56% | |
| SUNPHARMA | 02-May-11 | 04-May-11 | Buy | 465.8 | 500 | 440 | 458.5 | -1.57% | -0.33% |
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| M&M | 09-May-11 | 13-May-11 | Buy | 713.5 | 750 | 685 | 685 | -3.99% | |
| SESAGOA | 09-May-11 | 11-May-11 | Sell | 292.0 | 265 | 306.6 | 301.7 | -3.23% | |
| IDEA | 09-May-11 | 13-May-11 | Sell | 64.5 | 58 | 67.3 | 66.6 | -3.23% | -3.48% |
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| HDIL | 16-May-11 | 18-May-11 | Sell | 159.8 | 150 | 169 | 152.4 | 4.86% | |
| GSPL | 16-May-11 | 17-May-11 | Buy | 104.4 | 114.6 | 98.6 | 100.3 | -3.93% | |
| TCS | 16-May-11 | 18-May-11 | Buy | 1127.1 | 1200 | 1090 | 1156 | 2.56% | 1.16% |
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| DIVISLAB | 23-May-11 | 30-May-11 | Buy | 727.4 | 780 | 700 | 755.1 | 3.81% | |
| M&M | 23-May-11 | 26-May-11 | Buy | 690.9 | 750 | 655.8 | 670.7 | -2.92% | |
| ALOKTEXT | 23-May-11 | 25-May-11 | Buy | 24.9 | 27 | 23.9 | 24.3 | -2.41% | -0.51% |
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| TATAMOTORS | 30-May-11 | 31-May-11 | Sell | 1092 | 1020 | 1128 | 1090 | 0.18% | |
| TATACOFFEE | 30-May-11 | 02-June-11 | Buy | 835 | 890 | 805 | 862 | 3.23% | |
| LICHSGFIN | 30-May-11 | 31-May-11 | Buy | 220.4 | 240 | 210.6 | 231.4 | 4.99% | 2.80% |
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| EXIDEIND | 06-June-11 | 09-June-11 | Buy | 164.0 | 175.6 | 156.6 | 156.6 | -4.51% | |
| MRPL | 06-June-11 | 10-June-11 | Buy | 76.6 | 82 | 73 | 76.6 | 0.00% | |
| IDFC | 06-June-11 | 10-June-11 | Sell | 136.0 | 128 | 140.6 | 135 | 0.74% | -1.26% |
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| CENTURYTEXT | 13-June-11 | 16-June-11 | Buy | 345.9 | 383 | 322 | 356.8 | 3.14% | |
| RAYMOND | 13-June-11 | 16-June-11 | Buy | 388.8 | 420 | 372 | 377 | -3.03% | |
| DLF | 13-June-11 | 16-June-11 | Sell | 232.0 | 215 | 240 | 222.5 | 4.27% | 1.46% |
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| HDIL | 20-June-11 | 20-June-11 | Buy | 174.0 | 184 | 169 | 169 | -2.87% | |
| LICHOUS | 20-June-11 | 20-June-11 | Buy | 228.8 | 245 | 220.3 | 220.3 | -3.69% | |
| UNIPHOS | 20-June-11 | 20-June-11 | Sell | 151.9 | 139.6 | 160.6 | 145.9 | 4.11% | -0.82% |
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| SESAGOA | 27-June-11 | 30-June-11 | Buy | 280.3 | 305 | 265 | 287 | 2.39% | |
| UFLEX | 27-June-11 | 01-June-11 | Buy | 203.0 | 216 | 197 | 209.5 | 3.20% | |
| BATA | 27-June-11 | 29-June-11 | Buy | 528.5 | 560 | 512 | 547.5 | 3.59% | 3.06% |
| | | | | | | Average Weekly Returns | 0.28% |
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Edel Weekly Technical Picks are released every Saturday. You can read recommendations by logging on to www.edelweiss.in.
Edel Weekly Technical Picks are classified under Short Term Strategies on the Strategy section of the web site.
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Disclaimer:
This document has been prepared by Edelweiss Securities Limited (Edelweiss). Edelweiss, its holding company and associate companies are a full service, integrated investment banking, portfolio management and brokerage group. Our research analysts and sales persons provide important input into our investment banking activities. This document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. Edelweiss or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. 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However, Edelweiss is under no obligation to update or keep the information current. Nevertheless, Edelweiss is committed to providing independent and transparent recommendation to its client and would be happy to provide any information in response to specific client queries. Neither Edelweiss nor any of its affiliates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. Past performance is not necessarily a guide to future performance. The disclosures of interest statements incorporated in this document are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. 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