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BSE Sensex: (13559) the market opened with a bear gap and turned around closer to our support of 13100 due to good profit booking due to short covering on the short side and finally closing marginally positive. Technically the Indicators are over stretched and so an up move is not ruled out and I would watch the crucial support of 13300 and trade long…

Technical Analyst, Rajat K Bose is of the view that Tata Communications has resistance at Rs 432-436.

“I have already given a buy call on that stock to my clients earlier during the day and my feeling is that Tata Communication is likely to test its first resistance around Rs 432-436.”

HDFC Securities has recommended to book profits in Nestle and re-enter at lower levels, in its report dated September 15, 2008.

Technical Analyst, Rajat K Bose is of the view that there is definitely some trading opportunity in fertilizer stocks.

“For Axis bank the next target would be Rs 726 and before that there could be some resistance around Rs 714.”

According to Prabhudas Lilladher’s report on banking Sector, the research firm maintains its neutral rating on the banking sector and its top picks remains Axis Bank, HDFC Bank, HDFC and IDFC (BUY on declines).

Prabhudas Lilladher’s report on Banking Sector:

Technical Analyst, Rajat K Bose is of the view that above Rs 691, Axis Bank can go upto Rs 726.

ICICI Securities has kept a buy rating on GAIL India with a target price of Rs 529, reports CNBC-TV18.

Merrill Lynch has kept a buy rating on Hero Honda Motors with a target price of Rs 960, reports CNBC-TV18.

Sharekhan has kept a buy rating on Crompton Greaves with a target price of Rs 367, reports CNBC-TV18.

Angel Broking has initiated a buy rating on Lanco Infratech with a target of Rs 413 in its September 12, 2008 research report. “We estimate Lanco’s Top-line to grow at a CAGR of 95% over FY2008-10E, while Margins are expected to stablise at 16.0% levels by FY2010E. Bottom-line is estimated to post a CAGR of 47% in the mentioned period. At Rs 291, the stock is trading at attractive valuations. We have arrived at a SOTP Target Price of Rs 413 valuing Lanco’s core C&EPC business at Rs 175 (9 x FY2010E EPS), Power business at Rs 175 (on DCFE and/or P/BV basis), BOT business at Rs 14 (on DCFE basis) and Real Estate arm at Rs 49 (on NAV basis). We Initiate Coverage on the stock, with a Buy recommendation,” says Angel Broking’s research report.

Dipan Mehta, Member, BSE/NSE is of the view that one should ignore fertiliser and sugar stocks.

Harit Shah of Angel Stock Broking is of the view that NIIT has target of Rs 100 plus.