commodity mantra

Base metals

Zinc:  zinc has a range as pridicted over several  years . The level is somewhere arround 97 whereas upper range is 117 . as it heading towards its low so it is a good time to invest arround  98-100 with target in mind set to 110 for two months duration.

LEAD: lead can be bought arround 105 with long term target of 120

COPPER: buying seems to be safe arround 400 if it breaks 398 than further downside is expected upto 380 level othrwise it can be kept for target of  430

Houseviews: 4 stocks brokerages are bullish on

Balrampur Chini Brokerage: Jereffries Rating: Buy Target: Rs 65 Rationale: The government has done away with the 10 percent levy sugar quota. This could impact Balrampur's earnings by Rs 3.50 a share annually.

GAIL Brokerage: UBS Rating: Buy Target: Rs 405 Rationale: The transmission business seems to have bottomed out and concerns are priced in. The company has seen a a pick-up in petchem volumes and improved domestic gas visibility.

     

     Maruti

    Brokerage: CLSA

    Rating: Buy

    Target: Rs 1850

   Rationale: Car demand has worsened further in 2013. CLSA expects a third straight year of single          digit growth for the passenger vehicle industry in FY14.

   

   SpiceJet

Brokerage: HSBC

Rating: Overweight

Target: Rs 40

Rationale: Modest improvement in earnings will support recovery. The key catalyst will be a prospective stake sale announcement