Stock tips for May 26, 2011. Buy Yes Bank

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Stock tips for May 26, 2011. Buy Yes Bank
We bring to you the selected list of stocks that should be followed for the day.

Today's top 5 picks chosen by Vaishali Parekh, Technical Analyst, Prabhudas Liladher for Economic Times are as following.

Yes Bank: The recommendation is to buy the stock with a target of Rs 295, and a stoploss at 272. After making a recent high at Rs 340, this stock has corrected to make a low of Rs 272. The MACD in hourly charts and the RSI in daily charts are showing signs of improvement. The stock's volume is also picking up.

Educomp: This education based company has been recommended a buy it for a target of Rs 460. Meanwhile, the stoploss is recommended at Rs 410. This stock has taken support at Rs 400 thrice in the recent past and is also giving a trendline breakout in the daily chart, with rising volume. This stock would be a good buy for an upside target of Rs 460.

Sun Pharma: Parekh has recommended to buy this stock with a target price of Rs 470, and a stop loss Rs 425. According to Parekh, this stock is showing strength being above the 200-DMA. This would be a defensive stock as the indicators in the hourly as well as daily charts are favourable and volume is higher. The target price is Rs 470.

Lupin Labs: The recommendation here is to buy eyeing a target of Rs 470 and keeping the downside limited with a stoploss at Rs 425. The stock has been moving between a range of Rs 400 and Rs 440. The RSI in daily charts are not falling below 50, indicating further strength. The stock is also above the 200-DMA. We recommend a buy with support at Rs 425.

United Phosphorus: The recommendation is to sell the stock with a target of Rs 148 and a stoploss of Rs 165. After making a recent high of Rs 171, this stock has been correcting. The hourly chart shows it to be in an oversold zone, whereby a bounce back is expected. However, the daily chart shows a downward target of Rs 148.

Firstpost.com has identified the following stocks to keep in track for the day, 3i Infotech, ONGC, Financial Technologies, Voltas, Tata Motors DVR, Indian Hotels, ITC, GAIL and Hotel Leela.

Meanwhile, Sharetipsinfo has recommended VIP industries for trading on a one to two day basis. The buy price is at Rs 662-664 with the target of Rs 695, stoploss on the trade should be maintained at 654.

OneIndia Money DISCLAIMER: OneIndia Money provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. OneIndia Money does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Read more about: stock tips, bse, nse, sensex, nifty
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