Stock Tips for June 6, 2011: Buy BHEL

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Stock Tips for June 6, 2011: Buy BHEL
On the first working day of the week, June 6, 2011, while Asian markets were trading low after the weak cues from US post disappointing jobs report, we bring to you the stock recommendations for today.

NiftyFutureKing have recommended BHEL for both sides of the trade.

Execute the buy trade on BHEL when the stock hits above Rs 1930.95, target price of Rs 1952.2 and second target price of Rs 1981.45 and place a stop loss at Rs 1913.55.

And sell the stock, BHEL, below Rs 1892.70 with a target price of Rs 1871.9 and second target price of Rs 1843.80. Put a stop loss at Rs 1909.75.

Meanwhile, Sharetipsinfo has recommended Infosystch for positional futures. It has suggested to buy the stock around Rs 2,830 with target price of Rs 2,885 to Rs 2,805 with stop loss of Rs 2,820.

Today, Sharegyan recommends Glaxo for intraday with a buy on the stock when it is above Rs 2,495; with a target price of Rs 2,425 and stop loss at Rs 2,380.

On the website Technicalanalysisofstocks, the recommendation is to buy the stock, Sunteck, with a stop loss at Rs 305 and a target price of Rs 340. The stock's long term SMA curve is crossing short term SMV.

For today, AK Prabhakar, Technical Analyst, AnandRathi has recommended the following stocks on the website of Economic Times. He considers the following 5 stocks as hot stocks to follow for the day.

Hindustan Unilever: Prabhakar has recommended a buy on this stock with a target of Rs 342 and stop loss of Rs 302. The stock is near record high of Rs 329.9 above which it is a major break-out. On a monthly basis, it has been making higher lows.

Engineers India: Here the recommendation is to buy the stock with a target price of Rs 290 and a stop loss at Rs 263. The stock has formed a fry pan bottom and started to move up on higher volumes and closed above 20 DMA Rs 273.

Tech Mahindra: The information and technology company has a recommendation of buy with a target price of Rs 724 and a stop loss of Rs 661. The stock has made rounding bottom and has closed at a 6-week high and above 100DMA Rs 683.

Tata Motors: The automobile manufacturing company of the Tata Group has a recommendation of sell on its stock. The target price on this stock is Rs 964 and stock loss is Rs 1,064. The stock gapped down (1075-1070) after breaking down from a triangle formation and it has been consistently moving lower.

For the day, Firstpost have picked Axis Bank, Allahabad Bank, 3i Infotech, DCHL, Bajaj Auto, Aurobindo Pharma, Aban Offshore, Educomp and PFC as the 9 stocks to keep under the lens.

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, bhel, bse, nse, sensex
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