Stock Tips for June 10, 2011

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Stock Tips for June 10, 2011
On the last trading day of the week, the experts have come out with the following recommendation of stocks for intraday trading. 

Puneet Kinra, Sr Technical Analyst, Equity Research, Bonanza Portfolio suggests the following stocks on Economic Times.

Cipla: Kinra has recommended a buy on this stock with a target price of Rs 355 with a stop loss of Rs 310. Cipla is above its 200-DMA with good volumes. The stock may reach Rs355 in the coming days. The stock may be accumulated in Rs335-320 zone. Keep the stop loss below Rs310 on a daily closing basis.

HFCL: He also recommends a buy on HFCL with a target price of Rs 25 and a stop loss of Rs 14.50. The scrip is trading in a short-term uptrend and is showing momentum strength from Rs17. The oscillators are supporting price strength. The stock may be accumulated in the Rs17-20.80 range. Keep stop loss belowRs14.50 on a daily closing basis.

Federal Bank: The banking stock has a recommendation of buy with target price of Rs 495 and stop loss of Rs 415. The scrip has been trading in a long-term uptrend. The stock is showing strength after breaking out the symmetrical triangle resistance at Rs440. The projected target of the breakout is Rs495. The scrip may be accumulated in the Rs440-459 range.

ITC: Here also the recommendation is buy with a target price of Rs 210 with a stop loss of Rs 177. The scrip has been trading in a long-term uptrend and is consolidating in the Rs191-197 range for seven days. The stock is of defensive category. It can be bought within the Rs188-195 range. Keep stop loss below Rs177 on a daily closing basis.

Hexaware: The recommendation is to buy the stock with a target price of Rs 78 and a stop loss at Rs 62. The scrip has been trading in a short-term uptrend. On June 8, the stock's breakout above the flag formation was with higher volumes. The stock may be bought within the Rs 66-70 range. Keep stop loss below Rs62 on a daily closing basis.

For intraday trading, Sharegyan recommends Sesagoa to be bought above Rs 291 with a target price of Rs 297 and a stop loss at Rs 288.

Lanco Infratech has been recommended by sharetipsinfo with a buy price above 31.70 and target of Rs 33 and a stoploss at Rs 31. The stock has been suggested for fututre intrday trade.

The website, technicalanalysisofstocks, recommends to buy HEG with a target price of Rs 250 and a stoploss at Rs 230. The argument is that there is signal of a bullish breakout with heavy volume.

Firstpost have picked Power Grid, RCOM, Kingfisher Airlines, HCC, EKC, Bajaj Hindustan, IDEA, IDFC and IVRCL as the 9 stocks of the day.

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: bse, stock tips, nse, sensex, nifty
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