Stock Tips for June 20, 2011: 2 recommend to Buy Idea

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Stock Tips for June 20, 2011
On the first working day of the week, the stocks that the experts have recommended for the day across different sectors are as following.

Sharegyan recommends Idea at a buy price of above Rs 78 with a target price of Rs 81 and a stop loss at Rs 76.50.

The website, Technicalanalysisofstocks, also recommends Idea, the cellular company with a target price of Rs 82 and a stop loss at Rs 73.

Vaishali Parekh, Technical Analyst, Prabhudas Lilladher recommends the following stocks in Economic Times.

Tata Steel: Parekh's recommendation on this stock is buy with a target price of Rs 600-610 and a stop loss at Rs 540.
This stock has a good base at Rs 540. The positive divergence in hourly as well as daily charts along with improving indicators and rising volume indicates an upward movement. The stop loss is Rs 540, with an upside target of Rs 600-610.

NTPC: Here too the suggestion is to buy the stock with a target price of Rs 187-195 and stop loss at Rs 174. Parekh's view on the stock is 'this stock has corrected from Rs 222 to a low of Rs 165. The stock is improving with positive MACD and higher volume. This would be a good defensive stock in a weak'.

LIC Housing: The housing finance company has a recommendation of buy with a target price of Rs 260, and a stop loss at Rs 220. With a higher-bottom-higher-top formation on daily charts, this stock is showing strength for an upside move. It is well placed above the moving averages of different periodicities. It is also above the 200-DMA moving average, which adds to our buying recommendation.

Godrej Industries: This stock is also a buy with a target price of Rs 215 ad a stop loss at Rs 190. This stock has been moving in good momentum with higher volume. There is a higher-bottom-higher-top formation with positive indicators. The RSI being above Rs 60 in daily charts indicates a further strong move in this stock. The target is Rs 215.

First Post brings the following stocks which should be tracked today: Indian Hotels, Indian Oil Corporation, Gujarat State Petronet, IVRCL Infra, IRB, Hero Honda, Pantaloon, REC and Bajaj Auto.

*If you know a credible source for stock tips which you would like to be covered or you are an analyst who would like to share expert commentary and insight on our website, then mail us at

**Note: Editorial team at OneIndia Money retains the right to publish.

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.

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