Stock Tips for July 12, 2011: Buy HDFC

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Stock Tips for July 12, 2011: Buy HDFC
Infosys results will be the hot topic for the day. Especially when the company's results have always set the trend for the Information Technology companies in the country. But there are many more stocks to buy and make a profit by selling them. Today's recommendation are as following.

Sharetipsinfo has recommended two stocks for today's intra day.

Buy Anant Raj above Rs 77 with a target price of Rs 82-86 with a stop loss at Rs 74. This is only for intraday trade.

Then the other stock is HDFC, sell the stock below 712 with a target price of Rs 695 and a stop loss at Rs 720.

The website, technicalanalysisofstocks, has recommended the stock United Breweries Limited with a stop loss at Rs 475 and a target price of Rs 520. The signal is by RSI curve crossing oversold zone with heavy volume.

Shrikant Shetty, Head - Equity Advisory, Unicon Securities, suggests the following stock in Economics Times.

Gitanjali: There is a buy recommendation on the stock with a target price of Rs 324 and a stop loss at Rs 301. Geetanjali has a bullish candlestick on daily chart with good volume support. The stock has closed above previous top resistance at Rs 305 levels. Daily RSI has shown positive crossover into oversold territory which will tend to support reversal action, if it occurs.

Grasim Industries: This company too has been given a recommendation of Buy with a target price of Rs 220 and a stop loss at Rs 168. On a daily chart, the stock has closed above strong support at Rs 2,130 wich is 20 DMA with hefty volume support on a daily basis, the momentum oscillators suggest possibility of an uptrend in the short-term. We advise buying Grasim at support zone for a target of Rs 2,320.

KPIT Cummins: Shetty suggests a buy on this stock as well with a target price of Rs 220, and stop loss at Rs 168. KPIT has formed a symmetrical trianmgle pattern and breakout at Rs 180 levels, indicating a positive sentiment. On a weekly chart, the stock is trading above strong resistance zone at Rs 180 and closed above the 50 DMA at Rs 169. We advise buying the stock for a target of Rs 220.

Pantaloon Retail: Here the recommendation is sell with a target price of Rs 290 and the stop loss should be placed at Rs 335.
On a daily chart, Pantaloon Retail has closed with a bearish candlestick and stock trading below 200 DMA at Rs 334.50 levels, indicating a channel support level around Rs 290, so selling pressure around resistance zone at Rs 322-325. We advise selling the stock for a target of Rs 290.

FirstPost have recommended the following stocks: Allahabad Bank, Orchid Chemicals, ICICI Bank, Patni Computer, Bombay Dyeing, United Phosphorus, India Cements, Essar Oil and DLF.

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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, hdfc, nse, sensex, nifty, investment
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