Stock Tips for today, July 15, 2011: Sell Asian Paints

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Stock Tips for today, July 15, 2011: Sell Asian Paints
Mark Mobius, Executive Chairman, Templeton Emerging Markets Group has said to a leading media major that says FIIs will continue to invest in India, but degree of their investment will depend on government policies. If that is the case, Technicals will have the advantage of knowing where to invest. Keeping this in mind we bring to you today's stock tips.

Sharegyan recommends to sell the stock of Asian Paints with a target price Rs 3090 and a stop loss at Rs 3160.

The website, Technicalanalysisofstocks, has recommended the stock A2ZMES, for the target price of Rs 266 and a stop loss at Rs 235. The recommendation is based on the fact that 13 days moving average curve crossed with heavy volume.

Sahretipsinfo has recommended the stock of Mphasis to sell below Rs 435. The target price is Rs 426-418 and a stop loss at Rs 441.

Amit Chheda, Head - Equity, Inventure Growth and Securities has picked the following stocks on Economic Times.

Shree Renuka Sugars: The recommendation here is buy because of a bullish bias. The target price is Rs 82 and stop loss for the stock is Rs 69. Renuka Sugar has taken strong supports at Rs 69 levels and bounced back with strong volumes. We recommend buying the stock for the targets Rs 78-82. Stock is making higher tops and higher bottoms suggesting an uptrend.

Bata India: Here also the recommendation is buy with a Rs 635-650 and stop loss Rs 608. Bata India is in a strong uptrend making higher tops and higher bottoms making new highs on consistent basis. There is still a lot of steam left in the stock. Traders can trade this stock for targets of Rs 635 and Rs 650 on the upside with a strict stoploss of Rs 608 on the downside.

Asian Paints: Chheda recommends to buy this stock with a target price of Rs 3,190 - 3,250 and a stop loss at Rs 3,075. Asian paints has recently corrected from Rs 3,368 levels and came down toRs 3,082 to take supports and give reversal signals from there. Major trend for the stock is up. Buy the stock with a stoploss of Rs 3,075 and trade for the targets of Rs 3,190-3,250

Infosys: Here too the recommendation is buy for its strong support. The target price for the stock is Rs 2,745-2,790 and the stop loss is at Rs 2,645. Infosys has corrected post results and nearing its strong support levels ofRs 2,690-2,710. Buy the stock near its support levels with a stoploss ofRs 2,645 and trade for the targets of Rs 2,745-2,790. A technical bounceback is expected after a fall from Rs 3,023 levels.

Unitech: Here too the recommendation is buy on the volume play for the target price of Rs 36-38 and a stop loss at Rs 32. Unitech trades in an oversold zone and is due for a pullback. It has taken support on the neckline of RSI suggesting a reversal. Rising volumes on the up-days also indicates strength in the stock. The stock could be bought for the targets of Rs 36-38, keeping the stoploss at Rs 32.

FirstPost recommends the followig nine stocks which should be tracked for the day: Allahabad Bank, Idea, Rolta, Bank of Baroda, Bank of India, Indian Hotel, Chambal Fertiliser, IDFC and Exide.

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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.

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