Stock Tips for today, Aug 2, 2011: Buy A2ZMES

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Stock Tips for today, Aug 2, 2011: Buy A2ZMES
We bring to you stocks from different sectors which can help you achieve good returns.

Sharetipsinfo has recommended the stock of A2ZMES, buy it above the market of Rs 265 for a target price of Rs 275 with a stop loss at Rs 260.

The website,, has recommended to sell the stock of Sun TV for a target price of Rs 291 and a stop loss ar Rs 335.There is bearish breakout with heavy volume.

Kusal Kansara, Chief Technical Analyst, Padmakshi Financial Svc, suggested the following stocks in Economic Times.

BPCL: For this stock the recommendation is sell with a target price of Rs 632 and a stop loss at Rs 665.50. The stock has closed below the 20-day exponential moving average. On the daily charts, the price along with the momentum indicator-RSI are at key trend line support levels. The flat ADX in the daily charts indicatdes the uptrend has come to a halt.

Ranbaxy: Here too Kansara suggests to buy the stock setting up the target price of Rs 581 and a stop loss at Rs 554. The price has closed above the strong resistance level of 554 and above the 20-DEMA, making a new two-month high. The break has come with good volumes. The OBV is making a new high. The momentum indicator-RSI has bounced from the support level of 46 and is in buy mode.

Cairn: The oil and gas company has a recommendation of buy with a target price of Rs 320 and a stop loss at Rs 307. The stock has corrected from 330 levels. The momentum indicator-RSI on hourly charts is bouncing from the oversold zone and the +DI has started to curl up and is above to cross over the -DI, indicating that the downtrend is likely to pause for a while.

L&T: The diversified engineering company has a buy recommendation with a target price of Rs 1,810 and a stop loss at Rs 1,742. The stock is bouncing from the crucial support level of the 200Dema.The momentum indicator-RSI is curling up from 41 level and has given a buy signal. The day's close has form a bullish belt hold candlestck pattern, indicating a strong uptrend.

Tata Steel: Based on technical analysis Kansara considers that the steel stock should be bought with a target price of Rs 597 and a stop loss at Rs 564. The stock has fomed a tweezer bottom and a hammer candlestick pattern. The 14-day RSI has crossed the 9-day average,and has given a buy signal. The MACD histogram is diverging positively along with the price. On weekly charts,the RSI is appearing to form a double bottom.

Firstpost has recommended the following stocks that should be tracked as favourable opportunities may arise in them: Reliance Infra, Exide, Dish TV, Axis Bank, Reliance Industries, Bajaj Holding, Neyveli lignite, Aurobindo Pharma and Dena Bank.

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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, nse, sensex, nifty
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