Stock Tips for today, Aug 9, 2011: Buy ACC and sell HDIL

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Stock Tips for today, Aug 9, 2011: Buy ACC and sell HDIL
Today's stock tips provides the many opportunites that should help our readers to make money in irrespective of the direction of the market.

Sharetipsinfo has placed the recommendation of sell on HDIL when it is below Rs 114, the target price is Rs 108-102 and the suggested stop-loss is at Rs 118.

Here the suggestion is to buy ACC for its bullish engulfing pattern at minor bottom. The suggested target price for the stock is Rs 1011 and the stop loss is at Rs 948.

Somil Mehta, Sr Technical Research Analyst, Sharekhan has recommended the following stocks for today in Economic Times.

GAIL: Mehta recommends a sell on this stock with a target price of Rs 400 and then a stop loss at Rs 470. The stock has taken resistance around 50% retracement of the previous correction and has started its next leg down. On the daily chart, momentum indicator has given a negative crossover.

Axis Bank: For this bank too the recommendation is sell and the target price is set at Rs 1,120 and a stop loss at Rs1,306. The stock has taken resistance around 61.8% retracement of the previous correction and has started its next leg down. On the daily chart, momentum indicator has given a negative crossover.

Divi's Lab: For this stock too there is a sell suggestion with a target price of Rs 710 and a stop loss at Rs 881. The stock has formed an ending diagonal pattern and has also broken down with good volumes. On the daily chart, momentum indicator has given a negative crossover.

ONGC: For this oil marketing company the recommendation is to buy for the target price of Rs 325 and a stop loss Rs 267. The stock has broken out from a triangular pattern on the upside and has started making higher top and higher bottom. On the daily chart momentum indicator has given a positive crossover.

Bank of Baroda: Here again the recommendation is sell for the target price of Rs 800 and stop loss at Rs 890. The stock has broken down from a triangular pattern on the downside and has started making lower tops and lower bottoms. On the daily chart, momentum indicator has given a negative crossover.

Firstpost has suggested the following set of stocks for todays' market
Divi's Lab (Buy above Rs 789, target Rs 815)
Titan Industries (Buy above Rs 219.50, target Rs 230)
EIHotels (Buy above Rs 86.55, target of Rs 90)

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GoodReturns.in DISCLAIMER: GoodReturns 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. GoodReturns 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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