Stock Tips for today, Aug 12, 2011: Buy Bhushan Steel

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Stock Tips for today, Aug 12, 2011
We bring you the stock tips to make profit on intra-day trades. These tips by professional experts are some of the best in the business. Today's tips are as following.

Sharetipsinfo has recommended to buy the stock of Bhushan Steel for future intraday when the stock goes above Rs 345 for the target price of Rs 355 and a stop loss at Rs 340.

Meanwhile, the website, technical analysis of stocks have placed a buy recommendation on the stock of Timken for the target price of Rs 232 and stop loss at Rs 203.

Alex Mathews, Research, Geojit BNP Paribas Financial Services, has recommended the following stocks for today in Economic Times. 

Exide: There is a buy recommendation with a target price of Rs 173 and a stop loss at Rs 152. The stock hasfinished its intermediate downtrend, and it has started trading above its 200DMA and is likely to trade higher. The medium term moving averages like 200, 100, 50 and 10 has given a bottomed out pattern and the firm volumes are also suggesting positive outlook for the stock.

Amtek Auto: For this auto company, the recommendation is buy with a target price is Rs 171 and a stop loss at Rs 147. The stock has got firm support at Rs 145.7 (200 DMA) and has started trading towards its 50 DMA at Rs 162-171. The daily charts are suggesting higher tops and higher bottoms and the stochastic is also suggesting firm outlook for the stock in the short term.

Sun Pharma: There is sell recommendation with a target price of Rs 461 and a stop loss at Rs 497. The stock is an under performer and the short term moving averages are converging the long term averages from the North is an early indication of persistent weakness. The stock has got minor support on the daily charts at Rs 476, once that level has been broken sharp down fall is expected.

Timken India: Mathews recommends this stock for a target price of Rs 238 and a stop loss at Rs 213. The stock is treading with higher volumes and the departure oscillators are suggesting firm trend to continue. The daily charts are showing higher tops and higher bottom and the oscillator chart of ROC is also suggesting the firmness to continue.

VIP Industries: For this company too, the recommendation is buy with a target price of Rs 827 and a stop loss at Rs 742. The stock is getting support at Rs 730 and it is in the oversold region. The volume growth along with price rise indicates strong outlook for the stock. The short term moving average combination of 3, 9 and 18 are giving a buying indication.

Firstpost has recommended the following stocks. Today is a sell day by firstpost.
Adani Enterprises (Sell below Rs 570, target of Rs 550)
Tata Motors (Sell below Rs 840, target Rs 800)
SBI (Sell below Rs 2241, target Rs 2200)

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