Stock Tips for today, Aug 16, 2011: Buy UB Holding

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Stock Tips for today, Aug 16, 2011: Buy UB Holding
Today the market is likely to be in an upbeat mood and stocks like UB Holding, Ambuja Cement and many more are expected to perform well.

The indices in India are expected to open positive and the over all market is expected to gain since US closed on the positive with gains of 1.90%. This could give impetus to the Indian stock market too.

Sharetipsinfo recommends to sell Nifty around the mark of 5105 for a target of 5045-5020. Here the stop loss should be at 5145. This recommendation is for future intraday.

The website, technicalanalysisofstocks, recommends to buy the stock of UB Holding for a target price of Rs 135 and a stop loss at Rs 120. The technical signal was the 13 day moving average curve crossed.

Shardul Kulkarni, Sr. Technical Analyst recommends the following four stocks in Economic Times.

Patni Computer Systems: Here the recommendation for the stock is sell with the target price of Rs 270 and a stop loss at Rs 286.20. The stock has given a bearish flag-pattern breakdown on the weekly chart. The momentum oscillators on weekly chart are negatively poised. Sell this stock only below Rs 281.50 for a target of Rs 270 in coming 2-3 weeks.

Biocon: For this pharma company too the recommendation is to sell with a target price of Rs 308 and a stop loss at Rs 342.30. The stock has temporary support on an upward sloping trend line at Rs 332.50. The momentum oscillators on weekly chart suggest a possibility of a breakdown from this support level. Sell this stock only below Rs 332.30 for a target of Rs 308 in coming 2-3 weeks.

Ambuja Cement: Kulkarni suggests to buy this stock for a target price of Rs 142 and a stop loss at Rs 128.50. The stock has bounced back from its historical support level of Rs 120 and formed a bullish-engulfing Japanese candlestick pattern on the weekly chart. The RSI-smoothened momentum oscillator suggests a possible up move. Buy only above Rs 132.50 for a target of Rs 142 in coming 2-3 weeks.

Electrosteel Castings: There is a buy recommendation on this stock too with a target price of Rs 39 and a stop loss at Rs 27.20. The stock has given a downward sloping trend line breakout at Rs 29.20 with significant rise in volumes. The momentum oscillators on weekly chart are positively poised. Buy this stock on declines up to Rs 29.50 for a target of Rs 39 in coming 3 -5 Weeks.

Firstpost has recommended the following stocks

Coal India (Buy above Rs 388, target of Rs 400)
Hindalco (Sell below Rs 149, target of Rs 142)
Idea Cellular (Buy above Rs 93.60, target Rs 99.50)

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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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