Stock Tips for today, Aug 18, 2011: Sell Sterlite Industries

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Stock Tips for today, Aug 18, 2011: Sell Sterlite Industries
Today's stock tips includes stocks like Sterlite Industries, Aanjaneya and many more. The tips were given by some of the most successful traders in the country and we have collected it for your convenience.

The website technical analysis of stocks recommends the stock of of Aanjaneya with a target price of Rs 480 and a stop loss at Rs 431. The consolidation is coming at the near minor top.

Shrikant Chouhan, Senior Vice-President (Technical Research), Kotak Securities, uses his expertise to choose the following stocks that any trader can consider to make profit during the day.

Sterlite Industries: Chouhan considers a sell on this stock with a target price of Rs 115 and a stop loss at Rs 144. The stock has broken sideways consolidation between 190 and 150. As per pattern we can expect 110 to 115 in next few weeks. Trading short is advisable with medium term positional view. Weekly charts are into long term weakness.

Axis Bank: The bank too has a sell recommendation on it with a target price of Rs 1085 and a stop loss at Rs 1201. It has witnesses steep sell off from 1370 levels and is pausing its trend between 1170 and 1235. However, sustenance below 1180 may result into break of 1170 and below that we may expect even 1085 in the near term. Trade short at current and around 1190.

Chambal Fertilisers & Chemicals: For this fertilizer company the recommendation is to buy with the target price being Rs 112 and a stop loss at Rs 98. The stock has formed classic cup with handle and broke the level of. In the short term, 100/99 will act as a one more support and reversal from these levels may lift to 110/112 levels. Our advice is to hold with a final target of 135 in next couple of months.

Bharti Airtel: The telecom company too has a buy with a target price of Rs 385 and a stop loss at Rs 435. The stock is in long term break out mode. Even volumes are encouraging and might attract more around 390 levels with a medium term view. Buying is advisable with a minimum price target of 435 but in the long run we may even expect 500 on the higher side.

Firstpost recommends
Areva T&D (Buy above Rs 223.70, target of Rs 230)
Cipla (Buy above Rs 291.50, target of Rs 300)
Dish TV (Sell below Rs 85.10, target of Rs 83)

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