Stock Tips for Sept 14, 2011: Sell VIP, Buy Venkys

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Stock Tips for Sept 14, 2011
Stock tips have recommendation are made on technical analysis. This include stocks like VIP Industries, and Venkys. Venky's is a major supplier of chicken to MNC food chains.

Sharetipsinfo recommends to sell the stock of VIP Industries below Rs 930. The target price for the stock is Rs 900 and a stop loss at Rs 942.

The website, technicalanalysisofstocks, recommends the stock of Venkys. The target price suggested is Rs 435 and a stop loss Rs 398. The 13 day simple moving average crossed upward.

Rajesh Jain, EVP & Head, Retail Research, Religare Securities, has recommended the following set of stocks in Economic Times.

ABB: There is a buy recommendation on this stock with the target price of Rs 915 and stop loss at Rs 842. The stock has shown a sharp bounce after taking the support from its 200 DMA on weekly charts. It is seeing consolidation since the past eight sessions. It is likely to give a break out.

Bata India: There is a sell recommendation on this stock with the target price set at Rs 625 and a stop loss at Rs 695. The stock was trading with negative divergence between the price chart and RSI oscillator on daily chart.

Bharti Airtel: The leader of the telecom industry also has a sell recommendation against it. The target price of Rs 360 and stop loss at Rs 398. After testing the upper range of the rising channel on the weekly chart, it reversed by forming head & shoulder pattern on the daily chart. It's on verge of breakdown from the same.

Cummins India: There is sell recommendation with the target price of Rs 270, stop loss should be at Rs 598. On the weekly chart, it's trading with declining bias forming lower highs and lower lows. Currently, it's trading with sideways bias forming flag pattern on the daily chart and on the verge of breakdown from the same.

Sesa Goa: There is a buy recommendation on this stock with target price of Rs 245 and a stop loss at Rs 218. After recovering sharply from the bottom, the stock is consolidating in the Rs 220-235 range. It has tested the lower band of the consolidation & shown a bounce with good volumes indicating strength.

Firstpost has recommended the following stocks for trading purpose.

Bajaj Hindusthan: Sell this stock below Rs 51.80, for a target of Rs 49. The rights issue price announced by Bajaj Hindusthan of Rs 36 per share failed to enthuse the market as the scrip saw selling immediately after the announcement till the close of market. If selling persists, the stock can break through it support level of Rs 50.

REC: This stock should be bought above Rs 170.85, target of Rs 177. REC has bounced back from the low of Rs 163 four time in the last three weeks. This can happen again.

Cairn India: Here too recommendation is buy above Rs 292.5, the target is Rs 303. Cairn India saw some movement on Tuesday inline with that of international crude oil prices. Another development which affected its price was ONGC willing to take up the issue of No-Obligation Certificate (NOC) for giving a green signal to Cairn"s takeover by Vedanta. The stock can move higher as momentum picks up.

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