Stock Tips for Sept 20, 2011: Buy Delta Corp, Kiri Industries

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Stock Tips for Sept 20, 2011
Based of Technical analysis, the recommendation by Analysts is for intra-day or in the case of some stocks it could come out over few days. The recommendations include stocks like BHEL, Kirii Industries, Kiri industries and amany more.

Sharetipsinfo, has recommended to buy Delta Corp above the price of Rs 113 and a target of Rs 117 and a stop loss at Rs 110.

The website, technicalanalysisofstocks, recommends the stock of Kiri Industries with a stop loss at Rs 140 and a target price of Rs 157. The stock has crossed its 13 day moving average.

AK Prabhakar, Senior VP-Equity, Anand Rathi Financial Services, in Economic Times.

Gujarat State Fertilizer & Chemicals: This stock has a buy recommendation with a target price of Rs 467 and a stop loss at Rs 427. The stock has closed at an all-time highest level on daily charts, after breaking away from pole & pennant formation. The stock is in an uptrend trading above all major averages with 20DMA Rs 406 being the nearest one.

IRB Infrastructure Developers: Here too the recommendation is buy with a target price of Rs 183 and a stop loss of Rs 165. The stock has made high in 32 trading days and trades above 20 DMA Rs 158 & 100 DMA Rs 165. Now, the next target could be 200 DMA Rs 184 and a falling trendline resistance is also seen. The stock has been making higher low and higher high which strengthen bullishness in the stock.

Gitanjali Gems: The target price is for Rs 364 and a stop loss at Rs 337. The stock, after making a 52-week high of Rs 351.5, is consolidating. And now again, strength is seen in the stock and good breakout above the previous high is possible. The stock trades above all major averages, indicating strength for the stock.

Sterlite Industries: There is a sell recommendation with the target price of Rs 121, stop loss Rs 136. The stock has made a lower high and normally lower low can lead to lower levels as the stock has closed near 20 DMA Rs 129. The stock is trading near a 28-month low of Rs 120, and in short term, a weaker stock corrects fast.

Bharat Heavy Electricals: Here too Prabhakar has recommended a sell with a target price of Rs 1,581 and a stop loss at Rs 1,700. The stock has closed at its lowest level in 124 weeks breaking the previous low of Rs 1,660, which is breakdown from a trading range. The stock has formed Head & Shoulder formation, which indicates weakness in the stock.

FirstPost has recommended the following stock

Oracle Financial: This stock has buy recommendation above Rs 1,837, target is of Rs 1875. Oracle Financial has announced the launch of its new software which is Basel II compliant. This stock will see momentum on news.

Balrampur Chinni: Sell the stock if it goes below Rs 50, target of Rs 48. International sugar prices have taken a hit on news of a bumper crop in Brazil. Most of the sugar stocks are trading near their year"s low. Balrampur Chini has taken a support at it previous low and closed near the low of the day. A move below this low can be sharp.

ONGC: This stock should be sold below Rs 268.20, target of Rs 260. Reports suggest that government is contemplating to double ONGC"s share to fuel subsidy as it takes step to cut expenditure and reduce the fiscal deficit. Though the stock has gone up on the news that the company is canceling its follow-on public offer, but if the government reverses, it can send the stock to a new low.

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