Stock Tips for Oct 3, 2011: Buy RCom in derivatives, Sunteck

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Stock Tips for Oct 3, 2011
The recommendations by analysts are based on technical analysis. In all there is a wide set of industry that has been covered under the recommendations.

Sharetipsinfo has recommended positional futures on RCom 75 CE (Call options, European on Nifty). The buy should be made around Rs 4.10-3.80; target price is Rs 8-10 and stop loss at Rs 1.50.

The website, technicalanalysisofstocks, has placed a buy on Sunteck with target price of Rs 330 and stop loss at Rs 294. There is a long-leg doji near minor top with high volume.

Parag Doctor, AVP-Technical Analyst, Motilal Oswal Securities, has recommended the following stocks for stock tips.

Bharti Airtel: There is a buy recommendation with the target price of Rs 400 and stop loss at Rs 365. The stock has developed support around the 200 DMA, which is at Rs 367 after correcting from the August high at Rs 447. The 14-day RSI is still in the oversold zone.

Petronet LNG: Here too there is a buy recommendation with the target price Rs 172 and a stop loss at Rs 152. The stock has corrected sharply from 186 levels in August to Rs 152 levels in September. The 14-day RSI is moving up from the oversold zone. The stock is expected to recover to Rs 172 levels around the 50-DMA resistance with a stoploss of Rs 114.5.

Power Grid Corporation of India: For this stock also there is a buy recommendation with the target price of Rs 105 and a stop loss at Rs 95. The stock has fallen from the July high at Rs 112 to the multiple support zone around Rs 95 levels. The stock has shown strength by crossing the 20 DMA.

DLF: The real estate company has a recommendation of sell with target price of Rs 190 and stop loss at Rs 235. The stock has moved up sharply from Rs 173 levels seen in August to come close to 200 DMA which is at Rs 233.

Jindal Steel & Power: There is also a sell recommendation on the stock with the target price of Rs 450 and stop loss at Rs 535. Jindal Steel and Power faces overhead resistance at Rs 525-540 levels from medium-term averages. The 14-day RSI has broken below equilibrium.

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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.

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