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Stock Tips for July 8, 2011: Buy CESC


Stock Tips for July 8, 2011: Buy CESC
The US stock markets managed to finish higher after some media reported that employment picture was improving. This should be a good news. In India following are the stocks that experts have mentioned.

(Also read views of Rajesh V in Traders Corner)


Sharetipsinfo suggested the stock, CESC to buy around Rs 315-316. The target price of the stock is Rs 325 and the stoploss is Rs 313. The stock is for cash intraday.

The website, Technicalanalysisofstocks, recommends to buy TV Today Network for a target price of Rs 71 and a stop loss at Rs 63. It is trying to cross the previous top with high volume.

Vaishali Parekh, Technical Analyst, Prabhudas Liladhar Securities has suggested in Economic Times the following stocks.

BHEL: Here the recommendation is to buy with the target price of Rs 2,080 and a stop loss at Rs 1,940. After a brief consolidation at Rs 1,940, this stock has shown signs of improvement with increase in volume. The indicators in hourly charts are turning positive. The upside potential in days to come is Rs 2,080.

India Bulls Real Estate: Parekh recommends a buy with a target price of Rs 125 and a stop loss at Rs 115. This stock has corrected from recent high of Rs 152 and is now set into a trending mode with rising RSI, along with other favourable indicators in hourly and daily charts and an increase in volume. We recommend a buy with stop loss at Rs 115.

Bajaj Hindustan: There is a recommendation of buy on momentum with a target price of Rs 82 and a stop loss at Rs 69. The daily chart shows a double bottom at Rs 62. Sugar stocks are in good momentum with improving volume. This stock would be a good buy in decline at Rs 69 for upside potential of Rs 82.


Jindal Steel & Power: The signal on this stock is buy according to Parekh. The target price is Rs 695 with a stop loss at Rs 635. This stock is in a rising mode with higher-bottom-higher-top formation, along with rising ADX in hourly charts, with very high volume, which indicates further strength. This stock is a good buy with support at Rs 635 for target of Rs 695.

FirstPost have recommended the following stock that should be followed today: Yes Bank, Patni Computer Solutions, Patel Engineering, Century Textile, Orchid Chemicals, Reliance Communications, Idea Cellular, Ashok Leyland and United Phosphorus.

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OneIndia Money DISCLAIMER: OneIndia Money 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. OneIndia Money does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Story first published: Friday, July 8, 2011, 9:28 [IST]
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