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Stock Tips for today, July 14, 2011: Buy Selan Exploration Technology


Stock Tips for July 14, 2011: Buy Selan
The Indian stock market, recovered yesterday from its three-day losses and gained ground after blue-chip companies got attention from the investors. But analysts were not sure which direction the market is going to move. The important part in such situation is to remember that there are always many opportunities in individual stocks even if the direction of the broad market is uncertain. Today's recommendation by various analysts are as following.

Sharegyan recommends to buy the stock of Selan Exploration Technology at opening with a target price of Rs 340-344 and a stop loss at Rs 330.


Meanwhile, stocktipsinfo suggests GTL for intraday. Buy the stock above Rs 89 with the target price of Rs 94-94 and stop loss placed at 87.50.

The website, technicalanalysisofstocks, tells to buy the stock Eicher Motors with stop loss at Rs 1290 and a target price of Rs 1380.

Amit Trivedi, Technical Analyst, KR Choksey Shares & Securities, opines in Economic Times on 5 stock that can be traded.

Alstom: The suggestion here is to buy for it s bullish trend with a target price of Rs 580-590 and a stop loss at Rs 544. Slanting line drawn from the peak of Rs 692-587 has been surpassed on comparatively higher volumes. Although medium-term trend is negative, the close above 21 DEMA indicates short-term bounceback. The stock is likely to retest its recent peak levels around Rs 580 levels.

Ashok Leyland: Here also the suggestion to buy for its upside move with a target price of Rs 56 and a stop loss Rs 47.50. With multiple supports at Rs 45, the slanting line drawn from the peak of Rs 60.65-53 has been surpassed on higher volumes, indicating possible short term trend reversal towards upside. Accumulate for the target of Rs 56 with stop loss of Rs 52.50 on closing.

Jet Airways: There is buy recommendation on this stock too because of volume pay. The target price is Rs 550 with a stop loss at Rs 460. The stock has recovered substantially from the recent bottom of Rs 405 levels on higher volumes with positive move in momentum indicators. The outlook for the stock remains positive as long as the level of Rs 460 remains intact.


United Phosphorus: Here Trivedi recommends a sell for the stocks negative bias with a target price of Rs 149 and a stop loss at Rs 163. The stock has been consolidating with negative bias below its 50 and 200 DMA. Daily momentum oscillators are moving sideways in negative territory collaborating with corrective price move. Maintain stoploss above Rs 163 on a closing basis for short positions.

Chennai Petro: There is recommendation to sell for its bearish bias with a target price of Rs 215 and a stop loss at Rs 234. Corrective structure with lower tops and lower bottoms since April, 2010 is still intact as long as level of Rs 246 is not taken out on upside. Daily momentum oscillators are hovering around the equilibrium point with a negative bias. Maintain stoploss above Rs 234 on closing.

FirstPost has recommended the following stocks to track for the day: ABG Shipyard, Chambal Fertilisers, DCB, Indian Hotels, Allahabad Bank, Bank of Baroda, Rolta, Idea and Shriram Transport Finance.

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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: Thursday, July 14, 2011, 8:54 [IST]
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