The Indian stock market is poised to go up as the technical default by US was resolved after the bill regarding extension of debt ceiling passed the senate and the President signed it to a law.

Sharetipsinfo has suggested to sell the stock of Tata Steel below Rs 564 with a target price of Rs 556-550 and a stop loss at Rs 568. The recommendation is for intraday trading.

The website, technicalanalysisofstocks, recommends to buy the stock of Rashtriya Chemical & Fertilizer with a target price of Rs 86 and a stop loss at Rs 72.

Rajesh Jain EVP & Head - Retail Research, Religare Securities, has given the following recommendation for today's trading.

Dr Reddy's Laboratories: Jain's recommendation for this scrip is buy with for a target price of Rs 1720 and stop loss at Rs 1555. After hitting all time high around 1854 levels it has shown a correction and taken support around its 200 EMA on daily charts and underwent consolidation. It is now forming inverted head and shoulder pattern on daily charts and is on the verge of breakout from the same.

Firstpost have picked the following 9 stock for the day: Neyveli Lignite, Reliance Industries, JSW Energy, Jindal Saw, Dena Bank, Asian Paints, Bhel, Jindal Saw and Kotak Bank.

Your feedback is valuable to us. If you have an opinion, or would like to share your thoughts on stocks, investments, business policy or companies mail at [email protected] or at [email protected]

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.