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Stock Tips for Aug 29, 2011: Buy Sesa Goa, HPCL

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Stock Tips for Aug 29, 2011: Buy Sesa Goa, HPCL
Stock tips for August 29, 2011, includes Sesa Goa, Kwality, Titan industries, Kotak Mahindra Bank and many more. All of these have been picked by experts based on the technical analysis of stocks.
 

The Sharetipsinfo recommends to buy the stock of Sesa Goa below Rs 202 and the target price of Rs 206 and a stop loss at Rs 196.

The website, technicalanalysisofstocks, recommends to buy the stock of Kwality with target price of Rs 174 and a stop loss at Rs 162. There is consolidation near minor top.

Kunla Bothra, Sr. Technical Analyst, Manager Advisory, LKP, suggests the following stocks in Economic Times.

HPCL

Titan Industries

Kotak Mahindra Bank

Exide Industries

Ranbaxy Laboratories

First post recommends event driven stocks based on technicals. It recommends the following stocks-

Canara Bank

Canara Bank has taken support at its previous bottom of Rs 401. A small bounceback can be expected in banking stocks, which will benefit Canara Bank reach it previous resistance level.

Cipla

The Cipla stock can bounce back from its support level on news of the company tying up multinational companies for a marketing alliance.

JSW Steel

With the Supreme Court directive to suspend iron ore mining in areas from where JSW Steel used to source its iron ore, the company will now have to cut down it production even further. This can lead to selling of the stock considering an overall downward pressure in the stock market.

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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.

Story first published: Monday, August 29, 2011, 8:53 [IST]
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