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Stock Tips for Sept 5, 2011: Buy Mahindra & Mahindra Financial Services


Stock Tips for Sept 5, 2011: Buy M&M Fin
The stock tips by analysts include stock like Mahindra & Mahindra Finance along with SKS Micro-Finance, Financial technologies and many more. Many of the stocks are for intra-day trade but there are also some that will take time to play out.

Sharetipsinfo has recommended the stock of Mahindra & Mahindra Financial Services for today's trading. Buy the stock around Rs 652 and a stop loss at Rs 628.


The website, technicalanalysisofstocks, has recommended a buy on the stock of SKS Microfinance. There is a technical bounce back expected in the stock. The sop loss is recommended at Rs 198 with the target price set at Rs 218.

Shardul Kulkarni, Sr Technical Analyst, Angel Broking, recommends the following stock in Economic Times but they are all to be traded with a longer time-horizon, 2-3 weeks.

Financial Tech: For this stock, the recommendation is to buy the stock with a target price of Rs 796 and a stop loss should be placed at Rs 746.50. On the weekly chart, the stock has given a confirmation of "Bullish Harami" Japanese candle stick pattern. The momentum oscillators on the daily chart are positively poised.


TCS: Sell this stock representing the Information Technology sector, with a target price set at Rs 960 and stop loss at Rs 1,034. The stock faces trend line resistance near Rs 1,074. Also the "Bearish Engulfing" Japanese candle stick pattern, in addition to a negatively poised RSI indicate a further fall.

IndiaBulls Real Estate


Meanwhile Firstpost has recommended stocks based on events and technicals. Today's tips include -

Ambuja Cements: sell the stock below Rs 134.80, and a target of Rs 130. After a strong showing on the monthly sales numbers, Ambuja Cements received a boost on announcement of tie-up with the railways for supplying railway sidings. The stock however, looks weak as it closed near the low of the day despite positive news flows.



Bank of India: Sell the stock Rs 309, placing the target price of Rs 300. Despite a smart recovery in almost all banking stocks, Bank of India failed to bounce back. The stock closed near the low of the day on Friday. A fall below Friday"s low can take the stock down further.

Your feedback is valuable to us. If you have an opinion, a question or would like to share your thoughts on stocks, investments, business policy or companies mail at money(at)oneindia(dot)co(dot)in or at md.shoaib(at)oneindia(dot)co(dot)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, September 5, 2011, 8:51 [IST]
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