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

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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.

IDFC: For this stock the recommendation is sell with target price of Rs 97 and a stop loss at Rs 114. The stock has formed a "Bearish Engulfing" Japanese candle stick pattern.

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: Sell the stock for a target of Rs 72.60 and stop loss at Rs 83.10. The stock is forming a "bearish flag" pattern on the hourly chart. On the daily chart, the ADX indicator shows that the downtrend is gaining strength.

Titan: Here, Kulkarni has recommended a buy on the stock for a target price of Rs 218 and a stop loss at Rs 206. The stock has given a downward sloping trend line breakout at Rs 208. The momentum oscillators indicate high probability of an up-move. 

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.

ONGC: For this oil marketing company the recommendation is a sell below Rs 260 for a target of Rs 250. News of the ONGC follow-on public offer (FPO) resulted in the stock falling by nearly 5%, however, latest reports show that ONGC"s sales will be affected by 3% as its production is expected to fall due to lower recovery from wells. This can have a further impact on its stock price.

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.

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Story first published: Monday, September 5, 2011, 8:51 [IST]
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