Stocks to SELL Today
1. Tata Steel
SELL Tata Steel September Futures below Rs. 277 with the
TARGET of Rs. 252 and STOPLOSS of Rs. 286.
Why to SELL?
The stock has seen a sharp run of 45% in the month of
August. First signs of cooling off are seen in this counter. We can see the
stock is facing resistance around Rs. 280-285 odd levels which is acting as a
strong supply zone for the counter since the month of June. Now the stock has
seen a vertical rally which is bound to see some corrections in the near-term.
2. Siemens
SELL Siemens with the TARGET of Rs. 432 and STOPLOSS of Rs. 452.
Why to SELL?
Siemens has broken an important support of Rs 450 on closing
basis. Hourly momentum has entered into bearish zone. Price is tagging on the
lower Bollinger band.
Stocks to BUY Today
1. Idea Cellular
BUY Idea Cellular at current level with the TARGET of Rs.
175 and STOPLOSS of Rs. 154.
Why to BUY?
The stock is a classic case of buy on declines. The stock
has been moving along nicely with the support of its 50-day moving average
since the month of June. Recently it hit a high on Rs 177, then went through a
mild correction. Again the stock found support at its 50-day moving average.
2. Hero Motocorp
BUY Hero Motocorp above Rs. 1,960 with the TARGET of Rs.
2,070 and STOPLOSS of Rs. 1,900.
Why to BUY?
The first stock that we will recommend is a buy call with
regards to Hero Motocorp . The stock continues to move in a good strong higher
top-higher bottom cycle and the momentum oscillators are positively poised.
3. United Phosphorous
BUY United Phosphorous above Rs. 148 with the TARGET of Rs.
161 and STOPLOSS of Rs. 142.
Why to BUY?
It has been consolidating in a sideways range over the last
six to eight trading sessions. The candlestick pattern formation as well as the
volumes in yesterday's trading session indicate that any move beyond the levels
of Rs 148 will attract further buying in case of this counter.
4. Opto Circuits India
Why to BUY?
BUY Opto Circuits India with the TARGET of Rs. 26-27 and STOPLOSS
of Rs. 25
It has been consolidating between Rs 24-25 in last few days.
Yesterday it managed to close above Rs 25 levels with volumes on daily chart.
