Here is a list of Stocks to Buy, Stocks to Sell, Stocks to Long, Stocks to Short, Stocks to Watch for Today 12-August-2013.
1.
Colgate Palmolive (India)
Colgate Palmolive (India) has made a morning star pattern on
daily chart and on the weekly chart it has made a hammer pattern. So we may see
a recovery. This stock can test Rs 1,350 in next one-two trading sessions.
You can BUY Colgate Palmolive (India) at current levels with
a stop loss of Rs 1,275.
2.
Tata Motors
Tata Motors is facing a lot of resistance on higher levels.
On Thursday it fell sharply and closed below the 200 day moving average (DMA).
So we may see some more selling pressure in the coming days. Stock can test Rs
265 in next one-two trading sessions.
You can go SHORT Tata Motors at current levels with a stop
loss of Rs 285.
3.
Zee Entertainment
Enterprises
My first pick for the day is going long on Zee Entertainment
Enterprises. Overall trend in the stock is positive, which is depicted by
formation of higher tops and higher bottoms on its daily chart. Currently, the stock
is trading near its important support of Rs 235 and expects stock to bounce
back from current levels.
It is recommended to LONG Zee Entertainment Enterprises at
current market price with a target price of Rs 255 and Rs 260, maintain stop
loss below Rs 230.
4. Union Bank of
India
My second pick for the day is going short on Union Bank of
India. Overall trend in a stock is negative, which is depicted by formation of
lower tops and lower bottoms on its daily chart. Last week’s derivative data
indicates aggressive short build up in a stock. Currently, the stock is trading
near its important resistance of Rs 125.
We expect supply in a stock from current levels and recommend
going short in a range of Rs 120-123 with a target price of Rs 112, maintain
stop loss above Rs 128.
5. Biocon
My first stock call is a buy on Biocon with a target price
of Rs 360 and a stop loss at Rs 320. The stock has given a cup and handle
breakout, which gives us a target of around Rs 400 in the short-term to
medium-term. This is a major breakout and every dip should be used to buy. We
expect the stock to outperform over the next one-two months in a big way.
You can BUY Biocon with a target price of Rs 360 and a stop
loss at Rs 320.
6. Bharti Airtel
My second stock call is a buy on Bharti Airtel with a target
price of Rs 350 and a stop loss at Rs 330. This is a stock, which has been in a
range for a very long time and has contracted in a triangle. The triangle
breakout came around Rs 320 levels. After moving upto Rs 355, the stock
retested the same levels. We expect the stock to turn from here and head up
towards Rs 360 to Rs 400 in the medium-term.
You can BUY Bharti Airtel with a target price of Rs 350 and
a stop loss at Rs 330.