Best Stocks to Buy on 26th September 2013

Stocks to Buy on 26 September 2013 

1. Idea Cellular 

BUY Idea Cellular above Rs 168, TARGET Rs 178 and STOPLOSS Rs 163

Why to Buy Idea Cellular?

The stock has been in a bull market since the start of April. It is an ideal example of an up trending stock. Since August the stock corrected and then consolidated and on Wednesday it broke off from a triangular bullish pattern.

2. Apollo Hospitals Enterprises

Buy Apollo Hospitals Enterprises above Rs 920, TARGET Rs 990 and STOPLOSS Rs 890

Why to buy Apollo Hospitals Enterprises?

The stock has done nothing in the last one month besides trading in a band of Rs 890 and Rs 840. On Wednesday it crossed above the upper end of this trading band giving an upside breakout. Our view is further validated after the stock gave a close above 52 day moving average. If the stock holds up above Rs 930 in next couple of trading sessions then we can see huge upside.

3. Dr Reddys Laboratories 

Buy Dr Reddys Laboratories  at CMP, TARGET Rs 2520 and STOPLOSS Rs 2360

Why to buy Dr Reddys Laboratories ?

The stock is at a lifetime highs and is moving in a very strong higher top-higher bottom cycle plus there is a cup and handle breakout on the daily chart.

4. Reliance Communications 

Buy Reliance Communications at CMP, Target Rs 166, 168 and STOPLOSS Rs 158

Why to buy Reliance Communications?

This stock has managed to close above important resistance of Rs 160 on daily basis. It has formed a bullish candlestick pattern on daily charts. Hourly momentum has entered into bullish zone again

5. Union Bank of India 

Buy Union Bank of India at CMP, TARGET Rs 112, 124 and STOPLOSS Rs 112

Why to buy Union Bank of India ?

Union Bank of India has come to support of 61 percent retracement of the recent rally from Rs 95 to Rs 145 forming a bullish candlestick pattern on daily charts. Hourly momentum entering into bullish zone.

Stocks to Sell on 26 September 2013

Unitech October Futures

Sell Unitech October Futures at CMP, TARGET Rs 15 and STOPLOSS Rs 17

Why to Sell Unitech October Futures?

The stock is moving in a very strong lower top-lower bottom cycle and in yesterday’s trading session it has given a trend line breakdown on the daily charts.

Other Stocks you can buy on 26 September 2013 are:


BHEL, Firstsource Solutions, Zee Entertainment, Dena Bank, Apollo Hospital, Thomas Cook, TATA Motors, Idea Cellular.

Top 10 Stocks to Buy Today on 12 September 2013

1. Delta Corp. 

Buy Delta Corp, TARGET 73, 75 and STOPLOSS 61

2.  Opto Circuits India

Buy Opto Circuits India, TARGET 29 and STOPLOSS 26

3.  Tata Power

Buy Tata Power Company, TARGET 80 and STOPLOSS 71

4. Voltas

Buy Voltas, TARGET 75 and STOPLOSS 66

5. Dhanlaxmi Bank

Buy Dhanlaxmi Bank, TARGET 36.50 and STOPLOSS 34

6. PVR

Buy PVR, TARGET 428 and STOPLOSS 414

7. CEAT

Buy Ceat, TARGET 115 and STOPLOSS 110

8. Tata Global Beverage

Buy Tata Global Beverage, TARGET 154 and STOPLOSS 148

9. SAIL

Buy SAIL, TARGET 53.30 and STOPLOSS 50

10. UBI

Buy Union Bank of India, TARGET 124.50 and STOPLOSS 113

Top Intraday Stocks to Buy Today on 29th August 2013

Jaiprakash Associates 

Buy Jaiprakash Associates with the TARGET of Rs. 40 and STOPLOSS of Rs. 31

Reason to Buy the Stock: The stock has been building a base for most part of this month despite the carnage in the broader markets. Now after a period of sideways consolidation between Rs. 29-33 the stock has finally confirmed a breakout on the upside. 

WIPRO

Buy Wipro above Rs. 470 with the TARGET of Rs. 495 and STOPLOSS of Rs. 460

Reason to Buy the Stock: IT stocks have been a safe haven in this bear market. Both Infosys and TCS have seen a significant upside in these intraday sessions. Now Wipro has confirmed a breakout from a three year long trading pattern. Stock was attempting to breakout the level of Rs. 470 for quite a while and on Wednesday it confirmed the same. 

MRF

Buy Wipro above Rs. 13000 with the TARGET of Rs. 14000 and STOPLOSS of Rs. 126000

Reason to Buy the Stock: The daily chart of MRF shows that the prices are near an important trend line support level whereas the momentum oscillators are extremely oversold.

National Mineral Development Corporation

Buy National Mineral Development Corporation above Rs. 117 with the TARGET of Rs. 130 and STOPLOSS of Rs. 109

Reason to Buy the Stock: While the market has corrected significantly in the last four trading sessions, NMDC has been consistently trading above the levels of Rs. 110. The daily chart structure shows a sideways consolidation in the range of Rs. 110-120 and the price action in yesterday’s trading session shows that if the stock moves above the level of Rs. 170 significant upside can be seen in the next few trading sessions

Ranbaxy Laboratories

Buy Ranbaxy Laboratories with the TARGET of Rs. 430 and STOPLOSS of Rs. 410

Reason to Buy the Stock: Yesterday it gave a sharp move crossing important level of Rs. 400. Its momentum has entered into bullish zone on daily chart.

Tata Consultancy Services (TCS)

Buy Tata Consultancy Services with the TARGET of Rs. 1945, 1950 and STOPLOSS of Rs. 1880

Reason to Buy the Stock:  It is making higher tops and higher bottoms since a long time, outperforming the market as well as the sector. Yesterday it managed to cross above the important resistance of Rs. 1900. I expect the move to continue.