Intraday Tips Market Trend
Customers 9.9out of 10 based on 3901 user ratings

Intraday Tips

Intraday Stock Tips 17 August 2011

The  stocks below are the top picks for the day that offer a wide array of choices to retail as well as long-term investors.

1.  Aban Offshore  Sell below Rs 380.50, Target of Rs 360.

Aban has been falling since announcement of its results. The company is sitting with unutilised rigs and the current low rig rates do not augur well for its future. Selling is likely to continue in the stock if Rs 380.50 is broken.

2.  Aditya Birla Nuvo  Sell below Rs 870, Target Rs 850.

Strong results announced over the weekend resulted in a brief euphoria in Aditya Birla Nuvo. The stock moved up sharply in the opening hours, but ended up near the low of the day at Rs 870.25. The stock has taken support near the Rs 870 levels, from where it has bounced back twice over the last week. A fall below this level can take it down to Rs 850.

3.  Cairn has been closing near the highs of the day over the past four days.

Cairn  Buy above Rs 283, target Rs 300.

Despite the fall in the market, Cairn has been closing near the highs of the day over the past four days. The stock has seen some selling pressure at Rs 283 over the past four days from where it has reacted downwards. A move above this selling zone can take the stock to Rs 300 levels

Source :- First Post 

      Posted by:     
Intraday Tips Updated at: 9:04 AM
Interested in *
Stock Cash Stock Futures
Nifty Futures Options
Bullion MCX Agri NCDEX

Search This Blog

Disclaimer :- The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended.The author will not be held responsible for any loss incurred by following the advice.