23 October 2009

Top 5 picks of the day

Top 5 picks of the day

ET Bureau

Indian shares fell for the third straight session and closed 1.3% lower on Thursday to their lowest in two weeks, hurt by a decline in global equities and as results from engineering firms failed to cheer. The 30-share BSE index, Sensex, closed 1.29% or 219.43 points lower at 16,789.74, its lowest close since October 9. Only 6 of its components closed in the red.



Check out top five picks of the day by Anu Jain, vice-president, IIFL Pvt Wealth Management

(Views expressed are personal. The chartist may have interest in some or all the stocks.)


Yes Bank
23 Oct 2009, 0654 hrs IST


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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

Recommendation: Buy

Last Close: Rs 248

Target: Rs 242

Stop Loss: Rs 265

The stock has been on a sharp breakout. It has made its 52-week high at 262+ one day prior to results. The stock is trading comfortably over 10 Day Moving Average of 222. Overbought on oscillators , but MACD strongly positive.



Nifty
23 Oct 2009, 0650 hrs IST


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Recommendation: Sell

Last Close: 5002

Target: 5068

Stop Loss: 4945/4885

Nifty opened weak on global cues. First short signal emerged when Nifty could not hold 5,070 level, the second signal emerged when after flirting with 5,020-5,030 support, the market finally gave way to sub 5,000 levels.



i Infotech
23 Oct 2009, 0609 hrs IST


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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

Recommendation: Buy

Last Close: Rs 94.7

Target: Rs 91.9

Stop Loss: Rs 99

Currently, the stock is in a band of 92-98. The stock has been taking support at 20 DMA of 92. Trend saturation visible for current trend of consolidation. It looks likely to cross target of 99 and move to 105 levels.



More on this: Top 5 picks of the day

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Mid-term picks

ET Bureau

Broking house Sharekhan has suggested following five stocks for mid-term picks of the day.

DISCLAIMER: The views expressed in these pages are from brokerages, analysts and fund managers. Readers should seek professional investment advice before acting on any recommendation. ET does not associate itself with the choices.

Click NEXT to see the Mid-term picks.

TCS
23 Oct 2009, 0645 hrs IST


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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

BUY

MARKET PRICE: Rs 627.50
TARGET PRICE: Rs 674

In terms of the demand environment, TCS sees opportunities in the BFSI vertical in the near term on the back of M&A and integration work, and increase in the discretionary spending. The management believes in the bottoming out of the manufacturing, telecommunications and hi-tech verticals.



More on this: Mid-term picks



Src: Economictimes.Indiatimes.com

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