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.

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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.

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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.

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Src: Economictimes.Indiatimes.com