Stock Picks For August 5, 2010:

BUY:

1: Ackruti City Ltd:

CMP: 515.35

Target: 522 - 525 - 530

Stop Loss: 510 or below or as per your risk appetite.

Comment: You can carry forward the position if it closes above 525 tomorrow. But intraday targets as mentioned above.



2. Hinduja Ventures:

CMP: 379.45

Targets: 384 - 390 - 399

Stop Loss: 370 or below or as per your risk appetite.

Comment: You can carry forward the position if it closes above 387 tomorrow. But intraday targets as mentioned above.


3. Jay Shree Tea & Industries Ltd:

CMP: 316.15

Targets: 323 - 330 - 341

Stop Loss: 312


4. Indiabull Financial Services:


CMP: 169.90

Target: 174 - 177 - 180

Stop Loss: 162

Sell:


1. V-Guard Industries Ltd (Sell).

CMP: 154.10 (Sell at every rise above cmp)

Target: 150 - 146 - 140

Stop: As per risk appetite.

Comment: Over-bought.


2. Prime Focus (SELL):

CMP: 469.80 (Sell at every rise above cmp)

Target: 461 - 455 - 448

Stop loss: As per risk appetite.

Comment: Over-bought.


Disclaimer: I too trade in these stocks.