Stocks Picks Given To Premium Members For August 31, 2010..

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Stocks Picks For August 31, 2010:

The US market closed with a deep cut so there is high chance that our market will be weak tomorrow. Below are the picks:

Sell:

1. JET AIRWAYS (INDIA) LTD.

Entry Level: 756 - 760
Target: 751 - 747 and below
Stop Loss: 765 or as per your risk appetite.

2. IDBI Bank Ltd.

Entry Level: 120.50 - 122.
Target: 119.50 - 118.50 and below
Stop Loss: 124 or as per your risk appetite.

3. Tata Coffee.

Entry Level: 486.50 - 488.50
Target: 483 - 480 and below
Stop Loss: 492 or as per your risk appetite.

4. Network 18 Media & Investments Ltd.

Entry Level:  156.50 - 157.50 
Target: 155.50 - 154.50 and below
Stop Loss: 159 or as per your risk appetite.

5. Hindustan Unilever Ltd.

Entry Level: 262 - 264.
Target: 260.50 - 259 and below
Stop Loss: 266 or as per your risk appetite.

Note: Keep booking partial profits and keep increasing the stop loss with every significant rise in the stock price or try to make the stop loss atleast your buying price. If a stocks opens high and reach the buy/sell level only in the second half of the day (after 12.30 PM), please do not initiate a trade.

Disclaimer: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Traders should take decision using their own discretion. The calls are given after thorough study but is not guaranteed as to accuracy and completeness.

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