Stocks Tip For August 20, 2010

Stocks Tip For August 20, 2010.

They may be a gap down opening tommorow. Below is the picks for tomorrow:

Buy:

1. ICICI Bank Ltd.
Entry Level: 990-998
Target: 1005 - 1015 - 1030 and above
Stop Loss: 980 or as per your risk appetite.


2. IVRCL Infrastructure & Projects Ltd.

Entry Level: 163-164
Target: 167 - 169
Stop Loss: 159.50 or as per your risk appetite.

Comment: It looks more to be good short term picks. But intraday targets as above.


3. BGR Energy Systems Ltd.
Entry Level: 820-822
Targets: 826 - 831 - 835 and above.
SL: 817 or as per your risk appetite.


4. Rallis India Ltd.

Entry Level: 1380-1385
Target: 1398 - 1410 - 1420 and above
Stop Loss: 1375

Sell:

1. Idea Cellular Ltd.

Short-Sell Level: 68.50-70
Target: 67.50 - 66.50 - 65.
Stop Loss: 71.20


2. Jubilant Organosys Ltd.

Short-Sell Level: 332-335
Target: 330 - 328 and below (at 327 there is a slight support)
Stop Loss: 338 or as per your risk appetite.


P.S: Some may not reach the entry level, so gave 6 picks for tomorrow.


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.


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.