Stocks Tip For August 25, 2010.

Stocks Tip For August 25, 2010.

The global market looks weak and it will this time surely have an effect on our market. I think tomorrow may be a gap down opening. Below are my picks:

Buy:

1. Max India Ltd.

Entry Level: 153-155.50

Target: 157 - 158 and above

Stop Loss: 151


2. Hanung Toys & Textiles Ltd.

Entry Level: 272- 274

Target: 277 - 279.50 - 282 and above

Stop Loss: 269.50 or as per your risk appetite.

Sell:

1. WIPRO LTD.

Entry Level: 407- 410

Target: 405 - 402 and 400 and below.

Stop Loss: 413 or as per your risk appetite.


2. Corporation Bank

Entry Level: 609.50-612

Target: 607 - 604 and below

Stop Loss: 614 or as per your risk appetite.


3. Jay Shree Tea & Industries Ltd.

Entry Level: 155-157

Target: 153.50 - 152 and below

Stop Loss: 159.20 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.


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.