Intraday Technical Stock Picks - August 24, 2010

Posted by admin in Mid Term Picks, Trading on Aug 23rd, 2010 | no responses

Following technical stocks have been recommended for intra-day trading on Aug. 24, 2010:

ICICI Securities:

Allahabad Bank: Buy above Rs 217.20 for target of Rs 220.50/222/Higher and stop loss of Rs 215.50.
Cipla: Buy above Rs 319 for target of Rs 324/327/Higher and stop loss of Rs 316.40.
Opto Circuit: Sell below Rs 267.90 for target of Rs 263/261/Lower and stop loss of Rs 270.50.
ITC: Sell below Rs 159 for target of Rs 156/155/Lower and stop loss of Rs 160.50.

Fairwealth Securities:

Adani Enterprises: Buy above Rs 661 for target of Rs 670-680 and stop loss of Rs 652.
Hindustan Petroleum Corporation: Buy above Rs 546 with stop loss of Rs 533 and target of Rs 559-580.
Polaris Software Lab: Buy around Rs 177 with stop loss of Rs 173.90 and target of Rs 183-188.

Mansukh Securities and Finance:

Southern Petrochemical Industries Corporation (SPIC): Buy near Rs 24 with target of Rs 24.5-25 and stop loss of Rs 23.5.
Nissan: Buy near Rs 43 for target of Rs 44-45 and stop loss of Rs 42.
Creative Eye: Buy near Rs 8.8 for target of Rs 9.1-9.4 and stop loss of Rs 8.5.
VLS Finance: Sell near Rs 26 for target of Rs 23-24 and stop loss of Rs 27.

Mangal Keshav Securities:

Siemens: Buy above Rs 708 for target of Rs 740 and stop loss of Rs 700. The stock looks bullish above Rs 708 and a correction should be used to initiate a fresh long position.