Top Picks for Medium Term - Aug 03, 2010

Posted by admin in Companies, Mid Term Picks on Aug 2nd, 2010 | no responses

Shown below are some of the stocks suggested for medium term investment Alex K Mathews, Head, Research, Geojit BNP Paribas Financial Services. (Source: Economic Times)

REC

RECOMMENDATION: Buy
Last Close: Rs 314
Target: Rs 366
Stop Loss: Rs 296
It breached its high with increased volume, suggesting investor interest in this stock. The monthly charts suggest a resistance at `338. The 200, 100, 50 and 10-day moving average suggest the medium-term uptrend may sustain.

Shriram EPC

RECOMMENDATION: Buy
Last Close: Rs 271
Target: Rs 344
Stop Loss: Rs 252
The stock was moving in a tight range of 240-280 levels for the last 3 months offers a strong break out towards north. The daily MACD has given a positive divergence along with 5-day stochastic. The stock faces immediate resistance at 292.

Kotak Mahindra Bank

RECOMMENDATION: Buy
Last Close: Rs 783
Target: Rs 835
Stop Loss: Rs 760
The monthly MACD and stochastic have given a buy signal, it is supported by the weekly charts. The stock has immediate resistance at 808. As the extreme short-term oscillators are in the buy mode,there may be smooth sailing towards the target.

McLeod Russel (India) Ltd

RECOMMENDATION: Buy
Last Close: Rs 231
Target: Rs 270
Stop Loss: Rs 217
The weekly and monthly MACD have given a buy signal, along with monthly stochastic. The 10/5 departure oscillators have given a buy signal and they are moving towards the equilibrium giving a strong outlook for the stock.

PFC

RECOMMENDATION: Buy
Last Close: Rs 325
Target: Rs 361
Stop Loss: Rs 312
The stock has completed its correction and has given a buy signal on the long term charts. The stock has immediate resistance at `342. The monthly moving average combination of 3, 9 and 18 has given a firm outlook for the stock.