Friday 18 September 2009

Sudarshan Sukhani's top five picks for today

Technical Analyst Sudarshan Sukhani of Technical Trends recommends investors to go short on Bhushan Steel with a target of Rs 1,240 a share and a stop loss at 1,336 a share. However, he also advises buying Colgate with a target of Rs 630 a share and a stop loss at Rs 610 a share, Deccan Chronicle with a target of Rs 124 a share and a stop loss at Rs 110 a share, United Spirits with a target of Rs 920 a share and a stop loss at Rs 876 and MTNL with a target of Rs 94.50 a share and a stop loss at Rs 90 a share.

Key levels to watch out for:

Bhushan Steel: Short
Target of Rs 1,240 per share
Stop Loss at Rs 1,336 per share

Colgate: Buy
Target of Rs 630 per share
Stop Loss at Rs 610 per share

Deccan Chronicle: Buy
Target of Rs 124 per share
Stop Loss at Rs 110 per share

United Spirits: Buy
Target of Rs 920 per share
Stop loss at Rs 876 per share

MTNL: Buy
Target of Rs 94.50 per share
Stop Loss at Rs 90 per share

Source: Moneycontrol

Posted by Harsh at 01:21

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.