Stock Tips for Aug 24, 2011: Buy A2ZMES and HDFC Bank

All the recommendations are based on technical analysis with the exception of BPCL, Coal India and Cipla; these stocks are event driven suggestions for today. They can even play out over a period of 2-3 months.

The website, technicalanalysisofstocks, has recommended buy on the stock A2ZMES. There is a minor bottom formation on the trend charts for the stock.

Amit Harchekar CMT, IIFL Private Client Group, IIFL has recommended the following stock in Economic Times.

NTPC: The recommendation here for this stock is to buy for the target price of Rs 190 and a stop loss at Rs 165. After hitting an interim peak of Rs 179 in past few weeks, NTPC has been consolidating in the range of Rs 168-174 which can be construed as wave 2 retracement after an impulse up move. As long the stock sustains above Rs 165, short-term trend remains positive.

First post has recommended the stock

BPCL (Sell below Rs 684, target of Rs 675)
With reports of a hurricane approaching US there are chances that oil prices will rise. Historically the trend has been an increase in price of oil after hurricane. This will increase the losses for oil marketing companies in India

CIPLA (Sell below Rs 280.70, target of Rs 275)
A US court has said that Cipla"s product PetArmor is infringing Merial"s patent of Frontline plus. Analyst reports stating the impact of withdrawal on Cipla"s financial can be expected over the next few days, which can have a further impact on the stock.

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