9 stocks to watch out for today

Today we've chosen: Cipla, Allahabad Bank, Exide, Idea, Bank of Baroda, Hotel Leela, Hero Honda, IDFC and Financial Technology.

Shishir Asthana July 19, 2011 07:23:10 IST
9 stocks to watch out for today

Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.

Cipla has seen exceptionally high volume on Monday woth the stock falling by 2.18% at Rs 317.05. The stock can come down to Rs 300 levels, if Monday's low of Rs 314.45 is broken.

Financial Technology has been trading in a very small range around Rs 840 levels. However, if it breaks the low of Rs 832, the lowest point of the range, the stock can go down to Rs 800.

9 stocks to watch out for today

We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends.Reuters

Hero Honda has almost tested the low it made on Friday of Rs 1,810. If this level is broken the stock can touch Rs 1,750.

IDFC finally managed to cross the top of Rs 140, from where it has been pushed back five times over the past two weeks. The stock can touch a price of Rs 155, if it crosses Monday's high of Rs 143.15.

Hotel Leelawas a buy call with a price target of Rs 47. The stock hit a high of Rs 45.55 on Monday and closed the day at Rs 45.35. We continue with our call and the price target for the stock.

Exidewas a buy call with a target of Rs 175. The stock climbed a high of Rs 171.70 on Monday and closed at Rs 168.05. We maintain the target for the company.

Allahabad Bankwas a buy call with a target of Rs 215. The stock moved up to a high of Rs 210.50 and closed at Rs 209 on Monday. We maintain the target of Rs 215 for the stock.

Bank of Barodawas a buy call with a target of Rs 915. The stock hit a high of Rs 890, but closed lower at Rs 877. We maintain the price target for the stock, but move our stop loss to Rs 875.

Ideawas a buy call above Rs 79.45 with a target of Rs 85. The stock went up to a high of Rs 81.75 and closed at Rs 80.10 on Monday. We maintain our target on the stock.

"Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds."

FIRSTPOST DISCLAIMER:Firstpostbrings you information and opinions on shares, funds and other investment options based on broker reports and private equity research. Investors are, however, warned that they should NOT take any buy or sell decision based on the views expressed in our posts or what market movements. Investors should consult their own financial and share advisors before taking purchase or sale decisions.Firstpostdoes not take any responsibility for any losses incurred by investors who take their cues from our posts and chat sessions.

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