| ]

Stock Recommendation
Tata Steel Ltd
The stock is looking attractive on the short and medium term charts. It has been making higher tops and bottoms since March 2009. The stock has support at 580 and resistance at 650. Hold with a stop loss of 575.The valuations are attractive. The company’s domestic operation is doing well and a 20-25 per cent growth is expected in the next 2 years. Hold with a target of 750-800.

The stock has support at 55 and resistance at 76. The stock has the strength to move up forward. Hold with a stop loss of 53 for a target of 95.The stock is news driven and somewhat speculative in nature. The company is a contender for the banking license. The company is expanding its financial arm.

Videocon Industries
Shares of the company declined Rs 28.75, or 12.35%, to settle at Rs 204.00.  It touched a high of Rs 234 and a low of Rs 197.85. The company plans to sell USD 150 million to USD 200 million of convertible bonds by January.The stock has a book value of 286 and P/E of 9.9, which makes it a good buy at this price as well as on declines. The stock may reach around 230 in the short term and 250 plus in medium term. Keep a stop loss around 180. Even this stock has been recommended to my clients for investment around Rs 203 on Friday, Dec.3, 2010.

Jyothy Laboratories
Shares of the company gained Rs 5.8, or 2.15%, to settle at Rs 275.60. It touched a high of Rs 282 and a low of Rs 274.65. It is learnt the company is targeting two regional acquisitions this year for a total consideration of Rs 3 billion. There is a reasonably good support around 250, and the stock may be bought keeping this stop loss in mind. At the same time the stock has a little less liquidity, with usual volume of only in 5 digits. The only problem in the book value of the stock is Rs. 49.5 and P/E is rather high, about 26.

Click here to get free stock tips -  Stock Tips

Get all Stock Future tips , stock Options tips, Nifty future tips, Stock f&o tips, Options tips, option tips. All Stock futures updation on mobile Stock Futures news with market trend stock options trend & nifty futures trend,Intraday stock tips, option trading, nifty for tomorrow.stock future,free intraday tips, nifty future tips, stock option, stock future tips, Stock Tips For Tomorrow, MCX Tips