Stock analyst Hitendra Vasudeo of stockmechanics.com has suggested investors to sell Reliance Energy stock below Rs 1200 with a stop Loss of Rs 1250 to achieve a target that lies between Rs 1140-Rs 1123.

Mr Vasudeo is of the view that investors should sell the stock today in order to avoid loss, as there are full chances of a downward trend in this stock.

He said that if the stock fell below Rs 1,150, it may see more weakness.

After selling the stock in today’s session, the interested investors can enter the stock again, but only on declines.

Stock market expert Hitendra Vasudeo, stockmechanics.com has suggested that Tata Motors stock can be purchased by day traders in today’s trading session above Rs 652 for achieving an intraday target of Rs 677.

If the stock markets remain on positive track, the next intraday target for the day is above Rs 684. The stop loss for the day is Rs 635.

Shares of the company, on Wednesday, closed up Rs 7.1, or 1.13% at Rs 634.55 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 49,782.

Bangalore-based Mindteck (India) Limited, a global Technology and IT services company, has announced acquisitions of three overseas companies for US$ 9.6 million.

Stock market analyst E Mathew is of the view that the stock of Electrosteel Castings can be purchased around Rs 45 with a stop loss of Rs 40 for achieving a short-term target of Rs 63.

Mr. Mathew also said that the investors can achieve the target within a period of 4-5 weeks. The stock has been recommended after analyzing its last performances.

Mr. Mathew said that the traders can achieve the said target on the back of brilliancy in the stock market.