Here are your intra day picks for the day from various market experts and brokerage houses :
Manas Jaiswal of manasjaiswal.com, has two buy recommendations. His first pick is Godrej Inds for a target of Rs 245 in the next one or two trading sessions. After taking support at the 200 day moving average, the stock bounced back sharply and broke the neckline of inverse head and shoulder pattern on the daily charts yesterday, which is a sign of reversal. Investors can buy the stock with a stop loss of Rs 230 per share.
His second pick is Educomp as the stock is continuously making higher tops and higher bottoms on the daily charts. Further, it also witnessed good buying interest. Investors can buy the stock for targets of Rs 180 in the next one or two trading sessions with a stop loss of Rs 165 per share.
Arunesh Madan of Augment Investment, says one can sell Allahabad Bank at the current market price as the stock has formed an engulfing bearish pattern on the daily candle stick charts. Also, the stock is facing a very strong resistance around the Rs 150-151 levels. So investors can short the stock for targets of Rs 135-137 in the coming days with a stop loss above Rs 151 levels.
The second stock to short is Larsen and Toubro as it appears to be making a rounding top which will be confirmed once the stock begins to trade below the Rs 1,330 levels. While one can short the stock once it begins to trade below Rs 1,330 levels, investors can keep a stop loss above Rs 1,360 for targets of Rs 1,275-1280 in the coming days.
Rakesh Gandhi of LKP, says one can buy Century Textiles and Rolta. The stock of Century Textiles has found an interesting head and shoulder pattern having a neckline at Rs 280. He further adds post the retracement the stock has once again started an upward momentum and could see higher levels. Investors can buy it for targets of Rs 325 with a stop loss of Rs 287.
The second stock to buy is Rolta as it has formed a symmetrical triangle formation since last six weeks. Further, yesterday it broke out of this symmetrical triangle formation and one could see gains of 10 percent from the current levels. So investors can buy the stock for targets of Rs 90 with a stop loss of Rs 74 per share.
Disclaimer: Views expressed above are that of various market experts only and Firstpost will not be held responsible for any investment decision based on the above recommendations.