Here are your intra day picks for the day from various market experts and brokerage houses:
Manas Jaiswal of manasjaiswal.com, has both buy calls. After taking support near to 200-day moving average, DLF bounced back sharply and on Tuesday it broke the resistance of Rs 218 with higher volumes. So now the stock can test Rs 230 in next 1 or 2 trading sessions. One can buy the stock at current levels with a stop loss of Rs 214.
His other pick, Karnataka Bank was trading in the range of Rs 92-96 for last 7-8 trading sessions but on Tuesday it broke this range upside with higher volumes. So now the stock can test Rs 103. One can buy the stock at current levels with a stop loss of Rs 96.
Religare Securities reported that Karnataka Bank was trading sideways between Rs 93 and Rs 97 levels for almost a week and now has broken out from the range. Reuters
Rajesh Jain, Religare Securities, reported that Karnataka Bank was trading sideways between Rs 93 and Rs 97 levels for almost a week and now has broken out from the range and is likely to test higher levels in the coming days. One can buy the stock at current price keeping a stop loss of closing below Rs 95 for higher target of Rs 105.
Mcleod Russel has retested the support zone of Rs 310 levels and has strongly rebounded from thereon. Now it has given a fresh buying signal. One can buy the stock at current price keeping a stop loss of closing below Rs 310 for target of Rs 345.
Rakesh Gandhi, LKP, has a buy call on Jaiprakash Associates, which has already closed above its resistance level of Rs 74. Hourly charts are also indicating that the momentum has picked up. If the stock moves above the level of Rs 79 there is a huge probability that it would deflect in the opposite direction indicating that momentum has further picked up and hence the stock can be bought for a target of Rs 83 with a stop loss of Rs 75.
BF Utilities has been in a tight trading range since last few months. While remaining in a range-bound kind of condition it has formed a symmetrical triangle formation which had seen a breakout before few weeks. The breakout has been completely retraced and once again the stock has caught an upward momentum hence can be bought for a target of Rs 465 with a stop loss of Rs 420.
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
