Here are your intra day picks for the day from various market experts and brokerage houses:
Vishal Malkhan, CMT, has two buy calls for the day. First one is Ambuja Cement, which is a strong outperformer since the last couple of months on the markets. On Tuesday, it showed some bullish volumes and patterns on daily charts as well as hourly patterns. He recommends a buy with a stop of Rs 179 for targets of Rs 184-186.
His second pick is Sesa Goa. The sector has been doing good for the last couple of days. He expects it to continue for the next couple of days showing momentum on hourly charts. He recommends a buy with a stop of Rs 189 for targets of Rs 194-196.
Reuters
Vishal Kshatriya, Edelweiss, also has both long calls. First is Cipla. The stock has broken out its key resistance level placed on daily chart. A breakout was further accomplished by good volumes and aggressive long build-up which is indicated by open interest data. Traders can go long at current market price with first target of Rs 355 and a final target of Rs 360 maintaining stop loss at Rs 330.
The second pick is Yes Bank. The stock has broken out its key resistance level placed on the daily chart. A breakout was further accomplished by good volumes and aggressive long build-up which is indicated by open interest data. Traders can go long at current market price with first target of Rs 355 and a final target of Rs 360 maintaining stop loss at Rs 330.
Sanjeev Agarwal, Dynamix Research & Capital Management, has a buy call on Tata Global Beverage which has been showing a very good breakout pattern and today it has broken above its range. It can be bought at a current market price and any decline towards Rs 125 with a stop loss below Rs 119 for a target of Rs 135-145.
United Breweries Holding can be bought at the current market price and any decline towards Rs 80. We can keep a stop loss below Rs 70 for a target of Rs 100 and more.
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
