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9 stocks to watch out for today

The 9 stocks below are the picks for the day across small-, mid- and large-cap companies that offer a wide array of choices to retail as well as long-term investors.

Though Ashok Leyland has not announced its monthly sales figures, the stock moved up close to its previous high of Rs 49.95 on higher volume. A move above this level can take the stock to Rs 52 level.

 9 stocks to watch out for today

Breaking stock barriers. Arko Datta/Reuters

Century Textile attempt to move out of its trading range met with selling pressure. The stock closed near it low on consistent selling pressure throughout the day. A cross below its low of Monday of Rs 368 can bring it down to Rs 350.

The recently listed Muthoot Finance saw good buying on Monday as Kotak Securities came out with a buy report on the stock with a price target of Rs 225. The stock has hit resistance at Rs 166.70 the level from which it corrected a week back. However, a move above this can take it to Rs 175.

Pantaloon Retail has moved up sharply over last seven trading session. However, it met with selling pressure on Monday and closed at Rs 322 after touching a low of Rs 321. A move below this low can take the stock down to Rs 309.

After the sharp fall witnessed in Orchid Chemicals with regards to leveraged promoter shares issue, the stock has moved back in its range. Over the last two days it has witnessed some selling pressure which can again take the stock down to Rs 260 if it breaks Rs 270, the low of Monday.

IRB has crossed its previous top of Rs 178.80 after moving around it for two days. The stock closed at Rs 179.55 after touching a high of Rs 181 on Monday. A move above Rs 181 can take the stock to Rs 189.

Divi's Laboratories was a long call in which we have been triggered on Monday. The stock touched a high of Rs 803.70, but closed lower at Rs 795 on Monday. We maintain our target of Rs 825 for the company.

GVK Power was a buy call above Rs 20.30 with a target of Rs 22. The stock triggered us in and touched a high of Rs 20.60 and closed at Rs 20.30 on Monday. We maintain our long call and the target of Rs 22.

Tata Motors DVR was a buy call with a stop loss of Rs 535 and a target of Rs 560. The stock scaled a high of Rs 556.35 on Monday and closed the day at Rs 553.60. We continue with our target of Rs 560 for the stock.

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Updated Date: Dec 20, 2014 03:58:50 IST