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.

The fall in Indian Hotels from Rs 84.70 to the Rs 77 seems to have been arrested. The fall over the last two days has been on declining volumes. On Friday, the stock closed marginally though volume continued to be low. We think a bounceback above Rs 78.50 in the stock can take it to Rs 82 level.

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Indian Oil Corporation has attempted to close the previous top of Rs 334 made 15 days ago. The stock on Friday touched a high of Rs 336 and closed the day at Rs 334.50 on high volumes. With a fuel price hike in the offing, it is likely that the stock can touch the Rs 350 mark.

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Gujarat State Petronet (GSPL) marginally slipped below the Rs 95 level on Friday. The fall, however, was on low volumes. The stock can bounce back to the Rs 101 level if it crosses the high of Rs 96.65.

IVRCL Infra has formed a bullish pattern. The stock has closed near the high after the stock saw high volume selling on Thursday. A similar selling was not witnessed on Friday. The stock can touch the previous high of Rs 78.

IRB has taken support at the Rs 162 level. Also, the fall on Friday was on lower volumes. The stock is showing a bullish pattern and can touch the previous high of Rs 178 if Friday’s high of Rs 167.75 is crossed.

We have Hero Honda on our radar over the last two days. However, the stock continues to trade in a narrow range and has shown no signs of weakness. We believe the stock can touch Rs 1,825 if it manages to cross Rs 1,755.

Pantaloon was a sell call below Rs 294 on Wednesday. The stock touched a low of Rs 289 and closed the day at Rs 292.15. We maintain our target of Rs 280 for the stock. However, we will move the stop loss to our entry price of Rs 294.

REC was a sell call below Rs 191. The stock slumped to a low of Rs 186.35 and closed at Rs 191. We have a target of Rs 175 for the stock, which will be maintained. However, we will keep the stop loss at Rs 193.30, the high it hit on Friday.

We are triggered in on the sell side inBajaj Auto below Rs 1,362. The stock touched a low of Rs 1,331 and closed on Friday at Rs 1,333.55. We maintain the target of Rs 1,325 for the stock.

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