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.

Aditya Birla Nuvo has seen good investor interest after it announced its results which saw its net profit increase by two-folds. The stock on Monday, witnessed selling along with the rest of the market, however, during the second half of the day there was buying in the stock, which helped it close near the high of the day. The stock has a potential of reaching Rs 920, if it can cross the high of Monday of Rs 869.

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GT Offshore has touched the previous low of Rs 205, from which it has rebounded twice. This time the stock has fallen on lower volume, though Monday’s fall was of over 5%. This time too the level of Rs 205 might hold and the stock can bounce back to Rs 225.

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Hindustan Unilever was among the few frontline stocks that closed in the positive zone. The stock is close to its all time high having moved on good volume to Rs 322.55. The stock can touch a new high and touch the Rs 350 levels.

The low of Rs 1,040 has been held for the last three days by PNB. In the case of a bounce back the stock can move up to Rs 1,100 levels at which it has been consolidating for sometime.

Though Voltas broke through its support level of Rs 160.50 and touched Rs 157 on Monday, the stock bounced back strongly to close the day at Rs 161.15. The stock can move up to Rs 170 as the fall on Monday was on much lower volume.

JP Associates continues its fall in line with the market. However, it has now taken support at its previous low of Rs 78.40. The pattern continues to be bearish and the chances are that a low of Rs 70 can be touched by the stock.

Bank of Baroda saw good buying during the closing hours of Monday, which helped the stock close at Rs 858.15, only 0.16% lower than the previous close on Friday. The stock can touch Rs 900 if it is able to cross the high of Rs 865 it made on Monday.

We have a buy call onHero Honda above Rs 1,755, which fell short of the trigger. However, the stock continues to show some strength. We will maintain our call as it has held on to the price with a target of Rs 1,825.

Our sell call on REC continues which was triggered below Rs 191.The stock touched a low of Rs 181.20 on Monday, we maintain our price target of Rs 175 for the stock.

“Neither the author of this post nor his immediate family members has a stake/share in the above-mentioned shares/mutual funds.”

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