9 stocks to watch out for today

The 9 stocks below are the top 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.

Bajaj Auto has moved near the top of its trading range at Rs 1,448.35. The stock has been moving in a narrow range for over two weeks. If it manages to cross the resistance at Rs 1,450 the stock can touch Rs 1,500.

Almost all the bank stocks fell post announcement of a rate hike by the central bank, however, Thursday saw most of them recovering in strength. Bank of Baroda opened at the low of the day but closed higher at Rs 868.55 after touching Rs 874.55. The stock can rebound to Rs 900 if momentum catches up.

More from Investing

MSMEs are breaking the traditional convention. Look who’s funding them Scale-up your startup without an investor! Here’s how

[caption id=“attachment_50222” align=“alignleft” width=“380” caption=“If Bajaj Auto manages to cross the resistance at Rs 1,450 the stock can touch Rs 1,500. Reuters”]  [/caption]

CESC has recovered on good volume after falling from a high of Rs 364.90 to Rs 328.90. The stock rebounded on Thursday and closed at Rs 347.95. It can move up to Rs 370 as the selling seems to have receded.

Dish TVwas a buy call above Rs 84.50, which was triggered on Thursday. The stock touched a high of Rs 85.50 and closed the day at Rs 85.20. We maintain our target of Rs 90.

Divis Labwas also a buy call which was triggered above Rs 837.90. The stock touched a high of Rs 841.90 but closed lower at Rs 831.15. We maintain the target of Rs 875.

Exidewas a buy call with a target of Rs 160. The stock touched a high of Rs 153.15 but closed lower at Rs 149.80. We maintain our buy call and the price target.

EKCwas a sell call below Rs 91.55 with a target of Rs 86. The stock touched a low of Rs 87.15 but closed higher at Rs 92.50. Though we maintain the target of Rs 86, we move the stop loss to Rs 93.

Our sell call onTata Motorswas triggered below Rs 965.65. The stock touched a low of Rs 945.50 and closed at Rs 950.70. We maintain our price target of Rs 925.

GAILwas a short sell call below Rs 464.55 with a target of Rs 445. The stock was stronger during the day as it touched Rs 462.45 but closed at Rs 459.05. We continue with our bearish sentiment on the stock and maintain the target.

Also listen to our podcast with Venky Vembu, our editor in Hong Kong, on global and domestic cues that could impact the market today.

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

FIRSTPOST DISCLAIMER:_Firstpost_brings you information and opinions on shares, funds and other investment options based on broker reports and private equity research. Investors are, however, warned that they should NOT take any buy or sell decision based on the views expressed in our posts or what market movements. Investors should consult their own financial and share advisors before taking purchase or sale decisions._Firstpost_does not take any responsibility for any losses incurred by investors who take their cues from our posts and chat sessions.