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.

Power Finance Corporation traded very close to the lower band of its Follow-on Public Offer (FPO) on Thursday. The company which closed its FPO that was in the band of Rs 193 -

203, touched a low of Rs 194.60 and closed the day at Rs 201. The stock witnessed record volumes during Thursday and closed near the high. A move above Rs 201 can take the stock back to the Rs 215 level. Stop loss for the trade is the low of Thursday - Rs 194.60.

LIC Housing Finance has witnessed an upward movement over the past one week, but this has been on lower volumes. The stock closed near the low of the day and can trip to Rs 205 if the low of Rs 214.70 is pierced.

Though HDIL had consolidated at Rs 147-150 range at the start of the week and moved up sharply till Wednesday, closing near the high of the day, Thursday saw the stock pausing, though on a lower volume. The stock can again test the Rs 147 level if the low of Rs 153.55 is broken.

Aurobindo Pharma had been hit after it received a warning letter form the USFDA with regard to its facility in Hyderabad. The stock has slipped from Rs 195 to Rs 160. The fall seems to have been arrested and can bounce back to Rs 175.

Adani Enterprises has once again come to test the Rs 600 line. It has been oscillating around that level for over five months. Given the bearish sentiment in the market and the technical weakness in the chart, it is likely that the stock can slip below Rs 600 and go down to the Rs 560 mark.

We had been bearish onFinancial Technologies below Rs 800, where the stock has tested the level thrice over the past two weeks. On Thursday, the stock closed the day at Rs 798. We continue with our sell recommendation and a target of Rs 750.

Tata Motors DVR has been on our radar since Tuesday. We reduced our entry price to Rs 637, which got triggered on Thursday and closed the day at Rs 644.80 after scaling to a high of Rs 646.95. As the company announced its results post trading hours on Thursday, the share can see higher volatility on Friday. We advise the stop loss to be kept at our entry price of Rs 637.

Hotel Leela was our sell call with a target of Rs 36 and move the stop loss down to Rs 40. The stock dived to a low of Rs 37.60 on Thursday and closed at Rs 37.95. We would like to maintain our target at Rs 36.

We are in theGAIL trade which got triggered near the closing hours of Monday, above the Rs 436 level. The stock climbed to a high of Rs 446.90 and closed the day at Rs 440.55 on Thursday. We move our stop loss to our entry price of Rs 436, keeping the target price of Rs 450 the same.

Charts: moneycontrol.com

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