A buy day: Bet on Tata Motors, HPCL

Here are your intra day picks for the day from various market experts and brokerage houses :

Vishal B Malkan of www.malkansview.com is bullish on Tata Motors as the stock has seen some demand after underperforming for the last several days. One can buy the stock for targets of Rs244-248 with a stop loss of Rs 235.

The second stock to buy is Hindsutan Oil Exploration as it has given a breakout on weekly charts above the resistance of Rs 136. One can buy the stock with a stop loss of Rs 136 for targets of Rs 144 and Rs 147 per share.

Shardul Kulkarni of Angel Broking, recommends buying Jubiliant Foodworks as the charts clearly suggest that there is further upside. One can buy the stock in the range of Rs 1,240-1,250 for target of Rs 1,320. The stop loss is to be placed at Rs 1,215.

The second stock to buy is Hindustan Petroleum as the stock has consolidated over the past two trading sessions and is poised for further upside. One can buy the stock in the range of Rs 340-343 for targets of Rs 370. The stop loss is to be placed at Rs 332 and the time frame is around 3-4 trading sessions.

Rajesh Jain of Religare Securities, says one can buy PTC India at the current price as the stock is having an overall bullish formation and is now ready for its next move. The target is Rs 69 and the stop loss can be at closing below at Rs 63 per share.

However, he says investors can short Oil India as the stock is nearing its resistance zone of Rs 500-502 keeping a closing stop loss of Rs 508 for a lower target of Rs 485.

Sudarshan Sukhani of s2analytics.com feels that Century Textiles can touch Rs 400 as the pattern suggest that there is much more upside and one could see higher levels.

“The pattern suggests that there is much more upside here probably some kind of a bear market in Century is done with and a new uptrend is starting, which means the uptrend could be very young, one could see much higher levels here. The target of Rs 335 for a day trader or a swing trader but it will eventually reach Rs 400.”, he told CNBC TV-18.

Disclaimer: Views expressed above are that of various market experts only and Firstpost will not be held responsible for any investment decision based on the above recommendations.