Buy Jet Airways, HPCL, Sesa Goa, Sell Divis Lab

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

Vishal B Malkan of www.malkansview.com recommends a buy on Jet Airways with a stoploss of Rs 400 for target of Rs 415 and Rs 420. Jet Airways has given a huge breakout yesterday with good volumes on the daily as well as weekly charts.

His second pick is HPCL . After trading in the range for the last 7-8 days, it has broken the range above Rs 440 with huge volumes and candlestick pattern. One can buy it with a stop loss of Rs 442 for targets of Rs 455 and Rs 460.

The first stock that Shardul Kulkarni of Angel Broking recommends for today is also a buy call on Hindustan Petroleum. According to him, the stock has given a clear flag breakout and there is a probability that the stock can test levels of Rs 370-375 in the next 4-6 trading sessions. Investors can buy HPCL on declines upto Rs 342. The stop loss is to be placed at Rs 311 for a target price of Rs 375 in the next 4-6 sessions.

However, he has a sell call on Divis Labs . While the stock had given a very good run up in the last few trading sessions, it faces significant resistance at Rs 1,050. Also yesterday’s candlestick formation suggests a bearish engulfing pattern. Therefore, investors can sell g Divis Labs near Rs 1,030 with a stop loss of Rs 1051 for a target of Rs 950 in the next 3-5 sessions.

Rajesh Jain of Religare Securities is bullish on Sesa Goa. After closing above its sideways zone, it now closed at near a one-month high. One can buy the stock at the current price keeping a closing stop loss of Rs 190 for higher target of Rs 205.

REC formed a negative candlestick pattern near its resistance zone of Rs 195. Rajesh says one can short the stock near Rs 195 keeping a closing stop loss of Rs 200 for target of Rs 187.

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.