 "How the 9 stocks performed on Monday")
Firstpost has been tracking, to the minutest detail, stock trends in small-, mid- and large-cap segments. We are not recommending these shares for buying or selling, but we do offer pointers on price and performance trends. Here is our in-depth analysis on the list of 9 stocks we had put out this morning.
Bharat Forge was a sell call below Rs 313, the stock traded in a very narrow range on Monday and closed the day at Rs 318, but did not trigger our short call.
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Keeping track of these stocks can lead to an informed decision. Reuters
Cipla was also a sell call which was not triggered. The stock moved up sharply on good volume to close at the high of the day at Rs 330.95, higher by 3.79%
Bank of India has not been able to penetrate the Rs 440 for three days last week. The stock did go through this level but by end to the day came back below Rs 440. We had a sell call on the company which did not get triggered.
PFC traded in a very narrow range and did not cross the high of Friday, Rs 201 which was our entry trigger. The stock has suddenly seen a drying up of volume which fell from an average of around 2 crore shares to 31 lakh shares. A probable sign of selling getting exhausted. We will keep on monitoring the stock closely.
JP Power, too, did not get triggered and moved in a range of Rs 0.90. Volume in the counter too was low.
We had a sell onCanara Bank below Rs 533, which was triggered in the last few minutes on Monday. The stock touched a low of Rs 527.50 and closed the day at Rs 536.50. We have a price target of Rs 510 for the stock.
Mahindra & Mahindra was our sell call as we taught that poor results can take the stock down to Rs 670. Results as well as the guidance spooked the market, which resulted in the stock tanking to Rs 659, much below our price target.
We have been bullish onAurobindo Pharma as the stock had dived after receiving a warning letter from the USFDA. We have been triggered in the stock above Rs 165.30 with a target of Rs 170. The stock met our target and moved higher to close the day at Rs 172.15.
Our negative call on Ranbaxy, did not get triggered as the stock was extremely strong for most part of the day. It did not get us triggered which was below Rs 506.