How the 9 stocks performed on Thursday

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.

M&M was our sell call below Rs 672 with a target of Rs 640. The stock opened lower at Rs 669 and went on touch a low of Rs 657 and closed the day at Rs 662. However, as the opening was lower, we would not have been triggered in and would like to withdraw the sell call on the stock.

[caption id=“attachment_19440” align=“alignleft” width=“380” caption=“How the nine stocks performed today. Reuters”]  [/caption]

Hindalco was a buy call above Rs 200 which did not get triggered.

We had initiated a sell onAurobindo Pharma below Rs 174.55 with a target of Rs 160. The stock opened lower, touched a low of Rs 170.85 and then moved to close near the high of the day at Rs 176.90. We keep our short call intact with a stop loss of Rs 179.05

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Our sell call on Aban Offshore was triggered below Rs 588 and went on to touch a low of Rs 575.20 and closed the day at Rs 581.10. We maintain our target of Rs 550.

Cipla was our sell call given on Tuesday below Rs 325, which just got triggered and the stock moved higher to close the day at Rs 327.25. Our stop loss of Rs 328.50 was triggered earlier in the day.

Our sell call on Tuesday forKotak Bank finally got triggered on Thursday below Rs 439, the stock touched a low of Rs 429.20 and close at Rs 432.60. We maintain our target of Rs 425 while moving the stop loss to the entry price of Rs 439.

Nalco, which too was a sell call, below Rs 91.55 was triggered in the opening trade and the target was also achieved in the first minute. However, we do not think that the trade would have been initiated in the first few seconds and hence withdraw the call.

Educomp has been triggered on the short side below Rs 470. The stock touched a low of Rs 447.10 on Thursday and closed at Rs 458.70. We maintain the target of Rs 440.

We were triggered onPFC above Rs 201 on Monday. The stock ended the day near at Rs 205 after touching a high of Rs 207.35. We maintain our target price of Rs 210.

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

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