How the 9 stocks performed on Wednesday

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.

NMDC was a buy call above Rs 273.40 with a target of Rs 285. The stock moved up sharply in the opening few minutes and touched a high of Rs 279.30 but closed the day near the low of Rs 274.45. We maintain the target of Rs 285 while moving the stop loss to our entry price.

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We are bullish onKotak Bank with a price target of Rs 470. The stock moved up during the initial period and touched a high of Rs 452 but closed lower at Rs 445.55. As the fall has been on lower volume, we would like to remain positive on the stock but move our stop loss to Rs 442.

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Our sell call on Hindalco has been triggered below Rs 185. The stock touched a low of Rs 182.50 close to our target of Rs 181.

GAIL was a long call with a target of Rs 450. On Wednesday the stock touched a high of Rs 442.25 and closed at Rs 442. We maintain our target of Rs 450.

We considered the move inEKC on Tuesday as a false breakout and suggested a sell below Rs 92. We were triggered in on Wednesday, where the stock touched a low of Rs 91 and closed at Rs 91.30. We maintain our price target of Rs 86.

Dish TV was a buy call with a price target of Rs 85. The stock moved up by 3% and touched a high of Rs 80.70 and closed at Rs 80.50. We maintain the price target of Rs 85.

VIP Industries too was a long call with a target of Rs 850. The stock moved higher by 1.51% touched a high of Rs 824.90 and closed at Rs 809.30. We maintain the price target of Rs 850.

We are triggered inCairn India on the long side since Tuesday. The stock closed on Wednesday at Rs 337.60 after touching a high of Rs 338.60.

Our buy call on BHEL which was given on Monday was finally triggered on Wednesday. We have a target of Rs 1,960 and a stop loss of Rs 1,890 and a entry price above Rs 1,917. The stock touched a high of Rs 1,939 and closed the day at Rs 1,913.70. We maintain the price target of Rs 1,960.

“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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