 "It's a bull run today: Six buy stocks for the day")
Here are your intra day picks for the day from various market experts and brokerage houses :
Vishal Malkan, CMT, www.malkansview.com is bullish on two stocks - VIP Inds and Bank Of Baroda. He recommends buying VIP Inds with a stop of Rs 84.75 for targets of Rs 87.50 and Rs 89. His second pick is Bank of Baroda and recommend a buy with a stop of Rs 84.75 for targets of Rs 87.50 and Rs 89. Banking stocks outperformed the markets yesterday, and are continuing their run even today. Bank of Baroda has started making higher tops higher bottoms on hourly charts. Price is booming up with high volumes, he said.
Manas Jaiswal of manasjaiswal.com picks are Bata India and HDIL. Bata’ stock is continuously making higher tops and higher bottoms on the daily chart. Yesterday it broke its recent high of Rs 906. So one may see further recovery in the stock and the stock can test Rs 965 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 895.
The second stock to buy is HDIL. It has broken a neckline of inverse head and shoulders pattern on the intraday chart with higher volumes. So we may see further recovery in the stock and the stock can test Rs 68 in one-two trading sessions. One can buy it with a stop loss of Rs 62.50. Nooresh Merani of AMSEC Research, is bullish on BHEL with a target price of Rs 230 and a stop loss to be placed at Rs 208. Yesterday the stock has given a breakout above Rs 215 and one could expect a quick move to Rs 230 in the next few sessions.
The second stock to buy is Bajaj Auto with a target price of Rs 1,600 and a stop loss to be placed at Rs 1,470. He expects the stock to bounce back to Rs 1,600 in the short-term. Long term investors can enter the scrip when it dips to Rs 1,450-1,480 as that would be a buy area.
Sudarshan Sukhani of s2analytics.com, says traders can short Max India as that stock has been drifting listlessly and day by day it’s making slightly mildly bearish pattern.
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.
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