It's buy day; Pick Sesa Goa, PFC and JSW Steel

It's buy day; Pick Sesa Goa, PFC and JSW Steel

FP Staff December 20, 2014, 18:22:53 IST

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

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It's buy day; Pick Sesa Goa, PFC and JSW Steel

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

Manas Jaiswal of manasjaiswal.com, has two buy recommendations. The first stock to buy on his list is Sesa Goa as the stock has given a breakout of a triangular pattern on the daily chart. He further says that the stock can test the 200-day moving average which is placed at Rs 204. Investors can buy the stock at current levels with a stop loss of Rs 186 per share.

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The second stock to buy is PFC as it is continoulsy making higher tops and bottoms on the daily chart. Further, it broke the resistance of Rs 172 and the 200-day moving average yesterday. One can see further recovery in the stock and it can test Rs 185 in the coming days. Investors can buy the stock with a stop loss of Rs 169 per share.

Arunesh Madan of Augment Investment, also has two buy calls. His first pick is Zee Entertainment as the stock is on the verge of a breakout. Investors can buy this stock once it begins to trade above the levels of Rs 144 for targets of Rs 150. The stop loss is to be placed below the levels of Rs140.

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Investors can also buy United Phosphorous in the range of Rs122-124 as the stock has broken above its previous intermediate peak of Rs 123.5 and closed on that level on the back of very good volumes. Investors can look for targets of Rs 130 in the coming days with a stop loss below Rs 119 per share.

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Rakesh Gandhi of LKP, has two buy calls for today - JSW Steel and United Spirits. The first stock to buy is JSW Steel as the stock is making higher highs and higher lows since the last 4 weeks. It has also seen a good momentum in the hourly charts and can be bought for targets of Rs 700 with a stop loss of Rs 655 per share.

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The second stock to buy is United Spirits. The stock has been in a sideways move after a break out from a falling wedge pattern and there could be a rise in momentum once it crosses the Rs 680 levels. One can buy the stock for a target of Rs 725 and a stop loss of Rs 650 on anticipation of a breakout.

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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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