The stocks below are the top picks for the day that offer a wide array of choices to retail as well as long-term investors
Divi's Lab (Buy above 735, target Rs 750)
Divi's Lab posted a sharp recovery by the end of the day on Thursday. Recovery was accompanied by a sharp increase in volume. Being a defensive stock, Divi's can post a smart recovery when all others are falling.
Infosys (Sell below Rs 2343, target of Rs 2300)
Infosys bounced back marginally from its previous low of Rs 2342. However, the bounce back was late in the day and on weak volume. BNP Paribas has come out with a very negative outlook for the sector, which is likely to put pressure on the sector. Infosys is likely to see some selling further due to the turmoil in Europe and US.
Power Trading Corporation (Buy near 68, target of Rs 70)
Power Trading Corporation has tested the Rs 68 levels four times in the last four months. It is very close to testing the same as it closed at Rs 69.30 on Thursday after touching a low of Rs 68.50. As the recent fall has been on low volume, it is likely the stock can bounce back from Rs 68.
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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Updated Date: Dec 20, 2014 14:11:17 IST