Tata Steel meets target; Petronet stopped out

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.

Tata Steel was a buy call as the stock had taken support on its previous low as well as the news of the Riversdale sale had hit the market post its closing on Thursday. The stock moved up and touched a high of Rs 575.30. We had a target of Rs 575 for the stock.

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SBI was a buy call above Rs 2,225 which was not triggered.

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REC was a sell call below Rs 191. The stock touched a low of Rs 186.35 and closed at Rs 191. We have a target of Rs 175 for the stock, which will be maintained, however, we will keep the stop loss at Rs 193.30, the high it touched on Friday.

Our buy call on Petronet was triggered in however, the stock slipped immediately after touching this high. We were stopped out of the stock below Rs 144.

Our buy call onHero Honda was not triggered.

Punj Lloyd was a buy call above above Rs 72, which was not triggered.

We had a buy call onLupin which was triggered above Rs 442 on Wednesday. Our target for the stock was Rs 460, however, the stock touched a high of Rs 454.90 and slipped down to Rs 440. We have been stopped out of the stock at the entry price of Rs 442.

We are triggered in on the sell side inBajaj Auto below Rs 1,362. The stock touched a low of Rs 1,331 and closed the day at Rs 1,333.55. We maintain the target of Rs 1,325 for the stock.

Pantaloon was a sell call below Rs 294 since Thursday. The stock bounced back from Thursday’s low of Rs 289 and closed the day at Rs 291.55. We maintain our target of Rs 280 for the stock, but move our stop loss to our entry price.

“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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