 "Technical calls: Buy DLF, sell Hindalco")
Here are your intra day picks for the day from various market experts and brokerage houses:
Vishal Malkan of CMT, a brokerage firm has given a sell call on Bhandari Hoisery. It has given a breakout on daily, weekly and monthly charts. It’s a short-term call for targets of Rs 75. For today he expects good results and targets of around Rs 63 for a stop loss of Rs 55.
His second pick is a buy on DLF which has given a breakout on hourly charts. Price is tagging the upper band. He has recommended a buy with a stop of Rs 215 for targets of Rs 220 and Rs 224.
Shardul Kulkarni of Angel Broking has recommended a sell call in case of Hindalco. In yesterday’s trading session the stock has given a bearish pattern and the pattern confirmation will come below the levels of Rs 121 in case of the August Futures.
Thus, he has recommended selling Hindalco August Futures below the levels of Rs 121. Stop loss should be placed at Rs 124, he noted. The potential target in the next 3-5 trading sessions is at Rs 114.
The second stock that he would recommend is STC India. In case of STC India last week has shown a very strong move. It is recommended buying STC India only and only above the levels of Rs 284 with a stop loss at Rs 272. The potential target in the next 7-8 trading sessions is at Rs 320.
Arunesh Madan of Augment Investment has a buy call on State Bank of India. Futures in the range of Rs 1,910-1,915 keeping a stop loss below the Rs 1,880 levels as the stock after witnessing a 10-12% fall over the last couple of days has formed a hammer pattern on the daily charts indicating that there could be a short-term rebound in the stock. Look for a target of Rs 1,960 and Rs 1,975 on the Futures in the coming days.
Another call is buy Tata Motors DVR in the range of Rs 126.50-127. The stock after witnessing a rally from Rs 115 to Rs 135 has taken support at a 50% retracement level with a stop loss below Rs 124.90 and a target of Rs 132 and Rs 135 in the coming days.
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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