Technical calls: Sell Infosys, TCS, Maruti Suzuki

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

Vishal Malkan www.malkansview.com has two sell calls today. The first stock to sell on his list is Pantaloon Retail as it has broken the support of Rs 180 on the charts and is showing a bearish candle stick pattern on the daily charts. Investors can sell the stock with a stop of Rs 180 for targets of Rs 174 and Rs 172.5 per share.

The second stock to sell is TCS as it has broken a three year low of Rs 1,210. Investors can sell the stock with a stop of Rs 1,219 for targets of Rs 1,195 and Rs 1,188 per share.

Shardul Kulkarni, Angel Broking also has two sell calls today. One can sell Petronet LNG as there is a likelyhood of correction in the scrip. After a strong run up from Rs 125 odd levels to Rs 150, the stock is showing decent resistance near Rs 150 mark. One can sell Petronet LNG July futures in the range of Rs 147 to Rs 148 for targets of Rs 142 in the next three-five trading sessions. The stop loss is to be placed at Rs 149.75 per share.

Hero Motocorp is also on the sell list today and one can sell the July futures below the levels of Rs 2,080. The stop loss is to be placed at Rs2,110 and the target for this is at Rs 2,020 in the next five trading sessions.

Arunesh Madan, Founder and Director of Augment Investment Pvt ltd recommends to short two stocks, namely, Infosys and Maruti Suzuki.

Infosys has broken below a very significant support of Rs 2,190 in yesterday’s trade and with this the structure of the stock has turned bearish. Investors can short the stock in the range of Rs 2,170-Rs 2,185 with a stop loss placed above the levels of Rs 2,220 for targets of Rs 2,050 and Rs 2,100 in the coming days.

The next stock to sell is Maruti Suzuki. As stock has a very strong resistance in the range of Rs 1,220 -Rs 1,230, he says one can use the current strength to create short positions in the range of Rs 1,205 to Rs 1,210. The target is to be placed at Rs 1,155 with a stop loss above Rs 1,230 on a closing basis.

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.