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Stocks to watchout for :
Provogue and Tanla continue to look good for short term. Keep a stoploss of 60 on both.
Dolphin Offshore has completed targets book profits. Zee revise stoploss to cost. Vimta Labs long term call.
Fortis and Apollo Hospitals remain good bets for long term. Fortis being recommended from 70s !! and also 120 recently
Day traders picksss given below :
Buy Bharat Forge around 294 stop 288 tgt 308.
Buy SBI around 2120-2130 stop 2109 tgt 2160.
BUY ABB at 854 stop 840 tgt 870-878. ( already recommended to clients at 826 )
Punj Lloyd buy around 221 stop 217 tgt 230. ( Already recommended to clients at 217,5 )
Buy Patel Engineering only above 482 stoploss 474 tgt 500-510.
Midcap Stocks for short term :
Navneet could do 55-60 in next few days but a high risk trade for fresh entry .... ( picked at 46 today )
Long term investors who would like to lock their profits in defensive stocks should accumulate Atlas Copco and Hercules Hoists on every decline slowly. Book out of high beta get into these and the above stocks can surprise on upside in near term aso.
Dhanus Tech and Burnpur Cements are weird small cap picks which can give a return of 20-30% but risk is also 10% stop !! ...... If u remember this was the loved section in 2007 !!! but the most hated in 2008 ..... Now its back 🙂 ... So take care !!
Ion Exchange ( recommended to clients at 143-147 ) looks set for a move to 170-180 in short term. Investors could look to buy small qty at current levels and add more on dips with a stop of 143.
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