Here are the Top 5 Stocks for Short Term Gain.
Top Stocks to SELL Today:
HDFC Bank
SELL HDFC Bank at CMP with the TARGET of Rs. 552 and
STOPLOSS of Rs. 572
Reason to SELL:
It has broken an important support of Rs 570 on daily
closing basis with volumes. Price has started tagging the lower Bollinger band.
Bank of India
Sell Bank of India (BOI) at CMP with the TARGET of Rs. 132
and STOPLOSS of Rs. 142
Reason to SELL:
My second pick is Bank of India ( BOI ). BOI has been most
underperforming stock in the banking sector. It is continuously making lower
tops and lower bottoms. Yesterday it made a fresh bottom below Rs 140 levels.
Sun Pharma
Sell Sun Pharma
September Futures below Rs. 500 with the TARGET of Rs. 468 and STOPLOSS
of Rs. 515
Reason to SELL:
For a while this stock was holding on its own amidst the
carnage in the broader markets, but now the signs of topping out and
distribution are clearly visible. The stock is in the process of making lower
tops and lower bottoms and a fall below 100-day moving average is going to
accentuate the selling pressure in the next two trading sessions.
Arvind Mills
Sell Arvind Mills September
Futures at Rs. 75 with the TARGET of Rs. 68 and STOPLOSS of Rs. 78
Reason to SELL:
This stock has yet again reversed from its downward sloping
trend line. In fact since January on multiple occasions the stock has failed to
clear this hurdle. It also coincides with resistance of 100-day moving average.
If you look at the momentum oscillators they are also reversing on the
downside. The stock is a sell on every rally.
Top Stocks to BUY Today:
Colgate Palmolive
Buy Colgate Palmolive above Rs. 1,230 with the TARGET of Rs.
1,300 and STOPLOSS of Rs. 1,195 (Based on yesterday's candlestick pattern)
Reason to Buy: The chart structure of Colgate Palmolive shows that over the
last nine months the stock has been trading in the range of Rs 1,220 on the
lower side to Rs 1,500 on the upside. At the current juncture the stock is at
the lower end of the range and the momentum oscillators are extremely oversold.
Oil and Natural Gas Corporation (ONGC)
BUY ONGC at Rs. 250 with the TARGET of Rs. 280 and STOPLOSS
of Rs. 239
Reason to Buy:
The second stock that we will recommend is also a buy call
with regards to Oil and Natural Gas Corporation (ONGC). Over the last three
years the stock has continuously taken support in the zone of Rs 240-250.
