1. NMDC
Yesterday metal stocks went up sharply.
NMDC gave a closing
high of last two months.
One can buy NMDC stock near Rs 115 keeping a closing stop
loss of Rs 110 for higher target of Rs 124 in coming days.
2. United Phosphorou
Buy United Phosphorou.
The stock has formed a bullish flag pattern on the daily
chart and near the lower end of the pattern the stock has taken support near
its crucial daily moving averages as well as near weekly moving averages. The
stock has consolidated above a strong support zone and fresh rally looks around
the corner. So from two-three days perspective one can buy this stock with stop
loss of Rs 141 for target of Rs 158.
3. Cipla
Cipla has fallen from Rs 426 levels to Rs 390 levels in last
seven trading sessions. Yesterday the stock went up from Rs 390 level which is
its strong support.
One can buy Cipla stock near Rs 395 keeping a closing stop
loss of Rs 390 for higher target of Rs 410.
4.
Reliance Industries
One can attempt shorts in Reliance Industries in the range
of Rs 810-820, keep a stop loss above Rs 835 on closing basis. My initial
target is around Rs 785-765 in next 10-15 trading sessions.
5.
Power Grid Corporation
Sell Power Grid Corporation of India. In past we have seen a
strong downfall below Rs 100 and now it is giving pullback towards that level.
So one can attempt shorts in the range of Rs 98-100, keep a stop loss above Rs
103 on closing basis. My initial target is around Rs 92 and next logical target
is around Rs 86 in next 10-15 trading sessions.
6. Adani Enterprises
Adani Enterprises has been falling since last few months.
However the stock has recently taken support near the 2012 lows. So the stock
has a potential to form a double bottom pattern whose implications would be
bullish on short term as well as medium term perspective. Also the short-term
momentum indicator is showing positive divergence and has triggered bullish
cross over. So the stock is poised for a sharp bounce and stop loss from
short-term perspective can be placed at Rs 159 and target will be Rs 180.
