(also check out opportunities discovered by Rajesh)
Now coming to the recommendations by the experts.
Sharegyan has recommended the stock, Sesa Goa, as buy with a stop loss of Rs 278 and a target price of Rs 288. Its an intra-day stock.
Meanwhile Sharetipsinfo recommends buy on the stock of Godrej Industries, with a target price of Rs 215 and a stop loss at Rs 196. This suggestion is with respect to Positional Futures.
The website, technicalanalysisofstocks, recommends the stock Moser Baer with a target price of Rs 42 and a stop loss at Rs 35. Its for short term suggestion.
Michael Pillai, Technical Analyst, Nirmal Bang, has suggested the following stocks to be followed today.
Axis Bank: Pillai recommends a buy on this stock with a target price of Rs 1328 and a stop loss at Rs 1245. Accumulate from a short-term delivery perspective, structure looks very positive as the stock closed strongly above its 50-DMA of 1,264. The stock, after consolidating for a long time in the range of .Rs 1225-1290, is about to break the trading band. Immediate targets could be in the range of Rs 1295 -1328.
Bharti Airtel: This telecom stock too has a buy recommendation with a target price of Rs 435 and a stop loss at Rs 380. Buy on dips and accumulate the stock from a long-term perspective keeping a trading stop-loss of Rs 380. Structure looks very positive as the stock is showing strong resilience in this downtrend market. Huge cash delivery-based buying is happening.
L&T: The engineering company has a recommendation of buy with a target price of Rs 1850 and a stop loss at Rs 1708. Accumulate on dips from a short-term delivery perspective keeping a trading stop-loss of 1,708. The stock is in a strong up trend as it is holding firmly above its 200-day EMA of 1704. Structure looks very strong for a target of 1850.
JSW Steel: Pillai also recommends this stock with a target price of Rs 920 anf a stop loss at Rs 852. Buy and hold with a stop-loss of Rs 852 from a short-term trading perspective. The steel sector has been continuously under-performing and consolidating for quite some time. Going forward, we believe if the stock holds above Rs 883, then we see a strong rally taking place with a price target of Rs 920. RSI giving a strong buy signal.
Tata Steel: Here too the recommendation is buy with a target price of Rs 628 and a stock loss at Rs 560. Accumulate on dips from a trading perspective keeping a trading stoploss of Rs 560. The counter is showing strong signs of revival after a continuous downtrend. The technical oscillator RSI is also giving a positive signal towards a possible rally.
Firstpost have picked Adani, APIL, GSPL, Patel Engineering, Bajaj Hindustan, Crompton Greaves, L&t, Jain Irrigation and BPCL as the 9 stocks of the day.
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