(Check out the views on market and stock suggestion on Traders Corner)
Stock tips recommends A2Z Maintenance & Engineering Services, buy above Rs 263 with a target price of Rs 280-283 and a stoploss at Rs 259.
The website, Technicalanalysisofstocks recommends MOIL with a target price of Rs 370 and a stop loss at Rs 338. The stock technical charts show a bullish break-out with very heavy volume.
Rajesh Jain, EVP & Head - Retail Research, Religare Securities, suggested the following stocks in Economics times.
ABG Shipyard: The recommendation here is to buy, for its possible upside with a target price of Rs 411 and a stop loss at Rs 364. The stock has been moving in a down-slanting channel on daily graphs for the last two months but on Tuesday it broke out above the same. It also gapped up with volumes, indicating force of the move to the upside.
Chambal Fertilisers & Chemicals: Buy the fertiliser company as the trend is bullish. Set target price at Rs 94 and stop loss at Rs 77. The stock is holding up strongly above both long-term averages (100 & 200 EMA) on daily and weekly basis, irrespective of market conditions. Currently, it has formed cup-and-handle pattern on weekly chart, and is now on the verge of an upside break from the same.
GIC Housing Finance: Jain has recommended a buy with a target price of Rs 124 and stop loss at Rs 108. The stock has given a fresh breakout on daily charts backed by heavy volumes. Both the factors indicate that momentum buying can be seen and it may witness a run-up towards Rs 124. One may buy at around Rs 110-111.
KPIT Cummins: Here also Jain has recommended a buy with a target price of Rs 192 and stop loss at Rs 169. His argument stands as 'After making an all-time high of Rs 192.8, the stock went into consolidation. Once the stock moves above Rs 181, it can show good momentum and can touch a higher level. One can buy the stock in the anticipation of a breakout.'
Tata Chemicals: This stock should be bought for a target price of Rs 415 with a stop loss at Rs 363. The stock has been showing strength for the past two weeks and on Tuesday it broke out above a short-term downtrend line, indicating possibility to continue the upmove in near future. Next important hurdle for the stock is around Rs 86.
FirstPost have suggested the following stocks to track for the day: Tata Communications, Yes Bank, Mangalore Refinery And Petrochemicals, Reliance Communications, Shriram Transport Finance Company, United Phosphorus, Century Textile & Industries, Pantaloon Retail and Orchid Chemicals.
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