ShareTipsInfo has recommended REC as the stock to be bought as positional futures. Buy around Rs 225-224.50 for the target price of Rs 233 and place the stop loss at Rs 220.
The website, Technicalanalsisofstocks, recommends the stock of Max India for the target price of Rs 192 and a stop loss at Rs 176. The trendline crossed with very high volume.
Shrikant Shetty, Head- Equity Advisory, Unicon Securities suggested the following stocks in the Economic Times.
Ceat: There is a buy recommendation on this stock with a taget price of Rs 130 and a stop loss at Rs 105. The stock is in oversold zone and has potential for a pull back. Indicators like MACD are showing positive divergence. 38 percent retracement of the stock should help the stock move to 130 levels.
Everonn Education: The education stock too has a recommendation of buy with a target price of Rs 600 and a stop loss of Rs 535. The stock appears to have formed inverted H&S pattern and thus suggests potential upsides from a trading perspective for potential targets of Rs 600 levels. Also MACD, Stochastics are showing positive bias.
Century Textile: This stock too has a buy recommendation for the target price of Rs 410 and a stop loss placed at Rs 355. The stock has formed rounding bottom pattern on daily charts. Monthly and weekly charts, stochastics are generating a 'buy' signal. Shetty expects a retracement move in the stock with a potential target of Rs 385-410 levels.
Corporation Bank: This bank has been recommended for the taget price of Rs 600 with astop loss placed at Rs 499. He said, "On daily charts, MACD and RSI are showing positive divergence. The stock seems to have completed the base building and should see a retracement rally. Advisable to buy from a positional perspective for targets of Rs 565-600 levels."
Aditya Birla Nuvo: Shetty suggests a buy on this stock with the target price of Rs 1050 and a stop loss should be at Rs 920. Aditya Birla Nuvo has broken out from the range. The stock has been in a bullish mode and the break out should bring further momentum into the stock. The target on the upmove could be in the region of Rs 1,000-1,050 level.
Firstpost have chosen the following stocks to be tracked and monitored closely for the day: Pantaloon Retail, ACC, Renuka Sugars, Gail, Educomp, IDFC, Neyveli Lignite, Jindal Saw and Orchid Chemicals.
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