The first quarter results have managed to see many companies come up with numbers which were below expectations. This will affect the overall market sentiments on the negative side.
Sharetips info recommends to buy the stock of Jindal Photo for intraday trading. The buy price for the stock is above Rs 170 and the target price is Rs 176-178. The stop loss for should be placed at Rs 167.
Meanwhile Sharegyan has placed a buy on the stock of STFC on opening with a target price of Rs 710 and a stop loss at Rs 688. The stock too is for intraday.
The website, technicalanalysisofstocks, suggests to buy the stock of Gravita with a stop loss at Rs 335 and a target price of Rs 358. Their rationale is based on the signal that the 13 days moving average curve crossed.
Vinit Pagaria, VP-Investment Strategies, Microsec Capital have suggested the following stock in Economic Times.
UCO Bank: Here the recommendation is buy on bullish sentiment. The target price for the stock is Rs 97 and a stop loss at Rs 84. Pagaria further added, UCO Bank has been consolidating in the range of Rs 87-91 since few days and has strong support in the Rs 84-87 zone. Momentum indicators suggest that the stock might rally in the short term and test levels of Rs 93 followed by Rs 97.
Alstom Projects: Here too the recommendation is to buy the stock for its bullish outlook with the target price of Rs 592.45 and a stop loss at Rs 582.His view is that, after a smart rally from Rs 524 to Rs 613, the stock retraced some of the gains and made a low of Rs 573 last week. It exhibited strength again on Friday and appears set to move higher to Rs 602-610 in the next 2-3 trading days.
Hero Honda: Pagaria suggested a buy on this stock with a target prie of Rs 1870 and a stop loss at Rs 1788. He considers, Hero Honda gave a short-term trend reversal on Thursday on very good volumes. Further, the reversal came from the crucial 200-DMA level near Rs 1,735. The stock is likely to trend higher and test Rs 1,870 in the short term.
Pantaloon Retail: The retail company also has a buy rating with a target price of Rs 380 and a stop loss at Rs 308. The stock has given a breakout above Rs 333 on Friday on good volumes and has closed above the 200-DMA after eight months. A move above Rs 352 is likely to take the stock further higher to Rs 380.
Educomp Solutions: For this education sector stock the recommendation is sell with a target price of Rs 354 and stop loss at Rs 386. Educomp Solutions has been under severe pressure since many months and has breached the support of Rs 380 last week. It is likely to drift lower to Rs 354 followed by Rs 325 in the medium term.
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