Shardul Kulkarni of Angel Broking is of the view that, one can buy NHPC on decline with a stop loss of Rs 24.7 for the target price of Rs 26.
Kulkarni told CNBC-TV18, "NHPC has been in a strong higher top-higher bottom cycle. The stock moved from Rs 70 to Rs 26 and it is still possible that the stock can move towards Rs 27.5 to Rs 28. So I would look at buying into this decline which is overall Rs 26-24.8. Place a stop loss just below the previous low, which is around Rs 24.7 and one can go long at current prices. I would look at a potential target of Rs 26 at least over the next four-six trading sessions in case of NHPC."
Sudarshan Sukhani, s2analytics.com is of the view that one can buy ITC at around Rs 250-260; the stock can go upto Rs 350. " Maruti Suzuki has target of Rs 2000."
Sukhani told CNBC-TV18, " ITC is an excellent stock to own. From Rs 280, this could be Rs 350 or even Rs 400. If you have a three-year time horizon, the story is very different. In the short-term the trend is slightly on the downside. So you do not want to hold ITC as a short-term trader but I think it is very good for anyone having a long-term time horizon. If one wants to add some more shares to one's portfolio, one can wait. ITC is likely to come down in the next six months at some point of time. One could even get Rs 250-260, which would be a perfect point to enter into it."
According to report by ICICIdirect.com, traders can buy IDBI Bank around Rs 113.50-116.50 with a stoploss of Rs 106.50 for a target of Rs 135.
"IDBI Bank has consistently shown a good delivery pick-up in the last couple of months since the news of the merger with Stock Holding Corporation surfaced. Despite jittery markets, the stock did not exhibit any kind of fatigue and continued to remain upbeat. The open interest in IDBI Bank is still at elevated levels and there is room for short covering from current levels. Short traders kept on rolling the short positions in IDBI Bank for the last few months. They averaged their positions and the OI increased to 80% in the last couple of months compared to open interest seen in the October series.
One can short Tata Consultancy Services (TCS) on rally towards Rs 1290 with a stop loss of Rs 1320 for the target of Rs 1230-1225, says Shardul Kulkarni of Angel Broking.
Kulkarni told CNBC-TV18, "TCS continues to be in a strong lower top-lower bottom cycle and going forward we may see further downside risk in case of TCS. I would look at the stock moving to around Rs 1,230 to Rs 1,220, because overall the stocks in the IT space do not look that good and TCS in particular is quite negative. So, I would not be bullish in case of TCS. I would look at going short. On any rise towards Rs 1,290, place a stop loss at Rs 1,320 and look at a potential target of around Rs 1,230 to Rs 1,225."
sat around Rs 400-405 levels, says Amit Trivedi, Director, FinStream Financial Advisors.
Trivedi told CNBC-TV18, "Right now most of metals have moved up, they have rallied. Tata Steel has moved from around Rs 360-370 levels a month back to around Rs 430-440 levels right now. So we think the stock should consolidate at these levels. So we would not like to buy stocks at this point of time but we feel this could be an interesting trade for entire 2013. We feel investors can buy Tata Steel at around Rs 400-405 levels because as China is stabilizing, Europe is stabilizing and US post March would stabilize you may see decent run up in these stocks.
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