Stock ideas for March 28, 2013

Bharti Airtel:

SP Tulsian of sptulsian.com advises that one can short Bharti Airtel around Rs 300-305.

Tulsian told CNBC-TV18, "Bharti Airtel, I see Rs 280-282 as a strong support. Infact if you see this stock coming to those levels go and create long positions and if you see a price of Rs 305 exit from it. However now we are exactly seeing the stock ruling in the mid point so it is better that we watch for it, may be Rs 300-305 could be looked to short the stock but I won't create a long position at this stage."

GMR Infra:

Shardul Kulkarni of Angel Broking advises traders to hold their long positions in GMR Infrastructure but with a strict stop loss of Rs 20.40.

Kulkarni told CNBC-TV18, "Inspite of today's down move GMR Infrastructure is still showing some signs of probability moving towards Rs 22.80 to Rs 23. I think trader should hold on to their long positions in case of GMR but with a strict stop loss of Rs 20.40. If the stock were to fall below Rs 20.4 one will see further selling pressure comes into the counter

BOC India:

Shardul Kulkarni of Angel Broking is of the view that, one can accumulate BOC India around Rs 280-300 as the stock is expected to rally towards Rs 390-400 in next 6-8 weeks.

Kulkarni told CNBC-TV18, "In the midcap stocks I would look at very specific counters. Probability is that one may see some bit of that here and there. BOC India is one of them but it is a little longer-term trade. It is about 6 to 8 weeks. Wherein in case of BOC India, the stocks has given two upper circuits after that it has given a correction."

L&T:

Sanjeev Agarwal, CEO of Dynamix Research & Capital Management advised selling Larsen and Toubro (L&T) around Rs 1,400-1,450 levels. He expects the stock to bounce back following rally in key benchmarks.

Agarwal told CNBC-TV18, "What I feel like the current leg of decline, what we are seeing from 5970 should finish in the next two-three days. So considering that the next leg will retrace a part of that, I expect L&T also to bounce back."

GoodReturns.in

DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.