Buy Reliance Industries, Tata Steel, Avoid Yes Bank: Aditya Agarwal

Domestic stock markets have been choppy, tracking rising global volatility ahead of US Federal Reserve's rate hike meeting next week. NDTV profit spoke to Aditya Agarwal, head technical research at Way2wealth, to discuss trading strategies and top picks.

Stock Talk

Buy Reliance Industries: The stock has outperformed in the last couple of days. Buy RIL on declines around Rs 1,030 with stop loss at Rs 975 for target of Rs 1,090-1,120.

Buy Tata Steel: Some pullback can be seen in this stock, though it has an important support at Rs 370. If Tata Steel breaks Rs 370, then it can go down to Rs 360. Buying Tata Steel is advisable around Rs 360 with stop loss at Rs 340 for target of Rs 400-410 in next couple of weeks.

Avoid Yes Bank: Short term view on this stock is negative and it is best to avoid this stock at current levels.

Buy Bank of Baroda: The overall structure for this stock remains bullish. Buy this stock around Rs 156 with stop loss at Rs 145 for target of Rs 170-180.

Buy Syndicate Bank at the current market price for target of Rs 80-82 with stop loss at Rs 72.

Bharat Financial Inclusion: Short term view on this stock is negative as it has broken its important support at Rs 740. It can go down to Rs 690 which will be a good level to buy the stock for target of Rs 800-840 with stop loss at Rs 645.