Buy State Bank of India: The stock is forming higher top higher bottom formation on charts and it can go up to Rs 320.
Reliance Industries: The stock has moved up from Rs 1,020 to Rs 1,450 and is going through a phase of correction. It has support at Rs 1,320 and if it breaks Rs 1,320 it can go down to Rs 1,260-1,240.
Buy Ambuja Cements: The stock looks good for further upside and there is a possibility that it can move up to Rs 280.
Avoid Idea Cellular: The stock has fallen from Rs 120 to Rs 80 and is highly oversold and Monday's move was more of a dead cat bounce.
Buy Indiabulls Real Estate: The stock is heading towards Rs 220, traders can buy it on a small correction.