Top 6 stock ideas for the day

Equities have bounced back after witnessing sharp selloff over the last couple of weeks. However, the Nifty index is unlikely to break out of the current bearish phase until it takes out 5,050 - 5,100 levels.

Here are six stock ideas recommended by independent analyst Sarvendra Srivastava. These calls are based on technical charts.


1) Tata Motors
Sell around 272 for a target of 245. Stop loss at 285.1.

2) Sun Pharma:
Sell with a target of 530 and a stop loss of 605.6.
3) HUL:
Sell with a target of 405 and a stop loss of 441.6.

4) Hindalco:
Buy with a target of 116 and a stop loss of 109.4.

5) State Bank of India:
The stock is oversold. Buy with a target of 1930 and a stop loss of 1798.

6) Ranbaxy:
Sell with a target of 480 and a stop loss of 507.6.