Top 7 stock ideas for the day
NDTV Profit spoke with Divestment Secretary Mohammed Haleem Khan about issues related to GAAR and divestment target and how he sees the divestment roadmap for fiscal year 2012-13.
The Nifty traded around 5,330 marker levels for the better half of Wednesday but failed to close above that mark.
It registered a high of 5,342 yesterday, which now becomes the crucial upside pivot/breakout levels. Prices should now go past 5,342 convincingly before the rally can gather steam.
This means that the stalemate could continue for some more time and 5,183-5,342 remains the trading range.
The small bold black trend line at 5,205 and the 200 DEMA around 5,210 remain other crucial supports making the 5,183-5,210 range a strong support and a likely springboard for the next up move.
Here are few stock ideas based on charts.
1) Tata Motors:
Buy with a target of 340 and an intraday stop loss of 298.4.
2) Siemens:
Buy with a target of 890 and a stop loss of 808.4.
3) IVRCL:
Buy with a target of 68 and a stop loss of 62.4.
4) Educomp:
Buy with a target of 215 and a stop loss of 197.4.
5) Hindalco:
Buy with a target of 135 and a stop loss of 127.4.
6) ITC:
Sell with a target of 225 and a stop loss of 251.1.
7) Hero Honda:
Sell with a target of 2,000 and a stop loss of 2206.