Top trading ideas for the week!

Published on Sat, Apr 05, 2008 at 12:51 |  Source : CNBC-TV18

Updated at Sat, Apr 05, 2008 at 14:59  

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Sudarshan Sukhani , Technical Trends

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Sudarshan Sukhani of Technical Trends is positive on ONGC and Adlabs . Rajat Bose of Rajatkbose.com feels that Ranbaxy may see an upmove over the medium-term, while Vijay Bhambwani is optimistic about HDFC Bank and Gillette India .

Sudarshan Sukhani of Technical Trends

ONGC has gone through a correction, its now standing at significant support levels for long term, for the traders, the stock is now inside a trading range and even the slightest up move can immediately push it upward, a small cap stock that traders should consider is Adlabs, it has seen much better days, moving up to Rs 1900 and is now currently languishing at Rs 600 but Rs 600 is very close to Rs 500 support, therefore an investor may consider limited risks and possibly large potential rewards. For the trader, the sharp decline in Adlabs that any up move could see such a momentum stock gain prices rapidly.

Rajat Bose, Rajatkbose.com

I expect Ranbaxy to move up to something like Rs 525- Rs 550, over the medium term meaning say over the next 3-6 months time, and one can put a stop loss below say Rs 420 and hold on this investment and I have a feeling that this is going to do quite well. Mindtree consulting is a midcap stock, the stock has been actually forming a base between say Rs 340 and Rs 360, kind of levels for quite some time, and also it is showing positive divergence so chances are that we would see a rise in this stock going forward and I am expecting a level fo Rs 445 to Rs 460.

Vijay Bhambwani:

I suggest investments in HDFC Bank, buying at Rs 1250, averaging at Rs 1200 levels, keeping a deep stop loss of Rs 1040 or Rs 1050 levels and to reduce the acquisition costs, one may even sell deeply out of money calls say Rs 100-Rs 150 higher from the buying price,  that would make it a call strategy. Gillette India, which is currently trading at above Rs 850 levels, one can wait for declines, below the Rs 850 mark, a stop loss could be around at Rs 600 or slightly below and one can expect to see a price of Rs 1200 plus over the next 4-6 quarters.

 

  

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