6 stock ideas to liven up your trade

Parag Doctor, Head - Trading Strategies, Keynote Capital

HUL is a stock to buy. The stop loss for the trade is Rs 439 and the target is Rs 465. The rationale of the trade being, the stock is at a new 52-week high. The stock is in a defensive sector and it is heading for a target of Rs 465 which is the target of the breakout.

NTPC is the stock to sell with a stop loss of Rs 159 and target of Rs 148. The rationale for the trade is Rs 160 is the resistance, which is developing for the last few days and this is also the overhead resistance. The stock is heading for a target of Rs 148, which is where the support from the 20-day moving average is.

Manas Jaiwal of manasjaiswal.com

Last week IRB Infra took support near to Rs 100, thereafter it started trading in the range of Rs 125-110. But yesterday it broke this range upside with higher volumes. So now the stock can test Rs 140 in the next 1-2 trading sessions. One can buy it with stop loss of Rs 121.

India Cement made a good base near Rs 70. Yesterday it broke the resistance of Rs 79. So now the stock can correct its entire fall from Rs 120 to 70 and can test Rs 89 in next 3-4 trading sessions. One can buy it with a stop loss of Rs 76.

Arunesh Madan, Augment Investment

Sell Cairn India in the range of Rs 321 to 324 with the stop loss being placed above the Rs 332 levels. The stock is forming a lower top and lower bottom on the daily charts which is a bearish sign. Look for a retest of Rs 300 in the coming days.

Sell Mahindra and Mahindra in the range of Rs 680-685 with the stop loss being placed above the Rs 700 levels. The stock is facing a very strong resistance around the Rs 700 levels. Look for a retest of Rs 650 in the coming days.