Anu Jain's top 5 picks for trade today

Here are the key levels:

Buy Nagarjuna Construction with a target of Rs 171.50 per share and stop loss at Rs 165 per share.

The whole infrastructure pack is looking good right from Larsen to Jaiprakash Associates—the whole pack. But Nagarjuna looks to be good for trading for the day at least. It has crossed that Rs 166 level, which is pretty crucial for this and at Rs 167, where it has crossed it looks poised to handle the Rs 172 levels closer to that as a resistance.

On a weekly basis, it is looking good to trade for the whole week with a positive bias. So can attempt on a longer period of time closer to Rs 180-184 levels but intra-day a couple of percentage points to Rs 172 is where I look at it.

Buy Rico Auto with a target of Rs 30 per share and stop loss at Rs 26.15 per share.

I do like the whole auto ancillary pack as such. Today I have taken packs, which are showing as such movement pattern. So you basically had Exide which has not moved but even that is looking good.

Rico is looking definitely good. The price has closed over the 50 day moving average, a very positive sign. At Rs 27.50 approximately, I think a stop loss of Rs 26.70-26.75 looks poised for about Rs 30 on a swing call basis. Intra-day it can give you a couple of percentage points, so if you want to play it just for the day couple of percentage points there can happen.

Buy KSK Energy with a target of Rs 195.50 per share and stop loss at Rs 185.50 per share.

In fact, if you see whether it’s KSK Energy Ventures, whether it is Jyothi Structures again it is a pack which is moving, which is basically showing that there is interest into sectors, which haven’t really haven’t caught up with the other sectors.

KSK itself again the 50 DMA has moved above the 200 DMA, the crossover is an important positive indicator. So this may not bring in just movement for the day but for a slightly longer period of time. And with a stop loss of Rs 186, I think I am looking for more like 7-8% move on it, so closer to Rs 196 is where I see the target.

 Buy Mercator Lines with a target of Rs 60 per share and then Rs 63 per share and stop loss at Rs 165 per share.

It is a high beta for the day. It moves very swiftly, so I think if it can probably give big moves. Again the moving average crossovers are very positive on the stock and it has moved on Thursday about 5% and with Rs 58.60, with a stop loss closer to Rs 57 your first target would be Rs 60 but if Rs 60 is taken out then Rs 63 stands to be the next target, this can move very fast. So for someone who wants to take a higher beta risk then this is probably the stock

Buy Subhash Project with a target of Rs 165 per share and stop loss at Rs 148.90 per share.

It is looking very good on the charts and it has consolidated—it did a big move of 7% on Thursday. Week on week if you see, it has done only about 9%, so what move you have really seen is like the whole sector has done a move very concentrated to Thursday and it looks like its going to do some more. So I think probably keeping a stop loss of Rs 148.90 you are looking more towards—this is more towards swing call kind of call for Rs 165—so if a big move happens today, I think you can take advantage of it. But overall the view is for Rs 165, so can take a few days for it.