Anu Jain's top 5 picks for trade today

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Anu Jain's top 5 picks for trade today

Anu Jain, Vice President of IIFL Private Wealth Management is bullish on CMP, Federal Bank, Brigade Enterprise, Reliance Industries and ABB. She advises investors to buy into these stocks.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Bank of Baroda See messages about Bank of Baroda Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news Federal Bank | Brigade Enterprises | ABB | Reliance Industrial Infrastructure | Shree Renuka Sugars | Bombay Dyeing and Manufacturing Company | IVRCL | Bharat Heavy Electricals | Wipro | Infosys | Tata Consultancy Services | CMC | NIIT Technologies | MphasiS | Hindustan Construction Company | IRB Infrastructure Developers | GVK Power & Infrastructure |

Anu Jain, Vice President of IIFL Private Wealth Management is bullish on Bank of Baroda , Federal Bank , Brigade Enterprise , Reliance Industrial Infrastructure and ABB . She advises investors to buy into these stocks.

Here are the key levels:

Buy Bank of Baroda with a target of Rs 582 per share and stop loss at Rs 525 per share.

Banking was going into a consolidation phase last week and if markets have to stay and stabilize at the higher levels, then it is banking, which will have to take the lead again. It has been a leader over the past couple of months. The fact remains that there are only two banks, which displayed strength on Friday, against the market and have been showing strength over the past week.

Bank of Baroda especially showed strength throughout the week. It moved from about Rs 520 to nearly Rs 540 levels. Given the fact that it is closer to about Rs 539 - with a stop loss of Rs 525 - this is a swing trade for about Rs 580, which could probably take place in the next 10-15 days. So in banking this would be one of the strongest. Obviously, if banking recovers, all the other midcap banks would also recover.

Buy Federal Bank with a target of Rs 270 per share and stop loss at Rs 241.50 per share.

It has got some resistance at about Rs 252 levels. It has closed at about Rs 248, close to those Rs 252 levels. Once it takes off that level, technically it is poised to go about Rs 270-275 odd levels. So given the fact that midcap banking will rebound, these are the strongest two and probably these will move the fastest and are largest.

Buy Brigade Enterprise with a target of Rs 147 per share and stop loss at Rs 132 per share.

On the charts, there are many buy signals right from Indiabulls Real Estate to probably Parsvnath Developers all of them. But I think Brigade looks a safe call given that it has closed at about Rs 136 with a stop loss of about Rs 132, I would look to play for a target of Rs 147. Given the fact that this sector is highly volatile and given the fact we closed negative on Friday, I thought it would be better to take a safer bet rather than take a high punt.

Buy Reliance Industries Infrastructure with a target of Rs 1,050 per share and stop loss at Rs 955 per share.

The fact of the matter remains that this has not gone back to 52-week highs that it has made over the last six months. It has been doing well over the last one week and infrastructure per se is looking good, you have even Bharat Heavy Electricals Ltd (BHEL) giving a buy signal today. So I think infrastructure is going to pick up, you had the midcaps like Nagarjuna, IVRCL given some kind of a movement last week, you will probably see some more coming.

So, Reliance Industrial Infrastructure at Rs 979 with a stop loss of Rs 955, the resistance which is there right now on the charts is just Rs 1,050 and beyond that about Rs 1,140. So I think given the state of the market, I would probably play it from Rs 1,050 right now.

Buy ABB with a target of Rs 860 per share and stop loss at Rs 776 per share.

ABB looks promising. We have seen the move Siemens has given. I think this is poised to give another move. It has basically closed over the Rs 786 support level. It first consolidated about Rs 758-760 levels, now moved up about Rs 786, there has been an accumulation pattern on the candlesticks as well. So I think it is going, if you look at a swing trade, probably towards Rs 860. So, it is a sector to be into not just for the day - probably for the day you would get a couple of percentage points. But if you hold on for about a week to 10 days, I think Rs 860 is definitely possible.