Ashwani Gujral's top 5 picks for trade today

Here are the key levels:

Buy McLeod Russel with a target of Rs 267 per share and a stop loss at Rs 250 per share

Tea Stocks have corrected over the last few days and softer commodities are tending to better in a stronger dollar scenario. So we buy it with a stop of Rs 250 and target for the day could be around Rs 267.

Buy Kirloskar Ferrous Industries with a target of Rs 39 per share and a stop loss at Rs 33 per share

This had a parabolic move and then 4-5 down days. It has again moved up yesterday. So this is a smaller cap stock, which we can buy with a stop of Rs 33 and could see targets of about Rs 39.

Buy Atlas Cycles with a target of Rs 223 per share and a stop loss at Rs 200 per share

I don’t know if it qualifies as an auto but this has been doing well. We could buy this with a stop of about Rs 200. It could get up to Rs 223. It had a good move yesterday, so some follow-through may happen today.

Buy Asian Paints with a target of Rs 1,830 per share and a stop loss at Rs 1,722 per share

Things which have made fresh highs while the markets have corrected about 200 points are always good stocks on the upside. Asian Paints has made a fresh high. One can buy this for a stop of Rs 1,722 and target here, over the short-term, could be closer to Rs 1,830.

Buy TCS with a target of Rs 775 per share and a stop loss at Rs 696 per share

Both largecap and midcap tech are moving to fresh highs. It’s always a good sign. Infosys has done that and TCS is likely to do it today. So we buy that with a stop of Rs 696 and the target over the short run could be Rs 770-775.