CA Rudramurthy BV, Research Head at Vachana Investments told CNBC-TV18, "The strong stock for me is HDIL which is having a strong base formation at current level at around Rs 49.30-49.40. HDIL can make a move towards Rs 52 and from these strong zones, the stock for short term can see these levels for pure intraday. Go long on HDIL, even today open interest addition is seen on the positive side. Have a target of Rs 52 with stop loss of Rs 49."
"I have a buy call on Jindal Steel & Power. This stock is again taking strong support at Rs 240-245. For a pure day trade, we can expect a move towards Rs 255 with a stop loss of Rs 244."
"Hexaware Tech is a buy call. Have a target of Rs 355 and this stock can in fact do good even for medium to long term and outperform the market. Have a stop loss of the Rs 350 for the long call," he added.
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