In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money share their top picks for the day.
Sudarshan Sukhani of s2analytics.com One of the midcap stocks that is doing very well now is Sintex Industries. It has bottomed out. It has built a fairly strong base. In the short term it has confirmed a double bottom and is now moving up after that confirmation. So inspite of the fact that the broad markets are down, we have an outperforming midcap. Sintex is also a high beta stock so rewards can be coming easily. Consider buying Sintex for today. SP Tulsian of sptulsian.com Godrej Industries which is ruling at Rs 301 looks a good short-term buy because considering the Q4 numbers which have been quite robust with an increase of over 100 percent in the bottom-line and the buying which we have seen in the stock yesterday probably indicates that the stock can move to a level of Rs 318 to Rs 320 in next 10-12 days.Hemant Thukral of Aditya Birla Money First stock strategy is on UCO Bank. We have seen on the derivate front that UCO Bank has added fresh open interest to the tune of 6 percent along with premium to the future increasing clearly implying long positions have been added up. Also technically the stock has formed a strong base around Rs 74-75 where it has been trying to consolidate from last three-four trading sessions. Today it has managed to cross above Rs 76-70 zone which was acting as a slight resistance zone for the counter. In immediate short-term we recommend to go long on UCO Bank keeping a stop loss of Rs 74 and a target of Rs 81. Second stock is Indiabulls Real Estate. It is a real estate stock and the way real estate have been battered down in this downward rally we expect some pullback which can also be seen in the way the open interest is being added up to the tune of 4 percent from the downside clearly telling that long positions have been added here. Now stock also has formed a very strong support base around Rs 69-70 zone where 50 days moving average is also present. So in immediate short-term we recommend to go long on Indiabulls Real Estate for a target of Rs 76-77 zone, stop loss has to be maintained at Rs 68.
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