Rajat Bose of rajatkbose.com told CNBC-TV18, "I would suggest two stocks that are actually showing reversal signs after their correction is through. I would suggest a stoploss below Rs 109.80 and target would be Rs 122 to about Rs 124 in Exide Industries. Sesa Sterlite is once again showing traction, target is Rs 189 to about Rs 192 and stoploss should be at Rs 174.50."
"Bharat Heavy Electricals (BHEL) is one great performer today. I expect it to move up to Rs 167 to about Rs 169 and keep stoploss below Rs 151," he said. "In Karnataka Bank I would put a stoploss below Rs 99 and buy at around current prices, Rs 109-110 is the area where the 200-day exponential moving average is located, so Rs 108.50 is a viable target for this." "Indiabulls Real Estate could be used as a day trading or for that matter BTST kind of trade. Level of Rs 68.50 is the stoploss and target would be Rs 74 in about two trading sessions. This was showing momentum, but last 30 minutes it is showing some kind of supply pressure coming in at higher levels."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
