Buy Ahluwalia Contracts, Capital First: Simi Bhaumik

Simi Bhaumik of simibhaumik.com told CNBC-TV18, "I would recommend Ahluwalia Contracts because the stock has staged a fresh breakout today and I think one can accumulate this stock between Rs 300 and Rs 290. My stop loss for short-term would be Rs 280, maybe one can maintain a wide stop loss also below Rs 270 because I am expecting a minimum target of Rs 340-355 on the upside. Once it clears Rs 345-355 range it is going to stage a fresh rally and it may face the next target of Rs 390 on the upside. This stock is pretty bullish and one can maintain one’s long position in this.""My second stock would be Capital First. This stock is doing well today and I expect a fall between Rs 435 and Rs 425. There I will recommend to go long. One can maintain stop loss below Rs 410. My short-term targets are Rs 470 and Rs 490, once it clears Rs 490 expecting it to make Rs 540 also on the upside," he said. "Third stock would be Adani Power. It is already moved today but one can buy at a minor dip between Rs 34.50 and Rs 33.50. One can maintain a stop loss below Rs 31, target on the upside would be Rs 39-40. All these are short-term positions. One should maintain one’s stop losses accordingly."