Ashish Kyal of wavesstrategy.com told CNBC-TV18, "I have a buy call on Colgate Palmolive (India) from the defensive space. The stock has managed to take out previous pivot high as well near the Rs 940 zone and currently it is trading at the higher point of the day along with the weekly bias is positive. We can expect Colgate to reach towards the target level of Rs 1,000 and stop loss has to be maintained at Rs 940.""I have a buy call on UPL. We can see strong momentum bar formation even on this stock and it has managed to break above the pivot resistance which was around Rs 580-590 and currently trading above Rs 600. So the overall trend is positive. This stock is heading towards the previous high levels of Rs 640 and one should maintain a strict stop loss at Rs 580 for this stock," he said."I have a sell call on Ceat. It failed to break above Rs 920-930 zones and has reversed back again after forming a wedge-shaped pattern and the target for this wedge pattern comes towards around Rs 810-820. So, we can short sell Ceat with a stop loss of Rs 905 on the upside for the target of Rs 815." "I also have a sell call on Cadila Healthcare. We can see strong reversal which has happened from Rs 380 and there has been a faster price as well as time reversal. So it looks like Cadila Healthcare is moving towards support zone of Rs 320-325. So, one can short Cadila with a stop loss of Rs 383 for target of Rs 324," he added.
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