Rahul Mohindar of viratechindia.com told CNBC-TV18, "HDFC is a stock which one could get into at the current level, around Rs 1115 is where I would like to buy it. Stoploss is very thin at Rs 1100. I think we are moving to about Rs 1140 if we are talking intraday but given a day or two Rs 1170 is the final target I have on the stock. In fact if one is able to extend one's time horizon beyond a very short term area, I think the stock is really poised for Rs 1250 odd level. So, it a good stock to be in both from the very short term as well as the next couple of weeks."
"In NTPC, the last 3 or 4 days of correction has been really with declining volumes. I think the stock is really straightening for the medium to long term and given that situation I would buy it with a stoploss at Rs 141 with a target at Rs 152. I reckon one could buy at current level or closer to Rs 145," he said.
"I would like to buy Reliance Industries. After a bit of a correction over the last couple of days we seem to be bouncing back and I think there is a short term reversal that we have witnessed on the intraday timeframe charts. I think Rs 1015 is a good target to be trading for, Rs 1015 is really very strong resistance, so one should keep that in mind. This is a short term call which I would take. So, Rs 960 being the stoploss, I would buy Reliance at current level for target of Rs 1015."
Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group
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