Stock Recommendations

APAR INDUSTRIES: BUY

Stop Loss: Rs 380

Target: Rs 433

It has negated its immediate negative pattern of making lower lows of last four trading sessions. Recently, it has taken multiple support at around 350 zones and reclaimed its 50 DMA. The overall medium and long term trend of the stock is intact to positive even after volatility in broader market. It is well placed to start the next rally towards 433 and higher levels. One can buy the stock on small decline with stop loss of 380 for the upside target of 433 levels.

ASHOK LEYLAND: BUY

Stop Loss: Rs 82

Target: Rs 92

It has taken support near to 77-78 zones on Tuesday and during the last session recovered towards 89 levels. It has turned from the crucial levels as earlier 77 was acting as a resistance and now that is acting as a support zones. It looks strong as overall trend of the stock is positive and it is well placed to catch its momentum of making higher top – higher bottom. One can buy the stock with stop loss of 82 for the upside target of 92 levels.

CROMPTON GREAVES : BUY

Stop Loss: Rs 159

TARGET: Rs 175

It has taken support near the lower band of the trading range at the multiple support of 150-152 zones and it is working well from last seventeen series. It has seen decline in open interest by more than 10% with positive price action in last two sessions which indicates that shorts are covering their position and now fresh longs may drive the move on higher side. One can buy the stock on small decline with stop loss of 159 for the upside target of 175 levels.

ACC : SELL

Stop Loss: Rs 1,417

Target: Rs 1,333

It has been continuously witnessing selling pressure from last six series. Recently, it has given a bounce back move from 1350 to 1410 zone but bears are again pulling the stock to lower levels with liquidation of long position. As per its price behavior it may retest it lows of 1350-1333 levels. Thus recommending to sell the stock with the stop loss of 1417 level for the downside target of 1333 levels.

ASIAN PAINTS: BUY

Stop Loss: Rs 843

Target: Rs.900

Support at 849 below 843. Resistance is at 863 above 874.90. (Buy for intraday with a stoploss below 843)

HERCULES HOISTS: BUY

Stop Loss: Rs 163.60

Target: Rs.186

Support at 165.20 below 163.30. Resistance is at 171.50 above 176.

HOV SERVICES: BUY

Stop Loss: Rs 66.95

Target: 78

Support at 68.30 below 66.95. Resistance is at 72.10 above 74. 

SARDA ENERGY: BUY

Stop Loss: Rs 100.20

Target: Rs.115

Support at 101 below 100.20. Resistance is at 106.30 above 108.50. 

HATHWAY CABLES: BUY

Stop Loss: Rs 37.50

Target: 40

Support at 39 below 37.50. Resistance is at 42 above 43.90 and more.