Short Term Stocks Recommendations

ADITYA BIRLA NUVO: BUY above Rs.2080 with Target: Rs 2,200;Stop Loss: Rs 2,020

Buy above Rs 2080 with stop loss at Rs 2020 and target  Rs 2200. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.

HDFC : BUY above Rs.1213 with Target: Rs 1,260;Stop Loss: Rs 1,170

Buy above Rs 1213 with stop loss at Rs 1170 and target Rs 1260. Daily chart indicates that  stock has given the breakout of the downward sloping trend line with decent volume. RSI is placed with a positive signal on the midway.

INTELLECT DESIGN : BUY above Rs.245 with Target: Rs 265;Stop Loss: Rs 235

Buy above Rs 245 with stop loss at Rs 235 and target Rs 265. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.