Stock Trading Recommendations

Nifty Outlook

Nifty is now tied within the immediate band of 7800 to 8000 ; awaiting an impulse move which will trigger fresh momentum. The reversion of momentum indicator form its oversold zone augurs well for the ongoing pullback.

TVS MOTORS: BUY

Target: Rs 330

Stop Loss: 298

Strong Uptrend & fresh breakout from a continuation pattern on the immediate term scale indicates a price target upto Rs 330.  The current setup provides a good risk reward opportunity for short term longs  with a stop Loss at Rs 298.

HPCL: BUY

Target: Rs 990

Stop Loss: Rs. 780

'Bullish Hammer' confirms the long term support & the secular uptrend to stay intact. We expect the OMC basket to continue its relative outperformance. HPCL could be accumulated with a stop Loss at Rs 780 for an initial target upto Rs 990.

BHEL: SELL

Target: Rs 160

Stop Loss: Rs.180

Fresh breakdown from a continuation pattern indicates weakness to continue. BHEL could be traded with a stop Loss above Rs 180 for an initial target upto Rs 160.