Hot Stocks To Buy Today By Ashwani Gujral Sudarshan Sukhani

hot stocks to buy today for intraday trading and intraday stock tips

Ashwani Gujral, Sudarshan Sukhani and Mitesh Thacker have recommended following hot stocks to buy today

Hot Stocks To Buy Today

(i) Bajaj Finance has restarted some sort of a rally. It is a buy with a stop loss of Rs 10,300, target of Rs 11,000. In fact, a lot of non-banking finance companies (NBFC) have restarted the rally.

(ii) JSW Steel is a buy with a stop loss of Rs 1,740, target of Rs 1,800.

(iii) Tata Elxsi has broken an important support at Rs 1,600, so that is a sell with a stop loss of Rs 1,605, target of Rs 1,540.

(iv) Mindtree is part of the midcap IT space which is very weak and HDIL has already confirmed a bearish head and shoulder. Most real estate stocks are giving the message that they are going to enter into a correction and a deeper correction than now.

(v) Reliance Industries is a buy. After moving in a trading range is giving a sense that it may be willing to break out. Now, whether it breaks out or not, it is worth buying into for a short term trade.

(vi) M&M Financial Services is a buy as well as UltraTech Cement. Both are on verge of some kind of intraday break out, so, even if they don’t give us a big upmove, in a choppy market there will be some gains on the upside. So, M&M Finance and UltraTech for long positions.

(vii) Bharti Airtel is a short-term sell. The keyword here is short-term. Bharti Airtel and Pidilite Industries has already been breaking down from a large bearish pattern, and NIIT Technologies is a short which has been a consistent underperformer. Most midcap IT stocks are in bear market. So there are three selling ideas.

(viii) In Mahindra & Mahindra Financal Services there is target close to about Rs 360 and recommend a buy with a stop loss at Rs 341.

(ix) Apollo Tyres had a gap break out. It can head up to about levels of Rs 195 and buy this one with a stop loss of Rs 178.50.

(x) Central Bank of India has been in a range of about Rs 108 to about Rs 96 for the last three weeks. Signals of breakout are there, so if it gets past Rs 108.50, buy with a stop loss at Rs 105 with targets of Rs 120.

(xi) AIA Engineering is showing continuation candlestick pattern, so it suggests that the uptrend should continue. Buy with a stop loss of Rs 1,219 for targets of Rs 1,325.

(xii) Infosys will continue to decline and by that accord, the entire IT sector will continue to remain under pressure, because the same story is applied to everybody. So, there is still no question of buying Infosys. It will take a while to turn. Something major is probably happening there. That is the reason people are coming out again and again. So, just wait for the dust to settle on IT before getting in.

(xiii) Apollo Tyres is a buy with a stop loss of Rs 179 and target of Rs 193.

(xiv) Indiabulls Real Estate is a sell with a stop loss of Rs 83 and target of Rs 75.

(xv) UPL is a buy with a stop loss of Rs 638 and target of Rs 670.

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Comments (2)

  1. hitesh popat

    Plz send me 2017 penny stock

  2. sk mortoja ali

    Sir. Pls give sugation what stocks trading tomorow.


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