- SBI :- BUY ABOVE 1840 TARGET 1883 THEN 1924 SL 1809
- ICICI BANK :- BUY ABOVE 765 TARGET 785 THEN 795-805 SL 749
- BHEL:- BUY ABOVE 2248 TARGET 2268 THEN 2296-2305 SL 2220
DERIVATIVE PICK
HOLDING PERIOD – TWO TO SEVEN DAYS
HINDALCO ( Rs.100.30) : The stock has come out with better than expected results and is likely to move up. Buying is advised above Rs.103 and one should add aggressively once the stock crosses the level of Rs.107. Targets of Rs.111 and Rs.115 are easily possible. Higher target of Rs.119 can be expected in a period of ten trading sessions. Stop Loss of Rs.95.75 should be kept.
JSW STEEL ( CASH – Rs.697.75) : Buying is advised above Rs.710 for a target of Rs.722 and Rs.737. Higher target of Rs.752 and Rs.770 is also possible. One month target works out to Rs.805-810. Stop Loss of Rs.674 should be kept.
STOCKWATCH
ITC, Present Price – Rs.249.20
The stock is showing tremendous bullishness in charts of all time frames including weekly and monthly. Buying is advised above Rs.254 for a target of Rs.265 and Rs.278. Higher target of Rs.295-305 is also possible. Stop Loss of Rs.229 should be kept.
