Buy HDIL, Federal Bank; Avoid Bank of Baroda: Swati Hotkar

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Swati A Hotkar, technical research analyst at Nirmal Bang Securities, expects Nifty to break above 8,000 as long as the index holds 7,750. Investors should hold on to long position in markets till Nifty is trading above 7,750, she added.(Watch video)

Stock Talk

Buy HDIL: The stock is looking good on charts, buy HDIL with a target of Rs 100-110 and a stop loss of Rs 75.

Buy Federal Bank: Investors can buy this stock at current levels for target of Rs 56-58 with stop loss at Rs 46.

Hold Kaveri Seeds: The stock is forming higher top, higher bottom formation. It touched its 200-day moving average in trades on Monday. It can move up to Rs 450. Investors who are holding the stock should continue to do so with stop loss at Rs 425. Fresh long positions should not be created at current juncture.

Dr Reddy’s Labs: On technical basis, the stock is not looking good, so fresh long positions should not be created as the stock faces stiff resistance around Rs 3,060. However, investors can look to buy this stock around Rs 2,870-2,890.

Sell Indiabulls Real Estate: The stock is near 52-week high and fresh buying should be avoided. Those who are long should partially book profits and keep trailing stop loss. Fresh buying should be done on dips around Rs 70.

Hold Petronet LNG: The stock has done very well in the last one month. It can go down to Rs 265-270, so fresh buying should not be done at current levels. Those holding long positions should continue to do so with stop loss at Rs 274.

Buy TVS Motor Company: The stock faces resistance around Rs 300. Investors should buy on dips around Rs 280 for target of Rs 300.

Avoid Bank of Baroda: The stock is witnessing selling pressure and it broke below 100 day moving average and investors should avoid buying this stock.