The BSE Sensex snapped a four-day losing streak on Thursday amid strong buying by foreign investors. Many analysts expect markets to correct, following the passage of the GST bill in Rajya Sabha, but Ruchit Jain of Angel Broking is positive about equities. (Watch)
Sell United Spirits: The stock continues its downward trend. Sell the stock for a target of Rs 2,060-2,080 with stop loss at Rs 2,360.
Buy Tata Motors: The stock is trading in a rising channel and has outperformed broader markets. Buy Tata Motors for a target of Rs 515 with stop loss at Rs 476.
Buy Dish TV India: The stock had run-up sharply, so it is seeing profit booking. But the broader trend is positive. Initiate long positions in Dish TV if it comes down to Rs 91-92.
Buy Cadila Healthcare: The stock has given an up move after long period of consolidation. But a bullish trend will arise only if it crosses Rs 382 on the upside. Buy the stock if it crosses Rs 382 in next 2-3 trading sessions.
Buy Aurobindo Pharma: Although the stock is witnessing some correction, the broader trend is positive. So buy it on declines to Rs 715 levels.
Buy Tata Steel: The stock is witnessing some consolidation within an overall uptrend. Buy for a target of Rs 385 with stop loss above Rs 345.
Buy Bank of Baroda: The stock is near its resistance level of Rs 155. Buy only if it crosses Rs 155 on the upside.
Sell BHEL: Sell the stock for a 2-3 day target of Rs 123 with stop loss at Rs 138.
Buy L&T: The stock is near its support level of Rs 1,430, so do not short at this level. Rather buy the stock if it comes close to Rs 1,430 for a target of Rs 1,525.