Stock Talk
Buy Jet Airways for a short term target of Rs 587 with a stop loss at Rs 540. If the stock moves above Rs 587, it can go up to Rs 608.
Buy ONGC: The stock gave a good breakout and levels of Rs 245 look possible for ONGC. Investors can buy at current levels.
Buy Coal India: The stock is showing good strength on charts and it can go up to Rs 330-333.
Buy Dewan Housing Finance: After a long consolidation, the stock gave a breakout on weekly charts. It can go up by 6-8 per cent to Rs 230-235.
Avoid State Bank of India: The stock faces resistance around levels of Rs 216-218 and going ahead it should test those levels. Fresh long positions should be avoided. Ideally, SBI should be purchased on a correction around Rs 188-190.
Buy Infosys: The stock should correct up to levels of Rs 1,150-1,160. Investors can buy Infosys on dips.
Avoid HCL Technologies: The stock faces resistance around Rs 775-780. Considering, that HCL Technologies was highly oversold, it can go up to Rs 770-780 but selling would come near those levels and investors should not look at bottom-fishing in this stock.
Buy TCS: The stock can be bought on declines and it has support around Rs 2,510-2,520.
Avoid SAIL: The stock has underperformed other metal stocks. It faces immediate resistance around Rs 48-49 and major resistance is at Rs 53. If SAIL has to move higher it has to sustain above levels of Rs 53-54.
Avoid Aurobindo Pharma: This stock looks weak on charts as it has formed a lower top. Aurobindo Pharma can fall to Rs 730-728.
