Traders' Diary: Buy, sell or hold strategy on OGNC, HDFC, RVNL, Indian Hotels, RITES, 15 other stocks today
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday, February 8 — the day the RBI reveals what's in store for the economy and the market in its first policy statement of 2023. Check out which stocks are on analysts Kushal Gupta and Arman Nahar's radar, and what they recommend in cash and derivative segments.
In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday, February 8 — the day the RBI reveals what's in store for the economy and the market in its first policy statement of 2023. Check out which stocks are on analysts Kushal Gupta and Arman Nahar's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for February 8:
Kushal Gupta
Buy Wonderla Holidays in the cash market for a target of Rs 386 with a stop loss at Rs 370
Buy Navin Fluorine futures for a target of Rs 4,410 with a stop loss at Rs 4,250
Buy the Rs 145 call option of ONGC at Rs 3.75 for a target of Rs 6 with a stop loss at Rs 2.8
Technical pick: Buy HDFC for a target of Rs 2,781 with a stop loss at Rs 2,650
Fundamental pick: Buy Ashok Leyland for a target of Rs 190 with a view of 12 months
Investment idea: Buy Cummins for a target of Rs 1,700 for a 12-month horizon
News-based pick: Buy RVNL for a target of Rs 75 with a stop loss at Rs 70
My Choice picks:
- Buy Bayer Corp for a target of Rs 4,620 with a stop loss at Rs 4,450
- Buy Kirloskar Ferrous for a target of Rs 400 with a stop loss at Rs 382
- Buy CreditAccess for a target of Rs 930 with a stop loss at Rs 890
Arman Nahar
Buy Phoenix Mills in the spot market for a target of Rs 1,475 with a stop loss at Rs 1,420
Sell GNFC futures for a target of Rs 507 with a stop loss at Rs 528
Buy the Rs 390 call option of Ambuja at Rs 22.55 for a target of Rs 29.5 with a stop loss at Rs 20
Technical pick: Buy Concor for a target of Rs 644 with a stop loss at Rs 620
Fundamental pick: Buy Global Health for a target of Rs 550 with a view of 15 months
Investment idea: Buy Polyplex for a target of Rs 1,800 with a perspective of 15 months
News-based pick: Buy Thermax for a target of Rs 2,065 with a stop loss at Rs 1,985
My Choice picks:
- Buy RITES for a target of Rs 480 with a view of 18 months
- Buy United Drilling for a target of Rs 290 with a 12-month perspective
- Buy Indian Hotels for a target of Rs 326 with a stop loss at Rs 313.5
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09:44 AM IST