Traders Diary: Buy, sell or hold strategy on ICICI Bank, HDFC Bank, Canara Bank, Sona BLW, Godrej Properties, over a dozen 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 during the course of the day. Check out which stocks are on analysts 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 Friday, July 28, the first session of the August derivative series. Check out which stocks are on analysts Kushal Gupta and Ashish Chaturvedi's radar, and what they recommend in cash and derivative segments.
Here's the complete list of investment and trading ideas for the day:
Kushal Gupta
Buy Greenlam Industries shares in the cash segment for a target price of Rs 480 with a stop loss at Rs 462
Sell HDFC Bank futures for a target of Rs 1,640 with a stop loss at Rs 1,715
Buy the Rs 960 put option of Axis Bank at Rs 18.8 for a target of Rs 32 with a stop loss at Rs 13
Technical pick: Buy Glenmark Pharma shares for a target of Rs 850 with a stop loss at Rs 820
Fundamental pick: Buy Bharat Forge shares for a 12-month target of Rs 1,090
Investment idea: Buy ICICI Bank shares for a 12-month target of Rs 1,200
News-based pick: Buy Motilal Oswal Financial shares for a target of Rs 840 with a stop loss at Rs 805
My Choice picks:
- Buy Sona BLW Precision shares for a target of Rs 610 with a stop loss at Rs 582
- Buy Tata Communications shares for a 12-month target of Rs 2,050
- Buy Lupin shares for a target of Rs 1,020 with a stop loss at Rs 980
Ashish Chaturvedi
Buy Home First shares in the spot market for a target of Rs 895 with a stop loss at Rs 860
Buy BEL futures for a target of Rs 132 with a stop loss at Rs 126
Buy the Rs 1,700 put option of Godrej Properties for a target of Rs 70 with a stop loss at Rs 56
Technical pick: Buy Abbott India shares for a target of Rs 24,000 with a stop loss at Rs 23,600
Fundamental pick: Buy Ajanta Pharma shares for a target of Rs 1,620 with a stop loss at Rs 1,530
Investment idea: Buy L&T Tech shares for a 12-month target of Rs 4,750
News-based pick: Buy PVR-INOX shares for a target of Rs 1,570 with a stop loss at Rs 1,540
My Choice picks:
- Buy Canara Bank shares for a target of Rs 350 with a stop loss at Rs 340
- Sell UPL futures for a target of Rs 609 with a stop loss at Rs 630
- Buy Craftsman Automation shares for a target of Rs 4,820 with a stop loss at Rs 4,700
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