Business Standard

Buy and Sell ideas from Anand Rathi for Wednesday's session

Here are a few trading ideas from Chandan Taparia of Anand Rathi for trade today

Chandan Taparia  |  Mumbai 

Foreign firms lead in asset purchase after Essar Oil buy

Here are a few trading ideas from of for trade today

BUY MARUTI SUZUKI

The stock has taken support at the rising trend line and is showing the signs of bottoming out. It snapped the losses of previous two weeks and has turned from the oversold territory. It gave the highest daily close of last ten trading sessions and also looks attractive in terms of risk reward ratio. So, one can buy the stock with the stoploss of Rs 4,910 for the upside immediate target of Rs 5,210

BUY GODREJ INDUSTRIES

The stock surpassed the immediate falling trend line and snapped the losses of previous week. It moved above its 200-DMA and is giving the early sign of bottom formation. The mechanical indicator is also supporting our positive view in the stock and it also looks attractive in terms of risk reward ratio. So one can buy the stock to grab the opportunity of attractive risk reward ratio with the stoploss of Rs 369 for the upside immediate target of Rs 394

SELL CADILA HEALTHCARE

The stock negated the positive price formation of making higher highs – higher lows and snapped the gains of last two sessions. It failed to surpass its immediate hurdle of Rs 415 zones and witnessed selling pressure at higher levels. Fresh built-up of short position was seen in the counter with open interest addition of around 2%. One can sell the stock on a small bounce back move with strict stoploss of Rs 415 for the downside target of Rs 390.

SELL MARICO

The stock broke the support of Rs 250 as it failed to surpass the hurdle of Rs 256-258 and started witnessed selling pressure. It has been witnessing selling at every minor attempt to bounce indicating weakness in the counter. It has added shorts of around 5% in last two trading sessions thus supporting our negative view in the counter. We have fundamentally contrary view on the stock but suggesting a trade for immediate profit booking decline towards Rs 243. Thus one can sell with the stoploss of Rs 258 for the upside immediate target of Rs 243

Disclaimer: We are suggesting these stocks to our clients but not personal holdings.

is a Derivatives Analyst - Equity Research at Anand Rathi

RECOMMENDED FOR YOU

Buy and Sell ideas from Anand Rathi for Wednesday's session

Here are a few trading ideas from Chandan Taparia of Anand Rathi for trade today

Here are a few trading ideas from Chandan Taparia of Anand Rathi for trade today
Here are a few trading ideas from of for trade today

BUY MARUTI SUZUKI

The stock has taken support at the rising trend line and is showing the signs of bottoming out. It snapped the losses of previous two weeks and has turned from the oversold territory. It gave the highest daily close of last ten trading sessions and also looks attractive in terms of risk reward ratio. So, one can buy the stock with the stoploss of Rs 4,910 for the upside immediate target of Rs 5,210

BUY GODREJ INDUSTRIES

The stock surpassed the immediate falling trend line and snapped the losses of previous week. It moved above its 200-DMA and is giving the early sign of bottom formation. The mechanical indicator is also supporting our positive view in the stock and it also looks attractive in terms of risk reward ratio. So one can buy the stock to grab the opportunity of attractive risk reward ratio with the stoploss of Rs 369 for the upside immediate target of Rs 394

SELL CADILA HEALTHCARE

The stock negated the positive price formation of making higher highs – higher lows and snapped the gains of last two sessions. It failed to surpass its immediate hurdle of Rs 415 zones and witnessed selling pressure at higher levels. Fresh built-up of short position was seen in the counter with open interest addition of around 2%. One can sell the stock on a small bounce back move with strict stoploss of Rs 415 for the downside target of Rs 390.

SELL MARICO

The stock broke the support of Rs 250 as it failed to surpass the hurdle of Rs 256-258 and started witnessed selling pressure. It has been witnessing selling at every minor attempt to bounce indicating weakness in the counter. It has added shorts of around 5% in last two trading sessions thus supporting our negative view in the counter. We have fundamentally contrary view on the stock but suggesting a trade for immediate profit booking decline towards Rs 243. Thus one can sell with the stoploss of Rs 258 for the upside immediate target of Rs 243

Disclaimer: We are suggesting these stocks to our clients but not personal holdings.

is a Derivatives Analyst - Equity Research at Anand Rathi
image
Business Standard
177 22

Buy and Sell ideas from Anand Rathi for Wednesday's session

Here are a few trading ideas from Chandan Taparia of Anand Rathi for trade today

Here are a few trading ideas from of for trade today

BUY MARUTI SUZUKI

The stock has taken support at the rising trend line and is showing the signs of bottoming out. It snapped the losses of previous two weeks and has turned from the oversold territory. It gave the highest daily close of last ten trading sessions and also looks attractive in terms of risk reward ratio. So, one can buy the stock with the stoploss of Rs 4,910 for the upside immediate target of Rs 5,210

BUY GODREJ INDUSTRIES

The stock surpassed the immediate falling trend line and snapped the losses of previous week. It moved above its 200-DMA and is giving the early sign of bottom formation. The mechanical indicator is also supporting our positive view in the stock and it also looks attractive in terms of risk reward ratio. So one can buy the stock to grab the opportunity of attractive risk reward ratio with the stoploss of Rs 369 for the upside immediate target of Rs 394

SELL CADILA HEALTHCARE

The stock negated the positive price formation of making higher highs – higher lows and snapped the gains of last two sessions. It failed to surpass its immediate hurdle of Rs 415 zones and witnessed selling pressure at higher levels. Fresh built-up of short position was seen in the counter with open interest addition of around 2%. One can sell the stock on a small bounce back move with strict stoploss of Rs 415 for the downside target of Rs 390.

SELL MARICO

The stock broke the support of Rs 250 as it failed to surpass the hurdle of Rs 256-258 and started witnessed selling pressure. It has been witnessing selling at every minor attempt to bounce indicating weakness in the counter. It has added shorts of around 5% in last two trading sessions thus supporting our negative view in the counter. We have fundamentally contrary view on the stock but suggesting a trade for immediate profit booking decline towards Rs 243. Thus one can sell with the stoploss of Rs 258 for the upside immediate target of Rs 243

Disclaimer: We are suggesting these stocks to our clients but not personal holdings.

is a Derivatives Analyst - Equity Research at Anand Rathi

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard