Top buy and sell ideas for the day
Analysts remain cautious on cigarettes and hotels businesses in the medium term. On the techncial charts, the stock is in the process of forming an 'Island Reversal Pattern'
Shares of Reliance Industries (RIL) slipped over 5 per cent on Monday morning to Rs 1,948 levels, reacting to the September 2020 quarter numbers released post market hours on Friday
L&T is on the verge of breaking out from the symmetrical triangle pattern on the daily charts.
For NTPC, Keep a stop at 95.5 and go short
For Tata Motors, keep a stop at Rs 97 and go long
For Hindalco, keep a stop at 157 and go short
For Hero MotoCorp, keep a stop at Rs 2,265 and go short
For Asian Paints keep a stop at Rs 802 and go short
For GAIL keep a stop at 119.5 and go short
ITC, Nifty, Indian Oil, Tech Mahindra
Nifty, Bank Nifty, Bharti Infratel, NTPC and Hindalco
Tata Steel , GAIL, ITC, NIFTY
While Corporation Bank gained the most, up 17 per cent in Friday's trade, State Bank of India (SBI), IDBI Bank, Punjab National Bank, and Canara Bank rose 2.5-5 per cent
Nifty, Bank Nifty, Hero MotoCorp, Vedanta and BPCL
For Coal India, keep a stop at 192 and go short.
For Infosys, keep a stop at 790 and go short.
For Airtel, keep a stop at 356 and go long. Add to the position between 363-364. Book profits at 365.
The exchange had sought a clarification from the company regarding declining share prices on the back of USFDA observations
Hot stocks to lookout for today: HCL Tech, Coal India, Hindalco