Top 5 Picks Of The Day

Top 5 picks of the Day

BHEL

Recommendation: SELL

Last Close: Rs 2,356

Target: Rs 2300-2250

Stop Loss: Rs 2450

BHEL is facing stiff resistance around Rs 2,420-2,450 levels. The stock has struggled to cross the level despite positive momentum in the capital goods space. We recommend a sell at Rs 2,385 with a stop-loss at Rs 2,450.

MTNL Recommendation: BUY Last Close: Rs 84.15 Target: Rs 95-100 Stop Loss: Rs 78 MTNL has broken out from the range after a significantly long period of time. The upsides could be significant as the stock has seen time-wise consolidation. One can use declines to accumulate at Rs 83-85 levels. Provogue Recommendation: BUY Last Close: Rs 62.70 Target: Rs 70 Stop Loss: Rs 58 The stock has seen good consolidation and the current upmove is accompanied with significant volumes. This increases the probability of upsides. From a short-term perspective, the stock can aim at Rs 70 level. Welspun Guj Recommendation: BUY Last Close: Rs 277 Target: Rs 295-300 Stop Loss: Rs 265 After retracing to Rs 255 levels, the stock has seen good accumulation in the Rs 260-270 region and has now begun to move higher. It should be able to cross the earlier highs. We see a potential target of Rs 300-325. Neyveli Lignite Recommendation: BUY Last Close: Rs 164.55 Target: Rs 180-183 Stop Loss: Rs 158 Neyveli has closed at the highest levels and has broken past the 2009 high as well. It looks poised to target minimum levels of Rs 180-183 in the short term. One can accumulate the stock around Rs 163-165 levels. src-et