Stock ideas for today by Ashish Kyal on Zee Business!

Below are the 5 stocks strategies / ideas given by me on Zee Business before the equity markets opened

1. Dabur 

Dabur has fallen all the way from 180 to 155 levels within 15 days. Currently prices are trading below all the important moving average.  This is showing weakness in this stock.  One can sellDabur on rallies to 161 with the stop loss of 165 and the target of 150.

2. Bajaj Auto

Yesterday we have observed sell off in Nifty in last 15 minutes and Bajaj Auto was one of the major underperformer. It has given classical H&S breakout in recent trading sessions and we are expecting that stock has more potential left on downside. One can sell Bajaj Auto on rallies to 1985 with the stop loss of 2020 and the target of 1930.

3. Ambuja Cement

Ambuja Cement is one of the stocks which have underperformed market in recent upside rally. Prices have reversed twice after kissing 20 SMA. One can sell Ambuja on rallies to 179 with the stop loss of 183 and the target of 170.

4. NTPC

We have observed consolidation breakout on upside in NTPC. In recent trading prices have taken support near 150 levels and bounced back. One can buy NTPC on dips to 151 with the stop loss of 148 and the target of 160.

5. Auro Pharma

Auro Pharma has shown very strong move from 210 levels and currently it is outperforming the market. Also pharma sector is a better pick during unclear market scenario. One can buy this stock at current levels with 265 as stoploss and target of 290.

The above stocks were mentioned in morning on Zee Business and our views might have changed based on market movement. We also publish daily Equity Research Report which covers Nifty plus 3 stocks along with detailed chart and explanation. By subscribing to intraday advisory you can get this research absolutely FREE. To get a copy of the same write to us at  helpdesk@wavesstrategy.com or call us on +91 9920422202 /+91 22 8831358