Stocks for the day by Ashish Kyal on Zee Business!

Today, we'll take a technical look at five stocks from trading perspective.

Below are the five stocks recommended by Ashish Kyal, CMT on Zee Business before the markets opened.

Aditya Birla Nuvo hourly chart:

This stock is strongly underperforming. One can sell it at CMP with stoploss of 1120 and target of 1045

CIPLA hourly chart:

In the mid December stock completed downside correction .Currently moving higher and made higher highs - higher lows pattern. It is outperforming the Pharma index, which adds to the strength. One can buy CIPLA near 417 with the stop of 410 for the target of 428.

APOLLO HOSPITAL daily chart:

This is one of the outperforming stocks from market. After the completion of downside correction, stock bounced back from the support level and moving higher. One can buy at cmp 927 with the stop loss of 910 for the target of 952.

ORIENTAL BANK OF COMMERCE hourly chart:

Banking is the other sector which is underperforming the current market. OBC has broken its important support and moving lower sharply. One can sell at cmp 197 with the stop of 204 for the target of 184.

PNB hourly chart:

PSU Banks are underperforming at current level. PNB is the one which is showing weakness as it has broken important support and moving lower. One can sell PNB at cmp 597 with the stop of 610 for the target of 579.

We provide daily equity intraday and positional advisory. 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 or visit www.wavesstrategy.com