Stocks traded higher Tuesday, tracing strength in Asian markets and the rupee. Analysts consider these gains as a pullback after the sharp selloff and not a reversal of trend.
Independent analyst Sarvendra Srivastava said the pullback may last till 4,900-4,930 levels. Here are six stocks recommended by Srivastava. These calls are based on technical charts.
1) Jubilant FoodWorks:
Sell around 1170 for a target of 1050 and a stop loss of 1232.6.
2) HUL:
Sell with a target of 390 and a stop loss of 425.6.
3) Divi's Lab:
Sell with a target of 900 and a stop loss of 952.6.
4) ICICI Bank:
Buy with a target of 840 and a stop loss of 766.4.
5) IRB Infra:
Buy with a target of 122 and a stop loss of 112.4.
6) Axis Bank:
Buy with a target of 1040 and a stop loss of 984.4.
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