Technical analyst Kush Bohra, founder of Kush Bohra.com, has identified a specific blend of tactical longs and a key short play to navigate the ongoing volatility in the markets.
Bohra has particularly picked three technical picks for the day, including the likes of NALCO, GPIL and one of India's biggest auto companies, Hyundai Motor India, offering a mix of two long calls and a short call.
NALCO (National Aluminium Company)
This has been consolidating with a positive bias. Target 1 was hit, so you could continue holding this.
Targets: 418, 424
Stop Loss: 406
GPIL (Godawari Power & Ispat):
It took a breather a day before yesterday but gained some ground yesterday.
Targets: 290, 297
Stop Loss: 279
Hyundai (Short Call):
Not doing well. While other names in the auto pack are starting to see some recovery or meaningful buying interest, this one is not. The primary trend remains negative for Hyundai.
Targets: 1725, 1705
Stop Loss: 1765 (on April futures)
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