Stock Picks

December 2, 2013 and Ahead: Stocks to watch

1. ALLAHABAD BANK

Allahabad Bank
 The stock has broken above it's descending triangle pattern with a rise in volumes. With strong support at 89, the stock can show a rally to 94.5-97.5-100 levels. For those who want to create a position for medium term view, the SL must be at 86 for 100+ levels in the coming month.

2. BHEL
BHEL
The stock has given a breakout at 152 levels and the upside targets are now 162.2 and 174 levels. The pattern will fail if 147.75 breaks. Currently, the stock is trading at 156 levels. It has a resistance zone at 162 and above that 174 and 180 are the next targets. Book some loss if 152 breaks on closing, exit the trade if 147.75 breaks.

3. HDIL
HDIL

Though already showing some trend, the stock is a BUY if it closes above the 51.5 zone. Currently at 50.35, the stock can be added is some quantities with SL at 48, add more once 51.5-52 zone breaks.

4. LUPIN
Lupin
Add Lupin on a break and close above 870 for 925 levels. 850 is the support for short term trades. Derivative trades keep SL at 858.

5. SINTEX
SINTEX
Buy Sintex on a close above 31 with SL at 28.5 for 35-40++ levels.

6. JAIPRAKASH ASSOCIATES
JP Associates
The stock is seeing heavy accumulation and a break above 50 indicates further bullishness in the stock. The stock looks set for 63-70-75 levels in the coming months. The stock has strong support at 46 which is supporting the trend.

7. HCL Tech
HCL Tech
A must have on watchlist, keep the stock on your radar for a break above 1110 or 1040 for some big movements. The stock is consolidating inside the triangle with a dip in volumes. A break out could give some fast moves.

8. JINDAL STEEL
Jindal Steel
At current levels of 268-269, it has given a break above 260 levels with a good rise in volumes. The targets for the stock is 290+ Place SL at 259 (Closing preferable). Average on dips near 265.
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