Short term trading Idea : Buy Crompton Greaves

Crompton Greaves (Close 117.80) : Buy above 118 with stop loss of 115.75 for target of 127 and 133.

After hitting recent high of 141, the stock has retraced to lows of 109 levels, which is 50% retracement from the top. One can buy for a target of  at least 127 and 133.

TOP DIWALI PICKS FOR SAMAVAT 2069

TOP DIWALI PICKS FOR SAMAVAT 2069

1. TATA STEEL (CMP 383.85) 

BSE CODE : 500470

GROUP : A

NSE CODE : TATASTEEL

52 WEEK HIGH / LOW : 500.95 / 332.10

EXPECTED RETURNS : 65%

Recommendation: Buy Tatasteel for target of 636.

2.UNITED PHOSPHORUS (CMP 110.75) 

BSE CODE : 512070

Group : A

NSE CODE : UNIPHOS

52 WEEK HIGH / LOW : 170.35 / 101.55

EXPECTED RETURNS : 44%

Recommendation: Buy United Phosphosus for target of 160.

3.CROMP GREAVES (CMP 111.50)

BSE CODE : 500093

Group : A

NSE CODE : CROMPGREAV

52 WEEK HIGH / LOW : 167.30 / 102.10

EXPECTED RETURNS : 41%

Recommendation:Buy Crompton Greaves for target of 158.

4.RELIANCE INFRA (CMP 474.05)

BSE CODE : 500390

Group : A

NSE CODE : RELINFRA

52 WEEK HIGH / LOW : 679.70 / 328.35

EXPECTED RETURNS : 30%

Recommendation:Buy Reliance Infrastructure for target of 620.

5.SINTEX INDUSTRIES (CMP 65.50) 

BSE CODE : 502742

Group : B

NSE CODE : SINTEX

52 WEEK HIGH / LOW : 119.75 / 50.20

EXPECTED RETURNS : 48%

Recommendation: Buy Sintex Industries for target of 97.

On the auspicious day of Diwali, wishing you all Success, Happiness & Prosperity!!!