Short term trading Idea : Buy IVRCL Ltd

IVRCL Ltd (Close 45.45) : Buy above 45.50 for target of 48.90 with stop loss of 44.

Short term trading idea : Buy DLF

DLF (Close 222.30 ) : Buy above 222.50 with stop loss of 216.50 for target of 230 & 236.

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.

Pick of the day : Sell Ashok Leyland

Ashok Leyland (Close 27.75) : Sell below 27.70 with stop loss of 28.50 for target of 26 & 25.