Traders' Diary: Buy, Sell or Hold Strategy on Selected Stocks

In this latest edition of Traders' Diary, the research team brings you detailed insights on various stocks for today, focusing on buy, sell, or hold strategies. Investors and traders are encouraged to consider these recommendations carefully as they look to make informed decisions.

Kushal Gupta's Recommendations

Kushal Gupta suggests a buy on Zaggle Prepaid Ocean shares, targeting Rs 515 while setting a stop loss at Rs 493. He also indicates that selling ICICI Lombard futures could yield a target of Rs 1,885, with a stop loss positioned at Rs 1,970.

Additionally, he recommends buying the Rs 3,050 call option of Mahindra and Mahindra (M&M) for a target of Rs 120, with a stop loss at Rs 86. For those interested in trading in commodities, Gupta advises buying GAIL futures for a target of Rs 215, with a stop loss at Rs 205. His fundamental pick is to buy Affle India for a one-year target of Rs 2,100.

Investors looking for a strong long-term option might consider UltraTech Cement, which is targeted at Rs 14,200 over the next year. He also notes a news-based strategy, recommending PG Electroplast shares, targeting Rs 800 with a stop loss at Rs 770.

My Choice Picks

• Buy Ceigall India shares for a target of Rs 370 with a stop loss at Rs 355
• Buy CDSL futures for a target of Rs 1,910 with a stop loss at Rs 1,840
• Buy JSW Energy shares, targeting Rs 688 with a stop loss at Rs 655

Ashish Chaturvedi's Insights

On the other side, Ashish Chaturvedi recommends buying Rites shares in the cash segment, targeting Rs 300 with a stop loss at Rs 282. He suggests buying futures for Canara Bank, with a target of Rs 113 and a stop loss at Rs 106.

For those interested in Tata Power, buy the 435 call option, targeting Rs 15 while setting a stop loss at Rs 9. Chaturvedi identifies Kesoram Industries as a technical pick, suggesting a buy for a target of Rs 270 and a stop loss at Rs 200.

His fundamental recommendation is to buy Greenlam shares, targeting Rs 655 within three months. Moreover, Chaturvedi advises investors to buy HAL shares for a one-year target of Rs 5,500.

Finally, he notes a news-based pick to buy Globus Spirits shares, aiming for a target of Rs 940 with a stop loss at Rs 875.

My Choice Picks

• Buy Borosil Renewables shares targeting Rs 545 with a stop loss at Rs 500
• Buy PEL shares for a target of Rs 1,305 with a stop loss at Rs 1,215
• Buy IRB Infra shares for a target of Rs 60 with a stop loss at Rs 57

Overall, this Traders' Diary presents a comprehensive look at various strategies that could guide investors and traders in making their next move. The stock market can be unpredictable; therefore, it is essential to keep abreast of insights and recommendations provided by analysts.

stocks, trading, recommendations