Trading ideas for May 8: In this edition of Traders’ Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Monday. Check out which stocks are on analysts Ashish Chaturvedi and Arman Nahar’s radar, and what they recommend in cash and derivative segments.
Here’s the complete list of investment and trading ideas for the day:
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Ashish Chaturvedi
Buy D-Link shares in the cash segment for a target of Rs 285 with a stop loss at Rs 270
Sell AB Fashion futures for a target of Rs 208 with a stop loss at Rs 218
Buy the Rs 190 call option of India Cements for a target of Rs 12 with a stop loss at Rs 6
Technical pick: Buy Union Bank of India shares for a target of Rs 84 with a stop loss at Rs 72
Fundamental pick: Buy Zen Tech shares for a target of Rs 295 with a stop loss at Rs 282
Investment pick: Buy PowerGrid shares for a target of Rs 270 with a perspective of 9-12 months
News-based pick: Buy DCB Bank shares for a target of Rs 112 with a stop loss at Rs 104
My Choice picks:
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Buy Alembic Pharma for a target of Rs 568 with a stop loss at Rs 550
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Buy Olectra Greentech for a target of Rs 655 with a stop loss at Rs 640
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Buy ADF Foods for a target of Rs 770 with a stop loss at Rs 755
Arman Nahar
Buy Equitas Small Finance Bank in the spot market for a target of Rs 76 with a stop loss at Rs 71
Buy Balrampur Chini futures for a target of Rs 430 with a stop loss at Rs 413
Buy the Rs 4,650 call option of Britannia at Rs 103.5 for a target of Rs 130 with a stop loss at Rs 94
Technical pick: Buy Paytm shares for a target of Rs 712 with a stop loss at Rs 684
Fundamental pick: Buy BEML for a 12-month target of Rs 1,550
Investment pick: Buy SBI Life shares for a 12-month target of Rs 1,400
News-based pick: Buy Dhampur Sugar shares for a target of Rs 267 with a stop loss at Rs 256.5
My Choice picks:
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Buy Marico shares for a target of Rs 510 with a stop loss at Rs 490
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Buy MTAR Tech shares for a two-month target of Rs 2,050
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Buy PNC Infra shares for a target of Rs 315 with a stop loss at Rs 302
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