Buy ICICI Bank, Tata Steel; Sell Coal India: Aditya Agarwal

Aditya Agarwal says Nifty has strong resistance between 7,750 and 7,800.

Aditya Agarwal says Nifty has strong resistance between 7,750 and 7,800.

Aditya Agarwal, head of technical research at Way2wealth, expects some correction in stock markets in the second half of trade today.  (Watch) 

Stock Talk

ICICI Bank: Buy for a target of Rs 240-245 with stop loss around Rs 221.

Tata Steel: Recent correction should be used as an opportunity to buy the stock; stop loss at Rs 312.

Axis Bank: Short covering has been visible in the stock. Buy with a target of Rs 445-450.

BHEL: Short term structure of the stock is looking bullish. Buy the stock around Rs 125 for a target of Rs 140 with stop loss at Rs 119. However, long term trend of the stock is still weak.

Wockhardt: The stock has given a breakout above Rs 1,000 after long term consolidation. It looks bullish for the short term. It may test Rs 1,080-Rs 1,100 levels.

Tata Motors: On the upside, it may touch Rs 420-430. If it closes above Rs 420, then it can go up to Rs 460 levels.

Coal India: The stock is in a downtrend and may test Rs 250-Rs 245. Pullback towards Rs 290 should be used to initiate fresh short positions with a stop loss at Rs 310.

Just Dial: The stock has a strong resistance between Rs 830-Rs 850, so book profits at current level.

GAIL: Avoid buying till the stock crosses Rs 375. A break above Rs 375 can take the stock to Rs 420.

Petronet LNG: The stock is trading near the upper end of its trading band of Rs 230- 270, due to which upside potential is limited in the stock.

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