Smallcaps that can give good returns in near term

MUMBAI: The S&P BSE Sensex is moving in a narrow range as bulls took a breather after two-day rally. According to analysts, the market is likely to consolidate in the near term before liquidity driven another leg of upmove.

At 02:00 p.m.; the 30-share index was at 20,900.13, up 49.39 points or 0.24 per cent. It touched a high of 20,934.40 and a low of 20,828.69 in trade today.

The S&P BSE Midcap Index was up 0.30 per cent and BSE S&P Smallcap Index gained 0.18 per cent.

Following are short term trading recommendations from Ashwani Gujral, Fund Manager, ashwanigujral.com, which can give good returns in the short term.

Buy PTC India with a stop loss of Rs 56 for target of Rs 64

Buy Ballarpur Industries with a stop loss of Rs 11 for a target of Rs 18

Buy Ansal Properties and Infra with a stop loss of Rs 22 for a target of Rs 29

Note: The stocks recommended should be held for a period of 2-3 sessions with strict stoploss. If they don’t move in the mentioned time-frame, traders are advised to book profits.

Disclaimer: The above recommendations are based on technical views and information given by the analyst. Please consult your financial advisor before taking any position in the stocks mentioned.