Smallcaps that can give good returns in near term

MUMBAI: The S&P BSE Sensex was moving in a narrow range in absence of support from foreign institutional investors who turned net sellers in recently. The trade is likely to remain subdued in the near term and the benchmarks may drift lower if the demand from domestic institutions dry-up.

At 02:30 p.m.; the S&P BSE Sensex was at 20,384.11, up 7.55 points or 0.04 per cent. It touched a high of 20,434.50 and a low of 20,336.15 in trade today.

The S&P BSE Midcap Index was up 0.28 per cent and the S&P BSE Smallcap Index gained 0.39 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 Gabriel India with a stoploss of Rs 20 for target of Rs 27

Buy Tamil Nadu News Print with a stoploss of Rs 119 for target of Rs 132

Buy Geojit BNP with a stoploss of Rs 18 for target of Rs 30

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.)