Smallcaps that can give good returns in short term

MUMBAI: The S&P BSE Sensex was witnessing a profit booking session on Tuesday ahead of April series F&O expiry and lack of fresh buying interest after the sharp upmove in last couple of sessions.

Rate sensitives like banks, realty and capital goods sectors led the decline while technology and metals showed some resistance.

The S&P BSE Sensex was at 19,092.07, down 77.76 points or 0.41 per cent. It touched a high of 19,210.26 and a low of 19,042.08 in trade today.

The S&P BSE Midcap Index was down 0.49 per cent and the S&P BSE Smallcap Index gained 0.25 per cent.

Following are technical views by Ashwani Gujral, Fund Manager, ashwanigujral.com given to ET Now on smallcap stocks which can rally 20 per cent:

Pricol: Buy the stock with a stoploss of Rs 15.5 for a target of Rs 22

PSL: Traders can buy the stock with stoploss of Rs 32.50 for a target of Rs 38

National Fertilizers: It can be bought with a stoploss of Rs 47 for a target of Rs 55

Rashtriya Chemicals Fertilisers: Go long on the stock with a stoploss of Rs 39 for a target of Rs 44
Kalpataru Power Transmission: Buy the stock with a stoploss of Rs 80 for a target of Rs 92

Hindustan Oil Exploration: Go long on the stock with a stoploss of Rs 60 for a target of Rs 69

Jaiprakash Power: Traders can buy the stock with a stoploss of Rs 25.50 for a target of Rs 30

Uflex: Buy the stock with a stoploss of Rs 78 for a target of Rs 86

Geojit BNP Paribas: It can be bought with a stoploss of Rs 22 for a target of Rs 27

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