Swing calls that can give good returns in near term

MUMBAI: The S&P BSE Sensex is witnessing a sharp upmove on the back of strong dollar inflows as sentiment turned bullish on hopes that easy US monetary policy will continue at least till March 2014.

At 02:50 p.m.; the 30-share index was at 20,788.45, up 389.03 points or 1.91 per cent. It touched a high of 20,808.87 and a low of 20,570.59 in trade today.

The S&P BSE Midcap Index was up 1.08 per cent and the S&P BSE Smallcap Index advanced 0.98 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 Infotech Enterprises with a stop loss of Rs 272 for target of Rs 295

Buy DCB with a stop loss of Rs 47 for target of Rs 55

Buy Capital First with a stop loss of Rs 160 for target of Rs 174

Buy Advanta with a stop loss of Rs 121 for target of Rs 134

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.