Swing calls that can give good returns in near term

MUMBAI: The S&P BSE Sensex is comfortably placed above 21,200 mark led by gains in IT, FMCG, banks and pharma taking cues from positive global cues.

At 02:40 p.m.; the S&P BSE Sensex was at 21,203.23, up 128.64 points or 0.61 per cent. It touched a high of 21,235.14 and a low of 21,113.25 in trade today.

The S&P BSE Midcap Index was up 0.28 per cent and the S&P BSE Smallcap Index gained 0.23 per cent.

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

- Buy Kolte Patil with a stop loss of Rs 81 for target of Rs 95

- Buy Ruchi Soya with a stop loss of Rs 32 for target of Rs 38

- Buy Swaraj Engines with a stop loss of Rs 630 for target of Rs 710

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.