Swing calls that can give good returns in near term

MUMBAI – The S&P BSE Sensex continued to move in a narrow range as bulls ran out of steam after three-day upmove. Pharmaceuticals, capital goods and oil & gas sectors were the top sectoral performers while metals, power and realty led the losers pack.

At 01:25 p.m.; the S&P BSE Sensex was at 20,658.13, up 23.92 points or 0.12 per cent. It touched a high of 20,701.16 and a low of 20,629.56 in trade today.

The S&P BSE Midcap Index was up 0.22 per cent and the S&P BSE Smallcap Index gained 0.56 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 Esab India with a stoploss of Rs 470 for target of Rs 530

Buy Kalptaru Power with a stoploss of Rs 82 for target of Rs 100

Buy ABG Shipyard with a stoploss of Rs 284 for target of Rs 330

Buy HCL Infosystems with a stoploss of Rs 22 for target of Rs 31

Buy EID Parry with a stoploss of Rs 125 for target of Rs 143

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.)