Swing calls that can give sharp returns in a rangebound market

MUMBAI: The S&P BSE Sensex shot up more than 100 points after witnessing a rangebound session on the last day of September series. According to analysts, the market may turn volatile towards the end of the session.

At 02:40 p.m.; the 30-share index was at 19987.58, up 131.34 points or 0.36 per cent, or 0.66 per cent.

The S&P BSE Midcap Index was up 0.18 per cent and BSE S&P Smallcap Index was 0.57 per cent higher.

Following are swing trade recommendations of Ashwani Gujral, Fund Manager, ashwanigujral.com, which can give good returns in the short term.

Buy Shriram EPC near Rs 34 with a stop loss of Rs 31 for a target of Rs 41. It was trading sideways and today opened gap up with heavy volume.

Buy Kwality Dairy around Rs 28.3 with a stop loss of Rs 25 for a target of Rs 34. The stock is coming out of range with price and volume action.

Buy Polaris Tech near Rs 127.5 with a stop loss of Rs 115 for a target of Rs 153. After trading sideways at its 200 DMA, today opened gap up with price and volume action.

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.