Swing calls that can give sharp returns in firm market

MUMBAI: The S&P BSE Sensex continued with its upward journey and was nearly 250 points up led by gains in FMCG, metals, oil & gas and realty stocks.

According to analysts, the market momentum may fizzle out in next few sessions as macro economic situation remains grim.

At 01:30 p.m.; the 30-share index was at 18,868.34, up 248.62 points or 1.34 per cent. It touched a high of 18,941.49 and a low of 18,678.93 in trade today.

The S&P BSE Midcap Index was up 1.06 per cent and BSE S&P Smallcap Index gained 0.94 per cent.

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



Buy Thinksoft Global around Rs 93.5 with stop loss of Rs 84 for a target of Rs 112. The stock broke its recent high today on good volume.

Buy JM Financial near Rs 21.15 with stop loss of Rs 19 for a target of Rs 25. The stock is coming out of its 200-DMA with price and volume action.

Buy Geometric around Rs 78.5 with stop loss of Rs 71 for a target of Rs 94. The stock is coming out of its range with price and volume action.



Note: The stocks recommended should be held for a period of 2-3 sessions with strict stop loss. 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.