Top 25 trading ideas from experts for rangebound markets

Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities

LIC Housing Ltd is a ‘BUY’ call with a target of Rs 245 and a stop loss of Rs 214

ONGC Ltd is a ‘BUY’ call with a target of Rs 330 and a stop loss of Rs 305

Tata Motors Ltd is a ‘SELL’ call with a target of Rs 257 and a stop loss of Rs 272.50


Vinit Pagaria, VP - Investment Strategies at Microsec Capital Ltd

Asian Paints (BUY – CMP: 4662.00 SL: 4480 Tgt1: 4850 Tgt2: 5000)

After correcting from Rs 4970 to Rs 4476 in just 7 trading sessions, Asian Paints recovered smartly on Friday and gained 2.36 per cent. The momentum indicators suggest fresh up move in the stock which is likely to take the stock higher up to Rs 4850 followed by Rs 5000 in the next few trading sessions.

Titan (SELL – CMP: 249.60 SL: 261 Tgt1: 236 Tgt2: 226)

Titan Industries has been correcting since the last four months and the selling pressure is likely to increase in the coming few days. The stock has breached the crucial 200DMA and is taking resistance near the same.

Moreover, a downward crossover of the 50DMA and the 200DMA is imminent suggesting the stock could test much lower levels in the days to come.

Maruti Suzuki (SELL – CMP: 1408.45 SL: 1444 Tgt1: 1372 Tgt2: 1335)

Maruti Suzuki has run up smartly in the previous couple of weeks and is now facing stiff resistance near the Rs 1430-1440 zone. A failure to move beyond this zone is likely to take the stock lower up to Rs 1372 in the short term.

Karnataka Bank (BUY – CMP: 135.80 SL: 124 Tgt1: 145 Tgt2: 158)

Karnataka Bank has been consolidating in the 125-137 range since the last couple of weeks. The stock is likely to remain strong in the short term and could rally by 10-15 per cent in the next few weeks.

Wipro (BUY – CMP: 383.80 SL: 364 Tgt1: 404 Tgt2: 422)

Wipro has corrected sharply in the recent past but is likely to find strong support at lower levels. The momentum indicators suggest a possible up move up to Rs 404 in the short term.

Brokerage firm: SMC

HOEC Ltd: ‘BUY’ for a target of Rs 72 and a stop loss of Rs 53

The stock closed at Rs 62.55 on 11th April 2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at 136.42.

In the last few weeks, there was marginal gain in this scrip with rise in price and volumes indicating that it may have bottomed out. One can Buy in the range of 59-61 levels with closing below stop loss of 53 levels for the target of 72-75 levels.