Buy Aban Offshore: CK Narayan, Growth Avenues Asset Advisors

CK Narayan, Growth Avenues Asset Advisors, in a chat with ET Now, gives his stock recommendations for the day


What are your stock recommendations for today?

I have a buy on Aban Offshore and NCC which is Nagarjuna Construction. Both of these are stocks which are on a recovery mode. Aban has been showing a better trend strength of late. It is trading at about Rs 383-384 levels. I would like to call for a buy around those levels with a stop at about Rs 377. Look for a target around Rs 395. So that is on Aban Offshore. On Nagarjuna, that is another stock which has made a decent bottom and looks to be in a small rally upward. Price is at about Rs 59 to Rs 60, keep a stop loss around Rs 56-57, look for a minimum target for day traders at about Rs 65 and could be a little more if you are a swing trader as well.