Traders diary: Buy, sell or hold strategy on L&T, ONGC, Nestle India, Varun Beverages, Bajaj Housing Finance, BPCL, more than a dozen other stocks today.
In this edition of Traders’ Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, October 4, 2024. Check out the complete list of stocks from analyst Kushal Gupta and Ashish Chaturvedi’s radar.
Here is a complete list of investment and trading ideas for the day:
Kushal Gupta
Buy shares of JK Paper in the currency segment with a target price of Rs 475 with a stop loss of Rs 456.
Buy Tata Chemicals futures at a target price of Rs 1,173 with a stop loss of Rs 1,125
Buy a Rs 350 put option on Bharat Petroleum Corporation Ltd (BPCL) at a target price of Rs 11.2 with a stop loss of Rs 7
Technical pick: Buy Bata India futures with a target of Rs 1,340 with a stop loss at Rs 1,395
Key pick: Buy shares of Nestle India with a price target of Rs 3,150 with a one-year horizon.
Investment idea: Buy Cipla shares with a one-year target of Rs 1,970
News-based pick: Buy shares of Bajaj Housing Finance with a target price of Rs 155 with a stop loss of Rs 147.
My picks:
- Sell Berger Paints futures with a target of Rs 582 with a stop loss of Rs 612.
- Sell Interglobe Aviation (IndiGo) futures at a target of Rs 4,615 with a stop loss at Rs 4,800.
- Sell Larsen and Toubro futures with a target of Rs 3,440 with a stop loss of Rs 3,570.
Ashish Chaturvedi
Buy shares of BCL Industries in the currency segment with a target price of Rs 58 with a stop loss of Rs 55.50
Sell Power Finance Corporation (PFC) futures with a target of Rs 458 with a stop loss of Rs 477.
Buy 2,720 put option on TVS Motor with target price of Rs 96 with stop loss of Rs 65
Technical pick: Sell LIC Housing futures with a target of Rs 619 with a stop loss of Rs 650
Key pick: Buy shares of Oil and Natural Gas Corporation (ONGC) with a two-month price target of Rs 315.
Investment outlook: Buy DLF shares with a target price of Rs 1,020 on a 12-month horizon.
News-based pick: Buy shares of Refex Industries with a target price of Rs 566 with a stop loss of Rs 530.
My picks:
- Buy shares of Varun Beverages with a target price of Rs 610 with a stop loss of Rs 580
- Buy Shilpa Medicare shares at a target price of Rs 840 with a stop loss of Rs 800
- Buy DMart shares at a target price of Rs 5,030 with a stop loss of Rs 4,920