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Buy Hindalco, Canara Bank, Just Dial, Says Sumeet Bagadia

In near term Nifty can go up to 8,250-8,300 and dips should be used as buying opportunity, says Sumeet Bagadia, associate director of Choice Broking.
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Sumeet Bagadia expects Nifty to go up to levels of 8,500 in next 15-20 days.
Sumeet Bagadia expects Nifty to go up to levels of 8,500 in next 15-20 days.

Sumeet Bagadia, associate director of Choice Broking, says Nifty is likely to hold levels of 8,050 on the downside. However, if Nifty breaks above 8,300 then it can go up to 8,500 in next 15-20 days' time, he added. (Watch)

Stock Talk 

Buy Hindalco: The stock is looking good on charts. More upside is left in this stock and it can go up to Rs 115-120 in next couple of days. Investors can go long on Hindalco with stop loss at Rs 97-98. 



Buy Tata Steel: If Rs 360 is taken out on the upside then it can go up to levels of Rs 380. Those holding the stock should continue to do so and investors can also add the stock on declines till Rs 320. 

Buy Canara Bank: The stock witnessed short covering around levels of Rs 200. As long as it holds above Rs 190 on the downside it will remain in an uptrend. On upside investors should look for targets of Rs 215 and Rs 230. 

Avoid PVR: The stock faces resistance around Rs 890. Investors can buy PVR only if it breaks above Rs 890 for target of Rs 950-970. Fresh buying at current levels should be avoided. 

Buy Just Dial: The stock in past has seen huge volatile moves. From 3-4 day trading perspective investors can buy this stock for target of Rs 720-725 with a strict stop loss at Rs 650. Meanwhile, the overall view on this stock is bearish. 

Buy Maruti Suzuki: The stock is looking good on charts. If it breaks above Rs 4,200, then it can go up Rs 4,600-4,700. Investors can buy this stock at current levels or on declines. 



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