Best Stcoks To Buy - Share Trading Recommednations

For last few sessions commodity stocks are in nice uptrends. Stocks like Sesa Goa and Sterlite are coming out of big bear markets and on all declines they should be bought. 

Sesa Goa can easily correct back towards Rs 200 but once we get past Rs 240, you will easily see Rs 280-290 coming in on Sesa Goa. Similarly on Sterlite, Rs 145-150 is likely. 

Metals will do well on days when global markets do well and chances are that this uptrend will continue for a bit. Tata Steel could easily get up to levels of Rs 500. The first bit of rally is over. Now the next decline will offer that opportunity to get in. So maybe if Tata Steel comes back to something like Rs 420-430, out there you will tend to get back into Tata Steel. The first big rally and then a small decline would lead to the opportunity where you can get back in.

Highly Bullish On Strides Arcolab - Buy With Price Target 625-650

On the chart, Strides Arcolab Ltd. is looking very exciting. We post our view bullish on the stock. Strides has gone into all time highs and from the 1st of January the stock has already gone up by about 35%-40% but my sense is that there are still good amount of trading upside left. You might get a pullback on a correction, a 10% drop can happen after 35% rise but overall this is a stock which on the charts suggest me a price target of about Rs 625 to Rs 650. There is good amount of upside left, if somebody is holding as investor over here can keep holding on.

Buy Sintex Industries - Looks Very Positive On Charts

Sintex industries Ltd. looks very positive and I have been managing long on Sintex for sometime now, as it is giving a massive pullback. As long as the stock manages to hold above about 75-74 I would be very comfortable. 87-88 is the first price target, possibility of 95 still exists on the charts.

I would be pretty okay, today's candle is negative but this can be overcome, we have had two-three days of good rally over here so one day's bad candle can be overcome if the short term supports hold out over here.

Financial Technologies - A Good Stock To Buy For Target 750

Financial Technologies is looking good on chart and has met one of the targets of Rs. 700, which is some kind of a supply point. However, overall after a few days of consolidation, it might head towards 750, which is the 200-day average, so there is still some kind of upside left. 

Traders and recommended to buy this stock with placing a price target of Rs. 750 for short term (10-15 days) period. Stoploss can be placed below 680.

Shree Renuka - A Best Stock To Buy at Current Levels

Shree Renuka Sugars Ltd. is recommended to buy at current levels. On charts the stock is looking very attractive, in fact last week I had suggested traders should buy it and that suggestion still remains valid even after today's almost 7.50% gain. From the last week these 3-4% gains sound impressive in terms of percentage but now with their prices it is just Rs 1. So even at current prices Shree Renuka is a buying opportunity. Eventually if this trend sustains, I think it will reach Rs 37-38- or Rs 40, short-term traders will have to look for more modest targets.

Shree Renuka Sugars Ltd. has broken out of a long trading range and its a buying stock even at current levels, keep a stop just under Rs 27 and look for a target of Rs 31 and then Rs 34 for a week.

Tata Motors - A good Stock To Buy

Tata Motors Ltd. has already crossed Rs 200 and the is expected that the momentum may continue ahead. It is one of the relatively more conservative trades today, so if you want to carry a position you can consider buying Tata Motors tomorrow for a gain next day. All traders must understand that if the markets open against you don’t wait patiently, just get out.