Sudarshan Sukhani on March 5: Buy Hero MotoCorp, Kotak Mahindra Bank, & Voltas

“Hero MotoCorp is a buying opportunity. These are short term trades, but they are still there. Kotak Mahindra Bank is a buy. Private sector banks are outperforming and Kotak should now continue that outperformance. Voltas which never really saw a correction, it has been an outstanding performer in the midcap sector. That is a buy,” he said.

Speaking about individual stock ideas, Gujral said, “Ashok Leyland is a buy with a stop of Rs 85 and target of Rs 93. Hindustan Petroleum (HPCL) is a buy with a stop of Rs 240 and target of Rs 254. CESC is a buy with a stop of Rs 695 and target of Rs 720.”

Bissa said, “First recommendation would be buy on Bharat Financial futures. This is one stock which has not participated if you compare it with names of L&T Finance or Shriram Transport Finance. It has given a breakout, mild amount of long positions are seen getting built. It can head towards levels of Rs 980. One can keep a stop loss of Rs 940 and buy Bharat Financial futures. Second recommendation would be buy on Tata Chemicals futures. We have seen around 10 percent open interest (OI) addition happening today. It is on the verge of forming a base at levels of Rs 550-555. On a very short timeframe, a small breakout has been seen. One can keep a stop loss of Rs 560, on the upside levels of Rs 585-590 is quite possible. Final recommendation would be a buy call on Just Dial. Over 10 percent OI addition has been seen. Good amount of option buying is seen in 540-560 strike. Range breakout has been seen in the name which can head towards level of Rs 550 and one can keep a stop loss 528 and go long in the name.”

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