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Stock picks from Shubham Agarwal of Motilal Oswal Research

Stock picks from Shubham Agarwal of Motilal Oswal Research

Nifty Outlook

Nifty is gyrating in the range of 7,750-7,950 for past few trading sessions. With expiry slated next week intraday volatility could inch higher. Decisive move beyond the given range will trigger fresh directional move else market will continue to remain sideways.

HERO MOTOCORP

Reco: BUY

Last Close: Rs 2,884

Target : Rs 3,160

Positive sector outlook & mature consolidation on daily scale. Stock could be accumulated with a stop below Rs 2,830 with an expectation of a move back towards Rs 3,160.

LUPIN

Reco: BUY

Last Close: Rs 1,645

Target : Rs 1,760

'Breakout from mature consolidation on the immediate scale .Short term traders could participate the move with a stop below 1585 for target upto Rs 1,760

 

REC

Reco: SELL

Last Close: Rs 157

Target : Rs 145

Stock is in downtrend. Short term traders could participate the move with a stop above Rs 163 for target upto Rs 145.

Disclaimer: Motilal Oswal Securities ( MOSL ) is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.Motilal Oswal Securities Limited is registered under SEBI (Research Analysts) Regulation 2014 SEBI Registration No :-INH000000412. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.

Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities