Accumulate Cadila Healthcare; Buy Coal India: Pradip Hotchandani

Accumulate Cadila Healthcare; Buy Coal India: Pradip Hotchandani
Pradip Hotchandani, head of research at Prudent Broking Services, expects the Nifty to rise to 8,655. He advised investors to go long on Nifty, with stop loss at 8,400.

Stock Talk

BHEL: The stock faces resistance around Rs 147. If this resistance is taken out on good volumes, BHEL can go up to Rs 180-190. Investors holding the stock should book profits.

Accumulate Cadila Healthcare: The stock broke above its crucial level of Rs 365 last week. Cadila has support around Rs 352 and investors should look to accumulate this stock.

Buy DLF: If the stock breaks above its resistance of Rs 142-144, it can go up to Rs 175-80.

Buy Coal India: The stock can extend up move to Rs 335. Investors should buy with a stop loss at Rs 317.

Buy Tata Steel: Investors should look to buy Tata Steel on dips. Once it breaks above Rs 364, then it can go up to Rs 420-425.

Buy ONGC: The stock broke above its important resistance of Rs 220 and now it looks like it can go up to Rs 234.

TCS: The stock has been in range for some time now with downside support at Rs 2,400-2,430 and upside resistance around Rs 2,550-2,560. Investors should go long if it breaks above Rs 2,550 and go short if it goes below Rs 2,400.

[“source-ndtv”]