Stocks for 30 July 2014

Overall market sentiment: Nifty continued to show weakness ahead of the F&O expiry. Nifty was weak for most of the day and is seen to make lower levels in short term. As per . 2 min Nifty chart is below

28June2014Nifty2min
Advertisement

Winning stocks for swing trading on 30 July 2014 are:

Dabur India Ltd (NSE: DABUR ) BUY@ 195   TGT: 215   SL:190
Glenmark Pharmaceuticals Ltd (NSE: GLENMARK ) BUY@ 660   TGT:740  SL: 645
Kotak Mahindra Bank Ltd (NSE: KOTAKBANK ) BUY@ 940   TGT: 1000  SL:920
Tata Consultancy Services Ltd (NSE: TCS ) BUY@ 2580  TGT: 2700 SL:2520

DABUR : Dabur India Limited is a consumer goods company with interests in hair care, oral care, skin care, health care, home care and foods. Dabur has been rising since the past many weeks. It has also just releases it’s Q1 results – Company has reported 13.33 per cent increase in consolidated net profit at Rs. 210.81 crore for the first quarter ended June 30, 2014-15, on account of strong performance in the FMCG segment. The company had reported net profit of Rs. 186.01 crore in the April-June quarter of the 2013-14 fiscal. Dabur’s net sales in Q1, 2014-15 moved up by 13.16 per cent to Rs. 1,863.9 crore, compared to Rs. 1,647 crore in the year-ago period. Daily Chart 28July2014DaburDaily

GLENMARK : Glenmark Pharmaceuticals Limited (Glenmark) is a pharmaceutical company engaged in discovery of new molecules both new chemical entities (NCEs) and new biological entities (NBEs).  The Company operates in three segments: specialty, generics and out-licensing. The prices have seen a sharp uptrend in the last few days and has crossed the levels of 630 levels which was a previous resistance. Daily Chart

28July2014GlenmarkDaily
Advertisement


KOTAKBANK : Kotak Mahindra Bank Limited offers transaction banking, operates lending verticals, manages initial public offerings (IPOs) and provides working capital loans. The Bank operates in four segments: Treasury and BMU, Corporate / Wholesale Banking, Retail Banking and Other Banking business. Kotak Bank will try to test the levels of  945, and is expected to break this level due to strong uptrend. Dialy chart

28July2014KOTAKBANKdaily

TCS : Tata Consultancy Services Limited (TCS) is an Information Technology (IT) services, consulting and business solutions company. The Company provides consulting-led integrated portfolio of IT and IT-enabled services delivered through a network of multiple locations around the globe. The Q1 results have been taken positively by the market. Price can be expected to rise further from here. Daily chart

28July2014TCSDaily
Charts are from Google Finance: Google.com/Finance

Data for fundamental analysis is from screener.in, moneycontrol.com and business standard online.
Terms and Conditions & Disclosure

Leave a Reply

Your email address will not be published. Required fields are marked *