Buy: Adani Enterprises

Here is a share that doesn't go down, it went through what I can now qualify as a correction, it is going up again. The chances are that it will make these new highs. You want to get into momentum stocks in this market because otherwise you don't know—out of 1,500 NSE stocks, 500 could go down and you don't want to be in any of those.

Adani is a F&O stock. The momentum is up. There is a story or glamour behind it. I think the trend is up, so you go and buy it. There is money to be made here.

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Regards
Ashish

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Buy: Dhampur Sugar

I think sugar is now getting the kind of news flow that would suggest that these stocks have bottomed out. For Dhampur Sugar, we can buy with a stop of about Rs 62. The target should be about Rs 77. From here, you should see steady upside in sugar.

Buy: RNRL

It could also be a proxy play in the sense that we could have recommended R Power here, after a long decline from Rs 70 levels, this stock is showing some signs of revival. We have seen this stock declining every day after day and at Rs 37 this stock price has found some support. So I expect a bounce back, the risk reward is very favourable over here. So stop loss of Rs 37 and targets of around Rs 42-44.


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Buy: HDIL

The stock rebounded strongly yesterday. The stock price had decline from levels of Rs 280-285 to Rs 250, which is where the 89-day average was also located. I think a very strong bounce back could continue and test levels of around Rs 272 or even Rs 278. That is the target for the long positions and the stop loss here would be just below Rs 252.

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