Buy Just Dial, Aurobindo Pharma, Gujarat Gas: Hemen Kapadia

The derivatives rollover data suggests that markets continue to remain weak, says Hemen Kapadia, senior vice president of KR Choksey Securities. However, he said that mid cap stocks are likely to outperform large cap stocks in the near future.  (Watch)

Stock Talk:

Buy Hero MotoCorp: The stock is witnessing a bounce back from the lows of Rs 2,250. There may be a short to medium term rally in the stock. The stock is probably breaking out from here.

Avoid Sun Pharma: It has witnessed correction after 16 years of uptrend. The stock shows negativity on monthly charts. The stock has given a downward breakout which seems like a head-and shoulder pattern. The stock may bounce back to Rs 800. Long position can be taken only after it closes above Rs 800. There is a strong support for the stock at Rs 650.

Buy Petronet LNG: After nine months of consolidation, the stock has formed bullish formation on technical charts. The stock is at a fresh 52-week high, it has now entered into a medium term uptrend.

Buy Gujarat Gas: It is in an uptrend since last two and half years. There is some surprising positivity in the stock. There is further upside seen in the stock.

Buy Just Dial: The stock has been in an over-sold situation since last few months. It has taken support at earlier bottom. Now it can go up to Rs 1,050.

Avoid Indiabulls Housing Finance: The stock is bouncing back from its recent correction, which could be due to derivative expiry. It could bounce back to Rs 685 levels.

Buy UPL: Rs 433 is a major support for the stock. A close below Rs 433 will be negative. The bigger picture has now become corrective. The stock is unlikely to post new highs in current accounting year. Traders can take a contra buy call with a stoploss at Rs 433.

Buy Aurobindo Pharma: The stock has shown relative strength compared to other pharma stocks. After a strong rally from Rs 50 to Rs 850, the stock is yet to show any sign of reversal. It may continue its gains.

Buy Jindal Steel and Power: The stock is deeply oversold. It is showing positive divergence on the monthly charts also. The stock may go closer to Rs 90 plus in few weeks.