With Midcaps showing some resilience in yesterdays trade, it may continue on to today’s trade.Oil marketing companies are hitting on their resistances. IOC has crossed the resistance area, Basmati rice companies like LT foods,Kohinoor etc are showing strength. Engineering and transporting companies are also breaking out of their resistance areas.
Today’s NSE stock picks are given below.
Some stocks showing strength,which can be kept in watch list are; LT FOODS(LTP-316.45 SL-300) IL&FS TRANSP (LTP-111.3 SL-110.3) CHEMFAB ALKALIES (LTP-299.75 SL-284.76) IOC ( LTP-345 SL-327).
NOTE;RR-Risk Reward ratio( Higher the RR, the better)