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Avenue Supermarts, EIH: 10 stocks to buy in Muhurat trading for Samvat 2076

Kansai Nerolac Paints Ltd (KANSAINER): This counter has passed the resistance of Rs 545 – a level it has been struggling to cross since the past one year. On a bigger scale, Kansai Nerolac is showing stability above Rs 500 levels. The positive trend should take this counter to Rs 600 levels. The support comes in around Rs 510. CLICK HERE FOR THE CHART

Delta Corp Ltd (DELTACORP): The weekly chart indicates formation of ‘Inverse Head and Shoulder’. Although a confirm breakout is yet to take shape, still the counter is exhibiting upside on the charts as volumes spike. The breakout level is placed at Rs 201. One can look for early opportunities considering Rs 170 as the support. Going ahead, this scrip can move up to Rs 225 and then Rs 233 levels. CLICK HERE FOR THE CHART

Avenue Supermarts (DMART): Technically, the counter is well-poised above the recent peak of Rs 1,945. A new high of Rs 1,964 needs to be breached for this counter to scale higher levels. The Gap-up range of Rs 1,770 – Rs 1,784 becomes the crucial support level. That said, the immediate support comes in at Rs 1,850. The next leg of upside could take this counter towards Rs 2,200 levels. CLICK HERE FOR THE CHART

EIH Ltd (EIHOTEL): The stock has witnessed selling pressure above 200-days moving average (DMA) and is now trying for the third time to sustain above this average. The 50-DMA has become the support after the recent consolidation, which is currently placed at Rs 164.80 level. The formation resembles a ‘double-bottom’ with a breakout above Rs 175. The rally should lead to Rs 192 and then Rs 197 levels. CLICK HERE FOR THE CHART

Galaxy Surfactants Ltd (GALAXYSURF): The formation of ‘higher highs, higher lows’ has built a strong downside support for the stock on the charts. The current price, which is trading above all the major moving averages - 50, 100 and 200-DMA – is set to climb higher in the coming sessions. The overall trend indicates that the stock can move higher to Rs 1680 levels.  CLICK HERE FOR THE CHART

CreditAccess Grameen Ltd (CREDITACC): A ‘double-top’ formation on the daily chart shows weakness. That said, the stock took support at around Rs 600 levels and as it moved up since then on good volumes. This suggests a relief rally could be in store in the days ahead. The immediate resistance is at Rs 675. CLICK HERE FOR THE CHART

ABB India Ltd (ABB): The 100-DMA has become the neckline for this counter, which is placed at Rs 1,462 levels. Till ABB trades above this level, a rally towards Rs 1,650 cannot be ruled out. Moving Average Convergence Divergence (MACD) has made a positive crossover above the zero line, which indirectly suggests that the counter can gain further ground in the days ahead. CLICK HERE FOR THE CHART

Bajaj Auto Ltd (BAJAJ-AUTO): The stock has conquered the stiff resistance of Rs 3050 – Rs 3,150 levels, suggesting a rally towards a new lifetime high is in progress. Subsequently, 50-DMA is on the brink of a positive crossover along with the 100-DMA, which confirms the upside momentum. The rally should lead to Rs 3,400 in the short-term.  The support comes in the range Rs 3,000 – Rs 2,940. However, the company is scheduled to announce its results for the September quarter of financial year 2019 – 20 (Q2FY20) soon. The development could have a bearing on the price trajectory at the bourses. CLICK HERE FOR THE CHART

Tata Steel Ltd (Tatasteel): The stock has crossed 50-DMA with MACD also making a positive crossover. Although volumes are trading near average, Doji formation on the daily chart whose high being crossed indicates a positive momentum for the stock. The immediate support comes at Rs 340. There are chances that the counter can move up to Rs 375 and then Rs 382 levels in the days ahead. CLICK HERE FOR THE CHART

Cipla Ltd (CIPLA): A big “Green Hammer” candle in the daily chart pattern shows a strong reversal that may contribute to a turnaround in this scrip. Indeed, such candlestick reflects a surge of 10-15 per cent in a short time. Cipla may attract investors’ attention once it crosses Rs 460, which is its 50-DMA. Once that get surpassed, immediate level to watch is Rs 490.  CLICK HERE FOR THE CHART



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