First call is a buy on IDBI Bank , it has have made small rounding bottom formation on daily charts. One can buy IDBI with a stop loss at Rs 74.90 for a target price of Rs 84.
Second call is a buy on IRB Infrastructure; here the technical structure is positive. Firstly, the stock has taken a break out above Rs 240 levels and now above Rs 240 to Rs 242 is an immediate support. One can buy IRB Infra with a stop loss of Rs 242 for target price of Rs 266.”
Third call is a buy on Oil India ; here the technical structure is extremely positive and is making higher tops higher bottoms. I feel in the declining market also Oil India can outperform. It is a strong buying candidate with a stop loss at Rs 380 for a target price of Rs 418.
Last stock is a buy on Aurobindo Pharma , it has made a good base at around Rs 775 levels. I feel the kind of technical set up that ongoing, upmove prices are likely to crack a neckline at Rs 820 levels. Once the Rs 820 neckline is cracked we are likely to see a target of Rs 840, so Aurobindo Pharma is a buy with a stop loss of Rs 775 for target of Rs 840.