Buy Adani Ports, Tech Mahindra, BHEL: Rahul Randeria

                                      
Rahul Randeria, technical analyst at IFCI Financial Services, expects the Nifty to showcase a pullback rally towards 7,900.

Stock Talk

Buy Adani Ports: Shares recently corrected from Rs 370 to Rs 240 and look oversold. Adani Ports can be bought at current levels for a short-term target of Rs 270 with stop loss at Rs 235.

Buy Punjab National Bank: The stock looks "tempting" at current levels and a pullback rally of 7-8 per cent over a couple of weeks is expected. Investors may accumulate Punjab National Bank shares in tranches.

Buy Tata Motors: Auto stocks rallied significantly a couple of months ago and the sector is in a correction mode. Investors can accumulate Tata Motors around the support levels of Rs 360-370 for a short-term target of Rs 440. Tata Motors DVR also looks attractive around current levels.
Buy BHEL, L&T: Both the stocks appear to be placed in an oversold territory. Traders can enter L&T and BHEL for a possible 5-7 per cent bounce in the near term. However, investors may wait and watch for a long-term trend.

Buy Tech Mahindra: The stock has been consolidating in a range of Rs 500-560. Investors can buy Tech Mahindra shares near the lower band of the range for a target towards Rs 560 with stop loss below Rs 500.

Buy HUL: The stock is in a positive trend and the recent rally is expected to continue towards Rs 880 in the short term. Investors can buy Hindustan Unilever shares at current levels with stop loss at Rs 813.

Buy TVS Motor: The stock is facing major resistance around Rs 290. Once it takes out this resistance level on decisive volumes, an upside towards Rs 325 is expected. Investors may buy the shares for a target of Rs 290 with stop loss at Rs 270.