Gladiator Stocks By ICICI-Direct

Asian Paints CMP- | 745.00 Buying range: | 730.00-745.00 Target: | 880.00 Stop loss: |670.00

The share price of Asian Paints remains in a well established uptrend and has generated stable returns for long term investors on a consistent basis over the past many years. Within this secular bull trend the stock has undergone periodic phases of secondary corrections which have provided fresh entry opportunities for investors waiting on the sidelines to board the bus and ride the larger uptrend. After a decent correction over the last five months the stock has now approached a strong value area which provides a good entry opportunity with favourable reward/risk ratio for medium term players to ride the next up move

MRPL CMP- | 76.00 Buying range: | 76.00-73.00 Target: | 105.00 Stop loss: |60.00

The Oil & Gas sector has emerged as a strong outperformer during the recent correction and exhibited resilience in turbulent market environment. The BSE oil & gas index has itself moved into the improving sphere in our relative strength and sector rotation monitor which highlights that after a prolonged phase of underperformance this sector is coming back on investors radar on the back of value buying. The share price of MRPL is at the cusp of a major turnaround on the larger degree price charts and offers a good buying opportunity for medium term investors