Prakash Gaba of prakashgaba.com recommends buying Escorts with target at Rs 900 and stop loss at Rs 870 and ICICI Bank with target at Rs 560 and stop loss at Rs 545.
VIX has seen been in decline mode and hit a 30-month low last week. Some bounce back can be seen from lower and may keep the market in check.
Ashwani Gujral of ashwanigujral.com suggests buying Bharti Airtel with a stop loss of Rs 445 and target of Rs 470.
Nifty has managed to form a support base in the range of 11,850-11,800 twice in the recent past and hence, this range now becomes sacrosanct for the near term.
Prakash Gaba of prakashgaba.com recommends buying Cadila Healthcare with target at Rs 270 and stop loss at Rs 260 and Kotak Mahindra Bank with target at Rs 1675 and stop loss at Rs 1640.
As long as banking index sustains above 31,000 marks, it can extend higher towards 33,000 levels provided by Fibonacci extension. Moreover, trading range for banking index will be 30,800-33,000 for the coming week
The weekly strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias
We advice that traders who wants to participate in buyback can buy 1,400 shares at Rs 136 per share in the open market and offer them in the tender offer
The government plans to export 2 MT of raw sugar to China next year. This export push initiative will enable the country to grab market share from more importing countries such as Bangladesh, which needs 2.5-3 MT per annum of raw sugar
Brokerage house believes Balrampur Chini, Dhampur Sugar and Praj Industries are likely to benefit the most from the Centre’s ethanol policy.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.
Ashwani Gujral of ashwanigujral.com suggests buying Aurobindo Pharma with a stop loss of Rs 794, target of Rs 820, Balrampur Chini with a stop loss of Rs 88, target of Rs 96 and advises selling Balkrishna Industries with a stop loss of Rs 1170, target of Rs 1145.
Rajesh Agarwal of AUM Capital recommends buying PVR with stop loss at Rs 1372 and target of Rs 1420, Vindhya Telelink with stop loss at Rs 1500 and target of Rs 1590 and Navin Fluorine with stop loss at Rs 718 and target of Rs 785.
We expect Nifty to extend its consolidation phase over the next few weeks in the broad range of 11,650-11,200 amidst the stock specific action, says Dharmesh Shah of ICICI Direct.com Research
On the upper side, 11,500 will act as strong resistance, said Sumit Bilgaiyan of Equity99.
Mitessh Thakkar of mitesshthakkar.com suggests buying Balrampur Chini with a stop loss of Rs 76 and target of Rs 81, Bosch with a stop loss of Rs 20,900 and target of Rs 22,000 and Cadila Heathcare with a stop loss of Rs 412 and target of Rs 445.
The company has posted turn-around numbers on QoQ basis. Charts indicate that the rally can extend in coming days. We are recommending a buy for the short term, says Sumit Bilgaiyan of Equity99.
Sudarshan Sukhani of s2analytics.com suggests buying Piramal Enterprises with stop loss at Rs 2850 and target of Rs 3000, Mahindra & Mahindra with stop loss at Rs 960 and target of Rs 980 and Berger Paints with stop loss at Rs 332 and target of Rs 344.
Previous recommendations by Equity99 like Ajanta Pharma, L&T Technology Services, Suven Life, Sun Pharma, ITC etc had given fantastic returns in very short term.
Mitessh Thakkar of mitesshthakkar.com suggests buying Adani Power with a stop loss below Rs 20 and target of Rs 23.50, IndusInd Bank with a stop loss of Rs 1892 and target of Rs 1930 and Nestle India with a stop loss of Rs 10280 and target of Rs 11000.
Prakash Gaba of prakashgaba.com is of the view that one can buy Apollo Hospitals with target at Rs 1060 and stop loss at Rs 1020 and also buy Power Grid with target at Rs 205 and stop loss at Rs 198 while advises selling Indian Oil Corporation with target at Rs 163 and stop loss at Rs 170.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell DCB Bank with a stop loss of Rs 181.50 and target of Rs 172 and buy Hindustan ZInc with a stop loss of Rs 295 and target of Rs 317 and United Breweries with a stop loss of Rs 1249 and target of Rs 1310.
"On the weekly chart, the stock prices confirm their strength by giving a close above the ‘5-EMA’ for the first time in last six months," says Sameet Chavan of Angel Broking.
Rajesh Agarwal of AUM Capital recommends buying Infosys with stop loss at Rs 1197 and target at Rs 1246, a buy in Coal India with stop loss at Rs 274 and target of Rs 288 and a buy also in Housing Development Finance Corporation with stop loss at Rs 1775 and target at Rs 1845.
Abhishek Mondal of Guiness Securities advises buying Bharat Petroleum Corporation with a target of Rs 438.