For the week, we expect the Bank Nifty to trade in the range of 28,000-26,500 with mixed bias.
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
Prakash Gaba of prakashgaba.com suggets buying Bajaj Auto Pharma with target at Rs 2810 and stop loss at Rs 2717.
Sun Pharma which reported healthy numbers in June quarter failed to hold onto gains and lost momentum largely due to growing concerns in US and management rejig
Considering Friday’s action, a possibility of some relief in the forthcoming week cannot be ruled out. In this scenario, 11,350 – 11,450 can be retested
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks with a stop loss of Rs 1230, target of Rs 1275 and Tata Global Beverage with a stop loss of Rs 259, target of Rs 271.
Deutsche's top picks are Torrent Pharma, Aurobindo Pharma and Cipla which all are buy calls.
But, comparatively, more companies have seen an EPS downgrade than an upgrade
A fresh trend in Bank Nifty can emerge only beyond 30200 on the higher side and below 29500 on the lower side.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2892 and target of Rs 3000 and advises selling Godrej Consumer Products with a stop loss of Rs 662 and target of Rs 625.
Ashwani Gujral of ashwanigujral.com recommends buying Adani Enterprises with a stop loss of Rs 138, target of Rs 150, L&T Finance Holdings with a stop loss of Rs 124, target of Rs 136 and Tata Steel with a stop loss of Rs 515, target of Rs 540.
Majority of brokerage houses turned positive on the stock, advising buying after the USFDA issued EIR for Duvvada facility.
V-Guard Industries, Ajanta Pharma, Infosys and Titan Company among top names
While maintaining buy call with a price target at Rs 2,704, Japanese brokerage firm Nomura said company's operating performance was ahead of its expectations.
Momentum oscillators indicate that the stock has the potential to move higher towards its target of Rs 2822 in the near-term.
Ashwani Gujral of ashwanigujral.com recommends buying YES Bank with a stop loss of Rs 208, target of Rs 224, Reliance Industries with a stop loss of Rs 1235, target of Rs 1285 and Rural Electrification Corporation with a stop loss of Rs 118, target of Rs 130.
Mitessh Thakkar of mitesshthakkar.com recommends buying Amara Raja Batteries with stop loss of Rs 770 and target of Rs 805, Dr Reddy's Labs with a stop loss of Rs 2619 and target of Rs 2700 and Wipro with a stop loss below Rs 340 for target of Rs 360.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
Mitessh Thakkar of miteshthacker.com recommends buying Cummins India with a stop loss below Rs 839 for target of Rs 900, Glenmark Pharma with a stop loss of Rs 685 and target of Rs 720 and M&M with a stop loss of Rs 792 and target of Rs 830.
Sudarshan Sukhani of s2analytics.com recommends buying Dr Reddy's Laboratories with stop loss at Rs 2645 and target of Rs 2735, Tech Mahindra with stop loss at Rs 678 and target off Rs 705 and Hero MotoCorp with stop loss at Rs 3000 and target of Rs 3080.
In coming week any tick above 9,350 on Nifty Pharma index will trigger fresh buying in pharma stocks, Arpan Shah of Monarch Networth Capital said
Sudarshan Sukhani of s2analytics.com suggests buying Maruti Suzuki with stop loss at Rs 7570 and target of Rs 7800, Century Textiles with stop loss at Rs 905 and target of Rs 965 and Cadila Healthcare with stop loss at Rs 354 and target of Rs 382.
We recommend traders to buy this stock in the range of Rs 2650 to 2625 with a price target of Rs 2900 and a stop loss placed below Rs 2520, says Aditya Agarwal of Way2Wealth Brokers.
Rajesh Agarwal of AUM Capital recommends buying Max Financial Services with stop loss at Rs 437 and target of Rs 462, Escorts with stop loss at Rs 685 and target of Rs 708 and TVS Motor Company with stop loss at Rs 539 and target of Rs 563.
On Friday, Nifty November futures closed at 10,518, however, the index is trading below its max pain strike level of 10,600 for the first time in this series