Sun Pharma has support around 370-390 but it seems unlikely that the stock will hold on to that level.
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
It is expected that Nifty Auto will converge towards Nifty very soon.
The Auto sector seems to be poised for a good move on the upside. One could capitalise on the medium term bout of positivity in the stocks mentioned here.
Prakash Gaba of prakashgaba.com recommends buying Eicher Motors with target at Rs 21,500 and stop loss at Rs 20,000, United Spirits with target at Rs 555 and stop loss at Rs 532 and UltraTech Cement with target at Rs 4,200 and stop loss at Rs 4,050.
In terms of profitability, after witnessing a 60 percent CAGR in profits over CY10-FY18, HDFC Securities expects standalone profit growth to moderate to 10 percent over FY19-21E.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Ashwani Gujral of ashwanigujral.com recommends buying Motherson Sumi Systems with a stop loss of Rs 157, target of Rs 172, ONGC with a stop loss of Rs 144, target of Rs 158 and Voltas with a stop loss of Rs 562, target of Rs 578.
Banking index has taken support from its 200 DMA placed around 26,632 and trading higher. The immediate trading range of 27,300 on higher side and 26,500 on lower side remains intact.
We would rate it at 5 given the backdrop in which the budget is being presented; the Budget is expansionary without breaking the bank.
We recommend selling the stock between CMP and Rs 20500 for the target of Rs 18400, and keep a stop loss at Rs 21000 on a closing basis.
All eyes would be on last budget of the current government to be presented before the general elections
According to the brokerage, medium & heavy commercial vehicle segment sales are expected to fall by 19-21 percent YoY.
Traders can accumulate the stock in the range of Rs 23900–24000 for the target of Rs 25200 and a stop loss below Rs 23290, says Rupak De of Bonanza Portfolio.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1830, target of Rs 1885 and HDFC with a stop loss of Rs 1950, target of Rs 2010.
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries with stop loss at Rs 5700 and target of Rs 6300, Bank of Baroda with stop loss at Rs 110 and target of Rs 125 and Eicher Motors with stop loss at Rs 24000 and target of Rs 27500.
The company reported a 6 percent increase in consolidated profit after tax at Rs 548.76 crore in the second quarter ended September 30.
Mitessh Thakkar of mitesshthakkar.com suggests selling Eicher Motors with a stop loss of Rs 22300 and target of Rs 21000 and Hindustan Zinc with a stop loss of Rs 268.25 and target of Rs 252 and advises buying Cummins India with a stop loss of Rs 779 and target of Rs 835.
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.
Bajaj Finance holds the unique distinction of featuring in the top 10 of both biggest and the fastest wealth creators.
Looking at the above technical evidence, we are expecting a rally towards 10,600 – 10,700 in Nifty in coming months, said Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited
Prakash Gaba of prakashgaba.com advises buying NIIT Tech with a stoploss of Rs 1150 and target of Rs 1250.
Indian markets are in the midst of a correction which is likely to extend further, according to experts and hence, there will be plenty of opportunities for investors to enter into quality stocks on declines
For market to show strength sequence of lower highs and lower lows needs to be broken. Hence, 11,523 needs to be taken out first for market to see level of 11,600, says Ashish Chaturmohta of Sanctum Wealth Management
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.