Mitesh Thakkar of miteshthakkar.com suggests selling Axis Bank with a stop loss of Rs 688 for target of Rs 655 and Equitas Holdings with a stop loss of Rs 104 for target of Rs 95.
Sudarshan Sukhani of s2analytics.com recommends buying Asian Paints with stop loss at Rs 1825 and target of Rs 1890 and Pidilite Industries with stop loss at Rs 1540 and target of Rs 1645.
Ashwani Gujral of ashwanigujral.com suggests buying Sun Pharma with a stop loss of Rs 388, target of Rs 404 and Cipla with a stop loss of Rs 420, target of Rs 435.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finserv with stop loss at Rs 9500 and target of Rs 10300 and Havells India with stop loss at Rs 611 and target of Rs 635.
Once Nifty surpasses 12430 resistance zones, it can march towards 12500 and subsequently towards 12600 levels which are near the Fibonacci extension line.
As far as Nifty is concerned, we may see it going back to 12,300–12,390 ahead of the Budget and a positive outcome would enable it crossing this sturdy wall of 12,400 convincingly.
The chart pattern suggests that if Nifty crosses and sustains above 12,300, it would witness buying which would lead the index towards 12,360-12,450 levels.
Ashwani Gujral of ashwanigujral.com recommends buying Axis Bank with a stop loss of Rs 728, target of Rs 750, HDFC with a stop loss of Rs 2200, target of Rs 2310 and State Bank of India with a stop loss of Rs 310, target of Rs 334.
Sudarshan Sukhani of s2analytics.com advises buying NIIT Technologies with target at Rs 1,455 and stop loss at Rs 1,345.
The indecisive candle on monthly chart followed by bearish candle is suggesting that bulls are likely to struggle at higher levels.
Sudarshan Sukhani of s2analytics.com advises buying Divis Labs with stop loss at Rs 1590 and target of Rs 1650 and Indraprastha Gas with stop loss at Rs 310 and target of Rs 325.
With access to retail and wholesale deposits, UBS expects market share gains to continue and sees AUM of the three SFBs to rise at a 33 percent CAGR over FY19-22E to Rs 1.1 lakh crore
There has never been dearth of quality and alpha-generating stocks in the market irrespective of cycles. Hence, investors may still invest in quality stocks, said an expert
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network with a stop loss of Rs 550, target of Rs 575 and Power Finance Corporation with a stop loss of Rs 104, target of Rs 116.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens with a stop loss of Rs 1020, target of Rs 1075, Can Fin Homes with a stop loss of Rs 284, target of Rs 298 and Bajaj Finserv with a stop loss of Rs 6400, target of Rs 6550.
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
Nifty needs to cross and sustain above 10,600 for the bounce back to continue towards 10,750-10,850, says Ashish Chaturmohta of Sanctum Wealth Management.
We recommend buying at the current level for an initial target of 138 and a stop loss below Rs 128.
The upside remains open towards 10,650 – 10,700 but it will be too soon to take bullish call given the indicators are showing a weaker trend strength.
Rajesh Agarwal of AUM Capital suggests buying Century Plyboards with a stoploss of Rs 198 and target of Rs 217.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Aurobindo Pharma with a stop loss of Rs 720 and target of Rs 755 and sell Equitas Holdings around Rs 131 with stop loss of Rs 136 and target of Rs 120.
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
We expect sideways to a bullish movement for coming session, within a range of 11,700 on higher side and 11,450 on the lower side, however, sector-specific action can be seen.
Prakash Gaba of prakashgaba.com suggests buying NBCC with target at Rs 80 and stop loss at Rs 71 and Maruti Suzuki with target at Rs 9300 and stop loss at Rs 9100.