The recent rally has lifted the market to supreme valuation, which limits the headroom for key indices to perform well in the short-term, Vinod Nair of Geojit Financial Services says.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries with stop loss at Rs 188 and target of Rs 201, HDFC with stop loss at Rs 2150 and target of Rs 2400 and Jindal Steel & Power with stop loss at Rs 141 and target of Rs 152.
Mitesh Thakkar of Miteshthakkar.com advises selling Power Grid with stop loss at Rs 196.5 and target of Rs 188.
Sudarshan Sukhani of s2analytics.com suggets selling United Breweries with stop loss at Rs 1,305 and target of Rs 1,272.
The BSE and NSE will remain open for an hour on October 27 for the Muhurat Trading.
Dinesh Thakkar of Angel Broking said though MF inflows this year have slowed down, he was very confident that MF inflows will pick up from here on as market sentiment improves
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.
Ashwani Gujral of ashwanigujral.com recommends selling Jindal Steel & Power with a stop loss of Rs 134, target of Rs 126, Raymond with a stop loss of Rs 710, target of Rs 685 and Hero MotoCorp with a stop loss of Rs 2430, target of Rs 2350.
Prakash Gaba of prakashgaba.com recommends buying Mahindra & Mahindra with target at Rs 675 and stop loss at Rs 650, Mahanagar Gas with target at Rs 875 and stop loss at Rs 854 and Tata Chemicals with target at Rs 653 and stop loss at Rs 630.
The chart pattern suggests that if Nifty crosses and sustains above 11,970, it would witness buying that would lead the index towards 12,100-12,250
India VIX closed at 15.63, down 2.1 percent for the day. A steady decline in VIX over the last seven sessions has been supportive for the market. Further decline will aid the markets sustaining above 12,000
Bank Nifty options data for upcoming weekly expiry depicts 31,000 as strong support as aggressive Put writing is seen at 31,000 and on upside the highest Call OI is at 32,000, which can act as strong resistance
The demand slowdown and delayed summer impacted Lloyd business that resulted in weak earnings
Prakash Gaba of prakashgaba.com advises buying HUL with target at Rs 1810 and stop loss at Rs 1765
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150, DCB Bank with a stop loss of Rs 203, target of Rs 217 and Havells India with a stop loss of Rs 755, target of Rs 780.
In the March quarter, the most popular stocks performed the worst, failing to beat the benchmark; whereas neutral to moderately popular stocks delivered the second best return
Mitessh Thakkar of mitesshthakkar.com recommends buying Buy Engineers India with a stop loss of Rs 114 and target of Rs 125, GSFC with a stop loss of Rs 103 and target of Rs 1111 and Bharti Infratel with a stop loss of Rs 320 and target of Rs 342.
On the technical front, we believe that bullish momentum will continue towards 11,700 levels in the coming sessions and every dip should be used as a buying opportunity.
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.
Sudarshan Sukhani of s2analytics.com recommends buying Buy HCL Tech with stop loss at Rs 1050 and target of Rs 1070, Larsen & Toubro with stop loss at Rs 1265 and target of Rs 1290 and Reliance Industries with stop loss at Rs 1220 and target of Rs 1255.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
The 10,980-11,000 range will remain a challenging zone for bulls. Technical structure is suggesting that the resistance is getting weaker every time and we could surpass it in days to come.
The index witnessed a bearish candle on the weekly charts and going forward it would be difficult for the index to surpass 11000 levels convincingly in a hurry.
The stock has been trading with the strong support of 21 & 50-days moving average which suggest a positive trend in the stock.
Havells’ manufacturing units are spread over 7 locations in India including Alwar (Rajasthan), Baddi (Himachal Pradesh) and Haridwar (Uttrakhand).