The Nifty Midcap index itself fell 18 percent and around 45 stocks included in the index corrected in the range of 30-90 percent in last 18 months.
The Nifty Midcap and Smallcap indices rallied nearly 7 percent and 10 percent in March, and since February 19, both indices surged 11 percent and 15 percent respectively.
The stock can be bought at current levels and on dips towards Rs 1,620 with a stop loss below Rs 1,570 and a target of Rs 1,800, says Ashish Chaturmohta of Sanctum Wealth Management.
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank with stop loss at Rs 2100 and target of Rs 2140, Reliance Industries with stop loss at Rs 1115 and target of Rs 1150 and LIC Housing Finance with stop loss at Rs 480 and target of Rs 495.
On the downside breaking below 10,641, market can see decline towards 10,535 and then 10,350
Stock can be bought at current levels and on dips to Rs 1600 with stop loss below Rs 1540 for target of Rs 1800 levels.
Breaking below 10,750 levels could lead to pressure in the market, says Ashish Chaturmohta of Sanctum Wealth Management.
The stock can be bought at current levels and on dips towards Rs 1435 with a stop loss below Rs 1385 and a target of Rs 1600-1650 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Dinesh Rohira of 5nance.com said he continued to maintain a range bound trading level at 10,690 levels on the upside and 10,370 levels on the downside.
Rajesh Agarwal of AUM Capital recommends buying BEML with stop loss at Rs 665 and target of Rs 720, Axis Bank with stop loss at Rs 600 and target of Rs 625 and Hindalco Industries with stop loss at Rs 230 and target of Rs 255.
Traders can accumulate the stock in a range of Rs 1,550-1,580 for the upside target of Rs 1,700 levels with a stop loss below Rs 1,460, says Shitij Gandhi of SMC Global Securities.
Traders can accumulate the stock in a range of Rs 1445-1480 for the upside target of Rs 1605 levels with a stop loss below Rs 1350, says Shitij Gandhi of SMC Global Securities.
“11,320-11,300 spot is strong support zone for the Nifty and the current trend is likely to continue towards 11,500-11,550 levels,” says Shitij Gandhi of SMC Global Securities
IndiGo, Info Edge and NIIT Tech, among others, are being tracked by investors on Tuesday.
Morgan Stanley has upgraded Ashok Leyland to Overweight from equal-weight and raised target price to Rs 151 from Rs 101.30 per share.
Federal Bank, Delta and Info Edge, among others, are on the radar of investors on Tuesday.
IndiGo, JSW Steel, Dr Reddy’ and Info Edge, among others are on the radar of investors on Wednesday.
One needs to track sectors to identify emerging trends and companies within the sector that can leverage from the emerging trend.
If index holds above 10,000, there could be more upside but it has to break above 10,137 convincingly.
Idea Cellular, HDFC Bank, and Info Edge, among others are on the radar of analysts on Tuesday.
ITC, Colgate, Titan and HDFC, among others are being tracked by analysts today.
We believe the current breather will make the markets healthier by hiving off overbought conditions developed after the steady rise over the last five months.
TCS, Siemens, Godrej Properties and Naukri are on the radar of Kotak Securites
Ashwani Gujral of ashwanigujral.com recommends buying Mahindra and Mahindra, Oriental Bank of Commerce and Wockhardt.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shares his views on specific stocks and sectors.