The BSE Sensex already surpassed earlier record-high and made a fresh high of 40,392.22 last week, showing over 11 percent gains from September lows.
Emkay, which has a sell rating on the stock, believes unabated stress flow will keep the profit & loss bleeding and call for prolonged dilution risk for investors
The index during the entire up-move of the last two months is seen sustaining above the rising trendline joining last two months lows signalling buying demand at its elevated support base
We expect the domestic prices of gold to touch Rs 41,000-41,900 per 10 gram
If Nifty crosses and sustains above 11,950 levels it would witness buying which would lead the index towards 12,000-12,100 levels
Target as per Double Bottom pattern is calculated by adding height of trough to resistance line which comes to Rs 440
The benchmark indices continued their rally for the sixth consecutive session on November 1, with Sensex touched a fresh all-time high of 40,392.22.
In October, the Sensex rose 3.8 percent and the Nifty was up 3.5 percent.
Prakash Gaba of prakashgaba.com suggests selling Just Deal with stop loss at Rs 597 and target of Rs 570
On the Nifty, 11,980-12,000 could initially act as intermediate hurdle above which it could test 12,200 levels
Here are 10 stocks in which brokerages have buy rating and are likely to give 10-60 return in next 1 year.
The new short term base is now emerging at 11,700 level and until we are trading it, buying on dips will remain the prudent strategy for traders.
"It is our preferred pick due to its focus on growth & cost optimisation, though weak cement prices in the south and east are near-term concerns," CLSA said.
According to the Prabhudas Lilladher, the bank's baseline scenario of pre-provision operating profit Rs 65,000 crore and Rs 75,000 crore in FY20/FY21 can be achievable.
Ashwani Gujral of ashwanigujral.com advises buying HDFC Life with stop loss at Rs 625 and target of Rs 650.
The index is trading above its 20, 50, 100-Days exponential moving averages (EMA) on a daily interval which is positive for Indian bourses
IRCTC's market capitalisation also increased from Rs 5,000 crore to Rs 15,000 crore.
FII remained net sellers last week as they sold equities worth Rs 1,272.41 crore.
Sudarshan Sukhani of s2analytics.com suggets selling United Breweries with stop loss at Rs 1,305 and target of Rs 1,272.
Momentum is likely to be tilted towards bulls in the coming sessions as well and any dip into the prices should be used to create fresh longs
The weekly strength indicator RSI and momentum oscillator Stochastic have both turned positive and are above their respective reference lines indicating positive bias.
Morgan Stanley has overweight call on the stock and raised target price to Rs Rs 665 from Rs 625 earlier,
Brokerages remain bullish on the lender after Q2 net profit trebles and expect a 49 percent upside in the stock in the next one year.
Sudarshan Sukhani of s2analytics.com advises selling Bharti Infratel with a target of Rs 201.
Brokerages also raised target price on the stock despite profitability hit by deferred tax assets (DTA) adjustment