The market is expected to remain rangebound with a positive bias in the upcoming sessions. Below are some trading ideas for the near term.
Crucial support for the Nifty50 is expected to remain at 18,800, the low of the last week, as beyond this point, it may slide down to 18,600-18,500. On the higher side, the immediate hurdle will be at 19,200-19,300, followed by 19,500
Considering the momentum in key sectors, if the Nifty50 decisively surpasses 19,500, then 19,650 is expected to be the crucial area for sharp up-move, while the critical support remains at 19,300-19,250, experts said
ICICI Direct is bullish on Mangalam Cement has recommended buy rating on the stock with a target price of Rs 600 in its research report dated July 26, 2021.
Among other deals, Sunidhi Securities & Finance acquired 10 lakh equity shares of Pricol at Rs 94.05 per share, while Alpha Leon Enterprises LLP purchased 4,22,237 equity shares of Vivimed Labs at Rs 22.65 per share.
Net Sales are expected to increase by 17.3 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs 348 crore, according to Sharekhan.
Anand Rathi is bullish on Mangalam Cement has recommended buy rating on the stock with a target price of Rs 286 in its research report dated November 11, 2020.