"Till Nifty holds 10,350 levels decisively, bounce back from lower levels cannot be ruled out and on higher end stiff hurdle seen around 10,490 mark," says Rajesh Agarwal of AUM Capital.
Chandan Taparia of Motilal Oswal Securities recommends buying Bharat Financial Inclusion, Kotak Mahindra Bank and Reliance Industries.
The company acquired 19,04,781 shares of KTI, mobile operating system provider, at USD 3.675 per share, Reliance Retail said in a statement.
We expect a near-term bounce in the index; however, such bounce will not lead to a significant trend reversal and any up move towards 10400-10480 levels can be used to exit from trading long positions.
The market breadth was in favour of the advances with 878 stocks advancing while 789 declined and 348 remained unchanged. On the other hand, in the BSE, 1268 stocks advanced and 1260 declined and 160 remained unchanged.
Ashwani Gujral of ashwanigujral.com advises buying RIL, Hindalco, Syndicate Bank, BOI and Aurobindo Pharma.
Speaking at the UP Investor Summit here, he said the investment will be over and above the Rs 20,000 crore Jio has already invested in the state in rolling out high-speed 4G telecom venture.
Below is the full text of the address of Reliance Industries chief Mukesh D Ambani at Day 1 of the Uttar Pradesh Investors' Summit 2018.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell L&T, ICICI Bank, Bharti Airtel, Capital First and HPCL and can buy JSW Steel and Escorts.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Ceat and Bajaj Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Balkrishna Industries and Sonata Software.
Ambani mooted the proposal for setting up the CLS during his two-hour meeting with Chief Minister N Chandrababu Naidu at the Secretariat here tonight.
Mitessh Thakkar of miteshthacker.com suggests buying Amara Raja Batteries and Cholamandalam Investment.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Steel, Rural Electrification Corporation and Ceat.
Ashwani Gujral of ashwanigujral.com suggests buying Bharat Forge, Balkrishna Industries and Sun TV Network.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Infosys, Divis Laboratories, Interglobe Aviation and BPCL and can sell Cadila Healthcare.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Tata Consultancy Services and can sell Jubilant Foodworks.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying RIL, IndusInd Bank, Tata Steel, Bajaj Auto and Bata India.
Axis Direct is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1125 in its research report dated January 29, 2018.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Reliance Industries, Vedanta and HDFC Bank and can sell Hindustan Petroleum Corporation.
"Assignment of Niko's participating interest (10 per cent) to RIL and BP approved by Government of India," RIL said in an analyst presentation on third-quarter earnings.
A cautionary stance is necessary at current level as the index is trading near key resistance levels, but as long as Nifty trades above key support levels, traders should avoid taking contra bets at current level and ride the momentum on the upside.
Chandan Taparia of Motilal Oswal Securities recommends buying Reliance Industries, LIC Housing Finance and Larsen & Toubro.
The market breadth was in favour of the advances on Tuesday morning with 1047 stocks advancing as against 541 declines while 419 remained unchanged. On the other hand, 1292 stocks advanced and 701 stocks declined while 78 remained unchanged on the BSE.
KRChoksey is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1600 in its research report dated January 22, 2018.