IDBI Bank shares gained nearly 3 percent to close at Rs 54.30, the highest closing level since November 10, 2021 and formed high wave kind of pattern on the daily charts, making higher highs higher lows for third consecutive session.
Aster DM Healthcare rose over 7 percent to hit a 52-week high, United Spirits rallied nearly 10 percent and HDFC Bank pared gains to closed in the red on August 18
Stocks that were in focus include ICICI Bank which closed with gains of over 3 percent, and State Bank of India, that rose by about 2 percent on August 4.
Stocks that were in focus include Motherson Sumi which rallied over 13 percent to hit a fresh 52-week high post-March quarter numbers, and Sumitomo Chemical rallied nearly 14 percent on Wednesday.
Here's what Ruchit Jain of Angel Broking recommends investors should do with these stocks when the market resumes trading today:
Here's what Ruchit Jain, Senior Analyst- Technical and Derivatives, Angel Broking Ltd, recommends investors should do with these stocks when the market resumes trading today:
Intellect Design gained over 6 percent with strong volumes, while Birla Corp rallied over 5 percent to hit a fresh 52-week high on March 31.
Adani Total Gas rallied more than 15 percent, HEG gained more than 9 percent, and Adani Transmission, which hit a fresh 52-week high, closed with gains of nearly 6 percent
The rollover in Nifty is slightly higher than its 3-month average. However, FII’s have more shorts in the index futures segment at the start of the new series.
Ruchit Jain of Angel Broking is of the view that one may buy Bharat Financial Inclusion with target of Rs 884.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Biocon with a target of Rs 418.
Kunal Saraogi of Equityrush suggests buying Shriram Transport with a target of Rs 1030.
Kunal Saraogi of Equityrush advises buying Godrej Consumer Products with a target of Rs 1035.
Ashish Kyal of Waves Strategy Advisors is of the view that oen may buy Bajaj Finserv with a target of Rs 5190.
Vishvesh Chauhan of Monarch Networth Capital advises buying Capital First with a target of Rs 790.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bank of India with a target of Rs 151.
Kunal Saraogi of Equityrush is of the view that one may buy Indraprastha Gas with a target of Rs 1140.
Vishvesh Chauhan of Monarch Networth Capital suggests buying BHEL with a target of Rs 145.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Ceat with a target of Rs 1885.
Gaurav Ratnaparkhi of Sharekhan advises selling IDFC Bank with a target of Rs 53.50.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
Jay Thakkar of AnandRathi is of the view that one may buy Bajaj Finserv with a target of Rs 4168.
Ruchit Jain of Angel Broking advises buying HPCL with a target of Rs 521.
Ruchit Jain of Angel Broking suggests buying Siemens with a target of Rs 1427.
Ruchit Jain of Angel Broking is of the view that one may buy Ajanta Pharma with a target of Rs 1745.