As per the Fibonacci projections, the short term target of Nifty50 is 12,000 and in upcoming week if 11,856 trades on higher side then we could see a smooth journey towards the target level.
The estimated acceptance ratio as per calculations turns out reasonable at 60 percent, which makes buyback attractive.
Elections would continue to be on top of everyone’s mind in the short term along with corporate earnings
Rajat Bose of rajatkbose.com recommends buying Hindustan Unilever with stop loss below Rs 1727 for targets of Rs 1755 and Rs 1773 and Maruti Suzuki with stop loss below Rs 7424 for target of Rs 7520.
The primary trend of the Nifty is still bullish. The Nifty could extend the rally towards the target of 12,000.
The stock opened at Rs 633 on both exchanges (BSE and NSE) against the offer price of Rs 538 and maintained above Rs 600 at the time of publishing this copy
Here are 11 stock picked by three analysts that could give 2-15 percent return in short to medium term
We advice that traders who wants to participate in buyback can buy 1,400 shares at Rs 136 per share in the open market and offer them in the tender offer
Prakash Gaba of prakashgaba.com recommends buying JSW Steel with target at Rs 298 and stop loss at Rs 289, Raymond with target at Rs 820 and stop loss at Rs 787 and L&T Finance Holdings with target at Rs 155 and stop loss at Rs 148.
If one wants to buy, he/she can accumulate Metropolis Healthcare below its issue price, experts said.
If Nifty trades lower than 11,540 on closing basis decisively, then we can expect the cut to get deeper till 11,311. Until then, Nifty is likely to pendulum between 11,540 and 11,760, said Manali Bhatia of Rudra Shares
Since Nifty could not sustain opening level and traded below the weekly pivot point (11,670), which acted as a stiff resistance through the last week, it must sustain above 11,670 for further upside action
Morgan Stanley, CLSA, and Credit Suisse downgraded the stock and slashed its 12-month target price to Rs 650 which roughly translates into a downside of about 13 percent from Friday’s closing price of Rs 743.
We expect Axis growth and profit differential with HDFC Bank to narrow over FY19-22, driven mainly by Axis's favourable loan mix change, gains from its physical/digital network and lower credit costs, UBS said
For next week Nifty has strong support at 11,550-11,500 and resistance at 11,710-11,760, said Sumit Bilgaiyan of Equity99
Sudarshan Sukhani of s2analytics.com recommends buying HDFC with stop loss at Rs 2010 and target of Rs 2040, Bata India with stop loss at Rs 1396 and target of Rs 1424 and Britannia Industries with stop loss at Rs 2955 and target of Rs 3015.
We expect Bank Nifty is expected to trade in range of 29,500-30,100 in coming week.
There has never been dearth of quality and alpha-generating stocks in the market irrespective of cycles. Hence, investors may still invest in quality stocks, said an expert
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance with a stop loss of Rs 840, target of Rs 865, BHEL with a stop loss of Rs 72, target of Rs 80 and Bajaj Finance with a stop loss Rs 3030, target of Rs 3120.
It is expected that Nifty Auto will converge towards Nifty very soon.
Here are six stocks that could give 15-71 percent return in short to medium term.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 670, target of Rs 692 and Amara Raja Batteries with a stop loss of Rs 678, target of Rs 700.
Investors should be prepared for quality stocks as brokerages believe that there are ample opportunities in the market considering expected broad-based rally
Breach and sustenance above 11,760 on Nifty on tradable basis can help the rally to continue towards 11,900-12,000 levels
Reliance is one of the largest companies in the organised retail market and it is the fastest-growing player in the grocery segment, HSBC said.