On Tuesday at the close of market hours, the Sensex was up 190.29 points or 0.54 percent at 35150.01, while Nifty was up 60.70 points or 0.58 percent at 10549.20.
Mitessh Thakkar of mitesshthakkar.com recommends buying Ceat above Rs 1271 with stop loss of Rs 1255 for target of Rs 1300 and Godrej Industries with a stop loss of Rs 546 for target of Rs 565.
Kotak retained its negative stance on downstream PSUs, even as rangebound global crude prices may ease the operating environment.
Sudarshan Sukhani of s2analytics.com recommends buying Dr Reddy's Laboratories with stop loss at Rs 2645 and target of Rs 2735, Tech Mahindra with stop loss at Rs 678 and target off Rs 705 and Hero MotoCorp with stop loss at Rs 3000 and target of Rs 3080.
One can go long around Rs 65,575 with the stop loss of Rs 64,444 for target of Rs 69,000, says Shabbir Kayyumi of Narnolia Financial Advisors.
Breakout is expected to come above Rs 686-689 where buying momentum will accelerate towards our target of Rs 725, says Shabbir Kayyumi of Narnolia Financial Advisors.
One can buy the scrip around Rs 325 with the stop loss of Rs 309 for the target of Rs 355, says Shabbir Kayyumi of Narnolia Financial Advisors.
We suggest buying Vedanta above Rs 198 with stop loss of Rs 189 for target of Rs 221, says Shabbir Kayyumi of Narnolia Financial Advisors.
We recommend buying Tata Steel at Rs 509 with stop loss of Rs 479 for target of Rs 570, says Shabbir Kayyumi of Narnolia Financial Advisors.
We value the stock at 17x FY21e EV/EBITDA and upgrade it to a Buy with a target price of Rs 530, says a report by Anand Rathi.
On profitability front, we expect company to report operating margins of around 22.9 percent in FY19E and 23.2 percent in FY20E., says a report by Anand Rathi.
We expect company’s EBITDA margins to be around 21.8 percent in FY-19E and 22.3 percent in FY-20E, says a report by Anand Rathi.
Bank Nifty has a clearer long bias on the chart than Nifty, so trader looking for a long opportunity should prefer Bank Nifty, says Shabbir Kayyumi of Narnolia Financial Advisors
Sudarshan Sukhani of s2analytics.com recommends buying UPL with stop loss at Rs 745 and target of Rs 770 and Titan Company with stop loss at Rs 906 and target of Rs 930.
We are expecting highly volatile ride in next week so it is better to stay away from trading for next 3-5 days, says Sumit Bilgaiyan of Equity99
We expect the stock to resolve higher from here on and head towards Rs 410 as it upper band of the upward sloping channel, says Dharmesh Shah of ICICIdirect.com.
We believe that the stock is likely to continue with its positive momentum and head towards Rs 1550 in the medium-term, says Dharmesh Shah of ICICIdirect.com.
The risk-to-reward ratio also seems to be in favor of the bulls. Investors can hold longs with a mentioned stop loss on a closing basis, says Hadrien Mendonca of IIFL.
The stock has also broken below its short-term moving averages indicating further downside cannot be ruled out, says Hadrien Mendonca of IIFL.
The stock has also broken below its long-term 200-DEMA further accentuating our bearish stance on the stock in the near-term, says Hadrien Mendonca of IIFL.
we recommend traders to go short in this counter at the current level of Rs 537 with a downside price target of Rs 480. A stop loss should be placed above Rs 570 on a closing basis, says Aditya Agarwal of Way2Wealth Brokers.
We recommend traders to go short in this counter in a range of Rs 1130 – 1140 with a downside target of Rs 1050 first and in case of further pessimism stock can retest its bottom of Rs 1016, says Aditya Agarwal of Way2Wealth Brokers.
We advocate traders to buy this stock above Rs 1531 with a price target of Rs 1700 and a stop loss placed below Rs 1428, says Aditya Agarwal of Way2Wealth Brokers.
The BSE Telecom index has fallen 41 percent so far this year. The sector has been battling issues of low tariffs, eroding profitability, and rising debt as a result of an aggressive pricing war started by Reliance Jio
Mitessh Thakkar of mitesshthakkar.com suggests buying Bata India with a stop loss of Rs 1028 and target of Rs 1060 and Colgate Palmolive with a stop loss of Rs 1079 and target of Rs 1222.