Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today
Here's what Ruchit Jain of Angel Broking recommends investors should do with these stocks when the market resumes trading today
Bajaj Finance and Apollo Hospitals rose more than 5 percent and Asian Paints 3 percent to hit a fresh 52-week high on August 31
Here's what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today:
Technically, the stock is in uptrend, making higher highs and higher lows on the daily chart, experts say.
According to a technical analyst, the charm of Godrej Consumer Products is back and its shares are in a long-term breakout
Bajaj Finserv rose nearly 8 percent to hit a fresh 52-week high, Bajaj Finance rose by 3.3 percent, and Affle India closed with gains of nearly 5 percent. Read on to know what are the expert views on these stocks
Although the stock has underperformed the IT index, its breakout from a consolidation phase on August 5 suggests it is poised for a further upside.
Cummins India is trading above its multi-year highs, and experts say the momentum can take it towards Rs 1,300, or 26 percent above the August 18 closing.
Sectorally, buying was seen in FMCG stocks, while selling pressure was visible in metals, realty, public sector and industrials
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
The immediate support for the Nifty is placed near 16,400 levels and the resistance is pegged near 16,700–16,750 levels
Dr Lal Pathlabs that rose 4 percent and MindTree gained around 6 percent on August 18 to hit a fresh 52-week high
One expert advises investors to buy the Century Textiles & Industries stock for an upside target of Rs 920-950 in the next 2-3 months
Tata Elxsi rose more than 7 percent, Apollo Hospitals 13 percent and Hikal over 2 percent on August 17 to hit a 52-week high as benchmarks indices scaled new peaks
On the technical front, 16,800 could act as strong resistance for the Nifty while bias is likely to remain in favour of bulls in the upcoming sessions as well, said Shitij Gandhi of SMC Global
The Nifty has to continue to hold above 16,500 to extend the momentum towards 16,750 and 17,000, while on the downside, support shifts to 16,400 and 16,300 levels, say experts
The stock is on its way to hit the Rs 4,000-mark, after making a fresh 52-week high on Monday. One analyst suggests a target of Rs 3,800-4,100, with a stop-loss at the Rs 3,100 level.
Apollo Hospitals rallied over 7 percent, Tata Steel rose nearly 4 percent, and KPIT Technologies ended with gains of over 5 percent. Read on to know what Vikas Jain of Reliance Securities recommends.
Experts say traders should ride the momentum and avoid going contra at current levels, while taking some profit as well.
Nifty Bank and Financial Service sectors look attractive at the moment. Both the sectors have broken out of a long consolidation phase resuming their uptrends.
We believe capital goods, infrastructure, and realty stocks may do well in coming years as Capital Goods and Infra sectors are coming out of 14 years of vanvas and the Nifty Realty index is breaking out 10 years of consolidation.
In fact, the stock still has some upside left. It hit a 52-week high of Rs 886 on Aug 12, and is well on its way to hit the Rs 1,000-mark. One analyst advises investors to buy the stock at the current price or on dips.
This is the time to pick good stocks and be patient; it will be rewarded in the coming three or four months, say Sharma
Birlasoft has outperformed the Nifty50 that rose 43 percent and the S&P BSE 500 index that gained about 50 percent in the year