Ashwani Gujral of ashwanigujral.com recommends buying Bata India with a stop loss of Rs 1670, target of Rs 1720 and Kotak Mahindra Bank with a stop loss of Rs 1630, target of Rs 1675.
We are seeing indications of short term up move in select PSU banks but we still recommend preferring private banks over the PSU pack for the long term investment.
Mitesh Thakkar of miteshthakkar.com recommends buying Axis Bank with a stop loss of Rs 744.9 and target of Rs 780 and Bank of India with a stop loss of Rs 72.5 and target of Rs 78.5.
A decisive close above 12,050 will take index in a new zone which can extend towards 12,200 levels.
Ashwani Gujral of ashwanigujral.com advices selling Tata Steel with a stop loss of Rs 390, target of Rs 375.
Prakash Gaba of prakashgaba.com recommends buying Federal Bank with target at Rs 90 and stop loss at Rs 85 and REC with target at Rs 148 and stop loss at Rs 138.
Ashwani Gujral of ashwanigujral.com suggests buying JSPL with stop loss at Rs 119 and target of Rs 130.
Nifty has support near 11,500-11,600 and resistance at 11,975 where the upper Bollinger band stands at.
Target as per Double Bottom pattern is calculated by adding height of trough to resistance line which comes to Rs 440
Sudarshan Sukhani of s2analytics.com suggets selling United Breweries with stop loss at Rs 1,305 and target of Rs 1,272.
After the mega booster, most brokerages raised their Sensex and Nifty target by 15-20 percent from September 19's closing levels and also raised earnings estimates for sectors such as banking & financials, FMCG, auto
We continue with optimistic stance and advice traders not to venture into taking any contra bets. The immediate supports for the index are placed around 10,945 and 10,890.
Sectors with positive outlooks are real estate, small appliances and branded apparel, while outlook on autos, select staples and global commodities is more cautious.
As Nifty continues trading in a 350 point range, here are five stocks that can return 8-13 percent in near term:
We expect Nifty to initially head towards 11,100-11,180 levels and will not be surprised to see this sturdy wall getting demolished quite soon to extend the relief rally towards 11,350–11,475
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
Demand for iron and steel is set to grow, with strong growth expectations for the residential and commercial sector.
We advise keeping a stock-specific trading approach with a focus on risk management aspects.
Volatility is the new normal so managing positions would be the key ahead. We advise keeping positions on both sides, citing mixed trend on sectoral front.
We continue to remain focused on selective opportunities only for long-position with favourable earnings, and expect a rangebound target on a weekly basis at 11800 levels on upside and 11480 levels on the downside.
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
Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes with a stop loss of Rs 355, target of Rs 372, Cholamandalam Investment with a stop loss of Rs 1470, target of Rs 1510 and Bajaj Finance with a stop loss of Rs 3100, target of Rs 3165.
Traders are advised to stay positive and try to identify potential candidates that have probably given decent corrections and are now gearing up for the next leg of the rally
Ashwani Gujral of ashwanigujral.com recommends buying Adani Enterprises with a stop loss of Rs 138, target of Rs 150, L&T Finance Holdings with a stop loss of Rs 124, target of Rs 136 and Tata Steel with a stop loss of Rs 515, target of Rs 540.
Banking index has taken support from its 200 DMA placed around 26,632 and trading higher. The immediate trading range of 27,300 on higher side and 26,500 on lower side remains intact.