Investors should be prepared for quality stocks as brokerages believe that there are ample opportunities in the market considering expected broad-based rally
The broader markets, which had been underperformer for many months, turned outperformers in last one month rally.
Overall, especially after the run in November, the market has been rangebound and stock-specific action has continued, which is likely to be the top theme in the rest of 2019 as well
Rajesh Agarwal of AUM Capital recommends buying Aptech with stop loss at Rs 165 and target of Rs 183, VIP Industries with stop loss at Rs 508 and target of Rs 550 and Zydus Wellness with stop loss at Rs 1198 and target of Rs 1249.
It is advisable to trade on stock specific opportunities with strict stop loss. We continue to maintain a rangebound trading level for index at 10690 levels on upside and 10520 levels on downside, says Dinesh Rohira of 5nance.com.
Rajesh Agarwal of AUM Capital recommends buying State Bank of India with stop loss at Rs 277 and target of Rs 293 and Interglobe Aviation with stop loss at Rs 1027 and target of Rs 1080.
Rajesh Agarwal of AUM Capital recommends buying Tata Motors with stop loss at Rs 168 and target of Rs 185 and India Glycols with stop loss at Rs 350 and target of Rs 378.
Experts feel that investors sitting on cash should buy into markets in a scattered manner instead of making a lump sum payment.
PE multiple is widely used as a valuation tool that helps in screening a stock on a relative basis.
As of now, mid-cap index is in “correction” and the small cap is in “rally attempt” till it breaches its recent lows
Rajesh Agarwal of AUM Capital recommends buying Wockhardt with stop loss at Rs 654 and target of Rs 700, Deepak Nitrite with stop loss at Rs 264 and target of Rs 285 and Dhampur Sugar with stop loss at Rs 112 and target of Rs 125.
We expect Nifty to trade at 11,465 levels on upside and 11,080 levels on downside on week-to-week basis, says Dinesh Rohira of 5nance.com.
Rajesh Agarwal of AUM Capital recommends buying Torrent Pharmaceuticals with stop loss at Rs 1768 and target of Rs 1800, Lupin with stop loss at Rs 898 and target of Rs 923 and Adani Transmission with stop loss at Rs 195 and target of Rs 215.
Sudarshan Sukhani of s2analytics.com suggests buying Piramal Enterprises with stop loss at Rs 2850 and target of Rs 3000, Mahindra & Mahindra with stop loss at Rs 960 and target of Rs 980 and Berger Paints with stop loss at Rs 332 and target of Rs 344.
Rajesh Agarwal of AUM Capital recommends buying NIIT Technologies with stop loss at Rs 1345 and target of Rs 1405, VIP Industries with stop loss at Rs 589 and target of Rs 625 and Cummins India with stop loss at Rs 734 and target of Rs 775.
Rajesh Agarwal of AUM Capital recommends buying Sun TV Network with stop loss at Rs 804 and target of Rs 825, Godawari Power with stop loss at Rs 449 and target of Rs 490 and VIP Industries with stop loss at Rs 534 and target of Rs 575.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IDFC Bank with a stop loss of Rs 39.8 and target of Rs 44 and sell Infosys with a stop loss of Rs 1363.5 and target of Rs 1320.
Only 15 of nearly 30 companies in Jhunjhunwala’s portfolio released their shareholding data for the quarter-ended June till now. Of the 14 companies, only two have delivered positive returns.
Traders can accumulate the stock in a range of Rs 440-445 for the target of Rs 495 with a stop loss below Rs 410, says Shitij Gandhi of SMC Global.
Experts see the Nifty consolidating this week with a positive bias. “The bullish momentum is likely to continue as long as it holds above 10,550 levels.”
"Improved return ratios and steady and rich dividend payouts should provide valuation comfort. Currently, we have a buy rating on stock," says Sumit Bilgaiyan of Equity99.
"Nifty is heading towards 10430-10480 levels i.e. 100 and 50 SMA respectively. It might face minor hurdle around 10375 zones," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JSPL and Hindalco Industries and can buy VIP Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Jindal Stainless, ONGC, Bajaj Finance, Tata Steel, HPCL and VIP Industries.
Ashwani Gujral of ashwanigujral.com suggests buying VIP Industries, Tech Mahindra and GAIL India.