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Finolex shares have given a Cup & Handle breakout on the monthly charts and can be bought at above Rs 275 by aggressive traders for a target of Rs 325, and a stop loss can be placed below Rs 229.
Data Patterns (India) recorded a 10 per cent hike on Wednesday
In terms of levels, immediate resistance for Nifty is noted at 22,900, followed by further resistance at 23,170 and 23,400. Conversely, crucial support levels are identified at 22,500 and 22,300.
Jefferies India has initiated coverage on Hindustan Aeronautics (HAL) and Data Patterns with Buy rating and remained positive on Bharat Electronics (BEL). The brokerage has kept a price target of Rs 3900 a share, up 18 percent on HAL , for Data Patterns it kept a price target of Rs 3545, up 45 percent and Rs It sees target price of Rs 260 a share, up 29 percent from its current market price on Bharat Electronics.
Stock-specific action is expected as India Inc begins sharing its report card for Q4 as well as FY 24. TCS will be first off the block, with numbers expected after market hours today