Page 23 - Deepak Nitrite News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The stock market showcased significant movements as several stocks rose above their 100-day Simple Moving Average (SMA) on August 24, a pivotal technical indicator

"We are very bullish on IT stocks and Coforge is one of those names which we all have in our IT basket as well. My sense is this stock can revisit its December 21 highs, somewhere around the 5800-5900 mark. From a positional perspective, from a delivery perspective looks good. From a trading perspective, I think there is a good chance we head towards the 5400 mark. So Coforge would be my pick amongst the names. IT as a basket is something that we are liking in particular."

Prabhudas Lilladher trims Nifty target to 20,735, citing EL Nino impact on inflation and weak earnings. Expect consolidation ahead of 2024 elections.

Cholamandalam Investment and Finance marked a significant achievement by exceeding its 100-day SMA and closing at Rs 1044.85 on August 21. The company specializes in financial services, catering to diverse segments.

Escorts Kubota, BHEL, Dixon Technologies, IDFC First Bank, and AU Small Finance Bank were among the 50 stocks to see a long build-up. An increase in open interest (OI) and price indicate a build-up of long positions.