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Read more about Stock picks by HDFC Securities: Buy Adani Ports, Tata Communications on Business Standard. The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend
Read more about Sameet Chavan of Angel Broking expects Nifty to hit 15,600 soon on Business Standard. On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.
BUY TATA POWER | TARGET: Rs 116 | STOP LOSS: Rs 102 TATAPOWER has been one of the consistent performers in the power sector for the past couple of months and has been trending throughout in the cycle of higher highs, higher lows. Also, the stock is placed well above all the major moving averages suggesting an inherent strength. In the recent past, the oscillator, 14 period RSI has seen some significant bounce and has breached its previous swing highs indicating bullishness in the counter in the coming future. BUY GUJGAS LTD | TARGET: Rs 560 | STOP LOSS: Rs 496 GUJGASLTD has been consolidati...
Read more about Nifty close below 14,416 would be bearish for short-term: Vinay Rajani on Business Standard. Below 14,416, Nifty could slide towards next support of 14,150
BUY GRASIM | CMP: Rs 1,401 | Target: Rs 1,600-1660 | Stop Loss: Rs 1,220 The stock, after the recent correction, has bottomed out near 1260 levels and has currently picked up momentum to move past the significant 50-EMA level of 1315 to improve the bias. The chart looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy. We advise to buy and accumulate this stock for an upside target of 1600-1660 keeping the stop loss of 1220. BUY BHARAT FORGE | CMP: Rs 610 | Target: Rs 700-720 | Stop Loss: Rs 560 The stock has bottomed out n...