The stage is set for the Bank Nifty catching up, albeit with some gyrations. Investors could well participate in the last leg of the rally riding on the Bank Nifty
Bajaj Finance and Apollo Hospitals rose more than 5 percent and Asian Paints 3 percent to hit a fresh 52-week high on August 31
Heres what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today:
Technically, the stock is in uptrend, making higher highs and higher lows on the daily chart, experts say.
IRCTCs unique offering of several promising businesses under one umbrella would continue to enjoy a scarcity premium, which is difficult to quantify
According to a technical analyst, the charm of Godrej Consumer Products is back and its shares are in a long-term breakout
Despite its expensive valuation that factors in the differentiated model and superior execution, we feel that EaseMy Trip stands to benefit from post-pandemic revenge travel as well as industry consolidation
Bajaj Finserv rose nearly 8 percent to hit a fresh 52-week high, Bajaj Finance rose by 3.3 percent, and Affle India closed with gains of nearly 5 percent. Read on to know what are the expert views on these stocks
Although the stock has underperformed the IT index, its breakout from a consolidation phase on August 5 suggests it is poised for a further upside.
Cummins India is trading above its multi-year highs, and experts say the momentum can take it towards Rs 1,300, or 26 percent above the August 18 closing.
Aster DM Healthcare rose over 7 percent to hit a 52-week high, United Spirits rallied nearly 10 percent and HDFC Bank pared gains to closed in the red on August 18
The immediate support for the Nifty is placed near 16,400 levels and the resistance is pegged near 16,700â€“16,750 levels
Dr Lal Pathlabs that rose 4 percent and MindTree gained around 6 percent on August 18 to hit a fresh 52-week high
One expert advises investors to buy the Century Textiles & Industries stock for an upside target of Rs 920-950 in the next 2-3 months
Tata Elxsi rose more than 7 percent, Apollo Hospitals 13 percent and Hikal over 2 percent on August 17 to hit a 52-week high as benchmarks indices scaled new peaks
On the technical front, 16,800 could act as strong resistance for the Nifty while bias is likely to remain in favour of bulls in the upcoming sessions as well, said Shitij Gandhi of SMC Global
The stock is on its way to hit the Rs 4,000-mark, after making a fresh 52-week high on Monday. One analyst suggests a target of Rs 3,800-4,100, with a stop-loss at the Rs 3,100 level.
Apollo Hospitals rallied over 7 percent, Tata Steel rose nearly 4 percent, and KPIT Technologies ended with gains of over 5 percent. Read on to know what Vikas Jain of Reliance Securities recommends.
The next upside target for Nifty is seen around 16,800, followed by 17,100. Longs should be protected by placing a stop loss below 16,150 in Nifty and 35,400 in the Bank Nifty, said Nandish Shah of HDFC Securities
Small & Midcap Mantra | This Navratna has doubled investor wealth in 2021, technicals suggest 20% upside in 2-3 months
Prabhudas Lilladher suggests buying and accumulating the stock for an upside target of Rs 100-105, keeping the stop loss near 73 to achieve a decent return
Experts say traders should ride the momentum and avoid going contra at current levels, while taking some profit as well.
With the lacklustre performance of the stock, the valuation of Mas Financial has corrected to a level that was prevailing at the time of its IPO in 2017. We feel this is a great opportunity for long-term investors
Nifty Bank and Financial Service sectors look attractive at the moment. Both the sectors have broken out of a long consolidation phase resuming their uptrends.
If we look at a bigger picture then we are very much a buy-on-dips market. However, the dips could be considerable and difficult to project at this point in time.
We believe capital goods, infrastructure, and realty stocks may do well in coming years as Capital Goods and Infra sectors are coming out of 14 years of vanvas and the Nifty Realty index is breaking out 10 years of consolidation.
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