Stocks to Watch 17th March: After a long bearish movement stock market has experienced very little movement, which ultimately led to weekly loss. The market was closed from Friday because of Holi festival. Last Thursday BSE closed at 73,828.91 and NSE closed at 22,397.20.
Stocks to buy today by Sumeet Bagadia
According to Sumeet Bagadia, Executive Director at Choice Broking, Indian market sentiment is very cautious right now. This is because Nifty 50 is still unable to break the 22,650 mark. he also added, that once it breaks the 22,650 mark, it can go bullish or if the market falls to 22,000 there is a chance of another bearish movement.
What are the stocks that can break out today? Here’s a list of stock recommendations with entry price, selling price, and stop loss.
Stocks to buy today by Sumeet Bagadia
1. Avas Financiers: The first recommendation of the day is Avas Financiers. These stocks can be purchased at Rs 1872.45 and the target price for selling will be Rs 2000. There should be a stop loss at Rs 1800.
2. Godrej Industries: The second recommended stock for today is Godrej Industries. This shares can be purchased at Rs 1149.05 and sold at a target price of Rs 1250. There should be a stop loss at Rs 1100.
3. Som Distilleries and Breweries: Another good stock that can break out is Som Distilleries and Breweries. This can be purchased at Rs 127.66 and the target price to sell will be Rs 137. Also, remember to keep a stop loss at Rs 123.
4. Avanti Feeds: This Shares can be bought at Rs 842.55 and the target selling price will be rs 900. There should be a stop loss at Rs 810.
5. Swaraj Engines: The last recommendation for the day is Swaraj Engines. These shares can be purchased at Rs 3158.95 and the target price for exit will be Rs 3390. Do remember to keep a stop loss at Rs 3030.
All the information given above is for informational purposes only. Investors are advised to consult their certified experts before making any investment-related decision.
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