The Indian Stock Market didn’t perform well on Tuesday. Though it continued upward momentum, the growth percentage is nominal. Sensex was up by only 0.04% and ended at 78,017.19 this shows resistance. On the other hand, Nifty 50 also recorded only 0.04% up spike and closed at 23,668.65. What will happen today? Let’s find out what analysts are saying.
Stocks to Watch Today by Ankush Bajaj
According to Ankush Bajaj, Director of Alfa Fineducon Pvt Ltd, Nifty’s maximum open interest is at 24,000 with the market currently at 23,668. The maximum it can go down is 23,500, so this is the support level. On the other hand, it can reach up to 23,800 mark.
Here are some good stocks with great technical charts that can break out today. Entry price, target selling price, and stop-loss prices are also given.
Stocks to Buy Today by Ankush Bajaj
1. Ultra Tech Cement: The first recommendation for the day is Ultra Tech Cement. These shares can be purchased at Rs 11,420 and sold at a target price of Rs 11,850. Do remember to keep a stop loss at Rs 11,200.
2. Adani Green Energy: The second recommendation for the day is Adani Green Energy. These shares can be purchased at Rs 923.40 and sold at Rs 960 to Rs 980. Also, keep a stop loss at Rs 900.
3. Asian Paints: The last recommendation for today is Asian Paints. These shares can be purchased at Rs 2330. After that, it can be sold at a target price of Rs 2385 to Rs 2410. Also, investors are advised to keep a stop loss at Rs 2290.
All the information given above is individual analyst’s view. Investors are advised to consult their certified experts before making any investment-related decision.
