After a long bearish season, the Nifty 50 and Sensex have gained some upward movement. This is because heavy-weight companies like Reliance Industries and Metal stocks have gained. However, the crude oil price drop also aided the sentiments. What are the stocks that will perform well in these market conditions? Let’s Check expert recommendations.
Stocks to Buy Today by Vaishali Parekh
Vaishali Parekh, Vice President of Technical Research at Prabhudas Liladher says, Nifty is finally on a positive move, it closed above 22,500 zone. This is very important for improving bias and sentiment. Also Bank Nifty closed at 48,600 giving investors relief to some extent.
Now what are the stocks that could give good returns today? Check out breakout stocks to buy according to Vaishali Parekh with Entry Price, Target Selling Price, and Stop Loss recommendation.
Stock Recommendation by Vaishali Parekh
1. Coal India: FIrst, the recommendation for the day is Coal India. These shares can be purchased at Rs 382.60 and sold at a target price of Rs 400. Make sure to keep a stop loss at Rs374.
2. Arvind: The second recommendation for the day is Arvind Ltd. These shares can be purchased at Rs 352 and the target price for selling will be Rs 368. Also, remember to keep a stop loss at Rs 344.
3. CDSL: The last recommendation by Vaishali Parekh for today is CDSL. These shares can be bought at Rs 1175.90 and the target price will be at Rs 1215. Also, there should be a stop loss at Rs 1150.
All the information given above is for information purposes only, make sure to consult with a certified expert before making any investment-related decision.
