Last week, 21st March Indian Stock Market closed at a positive note. Nifty was up by 159.75 points and closed at 23,350.40. On the other hand, BSE Sensex was up by 899.01 points and closed at 76,348.06. How will the market perform today? Let’s find out some break-out stocks that can give good returns.
Stocks to Watch Today by Ankush Bajaj
According to Ankush Bajaj, Director of Alfa Fineducon Pvt Ltd, Investors are showing confidence in the ongoing rally. No major pullback was there, but positive sentiments made multiple sector stocks to gain more. Here’s the list of a few stocks that can break out today. The entry price, selling price, and stop loss is also given below.
Stocks to buy Today by Ankush Bajaj
1. State Bank of India: The first recommendation of the day is SBI. These shares can be bought at Rs 753 and target price for selling will be Rs 778 to Rs 785. Do remember to keep a stop loss at Rs 744.
2. Steel Authority of India: Another good stock to purchase today is SAIL. These shares can be purchased at Rs 115.30 and target for selling will be at Rs 124 to Rs 128. Investors are also advised to keep a stop loss at Rs 110.
3. Ambuja Cement: The last recommendation for today is Ambuja Cement. According to Ankush Bajaj, these shares can be purchased at Rs 514.50 and the target for selling out will be Rs 535 to Rs 554. Also, remember to keep a stop loss at Rs 502.50.
All the information given above is for informational purposes only and they are individual analyst’s views. Investors are advised to consult their certified analyst or expert before making any investment-related decision.
