Indian stock markets are on a streak of 10 days on Wednesdays in bullish movement. But the good news is Nifty 50 index is up by 254 points and closed at 22,337 yesterday. This boosts investor confidence. On the other hand, BSE Sensex also jumped by 740 points and closed at 73,730.
Many shares were seen with a green upward movement. Some of thems are Bharti Airtel which gained 2.7%, and Adani Ports & Special Economic Zone Ltd saw a jump of 5.2% in share price. What are the stocks that can breakout today? Let’s find out expert recommendations.
Stocks to Buy Today by Vaishali Parekh
Vaishali Parekh, Vice President, of Technical Research at Prabhudas Liladher thinks Indian Stock Market has improved after a bounce back by frontline and other indices. What are the stocks that could perform well today? Let’s check her recommendation with the entry price, selling price, and stop loss.
Stock Recommendation by Vaishali Parekh
1. IRFC Shares: According to Vaishali Parekh, IRFC can be purchased at Rs 117.70 with a target price of Rs 125. Do remember to keep a stop loss at Rs 114.
2. SAIL: The second stock on the recommendation list is SAIL. These shares could be purchased at Rs 112.50 and target for selling is at Rs 118. Also, remember to keep a stop loss at Rs 110.
3. Union Bank of India: If you are interested in banking shares then you can purchase UBI Shares today at Rs 115.90 and aim for selling price of Rs 123. There should be a stop loss at Rs 112.
Do remember, all the information mentioned above are for information purpose only. Investors are advised to consult their certified analyst or expert before making any investment related decisions.
