Stocks to Buy: For today, Vaishali Parekh, Vice President, Technical Research at Prabhudas Lilladher has recommended three stocks to buy: Havells India Ltd., Century Plyboards (I) Ltd., and Indigene Ltd. On the other hand, Sumit Bagadia, Executive Director, Choice Broking has recommended two stocks for Monday, while Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi has recommended 3 stocks. These include Marico Limited, AMI Organics Limited, HDFC Life Insurance Company Limited, Reliance Industries Limited, Larsen & Toubro Limited.
Sumit Bagadia’s shares
Marico Limited: Buy Marico Limited at Rs 709 with a target of Rs 751.54. Do not forget to place a stop loss at Rs 687.73.
AMI Organics Limited: Buy AMI Organics Limited at Rs 1631.3 with a stop loss of Rs 1580 for a target of Rs 1725.
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Ganesh Dongre’s Choice Stocks
HDFC Life: Buy it at around Rs 711 with a stop loss of Rs 695 for a target of Rs 735.
Reliance Industries Limited: Buy Reliance Industries Limited at Rs 2970 for a target price of Rs 3040. Don’t forget to place a stop loss at Rs 2900.
Larsen & Toubro Limited: Buy Larsen & Toubro Limited at Rs 3795, target Rs 3950 and stop loss at Rs 3700.
Vaishali Parekh’s Shares
Havells India Limited (Havells): Buy at Rs 2,048, target Rs 2,150. Do not forget to place a stop loss of Rs 2,000.
Century Plyboards (I) Ltd: Buy this stock today at Rs 895. Keep a target of Rs 940 and keep a stop loss at Rs 870.
Indegene Limited (INDGN): Buy at Rs 662; target Rs 700 and stop loss at Rs 648.
How will the market move
Indian stock market benchmark indices Sensex and Nifty-50 rose more than one percent each and reached new record highs in the morning session on Friday. Nifty 50 closed 1.48 percent higher at 25,790.95 points on Friday. At the same time, the BSE Sensex closed 1.63 percent higher at 84,544.31 points.
What will Nifty and Bank Nifty do today: Vaishali Parekh said that Nifty indicated a big move after a short period of consolidation to gain strength. Nifty crossed the 25,800 zone, which is making the sentiments very better. Parekh estimates that the Nifty 50 spot index will find support at 25,650 points and face resistance at the level of 26,000. The Bank Nifty index is likely to remain between 53,600 and 54,400 today.
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own and not of . Investing in the stock market is subject to risks and consult your advisor before investing.)
