equity benchmark Sensex Banking majors such as ICICI Bank, Axis Bank jumped 145 points to 60,967 on Monday amid gains and losses in auto and IT stocks. ICICI Bank led the rally by hitting new highs in Monday’s session after posting decent earnings for the second quarter.
After showing weakness in the last four sessions, the Nifty showed higher volatility on Monday and closed the day at 18,125, up 10 points. in between, midcap index The trouble continued for the fifth consecutive season. The Nifty Midcap index fell 1.7%, while the Smallcap index fell 3%.
Trade View on NSE Nifty
“Short term trend of Nifty is limited with slight positive bias. After slowing down momentum and holding at key supports, an upside move from lower levels can be expected. Any failure to sustain an uptrend or a decisive move below the 17950-17900 level could lead to an extension of sharp weakness in the near term. Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Confirmation of a positive close could lead to a rally in the market.
stocks to buy today
Sumeet Bagdia, Executive Director, Choice Broking
ONGC: Buy ONGC, Stop Loss 155, Target 170
Canara Bank: Buy Can Bank, Stop Loss ₹195, target 210-215
Mudit Goyal, Senior Research Analyst at SMC Global Securities
City Union Bank: Buy the Cubs, Target ₹183, stop loss ₹173
Ravi Singhal, Vice Chairman, GCL Securities Ltd.
ONGC: Buy Here ₹161, target ₹170, stop loss ₹157
Ravi Singh, Head of Research and Vice President, ShareIndia
ONGC: Buy Here ₹160, target ₹168, stop loss ₹158
IGPL: BUY HERE ₹850, target ₹880, stop loss ₹840
Manoj Dalmiya, Founder & Director – Proficient Equities Ltd.
Bank Of Baroda: Buy Here ₹96.50, target ₹102, stop loss ₹94
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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