Stocks to buy today: Time for Airtel and Wipro shares! These are the share price targets..

Stocks to buy today: Time for Airtel and Wipro shares! These are the share price targets..

There was a decline in domestic stock markets in Friday’s trading session. BSE Sensex fell 241 points to close at 77,379. At the end of the session, Nifty 50 fell 95 points and closed at 23,431. Bank Nifty fell 769 points to 48,734.

“23,600 is a key level for Nifty 50 in the short term. With a pullback rally above this it can go up to 2380. At the same time, if the market falls below 23350 then selling pressure may increase. Amol Athawale, VP-Technical Research, Kotak Securities, said Nifty 50 is likely to touch 23250-23100 range.

FII..DII..

In Friday’s trading session, FIIs traded at Rs. Shares worth Rs 2254.68 crore were sold. Whereas DII Rs. Shares worth Rs 3961.92 crore were purchased.

In the month of January, FIIs have so far invested Rs. Shares worth Rs 21,357.46 crore were sold. Whereas DII Rs. Shares worth Rs 24215.87 crore were purchased.

The trading session is likely to start with a heavy fall in the domestic stock markets on Monday. The reason for this is that Gift Nifty is at a loss of about 160 points.

American stock market

US stock markets ended the trading session with heavy losses on Friday as US jobs data came in positive beyond expectations. The Dow Jones fell 1.63. The S&P 500 fell 1.54 percent. Tech index Nasdaq fell 1.63 percent.

The decline in Asian stock markets continued in Monday’s trading session.

Stock to buy..

Airtel – From Rs. 1615.9, stop loss Rs. Target Rs 1559. 1729

Buy LTI Mind Tree – Rs. 6124.4, stop loss Rs. Target Rs 5910. 6553

Wipro- From Rs. 300, stop loss Rs. 280, target Rs. 330

IRCTC- From Rs. 780, stop loss Rs. Rs 760, Target. 805

BirlaSoft – From Rs. 552, stop loss Rs. 530, target Rs. 580

Breakout stocks to buy..

RBM Infracon: Buy at Rs 643, target Rs 680, stop loss Rs 620;

Ramakrishna Forgings: Rs957.10, target Rs1020, stop loss Rs920;

Medico Remedies: Buy at Rs 63.14, target Rs 68, stop loss Rs 60;

UNO Minda: Buy at Rs 1097.65, target Rs 1155, stop loss Rs 1065; And

Precall: Buy at Rs 559.30, target Rs 595, stop loss Rs 540.

(Note:- These are only experts’ opinions. Hindustan Times Telugu has nothing to do with it. Traders should do their own analysis before placing any trade.)


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