Stocks worth buying today: Trader alert! This is Rs. Possibility of profit from 98 shares..
Domestic stock markets ended the trading session with gains on Monday. BSE Sensex closed at 77,073, up 454 points. Nifty50 closed the session up 142 points at 23,345. Bank Nifty rose 810 points to 49,350.
“The level of 23,170 acts as a key support zone for the benchmark Nifty-50 index. If it continues beyond this level, it may move back to 23,450-23,500,” said Shrikant Chauhan, head of equity research at Kotak Securities. However, Chauhan clarified that if it falls below 23,170, the bullish trend will weaken.
FII..DII..
In Monday’s trading session, FIIs traded at Rs. Shares worth Rs 4336.54 crore were sold. Whereas DII Rs. Shares worth Rs 4321.96 crore were purchased.
In the month of January, FIIs have so far invested Rs. Shares worth Rs 50,912.6 crore were sold. Whereas DII Rs. Shares worth Rs 53,689.1 crore were purchased.
Domestic stock markets are likely to have a flat start to the trading session on Tuesday. The reason for this is that Gift Nifty is up by about 10 points.
American stock market
US stock markets are closed on Monday due to Martin Luther King Day. Meanwhile, US stock futures continued to gain modestly following Trump’s comments and signing of executive orders following his inauguration.
Asian stock markets continued to rise in Tuesday’s trading session.
Stock to buy..
- Stovecraft – From Rs. 937.2, stop loss Rs. 900, target Rs. 1000
- Tanfac Industries – Buy Rs. 3,283.55, stop loss Rs. Rs 3,170, target. 3,500
- PB Fintech – Buy Rs. 1,749, stop loss Rs. 1,700, target Rs. 1,800
- Canara Bank – Rs. 101, stop loss Rs. 98, target Rs. 107
- Indus Tower – Rs. 375, stop loss Rs. 365, target Rs. 390
Breakout stocks to buy..
Garden Reach Shipbuilders and Engineers Ltd (GRSE): Buy at Rs 1,591.55. Target Rs 1,703, Stop Loss Rs 1,535.
Shyam Metallics & Energy Limited (SHYAMMETL): Can be bought for Rs 804.60. Target Rs 861. Stop loss is Rs 776.
Bharat Dynamics Limited (BDL): Can be bought for Rs 1,329.25. Target Rs 1,422, Stop Loss Rs 1,283.
Indigen Limited (INDGN): Buy at Rs 673.75. Target Rs 721. Stop loss is Rs 650.
Jammu & Kashmir Bank Ltd (J&KBI): Buy at Rs 97.96; Target Rs 105, stop loss at Rs 94.
(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.)
