The Nifty opened on a positive note and hit fresh all-time high on the back of gains in technology, oil & gas and auto sectors. The market is likely to take cues from the Reserve Bank of India's policy meet today. According to analysts, the central bank is likely to maintain status quo on interest rates.
"The sprinting indices don't seem to be running out of steam. New highs everyday is become the norm and investors may wonder if they are getting fooled into some market illusion. Prudence suggests that the rally is here to stay and a tactical mix in portfolio should hedge you against some short-term jitters if any," said IIFL report.
"Select stocks have rallied consistently and participation from mid-caps is on the rise. A churning in portfolio is likely as sectors fall in and out of favour especially with the rupee strengthening in recent times. The outlook is a positive start.
2 Days Free Trial :-
‘BUY’ Hindustan Zinc Ltd with a target of Rs 135 and a stop loss of Rs 125.
‘BUY’ Hindustan Zinc Ltd with a target of Rs 141 and a stop loss of Rs 124.
‘BUY’ Indiabulls Real Estate Ltd with a target of Rs 63 and a stop loss of Rs 51.
‘BUY’ Bajaj Finserve Ltd with a target of Rs 845 and a stop loss of Rs 754.
‘BUY’ Aban Offshore Ltd with a target of Rs 565 and a stop loss of Rs 519.
"The sprinting indices don't seem to be running out of steam. New highs everyday is become the norm and investors may wonder if they are getting fooled into some market illusion. Prudence suggests that the rally is here to stay and a tactical mix in portfolio should hedge you against some short-term jitters if any," said IIFL report.
"Select stocks have rallied consistently and participation from mid-caps is on the rise. A churning in portfolio is likely as sectors fall in and out of favour especially with the rupee strengthening in recent times. The outlook is a positive start.
2 Days Free Trial :-
‘BUY’ Hindustan Zinc Ltd with a target of Rs 135 and a stop loss of Rs 125.
‘BUY’ Hindustan Zinc Ltd with a target of Rs 141 and a stop loss of Rs 124.
‘BUY’ Indiabulls Real Estate Ltd with a target of Rs 63 and a stop loss of Rs 51.
‘BUY’ Bajaj Finserve Ltd with a target of Rs 845 and a stop loss of Rs 754.
‘BUY’ Aban Offshore Ltd with a target of Rs 565 and a stop loss of Rs 519.
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