Key Points
They suggest stocks such as Oracle Finance, HDFC Life, Marico, Pidilite, ICICI Bank, Maruti, Cipla, Sun Pharma, Larsen & Toubro, PNB, HAL, and Dixon could continue to attract significant buying interest...
On the higher end, finding resistance is challenging in uncharted territory, though 22,600-22,650 could be seen as the next possible levels for Nifty in the upcoming week...
While the past week has witnessed Nifty marking a fresh all-time high above 22,500 levels, analysis of market breadth reveals that 72% of Nifty constituents are trading above their 20-day EMA levels, indicating robust momentum..
Weekly options data coupled with cooling off in India VIX from higher levels suggests possible consolidation with a positive bias for Nifty within the 22,200-22,850 range for the upcoming week...
On the mid-cap front, stocks like Astral, Bank of Baroda, Bank of India, PNB, HAL, Dixon, ICICI Pru, SRF, Shriram Finance could continue to witness strong buying interest..
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16, Apr, 23Buy or sell stocks: Anuj Gupta of IIFL Securities has recommended 5 stocks to buy on Monday — Coal India, Tata Steel, State Bank of India, ONGC, Powergrid
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Nifty Bank falls over 1%; immediate support placed around 47,000: Experts
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