M&M, Central Bank, Solara: Trading strategies for buzzing stocks of the day

These five stocks were are trading with strong gains on Wednesday despite the nervouss undertone in the broader market ahead of US Fed rate decision later tonight.

Even as the benchmark indices, the Sensex and the Nifty, exhibited nervousness ahead of the key US Federal Reserve meeting later tonight, select stocks continue to hog limelight in trades on Wednesday.

Among individual stocks, Central Bank of India, Mahindra & Mahindra, Solara Active Pharma Sciences and RHI MAGNESITA INDIA rallied 5 to 7 per cent each. Whereas, the benchmark indices were down around 0.3 per cent each.
 

Amid the current uncertainty, here’s the technical outlook of top buzzing stocks of the day:-

Mahindra & Mahindra Ltd (M&M)

Likely target: Rs 1,500

Upside potential:  15%

The stock has witnessed one of its