Stocks to watch on June 19, 2023: From Tata Steel to NMDC, here are the top stocks to watch in Monday's trading session
Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.
The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each
Select hotel stocks may rise up to 20 per cent in coming sessions, as per the technical charts
On Wednesday, shares of Cera Sanitaryware, Jindal Stainless, Siemens, and Triveni Turbine recorded new all-time highs, despite weak market
The overall trend in the IT stocks have remained laggard and continues to bear high risk element.
The derivative analyst from HDFC Securities recommends buying Hero MotoCorp 2750 Call and simultaneously selling 2800 Call of the November series.
As we enter Samvat 2079, analysts believe that the domestic market's outperformance against global peers will sustain as fundamentals and profitability of Indian corporate improves
The technical analyst from HDFC Securities recommends buying Action Construction Equipment and Bandhan Bank.
Overall, the Nifty IT index has declined 19 per cent from its historic peak of 39,446 recorded in early January, 2022. Charts indicate 31,000 to 30,000 as the accumulation range for the index.
Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.
The derivative analyst from HDFC Securities recommends buying Bandhan Bank April 360 Call and simultaneously selling 360 Call.
Bharti Airtel needs to overcome its resistance at Rs 780 for further upside; MTNL, Voda Idea can zoom up to 30%
The technical analyst from HDFC Securities expects the Nifty to find support around 17,450-odd levels.
It would be advisable to trade longs with trailing stop loss. Support for the index is seen at 15,800.
The derivative analyst from HDFC Securities recommends buying CHAMBAL FERT March 400 CALL at Rs 13.50 & simultaneously selling 420 CALL at Rs 7.50.
Since the last couple of months, HAVELLS INDIA has corrected by almost 26 per cent from the top and is now hovering near 1200-mark
The technical analyst expects the overall trend for the market to remain choppy, with the NSE Nifty likely to face resistance around 17,639 and 17,794.
Infra related stocks can easily see a jump of 10 per cent in quick time
With the exception of SAIL, other PSU stocks could breakout upon any positive news in the sector