Nifty Call: What stock market experts are advising investors - Check stop loss and target
Nifty Call: Stock market experts are advising investors to 'buy Nifty Call' with a stop loss of 50 points below the current levels for the next target of 11,200.
Nifty Call: After opening on the first trading day of the week, the Indian stock markets have shown some fresh upside momentum on positive global cues, especially after the new developments in the China-US trade talks. The 50-stock Nifty regained the psychological 11,000 levels and seems to have sustained above the 10,980-11,000 resistance. The stock market experts are advising investors to 'buy Nifty Call' with a stop loss of 50 points below the current levels means at around 10,950 for the next target of 11,200. They are of the opinion the Reliance Industries or RIL, HDFC Bank, ICICI Bank, Hero MotoCorp, Bajaj Auto, Maruti Suzuki Ltd, L&T, etc. would be the major stocks that would fuel further upside momentum at Nifty index.
Speaking on the Nifty Call outlook SEBI registered technical equity analyst Simi Bhaumik said, "If the Nifty closes above the 11,000 levels and opens above this levels in tomorrow's opening bell session, then we can expect around 200 points upside swing at Nifty Call." Bhaumik said that stocks like Reliance Industries or RIL, L&T, HDFC Bank would be the major stocks that will pull Nifty upside. Apart from that, she said that auto sector stocks like hero MotoCorp and Bajaj Auto stocks are expected to outperform other Nifty-stocks. She said that metal stocks are also expected to perform better at various Indian indices including Nifty.
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Expecting bullish trend at Nifty Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "Today's close means a lot for the stock market investors. If the Nifty closes above 11,000 then the Nifty Call is an absolute buy for the next 150 to 200 points." On stocks that will pull Nifty in coming days, Taparia of Motilal Oswal said, "Reliance Industries, ICICI Bank, L&T, Bajaj Auto Bajaj Cement etc. stocks are expected to fule upside momentum at Nifty-50 index."