Buy, Sell or Hold: What should investors do with Apollo Hospitals, KPIT Technologies and Birlasoft?

The Indian markets fell for the third consecutive day in a row on Thursday, pushing benchmark indices below the crucial support levels.

The S&P BSE Sensex fell over 400 points below 60,000, while the Nifty50 broke below 17800 levels in intraday trade.

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But few stocks hit a fresh 52-week high in the previous trading session, and could be a good buy on dip stock.

Here's what Ashish Chaturmohta, Director Research, Sanctum Wealth, recommends investors should do with these stocks in trade today:

Apollo Hospitals: Buy

Post the results last week, the stock is seeing buying interest. It has given a strong breakout above the previous high 5198 with high volumes and open interest addition.

Now, the next resistance level is seen at 6000 and 6250, while the support is at 5400.

KPIT Technologies: Buy on dips

After almost 3 months of consolidations between 385 and 300-odd levels, the stock has seen a breakout. The breakout was accompanied by high volumes indicating participation in the stock and resumed its uptrend.

Now, the stock has seen a sharp rally and may see some consolidation before moving towards next resistance level 560. Support is seen at 430-420 levels.

Birlasoft: Buy

The stock had been consolidating for the last 5 months between 450 and 380 odd levels. It has seen a breakout on the upside and started a new uptrend.

Volumes have been high and long open interest in the futures segment, indicating participation in the stock. Now next resistance is seen at 505 and 550, while a breakout level of 450 will act as support.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)