Indian market snapped 4-day losing streak and closed in the green on Monday. The S&P BSE Sensex rallied by more than 500 points while the Nifty50 closed above 17600. 
 
Sectorally, buying was seen in metals, power, realty, and industrials, while mild selling pressure was seen in industrials. 
 
Stocks that were in focus include Divi’s Laboratories that rose over 8 per cent, Astral was up more than 6 per cent, and Solar Industries closed with gains of over 10 percent. All stocks hit a fresh 52-week high on Monday. 
 

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Here's what Jatin Gohil, Technical Analyst at Reliance Securities, recommends investors should do with these stocks when the market resumes trading today: 
 
Divi’s Laboratories: Buy at current levels 
 
After witnessing a reversal from higher levels, the stock took support around its upward sloping 20-week EMA. The stock respected the moving average and resumed its northward journey. 
 
On 4th of Oct’21, the stock witnessed price volume action and recorded a new high of Rs5,315.50. A rise in the future open interest signals that major participants are in favour of the bulls. 
 
The stock has the potential to move towards Rs6,000 in the medium term. A fresh long position can be initiated at the current juncture and on dips towards Rs5,050 for a probable up-move. 
 
In case of decline, its 20-week EMA will continue to work as strong support, which is currently placed at around Rs4,742. 
 
Astral: Buy at current levels  

On the 1st of Oct’21, the stock gave a breakout from a narrow range of consolidation (Rs2,150-2,025) and extended gain subsequently. 
 
Due to the follow-up move the stock managed to record a new high of Rs2,415 on 4th of Oct’21. The volumes rose to a 6-month high and future open interest (OI) increased by 50 per cent. 
 
The key technical indicators are positively poised on short-term as well as medium-term timeframe charts. As per the current set-up, the stock will keep exploring uncharted territory. 
 
This could take the stock towards Rs2,800 initially and Rs3,000 subsequently. 
 
A fresh long position can be initiated at the current juncture and on dips towards Rs2,280 for a probable up-move. In case of decline, the stock will find support at around Rs 2,000. 

Solar Industries: Partial profit-booking 
 
Since May’21, the stock ended the month on a positive note and reported a gain of 98 per cent so far. The key moving averages are sloping upwards on short-term and medium-term timeframe charts. 
 
Its major technical indicators are positively poised, but placed at around their bull market overbought zone. 
 
Though the overall trend is bullish, risk-reward is not favorable for a fresh long position at this juncture. Historically, the stock slipped into a time-wise correction zone after such a sharp rise. 
 
Partial profit booking is advised for existing long positions. As we believe that undergoing positive momentum may continue for the short term. 
 
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)