Indian market closed a 2-day losing streak on Tuesday to close in the positive territory. The S&P BSE Sensex closed with gains of nearly 300 points while the Nifty50 closed above 17,500 levels.

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Sectorally, the action was seen in realty, IT, metals, telecom, and oil & gas while profit booking was seen in utilities, power, auto, and banks.

India VIX fell by over 5 per cent from 17.49 to 16.52 levels. Spurt in India VIX in the last few sessions has given a volatile swing.

Stocks that were in focus include HUL rose 0.49 per cent, NDTV rose nearly 10 percent, and Bajaj Finance closed with gains of nearly 5 percent.

Here's what Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today:

HUL: Book Profits

Despite trading in the uncharted territories, this counter witnessed profit booking from the lifetime highs of 2859 levels that resulted in a long upper shadow with the Shooting Star kind of formation.

Hence, in the next trading session, if this counter registers a close below 2800 level then it can initially head towards 2700.

However, if it manages a close above 2859 levels then based on the recent breakout from its 68-week ascending channel a higher target of 3040 can be projected.

Nevertheless, considering the weak price action of the last session, traders are advised to book profits and buy back only on a close above 2860 levels.

NDTV: Hold with a stop below 80

This counter seems to be positioning itself for a breakout from the sideways consolidation zone placed between 86 – 66 levels on weekly charts.

Hence, if it manages to consistently trade above 87 levels then a higher target of 106 can be expected based on the current trading range.

However, any profit booking into the zone of 83 – 80 can be considered as an opportunity to create fresh long positions whereas existing investors can continue to hold with a stop below 80 on a closing basis.

Bajaj Finance: Hold with a stop below 7400

This counter appears to have resumed its up move after a brief pause of 13 trading sessions with narrow trading ranges.

Interestingly, at last Monday’s low of 7320 levels, it tested the erstwhile resistance point of an ascending channel from which it registered a breakout couple of sessions back and bounced back hinting the resumption of up move.

Hence, sustaining above 7400 levels, one can expect a higher target of 7900. Therefore, existing investors are advised to hold with a stop below 7400 and look for a higher target of 8100.  

(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.)