India VIX, a measure of volatility in Nifty, was at 13.13 on Friday, down 6.55%.
For today, analyst Rupak De, LKP Securities said that the prevailing sentiment appears strongly in favor of the bulls, as indicated by the absence of any reversal signals on the technical charts. Resistance is observed at 21,500, while a potential further rally in the Nifty could occur upon breaching this level, he said, adding that the support is currently positioned at 21,300.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Aakash K Hindocha, Assistant Vice President, Research told ETBureau
Ambuja Cements: Buy | Target: Rs 557 | Stop Loss: Rs 502 | Last Close: Rs 522
Indian Oil Corporation (IOC): Buy | Target: Rs 132.50 | Stop Loss: Rs 119.50 | Last Close: Rs 123.80
Glenmark Pharma: Buy | Target: Rs 883 | Stop Loss: Rs 796 | Last Close: Rs 825
Tata Steel: Buy | Target: Rs 146 | Stop Loss: Rs 131.75 | Last Close: Rs 136.50
Expert: Nooresh Merani, an independent technical analyst told ETNow
ONGC: Buy | Target Rs 220 | Stop Loss Rs 196
Federal Bank: Buy | Target Rs 175 | Stop Loss Rs 152
Expert: Kunal Bothra, Market Expert told ETNow
Tata Motors: Buy | Target Rs 780 | Stop Loss Rs 710
SBI: Buy | Target Rs 680 | Stop Loss Rs 625
Amber Enterprises: Buy | Target Rs 3,500 | Stop Loss Rs 3,200
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)