2020欧洲杯投注开户The reason behind cut in price target is that earnings are expected to get impacted by lockdown due to novel coronavirus.
Mitesh Thakkar of miteshthakkar.com recommends buying Ashok Leyland with a stop loss of Rs 41.5, target at Rs 45 and Bharat Forge with a stop loss of Rs 279, target at Rs 294.
2020欧洲杯投注开户Nifty Bank index has lost around 3 percent from the previous week and is trading just below 20,000-mark.
Positional traders should consider booking profits at around 8,900, says Mazhar Mohammad.
2020欧洲杯投注开户Mitesh Thakkar of miteshthakkar.com recommends buying HDFC with a stop loss of Rs 1,604, target of Rs 1,700 and Larsen & Toubro with a stop loss of Rs 739, target of Rs 785.
On March 25, the Indian benchmark index witnessed sharp short-covering majorly due to an extremely oversold oscillator and hope of an economic stimulus package to soften the blow from the lockdown.
2020欧洲杯投注开户Traders with a high-risk appetite are advised to make use of dip into 8,000–7,900 zone to create fresh long positions.
As the situation remains uncertain, the sector is likely to remain under pressure over short to medium term, says Edelweiss.
IRCTC is debt free with cash balance of Rs 1,160 crore as of December 2019. Thus, it can tide over current crisis without leveraging the balance sheet, the brokerage feels.
BSE Sensex shed 37 percent from its record high of 42273.87 touched on January 20, 2020.
2020欧洲杯投注开户As far as levels are concerned, 8,000-8,100 levels are key resistance levels for the Nifty which should cap any sharp upside.
2020欧洲杯投注开户Consolidation can be expected if the Nifty sustains above 7,511 in the next trading session, says Mazhar Mohammad.
2020欧洲杯投注开户The steep fall in oil price is definitely positive not only for India which imports around 85 percent of requirement, but also companies which use as their raw material in any form.
2020欧洲杯投注开户Mitesh Thakkar of miteshthakkar.com recommends buying HDFC Life with a stop loss of Rs 335, target at Rs 364 and Kotak Mahindra Bank with a stop loss of Rs 1,078, target at Rs 1,145.
As of now, there is no sign of reversal and thus traders should refrain bottom fishing in this market.
2020欧洲杯投注开户Given the sharp fall in stock prices across sectors, most experts advised accumulating quality and fundamentally strong scrips with a long term perspective.
The short positions in futures can be initiated along with short positions in 7000 PE in the ratio of 1:4. Apart from it, long position in 8800 CE can be taken to cap the upside risk.
One relief rally in Bank Nifty towards 25,000 levels cannot be ruled out. Conversely, the confirmation of short-term reversal will be seen on a daily close above 22,500.
Mitesh Thakkar of miteshthakkar.com recommends selling Hindustan Unilever with a stop loss of Rs 2072 for target of Rs 1990 and Maruti Suzuki with a stop loss of Rs 5200 for target of Rs 4800.
2020欧洲杯投注开户We advise you to stay calm and light in such a market scenario, or better to be with Option spread or strategy rather than looking for a naked position.
2020欧洲杯投注开户We recommend buying ITC Limited (ITC) around Rs 165-160 levels with a stop loss of Rs 145 for higher targets of Rs 199.
Traders should wait for at least one more positive close before considering short-term positions on long side, Mazhar Mohammad says.
2020欧洲杯投注开户ICICI Direct believes one should select strong balance sheet companies with low leverage and higher cash flows during these turbulent times.
Ashwani Gujral of ashwanigujral.com recommends buying ITC with a stop loss of Rs 157, target of Rs 172 and Bharti Airtel with a stop loss of Rs 436, target of Rs 460.
With regard to the intermediate levels, 7,800 followed by 7,500 could be the next supports for Nifty
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