The Sensex and Nifty 50, two key domestic equity indices, closed Tuesday’s trading session higher. The 30-share BSE Sensex closed at 72,186.09, up 454.67 points or 0.63%, while the Nifty 50 closed at 21,929.40, up 0.72%, or 157.70 points. Nifty had a strong start to the day and continued to rise throughout the session, closing at 21929, close to the day’s high with gains of 158 points (+0.7%). The larger market finished higher, with Midcap100 and Smallcap100 up 1.2% and 0.8%, respectively. Every sector ended out ahead, with the exception of banks and FMCG. The leading gainers, up 3%, were IT and oil and gas. BLS e-services made a splash when it went public, listing at an increase of 129% and closing at a profit of 175% above the IPO price.
Experts in the stock market suggested buying or selling these 5 stocks today:
1- Zensar Tech
Buy- ₹592
Target- ₹620
Stop loss- ₹582
After a brief period of consolidation, the stock showed a respectable bullish candle structure on the daily chart, gaining support from the important 50EMA level of 564 and strengthening the bias to expect more gains in the upcoming session. We anticipate reaching the initial goal of the 620 level while maintaining the stop loss of 582 because the RSI is positioned properly.
2- Poonawalla Fincorp:
Buy- ₹488.55
Target- ₹512
Stop loss- ₹480
We expect the stock to continue its positive move towards the initial target of 512, with a stop loss of 480. The stock has shown a higher low formation pattern on the daily chart, with a decent pullback observed to strengthen the outlook and also with the RSI showing a trend reversal to signal a buy.
3- Petronet LNG:
Buy- ₹290-292
Target- ₹310
Stop loss- ₹280
With a bullish candlestick and a breakout from a resistance zone on the daily timeframe, Petronet LNG is recommended to be purchased with a target price of Rs. 310. On a daily closing basis, one can start buying on a dip in the 290–292 zone with a stop loss below 280.
4- MRPL:
Buy- ₹194
Target- ₹204
Stop loss ₹188
The stock has a positive reversal pattern in the short term trend; technically, a retrenchment might occur up to 204. Therefore, if the trader holds the support level of 188, the stock may short-term bounce toward 204. The trader can go long with a stop loss of 188 for the target price of 204.
5- DCX Systems Ltd
Buy- ₹356.95
Target- ₹372
Stop loss- ₹350
The stock has held onto its strong support around the 338 levels, and following a brief period of consolidation, it showed a positive candle formation pattern on the daily chart, indicating strength and pointing to potential further gains. We advise buying this stock with an initial upside objective of 372 and a stop loss of 350, since the RSI has also signaled a buy and a trend reversal.
Despite these suggestions, we urge investors to consult with licensed professionals before to making any financial decisions.
