Nifty on Monday ended 166 points lower to close below the twenty DMA and form a lower top on the daily charts. This signalled a diminishing bullish sentiment as a long bear candle was maintained on the charts.
The momentum indicator has aligned with this outlook and displays a crossover. Nifty can remain in sell-on-rise mode possibly as long as it remains below 21,850. The downside is the support is situated at 21,500 as said by Rupak De of LKP Securities.
The top five shares you can buy today are as follows: Apollo Hospital, Zomato, NCC, Bank of Baroda, Power Finance Co.
Apollo Hospital
- Purchase- Rs. 6437
- Target- Rs. 6598
- Stop loss- Rs. 6276
Apollo Hospitals is famous for its treatments and good attention to patients. The company has a total of Rs. 6524.80 Cr of Operating Revenue for the financial year as ended on 31st of March 23 along with the Equity Capital of Rs. 71.90 Cr. Apollo Hospital Enterprise Ltd. is a public limited listed company registered with Tamil Nadu, India.
Zomato
- Purchase- Rs. 149.50
- Target- Rs. 156
- Stop loss- Rs. 143
Zomato is involved in Other information Service business activities with a total revenue of operations as of 31st of March 2023 of Rs. 4707.40 Cr and an Equity Capital of Rs. 836.40 Cr. It is a private limited company listed with the govt. And incorporated on 18/01/2010. The company has its registered office in Delhi, India.
NCC
- Purchase- Rs 225
- Target-Rs 237
- Stop loss- Rs 213
NCC is a Construction and maintenance of water main and line connection company which also is included in business activities of water reservoirs including irrigation systems. The total Operating revenue of the company is Rs. 13351.32 Cr as for the financial year ended on 31st of March 2023. The company was incorporated in the vt. ltd list as of 22/3/1990 and has its headquarters in Telangana, India.
Bank of Baroda
- Purchase- Rs 264
- Target- Rs 272
- Stop loss- Rs 256
Bank of Baroda is a very famous bank in the industry of finance. It is a public sector bank that has its Total Operating Revenue and Equity Capital at Rs. 75983.66 Cr and Rs. 925.37 Cr respectively for the financial year of 2023. It was incorporated on 2/3/1911 and has its headquarters in Maharashtra, India.
Power Finance Co.
- Purchase- Rs. 428
- Target- Rs 421
- Stop loss- Rs. 435
Power Finance Co. is involved in the other credit granting with a total of Rs. 39651.75 Cr of Total Operating Revenue and Rs. 2640.08 of Equity Capital for the financial year of 1013. It is a public ltd. listed company with its headquarters in Delhi, India. It was incorporated on 16/7/1986.
