Volatility was seen in the market today. Nifty and Sensex closed with slight gains. Talking about F&O setup, long build up was seen in shares of Koforge, Persistent Systems, KEI Industries, UltraTech Cement and Pidilite. Whereas short covering was seen in shares of Birlasoft, Oracle Financial, Coromandel International, Dixon Technologies and M&M Financial. While short build up was seen in AU Small Finance Bank, BPCL, HUDCO, HPCL and Kalyan Jewellers. But long unwinding was seen in Indiamart, Kotak Mahindra Bank, City Union Bank, Vedanta and HCL Tech. At the same time, before the market closes, for short term earning, leading experts advised to bet in the shares of UPL, Maruti Suzuki, Samvardhana Motherson and SRF. Know who gave how much target price-
Prabhudas Lilladher’s cheaper option for Shilpa Raut: UPL
Shilpa Raut of Prabhudas Lilladher said that there will be earnings on buying calls with January expiry in UPL stock. He said that its call with strike of 560 should be bought around Rs 7.10. In this, targets of up to Rs 11/14 will be seen in a few days. However, he also said that stoploss should be set at the level of Rs 3.
Tradebulls’ Sachchitanand Uttekar F&O Superstar Share: Maruti Suzuki Future
Sachchitanand Uttekar of Tradebulls advised to buy Maruti Suzuki stock from F&O segment before market close. He said that a target of Rs 12240 can be seen in this stock. He said that buying should be done at the level of Rs 12012 with stop loss at the level of Rs 11960.
Technical View: Nifty closed above 23,200 with gains, rangebound action expected in the next session.
Prashant Sawant of Catalyst Wealth shares the miracle of the chart: Samvardhana Motherson
Prashant Sawant of Catalyst Wealth bets on Samvardhana Motherson as the stock that will perform chart miracles for today. He said that one can buy it at the level of Rs 145. Put stoploss at the level of Rs 138. This stock can go up to the level of Rs 155.
JM Financial’s Ashish Chaturmohta’s Midcap Funda Stock: SRF
Ashish Chaturmohta of JM Financial, while describing midcap funda stock, said that today SRF stock should be bought at the level of Rs 2598. He said that a good upside target can be seen in the medium to long term.
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