Midcap Mantra:- Today, on the first day of the new year, after the initial weakness in the market, now there is a rise in the market. Sensex and Nifty were seen trading in the green with gains. Shares of L&T, HDFC Bank, M&M, Reliance were among the rising stocks in Nifty. Whereas the falling shares included shares of Bajaj Auto, Hindalco, SBI and NTPC. Talking about Nifty Bank, shares of ICICI Bank, Axis Bank and IndusInd Bank were seen in the green. While SBI, Federal Bank, PNB and Bank of Baroda were seen trading in the red. Meanwhile, in CNBC-Awaaz’s Midcap Mantra show today, Rupak Dey of LKP Securities gave his opinion on the market along with some good stocks to trade in the moving market and to bet till the market closing.
Opinion of Rupak Dey of LKP Securities on Nifty
Giving his opinion on Nifty, Rupak Dey of LKP Securities said that a positive move is visible in the market. He said that this is likely to continue further. He said that Nifty may get support from Reliance, HDFC Bank, ICICI Bank due to which movement may be seen in it. There are chances for Nifty to rise but currently it is trading below 200 DEMA. At present the immediate resistance in Nifty is seen around 23900. If Nifty breaks it and stays above it, a significant rally can be seen in Nifty.
3 F&O calls of Axis Securities will make investors rich, cheap option of M&M will give huge profits
Rupak Dey of LKP Securities has an opinion on Bank Nifty.
On Bank Nifty, Rupak Dey said that if Bank Nifty remains above 51150, then further movement can be seen in it. After this the index can show a move up to 51500.
Rupak Day Favorite Stocks of LKP Securities
Coal India Future: Buy – Rs 386, Target – Rs 410, Stoploss – Rs 374
Vedanta Future: Buy – Rs 443, Target – Rs 470, Stoploss – Rs 430
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