Sensex, Nifty closed with a sharp fall on the first day of the trading week. Talking about F&O set up, long build up was seen in shares of Nykaa, Metropolis Health, Dr Lal Path Labs, Godrej Consumers and Apollo Hospitals. Whereas short covering was seen in shares of Jubilant Food, Tata Consumer Products, Mphasis, RBL Bank and SBI Card. While short build up was seen in Union Bank, SJVN, HFCL, Adani Energy Solutions and CESC. But long unwinding was seen in ITC, NCC, HPCL, AB Fashion & Retail and Manappuram Finance. At the same time, before the market closes, for short term earning, leading experts advised to bet in the shares of Delivery, Granules India, Metropolis Health and Varrock Engineering. Know who gave how much target price-
Prabhudas Lilladher’s cheap option for Shilpa Raut: Delhivery
Shilpa Raut of Prabhudas Lilladher said that there will be earnings on buying calls with January expiry in Delhivery stock. He said that its call with strike of Rs 340 should be bought around Rs 10.45. In this, targets of up to Rs 15/19 will be seen in a few days. However, he also said that stoploss should be set at the level of Rs 6.
Rajesh Satpute of www.rajeshsatpute.com F&O Superstar Share: Granules India Future
Rajesh Satpute of www.rajeshsatpute.com advised to buy Granules India stock from F&O segment before market close. He said that a target of Rs 645 can be seen in this stock. He said that buying should be done at the level of Rs 616 with stop loss at the level of Rs 608.
Technical View: Nifty saw the biggest single day fall in 3 months, know how the market mood will be on Tuesday, January 7.
Trader & Market Expert Amit Seth’s chart miracle share: Metropolis Health
Trader & Market Expert Amit Seth bets on Metropolis Health as the stock that will perform chart miracles for today. He said that one can buy it at the level of Rs 2051. Put stoploss in it at the level of Rs 2020. This stock can go up to the level of Rs 2110.
SMIFS’s Sharad Awasthi Midcap Fund Stock: Varroc Engineering
Sharad Awasthi of SMIFS, while describing midcap funda stock, said that today Varroc Engineering stock should be bought at the level of Rs 602. He said that in the medium to long term, an upside target of Rs 750 can be seen.
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