Sensex, Nifty closed with gains on the second day of the trading week. Talking about F&O setup, long build up was seen in shares of Biocon, BSE, Indiamart, Saint and UPL. Whereas short covering was seen in shares of NCC Limited, Chambal Fertilizer, Dr Lal Path Labs, GNFC, NALCO. While short build up was seen in Zomato, Kalyan Jewellers, Info Edge, Avenue Supermart and PVR Inox. But long unwinding was seen in Mahanagar Gas, Eicher Motors, Jubilant Food, HPCL and Maruti Suzuki. At the same time, before the market closes, for short term earning, leading experts advised to bet in the shares of Poonawala Fincorp, Hero MotoCorp, Fortis Healthcare and Time Technoplast. Know who gave how much target price-
Cheap option for JM Financial’s Soni Patnaik: Poonawala Fincorp
JM Financial’s Soni Patnaik said that buying calls with January expiry in Poonawala Fincorp’s stock will yield earnings. He said that its call with strike of 320 should be bought around Rs 9.10. In this, targets of up to Rs 15/18 will be seen in a few days. However, he also said that stoploss should be set at the level of Rs 6.
Rachanavaidya.in’s F&O Superstar Share by Rachna Vaidya: Hero MotoCorp Future
Rachana Vaidya of rachanavaidya.in advised to sell Hero Moto Corp stock from the F&O segment before the market closes. He said that a target of Rs 4150/4100 can be seen in this stock. He said that in this, selling should be done at the level of Rs 4163 with stop loss at the level of Rs 4200.
This stock can rise by more than Rs 50, for profit in a day or two, dealers made strong purchases in these two stocks today.
Kotak Securities’ Shrikant Chauhan’s chart miracle share: Fortis Healthcare
Shrikant Chauhan of Kotak Securities bets on Fortis Healthcare as the stock that will perform chart miracles for today. He said that one can buy it at the level of Rs 732. Put stoploss at the level of Rs 700. This stock can go up to the level of Rs 770/830.
Marketsmithindia’s Mayuresh Joshi Midcap Fund Stock: Time Technoplast
Marketsmithindia’s Mayuresh Joshi, calling it a midcap funda stock, said that today Time Technoplast stock should be bought at the level of Rs 472. He said that it can see good upside target in medium to long term.
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