Nifty’s weekly expiry saw the market fluctuations. The benchmark indexes Sensex and Nifty closed down with a decline. Talking about F&O set up, Sona BLW was seen in long build up in shares of BLW Precision, Zayadas Life, Elkem Lab, Cipla and Biocon. While short coverings were seen in Abbot, Metropolis Health, Torrent Power, Ipca Labs, United Bruise. On the other hand, a short buildup was seen in the stocks of Trent, Solar Industries, Macotech Development, Page Industries and Finix Mills. At the same time, Long Unwinding was seen in the stocks of BSE Limited, City Union Bank, SRF, BHEL and Oil India. At the same time, before the market closure, veteran experts gave the opinion to bet in the shares of Grasim, Dr. Reddy, PI Industries and Piramal Pharma for earning in the short term. Do you know how much target price-
Prabhudas Lilladher’s Shilpa Raut’s cheap option: GRASIM
Shilpa Raut of Prabhudas Lilladher said that Grasim’s stock would earn on buying a February expiry call. He said that it should buy a 2520 strike call around Rs 60. In this, a target of up to Rs 80 will be seen in a few days. However, he also said that stoploss should be installed at the level of 40 rupees.
F&O Superstar Share of Sachitanand Utkar of Tradebulls: Dr Reddy’s Future
Sachitanand Utkar of Tradebulls advised to shop in the DR Reddy’s stock from the F&O segment before the market was closed. He said that a target of Rs 1280 can be seen in this stock. He said that it should be purchased at a level of Rs 1238 with stoploss at a level of Rs 1224.
Barers in this legendary shares of PSU sector got a strong bye in this pharma stock today in dealing rooms
Prashant Sawant of Catalyst Wealth Share Miracle of Chart: Pi Industries
Prashant Sawant of Catalyst Wealth bets on PI Industries as a shares showing the miracle of the chart for today. He said that it can be purchased at the level of Rs 3640. Apply stoploss at a level of Rs 3590. This stock can go up to a level of Rs 3800.
Midcap Funda Stock of Ashish Chaturmohta of JM Financial: Piramal Pharma
Ashish Chaturmohta of JM Financial, stating the midcap fund stock, said that today the stock of Piramal Pharma should be purchased at 228 levels. He said that it can be seen in the medium to long period of Rs 280 to 300 in the long term. Stoploss should be installed at Rs 215.
(Disclaimer: The ideas and investment advice on Moneycontrol.com have their own personal views and opinions. Moneycontrol advises users to consult certified experts before making any investment decisions.)