INSUBCONTINENT EXCLUSIVE:
MotoCorp, Maruti, Lupin, Biocon, Equitas and MCX are expected to see potential upsides of over 5%, according to analysts.
Where are We After
an extended weekend, our markets opened flat despite SGX Nifty suggesting a gap-down opening on Tuesday
In the last couple of days, the Nifty did not see any action, but we need to appreciate the fact that despite all Asian bourses correcting
brutally on the last day, our markets managed to close safely above 11,000, which is highest weekly closing in six months.
What is in Store
Thus, muted action in last two days should be construed as a pull back or a breather
Hence, a move towards this important junction cannot be ruled out in the days to come
this juncture, we like Bajaj Finance which has resumed its uptrend after a long consolidation
One can look to go long for a target of Rs 2,920 with a stop loss at Rs 2,695
From the same sector, Bajaj Auto seems to have picked up a strong momentum
We expect the northward rally to continue towards Rs 3,080 with a stop loss at Rs 2,894
Also, it was good to see so many stocks from the cash segment showing some encouraging bounce-back
From
this, we like ITD Cementation which is certainly gearing up for a strong up-move
We will not be surprised to see this stock giving decent gains in the near-term, and recommend it for a target of Rs 142 with a stop should
