SELLReliance Industries Ltd (RIL) with a target price of Rs 975, says Praksh Gaba, Technical Analyst. It will face stiff resistance around Rs 1030-1025, he adds. He further says that since markets are in a downtrend, it is likely to move with a negative bias. The stock is currently trading at Rs 1019.85, down 0.1% on the BSE.
BUYHindustan Unilever Ltd (HUL) around Rs 195-210 as a long-term investment bet, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The stock is currently trading at Rs 223, up 1.5% on the BSE.
The markets are trading in the negative terrain following weak global cues. The Sensex has declined 56.12 points from its previous close to 17113.64. The Nifty has slumped 18.85 points to 5117.65 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices have dropped 0.3% and 0.1% respectively. Metal and FMCG stocks are seeing marginal buying interest; whereas banking, metal and PSU are under selling pressure amidst early trades.
SELLBajaj Hindusthan Ltd with a target of Rs 85, says Praksh Gaba, Technical Analyst. The stock is currently trading at Rs 145.60, down 1.1% on the BSE.
The Nifty has strong support at 5090 levels, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The overall view on the 50-stock is negative, he adds. It is currently at 5116.75, down 19.25 points.
The markets have opened flattish with a negative bias. The Sensex has opened at 17166.97, lower by 25 points from its previous close. The Nifty has opened at 5137, down 5 points.
The Nifty is expected to fall to 5100 levels in today's trade, says Prakash Gaba, Technical Analyst. Meanwhile, the 50-stock index has support at 5000-4950 levels, he adds.
BUYHindustan Construction Company Ltd (HCC) for a target price of Rs 159, says Motilal Oswal. The stock closed on Friday at Rs 142.80, down 0.3% on the BSE.
The Asian markets are trading in the downtrend. The Nikkei Average is at 10732.73, down 18.53 points from its previous close. The Kospi has fallen 7.94 points from its previous close to 1649.43. Shedding 13.31 points, the Shanghai Composite is currently at 2993.76 levels. The Hang Seng has slipped 143.53 points to 21066.21 levels.
The US markets closed flattish. The Dow Jones advanced 12.85 points from its previous close to shut shop at 10624.69. The Nasdaq declined 0.8 points to end at 2367.66. The S&P 500 dropped 0.25 points to close at 1149.99 levels