Stock market expert recommends buying Bajaj Finance, Bharti Airtel, and HDFC Life on Monday
From Mint:
1. The Indian stock market saw a dip after a sharp recovery on Thursday, with mid-cap and small-cap stocks showing bottom fishing. The Nifty 50 index closed lower but above 22,000 levels, while the BSE Sensex ended at 72,643 and the Bank Nifty at 46,594. Small-cap stocks ended higher by 0.25%, and mid-cap stocks finished 0.51% down.
2. Stock market expert Sumeet Bagadia from Choice Broking expects a positive momentum for next week after a recovery in indices on Friday. He recommended buying or selling stocks like Bajaj Finance, Bharti Airtel, and HDFC Life for Monday.
3. Technical analysis suggests a potential uptrend for stocks like Bajaj Finance, with a buy price at ₹6514 and a target of ₹7000. Setting a stop-loss at ₹6275 is recommended to manage risk effectively. The stock has shown signs of reversal and bullish momentum.
4. Bharti Airtel shares are at an all-time high of ₹1220 with a potential target of ₹1300. Setting a stop-loss at ₹1164 is advised to mitigate risks. The stock has broken out of a pattern and shows bullish momentum with strong support levels.
5. HDFC Life shares, currently at ₹632.35, have rebounded from strong support levels, indicating a potential target of ₹675. Investors are advised to set a stop-loss at ₹605 to manage risks effectively and monitor market dynamics for optimal investment decisions.
Read more at Mint: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — March 18