Buy or sell: Sagar Doshi recommends these two stocks to buy on Wednesday
9 months, 1 week ago

Buy or sell: Sagar Doshi recommends these two stocks to buy on Wednesday

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Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, started Wednesday's trading session with modest gains driven by ITC stock, positive global cues, and steady inflation data. Nifty 50 Outlook by Sagar Doshi, Senior Vice President- Research, Nuvama Professional Clients Group The Nifty 50 has closed at record highs on weekly charts for the trucated week passed by, while on daily some pressure on the higher side was seen. And hence, we believe that for the week to come, large-cap and mega-cap stocks are likely to outperform broader markets and micro cap names, said Sagar Doshi, Senior Vice President- Research, Nuvama Professional Clients Group. Stock Recommendations by Sagar Doshi On stocks to buy on Wednesday, Sagar Doshi has recommended two stocks: HDFC Bank : LCP : ₹ 1459.55 ; Stop Loss : ₹ 1,408.00; Target Price : ₹ 1,560.00 According to Sagar, HDFC Bank has shown first signs of revived momentum as the stock has broken above its consolidation zone of 1450 on the higher side.

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