Stocks to buy or sell for short-term: Jay Thakkar of ICICI Sec suggests these three shares in F&O segment
1 month ago

Stocks to buy or sell for short-term: Jay Thakkar of ICICI Sec suggests these three shares in F&O segment

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Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, faced downward pressure on Friday as both indices began the day lower, continuing their negative streak in line with their Asian counterparts, amid worries about a potential global trade war. On the lower side, 22,500 is an immediate support, hence the range is of 100 points which is quite narrow, hence a breakout on either side will lead to a good directional move, if the breakout happens on the upside then it is expected to continue based on short covering, whereas, if the breakout happens on the lower side then the support is at 22,000 levels and then market should bounce back based on the historical data which indicates that March series should close on a positive note. Stocks To Buy in the near-term - Jay Thakkar Jay Thakkar of ICICI Securities recommends buying Bajaj Finance March Futures, Chambal Fertilizer March Futures, and Nestle March Futures. Buy Bajaj Finance March Futures at CMP: ₹ 8,662; Stop Loss ₹ 8,490; Targets: ₹ 8,950 and ₹ 9,100 Bajaj Finance has witnessed long additions in futures and the OI in futures has hit the life time high with the price rising which is a positive sign going forward. Buy Chambal Fertilizer March Futures at ₹ 550; Stop Loss ₹ 530; Targets: ₹ 580 and ₹ 590 Chambal Fertilizer has provided a fresh breakout with increase in OI indicating long built up.

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