Stocks to buy or sell: Sagar Doshi of Nuvama suggests ONGC, Oberoi Realty, Max Health today - 8 January
Live MintStock Market today: Selling pressure reemerged in the Indian stock markets on Wednesday, as both indices dropped shortly after initially starting with slight gains. Nifty 50 Outlook by Sagar Doshi, Senior Vice President- Research, Nuvama Professional Clients Group Nifty 50 witnessed a wider crack on the first trading day of this week breaking and closing below its 200 DMA support, negating the potential up move it showed signs for all of last week. Stocks To Buy or Sell on Wednesday- Sagar Doshi On stocks to buy or Sell on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Oil and Natural Gas Corporation Ltd, Oberoi Realty Ltd, and Max Healthcare Institute Ltd. ONGC : LCP : 263.49; S/L : 251; Tgt : 280 Shares of ONGC were drooling under pressure in second half of December 2024 after it broke below a bearish cup and handle pattern, however that bearish price action has negated strongly from the start of this new calendar year due to multiple external triggers. Oberoi Realty : LCP : 2,268.40; S/L : 2,196; Tgt : 2,535 Stock has been in a sideways consolidation for the past 3 weeks now, and Tuesday’s price action confirms beginning of fresh leg upside. Max Healthcare Institute : LCP : 1,198.35; S/L : 1,145; Tgt : 1,310 Stock has given its second highest closing ever as it breaks out from a fresh pole and flag pattern on daily charts.