Stock picks: Prabhudas Lilladher suggests these two shares to buy this week
11 months ago

Stock picks: Prabhudas Lilladher suggests these two shares to buy this week

Live Mint  

Indian stock market: Stock market indices Sensex and the Nifty 50, concluded more than one percent lower for the second consecutive session. “Geo-political concerns globally weighed on Indian markets with Nifty opening gap down and remaining under pressure throughout the session to close with a loss of 247 points at 22273 levels. Globally, Investors will keenly watch out for US core retail sales and China Q1 GDP numbers which will be released late today for further cues,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Technical stock picks by Prabhudas Lilladher's Vaishali Parekh - SJVN: Buy at ₹ 127.70 | Target Price: ₹ 152 | Stop Loss: ₹ 114 The stock has been in consolidation for quite some time with currently picking up momentum improving the bias maintaining above the significant 50EMA level of 117 zone and is anticipated for further rise in the coming days. Sun TV: Buy at ₹ 629 | Target Price: ₹ 707 | Stop Loss: ₹ 597 The stock has moved past the significant 50EMA level of 620 levels and indicated a breakout above the descending channel pattern on the daily chart at 625 levels to improve the bias anticipating for further rise in the coming days. With the chart looking attractive, we suggest to buy the stock for an upside target of 707 keeping the stop loss of 597 level.

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