Produced by: Prashun Talukdar
Domestic benchmarks on Monday continued to slip for the second consecutive session as FMCG and automobile stocks dragged. The 30-share BSE Sensex fell 201 points or 0.25% to close at 81,508 and the broader NSE Nifty slipped 59 points or 0.24% to end at 24,619. India VIX, fear index, shed 0.22% to 14.11-level.
For December 10 (Tuesday), an analyst from a domestic brokerage assigned 'Buy' calls on SAIL, BLS International and SRF shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 126.50 | SL: Rs 121 LKP Securities' analyst has given a 'Buy' call on Steel Authority of India Ltd (SAIL) shares with target prices of Rs 131-136. The scrip has risen 25.50% in the past one year. "The stock is likely to move towards Rs 131-136 levels in the short term. Support will be placed at Rs 121," said Rupak De, Senior Technical Analyst at LKP Sec.
LTP: Rs 449 | SL: Rs 434 The analyst from LKP has also selected BLS International Services Ltd in his stock recommendations. He has given a 'Buy' call on the counter with an upside target of Rs 470 per share. The scrip has gained 51.54% in a year. "In the short term, the stock may move towards Rs 470 while support is placed at Rs 434," De stated.
LTP: Rs 2,318.10 | SL: Rs 2,229 The LKP analyst has included SRF Ltd as well in his stock suggestions with a 'Buy' call. The stock may hit an upside target of Rs 2,450, he said. The counter has shed 4.67% in the past one year. "The stock can move towards Rs 2,450 level in the near term. Support will be positioned at Rs 2,229," De mentioned.
"Nifty is likely to remain sideways due to the absence of any major events this week. The index has initial support at 24,470. A break below this level could trigger a correction of 200-250 points. On the higher end, the 24,700-24,750 zone is expected to act as a resistance," said Rupak De of LKP Securities.
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