Produced by: Prashun Talukdar
Domestic benchmarks on Monday settled in the green, led by gains in automobile, financials and consumer stocks. The 30-share BSE pack rose 131 points or 0.17% to close at 77,341. The broader NSE Nifty ended 37 points or 0.16% up at 23,538. India VIX, fear index, jumped 6.65% to 14.06-level.
For June 25 (Tuesday), an analyst from a domestic brokerage has assigned 'Buy' calls for Nykaa, Apollo Hospitals and Firstsource Solutions shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 176.90 | SL: Rs 169 An analyst from LKP Securities has given a 'Buy' call on FSN E-Commerce Ventures Ltd (Nykaa's parent) shares with target prices of Rs 185-192. The scrip has risen 18.80% in the past one year. "The momentum indicator RSI (Relative Strength Index) is on the verge of a breakout from a falling trendline on daily charts, which will accelerate momentum going forward," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Sec.
LTP: Rs 6,257.85 | SL: Rs 6,100 The LKP analyst has also selected Apollo Hospitals Enterprise Ltd in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 6,500-6,700 per share. The scrip has moved 24.24% up in a year. "The stock is forming a higher high and higher low formation on lower timeframes, confirming a bullish trend," Shah stated.
LTP: Rs 214.20 | SL: Rs 204 The analyst from LKP has included Firstsource Solutions Ltd in his stock suggestions as well with a 'Buy' call. One can expect upside targets of Rs 225-236 in the near term. The counter has gained 66.76% in the past one year. "The stock has closed above a strong resistance level, forming a bullish candlestick. Technical indicators are suggesting a positive trend," Shah mentioned.
"For Nifty, the trend remains positive for the short term as long as it remains above 23,300, where a buy-on-dips strategy might favour traders. On the higher end, resistance is seen at 23,600. A decisive move above 23,600 might lead call writers to unwind their positions," said Rupak De, Senior Technical Analyst at LKP Securities.
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