Produced by: Prashun Talukdar
Domestic benchmarks continued their sharp upward move on Monday, led by gains across all sectors. The 30-share BSE Sensex surged 993 points or 1.25% to close at 80,110 and the broader NSE Nifty moved up 315 points or 1.32% to end at 24,222. India VIX, fear index, dived 4.93% to 15.30-level.
For November 26 (Tuesday), an analyst from a domestic brokerage assigned ‘Buy’ calls on Wipro, ONGC and NBCC shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 583.70 | SL: Rs 559 LKP Securities' analyst has given a 'Buy' call on Wipro Ltd shares with a target price of Rs 630. The scrip has jumped 47.08% in the past one year. "The ongoing recovery may continue in the short term, potentially pushing the stock higher towards Rs 630. On the downside, support is placed at 559," said Rupak De, Senior Technical Analyst at LKP Sec.
LTP: Rs 259.05 | SL: Rs 247 The analyst from LKP has also selected Oil and Natural Gas Corporation (ONGC) Ltd in his stock recommendations. He has given a 'Buy' call on the counter with an upside target of Rs 272 per share. The scrip has gained 33.57% in a year. "The stock has potential to climb towards Rs 272 level in the near term. On the downside, support is established at 247," said De stated.
LTP: Rs 95 | SL: Rs 618 The LKP analyst has included NBCC (India) Ltd as well in his stock suggestions with a 'Buy' call. The stock can hit an upside target of Rs 100, he said. The multibagger counter has rallied 109.57% in the past one year. "The ongoing recovery may continue in the short term, potentially pushing the price higher towards Rs 100. On the lower end, support will be at Rs 92," De mentioned.
"For Nifty, the sentiment is expected to remain positive in the short term, with buying on dips likely to favour traders. On the higher side, 24,500 is expected to act as a crucial resistance; a decisive move above this level could trigger a further rally. Support on the lower side is placed at 23,950–24,000," said Rupak De of LKP Securities.
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