Sona BLW Precision Forgings has seen a breakout of falling resistance trendline adjoining multiple touchpoints and formed strong bullish candlestick pattern on the daily scale.
The Nifty 50 index potentially aims for a range between 21,750-21,800 on the upside, with support resting at 21,500.
ICICI Securities recommended hold rating on Apollo Tyres with a target price of Rs 436 in its research report dated December 26, 2023.
Sharekhan is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1850 in its research report dated December 26, 2023.
Sharekhan is bullish on Mastek has recommended buy rating on the stock with a target price of Rs 3235 in its research report dated December 26, 2023.
Motilal Oswal recommended Neural rating on Barbeque-Nation with a target price of Rs 690 in its research report dated December 26, 2023.
Geojit is bullish on Bata India has recommended buy rating on the stock with a target price of Rs 1870 in its research report dated December 27, 2023.
Geojit recommended accumulate rating on Strides Pharma Science with a target price of Rs 731 in its research report dated December 26, 2023.
Emkay Global Financial is bullish on Tejas Networks has recommended buy rating on the stock with a target price of Rs 1050 in its research report dated December 27, 2023.
Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.
Currently, the market landscape is defined by the 20,900–21,600 range.
Prabhudas Lilladher is bullish on R R Kabel has recommended buy rating on the stock with a target price of Rs 1872 in its research report dated December 26, 2023.
The government’s infrastructure push and favourable raw material prices should hold it in good stead through the rest of this fiscal year
Sharekhan is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 221 in its research report dated December 22, 2023.
Sharekhan is bullish on Cholamandalam Investment and Finance Company has recommended buy rating on the stock with a target price of Rs 1425 in its research report dated December 21, 2023.
Sharekhan is bullish on PI Industries has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated December 21, 2023.
Sharekhan is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 840 in its research report dated December 20, 2023.
The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
Cummins India continued uptrend for second consecutive session. The stock has formed healthy bullish candlestick pattern on the daily scale with above average volumes and traded above all key moving averages.
Despite a positive undertone, the market appears to be in a corridor of uncertainty, and trading within the mentioned broad range is expected in the truncated week ahead of the next calendar year.
One should keep a note of FII’s long short ratio in index futures is around 66 percent (till Thursday). Once this ratio crosses the 70 percent mark, markets might start preparing for a temporary short-term top formation.
Motilal Oswal is bullish on Siemens recommended buy rating on the stock with a target price of Rs 4600 in its research report dated December 22, 2023.
ICICI Securities recommended reduce rating on Vijaya Diagnostic Centre with a target price of Rs 590 in its research report dated December 22, 2023.
Prabhudas Lilladher recommended accumulate rating on Siemens with a target price of Rs 4359 in its research report dated December 23, 2023.
Prabhudas Lilladher is bullish on J.B. Chemicals and Pharmaceuticals has recommended buy rating on the stock with a target price of Rs 1800 in its research report dated December 23, 2023.