The fall in the Nifty have been muted after witnessing sharp selloff and it is likely to bounce from current crucial psychological levels, says Sarvendra Srivastava, head of technical research at Phisense.com.
Stock Talk
Buy Bharat Forge: Investors can buy this stock from a longer term time horizon wherein it can go above Rs 1,000 in next 6-12 months. Meanwhile, traders can buy Bharat Forge for short term for target of Rs 930-940.
Buy Tata Motors: Traders can buy this stock with stop loss below Rs 470 for target of Rs 480.
Buy Punjab National Bank: Traders can buy PNB for target of Rs 172 with stop loss at Rs 142.
Buy Bank of Baroda: Traders can buy this stock for target of Rs 200 with stop loss at Rs 167.
Buy LIC Housing Finance: The stock can stage a pullback rally and traders can buy LIC Housing Finance for target of Rs 540-550 with stop loss below Rs 505.
Jet Airways: The fall is overdone and it can find support in range of Rs 350-370. From 12 months investors can buy and hold this stock.
Disclaimer: Investors are advised to make their own assessment before acting on the information.
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