DelhiDesk The Nifty rose by more than 1% on Monday to cross 18,250, which experts say will be an important level going forward. The Nifty is expected to rise to 18,500-18,600 if it stays within a range of 18,200-18,250 points, but could fall to 17,800 if it falls below 18,000. Weekly, the Nifty has made its high formation for six consecutive weeks, although a bearish return is suggested by the star pattern formation. Experts have recommended 10 stocks for trading over the next three to four weeks, including Grasim Industries, Hero MotoCorp, Bharat Forge, Birla Corporation, RBL Bank, UltraTech Cement, Havells India, Gabriel India and Hitachi Energy India.
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Here is the news bullets sorted by DelhiBreakings.com team.
– Nifty rose by more than 1% to cross 18,250, and a range of 18,200-18,250 can take the index above 18,500-18,600 levels
– Nifty has made its high formation for 6 consecutive weeks, but a star pattern indicates a bearish return
– Traders should continue with a biased approach on the stock and view any downside correction as an opportunity
– Top trading stocks recommended by experts for the next 3-4 weeks include Grasim Industries, Hero MotoCorp, Bharat Forge, Birla Corporation, RBL Bank, UltraTech Cement, Havells India, Gabriel India, and Hitachi Energy India
– Grasim Industries and Hero MotoCorp are advised as a buy while Bharat Forge is recommended as a sell
– Birla Corporation is advised as a buy with a target price of Rs 1,060 and a stop loss of Rs 925
– RBL Bank is advised as a sell with a target price of Rs 136 and a stop loss of Rs 159
– UltraTech Cement is advised as a buy with a target price of Rs 7,900 and a stop loss of Rs 7,420
– Havells India is advised as a buy with a target price of Rs 1,400 and a stop loss of Rs 1,210
– Gabriel India is advised as a buy with a target price of Rs 185 and a stop loss of Rs 155
– Hitachi Energy India is advised as a buy with a target price of Rs 3,950 and a stop loss of Rs 3,580
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