The stock market has continued its upward momentum since the start of the week, with benchmark indices posting gains for three straight sessions. In the latest trading session, the Sensex climbed 283 points, or 0.33 percent, while the Nifty50 advanced 94 points, or 0.37 percent. The sustained rally has lifted investor sentiment, and analysts note that the Nifty50 is showing signs of a bullish pattern on the National Stock Exchange.
Expectations of a positive opening on Thursday have strengthened further, with Gift Nifty rising 32 points, or 0.13 percent. Support from firm global cues, especially steady gains across Asian markets since morning trade, may help extend the rally on Dalal Street.
In this backdrop, market expert Sumit Bagadia, Executive Director of Choice Broking, has recommended select stocks for investors to consider.
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Senores Pharma: He has advised buying this stock at 822 rupees. He has mentioned that this stock has a steady uptrend. Its target price is 875 rupees and stop loss is 788 rupees.
ELGI Equipment: This stock has made a strong recovery from lower levels. The current price of this stock is 537 rupees. Its target price is 575 rupees and stop loss is 515 rupees.
Lumax Auto Technologies: This stock's price is above the 20, 50, 100 and 200-day moving averages. The price of this stock is 1,691 rupees. Its target price is 1,815 rupees and stop loss is 1,620 rupees.
Acutus Chemicals: The current rate of this stock is above the 20 and 50-day moving averages. After the last closing, the price of this stock became 2,143 rupees. Its target price is 2,232 rupees. And stop loss is 2,075 rupees.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the stock market or any field involve risk. Proper study and expert advice are desirable before that. This news is published for educational purposes and awareness.}
