On January 17, there was huge volatility in the market. However, in the midst of this volatility, Sensex-Nifty managed to remain closed at the high level of 3 months. The Sensex closed at 61,300 with a gain of about 90 points. On the other hand, the Nifty closed at 18,308 with a gain of more than 50 points, which is the highest level since October 19, 2021.
Along with the big stocks, buying was also seen in small and medium stocks in yesterday’s trade. The Nifty Midcap index closed with a gain of 0.16 per cent. On the other hand, the Smallcap index closed with a gain of 0.61 percent.
Exide Industries and ICICI Pru were the third and fourth biggest gainers in the F&O segment in yesterday’s trade. Exide Industries yesterday closed at Rs 182.50 with a gain of 4.95 per cent. On the other hand, ICICI Pru closed at Rs 615.65 with a gain of 4.15 per cent.
Similarly, Adani Green Energy made a fresh record high of Rs 1,854 in the first intraday with a gain of 8.09 per cent to close at Rs 1,835.30, while Raymond gained 15 per cent to Rs 793.60 in the first intraday to close at Rs 782.15. Made my new 52 week high. At the same time, HFCL was also in strong action yesterday. At the end of trading, the stock closed at 96.35 with a gain of 4.90 percent.
Now let’s see what is the opinion of GEPL Capital’s Malay Thakkar on these stocks.
HFCL – The stock is still in a mid term uptrend. Those who have this share should stay in it and buy more slowly for a target of Rs 115 then Rs 130 after that. Support is visible for the stock at Rs 85.
All time high can be seen soon in the market, these shares will make double digit earnings in short term of 2-3 weeks
ICICI Pru- Bullish trend continues in this stock as well. Those who have this stock should remain in this stock. Further, the level of Rs 680 in this stock and after that Rs 725 can also be seen. On the downside, support is seen for this stock at 690-600.
Exide Industries- This stock is also showing positive signs from short term perspective. Very soon we can see this stock going towards 200-210. On the downside, support is visible for this at Rs 177. If investors want to book profits in this stock around Rs 200, then they can.
Adani Green Energy- Bullish trend continues in this stock also. Those who have this stock should stay in it. Soon we can get to see the level of Rs 2,153- 2,498 in this. But put a stop loss of Rs 1,700 on daily closing basis.
Raymond- Those who have this stock can stay in it. Soon the level of Rs 868 can be seen in this stock. After this, if it manages to stay above Rs 868, then we see a level of Rs 1150 in it as well. Put a stop loss of Rs 710 in this stock on daily closing basis.
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