After a strong rally over the past few sessions, domestic stocks took a breather. According to reports, Europe was mulling a ban on Russian oil imports. Though the Indian VIX (the volatility index) has come down to 23.8 levels, experts believe that the Russia Ukraine crisis might continue to have an impact on the volatility of the market.
Axis direct has given a buy call on the following stocks for positional trading:
1. Sterlite Technologies Limited
Axis direct has given a buy call on this Indian multinational technology company. Sterlite Technologies Limited is specialized in hyper-scale network design, optical fibre and cables, and deployment and network software.
- Current Price: ₹ 201.30
- Entry Price Range:₹ 188.00 to 193.00
- Stop Loss: ₹ 185
- Target: ₹ 222.00
- Duration: 5 to 15 days
2. KPR Mill Limited
Axis direct has given a buy call on this apparel company. The company makes athleisure wear for the Indian market under the brand name FASO and is One of India’s largest Vertically Integrated Garment Production Facility – Consistently Ranked Among Top 500 Companies in India.
- Current Price: ₹ 635.25
- Entry Price Range:₹ 617.00 to 623.00
- Stop Loss: ₹ 608.00
- Target: ₹ 668.00
- Duration: 5 to 15 days
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