Indian Benchmark indices opened on a positive note today, ahead of the outcome of the Central Bank’s monetary policy. The Sensex was up 219.99 points at 59254.94, while the Nifty was up 76.60 points at 17716.10. Broadly, the markets opened in green.
Axis Direct has given stock recommendations for positional trading for a duration of 5 to 15 days:
1. Indian Metals & Ferro Alloys Limited
- CMP: ₹ 464
- Entity Price Range:₹ 435.50- ₹ 441.40
- Stop Loss: ₹ 429
- Target: ₹ 484
- Upside: 4.31%
- Recommendation: Buy
2. ICICI Prudential Life Insurance Company Limited
- CMP: ₹ 531.2
- Entity Price Range: ₹ 522.00- ₹ 529.00
- Stop Loss: ₹ 513.00
- Target:₹ 565.00
- Upside: 6.36%
- Recommendation: Buy
3. Gujarat Alkalies & Chemicals Limited
- CMP: ₹ 891
- Entity Price Range: ₹ 896.00- ₹ 908.00
- Stop Loss: ₹ 880
- Target:₹ 990
- Upside: 11.11%
- Recommendation: Buy
4. IIFL Finance Limited
- CMP: ₹ 322.5
- Entity Price Range: ₹321.60
- Stop Loss: ₹ 317.00
- Target: ₹ 345.00
- Upside: 6.98%
- Recommendation: Buy
5. Indus Towers Limited
- CMP: ₹ 221.6
- Entity Price Range: ₹ 220.00- ₹ 222
- Stop Loss: ₹ 218.00
- Target: ₹ 234.00
- Upside: 5.60%
- Recommendation: Buy
6. Tanla Platforms Limited:
- CMP: ₹1574.5
- Entity Price Range: ₹1560.00- ₹1575.00
- Stop Loss: ₹ 1528.00
- Target: ₹ 1716
- Upside: 8.99%
- Recommendation: Buy
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