Friday, February 24, 2023

Rationale report – 24.02.2023


Recommended stocks on – 24.02.2023

(1)         ACC -

Ø Buy price : 1740 & 1707

Ø Strong Support : 1707

Ø Resistance price : 1767 – 1775 - 1780

Reasons for Buy Recommended –

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth.

With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

Recommended stocks on – 24.02.2023

(2)         NIFTY -

Ø Buy price : 17570 & 17616

Ø Strong Support : 17533

Ø Resistance price : 17363 – 17670 - 17707

Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.


 

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