Tuesday, May 30, 2023

Rationale report – 30.05.2023

Recommended stocks on – 30.05.2023

(1)         KOTAK BANK -

Ø Buy price : 1960

Ø Strong Support : 1930

Ø Resistance price : 1974 -1980

Reasons for Buy Recommended –

Kotak Mahindra Bank exhibits strong financial health and has shown resilience in recent market sessions.

Projections and technical indicators suggest a modest upside potential.

Recommended stocks on – 30.05.2023

(2)         ACC -

Ø Buy price : 1806

Ø Strong Support : 1770

Ø Resistance price : 1833 - 1840

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.

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 – 29.05.2023

(3)         GRASIM -

Ø Buy price : 1700

Ø Strong Support : 1670

Ø Resistance price : 1717 – 1724 - 1730

Reasons for Buy Recommended –

That over the past three years, Grasim Industries has delivered a return of 52.67%, outperforming the Nifty 100's return of 41.67% during the same period.

In summary, based on current insights and financial performance, Grasim Industries Limited presents a favorable long-term investment opportunity.

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