Rationale report – 06.09.2023

Recommended stocks on – 06.09.2023

(1)         ADANI ENT. -

Ø Buy price : 2482

Ø Strong Support : 2424

Ø Resistance price : 2503 - 2520

Reasons for Buy Recommended –

Adani Enterprises Earnings momentum could drive the stock higher.

Adani's businesses in renewables, airports, and data centers are attracting investor interest.

FIIs/DII investments increase, momentum could continue.

Recommended stocks on – 06.09.2023

(2)         INDIGO  -

Ø Buy price : 2460

Ø Strong Support : 2424

Ø Resistance price : 2477 - 2484 - 2490 - 2500

Reasons for Buy Recommended –

IndiGo is showing strong bullish momentum supported by record passenger demand, stable fuel costs, and technical strength.

IndiGo is consistently profitable with growing revenue per passenger (RPK).

Recommended stocks on – 01.09.2023

(3)         BHARTI AIRTEL -

Ø Buy price : 865

Ø Strong Support : 830

Ø Resistance price : 878 – 884 - 890

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.