Tuesday, September 12, 2023

Rationale report – 12.09.2023


Recommended stocks on – 12.09.2023

(1)         NIFTY -

Ø Buy price : 20015

Ø Strong Support : 19880

Ø Resistance price : 20088 -20108

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 12.09.2023

(2)         INFOSYS -

Ø Buy price : 1486

Ø Strong Support : 1460

Ø Resistance price : 1497 -1510

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT & AI.

With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends.

Recommended stocks on – 11.09.2023

(3)         RELIANCE -

Ø Buy price : 2466

Ø Strong Support : 2420

Ø Resistance price : 2488 - 2493 - 2500

Reasons for Buy Recommended –

Some technical distribution pattern has been observed in the stock's price, indicating a potential medium-term bullish.

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