Rationale report – 13.09.2023

Recommended stocks on – 13.09.2023

(1)         M & M -

Ø Buy price : 1540

Ø Strong Support : 1530

Ø Resistance price : 1555 – 1570 – 1583 - 1600

Reasons for Buy Recommended –

Mahindra & Mahindra is bullish in the short term, backed by strong auto sales, EV growth, and favorable industry trends. Lower steel & raw material costs improving margins.

Benefiting both SUV & tractor segments.

Recommended stocks on – 13.09.2023

(2)         BALKRISHNA IND. -

Ø Buy price : 2377

Ø Strong Support : 2323

Ø Resistance price : 2393 - 2404

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended stocks on – 12.09.2023

(3)         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

(4)         KOTAK BANK -

Ø Buy price : 1812

Ø Strong Support : 1780

Ø Resistance price : 1833 -1840

Reasons for Buy Recommended –

Kotak Bank's short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for kotak Bank.

Recommended stocks on – 12.09.2023

(5)         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 – 01.09.2023

(6)         PNB  -

Ø Buy price : 65

Ø Strong Support : 55

Ø Resistance price : 68 - 72 - 80 - 88 - 93 -102

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 10.09.2023

(7)         KOTAK BANK -

Ø Buy price : 1828

Ø Strong Support : 1790

Ø Resistance price : 1844 -1850

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.