Rationale report - 30.01.2024

Recommended stocks on – 29.01.2024

(1) SBI -

Ø Buy price : 680

Ø Strong Support : 650

Ø Resistance price : 696 - 703

   Reasons for Buy Recommended –

State Bank of india short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for State bank of india.

Recommended stocks on – 29.01.2024

(2) INFOSYS -

Ø Buy price : 1677

Ø Strong Support : 1630

Ø Resistance price : 1694 -1707

   Reasons for Buy Recommended –

chart signals a bullish trend, it suggests the potential for an upward movement in the short term.

 (3) SBI -

Ø Buy price : 600

Ø Strong Support : 588

Ø Resistance price : 623 – 636 – 644 - 660

   Reasons for Buy Recommended –

State Bank of india short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for State bank of india.

Recommended stocks on – 12.01.2024

 (4) PNB -

Ø Buy price : 98

Ø Strong Support : 85

Ø Resistance price : 104 -112 - 118

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

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

Rationale report - 29.01.2024

Recommended stocks on – 23.01.2024

 (1) SBI -

Ø Buy price : 600

Ø Strong Support : 588

Ø Resistance price : 623 – 636 – 644 - 660

   Reasons for Buy Recommended –

State Bank of india short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for State bank of india.

Recommended stocks on – 23.01.2024

(2)         RELIANCE -

Ø Buy price : 2737 & 2700

Ø Strong Support : 2690

Ø Resistance price : 2737 – 2754 – 2760 - 2780

   Reasons for Buy Recommended –

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

Recommended stocks on – 17.01.2024

(3)         KOTAK BANK  -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price :  1828 -1840

   Reasons for Buy Recommended –

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

Recommended stocks on – 12.01.2024

 (4) PNB -

Ø Buy price : 98

Ø Strong Support : 85

Ø Resistance price : 104 -112 - 118

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

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

Rationale report - 25.01.2024

Recommended stocks on – 23.01.2024

 (1) ACC -

Ø Buy price : 2208

Ø Strong Support : 2170

Ø Resistance price : 2244 – 2273 – 2280 - 2303

   Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 23.01.2024

 (2) SBI -

Ø Buy price : 600

Ø Strong Support : 588

Ø Resistance price : 623 – 636 – 644 - 660

   Reasons for Buy Recommended –

State Bank of india short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for State bank of india.

Recommended stocks on – 15.01.2024

 (3) GUJARAT GAS -

Ø Buy price : 535

Ø Strong Support : 488

Ø Resistance price : 550 – 563 - 570

   Reasons for Buy Recommended –

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

Rationale report - 24.01.2024

Recommended stocks on – 23.01.2024

(1)         NIFTY -

Ø Buy price : 21200

Ø Strong Support : 21088

Ø Resistance price : 21288 – 21330 - 21404

   Reasons for Buy Recommended –

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

Recommended stocks on – 23.01.2024

 (2) ACC -

Ø Buy price : 2208

Ø Strong Support : 2170

Ø Resistance price : 2244 – 2273 – 2280 - 2303

   Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 23.01.2024

 (3) SBI -

Ø Buy price : 600

Ø Strong Support : 588

Ø Resistance price : 623 – 636 – 644 - 660

   Reasons for Buy Recommended –

State Bank of india short-term outlook appears bullish.

The prevailing technical indicators and consensus suggest a bullish short-term outlook for State bank of india.

Rationale report - 23.01.2024

Recommended stocks on – 23.01.2024

 (1) ACC -

Ø Buy price : 2208

Ø Strong Support : 2170

Ø Resistance price : 2244 – 2273 – 2280 - 2303

   Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Rationale report - 20.01.2024

Recommended stocks on – 18.01.2024

 (1) ACC -

Ø Buy price : 2260

Ø Strong Support : 2217

Ø Resistance price : 2283 – 2290 - 2303

   Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 17.01.2024

(2) NIFTY -

Ø Buy price : 21670 & 21474

Ø Strong Support : 21404

Ø Resistance price : 21670 - 21737 - 21808

   Reasons for Buy Recommended –

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

Recommended stocks on – 17.01.2024

(3)         KOTAK BANK  -

Ø Buy price : 1800

Ø Strong Support : 1760

Ø Resistance price :  1828 -1840

   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 – 12.01.2024

 (4) PNB -

Ø Buy price : 98

Ø Strong Support : 85

Ø Resistance price : 104 -112 - 118

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

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

Rationale report - 19.01.2024

Recommended stocks on – 18.01.2024

 (1) ACC -

Ø Buy price : 2230

Ø Strong Support : 2217

Ø Resistance price : 2260 - 2283 – 2290 - 2303

Recommended stocks on – 18.01.2024

 (2) ACC -

Ø Buy price : 2260

Ø Strong Support : 2217

Ø Resistance price : 2283 – 2290 - 2303

   Reasons for Buy Recommended –

Given the current bearish indicators and recent downward trend, ACC Limited may not be an ideal short-term buy at this moment. However, the oversold RSI indicates a potential for a short-term rebound.

Recommended stocks on – 17.01.2024

(3) NIFTY -

Ø Buy price : 21474

Ø Strong Support : 21404

Ø Resistance price : 21670 - 21737 - 21808

Recommended stocks on – 17.01.2024

(4) NIFTY -

Ø Buy price : 21670

Ø Strong Support : 21404

Ø Resistance price : 21737 - 21808

   Reasons for Buy Recommended –

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

Recommended stocks on – 17.01.2024

(5  ) KOTAK BANK  -

Ø Buy price : 1770

Ø Strong Support : 1760

Ø Resistance price :  1800 – 1818

   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 – 16.01.2024

(6) CIPLA -

Ø Buy price : 1288

Ø Strong Support : 1280

Ø Resistance price :  1307 - 1323 -1330

   Recommended stocks on – 16.01.2024

(7) CIPLA -

Ø Buy price : 1307

Ø Strong Support : 1280

Ø Resistance price : 1323 -1330

   Reasons for Buy Recommended –

Cipla is a prominent player in the pharmaceutical sector, known for its extensive product portfolio and commitment to affordable healthcare solutions.

Cipla's strong fundamentals and strategic position in the pharmaceutical industry make it a viable option for  investment.

Recommended stocks on – 12.01.2024

 (8) PNB -

Ø Buy price : 98

Ø Strong Support : 85

Ø Resistance price : 104 -112 - 118

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

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