Saturday, January 20, 2024

Rationale report - 17.01.2024


Recommended stocks on – 17.01.2024

(1) 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 – 16.01.2024

(2) 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 – 16.01.2024

 (3) GODREJ PROP. -

Ø Buy price : 2270

Ø Strong Support : 2260

Ø Resistance price : 2303 - 2323

Recommended stocks on – 16.01.2024

 (4) GODREJ PROP. -

Ø Buy price : 2303

Ø Strong Support : 2260

Ø Resistance price : 2323

   Reasons for Buy Recommended –

While technical indicators currently suggest a bullish trend.


Recommended stocks on – 15.01.2024

 (5) GUJARAT GAS -

Ø Buy price : 535

Ø Strong Support : 488

Ø Resistance price : 550 - 563

   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.

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