Recommended stocks on – 27.03.2024
(1) M & M -
Ø Buy price : 1858
Ø Strong Support :
1830
Ø Resistance price : 1874 - 1880
Reasons
for Buy Recommended –
Mahindra
& Mahindra appears bullish for the long term due to its strong
fundamentals, leadership in key sectors, EV plans, and alignment with growth
trends in India’s economy
M&M has a strong balance sheet, with
manageable debt levels, supporting its growth initiatives.
Recommended
stocks on – 26.03.2024
(2) KOTAK BANK -
Ø Buy price : 1768
Ø Strong Support :
1737
Ø Resistance price : 1783 – 1790 - 1800
Reasons
for Buy Recommended –
Strong Fundamentals - Kotak Mahindra Bank has
a robust capital adequacy ratio (CAR), often exceeding regulatory
requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating
effective risk management. Strong retail and corporate loan portfolio
diversification reduces risk.
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