Thursday, April 4, 2024

Rationale report - 04.04.2024


Recommended stocks on – 04.04.2024

(1)  NIFTY -

Ø Buy price : 22460

Ø Strong Support : 22303

Ø Resistance price : 22505 – 22575 - 22606

   Reasons for Buy Recommended –

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


Recommended stocks on – 04.04.2024

(2)  GRASIM -

Ø Buy price : 2308 & 2308

Ø Strong Support : 2250

Ø Resistance price : 2290 – 2303 – 2333 - 2350

   Reasons for Buy Recommended –

Grasim maintains a healthy balance sheet with prudent capital allocation strategies. Cash flow generation from core businesses ensures the ability to fund growth initiatives.

Grasim has a history of rewarding shareholders with consistent dividends, adding to its long-term attractiveness.

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