Recommended
stocks on – 16.04.2024
(1) RELIANCE -
Ø Buy price : 2826
Ø Strong Support : 2744
Ø Resistance price : 2847 - 2860 – 2873
Reasons for Buy Recommended –
Futures data shows a increase in futures price
accompanied by an increase in open interest, suggesting potential positive
price movement in the coming days.
(2) KOTAK BANK -
Ø Buy price : 1650
Ø Strong Support : 1590
Ø Resistance price : 1664 – 1673 – 1680 -1694 -1703
Reasons for Buy Recommended –
A bullish sentiment for Kotak Mahindra
Bank can stem from several factors, such as its strong fundamentals, consistent
performance in the banking sector, innovative financial services, and growth in
India's economy.
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.
Recommended
stocks on – 13.05.2024
(3) BHEL -
Ø Buy price : 280
Ø Strong Support : 255
Ø Resistance price : 288 - 293 – 303
Reasons for Buy Recommended –
The Indian government's focus on infrastructure development, including
power generation, transmission, and renewable energy, is a major positive for
BHEL. Increasing investments in thermal and renewable energy projects are likely
to create long-term opportunities for the company.
BHEL is expanding into
non-traditional segments such as defense, transportation (metro rail systems),
and renewable energy (solar and wind).Its push towards diversification reduces
dependency on traditional thermal power projects.
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