Rationale report - 05.08.2024

 Recommended stocks on – 05.08.2024

  (1)  NIFTY FO -

Ø Buy price : 24004

Ø Strong Support : 23770

Ø Resistance price : 24088 - 24108 -24188 – 24202 - 24240

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 – 05.08.2024

  (2)  NIFTY FO -

Ø Buy price : 24040

Ø Strong Support : 23808

Ø Resistance price : 24108 – 24188 – 24202 - 24240

Reasons for Buy Recommended –

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

Recommended stocks on – 05.08.2024

  (3)  ACC LTD -

Ø Buy price : 2380

Ø Strong Support : 2360

Ø Resistance price : 2408 - 2420

Reasons for Buy Recommended –

ACC anticipates improved demand in the second half of FY25, driven by post-monsoon construction and housing activities.

While ACC demonstrates resilience with revenue growth and an optimistic demand outlook.

Recommended stocks on – 28.06.2024

  (4)  NIFTY ( 29 AUG. PE 23500 ) -

Ø Buy price : 170 

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