Diwali stock picks which could be winners over the next few months.
Benchmark
indices have rallied 24% from the previous Diwali till date. But,
after the scorching rally, there is little room for further upside in
the near term as investors fret over the renewed turmoil in Europe
and a possible interest rate hike in the US.
Select stocks will, however, continue to outperform the broader market.We spoke to a few brokerages for their top.
Select stocks will, however, continue to outperform the broader market.We spoke to a few brokerages for their top.
*************LEVELS ON TODAY **************
Nifty seen opening higher; may reclaim 7900 levels.
The 50-share Nifty index is expected to open higher on Monday
following positive trend seen in other Asian markets and SGX Nifty.
Tracking the momentum, the index is expected to reclaim its crucial
psychological level of 7,800 in trade today.
Nifty India
stock futures in Singapore were trading points 124.56 higher at
7,913.55 indicating a gap-up opening on the domestic market.
INTRADAY NEWS FOR TODAY :-
- Godrej Consumer Products Ltd is a 'SELL' call with a target of Rs 876.
- Axis Bank Ltd is a 'BUY' call with a target of Rs 408 and a stop loss of Rs 398.
- UCO Bank is a 'SELL' call with a target of Rs 72 and stop loss of 84.
- HDFC Bank is a 'BUY' call with a target of Rs 925 and stop loss of 889.

SELL NICKEL (OCT.) BELOW 952 TG-937/920/900 SL-970
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