Buy, Sell or Hold: What should investors do with Bharat Dynamics, Sharda Cropchem and Indiamart InterMesh?

Indian markets snapped 5 days of losing streak on Tuesday and closed in the green. The S&P BSE Sensex rose more than 360 points, while the Nifty50 reclaimed 17,200 levels.

Sectorally, buying was seen in the public sector, telecom, power, auto, banks, and realty, while selling was seen in the IT and consumer durable stocks.

See Zee Business Live TV Streaming Below:

Stocks that were in focus, include Bharat Dynamics closed with gains of nearly 4 per cent, Sharda Cropchem closed with gains of 20 per cent, and IndiaMART InterMESH fell by over 14 per cent on Tuesday.

Here's what Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research Limited, recommends investors should do with these stocks when the market resumes trading today:

Bharat Dynamics: Buy

Bharat Dynamics had reversed from the support of 200-EMA and is now trading near its all-time high. We expect the momentum in the stock to continue and break an all-time high.

We recommend a buy-in Bharat Dynamics above 482 with a target of 600 with a stop loss of 400.

Sharda Cropchem: Avoid

Sharda Crop has also reversed from the support of 200-EMA but is currently trading in the overbought zone, and we expect a small correction in the stock. Hence, we do not recommend a Buy on the stock from these levels.

IndiaMART InterMESH: Accumulate

IndiaMART is trading near its support zone between 4,600-4,700. We recommend the investors should accumulate the stock from these levels and hold with the target of 7,800 and a stop loss can be placed below 3,880.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)