Indian markets closed flat on Monday as investors preferred to book profits at higher levels. The S&P BSE Sensex managed to hold on to 60,000, while the Nifty50 closed flat with marginal gains.

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On the sectoral front, buying was seen in autos, realty, oil & gas, public sector while profit-taking was seen in IT, healthcare, FMCG, and capital goods.

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Stocks that were in focus include EIH rose 12 per cent, Indian Hotels rose nearly 6 percent, and PVR closed with gains of over 5 percent. All stocks hit a fresh 52-week high on Monday.

Here's what Jatin Gohil, Technical Analyst at Reliance Securities, recommends investors should do with these stocks when the market resumes trading today:

EIH: Can deploy fresh positions

Continuing its prior daily rising trend, the stock rose to a 2-½ year high of Rs150.95 on Monday. The stock reported 56.5% rise so far year till date.

The key technical indicators are positively poised on the medium-term timeframe chart. The stock has the potential to move towards Rs180 initially and then towards Rs210 subsequently in the medium-term.

A fresh long position can be initiated at the current juncture and on dips towards Rs125.

Indian Hotels: Bullish view intact

The stock extended gain after a breakout from the bullish continuation pattern and recorded a new high of Rs200.50. The key technical indicators are in favour of the bulls.

This could lead the stock towards Rs215-228-235, which coincides with its key Fibonacci Extension levels of prior up-move. A fresh long position can be initiated at the current juncture and on dips towards Rs175.

PVR: Buy on dips

The stock witnessed a breakout from bullish continuation pattern-Flag for the week ended September 24. The stock extended gains subsequently and rose to a 1-½ year high of Rs1,661.95.

Major moving averages are sloping upwards on the short-term timeframe chart. This could take the stock towards the Rs1,750-1,800 zone. The stock is highly volatile and reported a 20% gain month-till-date.

Hence, a fresh long position should be initiated only on declines for better risk-reward. The stock may test the Rs1,550-1,500 zone before it resumes up-move.

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