Buy, Sell or Hold: What should investors do with Infibeam, MRPL and Prestige Estate?

Indian stock markets closed with losses of over 1 per cent on Tuesday. The Nifty50 held on to 18,100 levels while the S&P BSE Sensex fell by more than 500 points.

Sectoral buying was seen in banks while profit booking was witnessed in realty, telecom, auto, metals, and capital goods.

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Stocks that were in focus include Infibeam Avenues that closed with gains of over 8 per cent while MRPL closed with gains of over 1 per cent and Prestige Estates rose by over 2 per cent.

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:

Infobeam Avenues: Buy

Infibeam had reversed from the support zone between 38 and 40. The stock has been trading in the momentum since then, and we have observed indicators like EMA and MACD indicating a positive momentum in the stock is likely to continue.

We recommend a buy in Infibeam Avenues above 46 with a target of Rs 58 and stop loss can be placed below Rs 35.

MRPL: Buy

MRPL has been trading in an ascending channel. We have observed momentum indicator like EMA and RSI, indicating that the stock will gain momentum from these levels.

We recommend a buy in MRPL above 47 with a target of 60 and a Stop loss of 38.

Prestige Estate: Buy

The stock is in a bullish trend and has given a breakout of a Flag formation. We have observed indicators like RSI and MACD indicating the momentum in the stock is likely to continue in the long run.

We recommend a buy in Prestige near the levels of 530 with a target of 640 and a Stop loss of 440.

(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.)