Indian market closed in the green for the third consecutive day in a row on Thursday following positive trends seen in other Asian markets. The S&P BSE Sensex rallied nearly 400 points while the Nifty50 closed above 17000 levels.

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Sectorally, buying was seen in realty, public sector, oil & gas, power and utilities while selling was seen in telecom and metal stocks.

Stocks that were in focus including Infosys pared gains but closed with gains of nearly 2 per cent, Birlasoft closed with gains of over 5 per cent and Gati Ltd closed with gains of about 15 per cent on Thursday.

Here's what Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today:

Infosys: Buy on dips  

Albeit this counter seems to be in a multi-week consolidation zone it appears that either it has resumed its up move, or it is on the verge of a fresh breakout as hinted by the robust bullish candle on the monthly charts.

On the short-term charts, it seems to be in a consolidation range of 1848 to 1660 levels. Hence, on a strong breakout above 1850 levels, a higher target close to 2000 is quite possible.

Short-term traders with high-risk taking ability can initiate longs with a stop below 1827 on closing basis for a target of 1970.

Traders with moderate risk appetite can buy on dip into the zone of 1810 – 1790 levels by placing a stop below 1770.    

Birlasoft: Hold

Despite hitting new life highs this counter seems to be stuck up in a sideways consolidation for the last couple of weeks. Hence, it needs to sustain above 525 levels on a weekly closing basis with a fresh breakout.

In that scenario, we expect the stock to move towards breakout targets present around 570 levels. For time being, positional traders to own this counter shall remain invested for the said targets with a stop below 508 levels on closing basis.

Gati: Buy on dips

This counter seems to have registered a price and volume breakout as it cleared its critical resistance present around 180 levels.

Hence, as long as this counter sustains above 170 levels it can be expected to head to much higher levels with initial targets of 222.

Considering huge volumes of last trading session, positional traders who want to buy are advised to adopt a two-pronged strategy of buying now and adding on dips into the zone of 184 to 178 levels but stop will remain below 170.

(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.)