Buy, Sell or Hold: What should investors do with Rashtriya Chemicals, GSFC and Suven Pharma?

The Indian market ended positive for the second day in a row with benchmarks settling with nearly 0.6% gains each on Wednesday. The Nifty50 held on to 17,300 and the Sensex rose 350 points amid positive global cues and softening crude. The former saw 32 shares advancing and 18 declining as the index settled at 17,325, while 20 shares sat in the green and 10 ended in the red on the 30-share Sensex. 

Nifty midcap and small cap indices added 0.41% and 0.34% to their previous closing as India VIX stood near 21-mark. 

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Sectorally, pharma, healthcare, consumer durables and financial services saw buying interest, while PSU Bank, media, oil & gas were seen under maximum pressure. 

Stocks that were in focus included Rashtriya Chemicals, which ended with gains of over 13%, GSFC that rose nearly 7% after trading on fresh 52-week high value and Suven Pharma settled with over 4% on Tuesday 

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

1. RASHTRIYA CHEMICALS

RASHTRIYA CHEMICALS has given a breakout of the sideways trend. It also has the support of 8 and 40 EMA. We have also observed the momentum indicators like RSI and MACD indicating the positive momentum in the market. We recommend a Buy on the stock above 93 with a Target of 110 and Stop Loss of 80.

2. GSFC

GSFC has given a breakout of all time high and has picked up momentum after reversal from the support of 200 EMA. We have also observed the momentum indicators like RSI and MACD indicating the positive momentum in the market. We recommend a Buy on the stock above 165 with a Target of 220 and Stop Loss of 120.

3. SUVEN PHARMA

SUVEN PHARMA has given a breakout of all time high and has picked up momentum since then. We have also observed the momentum indicators like RSI and MACD indicating the positive momentum in the market. We recommend a Buy on the stock above 620 with a Target of 710 and Stop Loss of 540.

Disclaimer: The views/suggestions/advice 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.