Stocks to Buy on Monday - Cipla, Vardhman Textiles, Poly Medicure are intraday F&O, cash market, positional picks for these targets
Sandeep Jain recommends Cipla as an intraday pick on Monday. This is from the F&O segment. This stock was recommended at Rs 954. He puts the target price at Rs 965 while the stop loss at Rs 947
The week gone by has been quite eventful for the domestic stock markets. Both, Sensex and Nifty50 made intraday highs before settling in the red on Friday. Over the week, they were up by almost 1.25 per cent. The Nifty Bank also surpassed levels of 38,000 for the first time but witnessed profit booking at top levels later in the day. It ended at 37,811.95, up 143 points or 0.4 per cent from the last closing on Thursday.
The markets started on a positive note only to end negatively, Analyst Sandeep Jain said. The markets are getting cautious, he opined. He recommended three stocks for Monday – one each from the cash markets, Future & Options (F&O) and with a positional term view.
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Watch Zee Business VideoPoly Medicure stock ended at Rs 972.05 on the NSE, up by almost 1.6 per cent from the last closing price. He puts the target price at Rs 1020 while the stop loss at Rs 930.
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