The Indian markets were closed in the green for the 6th consecutive day in the trading of the period. Sensex-Nifty managed to close at new high yesterday. The Sensex had set a new high of 55,680. At the same time, Nifty50 had set a record high of 16,589 in intraday.
Metal, energy, oil & gas and FMCG saw a rise in the trading of the previous day. At the same time, selling was seen in telecom, auto, consumer durables and capital goods.
Apollo Hospitals gained over 7 per cent, Tata Steel nearly 4 per cent and KPIT Technologies gained over 5 per cent in yesterday’s trade. These three stocks had a 52-week high yesterday.
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Advice of Vikas Jain of Reliance Securities on these three stocks
Vikas Jain’s advice at Apollo Hospitals is to stay for a target of Rs 4,600. After the first quarter results, this stock has been shown going to record high. All the technical indicators are indicating further upside in this stock. Its target is Rs 4,600. In any fall, it is seeing support around Rs 3,920.
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KPIT TechnologiesVikas Jain’s profit taking advice is given in this stock. This stock has seen profit recovery from its all-time high of Rs 385. In the next few weeks, a downside level of Rs 300 can also be seen in this stock.
Vikas Jain has a hold on Tata Steel, target of Rs 1,650.
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