Hot Stocks | 30 April 2024 š„
SENSEX and NIFTY are trading with gains on Friday despite a slight fall. Technical experts suggest that the market is showing strength with a ‘Buy on Dip’ policy.
- š NIFTY index may face challenges in the short term between 22,600-22,800 levels according to technical analyst Rajesh Bhosale. Immediate support for the negative side is at 22,300, which is equal to its 20 EMA level.
- š Bhosale recommends two shares for investors that can yield returns of up to 8.4% in a short period.
- š¼ Engineers India shares are advised for investment with a target price of ā¹257 and a stop loss at ā¹222. The stock has bounced back from the 89 EMA support level and formed a bullish ‘Inverse Head and Shoulders’ pattern.
- š¹ RSI Smoothed Indicator has recently shown buying opportunity in Engineers India shares. It is advised to buy the stock at ā¹236-234.
- š° NLC India shares are recommended for purchase with a target price of ā¹265 and a stop loss at ā¹238. The stock has the potential to provide returns of up to 6% in a short period.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
