📈 Stocks To Buy 02 April 2024 📉
Nifty: Nifty ended the monthly F&O expiry session on a strong note, closing with solid gains. It also broke above the resistance trendline, which fell from record highs. This has boosted hopes for a strong start to the April series. Experts predict that as long as the index stays above 22,300, there is a possibility of touching a new record high in the coming days. Nifty has found strong support from the level of 22,000. On 28th March, Nifty closed 203 points higher at 22,327.
Kotak Securities: Executive Vice President (Fundamental and Technical Research) Shrikant Chauhan of Kotak Securities has recommended 3 stocks for investors. He said that all three stocks are looking strong on the technical chart and investors can keep an eye on them on Monday, 1st April.
Canara Bank: After a recent decline, Canara Bank’s stock has broken out from a strong bullish candlestick pattern in the triangle chart pattern. As long as the stock stays above 560 rupees, positional traders can take a positive stance on it and achieve a target price of 620 rupees. Canara Bank’s stock rose by 3% on Thursday, 28th March to reach 581 rupees. On Tuesday (02 April 2024), the stock was trading at 594 rupees with a 0.81% increase.
Bajaj Finance: In the coming days, there is a possibility of a rise in Bajaj Finance’s stock. As long as the stock is trading above 6,980 rupees, the bullish trend is likely to continue. Above this, the stock can reach up to 7,750 rupees. On the other hand, fresh selling may be seen in the stock if it falls below 6,980 rupees. Bajaj Finance’s stock rose by 7% on Thursday, 28th March to reach 7,245 rupees. On Tuesday (02 April 2024), the stock was trading at 7,200 rupees with a 0.70% decrease.
Tata Motors: Tata Motors’ stock represents a new trend of positivity in the near term. As long as the stock is trading above 3,880 rupees, traders can take a positive stance on it and set a target price of 4,300 rupees. Tata Motors’ stock also closed with a nearly 3% increase on Thursday, 28th March at 4,019 rupees. On Tuesday (02 April 2024), the stock was trading at 3,926 rupees with a 0.52% decrease.
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.
