08:28 AM IST
Anil Singhvi: Unless coronavirus vaccine comes, things will not improve significantly
EXPLAINED! Anil Singhvi on his campaign to protect investors and save their hard-earned money; reveals market strategy going forward
Share market today: Abbott India, Aavas Financiers share prices rise, fight off negative Sensex, Nifty trend
Anil Singhvi’s Strategy March 30: 8,300-8,400 is Next Support Zone on Nifty
Stocks in Focus on March 30: MCX, Delta Corp to Lupin; here are the 5 Newsmakers of the DayThe domestic market is expected to open higher after Asian shares extended their recovery from two-month lows into a fifth day as the Wall Street market volatility gauge fell, while the US dollar was undermined by various worries including rising inflation.
At 8:30 am, SGX Nifty was trading at 10,588.50, up 31.50 points or 0.30 per cent.
Below are the key trading ideas for Friday's trade:
1) PNB (Buy)
Target: Rs 140
Stoploss: Rs 125
CMP: Rs 128
- ED confiscated funds worth Rs 5100 crore
- The stock jumped post recapitalisation from Rs 128.80 level itself
- Pullback expected on technical charts.
- Short-covering possible ahead of expiry
- JP Morgan has a neutral rating with a target of Rs 195
2) RAMCO SYSTEMS (Buy)
Target: Rs 480
Stoploss: Rs 467
CMP: Rs 470
- Mid and smallcap IT firms are on an uptrend
- The stock remained stable amid broader market volatility
3) BHEL (Buy)
Target: Rs 98
Stoploss: Rs 93
CMP: Rs 94.70
- The company received orders worth Rs 560 for emission Control
4) IRB Infra (Buy)
Target: Rs 232
Stoploss: Rs 225
CMP: Rs 227.35
- Financial closure of NHAI road project
- Financial closure completed for Kishangarh-Gulabpura toll
- The project is worth Rs 1020
5) INDOCO REMEDIES (Buy)
Target: Rs 270
Stoploss: Rs 258
CMP: Rs 270
- Received GMP certificate for Goa unit from European regulator
6) WOCKHARDT (Sell)
Target: Rs 780
Stoploss: Rs 800
CMP: Rs 794.70
- Sell-off going on post Q3 earnings
- Buy calls receding in futures trade
7) MOTHERSON SUMI SYSTEMS (Sell)
Target: Rs 325
Stoploss: Rs 347
CMP: Rs 343.25
- The stock settled at day's low in previous session
- Buy calls receding in futures trade
8) GRANUELS (Sell)
- Sell-off going on for last two days
- Sell-off on the back of heavy volumes
9) Prakash Industries (Buy)
Target: 226
Stoploss: Rs 217
- The company will issue convertible warrents worth Rs 1 crore to promoters
- The company plans to raise Rs 208 crore
10) ZEE ENTERTAINMENT (Buy)
Target: Rs 600
Stoploss: Rs 560
CMP: Rs 571
- Morgan Stanley overweight on the stock with a target price of Rs 610
- Motilal Oswal also has a Buy rating with a target price of Rs 705
(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)
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