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The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. These do not represent the views of Business Today.Disclaimer: Past performance is no guarantee of future performance. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. The RSI indicator has picked up well and indicated a strong bias to justify our recommendation. One can buy the stock, keeping the stop loss near the 200DMA level of Rs 395, and expect further gains towards Rs 440-450 levels in the coming days. It also boke above the falling trendline zone of Rs 400, further strengthening the overall trend. It crossed its 50-EMA and 200-DMA levels, improving the bias.

Wipro has witnessed a significant upward move in the past two months. Wipro | Buy | Target Price: Rs 440-450 | Stop Loss: Rs 395

One can keep a stop loss at Rs 910 and anticipate for further gains in the coming days. At present, the stock has regained after a short correction and witnessed a fresh round of momentum, with expected target of Rs 980-1,000 level. It broke above the important 50-EMA level of Rs 860, which has strengthened the trend. The zone near Rs 875-880 will offer near-term support, below which the bias and trend would turn negative.Īxis Bank | Buy | Target Price: Rs 980-1000 | Stop Loss: Rs 910Īxis Bank saw a pullback near the significant 200-DMA level of Rs 815, where it bottomed out earlier. If the positive trend sustains, the stock can even achieve the second target of Rs 1,150 level. One can maintain ‘Buy’ on this stock for an initial target of Rs 980. It has moved past the significant 50-EMA level at Rs 740 zone and also the all-important 200-DMA level of Rs 820, strengthen ingthe trend. SBI Card gave a decent rise from the bottom it made near Rs 700-710 levels. SBI Cards and Payment Services | Buy | Target Price: Rs 980-1150 | Stop Loss: Rs 875 Here is what Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher has to say on these stocks ahead of Tuesday's trading session: Select stocks including SBI Cards and Payment Services, Wipro and Axis Bank are likely to remain under the spotlight on Dalal Street for the session. The NSE Nifty rose 59.75 points, or 0.32 per cent, to end the session at 18,593.85. The BSE Sensex gained 240.36 points, 0.38 per cent, to end the day at 62,787.47. Tracking firm global cues, domestic stock indices settled higher on Monday, thanks to buying in select heavyweights.

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