Bank Nifty traded positively throughout the session, surpassing the headline index. With nutrition, banknifty can rise towards the 39,700-40,000 zone.
Meanwhile, after breaking through the congestion phase, the Nifty Metal Index resumed its upward journey in an unknown territory. The PSU Bank index managed to surpass its February 2009 peak. Retention can motivate you to buy selected public bank stocks.
Stock Recommendations Monday
Purchased near Rs 2,270-2,265
Stop loss: 2,220 rupees
Target Price: Rs 2,370 The bulls have regained upward momentum with sustained movement above the significant average. Active follow-up activities have the potential to unleash further upward potential.
Stop loss: Rs 1,005
Goal: Rs 1,110
After five weeks of losing streak, stock prices remained at Rs 1,000 during the recent decline. With active follow-up, the stock price can exceed Rs 1,100.
(Amit Trivedi is a CMT, technical analyst-YES securities institutional investor. The view is his own)
Day Trading Guide: Two Recommended Stocks on Monday
https://economictimes.indiatimes.com/markets/stocks/news/day-trading-guide-2-stock-recommendations-for-monday/articleshow/87078844.cms Day Trading Guide: Two Recommended Stocks on Monday