Now Reading: Anand Rathi recommends BEL, Kaynes, BEML and UNO Minda
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Anand Rathi recommends BEL, Kaynes, BEML and UNO Minda
Anand Rathi’s Ganesh Dongre expects the Nifty 50’s pullback to hold above 24,050 and recommends BEL, Kaynes Technology, BEML and UNO Minda. The index has fallen for four consecutive sessions, from 24,583…
The Story in Brief
Anand Rathi’s Ganesh Dongre expects the Nifty 50’s pullback to hold above 24,050 and recommends BEL, Kaynes Technology, BEML and UNO Minda. The index has fallen for four consecutive sessions, from 24,583 to 24,366, according to LiveMint. Dongre said the broader market structure remains constructive and expects renewed momentum if the Nifty sustains levels above 24,500, with a possible move towards 25,000.
His technical targets are Rs 450 to Rs 500 for BEL, Rs 4,800 to Rs 5,000 for Kaynes Technology, Rs 2,200 for BEML and Rs 1,400 to Rs 1,500 for UNO Minda. The recommendations depend on price breakouts, trading volume and support levels. LiveMint carried a disclaimer that these are individual analyst views and advised investors to consult certified experts before investing.
The Indian Opinion
The easy story is that defence, railways and electronics themes make these shares automatic Independence Day buys. That is promotional shorthand, not a valuation case. Technical targets can fail, especially when they depend on breakouts that have not yet happened. Investors should treat the levels as conditions, not promises, and check whether volume confirms each move. The Nifty’s 24,050 support and sustained trade above 24,500 offer a clearer test than patriotic market narratives.
Source: livemint.com
This story was synthesised by AI from the source linked above.
