Now Reading: Three stocks to buy today: Radico Khaitan, Paytm, DLF
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Three stocks to buy today: Radico Khaitan, Paytm, DLF
The Indian stock market is expected to open lower on Friday, 14 August, tracking weak global cues. Gift Nifty traded around 24,436, a discount of nearly 32 points from Nifty futures’ previous…
The Story in Brief
The Indian stock market is expected to open lower on Friday, 14 August, tracking weak global cues. Gift Nifty traded around 24,436, a discount of nearly 32 points from Nifty futures’ previous close, indicating a muted start for Nifty 50 and Sensex. In the previous session, the Sensex gained 113 points to close at 78,080, while the Nifty 50 fell 40 points to 24,396.
Chandan Taparia, Head of Derivatives & Technicals at Motilal Oswal Financial Services, has recommended three stocks to buy today: Radico Khaitan (target Rs 4,950, stop loss Rs 4,530), Paytm (target Rs 1,750, stop loss Rs 1,600), and DLF (target Rs 705, stop loss Rs 644). He expects Nifty to trade in a range of 24,200, 24,700, with support at 24,300 and resistance at 24,550.
The Indian Opinion
Daily stock tips from analysts make for easy headlines, but retail investors should remember that one person’s target is another’s exit point. The rally in Radico Khaitan near all-time highs and Paytm’s inside-bar breakout look promising on charts, yet both carry execution risk. The real test for the broader market will be whether Nifty holds above 24,400 on a closing basis, failure could trigger a sharper correction. Will the bulls step in or will the eight-day streak of lower highs continue?
Source: livemint.com
This story was synthesised by AI from the source linked above.
