Now Reading: Analyst names Ambuja Cements, Asahi India Glass and Pfizer as buy calls
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Analyst names Ambuja Cements, Asahi India Glass and Pfizer as buy calls
Nuvama Wealth Management analyst Aakash K Hindocha named Ambuja Cements, Asahi India Glass and Pfizer as buy calls for 6 August 2026. The suggested targets were ₹478, ₹990 and ₹5,280 respectively, with…
The Story in Brief
Nuvama Wealth Management analyst Aakash K Hindocha named Ambuja Cements, Asahi India Glass and Pfizer as buy calls for 6 August 2026. The suggested targets were ₹478, ₹990 and ₹5,280 respectively, with stop-loss levels at ₹427, ₹892 and ₹4,700. The recommendations were based on chart signals, including breakouts, higher lows, trendline breaks and recoveries above the 200-day moving average.
The Nifty ended slightly higher after an intraday decline and a CAS adjustment. Its 200-day moving average near 24,775 was identified as resistance, with a longer-term view towards 25,500. Bank Nifty showed similar recovery patterns, with possible upside towards 58,500-58,850. The analyst cited cooler oil prices and lower US 10-year yields as factors behind the rally.
The Indian Opinion
These are technical market calls, not assurances of returns. Breakouts and moving average signals can fail, while the article does not estimate the likelihood of success. The targets and stop-losses offer a clear framework, but investors still face market and company-specific risks. Views about oil prices, bond yields and short covering remain uncertain. Readers may reasonably use the calls as one input after considering their own time horizon and risk tolerance.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
