FII inflows, Q3 results boost market
With the announcement of the Union Budget on Monday, market momentum has continued favoring the bulls. Extending its uptrend for a third session, led by gains among Banking, IT, Pharma, and Auto stocks, indexes have surged to record highs.
image for illustrative purpose
Stock Picks
- AAVAS - Above 2000 with a target of 2040 and Stop loss of 1960. It has reversed from the support of 8 DMA.
- ADANIPORTS - Above 563 with a target of 572 and Stop loss of 555. It is an upward trending channel and on the verge of a breakout.
- APLAPOLLO - Above 2750 with a target of 2825 and Stop loss of 2700. . It has reversed from the support of 8 AND 40 EMA.
- CHOLAFIN - Above 468 with a target of 480 and Stop loss of 455. It has a support of 8 and 40 DMA.
- INFRATEL - Above 253 with a target of 265 and Stop loss of 244. It has reversed from the support of 8 and 40 EMA
(Source-CapitalVia)
Mumbai: With the announcement of the Union Budget on Monday, market momentum has continued favoring the bulls. Extending its uptrend for a third session, led by gains among Banking, IT, Pharma, and Auto stocks, indexes have surged to record highs.
Following the positive global cues on economic recovery and continued roll out of vaccines. An increase in FII inflows is further boosting the market confidence. Positive quarterly earnings is leading to a large upgrade in earnings forecast, which is further underpinning the uptrend.
