After yesterday’s sharp fall, the market is trying to recover today. Nifty is moving close to 24000. Tata Steel, Maruti, IndusIndBank, and Sun Pharma are supporting the market. Bank Nifty seems to be returning to the green mark.
In such a situation, for earning in the short term in the market, a renowned brokerage suggested a cheap option on Glenmark Pharma in a TV show.
While another brokerage firm described NMDC as an F&O superstar stock. Apart from this, a top brokerage bet on Adani Ports for the miracle of the chart.
While another brokerage suggested midcap stock on Protean eGov Tech. Let’s know how much target price the experts gave on which stocks-
Glenmark Pharma
A renowned brokerage has suggested a cheap option in Glenmark Pharma stock. He said that buying a call with a strike of 1800 with a November expiry can give good returns.
Buy it at the level of Rs 35.50. Targets of Rs 52-55 can be seen in this. Also, a stop loss should be placed at Rs 25.
NMDC
A top brokerage was advised to buy NMDC. He said that buy NMDC at the level of Rs 231. Targets of Rs 238-240 can be seen in this in the future. Put a stoploss at Rs 227 in this.
Adani Ports
A brokerage advised to sell Adani Ports. He said that sells Adani Ports at the level of Rs 1320. In this, a target of Rs 1275 can be seen in the medium to long term. Put a stop loss at Rs 1351 in this.
Protean eGov Tech
A renowned brokerage has chosen the stock of Protean eGov Tech from the midcap segment. He said that Protean eGov Tech stock should be bought at the level of Rs 1975 from a long-term perspective.
If it remains in this, a target of Rs 2500 can be seen in the medium to long term.
Quick Fact
| Glenmark Pharma | Details |
|---|---|
| Suggested by | Shilpa Raut |
| Segment | Char Ka Chauka |
| Strategy | Buy Call |
| Strike price | ₹1800 |
| Expiry | November |
| Buy level | ₹35.50 |
| Possible target price | ₹52 – ₹55 |
| Stop loss | ₹25 |
| NMDC | Details |
|---|---|
| Suggested by | Rajesh Palviya |
| Segment | Char Ka Chauka |
| Strategy | Buy |
| Buy level | ₹231 |
| Possible target price | ₹238 – ₹240 |
| Stop loss | ₹227 |
| Adani Ports | Details |
|---|---|
| Suggested by | Manas Jaiswal |
| Segment | Char Ka Chauka |
| Strategy | Sell |
| Sell level | ₹1320 |
| Possible target price | ₹1275 |
| Stop loss | ₹1351 |
| Protean eGov Tech | Details |
|---|---|
| Suggested by | Sanjeev Hota |
| Segment | Midcap Funda Stock |
| Strategy | Buy |
| Buy level | ₹1975 |
| Possible target price | ₹2500 |
| Time | Medium to Long Term |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
