Produced by: Prashun Talukdar
Domestic benchmarks on Tuesday settled slightly higher, led by gains in consumer and realty stocks. Headline index NSE Nifty closed 32 points 0.14% xhigher at 22,336-level. The 30-share BSE pack rose 90 points or 0.12% to end at 73,738. India VIX, fear index, slumped 19.72% to 10.20-level.
For April 24 (Wednesday), market analysts from a domestic brokerage have assigned 'Buy' calls for IDFC First Bank, IRCTC and Bharat Forge shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 83.50 | SL: Rs 80 Analysts from Religare Broking have given 'Buy' call on IDFC First Bank Ltd shares with a target price of Rs 91. The scrip has jumped 43.35% in the past one year. "The stock has witnessed a fresh breakout from corrective phase. We advise traders to accumulate the stock," the domestic brokerage said.
LTP: Rs 1,016 | SL: Rs 970 Religare has also selected Indian Railway Catering And Tourism Corporation Ltd in its stock recommendations. The brokerage has given a 'Buy' call on the counter with a target price of Rs 1,110 per share. The scrip has gained 68.38% in a year. "IRCTC surged vertically after witnessing a breakout from prolonged consolidation phase. Following price action, we expect it to register a breakout and resume its prior uptrend," the brokerage stated.
LTP: Rs 1,207 | SL: Rs 749 Analyst from Religare have included Bharat Forge Ltd in his stock suggestions as well with 'Buy' call for a target of Rs 1,300. The counter has risen 52.65% in the past one year. "The stock is all set to register a breakout. We thus recommend creating fresh longs," the brokerage mentioned.
"Nifty has now recovered more than 61.8% of the recent fall from its all-time high of 22,775. Amidst all, the onset of general elections and corporate earnings season will lead the trend in near term. Support for Nifty remains at 22,200 and 21,850 levels, whereas resistance at 22,600 and then 22,900," analysts at Religare said.
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