These stocks may earn bumper next week, what experts are saying
PowerGrid was the biggest loser in the Sensex group, down 2.76 per cent. Besides, IndusInd Bank, HUL, NTPC, ICICI Bank, HDFC Bank, HDFC Ltd., ITC, Infosys, L&T, Bajaj Finance, Kotak Bank, HCL Tech and Tech Mahindra were also losers. On the other hand, Tata Motors gained the most by 2.94 per cent. Besides this, Titan, Mahindra & Mahindra, SBI and TCS were also among the gainers.
keep an eye on these stocks
There are many such stocks in the stock market, in which a boom can be seen. According to experts, the shares of Bank of Baroda, Tata Motors and CIPLA can see a rise in the next week. Expert advice on Bank of Baroda is to buy near Rs 205 levels. A stoploss of Rs 202 and a target of Rs 225 to 227 can be seen in this. Bank of Baroda share has given a breakout of a pattern on the technical charts which indicates strength in the charts. The stock is also trading above 21 DMA. Tata Motors share is forming higher high higher low formation on the chart.
The share price of Tata Motors is trading at an all-time high. The stock is currently trading above all important moving averages. The stock has moved up with strong volumes indicating strength. Any drop in the stock can be a buying opportunity. Tata Motors can be bought at a CMP of Rs 618.20 with a SL of Rs 590 and a target of Rs 650.
At the same time, experts have advised to buy in Cipla. It can be bought with a stop loss of Rs 1000 and a target price of Rs 1060. The stock is currently trading above all important moving averages. The stock has also moved from the middle band of the Bollinger bands to the upper band. Once the stock crosses the upper band which is near ₹1030 levels then the stock can be seen witnessing an upside rally towards ₹1060 and above levels. with an SL of ₹1000.
How will the market move
The market was seen falling on Friday this week. According to experts, Nifty is facing resistance at 19,500. Right now, further growth in Nifty can be expected only then. Nifty is currently getting support at the level of 19,250. On the other hand, some more selling pressure can be seen in Bank Nifty.