 "Nirmal Bang recommends buy on Aditya Birla Nuvo, HDFC, Intellect Design")
ADITYA BIRLA NUVO: BUY
Target: Rs 2,200
Stop Loss: Rs 2,020
HDFC : BUY
Target: Rs 1,260
Stop Loss: Rs 1,170
Buy above Rs 1213 with stop loss at Rs 1170 and target Rs 1260. Daily chart indicates that stock has given the breakout of the downward sloping trend line with decent volume. RSI is placed with a positive signal on the midway.
INTELLECT DESIGN : BUY
Target: Rs 265
Stop Loss: Rs 235
Buy above Rs 245 with stop loss at Rs 235 and target Rs 265. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision .
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang
Target: Rs 2,200
Stop Loss: Rs 2,020
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Buy above Rs 2080 with stop loss at Rs 2020 and target Rs 2200. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
HDFC : BUY
Target: Rs 1,260
Stop Loss: Rs 1,170
Buy above Rs 1213 with stop loss at Rs 1170 and target Rs 1260. Daily chart indicates that stock has given the breakout of the downward sloping trend line with decent volume. RSI is placed with a positive signal on the midway.
INTELLECT DESIGN : BUY
Target: Rs 265
Stop Loss: Rs 235
Buy above Rs 245 with stop loss at Rs 235 and target Rs 265. The short term moving averages have converged and are placed with buy signals. On the oscillator front, RSI is placed with a positive signal.
Disclaimer:
Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL ”)is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX stock Exchange Limited. We have been granted certificate of Registration as a Research Analyst with SEBI . Registration no. is INH000001766 for the period 23.09.2015 to 22.09.2020.NBSPL or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst (in case any financial interest is held kindly disclose)NBSPL or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. NBSPL /analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision .
Vikas S. Salunkhe is a Sr. Technical Research Analyst with Nirmal Bang