ICICI Pru, IIFL Wealth: Trading strategies for buzzing stocks of the day

IIFL Wealth Management is heading towards a new all time high, as per charts

The benchmark indices recorded another day of solid gains, vaulting past crucial levels amid robust India Inc earnings and promising macroeconomic data. The BSE Sensex crossed the 54,000-mark for the first time while NSE Nifty topped 16,200. 

"Tuesday’s rise in VIX by 7.36 per cent prompts us to be cautious once Nifty is in the 16,200-250 vicinity. However, unless a pullback below 16,090 or 16,030 is seen, favoured view expects upsides to continue aiming for 16,350 and well beyond," said Anand James, Chief Market Strategist at Geojit Financial Services.

While action remained hot at the flagship level, there were certain