Buy or sell stocks: After moving into a narrow range movement in the last few sessions, the Indian stock market witnessed a decisive intraday upside breakout on Thursday. The Nifty 50 index gained 203 points and closed at the 22,326 level, the BSE Sensex surged 655 points and closed at the 73,651 mark whereas the Bank Nifty index shot up 338 points and ended at the 47,124 level. In the broad market, the small-cap index gained 0.33 percent while the mid-cap index scaled 0.62 percent north on the last trade session of FY24.
Stock market strategy for next week
Sumeet Bagadia, Executive Director at Choice Broking believes that fresh buying was witnessed in frontline stocks of the key benchmark indices. The Choice Broking expert maintained that the Nifty 50 index has gained strength and the frontline index is looking set to climb a new peak in the near term. Bagadia said that Nifty today looks set to enter the 22,700 to 23,200 zone.
Also Read: TCS, Wipro to Infosys: Is it wise to accumulate IT stocks in FY25?
Stocks to buy on Monday
On stocks to buy next week, Sumeet Bagadia recommended three buy or sell stocks — Bajaj Finserv, Power Grid Corporation, and Divi’s Lab. Here we list out full details regarding stock recommendations by Sumeet Bagadia for next week:
1] Bajaj Finserv: Buy at ₹1644, target ₹1740, stop loss ₹1580.
Bajaj Finserv share is currently trading at ₹1643.85 levels. Bajaj Finserv share price weekly chart analysis offers a favorable view for the coming days ahead, indicating a sustainable upside bounce over the…
..