Buy BSE, Ultratech Cement shares; stay cautious on JSW Energy stock, suggests YES Securities
An analyst from YES Securities said that BSE share price has witnessed a strong surge in both price and volume over the past few days, decisively crossing above the 20-week SMA.
- Apr 3, 2025,
- Updated Apr 3, 2025 7:42 AM IST
Indian stock markets managed to rebound from previous day's jitters and settled with decent gains on Wednesday, bucking the mixed global cues ahead of reciprocal tariffs from the US. BSE Sensex jumped 592.93 points, or 0.78 per cent to settle at 76,617.44 for the day, while NSE Nifty50 index gained 166.65 points, or 0.72 per cent to end the session at 23,332.35.
Some buzzing stocks including BSE, UltraTech Cement and JSW Energy are likely to remain under the spotlight of traders for the session today. Here is what Laxmikant Shukla, Senior Technical Analyst at YES Securities has to about these stocks ahead of Thursday's trading session:
UltraTech Cement has been on a three-day decline but signs of a potential recovery are emerging as the stock stabilizes near its 100-day SMA, indicating a possible pullback. A decisive breakout above last week's high of Rs 11,700 could trigger further upward momentum, paving the way for a potential rise towards Rs 12,200. It is crucial for UltraTech to sustain levels above Rs 10,700 to maintain this positive sentiment.
Indian stock markets managed to rebound from previous day's jitters and settled with decent gains on Wednesday, bucking the mixed global cues ahead of reciprocal tariffs from the US. BSE Sensex jumped 592.93 points, or 0.78 per cent to settle at 76,617.44 for the day, while NSE Nifty50 index gained 166.65 points, or 0.72 per cent to end the session at 23,332.35.
Some buzzing stocks including BSE, UltraTech Cement and JSW Energy are likely to remain under the spotlight of traders for the session today. Here is what Laxmikant Shukla, Senior Technical Analyst at YES Securities has to about these stocks ahead of Thursday's trading session:
UltraTech Cement has been on a three-day decline but signs of a potential recovery are emerging as the stock stabilizes near its 100-day SMA, indicating a possible pullback. A decisive breakout above last week's high of Rs 11,700 could trigger further upward momentum, paving the way for a potential rise towards Rs 12,200. It is crucial for UltraTech to sustain levels above Rs 10,700 to maintain this positive sentiment.