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Benchmark indices settled higher on Friday, led by gains in banks and financials. The 30-share BSE Sensex rose 167 points or 0.23% to close at 71,595 and the broader NSE Nifty index moved 65 points or 0.3% up to close at 21,783. India VIX, fear index, fell 2.4% to end at 15.45-level.
For February 12 (Monday), market analyst from a domestic brokerage has assigned 'Buy' calls on Adani Ports, ACC and Dr Reddy's shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 1,272.4 | SL: Rs 1,230 An analyst from LKP Securities has given a 'Buy' call on Adani Ports shares with target prices of Rs 1,370-1,420. The multibagger scrip has rallied 129.8% in the past one year. "The support level for Adani Ports is identified at Rs 1,230, serving as a key level for potential bullish movements. With the current technical setup, Adani Ports presents potential upside targets of Rs 1,370-1,420," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
LTP: Rs 2,629.7 | SL: Rs 2,540 The LKP analyst has also selected ACC Ltd shares in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 6,500-6,700 per share. The scrip has jumped 44.24% in a year. "ACC has been exhibiting a robust uptrend. The lower-end support for ACC is positioned at Rs 2,500, offering a crucial level for bulls. The potential upside targets for the stock are projected at Rs 2,720-2,780," Shah stated.
LTP: Rs 6,134 | SL: Rs 5,940 The analyst from brokerage LKP has included Dr Reddy's Laboratories' shares in his stock picks as well with a 'Buy' call for targets of Rs 6,500-6,700. The scrip has risen 35.57% in the past one year. "The stock has a lower-end support level at Rs 5,940, acting as a key level for potential bullish moves. According to the pattern analysis, the potential upside targets are projected at Rs 6,500-6,700," Shah mentioned.
"Nifty's trend could weaken if it decisively drops below 21,690. A decisive fall below 21,690 may trigger a correction towards 21,500. On the contrary, if it moves above 21,800, we might observe a recovery in the near term," said Rupak De, Senior Technical Analyst, LKP Securities.
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