Produced by: Prashun Talukdar
Benchmark indices on Monday settled lower, dragged by state-owned banks, media, metal and energy stocks. The 30-share BSE Sensex tanked 523 points or 0.73% to close at 71,072 and the broader NSE Nifty index moved 166 points or 0.76% down to close at 21,616. India VIX, fear index, jumped 3.98% to end at 16.06-level.
For February 13 (Tuesday), market analyst from a domestic brokerage has assigned 'Buy' calls on Wipro, Kalyan Jewellers and Dr Reddy's shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 501.15 | SL: Rs 480 An analyst from LKP Securities has given a 'Buy' call on Wipro shares with target prices of Rs 530-550. The scrip has risen 25.10% in the past one year. "The stock is exhibiting a bullish outlook. With lower-end support identified at Rs 480, serving as a cushion for the bulls, the stock presents an upside potential target of Rs 530-550," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
LTP: Rs 365.05 | SL: Rs 354 The LKP analyst has also selected Kalyan Jewellers India Ltd shares in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 400-410 per share. The multibagger scrip has gained 239.11% in a year. "In the short-term, there is a potential for the stock to reach Rs 400-410 levels. Support is established at Rs 354," Shah stated.
LTP: Rs 6,321 | SL: Rs 6,150 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 jumped 39.70% in the past one year. "Lower-end support is identified at Rs 6,150, indicating a potential cushion for the bulls. The stock's upside potential targets are set at Rs 6,500-6,700," Shah mentioned.
"Nifty may remain 'sell-on-rise' as long as it remains below 21,850. Support is situated at 21,500," said Rupak De, Senior Technical Analyst, LKP Securities.
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