Produced by: Prashun Talukdar
Benchmark indices on Wednesday settled higher, led by gains in state-owned banks, energy, metal and media stocks. The 30-share BSE Sensex rose 268 points or 0.37% to close at 71,823 and the broader NSE Nifty index moved 97 points or 0.45% up to close at 21,840. India VIX, fear index, fell 2.35% to end at 15.44-level.
For February 15 (Thursday), market analyst from a domestic brokerage has assigned 'Buy' calls on GAIL, PNB and Axis Bank shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 176.35 | SL: Rs 165 An analyst from LKP Securities has given a 'Buy' call on GAIL (India) shares with target prices of Rs 190-200. The scrip has surged 85.05% in the past one year. "The stock is exhibiting a strong upward trend. The lower-end support is identified at Rs 165, providing a crucial cushion for the bulls. It has the potential to reach upside targets of Rs 190-200 in the near term," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
LTP: Rs 124.20 | SL: Rs 117 The LKP analyst has also selected Punjab National Bank (PNB) shares in his stock recommendations. He has given a 'Buy' call on the counter with target prices of Rs 130-136 per share. The multibagger scrip has gained 144.01% in a year. "The stock exhibits a clear uptrend on daily charts, rebounding from a correction to find support at its 14-day moving average. Moreover, it recently closed above its 10-day moving average post-correction. The relative strength index (RSI) indicates a bullish crossover," Shah stated.
LTP: Rs 1,097 | SL: Rs 1,050 The analyst from brokerage LKP has included Axis Bank shares in his stock picks as well with a 'Buy' call for targets of Rs 1,150-1,200. The scrip has risen 26.34% in the past one year. "Axis Bank's stock has recently experienced robust buying activity on daily charts. The lower-end support is established at Rs 1,050, acting as a foundation for potential bullish movements. Projected upside targets are Rs 1,150-1,200 in the near term," Shah mentioned.
"For Nifty, the sentiment remains sideways to negative as long as it stays below 21,850. A decisive move above 21,850 might trigger a strong rally. Beyond 21,850, Nifty could potentially move towards 22,200. Support for the near term is positioned at 21,700," said Rupak De, Senior Technical Analyst, LKP Securities.
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