Produced by: Prashun Talukdar
Indian equity benchmarks cracked on Friday amid an intense global market rout following US President Donald Trump's new tariff threats. The 30-share BSE Sensex pack corrected 1,414 points or 1.90% to finish at 73,198. The broader NSE Nifty index moved 420 points or 1.86% lower to end at 22,125. India VIX, fear index, jumped 4.39% to 13.91-level.
For March 3 (Monday), an analyst from a domestic brokerage assigned 'Buy/Sell' calls on Kfin Technologies, MOFSL and Cipla shares. Check stock price targets, analysis, investment rationale and other crucial details about these technical bets.
LTP: Rs 868 | SL: Rs 829 The LKP Securities analyst has given a 'Buy' call on Kfin Technologies Ltd shares with a target price of Rs 960. The scrip has risen 28.72% in the past one year. "The stock showed resilience on Friday (last week) despite a selloff in the market. In the short term, the stock may head towards Rs 960. On the lower end, support is placed at Rs 829," said Rupak De, Senior Technical Analyst at LKP Sec.
LTP: Rs 585.75 | SL: Rs 562 The analyst from LKP has also selected Motilal Oswal Financial Services Ltd (MOFSL) in his stock recommendations. He has given a 'Buy' call on the counter with an upside target of Rs 620 per share. The scrip has climbed 36.32% in a year. "In the near term, the stock may hit Rs 620 level. On the downside, support is placed at Rs 562," De stated.
LTP: Rs 1,405 | SL: Rs 1,431 The LKP analyst has included Cipla Ltd as well in his stock suggestions but with a 'Sell' call. The stock can hit a downward target of Rs 1,360, he said. The counter has shed 4.52% in the past one year. "The counter has failed to sustain above the critical moving average on daily timeframes. It may decline towards Rs 1,360 level in the near term, while resistance on the higher end is placed at Rs 1,431," De mentioned.
"Nifty experienced a significant decline on Friday. The index is expected to find support around 21,800-22,000 levels in the near term. A sustained move above 21,800 could lead to a significant recovery, while failure to hold this level may trigger another sharp decline," said Rupak De, Senior Technical Analyst at LKP Securities.
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