THE NIFTY ENDED POSITIVE ON FRIDAY, HAVING EARLIER HIT A NEAR TWO-YEAR HIGH, WITH IT STOCKS LEADING THE GAINS ON THE DAY OF DERIVATIVES EXPIRY.
THE NIFTY ENDED UP 0.24 PERCENT AT 9,108.00 THE BENCHMARK BSE INDEX CLOSED UP 0.30 PERCENT AT 29,421.40 BENCHMARK INDICES CLOSED HIGHER FOR SIXTH CONSECUTIVE SESSION FRIDAY BUT WERE OFF DAY'S HIGH DUE TO SELLING PRESSURE IN TELECOM AND PSU BANK.
MARCH IS LIKELY TO BE A MONTH OF UNCERTAINTY FOR THE STOCK MARKET WITH THE US FEDERAL RESERVE MEETING TO DECIDE ON RATE INCREASES AND RESULTS OF VARIOUS STATE ELECTIONS DUE. BUT, THAT DID NOT STOP TRADERS FROM CARRYING FORWARD RECORD POSITIONS TO THE MARCH FUTURES AND OPTIONS SERIES (F&O) ON EXPIRY OF MARCH CONTRACTS AS THE NIFTY HIT 52-WEEK HIGH ON 9200 ON FRIDAY.
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WEEKLY STOCK RECOMMENDATION
BUY EROSMEDIA ABOVE 272 TARGETS 276, 280, 284 STOPLOSS 264
BUY SOBHA ABOVE 382 TARGETS 388, 394, 400 STOPLOSS 370
BUY TBZ ABOVE 77 TARGETS 78.5, 80, 81.5 STOPLOSS 74
SELL JINDALSTEL BELOW 119 TARGETS 117, 115, 113 STOPLOSS 123
SELL VENKEYS BELOW 2423 TARGETS 2383, 2343, 230354 STOPLOSS 2503
WEEKLY STOCK RECOMMENDATION
BUY EROSMEDIA ABOVE 272 TARGETS 276, 280, 284 STOPLOSS 264
BUY SOBHA ABOVE 382 TARGETS 388, 394, 400 STOPLOSS 370
BUY TBZ ABOVE 77 TARGETS 78.5, 80, 81.5 STOPLOSS 74
SELL JINDALSTEL BELOW 119 TARGETS 117, 115, 113 STOPLOSS 123
SELL VENKEYS BELOW 2423 TARGETS 2383, 2343, 230354 STOPLOSS 2503
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