Archive · 28 Aug 2026
Religare’s Ajit Mishra Gives Buy Calls, HUL Sell Strategy
Indian share prices fell on Thursday.
The Nifty and Sensex both ended lower.
Investors were cautious because news from global markets was mixed.
Higher inflation data also kept concerns about US interest rates alive.
Ajit Mishra of Religare Broking said the Nifty is moving within a narrow range.
He identified support near 24,100 to 24,000 and resistance near 24,200.
He suggested buying CG Power and Mazagon Dock Shipbuilders.
He suggested selling Hindustan Unilever futures because its price trend looked weak.
These are trading suggestions with specific target prices and stop losses, not guaranteed results.
Nifty fell 117 points, or 0.48%, to close at 24,090.85 on Thursday.
Sensex declined 539 points, or 0.70%, to finish at 76,933.59 on monthly expiry day.
Ajit Mishra advised a cautious, stock-specific approach amid mixed global cues and firm inflation data.
Mishra recommended buying CG Power at ₹897.90, targeting ₹974 with a stop loss at ₹860.
He recommended buying Mazagon Dock at ₹2,588 and selling Hindustan Unilever futures at ₹2,013.
- Who
- Ajit Mishra, Senior Vice President of Research at Religare Broking, provided the strategies; Indian equity-market participants were affected.
- What
- The Nifty and Sensex declined, while Mishra issued buy recommendations for CG Power and Mazagon Dock Shipbuilders and a sell-futures recommendation for Hindustan Unilever.
- When
- Thursday, on the monthly expiry day; the article also refers to the upcoming Jackson Hole symposium remarks by Federal Reserve Chair Kevin Warsh.
- Where
- The recommendations concern Indian stock markets and the shares of the three companies.
- Why
- Investor sentiment was cautious because of mixed global cues and firm inflation data that kept expectations of US Federal Reserve rate hikes alive.
- Nifty close
- 24,090.85, down 117 points or 0.48%
- Sensex close
- 76,933.59, down 539 points or 0.70%
- CG Power strategy
- Buy at ₹897.90; target ₹974; stop loss ₹860
- Mazagon Dock strategy
- Buy at ₹2,588; target ₹2,810; stop loss ₹2,480
- Hindustan Unilever strategy
- Sell futures at ₹2,013; target ₹1,940; stop loss ₹2,050
- Nifty technical levels
- Support at 24,100–24,000; downside levels at 23,800–23,650; immediate resistance at 24,200