1 month ago

Indian Stock Market Gains Amid Oil Price Surge

Indian Stock Market Gains Amid Oil Price Surge
Stocks to buy for short term: Amol Athawale of Kotak Securities recommends 3 shares for next 1-2 weeks · livemint.com

The Indian stock market went up a little on June 20, even though oil prices were high and there were worries about the US and Iran.

A big factory report said the economy was doing well.

A broker named Amol Athawale said the market could keep going up if it stays above certain price levels.

He also picked three companies – JSW Steel, Sun TV Network, and Max Financial Services – for people to buy for the next one or two weeks.

He gave each company a target price and a stop‑loss price to help traders decide when to buy or sell.

Key facts

Market
Sensex and Nifty 50
Date
June 20, 2024
Key Support
24,100–24,150
Target Index
24,400–24,500
Stocks Recommended
JSW Steel, Sun TV Network, Max Financial Services

Quotes

Amol Athawale

VP - Technical Research at Kotak Securities

“"The closing above the resistance line indicates further bullish momentum to continue from the current levels. For the next few trading sessions, ₹1,230 could be the trend decider level for the bulls. If it sustains above the same, we can expect further uptrend towards ₹1,360,"”
livemint.com
“"As long as the stock is trading above ₹498, the bullish texture is likely to continue. Above which, the stock could move up to ₹540,"”
livemint.com

Sources

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