Top Stock Market Recommendations

According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Ambuja Cements, Jubilant FoodWorks, and SBI Cards and Payment Services are the top buy calls for today.

Index View: Nifty

After completing its 24k target and reclaiming above the 200 DMA, this is the third consecutive day wherein the index has closed above the same after a 10% flash rally. Given the geopolitical developments and a stretched rally looking tired on charts, we shift our stance to sideways from buy on dip with a short term support seen at 23900 below which weakening momentum could pick up.

Bank Nifty

Bank Nifty continued to lead the charge amongst the widely tracked indices with staging a 1800 odd point rally for this week at yesterday’s high. An additional 2000 points target had opened up on charts after its strong closing on Thursday.

Stock Details

AMBUJACEM (BUY): LCP: 574.35, Stop Loss: 560, Target: 606

JUBLFOOD (BUY): LCP: 713.45, Stop Loss: 685, Target: 765

SBICARD (BUY): LCP: 915.90, Stop Loss: 882, Target: 1005

Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.