Business

Trade Spotlight | Find out from experts at Smartlink Holdings, HCL Tech, Mindtech and L&T Finance Holdings.

What investors in Smartlink Holdings, HCL Tech, Mindtech and L&T Finance Holdings will do now

After a three-day rally, the market closed with a slight loss on December 24 as selling pressures were seen in all sectors except IT. The Nifty was able to hold at 17,000 and closed about 17 points lower at 17,004, while the BSE Sensex closed about 200 points lower at 57,124.

The broader markets saw a higher correction than benchmark indices, with the Nifty Midcap 100 and Smallcap 100 each falling 1 percent and 0.5 percent, respectively.

At the moment, SmartLink Holdings closed at Rs 142.65 with a market capitalization of Rs 142 crore with a market capitalization of 20 per cent and Mindteck closed at Rs 167.45 with a market capitalization of Rs 430 crore above 5 per cent. Circuit, these were two stocks

Rumor Stock: RBL Bank, HP Adhesives, Vedanta and Other Stocks Today’s Headline and Focus

On the other hand, HCL Technologies Nifty 50 rose 3.08 per cent to Rs 1,265.20 and its market cap rose to Rs 3.43 lakh crore. L&T Finance Holdings fell 6.9 per cent to Rs 76.90 with a market cap of Rs 19,024 crore.

Get feedback on your investment in these stocks from Rajesh Palvia of Axis Securities

Smartlink Holdings

Rajesh Palvia said the stock is well placed in its 20, 50 and 100-day SMAs showing short-term and medium-term bullish sentiment. Investors should buy, hold and deposit this stock for an expected bounce of Rs 165-180 with a downward stop of Rs 120-105.

HCL Technologies

Commenting on the stock, Rajesh Palvia said that the stock is well placed in its 20, 50 and 100-day SMAs showing short-term and medium-term bullish sentiment. Investors should buy, hold and deposit the stock with downward stops of Rs 1,200-1,190 for the expected rally of Rs 1,330-1,360.

RBI’s big move against RBL Bank, find out the views of brokerage houses on investment

MindTech

He said that daily and weekly strength indicators RSI is in bullish mode with positive crossover and is giving bullish signals. Therefore, investors should buy, hold and deposit this stock for an expected bounce of Rs 200-215 with a downside stop loss of Rs 150-130.

L&T Finance Holdings

Rajesh said about this stock that it is below its 20, 50, 100 and 200 day SMA which is giving bearish bearish signal. On the other hand, the strength indicator RSI is always in bearish mode in the frame which indicates further weakness. So any short-term pullback at the 80-90 level should come out of the assembly. On the downside, it has a significant support zone at the Rs 65-60 level.

(Disclaimer: The opinions and investment advice given on dgmartpro.com are the personal opinions and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)

Show More

Related Articles

Leave a Reply

Back to top button