On Monday, the markets bounced back from the intraday low and closed with a slight gain. Nifty regained the 15800 level. At the same time, Sensex also managed to close above 52000. Buying was seen in energy, IT, consumer durable and oil & gas stocks in yesterday’s business. On the other hand, power, realty, utilities, and infra stocks remained under pressure.
On June 14, there was pressure on small-medium stocks. The BSE Midcap index slipped 0.6 per cent. While the smallcap index closed 0.16 percent weaker.
Among the stocks in focus in yesterday’s trade, eClerx Services gained over 9 per cent and touched its new 52-week high. Thyrocare Technologies closed in the red after touching a 52-week high. On the other hand, NBCC managed to gain around 5 per cent.
Let us now know what is the opinion of Vikas Jain of Reliance Security on these stocks.
Eclerx: Make Profits
The stock has gained 40 per cent so far this month, which is an indication that profit-booking is on the way. Keeping this in mind, it is advisable to book some profits at the current level.
Thyrocare Technologies: Stay tuned, target Rs 1400
The stock has seen fresh breakout and has made all-time highs with decent volume and has formed a doji candle near its peak. An intraday high of Rs 1324 can act as a mild resistance for the stock and if the stock breaks this level on the upside, then it will see further gains. On the downside, support is visible at 1110-1130 for this.
NBCC: Stay tuned, target Rs 70
On the back of good news, this stock has crossed the 200-week average after a gap of 3 years. Its RSI is still trading above the average line which is a sign of further upside ahead from the current level.
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