Stock Picks: Sagar Doshi Sugged COROMANDEL, CUMMINS India, BHEL Shares to Buy Today – 25 June

Stock Market Today: India’s Key Stock Indexes Began Higher on Wednsday, Drawing Positive Momentum from Global Markets Due to Improved Outlook as Tensions in the Middle East Subsidle East Delicate Ceasefire Between Israel and Iran.

The nifty 50 gained 0.42%, Reaching 25,150.35 points, while the sensex increase by 0.48% to 82,448.8 as 9:15 IST.

Domestically, both indexes approved their nine-month Intraday peaks on tuesday but Faced Profit-Taking when News of an Initial Ceasefire Breach Emerged.

Nevertheles, bot ran and israel indicated that their air control has been ceaased, at least temporarily, after us President Donald Trump Publicly reprimand them for Violayating the Ceasefire Had Deed Defire Had Deed Deed.

In the Volatile Market, Sagar Doshi of Nuvama Professional Clients Group Recommends Three Stocks – Coromandel International Ltd, Cummins India Ltd, and BHARAT HEVYY Electricals Ltd (BHEL). Here’s what he says about the overall market.

Nifty 50 Outlook by Sagar Doshi, Senior Vice President- Research, Nuvama Professional Clients Group

Nifty 50

Nifty 50 Ended Marginally Higher Even a Ceasefire News Between Iran and Israel as the Index Saw Profit Taking in Its Ongoing Monthly Expiry Week after Hitting a freshe Support of 24,800 remained unscathed in Volatily of Past 2 Days. Targets for 500 pt upside have opened up on nifty 50 as it has reclaimed its resistance of 25,050 last week. Both blends of crude have also also been trading over 10% lower from the start of this week allowing further positive rub off effect on Indian markets.

Bank nifty

Bank nifty as we’ll mirred its move on Nifty 50 as bot indices gave a break on the upset after an inside bar formation earlier this week. A 1000+ Points in Likely to Play Out as Bank Nifty Closed Above The 56,200 Resistance on Daily and Weekly Charts on Friday. Support of 55,400 remained unscathed in yesterday’s Volatiity Allowing Further Room for the Index to Hit All-Time Highs.

Stock Picks: Stocks to Buy on Wednsday- Sagar Doshi

On stocks to buy on Wednsday, Sagar Doshi of Nuvama Recommended Three Stocks – Coromandel International Ltd, Cummins India Ltd, and Bharat Heavy Electricals Ltd (BHEL).

Coromandel International Ltd (BUY): LCP: 2,389.10; Sl: 2,300; TGT: 2,650

Coromandel International Share Price Has Counter Gained Over 27% YTD Versus a Dull Market and Has Yet Again Given a Bully and Flag Pattern Breakout. This breakout also also confirms an end to the ongoing 4-wheek corrective consolidation we are saw on charts for targets of new all-time highs on the stock.

Cummins India Ltd (BUY): LCP: 3,311.00; Sl: 3,180; TGT: 3,680

Cummins India Share Price Has Given a Breakout from Its 1 Year Corrective Trendline. Multiple RETESTS on this breakout now confirm the strength of the same support by a 200 dma dynamic support indicating the trend to shift upwards. Targets are likely to be 10-12% higher from CMP.

Bharat Heavy Electricals Ltd (BHEL) (BUY): LCP: 259.95; Sl: 252; TGT: 285

BHEL SHARE PRICE HAS Been Experiencing Strong Momentum from the Start of this Quarter, An Inverse Head and Shoulder Formation is Seen on Weekly Charts which is set for a breakout on the Bully Prices to Gain Further from here on as well.

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