Buy or sell: Sumeet Bagadia recommends two stocks to buy on Thursday — March 28
BSE Sensex was up 543.96 points, or 0.75%, at 73,540.27, while the Nifty 50 was trading 160.00 points, or 0.72%, higher at 22,283.65. The Nifty Midcap 100 and the Nifty Smallcap 100 indices were also trading with decent gains. Analysts believe that the Nifty 50 index sustaining above the 22,200 level may lead to further gains towards 22,400 and 22,500 levels in the coming days.
Conversely, the 22,000 level is anticipated to provide strong support, bolstered by the alignment of the 20, 50, 100, and 200 EMAs (Exponential Moving Average). Moreover, Foreign Institutional Investors (FIIs) continue to show strong interest with net buying, indicating positive sentiment. On stocks to buy today, Sumeet Bagadia, Executive Director at Choice Broking recommends two buy or sell stocks — NLC India and Triveni Turbine.
Also Read: Buy or sell: Osho Krishan of Angel One recommends buying Max Financial Services and Birlasoft today Here are full details of Sumeet Bagadia’s stock recommendations for today: 1] NLC India: Buy at ₹233.10 | Target: ₹250 | Stop Loss: ₹226 NLC India has recently broken out of a consolidation phase that ranged between ₹195 and ₹220. This breakout, accompanied by a bullish candle and rising volume, suggests a potential uptrend in the stock. Additionally, NLC India is trading above its key EMAs, including the 20-day, 50-day, 100-day, and 200-day EMAs.
This indicates a strong positive momentum, implying a sustained upward price trend. The Relative Strength Index (RSI) at 55 further supports this uptrend, indicating an increasing buying pressure, Bagadia said. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 28 For investors looking to enter the market, purchasing NLC India at
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