Stocks to buy today: Ultratech, DMart and Bajaj Auto on investors' radar
Equity indices ended lower on Thursday due to selling pressure in index majors as investors turned cautious ahead of the inflation data announcement.
Stocks that were in focus include names like Ultratech Cement, which fell 0.8% and Bajaj Auto, which declined 1.05% and DMart, whose shares fell 0.4% on Thursday.
Here's what Ameya Ranadive Sr Technical Analyst, StoxBox, recommends investors should do with these stocks when the market resumes trading today.
UltraTech Cement
UltraTech Cement is currently trading at Rs 11,856 and remains in a no-trade zone. The stock exhibits a significant long-term consolidation phase beginning in June 2024, with tight price movement within the Bollinger Bands. A decisive breakout above Rs 12,100 would signal a strong bullish move, targeting Rs 12,850 and Rs 13,100.
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