Domestic benchmark indices settled higher on Tuesday as the optimism of GST rationalization and India’s credit rating upgrade continued. However, traders await the US Jackson hole outcome later today. BSE Sensex jumped 370.64 points, or 0.46 per cent, to settle at 81,644.39, while NSE’s Nifty50 surged 103.70 points, or 0.42 per cent, to close at 24,980.65 for the day.
Select buzzing stocks including Tube Investments of India, Olectra Greentech and Jindal Stainless are likely to remain under the spotlight of traders for the session today. Here is what Rajesh Palviya, SVP of Research at Axis Securities has to say about these stocks ahead of Wednesday’s trading session:
Olectra Greentech | Buy | Target Price: Rs 1,700 | Stop Loss: Rs 1,430
Olectra has experienced a trend reversal, forming a series of higher tops and bottoms on the daily and weekly charts. It has also decisively surpassed the past one-year ‘down-sloping…
