Stocks to BUY Today, August 31: The Indian stock market is expected to start on a weaker note on Monday (August 31), as indicated by GIFT Nifty.
As of 8:20 am IST, GIFT Nifty traded 0.2 per cent, or 52.5 points, lower at 24,222.50. GIFT Nifty is a pre-market indicator for the Nifty 50 and often signals whether the benchmark index is likely to open higher, lower or flat based on global market cues. (GIFT Nifty Today)
Ahead of the trading session, SEBI-registered research analyst Kunal Bothra and Pradip Halder, Founder and CEO of PHD Capital Pvt Ltd, have recommended a few stocks that could potentially be bought or sold during Monday’s trading session.
Stocks to Buy Today
Here are the top stock picks suggested by Kunal Bothra and Pradip Halder, along with their target prices and stop-loss levels:
SAIL Share Price Target Today
Kunal Bothra has recommended a BUY call on SAIL, with a target price of Rs 210 and a stop-loss at Rs 194.
GNG Electronics Share Price Target
Pradip Halder has recommended a BUY call on GNG Electronics, with target prices of Rs 678, Rs 715 and Rs 760, and a stop-loss at Rs 576.
ASK Automotive Share Price Target
Pradip Halder has recommended a BUY call on ASK Automotive, with target prices of Rs 649 and Rs 688, and a stop-loss at Rs 598.
Nifty Levels to Watch
Additionally, ahead of today’s trading session, here are the key support and resistance levels to watch:
- Support Level: 24,000
- Resistance Levels: 24,300 and 24,500
Asian Markets Today
Asian markets traded lower on Monday (August 31), with most major indices posting losses.
Japan’s Nikkei 225 slipped over 1.5 per cent to 65,387. South Korea’s KOSPI traded about 2 per cent lower at 6,656.86, while Hong Kong’s Hang Seng was down 0.8 per cent at 25,385. Meanwhile, China’s Shanghai Composite was down about 0.5 per cent at 3,934.07.
Stock Market on August 28
Benchmark equity indices Sensex and Nifty rebounded on Friday after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets.
The NSE Nifty rose 84.80 points, or 0.35 per cent, to close at 24,175.65. The Nifty Bank index, which tracks the movement of the country’s top 12 listed banks, closed 13.65 points, or 0.02 per cent, lower at 57,496.30.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
