Stocks to Buy Today, August 24: The Indian stock market is expected to start on a higher note on Monday (August 24), as indicated by GIFT Nifty.
As of 8:10 am IST, GIFT Nifty traded 0.3 per cent, or 70.5 points, higher at 24,379. 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 Rachit Khandelwal, Head of Research at BNK Capital Group, have recommended a few stocks that could potentially deliver gains during Monday’s session.
Stocks to Buy Today
Here are the top stock picks suggested by Kunal Bothra and Rachit Khandelwal, along with their target prices and stop-loss levels:
DLF Share Price Target Today
Kunal Bothra has recommended a buy on DLF, with a target price of Rs 710 and a stop-loss at Rs 665.
Hindalco Share Price Target Today
According to Rachit Khandelwal, Hindalco has target prices of Rs 1,064 and Rs 1,094, with a stop-loss at Rs 994.
Infosys Share Price Target Today
Rachit Khandelwal has recommended a buy on Infosys, with target prices of Rs 1,141 and Rs 1,181 and a stop-loss at Rs 1,101.
Nifty Levels to Watch
Ahead of today’s trading session on the NSE, the analyst has identified the following key support and resistance levels for the Nifty 50:
- Support: 24,000
- Resistance: 24,300/24,500
Asian Markets TodayAsian markets traded lower on Monday (August 24), with most major indices posting losses.
Japan’s Nikkei 225 ticked lower at 65,950. South Korea’s KOSPI traded about 2.3 per cent lower at 6,748.12, while Hong Kong’s Hang Seng slipped over 2 per cent to 25,474. Meanwhile, China’s Shanghai Composite also slipped 0.7 per cent to 3,878.08.
Stock Market on August 21
Benchmark equity indices Sensex and Nifty ended marginally higher on Friday, as elevated crude oil prices due to geopolitical uncertainties and a sharp fall in US markets made investors cautious.
The Nifty Bank index, which tracks the performance of the country’s top 12 listed banks, closed 266.05 points, or 0.46 per cent, higher at 57,761.95.
(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.)
