Stock To Buy: After the decline in the Indian stock market on Monday, there is a possibility of a boom on Tuesday.
Due to the positive signals received from the global market, the market is expected to open higher today.
Earlier the American market remained flat. The Dow Jones declined by 3 points. A slight rise was registered in the European market. There is a strength of 1.15 percent in Nikkei of Japan.
Earlier on Monday, at the end of the trading session, the Sensex saw a decline of more than 168 points and closed at 60,092.97 points.
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Similarly, the National Stock Exchange's Nifty closed at 17,894.85 points down by 61.75 points. Among the Sensex stocks, Axis Bank fell the most by 2.26 per cent. Let's know the expert's opinion for Tuesday.
Rajesh Bhonsle, technical analyst at Angel One, has a buy rating on KNR Construction and Wipro. KNR Construction can set a stop loss of Rs 262 and a target of Rs 280. Similarly, for Wipro, you can set a stop loss of Rs.389 and a target of Rs.414.
IIFL Securities Vice President Anuj Gupta has also advised to bet on the shares of Wipro and Steel Authority of India (SAIL). According to him, we can keep a stop loss of Rs 382 and a target of Rs 425 for WIPRO. Similarly, you can set a stop loss of Rs.82 and a target of Rs.99 for SAIL.
Choice Broking's Executive Director Sumit Bagadia told that Power Grid and Hero MotoCorp can bet on the shares. For Power Grid, a stop loss of Rs 212 and a target of Rs 220 to 225 can be kept. Similarly, a stop loss of Rs 2,680 and a target of Rs 2,850 to 2,900 can be kept for Hero MotoCorp.
Disclaimer: Investments in share market are subject to market risks. Consult your advisor before taking any investment decision