The Nifty 50 gained 1.15% on Monday and closed above 24,100. The rally was driven by strong earnings from major banks like HDFC Bank and ICICI Bank, boosting investor sentiment. The financial sector led the rally, with the Nifty Bank hitting a record high. Broad-based buying was observed across sectors, barring FMCG, all the sectors
Three stocks to buy, recommended by Ankush Bajaj: Berger Paints: Buy at ₹502.85 | Target ₹516-525 | Stop loss ₹495 On the hourly chart, the stock is breaking out of a falling wedge pattern, accompanied by an RSI bullish divergence. Taking a long trade with a low-risk approach could be a good opportunity. Glaxo: Buy
NeoTrader’s Raja Venkatraman recommends three stocks for 20 February • Associated Alcohols & Breweries: Buy above: ₹1,130 | Stop: ₹1,100 | Target: ₹1,250 This beverage counter has found some strong support after a recent decline. The rise in prices of this counter has been quite steady, and the volume lead rise could result in some revival.
As a result, Nifty formed a doji candle with a higher-high and higher-low price structure. On the weekly chart, the index snapped its three consecutive weeks of losses and formed a bullish candle. The advance-decline ratio was flattened and settled around 1:1. Also read: Will investors flock to agri-stocks after the Budget? From a technical