Raja Venkatraman recommends three stocks for 24 June
New Delhi, June 24 -- The market is trying to revive, but every bounce is being sold into. That suggests the underlying trend lacks conviction and is not receiving support from news flow or investor sentiment.
Indian equities fell sharply on 23 June, with the Sensex dropping more than 500 points and the Nifty 50 nearly 200 points as weakness spread across sectors.
ZYDUSLIFE (Cmp 1112.20)
ZYDUSLIFE: Buy above Rs.1115, stop Rs.1075 target Rs.1225 (Multiday)
ITCHOTELS:Buy above Rs.179, stop Rs.167 target Rs.195 (Multiday)
FLUOROCHEM:Buy above Rs.3900, stop Rs.3775 target Rs.4250 (Multiday)
Metals led the decline, pressured by Vedanta's Rs.2,150 crore block deal and a stronger US Dollar Index crossing 101, which weighed on acquisition c...
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