Raja Venkatraman recommends three stocks for 28 September
New Delhi, Sept. 28 -- During the week, Nifty traded in a volatile range between 23,116.10 and 23,592.85, reflecting sharp intraday swings. The week began positively on 21 September, with Nifty gaining 0.29% to 23,414.30 and Sensex rising 0.76% to 74,858.99, supported by bargain buying in large-cap stocks and easing crude oil prices. However, broader markets failed to participate, as midcaps and smallcaps slipped, highlighting selective recovery.
Trends remained in distress as the higher levels were used to supply on a continuous basis. With the markets not behaving as expected the trends ahead will continue to remain in a challenging mode.
ROLEXRINGS(Cmp 195.35)
ROLEXRINGS: Buy above Rs.196, stop Rs.187 target Rs.218 (Multiday)
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