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    2 top stock recommendations from Shilpa Rout

    Synopsis

    I have actually two very high conviction buys. One would be Tata Steel. Tata Steel futures trading currently at Rs 107 now. I believe it has a very strong support at Rs 104-105 zones so keeping stop loss of Rs 104 one should look for targets towards Rs 114 and above.

    Shilpa RoutNEW-1200 (1)ETMarkets.com
    Alkem, I believe has a strong support at 3110 and one should look for targets towards 3300 and maybe above that as well or one can also opt as a hero-zero trade call in 3300 call option.
    "We are safe to say that we might again see upside targets of 17,850 to 18,000 zones. Likewise Bank Nifty, till we hold 40,800 we are safe to say that we will move towards 42,300 to 42,500 zones," says Shilpa Rout, Prabhudas Lilladher

    What about the markets, where do you see them headed?
    We see that Nifty is still holding on to the previous resistance which was around at 17,600 zones, so it is holding on to that. Till we do that, we are safe to say that we might again see upside targets of 17,850 to 18,000 zones. Likewise Bank Nifty, till we hold 40,800 we are safe to say that we will move towards 42,300 to 42,500 zones.

    So what will be your top ideas?
    I have actually two very high conviction buys. One would be Tata Steel. Tata Steel futures trading currently at Rs 107 now. I believe it has a very strong support at Rs 104-105 zones so keeping stop loss of Rs 104 one should look for targets towards Rs 114 and above. The other buy would be a little contract call for the day, it would be Alkem. Alkem, I believe has a strong support at 3110 and one should look for targets towards 3300 and maybe above that as well or one can also opt as a hero-zero trade call in 3300 call option.

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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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