Edelweiss Capital is looking good for short term perspective. The stock has touched a high of Rs 1474 in today’s trading session. The stock can be bought at current level of Rs 1455- 1460.
Indian Stocks markets ended the day with marginal gains. BSE Sensex touched a high of 20,323 but ended the day with gain of 24 points at 20,216. NSE Nifty also gained 11 points to close at 6081.
Technical Analyst Hitendra Vasudeo (stockmechanics.com) has suggested to buy Shipping Corporation of India to be sold on Monday (31 Dec).
The delivery call has been given as the stock has performed well from last few weeks.
Mr. Vasudeo has suggested investors to buy the stock above Rs 282 with a strict stop loss of Rs 244 for achieving a target between Rs 355- 473.
Today the stock has gained above 9.84% at Rs 284 up till now (12:40 pm), and it is expected to touch this level in the said time period. The stock still has good potential.