The Indian stock markets mirrored the trend in international stock markets, with no significant changes observed. As a result, the markets traded positively from Monday to Thursday. On Thursday, both the Sensex and Nifty closed higher.
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Encouraging environment
Market experts suggest that Nifty 50 staying above 24,500 creates a positive sentiment, and investors can benefit from buying certain stocks. On Thursday, Sensex and Nifty 50 opened 1% higher and closed up 0.5%.
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Can invest
Nifty 50 is facing resistance at 25,000. If it breaks through, it could reach 25,400. Experts advise investing in technically strong breakout stocks.
Nifty 50 reclaiming its 20-day EMA suggests a potential uptrend. It seems to have established a strong base at 24,500, with short-term resistance at 24,900. Investors await the RBI's monetary policy announcement, expecting a 25 basis point rate cut, which could further boost Sensex and Nifty.
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J K Cement
Experts recommend buying JK Cement at Rs 5,715, with a target of Rs 6,300 and a stop-loss at Rs 5,440. JK Cement Ltd. is a leading cement and building materials manufacturer. It's among India's top 10 cement producers and the world's third-largest white cement producer.
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JM Financial
Experts suggest buying JM Financial at Rs 141.62, targeting Rs 158 with a stop-loss at Rs 134. JM Financial Ltd. is an investment banking firm with asset management, private equity, brokerage, and mutual fund operations.
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Welspun Corp
Buy Welspun Corp at Rs 962.35, targeting Rs 1,070 with a stop-loss at Rs 911. Welspun Corp Ltd. specializes in large-diameter pipes and operates globally.
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Sobha
Buy Sobha Ltd. at Rs 1,602.30, targeting Rs 1,775 with a stop-loss at Rs 1,520. Sobha Ltd. is a major real estate developer, primarily in cities like Bengaluru, Kerala, Chennai, and Delhi.
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JSW Infrastructure
Buy JSW Infrastructure at Rs 307.10, targeting Rs 338 with a stop-loss at Rs 292. JSW Infrastructure Ltd., part of the JSW Group, is India's second-largest private sector port operator.
