The first day of the August series saw the market under pressure, with Nifty nearing the 19600 mark. Stocks like HDFC BANK, ICICI BANK, AXIS BANK, and TCS exerted downward pressure. However, the midcap index performed well, providing opportunities for investors.
Expert Recommendations:
IndiaMart:
Prashant Sawant suggests buying a call option with a 3100 strike and an August expiry for potential returns. Buy at Rs 129 level, with a target price of Rs 180 and a stoploss at Rs 95.
Tata Chemicals:
Rajesh Satpute rates Tata Chemicals as an F&O superstar stock. He advises buying Tata Chemicals at Rs 1008 level, with a target of Rs 1030/1040 in the future. Put a stoploss at Rs 995.
ABB India:
Prakash Gaba recommends buying ABB India at Rs 4479 level, targeting Rs 4560. Place a stoploss at Rs 4440.
Ashok Leyland:
Gaurang Shah suggests Ashok Leyland from the midcap segment for long-term investment. Buy at Rs 180 level to potentially reap substantial returns.
Despite market challenges, these expert-recommended stocks offer opportunities for investors to make strategic decisions and capitalize on the current market conditions.
