Buy, Sell or Hold: What should investors do with DLF, Welspun Corp and Bajaj Finance?

The Indian markets opened higher on Tuesday with Nifty50 holding above 18,300 levels.

Analysts advise investors to remain invested with pre-determined targets with strict stop losses. Considering the volatility in the markets, traders should keep booking their profits at regular intervals.

For the broader index, 18,360 will act as very strong resistance. If this level is breached then we might see 18,440 levels and then18,500 levels too, Rahul Sharma, Co-owner, Equity 99, said.

“On the lower side, 18,230 will act as very strong support. If this level is breached then we might see 18140 levels and even 18,060 levels,” he added.

For the Banking index, 38,440 will act as crucial resistance on breaking, which we might see 38,620 and further 38,860 levels too.

On the lower side, 38,040 will act as strong support. If this level is breached, we might see 37,820 levels and even 37,600 levels.

Also Read: Global View: UltraTech, Tech Mahindra and Devyani International could give 10-14% return​

Rahul Sharma, Co-owner, Equity 99 handpicks these 3 stocks for Tuesday’s trade:

DLF: LTP Rs 423| Target Rs 440-450| Stop Loss Rs 415

The stock is a buy above 425 and is looking very strong on the charts. Intraday charts are giving strong upside signals. Investors can look at buying now or on dips for a target of Rs 440-450 and a stop loss can be placed below Rs 415.

Welspun Corp: LTP Rs 195| Target Rs 220| Stop Loss Rs 187

A close above 195 will trigger a breakout in the stock. On the hourly charts, it has given a Flag and Pole Breakout. Investors can buy for a target of Rs 220 and a stop loss can be placed below 187.

Bajaj Finance: Buy| Target Rs 7852| Target Rs 8500| Stop Loss Rs 7800

Investors can look at buying the stock above Rs 7,860. It has super strong charts, after small consolidation. The stock is ready to cross a 52-week high above 8050 which is the target, and a stop loss can be placed below Rs 7,800.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)