Experts Recommend to Buy JSW Steel, Kotak Mahindra Bank, Tata Elxsi
On the basis of good research and analysis, technical analysts are of the view that the metal stocks as a sector has been doing quite well. It is said that on every dip metal stocks are bouncing up after that very well. So the experts said that they believe in that space, JSW Steel looks quite interesting in the metal pack. Therefore, it is said that the stock can do much better from here. Hence, you need to buy the JSW Steel with a stop loss of Rs 307 and target of Rs 328.
It is observed in the last two trading session that banks have shown a good bounce back. Especially, the private sector banks again has smartly moved up. One of the top banks is the Kotak Mahindra Bank in the banking sector. Therefore, you need to buy Kotak with a stop loss of Rs 1,085 and target of Rs 1,135.
Over the last three sessions, midcap IT stocks are also doing quite well. Therefore, in that space, one of the most likable stocks is Tata Elxsi. You are recommended to buy the Tata Elxsi with a stop loss of Rs 1,030 and target of Rs 1,100.