Stocks to buy today: Shakti Pumps, JK Tyre and IOC on investors' radar
[hfe_template id='11223']
[ad_1]
Benchmark indices rebounded sharply by about 1% on Friday, propelled by bargain hunting in tech and consumer durable stocks amid encouraging domestic inflation data. Stocks that were in focus include names like Shakti Pumps, which rose 5% and IOC, which gained 2.01% and JK Tyre, whose shares fell 0.037% on Friday. Here's what Santosh Meena, Head of Research at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. Shakti Pumps The counter has demonstrated solid strength amid a volatile market, trading comfortably near its all-time high zones. The charts appear promising, supported by strong momentum and favorable indicators. A breakout has been confirmed, and sustaining above the 900 level could open the path to the psychological hurdle of 1000. On the downside, the first support zone is positioned at 850, while 805, aligned with the 20-day moving average (DMA), serves as a crucial...