The 30-share BSE Sensex climbed 329.52 points to 77,808.45 in early trade. The Nifty went up by 100.1 points to hit a record peak of 23,667.10.
Among the 30 Sensex companies, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, Wipro, Bajaj Finserv, Power Grid and IndusInd Bank were the biggest gainers.
Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index to emerge at 23,450-23,515 levels and a strong buy zone at 23,325-23,425 levels today on June 21. For the Nifty Bank, he expects support to come in at 51,275-51,400 levels and a strong buy zone at 51,000-51,150 levels.
He sees a higher zone for the headline index emerging at 23,625-23,675 levels and a “blue-sky zone” above 23,700 with the next big targets at 23,800 and 24,000.
For the banking index, he expects a higher zone at 51,850-51,950 levels and a blue-sky zone above 52,050.
Buy Munjal Auto shares in the cash segment for a target of Rs 95 with a stop loss at Rs 88
Buy JSW Steel futures for a target of Rs 950 with a stop loss at Rs 920
Buy the Rs 185 call option of L&T Finance for a target of Rs 6 with a stop loss at Rs 3
Technical pick: Buy Gokaldas Exports shares for a target of Rs 940 with a stop loss at Rs 850
Fundamental pick: Buy L&T Technology Services shares for a target of Rs 2,600 with a perspective of two months
Investment idea: Buy Rain Industries shares for a one-year target of Rs 9-12 months
News-based pick: Buy Persistent Systems shares for a target of Rs 4,060 with a stop loss at Rs 3,880
Buy Shilpa Medicare shares in the cash segment for a target of Rs 600 with a stop loss at Rs 540
Buy Infosys futures for a target of Rs 1,540 with a stop loss at Rs 1,504
Buy the 1,400 call option of Tech Mahindra for a target of Rs 26 with a stop loss at Rs 16
Technical pick: Buy HIL shares for a target of Rs 3,163 with a stop loss at Rs 2,890
Fundamental pick: Buy United Spirits Ltd (USL) shares for a six-month target of Rs 1,450
Investment idea: Buy Bharti Airtel shares for a target of Rs 1,800 from a perspective of 12 months
News-based pick: Buy Endurance Technologies shares for a target of Rs 2,800 with a stop loss at Rs 2,670
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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