Posted 3/17/2024, 7:30:23 AM
Markets Close Lower on Growth Concerns; IRCTC, Bharti Airtel, ITC in Buy Zone
- Indian indices closed lower on Friday due to financial, auto and IT stocks concerns over U.S. rate cuts delays. Nifty remains weak, sharp weakness possible if moves decisively below 21900.
- Buy IRCTC at Rs 890-900, Target Price Rs 950-1000, Stop Loss Rs 860. In buy-on-dip mode, robust historical support at 860.
- Buy Bharti Airtel at Rs 1200-1205, Target Price Rs 1260, Stop Loss Rs 1174. Stock defied market trend, sustained above consolidation level.
- Buy ITC at Rs 400, Target Price Rs 460, Stop Loss Rs 400. Experienced consolidation breakout, volume supported. Positive RSI divergence signals bullish shift.
- Pennant breakout witnessed in Solar Industry, uptrend indicated. Price above key moving averages shows upside. RSI supports price action after cooling off.