Buy or sell at Jubilant Ingrevia and Bajaj Electricals, here are expert opinions.

Buy, Sell or Hold: On the second day of the week, Indian stock markets continued to close with a green signal. The Sensex saw a sharp rise of 1200 points, where the Nifty 50 was able to close above the level of 16300. Speaking of sectors, there was a boom and purchase in the realty, energy, auto and industrial sectors. On the other hand, metals and electricity stocks have been sold. Stocks that were effective during this period included Jubilant Ingrevia and Bajaj Electricals. During Wednesday’s trading session, Jubilant Ingravier’s stock closed up 10 percent, while Bajaj Electricals’ shares fell 5 percent. If you have these stocks in your portfolio or you have invested in these stocks, first find out what the experts have to say about these stocks.

The expert said

Santosh Meena, Head Research, Swastika Investmart Ltd., presented his latest views on both these stocks. Experts say what the next strategy will be if investors place bets on these two stocks.

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Jubilant Ingrevia: Buy

According to experts, after proper correction, the stock is now trading at around 400 levels. Level 520 could be the immediate resistance of this stock and level 600 could be the next important target. Experts suggest buying here.

Bajaj Electricals: Suppose

Experts believe that this is creating a counter-triangle formula. Looking at the upper levels, the level of 1200 can be an instantaneous resistance and can also cross the level of 1400. At the same time, it has been suggested to keep a stop loss of Rs 920.

(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)