Despite the recent concerns in the stock market due to the Federal Reserve’s decision and their hawkish comments, a specific index called the Nifty PSE index has been doing quite well. When the key stock market indices opened lower, the Nifty PSE index stayed bouyed and even started to rise in the morning.
This index is expected to keep moving up as long as it doesn’t drop below 5,600 points, and our experts believe it might even reach a new all-time high of 6,600 points.
There are some individual stocks in this index that seem like good investments.
Coal India Ltd (COALINDIA)
This stock has gone up by more than 25% this year, and it could continue to rise, potentially reaching Rs. 300 to Rs. 320. The support level is at Rs. 270.
NHPC Limited (NHPC)
With support at Rs. 50, this stock aims to break through Rs. 56. If it succeeds, it might climb to Rs. 62 to Rs. 65. Even though it is in the overbought category, it’s still doing well.
NTPC Ltd (NTPC)
This stock has moved up by almost 50% this year and continues to do well. It has solid supports at Rs. 230 and Rs. 210, with a price target of Rs. 270 to Rs. 285.
Avdhut Anant Bagkar (+91-9867342721)
Derivatives & Technical Analyst (Institutional)
Stoxbox (BP Equities)
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