Best Stocks -Recommendations Today: Marketsmith India's Best Choices for August 20

Copyright © HT Digital Streams Limit all rights reserved. The best shares to buy today: Marketsmith India recommends two shares for August 20. Summary Marketsmith India reveals its best recommendations for shares for today, August 20. Get knowledgeable insights on the best performing stocks to guide your investment decisions. Indian stock measures delivered a fourth consecutive session of profits, with BSE Sensex closing about 370 points higher, while Nifty50 ended just under 25,000 and crossed 24.950. Optimism stems from strong performances by Reliance Industries and Bharti Airtel, who helped the rally. The positive momentum of the market was largely fueled by sustained foreign institutional investors (FII) who bought and remained the optimism of the GST rationalization of last week. Two equity recommendations by Marketsmith India for August 20: Buy: L&T Finance Holdings (Current Price: £ 217) Why It Is Recommended: Improving Financial Performance and Asset Squatity, Technology LED expansion and clear growth guidelines, retail-first transformation and operational resilience keys: p/e: 19.78, 52-week high: £ 217.65, £ 203.19 Crore: Bullish zone with positive bias -risk factors: asset equality and portfolio risk, parent dependence and support uncertainty, market, regulatory and operational exposure: £ 217 target price: £ 248 in two to three months Stop Loss: £ 202 Buy: ASAHI India Glass Limited (Current Price: £ 870) P/e: dominant market position, integrated operations and back integration members: 54.57; 52-week High: £ 876; PART: £ 14.89 Crore Technical Analysis: Downside Sale Trend Line Break -in -Risk Factors: Margin Printing of Float Glass Competition, Dependency of Key Customers Buy at: £ 860–875 Target Price: £ 960 in two to three months Stop loss: £ 830 Nifty 50 Recap on Tuesday, Indian benchmark for the fourth creature. Sentence. After a subdued opening, the market expanded its bullish momentum from the previous session and ended just under 25,000. The broader market fared better than the front liners, with the BSE Midcap and Smallcap indices achieving about 1% each. On the sectoral front, oil and gas, media and car supplies led the profit, while Pharma was the only Laggard. Striking stock houses included Tata Motors, Adani Ports and Reliance Industries among the top profits, while Dr. Reddy’s Labs and Cipla were one of the biggest losers of the day. The overall market width was very positive, with a strong advance relationship, suggesting that broad-based buying interest is generally gone. On the technical front, Nifty encountered resistance to his 50-DMA, which remains an important obstacle to further upside. The relative strength index (RSI) has recovered from the oversold area and recently broke down a downward trend trend, which is now consolidated near the neutral 55 level-which improves momentum. Meanwhile, the MACD has become positive, although it still trades under its signal line and the nullas, which indicates that although the disadvantage has alleviated, a sustained confirmation of the reversal of the trend is still awaiting. According to O’Neil’s Methodology Market direction, market status was downgraded to an ‘upward under pressure’, as Nifty broke its ’50-Dma ‘and the’ distribution day count ‘is four. The index still encounters strong resistance near its 50-DMA, with 25,000 and the 50-DMA is likely to remain the most important resistance zone in the short term. A definite nearby above this obstacle would be a constructive technical development and could open the way for an upside move to 25.250-25.350. The disadvantage is placed immediate support at 24,700, where an offense can ignore the current recovery effort and reinstate the sales pressure. Below are further supports on 24,600 and 24,350, which make these critical levels to look at the next direction of the index. How did Nifty Bank act yesterday? Bank Nifty started on a poor note on Tuesday and saw volatile movement in the early hours of trade. However, buying interest at lower levels gave a positive momentum, which helped the index in the green. It formed a bullish candle, which indicated the strength of the strength, although it faced resistance near his 21-DMA, at 25.911. During the session it opened at 55,622.30 and moved within a narrow series of 55,965.55 to 55.608.15. Eventually, it closed at 55,865.15, which achieved the intraday profits. The price action reflects resilience, although an exposition above the 21-DMA is crucial to further upside. The RSI came higher from the previous session and is now nearly 50, indicating that it is improving momentum. Meanwhile, after a few weeks of a negative cross, the MACD became positive, although it still tends to be below the central line, which gives the warning. According to O’Neil’s Methodology Market direction, Bank Nifty remains in an ‘upward under pressure’. In this context, investors must maintain a selective exposure to quality stocks, while emphasizing disciplined risk management to protect capital and only capture opportunities with high conviction. Bank Nifty closed the session in a positive area, but had resistance near its 21-DMA. A sustained move above this level can open the path to the next obstacle at the 50-DMA, about 56,330. For the bullish momentum to strengthen, the index in the upcoming sessions must hold and hold decisive over the 50-DMA. The disadvantage lies immediate support at the 100-DMA near 55.239. An offense below this level can cause increased volatility and increase the risk of further disadvantage. Marketsmith India is a stock research platform and advisory service that focuses on the Indian stock market. It provides instruments and resources to help investors make informed decisions based on the Can Slim methodology, founded by legendary investor William J. O’Neil. You can get access to a free ten -day trial period by registering on its website. Brand name: William O’Neil India Pvt. Ltd. SEBI REGISTRATION NO .: INH000015543 DISCLAIMER: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #Markets Premium Read Next Story