Technical Analyst VK Sharma has suggested traders to buy Neyveli Lignite, as it is a brilliant option for intraday dealings.
Investors can purchase Neyveli Lignite stock at around Rs 245.35 to achieve a target between Rs 253-255. If the stock market declines, investors should leave the stock.
For intraday trading the stop loss should be Rs 242.90. The stock has performed brilliantly on Jan 14, and marked its closure at Rs 248.15. The total volume of shares traded was 3,204,900 on BSE. On the Bombay Stock Exchange, the stock has touched 52-week high of Rs 273.9 and the low of Rs 49.
Technical Analyst Rajat K Bose expects Reliance Energy to touch Rs 2520. Mr. Bose said in an interview that the stock has enough steam to touch its all time high and can even cross Rs 2520. The stock may face some resistance around those levels, but after that it can even have more upward movement.