NIFTY OUTLOOK: SUPPORT 18217-18120, RESISTANCE 18373- 18433

Ahmedabad, 23 May

STOCK IN FOCUS at a Glance

IndiGo (CMP 2,290)

We reiterate our BUY rating on INDIGO with a Target Price of Rs2,750, valuing the stock at an EV/EBITDAR multiple of 6x FY25E.

Intraday Picks

UPL (PREVIOUS CLOSE: RS670) BUY

For today’s trade, long position can be initiated in the range of Rs667-663 for the target of Rs683 with a strict stop loss of Rs657.

LT (PREVIOUS CLOSE: RS2,217) BUY

For today’s trade, long position can be initiated in the range of Rs2,206-2,192 for the target of Rs2,260 with a strict stop loss of Rs2,164.

CIPLA (PREVIOUS CLOSE: RS925) BUY

For today’s trade, long position can be initiated in the range of Rs918-912 for the target of Rs953 with a strict stop loss of Rs894.

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)