The Nifty index continued to remain in the congestion zone by falling 50 points to close at 17,721 on Tuesday. It is currently consolidating between its 50 days and 200 days EMA. Union Budget session high of 17,973 and low of 17,353 have become crucial levels to watch out for any directional move in the index.
BUY Dr Reddy's
Target: Rs 4,650 | Stop-loss: Rs 4,285
The stock price has broken out from the consolidation, which it held for the last two weeks. It rose more than 2 per cent on Tuesday on a significant jump in volumes. Indicators and oscillators like DMI, MACD and RSI have turned bullish on the daily charts
BUY Oracle Financial Services Software (OFSS)
Target Rs: 3,325 | Stop-loss: Rs 3,086
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