Buy SBI at 1,067, Bajaj Consumer at 432: 6% Upside
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- Rupak De of LKP Securities flagged a bullish RSI crossover on the daily timeframe, placing immediate support at 23,800 and resistance at 24,300-24,350, while warning the market may react negatively if no concrete truce deal is reached by the weekend.
- State Bank of India (SBI) is recommended as a buy at Rs 1,067 with a target of Rs 1,120-1,130 (6% upside) and a strict stop loss at Rs 1,035, per Kunal Kamble of Bonanza Portfolio.
- Bajaj Consumer Care is recommended as a buy at Rs 432 with a target of Rs 455-460 (5-6% upside) and a stop loss at Rs 420, per Kamble.
- SBI is showing a strong rebound from key support with price above long-term moving averages, and a stable RSI suggesting room for upside, according to the analysis.
- Bajaj Consumer Care is witnessing a breakout above its key resistance zone on rising volumes, with price trading well above its long-term moving average and elevated RSI supporting further upside.
Why it matters: The recommendations give traders concrete entry levels (Rs 1,067 and Rs 432), 6% upside targets, and tight stop losses (~3% downside), making both trades actionable for Monday. The bullish setup on both stocks is explicitly conditional on the broader index holding above 23,800 support and on geopolitical developments by the weekend.
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