Raja Venkatraman's Stock Recommendations for April 6: Three Picks to Watch
Stocks to trade: Raja Venkatraman recommends three stocks for 6 April
Mint
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On April 6, Raja Venkatraman of NeoTrader recommends three stocks: Adani Power, Anand Rathi, and Mphasis. The Sensex closed at 73,319.55, up 185 points, while the Nifty 50 ended at 22,713.10, reflecting a positive market trend despite geopolitical concerns. Investors are advised to buy above specified prices with set stop losses and target prices.
- 01Sensex rose 185 points to close at 73,319.55.
- 02Nifty 50 ended at 22,713.10, up 34 points.
- 03Adani Power recommended to buy above ₹160 with a target of ₹175.
- 04Anand Rathi suggested to buy above ₹3,210 targeting ₹3,450.
- 05Mphasis advised to buy above ₹2,210 with a target of ₹2,410.
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The Indian stock market showed resilience as the benchmark indices, Sensex and Nifty 50, closed higher for the second consecutive session on April 6. The Sensex gained 185 points, closing at 73,319.55, while the Nifty 50 rose 34 points to reach 22,713.10. This positive trend occurred despite weak global cues and rising crude oil prices. Raja Venkatraman, co-founder of NeoTrader, recommends three stocks for investors: Adani Power, Anand Rathi, and Mphasis. Adani Power is suggested for purchase above ₹160 with a target of ₹175, while Anand Rathi is recommended above ₹3,210 targeting ₹3,450. Mphasis is advised to buy above ₹2,210 with a target price of ₹2,410. The market is currently navigating through geopolitical uncertainties and volatility, but the recent uptick indicates potential bullish momentum. Investors are encouraged to consider these stocks as opportunities for growth as the market continues to show signs of recovery.
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Investors looking to capitalize on market recovery can consider the recommended stocks, which may lead to potential gains as market conditions improve.
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