Wednesday Trading Tips for Britannia, Godrej Properties, ICICI Bank, and More

The benchmark indices rebounded, tracking positive Asian cues, but could not sustain those gains due to profit booking, ending 0.3 percent down and extending losses for a third straight session on August 6. The Nifty 50 is expected to consolidate with support at the 23,900-23,800 zone, while in case of a rebound, the 24,400-24,500 area is the one to watch, experts said. On the NSE, about 1,550 shares declined against 812 advancing shares. Here are some trading ideas for the near term:

Ashish Kyal, CMT, Founder and CEO at Waves Strategy Advisors

• Jyothy Labs | Strategy: Buy | Target: Rs 573, Rs 585 | Stop-Loss: Rs 515
• Britannia Industries | Strategy: Buy | Target: Rs 6,050, Rs 6,300 | Stop-Loss: Rs 5,600
• Century Enka | Strategy: Buy | Target: Rs 710, Rs 720 | Stop-Loss: Rs 630
Om Mehra, Technical Analyst at Samco Securities
• Bikaji Foods International | Strategy: Buy | Target: Rs 800 | Stop-Loss: Rs 700
• PI Industries | Strategy: Buy | Target: Rs 4,500 | Stop-Loss: Rs 4,030
• Syngene International | Strategy: Buy | Target: Rs 910 | Stop-Loss: Rs 780
Riyank Arora, Technical Analyst at Mehta Equities
• HDFC Bank | Strategy: Buy | Target: Rs 1,670 | Stop-Loss: Rs 1,585
• ICICI Bank | Strategy: Buy | Target: Rs 1,200 | Stop-Loss: Rs 1,150
• Godrej Properties | Strategy: Buy | Target: Rs 3,100 | Stop-Loss: Rs 2,775

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Conclusion:

Implement these trading strategies to potentially capitalize on market movements and optimize your trading outcomes by following the expert advice provided for Britannia, Godrej Properties, ICICI Bank, and other stocks.

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