Stocks that were in focus include names like Raymond, which rose 3.6%, JK Paper, which gained 4.3%, and MapmyIndia, whose shares declined 4.84% on Monday.
Here’s what Avdhut Bagkar, Derivatives and Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.
Raymond
Shares of Raymond need a strong closing above 2700 to enter the next leg of upside. Until then, the support of 2400 should be kept on a closing basis. While the trend remains positive, only a resilient close over the hurdle may prompt next move
JK Paper
The stock has risen over 60 percent so far this year and continues to attract bulls. The “Golden Cross” has triggered fresh moves that may see 600 and 650 in the medium-term. The immediate support exists at 500.MapmyIndia
The stock must close over 2600 level to embark on the next up move. When that happens, a move towards 3000 can not be neglected. On the downside 2200 remains a key support. The recent sharp surge envisions short-term bullishness in the stock.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
