MediumNeutral
Announced Mon, 27 Jul · 07:36 IST

Stocks to buy or sell for short term: Jigar Patel of Anand Rathi shares trading strategies for 3 stocks

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Analyst Jigar Patel of Anand Rathi recommends a Sell call on Adani Enterprises below around Rs 3,225, citing bearish momentum indicators and a breakdown below the short-term rising trendline. Buy recommendations include PI Industries and United Breweries, both showing bullish divergences on MACD, RSI and DMI and signs of potential trend reversal. Broader market context notes Nifty 50's 2 percent weekly decline with immediate resistance at 24,100 and support at around 23,600, while Bank Nifty faces resistance at 57,200 to 58,000.