• SENSEX
    NIFTY 50
VIDEOS
Market

Amit Gupta on January 23: Buy Container Corporation of India & Adani Ports

Updated : January 23, 2019 10:14 AM IST

The latest analysis and commentary by stock market guru Amit Gupta of ICICI Direct on what is moving the markets today.

He also spoke at length on Container Corporation of India and Adani Ports.

“Once we are moving towards Budget it is possible towards this expiry if Nifty is holding around 10,900 firm you will see more short covering coming in to the infrastructure space. Particularly, what we are recommending from the infrastructure space is Container Corporation of India, Adani Ports. Adani port has been finding lot of resistances in the last one or two years around Rs 400 levels but this time the open interest has got doubled so that means the positions are formed now in anticipation of some move in the stock. We are targeting in a short term around Rs 415 for the stock. Coming to Container Corporation now it has also facing lot of resistances and for the last one year it has not been able to take out Rs 700. Our target on the higher side immediately is Rs 740.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV