Mitessh Thakkar of mitesshthakkar.com recommends buying Voltas with a stop loss of Rs 654 and target of Rs 695, JSW Steel with a stop loss of Rs 233 and target of Rs 250 and Larsen & Toubro with a stop loss of Rs 1394 and target of Rs 1450.
Benchmark stock indices Sensex and Nifty suffered strong losses on September 19 due to widespread selling across sectors as the concerns over rising geopolitical tension, crude oil prices and the deteriorating macroeconomic environment continued to keep the risk appetite of investors low.
Moreover, uncertainty over US Fed's future rates trajectory added to investors anxiety. On the technical charts, the market breached crucial support at 10,800, seen as a reason for a steep fall.
The Nifty index closed at 10,704.80, down 136 points, or 1.25 percent, with 7 stocks in the green and 43 in the red. The index managed to hold 10,700-mark but ended at its lowest level since February 19.
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