“Adani Enterprise, Adani Ports and Adani Power are the three top bets among Adani stocks. We generally have a pre-election rally of around 10% to 15%. We just superimpose that from Thursdays closing prior to exit polls results, the target comes to 20,000 plus. So, yes, upside definitely is there, downside is now limited or floor is near to around 20,000.”
“Adani Power is one stock which looks really good at these levels.It has formed almost fresh 52-week highs. The indicators have turned bullish and now Adani Power on the lower side has crucial support levels of Rs 406 and as long as those levels are held, there can be good upside potential targets of almost Rs 530-560 on an immediate basis.”
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“Kotak and HDFC and ICICI all the private sector banks have good weightage on the Bank Nifty. So, I am sure that Kotak Bank will inch towards Rs 1,830 levels and definitely will push Bank Nifty as well above 44,500. I have a short-term target of Rs 582 on ICICI Pru. One can buy that with a stop loss of Rs 534. These are the futures levels.”