NSE s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as much as 0.6% before the bounce back in the last hour of trading. Mahindra & Mahindra gained over 3%, emerging as the biggest index gainer. Tech Mahindra, Infosys, Bharti Airtel and Titan gained 2-3%.
Jyothy Labs, after a 20% fall, aims for a Rs 500 target. With RSI at 50.1, a positive divergence hints at further rise. Traders could buy at Rs 448-453 with a stop-loss at Rs 425.
CAMS is India s largest Mutual Fund Transfer Agency that provides MF Services & Statements. Service partner to AIFs, Insurance Companies, Banks & NBFCs, according to the company website.
Short-term traders with a high-risk profile, can look to buy the stock now or on dips for a possible target above the crucial resistance level of 200 in the next 1-2 months, suggest experts.