Keeping in mind the recent uptick in the Indian market with the upcoming elections and the March quarter earnings in focus, brokerage house Anand Rathi has come out with 2 emerging picks with a time horizon of 30-90 days.
F&O Ban: BHEL, Biocon, Aditya Birla Fashion and Retail, Ashok Leyland, UPL, RBL Bank and IRCTC may enter the ban list as these stocks are hovering near the 95 percent MWPL.
In a filing to the stock exchanges, UPL stated that the company has made it to the Dow Jones Sustainability Index (DJSI) after its outstanding performance on sustainability parameters. It is the first agrochemical company included in the esteemed Dow Jones Sustainability World and Emerging Markets Indices (DJSI).
Axis Bank is taking support at the line of polarity on the daily timeframe. It has closed with a big bullish candlestick above the highs of the last five days, which indicates strength.