Indian markets in trade on the last day of the Fy 2022 are trading with marginal gains with Nifty up by 0.24% at 17,540. On a YTD basis, Nifty 50 index is up by just a percent, while 1-year gains are placed at over 19%.
Meanwhile, brokerage firm Angel One that is heavily research backed has come up with Intraday Cash Buy call for today i.e. March 31, 2022. In intra-day trade, positions get squared off on the same day and hence no delivery in securities takes place.
Here below are the 'Buy' recommendations by the brokerage:
1. Tata Communications: Brokerage suggests day traders to buy the stock of telco service provider in the price range of 1179-1180 for a target price of Rs. 1220, maintaining stop loss at Rs. 1158.
2. Balkrishna Industries: This tyre maker is a buy for intra-day in the price range of Rs. 2126-2128 for a price target of Rs. 2172, with a stop loss of Rs. 2100.
Also, retail investors can consider investment into ONGC OFS i.e. open for today during the market hours with the floor price fixed at Rs. 159.