Market Trading Guide: Ageis Vopak Terminals among 2 stock recommendations for Thursday

Tracking negative global cues, domestic equities saw volatile trade, with mid-caps bearing the brunt. Sectorally, while auto and IT stocks dragged markets down, gains in upstream oil & gas on realisation bets amid rising crude, alongside value buying in banking stocks, helped the market recover from its intraday lows. Analysts say deepening global bond rout, amid escalating West Asia tensions and bets that central banks will need to tighten monetary policy, has gripped investor sentiment in fear. Despite crude-led pressures, the rupee remained resilient, supported by RBI dollar sales and strong FCNR(B) inflows.

Here are two stock recommendations for Thursday

SKF India – Buy | Buying Zone: 3039 | Stop-loss: Rs 2939 | Target: Rs 3239

SKF India (Industrial) Ltd. has staged a decisive daily breakout to fresh multi-month highs near 3,039, taking out previous peak resistance levels. Backed by expanding trading volume and positive moving average alignment, RSI pushing into bullish momentum territory above 68 signals sustained buying pressure for upside expansion.

Virat Jagad, Sr Technical Research Analyst at Bonanza

Aegis Vopak Terminals – Buy | Buying Zone: 286-287 | Stop-loss: Rs 260 | Target: Rs 340
Aegis Vopak Terminals has logged a strong daily reversal candle off its moving average support near 268-287, scaling past local resistance with a notable volume spike. RSI turning sharply upward from key support levels confirms renewed bullish momentum, opening space for a continuation rally.Virat Jagad, Sr Technical Research Analyst at Bonanza

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)