In the previous session, the market once again approached the higher levels near all-time high. The Nifty index continued its gain for the second consecutive day and managed to close above its important support levels. Technically, the Nifty index formed a positive candle with a small lower wick which indicates that traders should be focused on ‘buy on dips’ strategy for the next trading day.

Look at the below research report of ‘Stocks to Buy for – Monday, June 28, 2021’ before the market opens.

Deepak Nitrite Ltd

NSE :DEEPAKNTR   BSE :506401  Sector : Chemicals

As shown on the daily chart, Stock formed a strong Bullish candle in the previous session. Prices have been giving a break above the Ichimoku cloud which is a strong indication of a positive trend. The up move has been supported by the base and the conversion lines as both the lines are seen rising along with price. The 20 days Moving average is acting very well on the stock. In Addition, The Relative Strength Index (RSI) on the daily chart is 54.15, which indicates bullishness in coming sessions.

In short, the trend for Deepak Nitrite Ltd looks to be bullish. Move towards 1880 levels can be expected on upside. If Price dips towards 1760-1770 levels, then it could be an added buying opportunity. This view is valid as long as the 1710 level stays protected on the downside.

Check More Analysis on DEEPAKNTR at: Deepak Nitrite Ltd

Axis Bank Ltd

NSE :AXISBANK   BSE :532215  Sector : Banks

In the daily chart, share prices are moving in a well channelized manner. Now stock has given a clear break out above channel resistance zone. A rising window occurred on the chart. Also, Stock is comfortably closed above the long-term resistance line which confirms the bullish trend. Positive bias was made with the help of 9 days exponential moving average.

In short, the trend for Axis bank looks to be positive for now. We can expect it to reach a target of 810/850 levels based on our analysis. Add more on dips around 745-750 levels. This outlook is valid as long as the 729 level remains protected on downside.

Check More Analysis on AXISBANK at: Axis Bank Ltd