Stock markets rallied more than 1% on Wednesday with benchmark Sensex soaring 901 points amid Donald Trump's victory in the US presidential polls.Stocks that were in focus include names like Tata Steel, which rose 1%, Apollo Hospitals, which was flat, and Delta Corp, whose shares jumped nearly 1.6% on Wednesday.Here's what Priyank Upadhyay, Head Research, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.Tata SteelSince Oct 2024 after making a peak around 170 prices have corrected towards Aug 2024 lows around 142 and have taken support there which is a good sign.There is a formation of double bottom in the support zone of 145/140. Prices are near to 20-day ema at 152 and closing above that will be a bullish sign.Yesterday’s volume was higher than the avg volume indicating smart investors accumulating the stock. RSI is nearing 50 and close above this level will indicate strong bullish momentum. Thus from the above analysis we are positive on the stocks for targets of 170/200 in short to medium term.Apollo HospitalPrices are retesting the breakout zone of 6870/6750 zone which is a strong demand zone. Prices peaked around 7300 in the month of Sep 2024 and gave a correction towards 6750 and has bounced form the support zone. Prices are around the 20-day ema at 6980 and a close above this level will be a positive sign for a test of 7300 again.RSI is hovering around 50 and a close above this will be a bullish sign. Thus from above analysis we suggest to accumulate the stocks for targets of 7300/7500.Delta CorpPrices are in the support zone of 110 to 100 where earlier two times it has bounced back from thus there is a triple bottom formation in this zone.Prices have been consolidating between 150 to 100 zones. Since June 2024. Prices are near to 20-day ema at 118.50 and a close above this will be a positive sign and a test of 150 can be seen. RSI is below the 50 mark as of now at 48 we need a close above 50 to turn bullish on this stock. Thus from the above analysis we suggest to be on the sidelines as of now.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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