In the previous session, it was noticed that the market added more incremental gains in the morning session. However, the second half of the trading session saw a sharp correction. The Nifty index closed the day with a net loss of 104.75 points. Conservative approach is advisable for the next trading session.

Look at the below research report of ‘Stocks to Buy for – Thursday, June 10, 2021’ before the market opens.

Cummins India Ltd

NSE :CUMMINSIND   BSE :500480  Sector : Capital Goods-Non Electrical Equipment

As seen on the daily chart, Cummins India share prices are moving in a well channelized manner. Now stock is placed exactly at the channel resistance. Now there are two possibilities: either break above or reversed from the same zone. After seeing a correction in the final hour of the market, prices managed to close above Middle Band Bollinger which indicates bullishness. The Relative Strength Index (RSI) on the daily chart is 52.19 which indicates that the long-term trend has turned bullish.

In short, Cummins India seems to be in the final stages of downside correction.  A break above 826-827 can take prices higher towards 865 and then 910 levels. For the near term, the zone of 791 has now become a temporary immediate support for the stock.

Check More Analysis on CUMMINSIND at: Cummins India Ltd

Aarti Industries Ltd

NSE :AARTIIND   BSE :524208  Sector : Chemicals

Aarti Industries made a lifetime high near 1850 levels in the last trading session. We have seen a correction in the second half of the market but on the other hand stock managed to close near its immediate support levels which shows strength in the stock. As shown on the daily chart, Prices have given a break out of Symmetrical Triangle formation. As per Triangle pattern theory 220 points rally is expected from the support zone. Hence there is more room available for the stock in upside.

In short, the overall outlook for AARTIIND will remain positive using pullback as a buying opportunity for the move towards 1920 levels as long as we do not see any closing below 20 DMA support.

Check More Analysis on AARTIIND at: Aarti Industries Ltd