Big Movers on D-Street: What should investors do with Blue Dart, ZEE and Aether Industries?

Equity benchmarks closed at record highs on sustained foreign inflows and positive global trends. The 30-share BSE Sensex climbed 195 points to settle at 63,523, while Nifty advanced 40 points to end at 18,856.

Stocks that were in focus include names like Blue Dart, which rose 7.54%, ZEEL, which was up 3.87% and Aether Industries, whose shares rose 10% on Wednesday.

Here's what Riches Vanara, Technical And Derivatives Analyst at Stoxbox, recommends investors should do with these stocks when the market resumes trading today:

Blue Dart - Buy
The stock has formed a double bottom formation on weekly charts. We have seen a massive follow-up to the narrow-range doji candle of last week with high volume, which confirms the buying interest.

We anticipate that the stock will do well going forward and hence give a buy rating for the targets of 7450 and 7650. On the other hand, support will come around 7050 and 6900 levels.

ZEEL - Avoid
Since 2018, the stock has always seen more supply than demand. Buyers are always trapped on every rise. We can see a similar pattern getting formed again starting from the end of 2021.

Hence, we feel one should avoid this stock and look for some other good opportunities.

Aether Industries - Buy
After a gap and strong consolidation of 10 days. We have witnessed a new all-time high on the stock. The stock has shown good consolidation and exchange of hands from its listing day.

The breakout looks strong on the charts and we reckon to buy the stock for the target of 1160 and 1280. Support is placed around 1060 and 1030.

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