The market has made a great start to the week today. Nifty was seen going beyond 18300 today on the strength of heavyweight stocks. The broader market also performed well. Small-cap stocks shone more than the giants, due to which the smallcap index closed at a record high today. There was buying in auto, power, realty shares. However, banking, pharma, realty stocks remained under pressure.
The market closed at the high level of 3 months. The Sensex also gained 86 points today and closed at 61,309. However, today there was a slight decline in Bank Nifty and it closed at 38,216, down 154 points. There was buying in the odd mid and small cap shares. While the smallcap index closed at a record high, there were good buys in auto, power and realty stocks. The auto index also closed at a two-month high.
Talking on the further movement of the market, Nagraj Shetty of HDFC Security says that Nifty is continuously forming a long bull candle on the weekly chart for the last 3 weeks. Although the Nifty has gained a lot so far, but it is not showing any signs of fatigue so far. The signs of Nifty continue to remain bullish in the near term. Buying is being seen on every fall, on the basis of which it can be said that Nifty can easily see the level of 18600 by next week. Immediate support for Nifty is at 18100.
Here we are telling you 10 suggested stocks of veterans, in which there can be strong earnings in 3-4 weeks.
Investment Advice by Shrikant Chauhan of Kotak Securities
IRCTC: Buy | LTP: Rs 902.70 | This stock will have a buy call with a stop loss of Rs 845 and target of Rs 1000. This stock can see returns of up to 11-15 per cent in 3-4 weeks.
Info Edge: Buy | LTP: Rs 5,696.25 | Buying advice in this stock with a stop loss of Rs 5,500, target of Rs 5,950-6,050 would be a buy call. This stock can see returns of 4.5-6.2 per cent in 3-4 weeks.
Infosys: Buy | LTP: Rs 1929.35। Buying advice in this stock with a stop loss of Rs 1,850, target of Rs 2,000-2,100. This stock can see returns of up to 3.6-8.8 per cent in 3-4 weeks.
Investment Advice by Subhash Gangadhar of HDFC Securities
Jubilant Ingrevia: Buy | LTP: Rs 635.90 | Buying advice in this stock with a stop loss of Rs 580 and target of Rs 750 would be a buy call on this stock. This stock can see returns of up to 18 per cent in 3-4 weeks.
Jindal Steel & Power: Buy | LTP: Rs 418.65 | Buying advice in this stock with a stop loss of Rs 390 for a target of Rs 475. This stock can see returns of up to 13.5 percent in 3-4 weeks.
Mastek: Buy | LTP: Rs 3,184.5 | Buying advice in this stock with a stop loss of Rs 3,000 and target of Rs 3,600. This stock can see returns of up to 13 per cent in 3-4 weeks.
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Investment advice by Ruchit Jain of 5paisa.com
Sobha: Buy | LTP: Rs 913.7 | This stock will have a buy call with a stop loss of Rs 865 and target of Rs 988. This stock can see returns of up to 8 percent in 3-4 weeks.
Gujarat Narmada Valley Fertilizers & Chemicals: Buy | LTP: Rs 489.25 | Buying advice in this stock with a stop loss of Rs 461 for a target of Rs 530. This stock can see returns of up to 8 percent in 3-4 weeks.
Bharat Electronics: Buy | LTP: Rs 220.1 | This stock will have a buy call with a stop loss of Rs 208 and target of Rs 240. This stock can see returns of up to 9 percent in 3-4 weeks.
Tata Consumer Products: Buy | LTP: Rs 762.5 | Buying advice in this stock with a stop loss of Rs 727 for a target of Rs 815. This stock can see returns of up to 7 percent in 3-4 weeks.
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