The stock market started with the positive note of Samvat 2078 in the Muhurta trading of 4th November. Recovering from the fall of 2 consecutive weeks, the market saw a gain of more than 1 percent last week and Nifty managed to close above 17900, but from a holistic perspective, the market was seen trading within the range.
On 4th November Nifty formed a Bullish Candle which resembles an Inside Bar Pattern and Bearish Candle formation on the Weekly Chart. This formation is also similar to the Doji pattern on the daily chart. Market experts say that in the coming days the market will be seen trading in range and if Nifty closes above 18,000-18,100. So it may once again appear to be heading towards record highs.
Sameet Chavan in Angel One It is said that as long as Nifty remains below 18,000-18,100 on closing basis, do not take long positions too aggressively. On the other hand, if there is any fall in Nifty, then this fall cannot be ruled out from the levels of 17,450 and then 17,200-17,000.
He said that the current week will be very important for the market and it will decide the near term direction of the market. Esha Shah of Samco Securities It says that there is constant pressure on Nifty and as long as it remains below 18000, it will remain under pressure. On the other hand, if Nifty slips below 17600, then its next support is seen below 17350. We believe that the weakness in the market will continue in the short term.
Here we are telling you 10 such stocks of choice of veterans, which can give good earnings in 3-5 weeks.
Mehul Kothari’s choice of Anand Rathi Shares
Eicher Motors: Buy | LTP: Rs 2,661.6 | Buy this stock with a stop loss of Rs 2,470 with a target of Rs 3,000. It can give 12.7% returns in 3-5 weeks.
IDFC First Bank: Buy | LTP: Rs 51.10 | Buy this stock with a stop loss of Rs 45 for a target of Rs 60. It can give a return of 17.4 per cent in 3-5 weeks.
PC Jeweller: Buy | LTP: Rs 28 | Buy this stock with a stop loss of Rs 26 for a target of Rs 35. It can give a return of 25% in 3-5 weeks.
GEPL CAPITAL’s Choice of Karan Pai
Sobha: Buy | LTP: Rs 950.60 | Buy this stock with a stop loss of Rs 850 and target of Rs 1127. It can give a return of 18.6% in 3-4 weeks.
L&T: Buy | LTP: Rs 1,908.95 | Buy this stock with a stop loss of Rs 1730 with a target of Rs 2258. It can give a return of 18.3% in 3-4 weeks.
Jammu & Kashmir Bank: Buy | LTP: Rs 45.25 Buy this stock with a stop loss of Rs 38 for a target of Rs 53.35. It can give a return of 18% in 3-4 weeks.
The picks of Shrikant Chavan of Kotak Securities
SBI Cards & Payment Services: Buy | LTP: Rs 1,120.60 । Buy this stock with a stop loss of Rs 1,020 for a target of Rs 1,250. It can give a return of 11.5% in 3-5 weeks.
Titan Company: Buy | LTP: Rs 2,431.75 Buy this stock with a stop loss of Rs 2,330 and target Rs 2,700. It can give a return of 11 per cent in 3-5 weeks.
Mahindra & Mahindra: Buy | LTP: Rs 872.85 | Buy this stock with a stop loss of Rs 840 for a target of Rs 940. It can give returns of 7.7 per cent in 3-5 weeks.
Picks by Vijay Dhanotiya of CapitalVia Global Research
Delta Corp: Buy | LTP: Rs 282.10 | Buy this stock with a stop loss of Rs 240 for a target of Rs 350. It can give a return of 24.1% in 3-5 weeks.
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