Last week the market ended 2021 with a lead. Along with this, the January series started on 31st December with a brisk pace. The Nifty managed to close above 17300 on the last trading day. It had given the highest closing since December 13. For the week ended December 31, Nifty had managed to close with a gain of 2 per cent and it had formed a bullish candle on the weekly as well as daily charts.
Friday’s rally was all-round bullish and the index ended the year with a gain of 24 per cent. Market veterans believe that the market will continue to rise further and Nifty will be seen moving towards 17400-17500. If Nifty manages to stay close to these levels, then this rally can turn into a tremendous bullish trend.
Sameet Chauhan of Angel One The Nifty has managed to gain over 24 per cent in 2021 despite some downside in recent times. The market has started 2022 with a good start today. To gauge the direction of the market, we can wait for it to move above 17,400 which is the upper end of its downside sloping channel. We can see this in the coming few trading sessions. If Nifty manages to close above 17400, then we can see a move towards 17500-17700.
On the downside, there is support for Nifty at 17,150. If Nifty slips below this, then it may see us moving towards 17,000–16,800. As long as Nifty remains above 17150, keep a positive outlook on the market. Midcap index is also looking good. There are indications that select stocks are getting ready for a pre-budget rally. Now we have to see how the situation pans out in the coming weeks. This will clear the short term condition and direction of the market.
Here we are telling you 12 such stocks in which there can be huge earnings in the month of January.
Investment advice by Ruchit Jain of 5paisa.com
Dr Lal PathLabs: Buy , LTP: Rs 3,822.25 | This stock will have a buy call with a stop loss of Rs 3,670 with a target of Rs 4,060. In January, it can give a return of 6.2 per cent in the stock.
ONGC: Buy | LTP: Rs 142.40 | Buying advice in this stock with a stop loss of Rs 136 and target of Rs 152 would be a buy call. In January, it can give a return of 6.74 per cent in the stock.
Hindalco Industries: Buy , LTP: Rs 475.55 | Buying advice in this stock with a stop loss of Rs 455 and target of Rs 510 would be a buy call. In January, it can give a return of 7.2 per cent in the stock.
Investment Advice by Shrikant Chouhan of Kotak Securities
NALCO: Buy | LTP: Rs 101 | Buying advice in this stock with a stop loss of Rs 95, target of Rs 115. In January, it can give a return of 14 per cent in the stock.
Hot Stocks | Today’s 2 top picks, which can earn huge money in short term
Larsen & Toubro: Buy , LTP: Rs 1,895.9 | Buying advice in this stock with a stop loss of Rs 1,800 and target of Rs 2,050 would be a buy call. In January, it can give a return of 8 per cent in the stock.
Mphasis: Buy | LTP: Rs 3,396.70 | This stock will have a buy call with a stop loss of Rs 3,200 with a target of Rs 3,660. In January, it can give a return of 7.75 per cent in the stock.
Nandish Shah’s pick of HDFC Securities
UltraTech Cement: Buy , LTP: Rs 7,591.05 | Buying advice in this stock with a stop loss of Rs 1,670 for a target of Rs 1,960. In January, this stock can give a return of 10 per cent.
Vidhi Specialty Food Ingredients: Buy | LTP: Rs 395.35 | Buying advice in this stock with a stop loss of Rs 375 for a target of Rs 440. In January, this stock can give a return of 11 per cent.
CapitalVia Global Research’s choice of Vijay Dhanotia
Quess Corp: Buy , LTP: Rs 856.35 | Buying advice for this stock with a stop loss of Rs 775 and target of Rs 1,050. This stock can give a return of 22.6 per cent in January.
Sobha: Buy | LTP: Rs 895.45 | A buy call on this stock with a stop loss of Rs 750 and a target of Rs 1,050. In January, this stock can give a return of 17.2 per cent.
Apollo Hospitals Enterprises: Buy | LTP: Rs 5,013.40 | Buying advice in this stock with a stop loss of Rs 4,350 and target of Rs 6,200. In January, this stock can give a return of 24 per cent.
Amber Enterprises: Buy | LTP: Rs 3,316.20 | There is a buy call in this stock with a stop loss of Rs 2,950 with a target of Rs 3,950. In January, this stock can give a return of 19 per cent.
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