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Tuesday, October 26, 2021

Top 10 Trading Ideas for October Series, These Can Earn Strong Earnings in Short Term

The stock market seems to be breathing after profit recovery on October 1. Four out of the last 5 trading sessions have witnessed selling pressure and the market has slipped 1.8 per cent during the last week from a record high of 17,947.65.

Last week, India VIX also saw a jump and touched a high of 19.43 during the week. However, this week finally settled at 17.2 with a gain of 1.7 per cent. Market experts say that this week the market can be seen trading in the range. For Nifty, resistance is visible around its record high. While there is support for it around 17,300.

Samit Chavan of Angel Breaking Says that the market looks over-stretched at the moment. That’s why we are again advising to keep the position light. We have seen a glimpse of this possibility last week as well. But the fundamentals of the market have not been hurt.

He further said that as far as the key levels for the market are concerned, this week the market’s rally will be limited. We do not think that Nifty will be able to cross the resistance of 17,800–17,950 in this period. On the downside, Nifty is seeing support at 17,450 -17,300. It is only when this level is broken that the first signs of weakness will be visible.

Samit Chavan says that the Fear Index India VIX has also seen a jump. Hopefully this week we will get to see profit recovery again at the upper level. In view of this, traders would be advised to keep their positions light and put a stoploss on their current positions. We will get to see action in select stocks in the market. We should stick to the strategy of betting on quality select stocks. Keep charging profits from time to time.

Today’s 10 calls in which you can earn huge money in 3-4 weeks

Investment Advice by Shrikant Chauhan of Kotak Securities

Welspun Corp: Buy | LTP: Rs 143 | Buy this stock with a stop loss of Rs 135 for target of Rs 165-180. In 2-3 weeks this stock can give returns of 15.4-25.9 per cent.

SAIL: Buy | LTP: 114.80 | Buy this stock with a stop loss of Rs 103 for a target of Rs 140. This stock can give a return of 22 per cent in 2-3 weeks.

Canara Bank: Buy | LTP: 176.85 | Buy this stock with a stop loss of Rs 154 for a target of Rs 205. This stock can give a return of 15.9 percent in 2-3 weeks.

Investment Advice by Nandish Shah of HDFC Securities

Maithan Alloys: Buy | LTP: Rs 1,155.95 | Buy this stock with a stop loss of Rs 1,070 with a target of Rs 1,300. In 2-3 weeks this stock can give returns of 12.5%.

Ingersoll Rand: Buy | LTP: Rs 1,020.95 | Buy this stock with a stop loss of Rs 960 with a target of Rs 1,125. In 2-3 weeks, this stock can give a return of 10.2 percent.

Polyplex Corporation: Buy | LTP: Rs 1,768.10 | Buy this stock with a stop loss of Rs 1,650 with a target of Rs 1,950. This stock can give a return of 10.3 percent in 2-3 weeks.

Investment Advice by Ashish Biswas of CapitalVia Global Research

Vinati Organics: Buy | LTP: Rs 1,921.65 | Buy this stock with a stop loss of Rs 1,750 with a target of Rs 2,100. This stock can give a return of 9.3 percent in 2-3 weeks.

Hero MotoCorp: Buy | LTP: Rs 2,847.95 | Buy this stock with a stop loss of Rs 2,750 with a target of Rs 3,200. In 2-3 weeks, this stock can give a return of 12.4 percent.

ICICI Bank: Buy | LTP: Rs 692.35 | Buy this stock with a stop loss of Rs 670 with a target of Rs 780. In 2-3 weeks, this stock can give a return of 12.7 percent.

Investment advice by Samit Chavan of Angel Breaking

Kirloskar Ferrous: Bullish | LTP: Rs 257.45 | Buy this stock with a stop loss of Rs 241 for a target of Rs 284. This stock can give a return of 10.3 percent in 2-3 weeks.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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