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Mint
27-05-2025
- Business
- Mint
Shares to buy for short-term: From ITC, RVNL to CAMS— experts suggest 6 stocks to buy today amid stock market crash
Shares to buy for the short term: Over the past few sessions, the Indian stock market has been following a trend of 'selling on rise' and 'buying on dips', as a combination of headwinds and tailwinds continues to keep investors uncertain about the market's near-term trajectory. After clocking gains for the last two consecutive sessions, the Nifty 50 fell over a per cent in intraday trade on May 27 on profit booking amid weak global cues, stretched valuations and a lack of fresh immediate triggers. On the other hand, the medium—to long-term prospects of the domestic market remain healthy amid anticipation of solid economic growth, an above-normal monsoon, a strong influx of retail investors, and easing inflation. Experts suggest that at this juncture, investors should focus on stocks with strong fundamentals and favourable technical indicators. Vishnu Kant Upadhyay of Master Capital Services and Mandar Bhojane of Choice Broking recommend buying the following six stocks for the next two to three weeks. ITC has broken out above a key falling trendline resistance, signalling a bullish reversal from its prolonged downtrend. The stock closed at ₹ 443 on Monday, surpassing both its 34-day and 200-day EMAs. The recent price action also saw a consolidation breakout, supported by a bullish Supertrend indication at ₹ 415. "With improving volume, positive development in MACD and positive structure, ITC appears poised for further gains, potentially targeting 470–480 in the near term. Momentum traders may consider accumulating on dips," said Upadhyay. Chennai Petroleum stock shows a notable bullish structure on the daily chart, with a well-defined inverse head and shoulders pattern, a classic bottom reversal formation signalling a potential trend shift from bearish to bullish. The neckline resistance around ₹ 660 has been violated, and the price is attempting to sustain above it. Volume has also picked up near the neckline breakout zone, adding credibility to the move. "Post-breakout, the pattern's projected target could extend towards ₹ 765-780 in the coming weeks," Upadhyay said. RVNL has decisively broken out above a long-term falling trendline, signalling a strong bullish reversal. The stock closed at ₹ 412.05 on Monday, firmly above its 34-day and 200-day EMAs at ₹ 375 and ₹ 390, respectively, confirming positive price strength. Rising momentum, as seen in the bullish MACD crossover and RSI hovering near 63, supports the breakout, indicating room for further upside. This move marks the end of a prolonged consolidation phase and opens the path for higher targets. "Traders may look for potential upside towards ₹ 470-485, with strong support now placed near ₹ 378," said Upadhyay. HUDCO stock is showing signs of a potential breakout from an inverted head-and-shoulders pattern, accompanied by a significant increase in trading volume, which indicates a bullish trend. "If the price closes above the ₹ 240 level, it could reach short-term targets of ₹ 270 and ₹ 280. On the downside, immediate support is at ₹ 230, presenting a buying opportunity on dips. To manage risk prudently, a stop loss at ₹ 224 is recommended," said Bhojane. HCC stock has recently broken out of its daily range, with a significant increase in trading volume, suggesting a potential bullish breakout. "If the price closes above the ₹ 31.50 level, it could reach short-term targets of ₹ 35.50 and ₹ 36. On the downside, immediate support is at ₹ 30, offering a buying opportunity on dips. To manage risk effectively, a stop loss at ₹ 29 is advisable," said Bhojane. CAMS stock is on the verge of a breakout from an ascending triangle pattern on the daily chart, accompanied by a significant increase in trading volume, indicating a strong bullish trend. "If the price closes above the ₹ 4,000, it could potentially reach short term targets of ₹ 4,400 and ₹ 4,500. On the downside, immediate support is at ₹ 3,880, offering a buying opportunity on dips. To manage risk effectively, it is advisable to set a stop loss at ₹ 3,770," said Bhojane. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
New Indian Express
15-05-2025
- Business
- New Indian Express
Nifty reclaims 25,000 mark as inflation cools, India-US trade tensions ease
MUMBAI: India's equity market surged sharply on Thursday with the benchmark NSE Nifty reclaiming the 25,000 mark after seven months and BSE Sensex advancing 1,200 points. The fresh rally is primairy attributed to softening of inflation and easing trade tensions between India and the USA. The BSE Sensex gained 1,200.18 points or 1.48% to settle the day at 82,530.74 while the Nifty settled above the 25,000 mark at 25,062.10, up by 395.20 points or 1.6 %. The two benchmarks have rallied about 4% each in the four sessions of this week. 'The bullish momentum was underpinned by a favorable shift in global cues and renewed optimism surrounding a potential India-US trade agreement. Additionally, a rally in rate-sensitive sectors on growing expectations of a rate cut, coupled with sustained foreign institutional investor (FII) inflows, added to the upside,' said analysts at Bajaj Broking Research. Palka Arora Chopra, Director, Master Capital Services, said that the key catalyst to Thursday's surge could be the moderation in inflation rates, which has strengthened market expectations of a potential rate cut by the RBI in the coming months, thereby boosting investor confidence. In addition, speculation about a possible early trading agreement between India and the United States has boosted market bullishness, especially among export-quality and globally traded sectors Chopra added that this momentum is being aided by the continued inflow of foreign institutional investor (FII) funds, as many global investors returned to Indian stocks. 'Another part of the recent rally in the Indian markets was the lessening of India-Pakistan tension, which might have been an important contributor to uncertainty. On the whole, this slowing of downward pressure and uncertainty has fed opportunity and ultimately produced a broad-based rally across key indices,' stated Chopra.
Mint
13-05-2025
- Business
- Mint
Stocks to buy for short term: From ACC, Naukri to Persistent Systems— experts suggest THESE 6 stock picks
Stocks to buy for the short term: A day after surging nearly 4 per cent, boosted by the ceasefire between India and Pakistan and the US-China trade deal, the Indian stock market benchmark Nifty 50 index fell 1 per cent in morning trade on Tuesday, May 13, due to profit booking. Experts pointed out that the rally on Monday could be due to short-covering, as indicated by the trends of FII and DII buying. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, pointed out that a sharp 916-point surge in Nifty on Monday was not caused by institutional activity. "The combined FII and DII buying yesterday was only ₹ 2,694 crore. This means the market surge was triggered by short-covering and HNI plus retail buying. This implies that institutional activity is likely to remain subdued in the coming days, which may constrain the continuation of the rally," said Vijayakumar. Experts expect the market to witness some volatility amid the ongoing earnings season. They suggest investors should buy quality stocks with favourable technical indicators. Vishnu Kant Upadhyay of Master Capital Services and Hardik Matalia of Choice Broking recommend buying the following six stocks for the next 2-3 weeks. Expert: Vishnu Kant Upadhyay, AVP - Research & Advisory at Master Capital Services Info Edge has delivered a strong breakout above the consolidation zone near 1440, backed by a sharp surge in volume, which confirms buyers' fresh participation. The stock has decisively crossed its 55-, 100-, and 200-EMA levels, indicating a trend reversal from its recent downtrend. The RSI has moved above 60, showing strengthening momentum, while the MACD has given a fresh bullish crossover above the zero line, supporting upward continuation. 'Prices are now looking to pave the way for ₹ 1,585 and then ₹ 1,624. However, prices shouldn't fall below ₹ 1,395 to keep the bullish tendency intact,' said Upadhyay. Kirloskar Brothers has staged a bullish breakout from a falling wedge pattern on the daily chart, signalling a potential trend reversal. The price has moved decisively above key EMAS (34, 55, 100, and 200), confirming strength in the uptrend. A 3.35 per cent surge in the latest session, coupled with an RSI above 62, reflects building momentum. Additionally, a bullish MACD crossover supports the positive outlook. 'Prices are likely to extend a rally towards the upper boundary of the wedge near ₹ 2,055 and ₹ 2,090, marking the next key resistance zone,' Upadhyay said. ACC is showing early signs of a potential bullish reversal with the formation of a double bottom pattern near 1780. The stock rebounded sharply by 2.6 per cent on Monday from the vicinity of the lower range value of the double bottom pattern, indicating strong buying interest at key support. Although the price remains below the 200-day EMA, the bounce from the neckline support, improving RSI from oversold territory (now near 41), and early signs of MACD convergence hint at a trend shift. After hitting its recent peak, Persistent Systems witnessed a bounce back toward its support zones, where it found strong buying interest and bounced back from the lower levels. Following this recovery, the stock has now broken out of a falling trendline, signalling the resumption of its broader uptrend and renewed bullish momentum. On the daily timeframe, the stock has formed a strong bullish candle, confirming buying interest and strength at lower levels. It is currently trading above all its key exponential moving averages — short-term (20-day), medium-term (50-day), and long-term (200-day) — highlighting a robust trend structure and reinforcing the bullish outlook. The Relative Strength Index (RSI) stands at 68.76 and is trending upwards, indicating strong momentum and sustained buying strength. This further supports the probability of the stock continuing its upward trajectory. 'Traders may consider buying Persistent at ₹ 5,876.50, with a stop-loss set at ₹ 5,555. A sustained move above ₹ 6,000 could act as a trigger for the next leg of the rally, potentially driving the stock toward the ₹ 6,500– ₹ 6,550 zone in the near term, offering a favourable risk-reward setup for positional trades,' said Matalia. Dalmia Bharat has been consolidating within a wide trading range over the past few months, indicating a phase of accumulation before a potential directional move. The stock is now approaching the upper boundary of this range and is on the verge of a breakout, which, if successful, could lead to a strong upside rally. Technically, Dalmia Bharat is trading above all its key exponential moving averages — short-term (20-day), medium-term (50-day), and long-term (200-day) — reflecting underlying strength and an improving trend structure. This alignment of moving averages supports the bullish setup and increases the likelihood of a breakout sustaining. The Relative Strength Index (RSI) is currently placed at 61.55 and is showing signs of reversal along with a potential positive crossover. This suggests increasing buying interest and momentum, further supporting the case for a bullish breakout. 'Traders may consider buying Dalmia Bharat at ₹ 1,980.90, with a stop-loss set at ₹ 1,880. A sustained move above ₹ 2,020 could trigger a fresh leg of rally, with upside potential toward the ₹ 2,180– ₹ 2,200 zone in the short term, offering a favourable risk-reward opportunity for momentum traders,' said Matalia. AIA Engineering has recently given a breakout from a falling trend line, signalling a potential shift in momentum after a period of consolidation near lower levels. The stock has also broken out of a narrow trading range, indicating a renewed bullish sentiment and possible trend reversal. This breakout has been accompanied by the formation of a strong bullish candle on the daily chart, reinforcing buying strength and increasing the probability of continued upside. Technically, AIA Engineering has bounced back from its lower levels and is now trading above its short-term (20-day) and medium-term (50-day) exponential moving averages, suggesting that the stock is gaining upward traction. The next key level to watch is the long-term (200-day) EMA, which could act as a potential resistance, but a successful test and breakout above it would further confirm the bullish trend. The Relative Strength Index (RSI) stands at 56.41 and is trending upwards, indicating strengthening momentum and improving buyer interest. This aligns well with the price action and supports the bullish view. 'Traders may consider buying AIA Engineering at ₹ 3,245.80, with a stop-loss set at ₹ 3,080. On the upside, the stock has the potential to test the ₹ 3,500– ₹ 3,525 zone in the short term, offering an attractive risk-reward setup for traders looking to capitalise on the breakout and ongoing trend strength,' said Matalia. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Mint
29-04-2025
- Business
- Mint
Stocks to buy for short term: From Sun Pharma to HAL— experts suggest THESE 6 stock picks; do you own any?
Stocks to buy for the short term: Snapping its two-day losing run, Indian stock market benchmark, the Nifty 50, ended with a solid gain of 1.20 per cent at 24,328.50. Easing trade war jitters, in line Q4 earnings and foreign capital inflow were the key reasons behind the market rally. The evolving situation between India and Pakistan after the Pahalgam terror attack remains a key variable for the market. Still, experts point out that India's restrained response to it has also calmed the market's nerves. Experts say news flows surrounding geopolitical events will continue to influence the Indian stock market. They advise investors to remain cautious in the near term. "Investors are advised to exercise caution in the near term as the market is yet to discount the impact of retaliation for the Pahalgam terror attack. For a new investor, holding a position on cash and debt of about 40 per cent with a bottom-up approach on equity based on the earnings outcome will be a beneficial strategy," said Vinod Nair, Head of Research, Geojit Investments Limited. While geopolitical cues remain key triggers, the domestic market is also expected to see stock-specific action amid the ongoing earnings season. Experts say investors should bet on stocks with sound fundamentals and favourable technical indicators. Vishnu Kant Upadhyay of Master Capital Services and Hardik Matalia of Choice Broking recommend buying the following six stocks for the next 2-3 weeks. Take a look: Expert: Vishnu Kant Upadhyay, AVP - Research & Advisory at Master Capital Services Eicher Motors has witnessed a strong bullish momentum, successfully sustaining above key technical levels. After forming a higher low pattern near the 200-day EMA, the stock has witnessed a decisive breakout from a symmetrical triangle, indicating a continuation of the primary uptrend. The RSI is hovering around 59.69, staying in the positive zone without entering overbought territory, signalling ample room for further upside. "Prices are consolidating above the breakout zone near ₹ 5,480-5,450, suggesting healthy profit booking after a sharp rally rather than a reversal. The structure remains firmly bullish as long as the stock holds above ₹ 5,370 support levels," said Upadhyay. Bharat Petroleum has staged a strong breakout above its key moving averages, indicating a shift toward bullish momentum. Upadhyay pointed out that the stock is now holding firmly above the ₹ 300 resistance zone, with RSI approaching the overbought territory and MACD sustaining a positive crossover. This setup suggests strength and potential for further upside. "As prices sustain above the cluster of all key moving averages, the likelihood of a further move towards ₹ 340 rises. Overall, the price structure and momentum indicators favour a bullish bias, with ₹ 285 expected to support any pullbacks," Upadhyay said. Hindustan Aeronautics has broken out of a falling channel pattern with strong volume support, indicating a shift toward a bullish trend. The stock has reclaimed all key moving averages, and the RSI is trending higher near the 67 zone, suggesting strength in momentum. Additionally, MACD remains positive, supporting the bullish setup. "Prices are now looking to pave the way for ₹ 4,900 and then ₹ 5,000. On the downside, the breakout zone near ₹ 4,000 is expected to be a strong support on any dips," said Upadhyay. After hitting a record high, Sun Pharma has witnessed a healthy rebound while consolidating within a wide trading range. The stock has shown a strong buying response and a reversal from its key demand zones, supported by consistent trading volumes, reflecting growing investor confidence. It is now on the verge of breaking out from this consolidation range, setting up for a potential upward move. Matalia pointed out that Sun Pharma is trading above all its key moving averages, short-term (20-day), medium-term (50-day), and long-term (200-day) EMAs, highlighting a strong underlying bullish trend. The RSI is placed at 65.20 and is trending upwards, indicating strengthening momentum and rising buying interest. "Traders can consider buying Sun Pharma shares at the current price of ₹ 1,841.60, with a stop loss placed at ₹ 1,750. A breakout above the consolidation range could open the door for an upside move toward the ₹ 2,025– ₹ 2,040 zone, offering an attractive risk-reward setup for short-term gains," said Matalia. Supreme Industries witnessed a steep decline of nearly 52 per cent from its peak. The stock had been consolidating in a narrow range near the lower levels, forming a strong base. Recently, it has broken out from this consolidation, supported by a noticeable rise in trading volumes, indicating renewed buying interest and the possibility of a trend reversal. Matalia observed that Supreme Industries has bounced well from the lower levels and has surpassed its short-term (20-day) and medium-term (50-day) EMAs. "If the stock sustains above these levels, it could continue its upward trajectory toward testing its long-term (200-day) EMA," said Matalia. The RSI is currently at 61.19, trending upwards, strengthening momentum and growing buying strength. "Traders can consider buying Supreme Industries shares at the current price of ₹ 3,635.10, with a stop loss set at ₹ 3,450. A sustainable move above ₹ 3,700 could drive the stock higher toward the ₹ 4,000– ₹ 4,050 zone, offering a favourable setup for short-term gains," said Matalia. Whirlpool of India has been consolidating within a range after a steep decline of nearly 63 per cent from its peak. The stock is now on the verge of breaking out of this range, having formed a rounding bottom pattern on the daily time frame — a bullish reversal structure. The price action is supported by increasing volumes, adding conviction to the potential breakout setup. Matalia pointed out that Whirlpool of India stock has bounced strongly from lower levels, surpassing its short-term (20-day) and medium-term (50-day) EMAs, and is now eyeing its long-term (200-day) EMA. The RSI stands at 67.03 and is trending upwards, indicating strengthening momentum and rising buying interest. "Traders can consider buying Whirlpool of India shares at the current price of ₹ 1,199.85, with a stop loss at ₹ 1,130. A sustained move above ₹ 1,225 would confirm the breakout and could trigger an upside rally toward the ₹ 1,335– ₹ 1,360 zone, offering a promising risk-reward opportunity," said Matalia. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary. First Published: 29 Apr 2025, 08:39 AM IST
Mint
22-04-2025
- Business
- Mint
Stocks to buy for short term: From SBI, ICICI Bank to LIC Housing Finance— experts suggest 6 stock picks
Stocks to buy for short term: Indian stock market has been enjoying a healthy run over the last five consecutive sessions. In these five sessions of gains, the Sensex has jumped 5,561 points, or 7.5 per cent, the Nifty 50 has gained 1,726 points, or 7.7 per cent and investors have become richer by about ₹ 32 lakh crore. On Monday, April 21, the Nifty 50 reclaimed 24,125. Experts expect the index to reach 24,450–24,500 in the short term. "The Nifty 50 has given a clean breakout above the previous swing high on the daily chart as optimism among investors increases. Sentiment is expected to remain positive as long as the index sustains above the critical moving average. Moreover, the Nifty has moved above the critical resistance of 24,100. Therefore, it looks well on track to reach the 24,450–24,500 zone in the short term. On the lower end, support is placed at 23,850," said Rupak De, Senior Technical Analyst at LKP Securities. Experts say one should focus on quality stocks and avoid aggressive bets. Vishnu Kant Upadhyay of Master Capital Services and Hardik Matalia of Choice Broking recommend buying the following six stocks for the next 2-3 weeks. Take a look: SBI has witnessed a decisive breakout from a well-formed inverse head and shoulders pattern on the daily chart, signalling a strong bullish reversal. The neckline breakout above ₹ 780 was accompanied by a sharp surge in volume and price, confirming buying strength. The stock has closed above both its 50-day and 200-day EMAs, reinforcing the bullish momentum. "With the price now sustaining above the neckline support, further upside toward the ₹ 850, ₹ 860 levels looks likely. The pattern also indicates improved investor sentiment and a potential trend reversal from recent consolidation," said Upadhyay. ICICI Bank has given a bullish breakout above the resistance level of ₹ 1,350-1,360, supported by strong volumes and momentum. The price has sustained well above all key EMAs (21, 55, 100, and 200), indicating a strong uptrend. RSI is near 72, reflecting bullish strength without overbought exhaustion. MACD crossover remains positive with rising histogram bars, further validating upward momentum. "The breakout from a multi-month consolidation suggests fresh buying interest and potential for a sustained rally. As long as the stock holds above ₹ 1,320, it may head toward ₹ 1,520 and ₹ 1,540 in the near term. Buy-on-dips strategy is recommended," Upadhyay said. LIC Housing Finance has confirmed a classic inverse head and shoulders breakout on the daily chart, indicating a strong bullish reversal pattern. The stock has broken above the neckline near ₹ 580 and is now trading above all major EMAs, reinforcing trend strength. The RSI is at 65, showing bullish momentum, while the MACD has given a fresh positive crossover. "Sustained price action above the neckline could lead to further upside towards ₹ 658 and then ₹ 675 in the near term. Near-term support aligns around ₹ 562. With improving structure and buying volume, the stock offers a favourable risk-reward opportunity for positional traders," said Upadhyay. MapmyIndia has been consolidating within a wide range after a sharp decline of nearly 45 per cent from its peak. This extended base formation near the lower end of the range signals accumulation and a possible trend reversal. "The stock is now approaching a crucial resistance at ₹ 1,800, and a sustained move above this level could confirm a breakout, paving the way for a near-term rally toward the ₹ 1,950– ₹ 1,985 zone," said Matalia. The stock has rebounded well from lower levels and is now trading above its short-term (20-day) and medium-term (50-day) EMAs, while nearing its long-term (200-day) EMA. Matalia believes a close above this long-term average would further strengthen the bullish case. The RSI stands at 64.82 and is trending upwards, indicating rising momentum and growing buying interest. "Traders can consider buying at the current level of ₹ 1,787.50 with a stop loss at ₹ 1,705. A breakout above ₹ 1,800 could unlock further upside, making it an attractive opportunity for short-term gains and positional buying," said Matalia. After a prolonged bearish phase, IFCI is now consolidating in a narrow range, signalling potential accumulation near lower levels. The recent price action indicates early signs of a reversal, supported by buying interest from the bottom, hinting at a shift in sentiment. "A decisive and sustainable move above the ₹ 46 mark would confirm a breakout from this consolidation phase, potentially triggering a fresh up move toward the ₹ 51.50– ₹ 52.50 zone in the near term," said Matalia. The stock has rebounded from lower levels and has already surpassed its short-term (20-day) EMA. It is now approaching its medium-term (50-day) EMA, and a successful breach could pave the way toward testing its long-term (200-day) EMA—further strengthening the bullish outlook. The RSI stands at 55.89 and is trending upwards, reflecting building momentum and improving strength. "Traders can consider buying at the current market price of ₹ 45.48 with a stop loss at ₹ 42.50. A breakout above ₹ 46 could unlock further upside, making it attractive for short-term gains," Matalia said. Manyavar witnessed a steep decline of nearly 50 per cent from its highs. After this correction, the stock moved sideways, forming a base near the lower levels, which indicates possible accumulation and a pause in the downtrend. "The recent price action suggests the stock is attempting to break out of this consolidation range. A sustained move above ₹ 825 would confirm the breakout and could lead to a bounce towards the near-term resistance zone of ₹ 890– ₹ 910," said Matalia. Technically, Manyavar is now trading above its short-term (20-day) EMA and is approaching its medium-term (50-day) EMA. A successful breach of the medium-term average would further validate the reversal setup and strengthen the bullish sentiment. The RSI is at 50.27 and shows signs of an upward reversal, improving momentum and growing buying interest. "Traders may consider buying at the current price of ₹ 802.30 with a stop loss at ₹ 757. A breakout above ₹ 825 could unlock further upside, offering a favourable risk-reward setup in the short term," said Matalia. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary. First Published: 22 Apr 2025, 08:43 AM IST
