Tag: Hot Stocks

The Nifty index has been on a strong uptrend in the past three weeks, but it has recently retraced some of those gains. It is now expected to oscillate within the 19,605 to 19,878 range over the next few sessions. Three stocks that look good for buying over the next 2-3 weeks are Havells India, KSB, and Gujarat Ambuja Exports. All three stocks have strong bullish momentum and are trading above their key moving averages.

The Nifty broke its three-day winning streak on September 18, but the medium-term trend remains positive. Traders are advised to accumulate longs on decline with a stop-loss at 19,770 on the Nifty on a closing basis. Broad market indices like Nifty Midcap and Smallcap indices are likely to underperform in the coming few weeks. Here are three buy calls for the next 3-4 weeks: AMI Organics, GSFC, and Axis Bank.

Tata Motors, Biocon, RR Kabel, BHEL, Wipro, Prakash Industries, Blue Star, LTIMindtree, BL Kashyap and Sons, NBCC (India), HDFC Bank, JK Lakshmi Cement, Zydus Lifesciences, Sasken Technologies, DCM Shriram, Jindal Steel & Power, Union Bank of India, Central Bank of India, Indian Railway Finance Corporation, and ADF Foods announce various business updates, including new appointments, partnerships, product launches, and investments.

The Nifty is likely to witness some consolidation or price corrections in the near term, but the overall sentiment remains positive. Traders can look to buy dips in Grasim Industries and SBI Life Insurance Company for short-term gains.

The Nifty50 index closed above 19,800 on Friday, its highest level since July 2022. The rally was broad-based, with all 15 sectors ending in the green. The market was supported by strong buying in heavyweights such as Reliance Industries, Infosys, and HDFC Bank. Technically, the Nifty is now eyeing the 20,000 milestone. Investors should not become complacent and wait for dips to initiate fresh longs.