Stock to buy for short term: Indian stock market The benchmark Nifty 50 ended last Friday with a solid benefit of 1.92 percent. However, despite this stellar advantage, the index increased the loss over the second consecutive week due to increasing concerns over the economic impact of the trade war.
For the week, the index lost 0.33 percent. In the last week, the index declined by 2.61 percent.
Meanwhile, the Indian stock market will remain closed on Monday and Friday. On Monday, NSE and BSE were Dr. Baba Saheb Ambedkar will be closed for Jayati, while on Friday, one is one Stock market holiday For Good Friday.
For short -term, Q4 will determine the spirit of income, news flows around the trade war, and macroeconomic print market.
Stock pics for short term
The Indian stock market is expected to remain unstable in the near period. Jigar S Patel, senior manager of Equity Research at Anand Rathi Share and Stock Brokers, recommended the purchase of shares of ITC, KNR Construction and Gujarat Ambuja for the next two to three weeks.
ITC | Previous closed: 421.55 | target price: 444 | Lack closed: 408
In the latest session, ITC R3 camarilla pivot broke over resistance 417 and firmly closed, indicate a rapid breakout after consolidating between 390–415.
RSI, which was held near 40 during consolidation, is now above 60, rapidly strengthening motion,
This brakeout supported by strong technical indicators indicates the possible upside down in coming sessions.
“Traders can consider entering long positions 420-422 range, target for target 444. A stop loss should be placed below To effectively manage negative risk based on 408 daily closing, Patel said.
KNR construction | Previous closed: 227.62 | target price: 250 | Lack closed: 214
KNR construction Recently, a rapid deviation has been formed on the daily chart, indicating the potential upward speed.
Additionally, an inner value relationship between March and April Camarilla Pivotes – where the R3 and S 3 of April fall within the range of March – reflects the value compression.
This setup often occurs before a strong directional breakout. The confluence of these technical signals further suggests a possible explosive step.
“A long situation is advised 225-228 region, with an reverse target 250. A stop loss should be maintained below 214 To effectively manage the risk based on a daily closing, Patel said.
Gujarat Ambuja Export | Previous closed: 115.81 | target price: 135 | Lack closed: 105
Gujarat Ambuja Export Broke after consolidation recently 99–110 range, signaling faster speed.
This consolidation occurred near the S3 annual camarilla axis, a significant support level, which adds strength to the rapid setup.
Additionally, a rapid RSI deviation on the daily chart confirms the possible upward movement.
“Businessmen can consider buying 114–116 range, with a closing-based stop loss 105. With the goals of a strong reverse capacity supported by the technical confluence, with the goals of a strong reverse capacity 135, “Patel said.
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Disclaimer: This story is only for educational purposes. The above views and recommendations belong to individual analysts or broking companies, not mint. We recommend investors to investigate with certified experts before taking any investment decisions, as the market situation may change rapidly, and the circumstances may be different.
