Hot Stocks | Short term Buy calls

Week on week Sensex and Nifty are closing in green and experts are informing this is the right time to entre in the market. Volatility is decreased to the extreme level and market regained its stable position we bring you the 3 hot stocks for short term (3-5 weeks) investment

Century Textiles: CMP: 316 | Target price 340 | Stop loss 305 | Upside 8 Percent

Stock is at 10 days high with Higher volumes and formed strong support on upward slopping trendline and showed good recovery after the march lows. Experts have seen an aggressive buildup on derivative division of this stock it can help to sustain stock at higher levels. Daily RSI levels is at above 70 indicating bullish setup clearly having upper hand here. A must buy in the short term which is 3-5 weeks.

Natco Pharma : CMP: 677 | Target price 740 | Stop loss 655 | Upside 9 Percent

Hyderabad based pharma company Natco is recovering pretty well from march lows and already gave 45 percent returns in last 110 days. Brokerage firm is picking up this stock and influencing investors to buy this stock to diversify their portfolio day by day trading volume is increasing in this stock and this will reach new heights in 3-5 weeks.

Nagarjuna construction (NCC):  CMP: 33| Target price 40 | Stop loss 28 | Upside 17 Percent
After the getting clearance from its pending projects from government Nagarjuna construction has resumed their operations in various sites this has set upward trend in share price. Gave 12 percent returns in just last five days and maintained uptrend. With high volume and positive figures in balance sheet this stock is must buy for short term.

Market is recovering very well with Foreign investment in Reliance Jio, other firms also has approached foreign entity for fresh investment in India this will uplift both Sensex and Nifty. Nifty has strong support at 10,500. In month of June market has seen highest Advance-Decline ratio at 1.54 levels which was highest monthly ratio since May 2009. Our advice is to remain strong in Nifty with the trailing stop loss at 10,450 level.

No comments

Powered by Blogger.