Now Reading: Religare picks Mazagon Dock, Oberoi Realty, PB Fintech for short term
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Religare picks Mazagon Dock, Oberoi Realty, PB Fintech for short term
Religare picks Mazagon Dock, Oberoi Realty, PB Fintech for short term
Ajit Mishra of Religare Broking has recommended three stocks for short-term gains over the next one to two weeks amid a volatile market. The Nifty 50 fell for the third straight session…
The Story in Brief
Ajit Mishra of Religare Broking has recommended three stocks for short-term gains over the next one to two weeks amid a volatile market. The Nifty 50 fell for the third straight session on Thursday to close below 24,000 at 24,396, dragged by metal, banking, and financial stocks. Mishra said the 24,350 support level is crucial, with bulls defending it to prevent further near-term decline.
The picks are Mazagon Dock Shipbuilders (target Rs 2,790, stop loss Rs 2,450), Oberoi Realty (target Rs 2,000, stop loss Rs 1,765), and PB Fintech or Policybazaar (target Rs 1,900, stop loss Rs 1,670). Mishra noted breakout patterns and renewed momentum in these stocks, advising accumulation within specified ranges.
The Indian Opinion
Stock tips from a single analyst make for easy headlines but thin portfolios. The three picks have clear stop losses and targets, yet markets hinge on global uncertainty, a US-Iran deal or Strait of Hormuz news could break any chart pattern. The real test for these stocks will be whether they can hold their breakout zones when the Nifty tests 24,350 again next week. Investors should watch volumes on Oberoi Realty and Mazagon Dock, not just price.
Source: livemint.com
This story was synthesised by AI from the source linked above.
