Stock market at a low of 3 months, if you invest here, you will earn big

Investment Idea: The December series has started with weakness in the stock market. In the trading of November 26, along with the giants, there was a sell-off in the small-medium stocks and the Sensex-Nifty closed with a weakness of about 3 percent. Last week, the market closed with a fall of 4% on a weekly basis.

Experts believe that it would be wise to follow the advice of maintaining a cautionary stance on the market in view of the heavy fall of the last week. This pattern of Tuesday was seen to be confirmed after the Nifty broke the neckline level located at 17,700.

yet to fall

However, the downside target of 17,200-17,000 has been achieved. But this decline is not over yet. Looking at the weekly chart, it seems that it is not a big deal if Nifty touches the level of 16,500 – 16,200 in the coming days. The price structure made at this time is pointing towards the same thing. On the upside, there is an immediate hurdle for Nifty at 17,200 – 17,400.

The strength of Nifty will come only when it crosses the level of 17,700 and stays there. At present it seems very difficult to do so. It is expected that Nifty will touch the lower level first. Broadly speaking, the market also seems to be surrendering to the selling pressure. That’s why we should avoid any bottom fishing in a hurry at this time.

We are telling you selected such stocks, which can give strong returns in the next 3-4 weeks.

Shipping Corporation of India: Buying advice with a stop loss of Rs 138, target of Rs 165. 12% return possible in 3-4 weeks.

LIC Housing Finance: Selling advice for a target of Rs 350 with a stop loss of Rs 400. One can get 8% return in 3-4 weeks.

Cipla: Buying advice with a stop loss of Rs 915, target of Rs 1,005-1,093. Returns of 4-13% can be given in 3-4 weeks.

Escorts: Buying advice with a stop loss of Rs 1,755 and target of Rs 2,008-2,164. Possible returns of 7.4-15.8% in 3-4 weeks.

Divis Labs: Buying advice with a stop loss of Rs 4,670 target Rs 5,425-5,770. Returns of 9.9-16.9% can be seen in 3-4 weeks.

GlaxoSmithKline Pharma: Buying advice with a stop loss of Rs 1,590, target of Rs 1,930. A return of 13.3% can be given in 3-4 weeks.

Voltas: Selling Advice with a stop loss of Rs 1,210 for a target of Rs 1,070. Returns of 8.1% can be given in 3-4 weeks.

Mphasis: Selling advice for a target of Rs 2,880 with stop loss of Rs 3,110. Returns of 5.9% possible in 3-4 weeks.

HUL: Buy with a stop loss of Rs 2,294 and target Rs 2,424. A return of 3.8% can be given in 3-4 weeks.

Astral: Buy with stop loss of Rs 2,128 and target Rs 2,275. Returns of 6.2% can be given in 3-4 weeks.

Disclaimer- The information provided here is for informational purposes only. Always consult an expert before investing money as an investor. ABPLive.com never advises anyone to invest money in these places.

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