The second wave of Corona has increased market tension. Due to the rising pace of Covid and the possibility of lockdown, there is a huge sell-off in all sectors except pharma. The market made a grand opening of 2021, but due to the increasing tension between the US and Iran, the pressure on the market has started increasing. Crude has gone up to $ 70, so GOLD prices have reached record highs due to increased demand as a safe investment.
Apart from global events, now the market is also eyeing the budget. Therefore, it is expected that now the budget related shares will come into action. Also, quarterly results are in focus. The results of IT giant Infosys will come out on January 10 this week. So CRUX is that there is going to be a lot of action ahead. In such a situation, we will talk about those stocks in the week, in which a strong movement is being made on the technical charts. Our experts today will tell which stocks can be traded for the whole week.
Rajat Satpute of rajeshsatpute.com and Rajesh Satpute of Nirmal Bang Securities have joined hands with CNBC-Awaaz to inform investors of better earning stocks.
Rajat Bose said that the short that is visible at the moment is due to the news of lockdown. If the Nifty breaks the level of 14265, it can go down further. Cipla, Dr. Reddy is seen in strength. If there is a lockdown, then the FMCG sector will also be affected. However, there will be a boom in the pharma sector.
Giving feedback on the market, Rajesh Satpute said that there may be some more pressure on the index. We will keep an eye on the Nifty but if you want to make a position, then you will buy only in the pharma sector.
Swati Hotkar said that there could be a further decline in midcap and smallcaps. Presently, pharma is one such sector where shopping can be done but buying in midcap and smallcap should be avoided at the moment.
Rajat Bose’s strong earning stock of rajatkbose.com: Dr Reddy
Rajat Bose said that one should shop for Dr Reddy’s stock. Can buy this stock at the level of 4863. It should make a long position for 5160 by putting a stoploss of 4695 in it.
Rajesh Satpute of rajeshsatpute.com a strong earning stock: PFIZER
Rajesh recommends to shop at PFIZER. They said that it should buy on the decline. Long position for 5200 should be made by putting a stoploss of 4600 in this stock.
Swati Hotkar’s strong-earning stock of Nirmal Bang Securities: M&M
Swati said that M&M should sell. He said that it should put a stoploss of 770, it can see a target of Rs 720.
Rajat Bose’s strong-earning stock of rajatkbose.com: ICICI Bank
Rajat has advised to sell in this stock, he said that it should sell at 543 level and it can be seen from 528 to 515 level.
Rajesh Satpute of rajeshsatpute.com strong earning stock: LUPIN
Rajesh Satpute recommends buying in this stock for a target of Rs 1,200 with a stoploss of Rs 1040.
Swati Hotkar’s strong-earning stock of Nirmal Bang Securities: LUPIN
Swati Hotkar is also suggesting buying on Lupine though she has suggested buying with a stoploss of Rs 1050 for a target of Rs 1140.
(Disclaimer: Opinions and Investment Advice on Moneycontrol.com Investment experts have their own personal views and opinions. Moneycontrol advises users to consult a certified expert before making any investment decision.)
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