Nifty is close to 16000, experts are giving advice to be cautious, these 10 stocks can make good earnings ahead

Last week the bulls took the market to new highs. Sensex touched 52,641 and Nifty touched 15,835 level. Sensex-Nifty closed with a gain of about 1 per cent last week with the impressive performance of small-medium stocks. Although the Nifty did not manage to stay at the 15,800 level on June 11, but it closed above the important support of 15,799.

Experts say that the resistance is seen on the upside for Nifty at 15,900-16,000. In such a situation, investors should not be too aggressive and take long positions. There is a strong resistance for Nifty in the zone of 16,000-16,040.

Satchidanand Utekar of Tradebulls Securities Says that the upside for the June series is seen around 16,040. Trend strength indicator is also showing signs of exhaustion of Nifty. There is no sign of a change in trend anytime soon. India VIX is also seen in the new zone of 11-15 which is a sign of continuation of the ongoing uptrend in the market.

Last week Nifty closed above its 5 week EMA. Which is currently around 15,430 and this level will act as support for Nifty. The level of 15430 will be very important for Nifty this week, which should be watched. As long as Nifty stays above this level, it is likely to move towards 16040.

Sameet Chauhan of Angel Broking Says that this multiyear bull run of Nifty is not going to end yet but the possibility of profit booking also cannot be ruled out. Market veterans say that keep some money in your pocket. Don’t bet too aggressively. Be cautious and adopt the strategy of investing money on selected quality stocks.

Here we are giving you some of the favorite stocks of veterans, which can give good earnings in 3-4 weeks.

Aditya Agarwala’s top picks from Yes Securities

Mahanagar Gas : Buy – Price – 1226 – Buy this stock with a stop loss of Rs 1170 for a target of Rs 1330. Soon this stock can see an increase of 8 percent in 3-4 weeks.

Larsen & Toubro Infotech: Buy – Price – 4175– Buy this stock with a stop loss of Rs 4000 with a target of Rs 4450. Soon in 3-4 weeks this stock can see an increase of 6 percent.

Dr Reddys Laboratories: Buy – Quote – 5451- Buy this stock with a stop loss of Rs 5250 with a target of Rs 5800. Soon in 3-4 weeks this stock can see an increase of 6 percent.

Top Picks of Sameet Chauhan of Angel Broking

Caplin Point Laboratories | Buy – Quote – 656- Buy this stock with a stop loss of Rs 609 for a target of Rs 750. Soon in 3-4 weeks this stock can see an increase of 14 per cent.

Balakrishna Industries | Sell ​​- Quote – 2249.50 – Buy this stock with a stop loss of Rs 2316 for a target of Rs 2130. Soon this stock may see a fall of 5 percent in 3-4 weeks.

Top Picks from SMC Global Securities

Power Grid Corporation of India | Buy – Quote – 246- Buy this share with a stop loss of Rs 226 with a target of Rs 276. Soon in 3-4 weeks this stock can see an increase of 12 percent.

TVS Motor Company | Buy – Quote – 636- Buy this stock with a stop loss of Rs 590 for a target of Rs 700. Soon this stock can see a rise of 10 percent in 3-4 weeks.

Top picks by Satchidanand Uttekar of Tradebulls Securities

UPL: Sell ​​- Quote – 836 – Sell this stock with a stop loss of Rs 860 and target Rs 800. In 3-4 weeks this stock can see a fall of 5 percent.

Escorts: Buy above Rs 1,230, Price: Rs 1,218 – Buy this stock with stop loss of Rs 1,190, target of Rs 1,330. In 3-4 weeks this stock can see an increase of 5 percent.

Tech Mahindra: Buy Price: Rs 1,073 – Buy this stock with a stop loss of Rs 1,030 with a target of Rs 1,130. In 3-4 weeks this stock can see an increase of 5 percent.

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