Hey investors! 
Wondering where to put your money next week? Let’s break down the latest buzz on the stock market:
Despite global caution, the Indian stock market closed higher for the second time in a row. The Nifty 50 index gained 52 points, reaching 21,710, while the BSE Sensex hit 72,000. On the flip side, the Bank Nifty index dipped by 36 points, ending at 48,159.
Looking ahead, Sumeet Bagadia, Executive Director at Choice Broking, believes that positive vibes are still in the air. He suggests keeping an eye on the Nifty 50 index, which is hovering around the 21,500 to 21,800 range. To catch the next trend, we’ll need a breakthrough on either side of this range.
Here are Bagadia’s top three stock picks for next week:
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GAIL: Buy at ₹164, target ₹185, stop loss ₹152.
- GAIL is at an all-time high of ₹164, showing strength.
- The stock is holding steady at ₹158, indicating stability.
- A short-term target of ₹185 is on the horizon.
- Entry around ₹160 is favorable, with a safety net at ₹152.
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TCS: Buy at ₹3737, target ₹3900, stop loss ₹3650.
- TCS is bouncing back from ₹3737 with good volume.
- A morning star pattern suggests a target of ₹3900.
- Consider buying around ₹3690, with support at ₹3650.
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HUL: Buy at ₹2620, target ₹2720, stop loss ₹2528.
- HUL rebounded from ₹2586, close to its 20-day EMA.
- Trading at ₹2620, the stock maintains strength.
- Minor resistance at ₹2636; breaking this could trigger a bullish trend.
- Aim for ₹2720 with entry around ₹2620, adding up to ₹2605, and a safety net at ₹2586.
Attention to all my trading enthusiasts! You need to know which stocks to trade this Monday. In summary, these picks present exciting opportunities for potential gains. Always be cautious and set up stop-loss points to protect your investments. Happy investing!
