Best Stocks to Buy Today: Expert Raja Venkatraman’s recommendations for 28 May

Three stocks to buy as recommended by Raja venkatraman of neotrader for wedding, 28 May.

Kei (Current Market Price 3,533.60)

• Why it’s recommended: The stock has shown continued focus on Improving Profitability Despite Challenges from new entrants. The company is investment in significant expansion projects, which would lead to Increased Production Capacity and Growth. Further, The Steady Acceleration is Forming a Breakout-Retest Setup. With bulish signals emerging, a long Opportunity Can Be Considered.
• Key metrics: P/e: 48.45, 52-wheek high: 5040.40, Volume: 362.31 K.
• Technical analysis: Support at 3250, Resistance at 4000.
• Risk factors: Market Volativity, Increasing Competition and Commodity Headwinds.
• Buy at: CMP and Dips to 3470.
• Target price: 3750-3850 in 1 month.
• Stop Loss, 3430

Also read: This luggage leader is staging a turnaround. But can it overcome its bagge?

Wheels (Current Market Price 793.45)

• Why it’s recommended: The stock has shown signs of recovery despite challenging Scenario on the Revenue Front Hinting at some management changes that is revneue growth and positive management commentary is generating demand. After Testing Key Support Levels, Renewed Buying Interest and A Cup and Handle Pattern Technical Setup, Hinting at a long options.
• Key metrics: P/E: 18.31, 52-wheek high: 915, Volume: 93.22k.
• Technical analysis: Support at 648, Resistance at 893.
• Risk factors: Global Economic Slowdown, Supply Chain issues, and Increasing Preference for Aluminum Wheels.
• Buy at: CMP and Dips to 755.
• Target price, 890-945 in 1 month.
• Stop Loss, 740.

Concor (Current Market Price 768.70)

• Why it’s recommended: Concor is a container transportation and handling company, offering services like Rail-Linked Terminals, Warehousing, and Container Freight Stations, All Contributing to a Robust Logistics Chain. The charts have been moving in a narrow range and finally the first Above The key Resistance Zone Around 720 has given some support to the pristers. With some Rerating by jeffries this can be considered as a good initiative to go long.
• Key metrics: P/E: 36.69, 52-wheek high: 1194, Volume: 5.04 M.
• Technical analysis: Support at 650, Resistance at 950.
• Risk Factors: Weak Demand, Lower Handling and Storage Charges, and Increased Competition.
• Buy at: Above 769 and Dips to 735.
• Target price, 820-845 in 1 month.
• Stop Loss, 722.

Also read: JK Cement Beats Peers on a Critical Parameter, but Watch out for Party Poopers

Stock market recap

On 27 May, The Stock Market Experienced Intense Fluctations, with the Sensex Oscillating Nearly 1,300 points as investors grappled for dominance. A Sharp Selloff in Auto, IT, and FMCG Stocks put an end to the nifty and senses’s brief winning streak.

Despite the Turbulence, The Broader Market Showcased Resilience, Closing Slightly Higher after a Volatile Trading Session, Providing a hint of steadiness amid the uncertie.

The sensex declined 624.82 points, or 0.76% to settle at 81,551.63, while the nifty dropped 174.95 points, or 0.70%, landing at 24,826.20. Market Breadth was relatively balanced, with 1,893 stocks gaining, 1,898 losing ground, and 137 remains unchanged.

The markets are demonstrated that pullbacks will be met with fresh boying, while elevated valuations will likely lead to profit-taking during rallies. A sustained upward trend is expected only when key indicators point to a revival in corporate earnings that is visible in portions across the sector.

Also read: Operation Sindoor: Defense stocks can add firepower to your portfolio. But there’s a catch.

Outlook for Trading

Over the last few days, the markets have been founds as the exact trends have not been able to sustain the large-speculation Volativity that is pladuing the market Despite the Constant Attempt to Bolster the trends the markets have been failing since the last one month.

The trends Seen Currently is definitely not indicating the ability of the market to review and this is causing the sentiment to Remain Mute. At the moment, we should be looking at the trends that is constantly showing an intention to review from lower levels ahead of the monthly expiry.

Hence, one should track the trends that are in progress as upmove needs to continue their attempt to move worth 25000 (nifty spot) to renew the bullying bias. Currently, the hours indicating that the pris are creating a new base and the shift in sentiment has formed a new support zone Around 24500.

Going ahead, the breach of this level could lead to resumption of Selling pressure. As the trends emerging from lower levels remai

Daily nifty

Price are stuck in a range but trying to Inch Higher. For undertaking shorts, we need to see nifty move below 24500 and until then every Dip will remain a buying opportunity. Based on the open interest data, 24800 is the immediati area of ​​attention where the max pain of nifty is now holding the market.

If we witness a 30-minute Range Breakdown on Wednesday We Can Consider Trends will remove tentative where we are expected to Gather Pace. As ranging market is in play, we need to be quick in profit taking as we are concerned operating in a stock specific mode.

Raja venkatraman is co-founder, neotrader. His SEBI-Registered Research Analyst registration no. is inh000016223.

Investments in Securities are Subject to Market Risks. Read all the related documents carefully Before Investing. Registration Granted by Sebi and Certification from Nism in No Way Guarantees Performance of the Intermediary or Provide any Assurance of Returns to Investors.

Disclaimer: The Views and recommendations giving in this article are there that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.