Stocks to buy for short term: nagaraj shetti sugges sjvn, berger paints shares; Do you oven?

Stock Market Today: The Indian Stock Market Experienced Widespread Buying, which propelled the sensex and nifty 50 benchmarks to rain by more than 1% during 1% DURADAY TRDANGING on Thursday, Jun

The sensex started at 81,196.08, compared to its prior close of 80,998.25, and surged over 900 points, or 1%, Reaching an intraday peak of 81,911.13. Meanwhile, the nifty 50 commented at 24,691.20 Against its previous close of 24,620.20 and climbed over 1% to an intraday high of 24,899.85.

Market analysts sugges that Investor Optimism is Driven by Potential Advancements in the India-Hus Trade Agreement and Expectations for a Rate Reduction by the Reserve Bank of India’s Monetary Committee (MPC).

Over the Past Several Weeks, Indian Stock Markets Have Outperformed Global Indices as Volatily Persists in International Markets Due to Looming Us Reciprocal Tariffs. Moreover, a favorite inflation report in India has also provided some support to domestic equity indexes.

Nagaraj Shetti of HDFC Securities Expects Nify 50 Short-term trend remains positive and the next overhead resistance to be watched at 24,850. Nagaraj Shetti recommends sjvn, and berger paints shares to buy in the near-term.

Market Views – Nagaraj Shetti, Senior Technical Research Analyst of HDFC Securities

Nifty 50 witnessed follow-through upmove so far on Thursday and is currently trading higher by 90 points. Nifty 50 has been moving in a broader high low range of 24,500-25,000 levels over the last couple of weeks and is currently bouncing backing back from Near Lower Lower End of A Rang.

The short-term trend remains positive and the next overhead resistance to be Watched at 24,850. A Decisive UPSIDE Breakout of this Hurdle Cold Open More UPSIDE in the Near Term.

Technical Picks: Stocks to buy in the short-term

Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short -term – sjvn ltd, and berger paints India ltd.

Buy sjvn at 103.20, target 110, stoploss 99, Timeframe 1 Week

After witnessing a healthy downward correction in the last couple of weeks, the sjvn share price has bounced back so far this week. Bullish pattern like higher tops and bottoms is intact as per weekly chart. Volume pattern and rsi shows positive indication.

Buy Berger Paints India at 580.30, target 615, stoploss 560, timeframe 1 week

Berger Paints Share Price Has Sruised Up Sharma The stock price has also broken Above the Hurdle of Down Sloping Trend Line At 570 and is currently trading higher. Volume expanded during UPSIDE Breakout in the Stock Price and RSI Shows Positive Indication.

Disclaimer: The views and recommendations about individual analysts, experts and broking companies, not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decision.