Stocks to Buy on Monday – Intraday futures, cash market, positional term stocks – HDFC AMC, Kajaria Ceramics, Emami are top shares for BIG GAINS
Stock to Buy on Monday – There will be stock specific action when the stock markets reopen on Monday, market expert Sandeep Jain said. The ongoing earnings season has triggered action in mid cap and small cap stocks, he added. These two segments have been outperforming though there has been some weakness in Bank Nifty and Nifty, Jain said.
The August series has started on a low note with Nifty ending the week with a negative bias going down by almost 15 points on Friday. The broader market NSE Nifty 50 ended at 15,763.05. Meanwhile, the BSE Sensex ended down 66 points at 52,586.84. The Bank Nifty also fell by over 100 points to settle below 34,600.
See Zee Business Live TV Streaming Below:
Stocks to Buy on Monday – HDFC AMC – This was an intraday pick by Jain for investors for Monday. This was from the Futures and Options (F&O) segment and was recommended at levels of Rs 2854. The Tradeswift Director puts the stop loss at Rs 2830 while the target price at Rs 2910 and Rs 2930.
Stocks to Buy on Monday – Kajaria Ceramics – This was the intraday cash market pick for Monday. This is a very good consolidated stock, Jain said adding that the quarterly earnings results for this company are also expected to remain strong for this building material manufacturer. It was recommended at the level of Rs 994. He puts the stop loss at Rs 970 while the target price at Rs 1030 and Rs 1050.
Watch FULL REPORT HERE:
Stocks to Buy on Monday – Emami – As for positional pick, Jain picked an FMCG play. He picked Emami. This stock ended at Rs 559 on Friday on the NSE. He puts the stop loss at Rs 530 while the target price at Rs 690.
Stocks to Buy on Monday – Intraday futures, cash market, positional term stocks - HDFC AMC, Kajaria Ceramics, Emami are top shares for BIG GAINS
Tags: AMC Stock, AMC, (NYSE: AMC)
Stock Market, Latest News on C N N.