2 weeks ago

Stocks to buy: Kotak's Amol Athawale recommends three shares

Stocks to buy: Kotak's Amol Athawale recommends three shares
Stocks to buy for short term: BoB among 3 shares Amol Athawale of Kotak Securities recommends for next 1-2 weeks · livemint.com

The stock market is a place where people can buy small pieces of big companies, called shares.

On Wednesday, prices in India's main stock markets fell for the second day in a row.

People were worried because of a possible deal between the United States and Iran, and about an important shipping route called the Strait of Hormuz.

Higher oil prices and waiting for new inflation numbers also made investors nervous.

A market expert named Amol Athawale, who works at Kotak Securities, said the market is being supported at a level called 24,300.

He told investors that if the market stays above that level, prices could move higher.

He suggested three stocks to buy for the next one to two weeks: Bank of Baroda, CDSL, and Prestige Estates.

For each one, he gave a target price, which is where he thinks the price might rise to.

He also gave a stop loss, which is the price at which investors should sell to avoid bigger losses.

These are expert recommendations based on charts, but they do not guarantee that prices will go up.

Key facts

Market benchmarks
Sensex and Nifty 50 extended losses for second consecutive session
Market date
Wednesday, 13 August
Nifty key support
24,300 (20-day SMA)
Nifty upside levels
24,500-24,600 if support holds; 24,150-24,100 below 24,300
Bank of Baroda (BoB)
Previous close ₹251 | Target ₹267 | Stop loss ₹242
Central Depository Services (CDSL)
Previous close ₹1,339 | Target ₹1,440 | Stop loss ₹1,295
Prestige Estates Projects
Previous close ₹1,590.70 | Target ₹1,700 | Stop loss ₹1,530
Recommendation horizon
Next 1-2 weeks
Analyst
Amol Athawale, VP - Technical Research, Kotak Securities

Quotes

Amol Athawale

VP – Technical Research, Kotak Securities

“For positional traders, ₹242 is a crucial level to watch. Sustaining above this mark could drive the stock toward ₹267. However, a close below ₹242 would weaken the structure, and traders may consider exiting long positions to manage downside risk effectively.”
livemint.com

Sources

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