6 days ago
Kotak Securities Analyst Names Three Stocks for Short-Term Gains
Amol Athawale, a market analyst at Kotak Securities, suggested three stocks for the next one to two weeks.
He believes Bank of Maharashtra could rise toward ₹92 if it stays above ₹83.
Grasim Industries could move toward ₹3,540 if it remains above ₹3,190 and breaks out of its trading pattern.
Lupin could rebound toward ₹2,350 while it trades above ₹2,120.
These levels are the analyst’s targets and risk limits, not guarantees.
The broader Nifty 50 index fell on Wednesday.
Athawale said the market looked weak during the day.
He advised traders to use important price levels when making short-term decisions.
Amol Athawale of Kotak Securities recommended three stocks for a one- to two-week holding period.
His picks are Bank of Maharashtra, Grasim Industries, and Lupin.
Bank of Maharashtra has a target price of ₹92 and a stop loss of ₹83.
Grasim Industries has a target price of ₹3,540 and a stop loss of ₹3,190.
Lupin has a target price of ₹2,350 and a stop loss of ₹2,120.
- Who
- Amol Athawale, vice president of technical research at Kotak Securities, made the recommendations.
- What
- He recommended buying Bank of Maharashtra, Grasim Industries, and Lupin for the short term.
- Where
- The recommendations concern the Indian stock market.
- When
- The recommendations were for the next one to two weeks, following Wednesday’s market close.
- Why
- Athawale cited technical signals, including breakouts, support levels, buying interest, and potential bullish momentum.
Key facts
- Analyst
- Amol Athawale, VP - Technical Research, Kotak Securities
- Holding period
- One to two weeks
- Bank of Maharashtra
- Previous close ₹85.60; target ₹92; stop loss ₹83
- Grasim Industries
- Previous close ₹3,299.90; target ₹3,540; stop loss ₹3,190
- Lupin
- Previous close ₹2,185; target ₹2,350; stop loss ₹2,120
- Nifty 50 close
- 24,208, down 127 points or 0.52% on Wednesday
- Market view
- Athawale described the overall market texture as non-directional and favored level-based trading
Quotes
Amol Athawale
Vice President of Technical Research at Kotak Securities
“For positional traders, ₹2,120 would be the decisive level. Trading above the same uptrend formation will continue till ₹2,350. However, if it closes below ₹2,120, traders may prefer to exit from trading long positions.”
livemint.com
“For the next few trading sessions, ₹83 could be the trend decider level for the bulls. If it sustains above the same, we can expect further uptrend towards ₹92.”
livemint.com
Sources
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