Archive · 31 Jul 2026
Religare Broking Recommends Short‑Term Buy Picks Amid Nifty Volatility
Ajit Mishra from Religare Broking says the Nifty 50 index is a bit shaky but could go up soon.
He thinks the market might pause for a bit before moving higher.
He recommends buying three stocks for the next one to two weeks: Hero MotoCorp, Indian Hotels Company, and Power Finance Corporation.
He says these stocks have shown good patterns on charts and could rise.
He also says to buy when prices dip and to keep risk in check.
The target prices for the stocks are about ₹5,710 for Hero MotoCorp, ₹808 for Indian Hotels, and ₹458 for Power Finance.
He wants traders to watch the charts and buy when the price looks good.
Nifty 50 traded volatile but ended slightly higher, with oil price pressure from the US‑Iran war keeping sentiment cautious.
Ajit Mishra sees Nifty near 24,400 resistance and the 200‑day EMA, expecting consolidation before a move to 24,600‑24,800.
Mishra recommends buying Hero MotoCorp, Indian Hotels Company, and Power Finance Corporation for 1‑2 weeks, citing breakouts and bullish technical setups.
Target prices: Hero MotoCorp ₹5,710, Indian Hotels ₹808, PFC ₹458, with respective stop‑losses.
Mishra’s strategy is a “buy‑on‑dips” approach focusing on stronger stocks and disciplined risk management.
- Who
- Ajit Mishra, SVP of Research at Religare Broking
- What
- Recommends short‑term stock picks and market outlook
- When
- Thursday (current trading day)
- Where
- Indian domestic stock market, Nifty 50
- Why
- To capitalize on technical breakouts and bullish momentum while managing risk
- Market
- Nifty 50
- Resistance level
- 24,400
- 200‑day EMA
- 24,400
- Recommended stocks
- Hero MotoCorp, Indian Hotels Company, Power Finance Corporation
- Target prices
- ₹5,710; ₹808; ₹458