3 weeks ago

Siemens, Aurobindo, Shriram Finance picks amid Nifty dip

Siemens, Aurobindo, Shriram Finance picks amid Nifty dip
Siemens to Shriram Finance - Jay Thakkar suggests 3 stocks to buy or sell for short-term in F&O segment · livemint.com

On Wednesday, the stock market in India went down a little bit.

The Nifty 50 index fell to 24,369.40 and the Sensex dropped to 77,814.24.

One reason was that oil prices are high, around $90 a barrel, which worries investors.

People were also waiting for new inflation reports from India and the United States.

Inflation reports show how much prices of things are going up, and they can change how people feel about the market.

An expert named Jay Thakkar from ICICI Securities shared his ideas on stocks.

He thinks three companies look good to buy right now.

Those companies are Siemens, Aurobindo Pharma, and Shriram Finance.

He gave specific prices to buy them and safety prices called stop losses.

The best way to buy these stocks is a little at a time when prices dip.

This kind of advice is for short-term traders who buy and sell quickly.

Key facts

Nifty 50 level
24,369.40 (down 0.42%)
BSE Sensex level
77,814.24 (down 0.44%)
Crude oil price
Around $90 a barrel
Siemens Futures
Buy ₹4,030-4,070; stop loss below ₹3,890; targets ₹4,220 and ₹4,300
Aurobindo Pharma Futures
Buy ₹1,650-1,660; stop loss below ₹1,600; targets ₹1,740-1,780
Shriram Finance Futures
Buy ₹1,110-1,125; stop loss below ₹1,090; targets ₹1,160-1,190
Analyst
Jay Thakkar, ICICI Securities (VP & Head of Derivatives and Quant Research)

Quotes

Jay Thakkar

Vice President and Head of Derivatives and Quant Research at ICICI Securities

“Buy Siemens Futures in the range of ₹ 4,030-4,070; stop loss below at ₹ 3,890; Targets at ₹ 4,220 and ₹ 4,300”
livemint.com

Sources

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