Kotak Securities Recommends 3 Stocks for Short-Term Gains

The Indian stock market, represented by the Nifty 50 index, has been experiencing a downward trend, falling below its crucial support levels.

Amol Athawale, a technical analyst from Kotak Securities, suggests that the market could continue to weaken and potentially drop to 23,750–23,700.

However, if the market moves above 24,100, it could rebound to 24,200–24,250.

Athawale recommends buying three stocks for short-term gains: Mahindra and Mahindra, Marico, and Apollo Hospitals Enterprise.

Each stock has specific target prices and stop-loss levels based on technical analysis.