Business

Take a bet on selected stocks, these stocks can make good money in 2-3 weeks

Samit Chavan of ANGEL ONE said the market is currently seen in a neutral zone.

After a bit of a slowdown, the bears in the market came into action again on Friday and the Nifty closed below 17,000. Speaking of today’s business, the start of the last business week of the year has been weak. The Nifty has fallen below 16,900 but has a correction of 70 points from the lower level. Nifty Bank has witnessed a maximum fall of 300 points. Midcap is also in a bad mood. Meanwhile, pharma stocks are supporting the market. The Nifty Pharma Index is trading above half a percent. Shares like CIPLA, LUPIN, AUROBINDO and GLENMARK are showing good buying.

Rakesh Jhunjhunwala is buying expert advice on these metallic stocks included in his portfolio, find out what is your investment strategy?

Samit Chavan of Angel One That being said, the market is currently seen in the neutral zone. Now if the market is to gain strength, the Nifty needs to cross the 17,200 – 17,300 level. For this to happen, banking stocks need energy and market troubles will not end unless banking stocks recover. Now we have to keep in mind what the market will be like in the last round of this year. Traders are advised to place bets only on selected stocks in the market as the market will now witness stock specific moves. This situation will continue for the next few sessions.

Buy 2 taps of Samit Chavan which can make huge profit in 1-2 weeks

Cipla: Buy | LTP: Rs.908.30 The stock has a buy call with a stop of Rs 874 and a target of Rs 968. This stock could see a 6.6 percent return in 2-3 weeks.

Coforge: Buy | LTP: Rs 5,645.60 The stock has a buy call with a target price of Rs 5,790 with a stop loss of Rs 5,540. This stock could see a 2.55 percent return in 2-3 weeks.

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