Business

Stock Tips: These two stocks will make great earnings, this is the opinion of market experts about Nifty

Written by admin

Stock Tips: These two stocks will make great earnings, this is the opinion of market experts about Nifty

Market Outlook: After a long pause, the bulls once again took control of the market.

Market Outlook: After a long pause, once again the bulls took control of the market. Nifty managed to close above the resistance level of 17354 amid heavy volatility last week. The last year was great for the domestic benchmark index Nifty 50 and this year is also showing signs of being. IT, metal and financial stocks may remain bullish this year. On the other hand, if we talk about Nifty, staying above 17 thousand will be positive and it will create a strong base.

Nifty has recently crossed the resistance level of 17350 and now it can move towards the level of 17500 and then 17777. Talking about this week, buying can be done in the shares of IT, metal and consumer companies. Talking about individual stocks, investors can earn handsome profits by investing in Titan and JSW.

Market outlook in 2022: How will the market move in the new year? Experts are trusting these stocks.

Titan
Target: Rs 2670 | Stoploss: Rs 2480

  • Big Bull Rakesh Jhunjhunwala’s favorite stock has formed a bullish candle on the Daily chart with excellent volume activity, indicating a buying trend. Apart from this, the RSI oscillator is also positive on the daily and weekly scales. A trading day earlier on Friday, Titan was among the top performing top stocks.
  • Investors can invest in this stock at a target price of Rs 2670 by placing a stop loss of Rs 2480.

Best 5 Stocks for 2022: You can bet on these 5 stocks for good earnings in the new year, experts expressed confidence of better returns

JSW Steel
Target: Rs 675 | Stoploss: Rs 643

  • After a long time last week, investors showed interest in metal stocks. Talking about metal stocks, JSW Steel has made a breakout and it is getting strong support at the level of Rs 642.
  • JSW Steel shares are showing strong signs of further bullish trend and investors can invest in it by placing a stop loss at Rs 643 level at a target price of Rs 675.

(Article: Rahul Shah, Senior Vice President, Group Advisory Leader – PCG, Broking & Distribution, Motilal Oswal Financial Services)

(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.


#Stock #Tips #stocks #great #earnings #opinion #market #experts #Nifty

About the author

admin

Leave a Comment