The past week has been very turbulent for the domestic stock market. Both the Sensex and Nifty50 hit highs during the day before settling into the red on Friday. In a week, they increased by almost 1.25 percent. Nifty Bank also exceeded the 38,000 level for the first time, but witnessed top-level profits later that day. It closed at 37,811.95, up 143 points (0.4%) from the previous closing price on Thursday.
According to analyst Sandeep Jain, the market started with a positive move and ended with a downward move. The market is cautious, he said. He recommended three stocks on Monday – one each from the cash market, Future & Options (F & O), and in position term view.
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He recommended Cipla as a daytime pick from the F & O segment on Monday. This strain was recommended at 954 rupees. He set the target price at 965 rupees and the stop loss at 947 rupees.
Jain recommended Vardhman Textiles Limited as a daytime pick from the cash market segment. Friday’s NSE share closed at Rs 1917, up 2.6% from Thursday’s closing. The target price is 1950 rupees and the stop loss is 1890 rupees.
The 52-week high for this strain was Rs 2039.70, which Vardhman Textiles achieved on August 4, 2021, and the low for 52 weeks was Rs 720.05, which was a hit on September 24, 2020.
Tradeswift Director chose Poly Medicure Limited as his top buy in Position Term View. Jane called it a good stock and said it looked strong, both basically and technically.
The Polymedicure stock closed at Rs972.05 at NSE, up almost 1.6% from the previous closing price. He has a target price of 1020 rupees and a stop loss of 930 rupees.
Stocks to Buy on Monday – Cipla, Vardhman Textiles and Poly Medicure are position picks for daytime F & O, cash markets and these targets.
https://www.zeebiz.com/market-news/news-stocks-to-buy-on-monday-buy-cipla-vardhman-textiles-poly-medicure-as-intraday-fo-cash-market-positional-picks-165541 Stocks to Buy on Monday – Cipla, Vardhman Textiles and Poly Medicure are position picks for daytime F & O, cash markets and these targets.