Stocks to buy: Last week, Nifty 50, the benchmark index of the Indian stock market, extended its gains into the fifth consecutive week, gaining 1.3 per cent and forming a long bullish candle. However, the index slipped in the morning session on Monday, July 8, as valuation concerns prevails amid the absence of fresh triggers.
Investors are now keenly awaiting the Union Budget and the Q1FY25 earnings of India Inc., which will set the tone of the market. Experts hope the market still has some steam left, but it may see some selloff if the index slips to levels near 24,100.
“Weekly candles persistently staying above two standard deviations suggest that upsides have more room. Towards this end, we are willing to look beyond 24,400- 24,500, which we saw as a potential top last week, to 24,720-24,800 as the near-term objectives,” said Anand James, Chief Market Strategist, Geojit Financial Services. "The downside marker is placed near 24250, not very far, but we will wait for slippage past 24,130 to abandon the upside view," said James.
Experts suggest betting on stocks that have solid fundamentals and sound technical indicators. Based on the recommendations of several experts, here are 10 stocks that can rise 6-21 per cent in the next 3-4 weeks. Take a look: Also Read: Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying SBI, and Aditya Birla Fashion today Jigar S.
Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers HDFC Life .
