From mint · Nishant Kumar · · 1m 10s
Kotak Neo picks short-term stocks
Kotak Neo expert targets IndiGo, Union Bank of India, Sona BLW for short-term gains.
In brief
Kotak Neo expert targets IndiGo, Union Bank of India, Sona BLW for short-term gains. Kotak Neo's expert recommends three stocks for short-term gains amid market volatility. Originally reported by mint.
Market volatility
The Indian stock market suffered significant losses on Wednesday after the RBI hiked the repo rate by 25 basis points and signalled more hikes were possible in the coming policy meetings.
Nifty decline
The Nifty declined 0.76% to end at 22,603, forming a bearish candle on the daily chart, suggesting the possibility of further weakness.
Kotak Neo expert
Amol Athawale, VP - Technical Research at Kotak Neo, identifies key resistance levels for day traders.
IndiGo stock pick
InterGlobe Aviation (IndiGo) targets ₹ 5,340 from ₹ 4,990 with a stop loss at ₹ 4,810 for the next 1-2 weeks.
Union Bank of India stock pick
Union Bank of India targets ₹ 185 from ₹ 173.15 with a stop loss at ₹ 167 for the next 1-2 weeks.
Sona BLW stock pick
Sona BLW Precision Forgings targets ₹ 880 from ₹ 810.50 with a stop loss at ₹ 782 for the next 1-2 weeks.
The one thing
Kotak Neo's expert recommends three stocks for short-term gains amid market volatility.
