From mint · Nishant Kumar · · 1m 10s
Short-term stock picks by Jigar Patel
Jigar Patel recommends three stocks for short-term gains with target prices and stop losses.
In brief
Jigar Patel recommends three stocks for short-term gains with target prices and stop losses. Jigar S. Patel suggests buying Omnitech Engineering, IT BEES, and Laxmi Organic Industries with specific target prices and stop losses for short-term trading. Originally reported by mint.
Short-term stock picks
Jigar S. Patel identifies promising short-term investments: Omnitech Engineering, IT BEES, and Laxmi Organic Industries.
Market context
The Indian stock market remained negative for eight consecutive weeks ending 1 October, the longest streak in 25 years.
Technical analysis
Patel notes Nifty’s daily RSI at multi-month lows, indicating deep overselling and potential short-term stabilization.
Key support levels
22,200 is the critical make-or-break level for Nifty, with 21,900 as the next support.
Omnitech Engineering
Buy in range ₹ 590, 610 | Target ₹ 700 | Stop loss ₹ 550.
IT BEES
Buy in range ₹ 29.50, 31.50 | Target ₹ 39.13 | Stop loss ₹ 27.
Laxmi Organic Industries
Buy in range ₹ 178, 182 | Target ₹ 201 | Stop loss ₹ 170.
Technical targets
Sustained price above key support zones would maintain positive technical structures for all three stocks.
What matters most
Jigar S. Patel suggests buying Omnitech Engineering, IT BEES, and Laxmi Organic Industries with specific target prices and stop losses for short-term trading.
