From mint · Dhanya Nagasundaram · · 1m
Top 2 Stocks for Short-Term Trading
HDFC Securities recommends Sagility and Rain Industries for two-week trades with stop-loss targets.
In brief
HDFC Securities recommends Sagility and Rain Industries for two-week trades with stop-loss targets. HDFC Securities recommends buying Sagility at ₹45.60 with target ₹49.50 and stop-loss ₹43.50 for two to three weeks. Originally reported by mint.
Market Declines
Nifty 50 fell 0.44% to 22,622.70 while Sensex dropped 0.34% to 72,781.89.
Market Analysts' View
Analysts note Nifty faces resistance at 22,700, 22,800 with support near 22,300.
Sagility Trade Details
Buy Sagility at ₹45.60 with target ₹49.50 and stop-loss at ₹43.50 for two to three weeks.
Rain Industries Trade
Buy Rain Industries at ₹236 with target ₹255 and stop-loss at ₹223 for two to three weeks.
Technical Analysis
Sagility shows consolidation with volume expansion and positive RSI after Wednesday's bounce.
Rain Industries Pattern
Rain Industries breaks consolidation pattern with rising volume and positive RSI indicators.
Market Outlook
Nifty may break resistance above 22,800 to open short covering near 23,100, 23,200 levels.
The key point
HDFC Securities recommends buying Sagility at ₹45.60 with target ₹49.50 and stop-loss ₹43.50 for two to three weeks.
