Top 6 Stock Picks for Short-Term Gains: Experts Recommend Axis Bank, Nykaa, and More
Stocks to buy for short term: From Axis Bank, Nykaa to Coal India— Experts suggest 6 stock picks for next 1-2 weeks
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Market experts suggest six stocks for short-term investment in India as the Nifty 50 index gains momentum. Key recommendations include Axis Bank, Nykaa, and Coal India, with expected target prices and stop-loss levels outlined for each stock. Investors are advised to exercise caution amid market volatility.
- 01Nifty 50 index gained over 1%, reaching 22,968, marking a nearly 3% rise over three sessions.
- 02Axis Bank is recommended with target prices of ₹1,343 and ₹1,365, supported by bullish signals.
- 03Nykaa shows a strong uptrend, with target prices set at ₹275 and ₹282.
- 04Coal India has broken out of a descending triangle pattern, with a target price of ₹500.
- 05Wipro and Trent are also recommended, with potential target prices of ₹220 and ₹4,100 respectively.
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The Indian equity benchmark Nifty 50 index has shown a positive trend, gaining over 1% and reaching 22,968 on April 6. Market experts recommend six stocks for short-term investment over the next 1-2 weeks, including Axis Bank, Nykaa, and Coal India. Vishnu Kant Upadhyay from Master Capital Services highlights Axis Bank, which is showing bullish reversal signs, with target prices of ₹1,343 and ₹1,365. Nykaa, with a previous close of ₹252.52, is expected to reach ₹275 and ₹282. CCL Products (India) is also recommended, maintaining a strong bullish structure, with target prices of ₹1,210 and ₹1,240. Aakash Shah from Choice Broking suggests Coal India, which recently broke out of a descending triangle pattern, targeting ₹500. Wipro and Trent are also on the radar, with expected targets of ₹220 and ₹4,100 respectively. Investors are urged to remain cautious due to potential market volatility, particularly with Brent crude prices above $110 per barrel.
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Investors may see potential short-term gains from these stock picks, but should remain cautious of market volatility, which could affect their investment decisions.
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