Zee Business Managing Editor Anil Singhvi says days support range for Nifty is 11725-11825 below that 11550-11650 is strong buy zone, while day’s higher range is 11975-12025 above that 12100-12175 is the profit booking zone. Today, BSE Sensex jumped 690 points trading at 41300 levels and NSE Nifty is up 200 points trading at 12110 levels. 

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Market expert Simi Bhowmick, while talking to Zee Business Managing Editor Anil Singhvi on the Special Mid-cap Picks show was as bullish as the wider markets and recommended IPCA Labs, Balaji Amines and Tata Elxsi as her long-term, positional and short-term picks.  

#SPLmidcapStocks I Which midcap stocks will make money in short term, position and long term? Get to know 3 powerful midcap picks from Market Analyst Simi Bhowmick 

Mid cap stock to buy – IPCA Laboratories (Long Term Pick) 

Charts of IPCA are extremely strong and positive. One can buy at current levels and also if there is any dip in the stock price. Since yesterday the stock has acquired a new momentum which seems to take the stock price up further from current levels. The stock should be purchased for 2-3 months with positional target of Rs 2550 – Rs 2650 and stop loss of Rs 2320.  

Mid cap stock to buy – Balaji Amines (Positional Pick) 

The stock should be purchased at current levels. The stock was trading in a range, however, today it has witnessed sharp up move and long-term chart looks extremely strong for this company. One should buy at the current market price of Rs 840 with target of Rs 875 to Rs 900 and stop loss below Rs 810. This target should be achieved within the time frame of 1 month. 

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Mid cap stock to buy – Tata Elxsi (Short Term pick) 

Like Tata Elxsi in Mid cap I.T. space, the stock has made a high of close to Rs 1700 when it was recommended earlier. Now, after some correction, the stock has been doing extremely well in past 2 sessions. Simi said she would suggest investors buying Tata Elxsi at current levels of Rs 1550 with target of Rs 1600 – Rs 1640 and Stop loss of Rs 1520. The time frame for target could be 5 to 8 trading sessions here hereon. Also, she added eventually stock could see levels of Rs 1700 – Rs 1750 going forward.