Indian market witnessed a Manic Monday as the S&P BSE Sensex plunged by over 900 points while the Nifty50 failed to hold on to 17000 levels.

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Sectorally, selling pressure was visible in IT, telecom, energy, and healthcare stocks. On the broader markets front, the S&P BSE Mid-cap and the S&P BSE Small-cap index fell 1.3 per cent each.

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Stocks that were in focus include Vodafone Idea that closed with gains of over 4 per cent, JBM Auto closed with gains of over 11 per cent and Poonawala Fincorp closed with gains of 5 per cent.

Here's what Jatin Gohil, Technical Analyst at Reliance Securities, recommends investors should do with these stocks when the market resumes trading today:

Vodafone Idea: Buy and hold | Target: Rs40

The stock has the potential to move towards Rs20 initially and Rs25 subsequently in the medium-term (3-6 months). In the long-term (9-15 months), the prevailing rising trend could lead the stock towards the Rs35-40 zone.

In the current month, the stock managed to surpass its medium-term hurdle zone (Rs12.50-14) convincingly and rose to a fresh 2 year high of Rs15.85.

So far, the stock has reported a rise of a whopping 560% from its lifetime-low of Rs2.40 (intraday high-low basis). Major technical indicators reversed from the oversold zone on the long-term timeframe chart and are positively poised.

Poonawal FinCorp: Buy on dips | Target: Rs250

On 6th Dec’21, continuing its prior daily rising trend, the stock recorded a new high of Rs216. The stock hit the upper circuit outperforming its sectoral as well as benchmark indices.

The key technical indicators are in buy mode on medium-term timeframe charts.

We believe the stock keeps exploring uncharted territory and could move towards Rs250 in the medium-term (3-6 months). Fresh long positions can be initiated on dips for better risk rewards.

JBM Auto: Buy on dips | Target: Rs1,495

On 3rd Dec’21, the stock witnessed a breakout from a bullish continuation pattern. The stock explored uncharted territory and recorded a new high of Rs1,190 subsequently.

The key moving averages are sloping upwards on the short-term timeframe chart. Major technical indicators are in favour of the bulls.

The stock has the potential to move towards Rs1,245-1,450-1,495 in the short-term (1-3 months). A fresh long position can be initiated on dips for better risk rewards.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)