Stocks to Buy on Monday – Analyst recommends HDFC Bank, Bhageria Industries, Ador Welding as intraday F&O, cash, positional picks

The week gone by was very momentous for the Indian stock markets as Sensex touched a new landmark of 60,000 on Friday while the Nifty50 ended 17,853.20 – its lifetime high levels. Over the week, the 30-share S&P BSE Sensex gained 1.75 pr cent while the broader market Nifty50 was up 1.5 per cent.

Market Analyst Sandeep Jain said that markets ending on record highs on the last trading day of the weak speak volumes about the current strength. He was bullish on the banking stocks and said that they are expected to see gains when the markets reopen on Monday.

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He was also in praise of IT, Realty, media and telecom stocks.

Stocks to Buy on Monday – HDFC Bank, Bhageria Industries, Ador Welding

He picks HDFC Bank as his intraday Futures & Options (F&O) stock for the Monday trade. While, it was trading near its life highs, it helped the index move along in the green, Jain said. It was recommended at levels around Rs 1601. He puts the price target at Rs 1630-Rs 1640 while the stop loss at Rs 1580.

He recommended Bhageria Industries Limited as his intraday cash market pick for Monday. This stock ended at Rs 253.55 on the NSE on Friday. He puts the target price at Rs 259 and Rs 265 while the stop loss at Rs 245.

This company is into manufacturing of dye and dye intermediates and also has business interests in pharmaceutical and solar sectors.

The Tradeswift Director also picked Ador Welding Limited as his positional term buy. Calling it an excellent company, Jain said that it has been previously recommended by him on Zee Business. The stock has been consolidating after seeing correction at top levels.

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The stock ended at Rs 681 on the NSE on Friday. He puts the target at RS 750 while the stop loss at Rs 650.

(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.)