Stocks to Buy on Monday – BUY TCS, Gufic Biosciences, GIPCL - intraday F&O, cash market, positional stocks for BIG gains

Stocks to Buy on Monday – The action on mid cap and small cap stock returned with a vigour on Friday, the last trading day of this week, market analyst Sandeep Jain said. The buoyant mood of the stock markets was on the back of changes in the circuit filters of the stocks despite market movers like the Reliance Industries Limited (RIL) struggling during the day, he added.

He said that the expected big action over the week starting from Monday, when the markets reopen.

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He did not see much in the market correction on Friday saying that, small corrections do not account for much. Jain further said that the action will be in large cap stocks as well.

He gives his top pick for Monday.

Top Stocks to Buy on Monday – TCS – He picked Tata Consultancy Services shares as his intraday Futures & Options (F&O) pick for Monday. He said that this stock is looking strong on the charts and there are no issues on the fundamentals of the company. This stock ended at Rs 3309 on the NSE on Friday. He puts the stop loss at Rs 3270 while the target price at Rs 3350.   

Top Stocks to Buy on Monday – Gufic Biosciences – Jain picked Gufic Bioscience shares as his intraday cash market pick. He called it a “fantastic” stock which was previously recommended by him on Zee Business. This stock ended around Rs 187 on the NSE on Friday. He puts the target price at Rs 197-199 while the stop loss at Rs 182.

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— Zee Business (@ZeeBusiness) August 6, 2021

He has a 1-week view on this stock.