Top stocks to buy for short term: Experts suggest Aditya Infotech, Thyrocare, MIDHANI and 3 others - Check target price
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 ended 0.60% higher at 22,555.75 on Monday, 5 October.
- ✓Experts suggest buying stocks like Azad Engineering and Kirloskar Oil Engines for the short term.
- ✓Vishnu Kant Upadhyay said, "The near-term view remains sell on rise." Investors hope for recovery, though the broader technical structure still looks weak.
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- BUSINESS
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- Livemint
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- 5 Minute(s)
- Market Focus
- India Economy
Top stocks to buy for the short term: The Nifty 50 ended 0.60% higher at 22,555.75, snapping its four-session losing streak, on Monday, 5 October, amid a decline in crude oil prices and positive global cues as investors dialled back expectations of aggressive monetary tightening by the US Federal Reserve after softer-than-expected US jobs data.
After testing the crucial long-term support around 22,400, the index witnessed some recovery. However, experts believe that despite the bounce, the broader technical structure remains weak, with the index trading well below its key moving averages and continuing to form lower highs and lower lows.
"The near-term view remains sell on rise, with any recovery towards 22,800 likely to attract selling pressure. On the downside, 22,400-22,300 may provide buying support," said Vishnu Kant Upadhyay, AVP- Research, Master Capital Services.
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