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Stock Market Timing: Sensex, Nifty make a break out; Top five shares to buy at current levels
Stock Market Timing: At a time when Sensex, Nifty has made a breakout, smart investors can pick the given five stocks for their portfolios.
Stock Market Timing: In India, the stock market opens at 9:15 AM and closes at 3:30 PM. For, more information to the stock market enthusiasts, there is a pre-opening session that begins at 9:00 AM. This 15 minute period gives an indication of the market behaviour in the opening bell session. However, in this entire period, some people end up losing their money. Others go home sulking, believing that they could have made profit had they taken their positions on time. So, stock market timings are quite important for an investor who wants to make money quick. Of course, risk abounds in such a method and timing the market is what experts generally do and the retail investor should ideally not indulge in it.
Having said that, one needs to take his or her call at the right time to maximise profits on investment. According to the stock market experts, small investors panic after a market crash and start selling, though a smart investor sees a buying opportunity during stock market dips. Similarly, several investors turn into 'bull' when the market is on the higher side. So, decision-making capacity and right decision at the right time is key for a smart stock market investor because he knows the value of timings or break out at Sensex, Nifty and other indices.
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Speaking on the stock market timings and its importance while taking any position in the share market Prakash Pandey, MD & CEO at Plutus said, "The Indian stock market has made a break out and Nifty at lower level is at 4-5 per cent risk while on higher side it is showcasing 40 per cent to 80 per cent upside momentum. This time, a smart investor can take the position for portfolio stocks and it can give them smart returns in mid-term perspective, means in around three-month time frame."
Asked about the top five portfolio stocks for the mid-term Pandey listed out the following 5 top portfolio stocks: ICICI Bank, DCB Bank, Sun Pharma, HCL Technologies and Godrej Properties.
1] ICICI Bank: Expecting around 14 per cent return in the banking counter, Prakash Pandey said that the ICICI Bank share price has gone down drastically in last few months, especially after the union budget and hence the counter is expected to regain the lost ground after the budget surcharge waiver. He said that the counter is expected to show Rs 465 per stock levels in three months' time. Currently, the ICICI Bank share price is at around Rs 405. SEBI registered technical equity analyst Simi Bhaumik also nodded with bullish prediction in regard to the ICICI share price.
2] DCB Bank: Pandey said that the DCB Bank share price is expected to soar up to Rs 240 per stock levels in three months as the FIIs may pump their money into the banking counter replacing their loved stock Yes Bank. Currently, the DCB Bank stock is trading at 202 per stock levels. So, one can expect around 18 per cent returns in three months if they decide to invest in this banking stock.
3] Sun Pharma: Sun Pharma share price has appreciated in the recent trading sessions and the counter remained firm even when the market was on downside trend. Pandey says the counter has an upside momentum for Rs 495 targets. Currently, the Sun Pharma share price is oscillating around Rs 438 per stock levels. Simi Bhaumik also expected a bullish trend in the counter as healthcare stocks remained steady even when the stock market was crashing.
4] HCL Technologies: The HCL Technologies share price has strong upside momentum - its exponential moving average in short-term and mid-term is quite strong. Pandey said that one can take a buy position in the IT counter for a three-month target of Rs 1,260 per stock levels. Currently, the stock market is trading at around Rs 1,095 per stock levels means one an expect around 15 per cent return in this stock in three months time.
Technical equity analyst Simi Bhaumik while talking about the IT counters a few days before also expects a bull run in this IT counter. Hence, the counter looks promising from both a technical and fundamental perspective.
5] Godrej Properties: Godrej Properties stock, says Pandey, is expected to show Rs 1,250-level in three months as FDI norms relaxation would help the realty counter to cash-in the advantage in coming times. currently, the Godrej Properties share price is oscillating around Rs 900 per stock levels. Means a stock market investor can expect around 28 per cent returns in three month time in the real estate counter we are talking about.
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