Mid-Cap Picks With Anil Singhvi: Quess Corp, KEI Industries and Minda Corp are 3 stocks to buy today
Market expert Rajesh Palviya Head of Technical & Derivative Research at Axis Securities while talking to Zee Business Managing Editor Anil Singhvi on the special Mid-cap Picks show has recommended 3 stocks to buy today. The stocks that Palviya has picked for investors are Quess Corp, which is his Long Term-pick, KEI Industries as Positional Pick and Minda Corp as Short-term pick.
Currently, Nifty is trading above 12900 levels while Sensex is holding on to 44000 levels. Anil Singhvi highlights that 12750-12825 is the support zone on Nifty for the day while 12935-12965 is the higher zone for Nifty - above that 13050-13100 will act as a profit-booking zone.
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? मार्केट एनालिस्ट राजेश पालविया से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @rajeshpalviya pic.twitter.com/4vOHj7lFbR
— Zee Business (@ZeeBusiness) November 23, 2020
Stocks to Buy: Quess Corp (Long Term-pick)
Rajesh Palviya says that the stock has been trading in range of Rs 370 – Rs 440 for some time now. The stock did consolidate in this range for 15 to 20 days and last week it has broken out of this range. The stock is trading above all its moving averages. The stock should be bought in the range of Rs 465 to 475 with stop loss of Rs 450 and target of Rs 530 – Rs 540. There was a good volume action witnessed in this stock after being broken out of the range. Pattern formed in this stock clearly indicates that stock can easily achieve its target going forward.
Stocks to Buy: KEI Industries (Positional Pick)
Picking this stock, Rajesh Palviya says looking at the daily chart pattern, it seems KEI Industries is forming a rounding top pattern here. Stock is trading above all its moving averages at current market price. Stock setup is indicating that in past 3 days higher highs formation has happened and volume action has been extremely encouraging on the stock. KEI Industries stock has formed good base at around Rs 320 levels and looking at the daily chart and weekly chart pattern if investor buys at current levels in range of Rs 370 to Rs 380 with stop loss of Rs 355 and hold it from positional point of view, then one can see targets of Rs 430 – Rs 440.
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Stocks to Buy: Minda Corp (Short term pick)
The setup in Minda Corp stock is extremely interesting from short term point of view, says Rajesh Palviya. Stock has been consolidating in narrow range for past 5 days. It is trading above all its moving averages at current levels. Investors should buy Minda Corp stock in range of Rs 72 – Rs 76 with stop loss of Rs 65 and target of Rs 100. The stock is looking for a positive breakout in the short term.
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