India Markets

Nifty to test 12,000 by May end, touch 13,400 by year end, short-term picks

The sprint maybe over but the marathon is here till the end of the year and 13,400 on the Nifty and midcap outperformance is very much on the cards. It will continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.

The growth will be mainly driven by the banking and financial industry, Jaymin Shah expects the bank and financial segment to report very strong numbers in FY20.

Mid-cap and small-cap stocks are likely to lead a rally that may see Nifty touching 12,350 points by June as the probability of Prime Minister Narendra Modi coming back to power gains ground.

What are your top four technical short-term bets?

Buy Motherson Sumi Systems at Rs 114-116 | CMP: Rs 117 | Stop loss: Rs 102 | Target: Rs 145-160 | Upside: 25-30 percent

Buy Bharat Electronics Limited at Rs 87-89 | CMP: Rs 91 | Stop loss: Rs 80 | Target: Rs 120-135 | Upside: 30-35 percent

Buy Oil India Limited at Rs 173-175 | CMP: Rs 177 | Stop loss: Rs 160 | Target: Rs 210-225 | Upside: 20-25 percent

Buy L&T Finance Holdings at Rs 115 | CMP: Rs 117 | Stop loss: Rs 100 | Target: Rs 140-155 | Upside: 20-25 percent

Disclaimer: The views and investment tips expressed by investment expert on NewsEnquire are his own and not that of the website or its management. NewsEnquire.com advises users to check with certified experts before taking any investment decisions.

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