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HomeMoneyInvesting in these two stocks will earn a lot next week

Investing in these two stocks will earn a lot next week

Highlights

  • The poor performance of Bank Nifty is affecting the entire market. It has worked to weaken the sentiment.
  • Investors are worried that this year will end with a fall. So they are very confused about new investment.
  • The IT sector is expected to perform well. The strength of large cap stocks also seems to be returning.

New Delhi
The turmoil in the stock market for the past few weeks has scared investors. Investors who were bullish on the market till last month are now fearing the loss of money. However, it is natural for the market to fall after a rally. This helps the market find its true level. If Kunalbothra dot is to be believed by Kunal Bothra of dot in, then the market is going into defensive mode.

This week has been volatile for the market. Talking about the net return of Nifty, it was almost flat. Nifty made its low at around 16,400 points. Its high was 17,150-17,155 points. Investors are worried that this year will end with a fall. So they are very confused about new investment.

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Bothra says that the poor performance of Bank Nifty is affecting the entire market. It has worked to weaken the sentiment. In such a situation, investors will have to focus on a particular sector. The IT sector is expected to perform well. The strength of large cap stocks also seems to be returning. There are also good signs from pharma and FMCG.

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It is not easy to identify stocks for investment in the current market environment. However, Bothra says that even in the defensive market, one or two stocks are expected to perform well. He expressed hope of good performance of Balkrishna Industries. The reason for this is that this stock looks very attractive. It is showing continuous uptrend from its 200 day moving average. Bothra said that the stock is expected to perform well in the coming week. It can be bought with a target price of 2,300. The stop loss has to be kept at Rs 2,150.

Another stock on which Bothra has made good predictions is TCS. He said that IT stocks are showing good growth. Hence investing in TCS can give good returns. The stock has formed a Bullish Flag pattern on the Daily chart. It can be bought with a target of Rs 3.850. There will be a stop loss of Rs 3,600.

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