Amol Athawale, a technical analyst at Kotak Securities, has issued short-term buy recommendations for three Indian stocks, citing favorable technical indicators and supportive market conditions.
The picks include Mahindra & Mahindra, NBCC, and CDSL, with the analyst suggesting a holding period of one to two weeks based on current chart patterns and momentum signals.
50% from the previous close, reflecting cautious sentiment among traders despite the specific technical opportunities highlighted by the brokerage.
The recommendations come as the Indian market benchmark, the Nifty 50, opened lower on Thursday, dipping 0.40% to 23,905 before extending losses to an intraday low of 23,876.
The broader index fell 0.50% from the previous close, reflecting cautious sentiment among traders despite the specific technical opportunities highlighted by the brokerage.
Athawale’s analysis focuses on short-term trading windows rather than long-term fundamental shifts.
The selection of Mahindra & Mahindra, a major player in the automotive and defense sectors, alongside infrastructure firm NBCC and depository services provider CDSL, suggests a diversified approach to capturing near-term volatility.