Religare Broking analyst Ajit Mishra has identified Bharat Heavy Electricals (BHEL), Central Depository Services (CDSL), and Divi's Laboratories as short-term buy candidates, outlining specific target prices and stop-loss levels for a one-to-two-week horizon.
The recommendations arrive as the Nifty 50 benchmark climbed approximately 0.70% to trade near 24,250 in morning session on Friday, July 17, recovering from a flat close the previous day.
The bullish technical setup for these specific names persists despite intensifying geopolitical tensions between the US and Iran, which have kept oil prices elevated and introduced volatility into broader market sentiment.
Mishra’s strategy focuses on stocks showing relative strength and favorable technical configurations, suggesting that selective opportunities remain even in a risk-off environment.
This follows a wave of similar short-term trading calls from other Indian brokerages.
Kotak Securities analyst Amol Athawale recently highlighted NBCC and CDSL for short-term gains, while Bajaj Broking’s Pabitro Mukherjee pointed to a basket of large-cap stocks, including Reliance Industries, citing a broader bullish technical structure in the market.