Mid-cap Picks With Anil Singhvi: Zee Business Managing Editor Anil Singhvi has revealed the best strategy for the current volatile market situation. He favours a stock-specific trade strategy till the time NSE Nifty and Bank Nifty are short of 11,150 and 21,200 levels respectively. In this regard, the Market Guru asked his expert panel member Jay Thakkar to share their top stock picks of the day and the analyst replied with Abbott India, PI Industries and Alembic Pharma, saying that these are great shares to buy for great returns.
Speaking on the Abbott India shares, Jay Thakkar told Anil Singhvi, “Abott India share price has made a consolidation breakout having strong support at Rs 15,200 per stock level. I recommend stock market investors to buy Abbott India shares at current Rs 16,150 levels for the target of Rs 20,000 in three to six month time-horizon. However, one must maintain the stop-loss at Rs 14,800 while taking a position in the counter.”
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Sharing his positional call for investors, Thakkar told Anil Singhvi, “My positional pick of the day is PI Industries. Its share price has made a breakout on daily and weekly charts and one can buy this counter at Rs 1900 for targets of Rs 2300 and Rs 2450 in mid-term perspective maintaining the stop-loss at Rs 1750.”
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Sharing his short-term pick in the mid-cap segment, Jay Thakkar said, “My short-term pick of the day is Alembic Pharma. Its share price has recently bottomed out and is showcasing positive divergence on the daily chart. I recommend investors to buy Alembic Pharma shares at Rs 935 for targets Rs 986 and Rs 1000 maintaining the stop-loss at Rs 899.”