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Mid-cap Picks With Anil Singhvi: In these coronavirus-hit times, investors jobs have become extremely difficult. It has become very tough, if not almost impossible, to properly research stocks with any kind of certainty due to corona pandemic uncertainty which has made markets extremely volatile. So, in these uncertain times, Zee Business Managing Editor Anil Singhvi has brought on board the expertise of the senior-most analysts and they have revealed their stock picks in the mid-cap space after a thorough study in the #SPLMidcapStocks show. Today, Singhvi asked Rajesh Palviya, DGM (Head Technical & Derivative Research) at Axis Securities about the three shares that an investor can buy and he named his picks —Polyplex Corp, NOCIL and Minda Industries.
On Anil Singhvi’s query on his long-term pick, Rajesh Palviya said, “My long-term pick in mid-kcap space is Polyplex Corp. Polyplex share price is trading above all moving averages and in next two to three months, it can showcase Rs 650 to Rs 675 per share mark. Currently, it is trading at Rs 580 per stock levels and I would advise investors to accumulate on dips and maintain the stop loss at Rs 525 levels.”
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Speaking on his positional call or short-term pick in mid-cap space, Palviya replied, “My positional pick or mid-term pick is NOCIL. NOCIL share price daily chart shows inverse head and shoulder frame that makes it poised for an upside movement in mid-term. I will advise investors to buy NOCIL shares for the target of Rs 115. Currently, it is trading at Rs 102 and I would advise investors to maintain the stop loss at Rs 97.”
Watch full coverage in video below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? जानिए मार्केट एक्सपर्ट राजेश पालविया की 3 शानदार मिडकैप पिक#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @rajeshpalviya pic.twitter.com/6bGNr2c5gf
— Zee Business (@ZeeBusiness) July 10, 2020
As far as short-term pick is concerned, Rajesh Palviya said, “My short-term pick in mid-cap segment is Minda Industries. Minda industries shares have shown consolidation in the last 8-10 weeks and has now made a triangular breakout that means it is positive in short-term perspective. I advise stock market investors to buy Minda Industries shares at current levels of Rs 312 per shares for the target of Rs 340 to Rs 345 per stocks. However, one must maintain the stop loss at Rs 300 per scrip.”
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