[ad_1]
Gauging the mood of the markets and emerging trends, Zee Business Managing Editor Anil Singhvi has been recommending mid-cap stocks to the channel viewers. Over last several days, the experts on the panel have been suggesting mid cap stocks with a long, positional medium and short term views. Today, market expert Manas Jaiswal reveals his top picks in this segment.
Jaiswal’s picked Syngene International as his preferred stock with a long term view. The stock has already given a breakout almost 3-4 months ago – it broke away at levels of Rs 360. It continues to witness higher tops and higher bottoms, the analyst further said.
Watch Zee Business Tweet Video Below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए मार्कट एक्सपर्ट मानस जायसवाल के 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @themanasjaiswal pic.twitter.com/qgAxFP6Qmb
— Zee Business (@ZeeBusiness) July 1, 2020
The stock has been able to sustain at higher levels. Syngene International is currently trading around Rs 411 and the price is consolidating around these levels, Jaiswal said. He recommends a buy on the stock at the existing levels. He puts the stop loss at Rs 380 while the target price at Rs 470. He expects the stock to reach these levels in 3-4 months.
On the stock with positional view, the analyst recommended SBI Life as most of the insurance companies have been doing well in the last 3-4 weeks. The stock has broken its 200 day moving average and it appears that it is now ready for a big rally. He advise investors to put a stop loss at Rs 794 and a target of Rs 850. SBI Life is currently trading around Rs 805 stock.
See Zee Business Live TV Streaming Below:
Jaiswal picks Cyient with a short term view. The stock showed a big rally last week and picked up from Rs 220 to Rs 280, seeing some consolidation, later. The stock is now sustaining over a 100 day moving average. The stock has been trading with good volumes. The stock is likely to touch its 200-day moving average. For a very short term the stop loss will be at Rs 279 while the target will be Rs 310. The stock is currently trading around Rs 289.
[ad_2]
Source link
