Stocks to buy this week: L&T, Exide, Aurobindo Pharma, BHEL among 12 technical picks; do you own any?
₹26,689 crore in the cash market in September," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "The dollar index rising above 107 and the US 10-year bond yield at a 16-year high of 4.68 per cent are major headwinds for the market since FIIs are likely to continue selling in response to the rising dollar and US bond yields. But, on the positive side, the bulls will be emboldened to buy on the back of the tailwind of the 5 per cent crash in Brent crude prices.
Bullish DIIs and retail investors will lend support to the market. In the near term, these negative and positive factors can be expected to swing the market to and fro," said Vijayakumar. Also Read: The short-term market outlook hazy; how should retail investors play in this market? (Exciting news! Mint is now on WhatsApp Channels.
Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Also Read: After a volatile Indian stock market in September, what lies ahead? Know from expert Experts advise following a stock-specific approach in the market at the current juncture. Based on the recommendations of experts and brokerage firms, below are 12 stocks for the next three to four weeks as they look sound on technical parameters. Take a look: Lal Path Labs has moved sharply in the last few months and has formed a potential double-bottom pattern on the long-term charts.
The stock has witnessed a fresh breakout from inverse head and shoulder pattern on the weekly charts which is a reversal pattern in nature and can push the stock higher. "The stock has also witnessed a breakout from a descending trendline pattern on the weekly charts with incremental volumes. ADX is trading above 24 level on the
. Read more on livemint.com
