Stocks to buy this week: Wipro, YES Bank, Laurus Labs among 12 technical picks; do you own any?

livemint.com:

BSE Midcap index lost almost a per cent while the BSE Smallcap index declined by about 0.2 per cent. However, on a monthly scale, Nifty 50 and Sensex are up almost 7 per cent in December so far. Experts remain positive about the market for the medium to long term but they expect some volatility in the short term due to the market's rich valuation.

"High valuations continue to be a short-term concern. However, the global market construct continues to be favourable with the US inflation, bond yields and the dollar index trending down," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. On Tuesday, December 26, the Nifty 50 rose over half a per cent during the session.

Around 12:40 pm, the index was 0.47 per cent up with 43 stocks in the green. The overall sentiment of the market remains positive but experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

Take a look: (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) On the weekly chart, Uno Minda breached the multiple resistance around ₹640 in the last week of November 2023 with a robust bullish candle, signalling the continuation of a medium-term uptrend. The stock underwent a retest of the breakout, rebounding and confirming the validity of the breakout.