Last week, the market was caught in a bear trap due to profit booking and selling pressure amid the intensified Ukraine crisis, FII outflow and higher oil prices. Experts say that if the Nifty 50 breaches 17,600 to 17,700 levels, it may move beyond 17,800-to 17,900 levels.
On Monday, Indian indices witnessed a negative start, continuing the trend. HDFC Bank and Infosys dragged, whereas metal shares sent some support. Experts from various brokerages have recommended the following shares for a period of 3 to 4 weeks:
Oil & Natural Gas Corporation Limited
- Target: ₹ 198
- Stop Loss: ₹ 161
- Entry Price: ₹ 174 – ₹ 172
- CMP: ₹ 176.60
- Upside: 12.12%
- Recommendation: Buy
Recommended by: 5paisa.com
Max Financial Services Limited
- Target: ₹ 860
- Stop Loss: ₹ 755
- CMP: ₹ 766.10
- Upside: 12.25%
- Recommendation: Buy
Recommended by: Kotak Securities
Indraprastha Gas Limited
- Target: ₹ 421
- Stop Loss: ₹ 375
- CMP: ₹ 393.35
- Upside: 6.56%
- Recommendation: Buy
Recommended by: Kotak Securities
Shipping Corporation of India Limited
- Target: ₹ 150
- Stop Loss: ₹ 127
- CMP: ₹ 133.10
- Upside: 12.69%
- Recommendation: Buy
Recommended by: HDFC Securities
IIFL Finance Limited
- Target: ₹ 440
- Stop Loss: ₹ 330
- CMP: ₹ 371.45
- Upside: 18.46%
- Recommendation: Buy
Recommended by: GEPL Capital
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