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Hot Stocks | Thermax, VRL Logistics, VIP Industries can give double-digit return in short term. Here#39;s why

Hot Stocks | Thermax, VRL Logistics, VIP Industries can give double-digit return in short term. Here#39;s why
January 12
08:28 2022

Bank Nifty is outperforming where 38,300-38,500 is an immediate resistance zone. Above this, the rally can be expected towards 39,500-40,000 levels

Santosh Meena

January 12, 2022 / 07:24 AM IST

Hot Stocks

Hot Stocks

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//$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); 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Santosh Meena, Head of Research, Swastika Investmart

Nifty managed to stay above the psychological level of 18,000 on January 11, however, 18,100-18,200 are immediate resistance levels. Above this, we can expect a swift move towards a new all-time high.

On the downside, 17,800 is immediate support, while 17,640-17,500 are major support levels.

Bank Nifty is outperforming where 38,300-38,500 is an immediate resistance zone. Above this, we can expect a rally towards 39,500-40,000 levels. On the downside, for Bank Nifty, 38,000-37,750 is an immediate demand zone while 37,300-37,000 is the next support zone.

Here are three buy calls for next 2-3 weeks:

Thermax: Buy | LTP: Rs 1,963 | Stop-Loss: Rs 1,875 | Target: Rs 2,200 | Return: 12 percent

The counter got strong bullish momentum after breaking out the multi-month hurdle of Rs 1,575 and now it retested this level during consolidation and resuming its bullish momentum.

It is breaking out two months of consolidation with positive bias in momentum indicators. On the downside, Rs 1,900-1,850 is an immediate demand zone while 20-DMA (daily moving average) of Rs 1,780 is the next support level.

Image51112022

VRL Logistics: Buy | LTP: Rs 494.95 | Stop-Loss: Rs 460 | Target: Rs 575 | Return: 16 percent

The counter is witnessing bullish flag formation to resume its uptrend. It is trading above its all-important moving averages with positive bias in MACD (moving average convergence divergence) and ADX (average directional index) where RSI (relative strength index) is also witnessing a breakout of 60 mark with a bullish formation.

On the upside, Rs 540-575 are immediate target levels while on the downside, Rs 475-460 is a strong demand zone.

Image61112022

VIP Industries: Buy | LTP: Rs 584.25 | Stop-Loss: Rs 550 | Target: Rs 660 | Return: 13 percent

The counter has created a strong base at 100-DMA (daily moving average) and then witnessed a breakout of symmetrical triangle formation with a surge in volume.

It is trading above all its important moving averages, whereas RSI has also moved above the 60 mark. MACD and ADX are also trading with a positive bias to support the current strength.

Image71112022

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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