DiscoverMoneycontrol Podcast2986: Hot Stocks | IGL, M&M Fin Services, Tata Consumer can give up to 17% return in short-term
2986: Hot Stocks | IGL, M&M Fin Services, Tata Consumer can give up to 17% return in short-term

2986: Hot Stocks | IGL, M&M Fin Services, Tata Consumer can give up to 17% return in short-term

Update: 2020-10-23
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Nifty has failed 3 times in the last 10 trading sessions to cross the resistance of 12,050, witnessing correction from higher levels.


The sector rotations continue to gain strength in the narrow range with IT, Pharma and Auto witnessing profit-booking while Banking, Real Estate and Metals have gained strength.


Select mid-caps and small-caps have started to outperform after the quarterly results, keeping the broader markets in positive momentum.


Nifty is up by 10 percent from the last expiry while Bank Nifty is up by 20 percent with clear outperformance in the private banking sector and financial services.


A clear breakout above 12,050 will give a sharp up-move as we are in the derivatives expiry week.


The second-quarter result season and rollover movement will increase volatility in individual sectors and stocks.


India VIX is on the verge of a breakout above 24 levels which will spike volatility.
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2986: Hot Stocks | IGL, M&M Fin Services, Tata Consumer can give up to 17% return in short-term

2986: Hot Stocks | IGL, M&M Fin Services, Tata Consumer can give up to 17% return in short-term

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