Shares to buy in the short term: From Hal to SBI - Ajit Mishra or Religare Broking recommends these 3 shares

Shares to buy for the short term: The measure of the domestic market, Nifty 50, lost its eight-session on Wednesday, October 1, after the Reserve Bank of India (RBI) maintained a status quo on policy figures and attitudes and predicted a favorable prospect of the country to Q1FY27. The Sensex ended 716 points, or 0.89 percent, at 80,983,31 on the day, while the Nifty 50 rose at 24,836,30, 225 points, or 0.92 percent. The broader markets also participated in the recovery, as both Midcap and smallcap indices have gained more than a percent each. The Nifty Bank and Financial Services indices rose 1.30 percent and 1.38 percent respectively. “The rebound was fueled by the Monetary Policy Committee of the Reserve Bank of India, which kept the Repo rate unchanged at 5.5 percent, in line with expectation, while the confidence in the domestic economic prospects. said. Mishra underlines stability in the rupee against the US dollar and a decrease in India VIX further reflects the volatility in the short term, which encouraged the incremental risk. However, participants should avoid reading too much in a one day and waiting for stability of more than 24,900 to confirm a sustained recovery, Mishra said. Immediate support is now placed in the 24,600–24,700 zone. “For the next session, the focus will remain on course -sensitive sectors, especially banking, finance and car, while metals and energy can also offer selective buying opportunities. In the midst of everything, traders should avoid being carried away and keeping a stock -specific approach,” Mishra said. Mishra suggests that you buy the next three shares for the next one to two weeks as he sees a favorable technical setup for it. Stock election for the short -term Hindustan Aeronautics (Hal) | Last traded price (LTP): £ 4,803.40 | Buy | Target Price: £ 5.300 | Stop loss: £ 4,550 Mishra noted that Hal, after defending his long -term average during the corrective phase, dropped sharply and delivered significant profits. To consolidate this progress, the share trades in a close range just above its average in the short term, reflecting the healthy digestion of the recent momentum. It is now approaching an explanation of a declining trend line, which would be the completion of the corrective phase. The technical setup is further reinforced by rising volumes, convincing the improvement of the pricing structure. “The broader defense sector is also engaged in a synchronized revival, and as a sector leader is well positioned to benefit meaningfully,” Mishra said. “With an improved pricing structure and volume -confirmation, the stock initially looks in the direction of £ 5.150, followed by £ 5.300,” Mishra said. Hal Technical Card States Bank of India (SBI) | Ltp: £ 864.10 | Purchase | Target Price: £ 930 | Stop Loss: Taking the lead, and SBI appears as a clear better performance. The moving average ribbon, which is in line in a bullish order, which further ratifies the momentum. The total pricing structure indicates that the affirmative phase has ended, which paved the way for a sustained return. Fresh long positions can be started at defined levels, “said Mishra. SBI Technical Card Jindal Steel | Ltp: £ 1,065 | Buy | Target Price: £ 1,170 | Stop Loss: £ 1,010″ We observed consistent strength in the metal space, with Jindal stealing as one of the strong artists, ” notable relative strength against its peers and currently forms a base-on-base structure, which is often seen as a sign of sustained accumulation by market participants. ratifying. “With the improvement of volumes and a strong pricing structure, the share now seems well positioned for an outline, which is possibly the continuing upward trend,” says Mishra. Recommendations expressed are those of the expert, not currency.