Shares to buy: Raja Venkatraman’s top choice for September 18

Copyright © HT Digital Streams Limit all rights reserved. Raja Venkatraman, co-founder, Neotrader, recommends three shares for September 18. Summary market expert Raja Venkatraman shares his top three shares that buy today, September 18. Discover his exclusive choices and analysis to inform your investment strategy. Stock market education: Benchmark indices end higher on September 17, with the Nifty 50 regaining the 25,300 point. The BSE Sensex rose by 313.02 points, or 0.38%, to close at 82,693,71, while the Nifty scored 91.15 points, or 0.36%, at 25,330,25. Wider markets have also progressed, with the Midcap index higher by 0.08% and the smallcap index climbs 0.68%. Against this background, market expert Raja Venkatraman has released its best stock choices for investors who are looking for opportunities today, September 18. His analysis provides a clear roadmap to navigate the current market landscape with confidence. Three shares to trade, recommended by Neotrader’s Raja Venkatraman: Subros (Current Price Rs 967.35) – Buy above £ 970 and drop to £ 915, stop loss £ 898; Target price £ 1125-1150 Why it is recommended: After the trends have spent a lot of time on consolidation at the moment in this counter, the recent challenge has come now. With a strong push above the cloud, the prices indicate a possible upside down in the counter. After generating some support around 950 region, prices are gradually higher. After the exceeding this level, the increase in momentum supported by steady volumes emphasizes the possibility of more upward traction. IMPORTANT STATISTICS: P/E: 40.41, 52-week High: £ 1083.20, Volume: 214.44k. Technical Analysis: Support at £ 805, resistance to £ 1200. Risk factors: market volatility and sector -wide fluctuations in geopolitical news could affect returns. Buy: Above 970 and drop to £ 915. Target price: £ 1125-1150 in 1 month. Stop Loss: £ 898. Minda Corp (Current Price £ 531.75) – Buy above £ 532 and drop to £ 515, stop loss £ 500, target price £ 580-610 Why it is recommended: Minda Corp. Ltd, the flagship company of the Spark Minda group, is a large Indian manufacturer of auto parts for original equipment manufacturers (OME). The sharp decline since June after a moderate increase after its results find some strong support at TS & KS levels to break out of the cloud. With a little revival seen over the past two days, one can look at current levels and also on dips. IMPORTANT STATISTICS: P/E: 64.65, 52-week High: £ 623.40, Volume: 622.49k. Technical Analysis: Support at £ 460, resistance to £ 750. Risk factors: rising input costs, increased operating expenses and potentially currency consequences. Buy: over £ 532 and drop to £ 515 target price: £ 580-610 in 1 month. Stop loss: £ 500. JK Tire (Current Price 377.05) -Buy above 377 and drop to £ 367, stop £ 360 target £ 407-425 Why it is recommended: the JK band stock that has undergone a steady upward trajectory. The withdrawal in the TS & KS tires since the past 8 days has conceived a constant demand at lower levels. On the back of robust results, the strong on-movements seen in the prices indicate the possibility of more upward traction. Consider a long opportunity. IMPORTANT STATISTICS: P/E: 25.07, 52-week High: £ 437.05, Volume: 364.72k. Technical Analysis: Support at £ 340, resistance to £ 425. Risk factors: Volatility of raw material prices, intense competition, high debt levels and the execution risk associated with its capital outgrade plans. Buy: Above £ 377 and drop to £ 367. Target price: £ 1141-1165 in 1 month. Stop loss: £ 1020. The stock market Today, Indian shares expanded the profit for a second session, with the Sensex and Nifty closing higher. Nifty crossed the 25,300 mark for the first time since July 11, which crossed through positive clues from India-US trade discussions that urged the purchase in sectors. Attention now bears the policy decision of the US Federal Reserve, with markets largely expecting a 25-based rate reduction. Technically, an explanation of the symmetrical triangle pattern on the daily chart made the bottom top, bottom formation, which strengthened the bullish momentum, made negative. Despite the intraday resistance near 25.340–25.350, Nifty rose by 0.36%at 25,330. PSU banks led sector-wise with a boom of 2.61%, followed by defense, almost 2%. Metals and FMCG have decreased. Tata Consumer and Sbin had the Nifty 50 winters at the top of the top, while HDFC Life and Bajaj Finserv have deteriorated. Smallcaps performed better than the middle, with the respective profits of 0.68% and 0.08%. The pre-deckine ratio benefited bulls, reflecting the broad-based buying above heavyweight driven movements. Prospects for trading after some steady rise that continues after a little rest to the geopolitical tension, the market still shows that we can look at some clumsy moves to maintain. However, the rise seen this week indicates that after spending some time at lower levels, the Nifty can maintain the momentum. The revival seen this week has clearly confirmed that over the last few days the Nifty has succeeded in keeping and not giving up, as the general sentiment still benefits the buyers. As we can notice on the cards, the markets have moved a lot in line to challenge the resistance zone that was highlighted yesterday and moved higher. On the maps, we note that the supply area has been broken and the potential to move higher has now gained more power. If we take a few clues from the Opside data, we can add that the higher levels about 24500 that steady writers had now moved to 25250-25000, and it emphasized that if the sale treads, there are some OI to record the negative bias. The trend that emerges clearly indicates that the dips seen last week kept the support zone and that the down opening was covered to ensure that the prices developed over the past few days have traded. Therefore, one must detect the trends that are underway, as UP-Move must continue their passage above 25700 (Nifty Spot) to renew the bullish prejudice. Momentums on hourly cards indicate that prices after taking a breathing if the sales pressure has now dropped. With the gradual and reluctant rise emerging from lower levels, we can expect the increase to remain reluctant. Look at the complete image (Tradingview) while we are awaiting the outcome of the event, we now look at how the trends will unfold and how we should plan the way forward. If we look at the recent move in Nifty, a move is above 25200, which was the immediate resistance according to the open interest data in the near term more promise. If we see that an outbreak of 30 minutes Thursday may consider trading on either side, as the trends still remain tentative, where we expect a few resistors to turn in. We enter a phase where we can expect a volatile scenario to kick in. Raja Venkatraman is co-founder, Neotrader. His SEBI registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and Certification of Nisma does not guarantee the performance of the intermediary or ensuring returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. 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