Best Stock To Buy For Short Term – February 2021

Equity Market Update

Indian equity markets ended the last trading session of the week with gains after MPC kept key interest rates unchanged and maintained
the policy stance as ‘accommodative’ in its bi-monthly monetary policy meeting. Better than expected earning numbers reported by India’s biggest public sector bank also buoyed market sentiments.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.23% and 0.19% to close at 50,731.63 and 14,924.25 respectively.
The overall market breadth on BSE was weak with 1,289 scrips advancing and 1,688 scrips declining. A total of 151 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Realty was the major gainer, up 0.94% followed by S&P BSE Bankex, up 0.9% and S&P BSE Healthcare, up 0.81%. S&P BSE Telecom was the major loser, down 2.45% followed by S&P BSE Teck, down 1.3% and S&P BSE Auto, down 1.24%.

Financial Market & Economic Update.

The Monetary Policy Committee (MPC) in its monetary policy review kept key policy repo rate unchanged at 4.0% and decided to continue with the accommodative stance on the monetary policy. All the members of the MPC unanimously voted for keeping the policy repo rate unchanged and continuing with the accommodative stance on the monetary policy.
MPC decided to maintain status quo on the monetary policy in order to closely assess the evolving outlook for inflation and ensure that the domestic economy returns to a higher growth trajectory.

Some Recent Recommendation As Budget Pick

Link For Post :

Date Of Recommendation Scrip NameRecommended Price Current Date Last Traded Price ReturnsView
28/Jan/2021Hero Motocorp338508/Feb/202134953.2%We have already suggested our client to book profits and look for M&M and Bajaj Auto
28/Jan/2021Ashok Leyland11208/Feb/202113520.53%We are bullish and constantly increasing our targets. Our current view is to hold the position.
28/Jan/2021Exide Industries19708/Feb/20212147.94%Our view is positive from Auto Industry and as well as Insurance Sector. It is also in our short term investment basket
28/Jan/2021BHEL3608/Feb/202139.8510.69%It was recommended as a divestment candidate but we have suggested to book profits and if your are looking for long term it is good PSU candidate for investment.
28/Jan/2021Bajaj Finserv 900608/Feb/20211002111.27%No comment while writing this post this stock has touched four digit. Maintain positions for bigger profits.
28/Jan/2021HDFC Life67408/Feb/20216841.48%This went terribly wrong due to taxation in ULIPs so we are suggesting to book profits.
28/Jan/2021ICICIBANK52608/Feb/202162919.58%Book Partial Profits and maintains partial positions
28/Jan/2021DLF25908/Feb/202131320.85%We have already recommended this stock from Diwali @ 185-195 levels and it is sustaining above 300 levels after almost 10 years. We are bullish on real estate sector so maintain your positions.
28/Jan/2021Indiabulls Housing Finance19208/Feb/202121813.54%Book Profits
28/Jan/2021Tata Power7608/Feb/20219018.42%Bullish and maintain position for three digit targets
28/Jan/2021NIFTY 501381708/Feb/2021151159.39%
Source : Last Post

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Market Outlook – February 2021

Indian Equity markets are still in a Budget party mood after 6th consecutive gains post Budget market are liking the Government approach on divestments and growth oriented budget rather than focusing on fiscal deficit. The S&P 500 increased for a fifth straight day to a record
high as a weak jobs report spurred optimism for a big Covid-19 relief package. The U.S. added half as many jobs as expected last month and December figures were revised lower, a U.S. government report showed on Friday. European stocks were mixed Friday as the region continues to battle the ongoing COVID-19 pandemic despite delays in vaccine rollout.
Markets is sitting at all time high and valuations are supported by strong Q3 earnings of the companies.

Over this month, we don’t expect any major fall 2-3% corrections is must for a healthy market but overall trend is in bullish swing. We think it is a time for bears to take the back seat and relax for the coming month as well. Development in Uttarakhand, development in Delhi in farmers laws may divert the markets little bit but every dip will be opportunity to buy and accumulate. One thing to keep this in mind that from now on avoid cheap quality stocks since valuations are not that much comfortable.

And my advice to new investors, avoid searching and investing in the stocks whose fundamentals you don’t know, don’t try to become fund manager stick to the basics. Since many new investors get trapped into bad stocks by watching Youtube Videos. So mark my words don’t think that by watching videos you can do everything on your own, you might become a good trader but there are many things which you can gain only by experience and knowledge.

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best stock to buy for short term
Nifty 50 Chart

Best Stock To Buy For Short Term – February 2021

Date Of Recommendation Scrip NameRecommended Price Expected Target PriceExpected ReturnsView
09/Feb/2021M&M 928103011%Since Apr’20, MM has decided to exit five loss-making businesses as part of its decision to exit non-strategic, loss-making businesses.
MM is the best proxy of a rural recovery in the Auto segment, given its strong footing in Tractors and LCVs.
09/Feb/2021Larsen And Turbo155117009.6%While the normalization in capex has lagged other sectors, the outlook looks quite encouraging, with likely FY21E exit at a record high order book, robust Balance Sheet, improving government financials, and impetus on Infrastructure development as a tool to lift long-term economic growth in India
09/Feb/2021IDFCFIRSTBANK495410.20%Bank is focusing on targeting retail sector and launching market disrupting new products , improving CASA on QoQ basis.
09/Feb/2021ASIANPAINT241626349.02%Expectation of improve demand after the government announced investment in housing and infra projects. There is a high probability of demand extending this year on agri-reforms and recovery in rural markets post a good monsoon
09/Feb/2021HDFCLIFE6847357.4%Monthly premium data is strong and we are bullish in life insurance space
09/Feb/2021AXISBANK73685015.3%On the business front, retail disbursements have showed strong QoQ growth and surpassed pre-COVID levels.The bank has adopted conservative accounting policies and further strengthened the balance sheet by making additional provisions.
09/Feb/2021VARUN BEVERAGES8879507.1%VBL is diversifying its product portfolio. This should help reduce concentration risk and improve margin as realizations. Higher sweating of assets should further improve its operating profit.

We are not SEBI registered Investment Advisor , please take advice from your financial advisor before taking any positions.

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