Here’s a short-term stock-picking blog based on expert recommendations from Vinay Rajani of HDFC Securities:
Vinay Rajani of HDFC Securities: Top Short-Term Stock Picks
As Indian stock markets navigate volatility and sectoral shifts, technical analyst Vinay Rajani from HDFC Securities identifies key short-term opportunities for investors. Here’s what he’s recommending now:
1. Britannia Industries
Britannia stands out in the FMCG sector as a strong performer in the current market environment. Rajani highlights its robust chart structure and relative resilience amid broader index choppiness. The FMCG sector continues to be a bright spot and is expected to outperform in the near term.
2. Chambal Fertilisers
Chambal Fertilisers is another pick based on technical strength and short-term momentum. Rajani advises a disciplined approach, with strict stop-losses for all positions in this counter, given the ongoing sector rotation and market volatility.economictimes.indiatimes
3. Ujjivan Small Finance Bank
While broad indices flicker, Rajani is bullish on the finance sector and especially optimistic about Ujjivan Small Finance Bank for short-term gains. He notes an uptrend resumption after a correction; his suggested entry is around ₹50, with a stop-loss at ₹47.40 and a target of ₹53.50 (potential +7% in 1–2 weeks).economictimes
Nifty and Sectoral Views
-
Nifty Support & Resistance: Rajani sees near-term support for Nifty at 23,400 and expects it could reach up to 24,125 on continued buying and short covering.
-
Sector Focus: He recommends focusing on FMCG and NBFCs for the best performance, while also noticing strength in PSU banks and selected energy counters such as NTPC and JSW Energy.economictimes.indiatimes
Disclaimer: Markets are volatile. Use stop-losses and manage positions prudently. These are expert technical views and not direct investment advice.
Summary of Vinay Rajani’s Short-term Picks:
-
Britannia Industries
-
Chambal Fertilisers
-
Ujjivan Small Finance Bank
Watch these stocks as the Indian markets find their next direction, driven by sectoral trends and chart-based signals.
The Nifty 50 saw a climbed of 0.55%, trading at 25,938 . 25, while the BSE Sensex rose by 0.56% to 84,678.67 at 13:43 IST.
Analysts indicated that the combination of central bank actions, the Trump-Xi summit, and earnings reports from five of the Magnificent 7 companies makes this week the most significant in October.
Market Views - Vinay Rajani, Senior Technical and Derivative Analyst, HDFC Securities
Nifty 50
During last week, Nifty 50 registered a fresh 52-week high at 26,104 but witnessed some profit booking in the last two trading sessions. The index rose for the fourth consecutive week with a minor gain of 0.33%, closing at 25,795. Nifty 50 continued to maintain levels above all key moving averages, indicating the continuation of an uptrend across all time frames. However, the correction in the last two sessions resulted in a bearish “Shooting Star” candlestick pattern on the weekly chart. This pattern often signals a probable bearish trend reversal if the low of this candle is breached. Hence, any break below last week’s low of 25,718 could extend the correction.
