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SEBI Registration Number INH300003306

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Diwali picks for 2023-2024 -- November 12, 2023
Happy Deepawali to you all.
May the festivals of lights illuminate your life with happiness joy and good health..
Wish you all a very happy and prosperous year ahead.
Longer term picks:
1) Bikaji foods (515.80): Buy small quantity at current prices and accumulate at any dip till it sustains above 500-490 range...stop loss 474.. targets may be 545, 566, 585 or even 610 over 4-6 months..
▪  Industry: Consumer Food
▪  Market cap: 12872 cr.
▪  20 dema : 493
▪  50 dema : 484
▪  Return over last 1 year : 60%

2) Coal India (323.40): Buy small qtty at current prices and accumulate at any dip till it sustains above 305-295-range..stop loss 284.. targets may be 350-376, 397 or even 420 over 6-8 months..
▪  Industry: Mining & Minerals
▪  Market cap: 199333 cr
▪  20 dema :310
▪  50 dema :291
▪  100 dema :271
▪  Return over last 1 year : 27%
▪  Return over last 5 years: 19%


3) PFC (287.70 ): Buy small qtty at current prices and accumulate more at any dip till it sustains above 270-266-range..stop loss 250.. targets may be 298, 305, 313 or even 320-325 over 4-6 months..
▪  Industry: finance term lending
▪  Market cap: 94944 cr
▪  10 dema : 263
▪  20 dema: 256
▪  50 dema :253
▪  Return over last 1 year : 198%
▪  Return over last 5 years: 245%


4) NMDC (168.70): Buy small qtty at current prices and accumulate more at any dip till it sustains above 157-155-range..stop loss 144.... targets may be 182, 195, 200 or even 215 over 4-6 months..
▪  Industry: Mining & minerals
▪  Market cap: 49425Cr
▪  20 dema:157
▪  50 dema:148
▪  Return over last 1 year: 48%
▪  Return over last 5 years: 53%


Short term trades:

5) Chembond Chemicals (443.45): Buy only small qtty at current prices and accumulate more at any dip till it sustains above 420-410-range..stop loss 395.... targets may be 460, 475, 490 or even 515 over 2-3 months..
▪  Industry: Chemicals
▪  Market cap: 600cr.
▪  10 dema :411
▪  20 dema:395
▪  50 dema:387
▪  Return over last 1 year :97%
▪  Return over last 5 years: 111%


6) Mrpl (113.75): Buy small qtty at current prices and accumulate more at any dip till it sustains above 105-100-range..stop loss 92.... targets may be 124, 132, 140 or even 145-149 over 2-3 months..
▪  Industry: Refinery (oil& gas)
▪  Market cap: 19936 Cr.
▪  10 dema :109
▪  20 dema:105
▪  50 dema:98
▪  Return over last 1 year : 109%
▪  Return over last 5 years: 37%


7) Nelcast (175.65): Buy small qtty at current prices and accumulate more at any dip till it sustains abv 165-162-range..stop loss 157..targets may be 190, 200, 210 or even 217 over 2-3 months.
▪  Industry: Metals & Mining (casting and forging).
▪  Market cap: 1524 Cr.
▪  10 dema :168
▪  20 dema:163
▪  50 dema:151
▪  Return over last 1 year: 87%
▪  Return over last 5 years: 120%


(Data as of November 10, 2023)

Disclosure :
Myself and my family have invested in some of these stocks mentioned here.
Pls do your due diligence before investing. The above is for educational purposes only.


Happy Investing.

Regards

Simi Bhaumik


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Note: Please use these calls only if you feel comfortable. Otherwise avoid taking intraday positions, even if you do, use strict stop losses and cut the loss immediately if market shows any counter-directional swing.



Note:

Calls are based only on technical studies.

Stop-loss is an essential risk control mechanism; it should always be there.

Trading involves considerable risk. Trade at your own risk to the extent you are comfortable.

Please note that
Short term means: 2/ 3 days – 3weeks.
Medium term means: more than 3 weeks to 3 months.
Long term means more than 3 months to 1 year.



Trade well

Simi Bhaumik
Research Analyst
(Regn. No.# INH300003306)

 
Disclaimer

Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

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