Hot Stocks : IDBI Bank, Aegis Logistics, Bank of India may deliver 10-15% return in short term

Hot Stocks

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Hot Stocks : Over the short term, the Nifty 50 may trend towards 22,650. Support is positioned at 22,350 on the lower end.

The Nifty remained volatile throughout the day after an initial weak start attributed to negative global cues on April 3. Despite this, the overall sentiment remained robust as the index sustained itself above the key moving averages. The relative strength index (RSI) indicates bullish momentum for the short term. Hot Stocks

Over the short term, the index may trend towards 22,650. Support is seen at 22,350 on the lower end. Hot Stocks

The Bank Nifty index experienced buying pressure from lower levels and managed to sustain above the support zone of 47,500-47,400. However, it faces immediate resistance at 48,000, and a decisive breakthrough could trigger further short-covering rallies towards the 49,000 mark. Hot Stocks

It’s likely to consolidate within the range of 47,400-48,000, leading up to the RBI policy announcement, with potential trending moves expected thereafter. Hot Stocks

Bank of India: Buy | LTP: Rs 145 | Stop-Loss: Rs 134 | Target: Rs 160 | Return: 10 percent

The stock is poised for a breakout from a prolonged consolidation phase on the daily technical chart. This potential breakout is supported by a positive crossover on the momentum indicator RSI, affirming bullish momentum. Hot Stocks

A lower-end support level for the stock is established at Rs 134, serving as a cushion for bullish sentiment. The anticipated upside potential target for the stock is Rs 160. Hot Stocks

The Nifty remained volatile throughout the day after an initial weak start attributed to negative global cues on April 3. Despite this, the overall sentiment remained robust as the index sustained itself above the key moving averages. The relative strength index (RSI) indicates bullish momentum for the short term. Hot Stocks

Over the short term, the index may trend towards 22,650. Support is seen at 22,350 on the lower end. Hot Stocks

The Bank Nifty index experienced buying pressure from lower levels and managed to sustain above the support zone of 47,500-47,400. However, it faces immediate resistance at 48,000, and a decisive breakthrough could trigger further short-covering rallies towards the 49,000 mark. Hot Stocks

It’s likely to consolidate within the range of 47,400-48,000, leading up to the RBI policy announcement, with potential trending moves expected thereafter. Hot Stocks

Bank of India: Buy | LTP: Rs 145 | Stop-Loss: Rs 134 | Target: Rs 160 | Return: 10 percent

The stock is poised for a breakout from a prolonged consolidation phase on the daily technical chart. This potential breakout is supported by a positive crossover on the momentum indicator RSI, affirming bullish momentum.

A lower-end support level for the stock is established at Rs 134, serving as a cushion for bullish sentiment. The anticipated upside potential target for the stock is Rs 160. Hot Stocks

Aegis Logistics: Buy | LTP: Rs 433 | Stop-Loss: Rs 405 | Target: Rs 460/500 | Return: 15 percent


The stock recently experienced a robust breakout on the daily chart, and this week it continues to demonstrate strength, particularly on lower time frames. Bolstering this bullish sentiment, the stock has surpassed its 20-day moving average (20DMA) with notable volumes, signaling strong buying activity.

With lower-end support established at Rs 410-405, any declines toward this level present buying opportunities. The upside targets for the stock are set at Rs 460/500, reflecting the optimistic outlook fueled by recent bullish developments. Hot Stocks

IDBI Bank: Buy | LTP: Rs 88 | Stop-Loss: Rs 82 | Target: Rs 93/100 | Return: 14 percent

The stock recently broke out from a descending trendline, accompanied by a significant surge in trading volumes, indicating heightened investor interest. Furthermore, the momentum indicator, RSI, displayed a robust reversal from oversold levels, corroborating the bullish momentum. Hot Stocks

Additionally, the stock surpassed its 20-day moving average (20DMA) with substantial volume support, further affirming its bullish stance. These collective signals suggest a strong underlying strength in the stock, potentially paving the way for further upward movement in the near term. Hot Stocks

The article you’re referencing suggests that IDBI Bank, Aegis Logistics, and Bank of India may deliver 10-15% returns in the short term. Here’s what to consider:

  • Potential for short-term gains: The analysis suggests these stocks might experience a price increase in the near future based on technical indicators.
  • Short-term trading is inherently risky: Stock prices can fluctuate significantly, and you may not achieve the anticipated gains.
  • Do your own research: This information is for informational purposes only and shouldn’t be considered financial advice. It’s important to research these companies and understand their financials, market position, and any potential risks before investing. Hot Stocks

Here are some resources to help you research these stocks further:

  • IDBI Bank
  • Aegis Logistics: You can find information on Aegis Logistics through a general web search or financial websites.
  • Bank of India: You can find information on Bank of India through a general web search or financial websites.

Remember: Always consult with a financial professional before making any investment decisions. Hot Stocks

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Hot Stocks

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