2 top stock recommendations from Dhawan Patel

“If we cross 22,700 on the HIGHER SHIP, the view may change from here on a short -term basis. But this is kept as a strong resistance, the point of view remains on the bearish side for now. Nifty here Nifty Here. Showing, but the motion still remains on the negative side on the bank, “says Dhawani Patel, founder of Finversfi.

At least in the Nifty, we are very range-bound. The support level of 22,800, we have broken it. Which front layers are you looking for? Also, the Nifty Bank is very flat today. It’s below its key level. There is also no action. So, is he now resting for a stronger move now?
Dhawani Patel: Talking about the index here, especially by starting with the Nifty first, definitely 22,800 was a mark that we all look at the high on the highway that should work as a support.

But a break is given for this, we are keeping an eye on the lower numbers here. 22,500 is the next level of support. These are stripped to the lower side, definitely 22,460 levels, which are broken down on the lower side, we will look over here on the Nifty and the next support level is 22,180. Therefore, 22,460 to 22,500 acts here support well.

Given this holding and we cross the 22,770 mark, we will meet 23,000 again on the high side. So, till now, looking at the short -term trend, the view on the Nifty is sold on selling.

Given that we cross 22,700 on the head of the high, the scene may change here on a short term. But this is caught as a strong resistance, the point of view remains on the bearish side for now. The Given Bank Nifty here is showing some defeating pace, but the pace is still on the negative side on the bank Nifty.

On the side of the side, we are looking at the bank Nifty, as a mark of resistance on the bank Nifty, and on the lower side we smashed the lower day’s low, which is at 48,300 mark, we will see more on the bank Nifty. As well.

On the lower side, we will be at the icon of the next support level 47,920 when we look for the bank Nifty. Therefore, on the high side, definitely, yes, resistance.

The index is trying to regain those resistance levels and moves from above, but the fitness above is not coming to the picture here and for that reason there is a sales in the review on the index.

We mean how to contact a market right now as many of these traders and investors are stuck. They use it as a chance to get out of the weak hands and some of the business or instead of finding some other opportunities if they get a good chance, they can move on, both questions, both markets and this and any other field. Can you have a good sell-energy candidate you want to flag?
Dhawani Patel: Here, looking at the markets on the broad spectrum, we are definitely looking at the bottom of certain stocks here. We are seeing good action on FMCG counters in today’s session and even in yesterday’s session, we saw some counters on the high side of the high.

And besides, we are also looking that some financial counters, especially Bajaj twins, are focusing from me from here. Looking at retailers, of course, the portfolio is being beaten here very underneath the fall in midcap and smallcap.

I suggest that if you are looking for an investment view, the strongest names here should look at the big caps here where we are looking at the bottom designs.

Shares are testing their support levels again. This is the time where you can put, park some of your money here.

Let us say that you are interested in investing in 100 here, 25 is that you should invest in the markets at this time in view of the fall here and then once we find the base here, then confirms the other 25, and then the Ward. The other 50 should be placed here in the markets.

Therefore, investing in a branch is what I recommend here from an investment point of view. From the point of view of the merchants, yes, it is a market to sell.

Look at the stocks where you are looking at the top designs, as the metals we are looking at, they have seen many of the surrounded by here. It is the areas where you should look at the opportunities to sell in this market.

What are your elections? Are they from this pocket?
Dhawani Patel: From my side, there are two elections coming here. The first one is at Colpal, Colgate-Pamolive. If you look at the daily composition here, the stock has found a bottom of a short -term basis here and from there we are seeing bounces coming. There is a purchase action that can be clearly seen in this particular counter, until 2700 is a goal and the need to maintain the bottom will be the stop loss 2430. And the second counter, of course, I mentioned the Bajaj twins. I couldn’t miss on it.

So, Bajaj Finance is where I think chartical structures are more promising here. At the current level purchased, 8660 is a target on a short period of time, because of the cross, we will look forward to this one and maintain a stop loss of 8310.