Hot Stocks: Invest in Sanghvi Movers, Weizmann, and CDSL for a short-term 14–18% increase

 Hot Stocks: Invest in Sanghvi Movers, Weizmann, and CDSL for a short-term 14–18% increase

Should Nifty break over 19,200–19,225, short covering may ensue, which may push the index up to 19,330 or possibly 19,440.

Following a major fall, the Nifty50 has begun to show signs of recovery, with the 200-day exponential moving average (DEMA) serving as a crucial level of support. The 19,200–19,225 range contains the immediate resistance. Should the Nifty surpass this barrier, short-covering may ensue, pushing the index beyond 19,330 or maybe 19,440.

On the other hand, if there is negative pressure on the index, 18,840 is an important level of support to monitor. The Nifty might challenge the 200-day simple moving average (SMA) at 18,640 if this level is broken.

Conversely, Bank Nifty has also recovered, finding a long-term trendline to provide support. Resistance, nevertheless, is located around 43,200, which is the 200-day moving average, and 43,300. Moving beyond these points is essential if you want to reach the vital resistance range of 43,600–44,000.

Here are three short-term purchase calls:

Sanghvi Movers: Purchase | Stop-Loss: Rs 620 | Target: Rs 864 | LTP: Rs 731 | Return: 18%

On the daily chart, the counter has shown a breakout of both a triangle and a channel formation with significant volume. Around Rs 600, it established a base and began a fresh leg of the rally towards Rs 800+. Given that the counter is trading above all of its significant moving averages, its structure seems profitable for long-term investors.

The relative strength index (RSI) and moving average convergence divergence (MACD) indicators both support the stock's present momentum strength.

Positively, Rs 800 represents a significant psychological threshold; over it, a climb towards Rs 850+ is anticipated. When there is a correction, a group of moving averages around about Rs 435 represents a strong demand zone on the downside.

CDSL: Purchase | Stop-Loss: Rs. 1,350 | Target: Rs. 1,664 | LTP: Rs. 1,456 | Return: 14%

On the shorter time frame, Central Depository Services (CDSL) has seen a protracted consolidation channel breakout; on the longer time frame, with tremendous volume, there has been a breakout of Cup and Handle formation, which is structure-profitable.

Given that the counter is trading above all of its significant moving averages, its structure seems profitable.

The immediate resistance is around Rs 1,600 on the higher side; over it, a significant rise up to Rs 1,650+ is likely in the near future, while the demand zone for any reversal is at Rs 1,350 on the lower side.

The present strength is being supported by the MACD, while the momentum indicator, RSI, is also favorably situated.

Weizmann: Purchase | Stop-Loss: Rs 120 | Target: Rs 162 | LTP: Rs 137 | Return: 18%

It has formed a solid base at its 20 and 50-DMA (simple moving average), and is now bursting out in a symmetrical triangular configuration. The horizontal resistance line is now around Rs 150; a move over this is anticipated to take us back to Rs 160 levels.