According to reports from LiveMint, Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi, has recommended three short-term stock picks for investors looking to invest under ₹100. The recommended stocks are IRB Infrastructure Developers (buy near ₹20.50, target ₹22.50, stop loss ₹19.50), Rattanindia Enterprises (buy near ₹36, target ₹39, stop loss ₹34.50), and NHPC (buy around ₹73.50, target ₹77.50, stop loss ₹71.50).
As reported by LiveMint, the Indian benchmark indices staged a powerful recovery on Friday, with the Nifty surging 2% to settle at 23,622.90 and the Sensex climbing 2.3% to close at 75,527.94. Both indices registered their highest closing levels since April 8, with the Sensex advancing 1.7% for the week and the Nifty posting gains of 1.1%. The sharp rebound came after reports of a ceasefire between the US and Iran, which eased concerns about a broader conflict in the West Asia region and triggered a relief rally across global equities.
According to LiveMint, Kothari noted that the market displayed resilience despite uncertainty, with domestic investors actively buying on declines. The index broke above a short-term trendline resistance near 23,450, confirming a double bottom formation around the 23,000 zone. For the Nifty, key levels to watch include 23,800–24,100 as resistance and 23,300–23,000 as support. Bank Nifty demonstrated strong relative strength, rallying more than 4% during the week from near 53,000 to almost 57,000, with the index approaching a critical hurdle near 57,500.
As reported by LiveMint, Bank Nifty outperformed the broader market with a sharp rally of more than 4% during the week, moving from levels near 53,000 to almost 57,000. Kothari highlighted that the strong move reinforces positive structure and highlights leadership from the banking space. The index is now approaching a critical hurdle near 57,500, with a breakout above this level potentially paving way for further upside, while 54,000 remains a crucial support level.
