Jay Thakkar recommends three stocks for short-term buying

Jay Thakkar from ICICI Securities has shared stock recommendations for short-term trading in the futures and options (F&O) segment. He suggests buying Kotak Bank, Bajaj Finance, and Samvardhana Motherson April Futures. On the stock market front, the Nifty 50 and Sensex were slightly lower on Wednesday. The Nifty 50 decreased by 0.29% to 23,599.65, while the Sensex slipped 0.47% to 77,697.70. Investors paused for more information about upcoming US tariffs after a recent market surge. Over the past week, both indices gained 5.7% as foreign investments boosted sentiment. Technical analysts noted a rise in open interest for Nifty 50 futures and a slight increase in Bank Nifty 50 futures. As the monthly expiry approaches, there is notable support at the 23,300–23,200 Put strikes, with resistance at 23,700–23,800 Call strikes. Thakkar sees a positive overall trend for the Nifty 50, anticipating levels of 24,500 to 24,800 in the near future. As long as the index remains above the 23,000–22,700 support range, the trend is expected to stay bullish. Improved market conditions and reduced risks indicate a potential bounce-back. For those considering specific stocks, Thakkar recommends: - **Kotak Bank** April Futures, buying in the range of ₹2,160 to ₹2,140, with a stop loss at ₹2,070. Target prices are ₹2,250 and ₹2,320. - **Bajaj Finance** April Futures, buying in the range of ₹9,060 to ₹9,030, with a stop loss at ₹8,750. Target prices are ₹9,300 and ₹9,500. - **Samvardhana Motherson** April Futures, buying in the range of ₹133 to ₹135, with a stop loss at ₹128. Target prices are ₹145 and ₹152. Investors should be cautious and consider consulting certified experts before making investment decisions, as market conditions can change swiftly.