Stocks to Buy or Sell: Expert Insights from Osho Krishan of Angel One
Published on February 13, 2025, 10:00 AM IST
As market dynamics shift, investors are seeking guidance on which stocks to consider for their portfolios. Osho Krishan, Senior Analyst at Angel One, has recently provided recommendations for two particular stocks that show promise: TVS Motor Company Ltd and Cholamandalam Investment and Finance Company Ltd.
Market Overview
In the context of a cautious stock market, both the Nifty 50 and Sensex indices opened relatively unchanged today. The Nifty 50 began trading at 23,055.75 points, gaining 10.50 points or 0.05 percent, while the Sensex opened at 76,201.10, up by 30.02 points or 0.04 percent. This stability follows a downward trend observed in previous sessions, as the markets remain on alert due to Prime Minister Narendra Modi’s upcoming visit to the United States.
Market analysts suggest that the ongoing developments related to international trade could significantly influence investor sentiment. A recent conversation between former U.S. President Donald Trump and Russian President Vladimir Putin has seemingly contributed to a more positive outlook. However, the Indian market continues to face challenges, particularly from persistent selling pressures by foreign institutional investors.
Technical Market Analysis
Krishan noted that the Indian equity markets have been experiencing high volatility. Despite an initial sell-off, a rebound from an intraday low of 22,798 points provided a modest recovery. Nonetheless, the market sentiment remains tepid, characterized by an oversold position that could suggest potential for a rally, especially if favourable updates arise from the Modi-Trump discussions regarding trade tariffs.
From a technical standpoint, the Nifty 50 index is facing resistance in the range of 23,250-23,350, while a support zone is identified at 22,900-22,800. The overall market atmosphere is marked by uncertainty, making it essential for investors to exercise caution and employ sound risk management strategies.
Recommended Stocks
- TVS Motor Company Ltd
- Current Position: Following a recent peak of 2,720, TVS Motor Company has corrected about 61.80%, currently positioned near a significant support cluster as indicated by its exponential moving averages (EMAs) and 200-day Simple Moving Average (SMA).
- Investment Outlook: Given the bullish momentum suggested by uptrending technical indicators, Krishan recommends purchasing TVS Motor shares at the levels of ₹2,460-₹2,450, with a stop loss set at ₹2,350 and an anticipated target of ₹2,650.
- Cholamandalam Investment and Finance Company Ltd
- Performance Insight: Cholamandalam has recently broken out of a consolidation phase, displaying a notable upward trend. It currently trades above its short-term EMAs, signaling strong potential for upward momentum. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) support this bullish sentiment.
- Investment Strategy: Krishan advises buying Cholamandalam shares in the range of ₹1,340-₹1,320, with a stop loss of ₹1,270 and a target set at ₹1,460.
Conclusion
Investors are encouraged to approach the current market environment with caution as they consider these recommendations. While Osho Krishan’s insights point to potential opportunities in TVS Motor and Cholamandalam, it is vital for individuals to conduct their own thorough research or consult certified financial advisors before making any investment decisions.
Disclaimer: The views expressed here are those of the analysts and do not necessarily reflect the opinions of Mint or its staff. Always consult with qualified financial experts before making any investment choices.
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