Hot stocks | Three names that can give up to 8% return in 3-4 weeks
Episode 2047, Dec 23, 2019, 02:00 AM
December 2019 has been a historical month for Indian Market with Nifty and BankNifty making record highs.
However, this momentum is unlikely to continue in the last week of the month as we can already see shrinking momentum in Nifty on a daily basis.
It can be said that this growth of Indian market is not organic but artificial because this rise in Indices can be attributed to the growth in the stocks comprising the Indices and also due to the buying pressure from biased buyers who have been buying at market highs and thus pushing the market higher.
Such considerable growth has not been seen in all stocks.
Global markets due to Christmas break are expected to be rangebound and sideways. We can see a divergence in RSI which will be another major hindrance to the continuation of this momentum.